Re: Nifty Intraday Pivot Points for 7th Jun 2007
Nifty Intraday Pivot Points For 7th Jun 2007
NIFTY SPOT CLOSE LONG-1 (R1) LONG-2 (R2) SHORT-1 (S1) SHORT-2 (S2) Trail'g S/L
4198.25 4274.30 4358.20 4144.00 4097.60 22.60
AS ALWAYS ABOVE FIGURES ARE BASED ON NIFTY SPOT
There Is No Short Term Buy or Sell Trigger For Tomorrow, Will Post It When It Is Generated. 4253.00 Is The Pivot For NF Tomorrow
Seeya
SavantGarde
Hi Savant,
A clarification regarding the pivot point explained earlier by you, please :-
1. First of all, if I have understood your first post, then,
if the nifty stays above 4274.3 for 10' without breaking down, then I can go long for a target of 4358.2, with a trailing S.L of 22.6 and if the nifty goes down below 4144.0, for 10' without breaking up, then I can go short for a target of 4097.6, with a trailing S.L of 22.6 .
Is this correct ?
2. If yes, then where does the pivot point enter the picture with a special mention?
For going long we are anyway crossing the pivot point 4253 .....
and for going short, 4253 is much too higher than the Short-1 and also higher than the day's opening price.
Can you pls. explain.
Thanks in advance.
Regards.
arbeecee.