Nifty Futures Trading

[Sunil]

can anyone please tell me the key fibonacci levels for the move from 3800 to 5300... please...

also, how do we find these levels...???

 

[uasish]

can anyone please tell me the key fibonacci levels for the move from 3800 to 5300... please...

also, how do we find these levels...???

Any charting s/w has this Tool.
Otherwise take a Calculator,minus Low from High,multiply by .618/.382/.238 ,keep the product to add with Low OR minus from High.

 

[Sunil]

czar... in mumbai, where do u stay??

 

[Saint]

oh, got it.. wtg = "way to go"...

how's bangalore now, Sir??
hope everything's fine from your side

bit of a close shave.....all fine now.

Saint

 

[Czar]

can anyone please tell me the key fibonacci levels for the move from 3800 to 5300... please...

also, how do we find these levels...???

4255 / 4162 / 4068

 

[Czar]

the consensus is if the markets exceeds the fib levels, its no longer a pull back in the uptrend...

PMed u other reply

dada check the MA, its testing after crossover... still in pull back zone I guess

 

[solacefanatic1]

Any charting s/w has this Tool.
Otherwise take a Calculator,minus Low from High,multiply by .618/.382/.238 ,keep the product to add with Low OR minus from High.

it should be .236.

regards
mahesh

 

[Sunil]

Any charting s/w has this Tool.
Otherwise take a Calculator,minus Low from High,multiply by .618/.382/.238 ,keep the product to add with Low OR minus from High.

ya da, silly of me...

when i saw czar's chart, i realised that EOD charts & this trading software will suffice to see the fib levels... i was thinking 5mt or 60 mt chart will be reqd..

23.6% = 4360
38.2% = 4252
50.0% = 4164
61.8% = 4075

so, we after falling below 4360, nifty spent much time testing 4350 yesterday
today, it just dropped below 4250 & tested 4164...

dont know much abt these fib nos., but any seniors have experience with these nos.??? are they relevant or just statistical??

 

[praveen taneja]

ya da, silly of me...

when i saw czar's chart, i realised that EOD charts & this trading software will suffice to see the fib levels... i was thinking 5mt or 60 mt chart will be reqd..

23.6% = 4360
38.2% = 4252
50.0% = 4164
61.8% = 4075

so, we after falling below 4360, nifty spent much time testing 4350 yesterday
today, it just dropped below 4250 & tested 4164...

dont know much abt these fib nos., but any seniors have experience with these nos.??? are they relevant or just statistical??

do u mean all should exit longs if mkt is going to fall like this more

 

[renu daga]

here all teh shorts should be covered up,,

vol atb this point si very low

renu

i think i caught the exact levels of for covereing up teh shorts,,
atleast for today

eod is in fresh sell
60 min showing pos div,,
i think we may move up in morning hours,,and tehn come down
moer sceanrio goes how teh dow will react / and oil.... circumstances,,

renu