Nifty Intraday Pivot Points

[SavantGarde]

Re: Nifty Intraday Pivot Points for 7th Jun 2007

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.

Hi Chander,

Excellent Day You Picked For Clarifications & Doubts....For The Pivot

1) Based On What Exactly Happened On The 6th June, You Will Agree
That There Was A Lot Of Volatility On The Day, Therefore R1, R2,
S1 & S2 Had So Much Difference From The Close.

2) If Following The R1, R2, S1 & S2 Stopped You From Trading The
NF That Day, Fortunately or Unfortunately You Were Able To
Preserve Your Capital To Trade Another Day....You Could Have
Got Whipsawed Badly On The Day....Yes, Trading Should Not
Become A Compulsive Habit.....Where On A Particular Day If One
Is Not Able To Judge The Market Movement With A Certain
Amount Of Comfort....One Should Be Able To Exercise The Rare
Trait Not So Common Among Daily Traders To Refrain On The
Particular Day...This Rare Ability Will Keep You In Good Stead In
The Long Run...& Will Inculcate Discipline That Will Keep One In
The Market For As Long As They Want With All Their Clothes On..

3) You Have Understood Most Of The Explanation Very Well & Here
Is Something That I Had Missed....You Can Go Long At S1 or S2
If Visually You See The Supports Not Being Broken or Bouncing
Off A Couple Of Times From Either Of Them.

4) Pivot For NF in Purple Being Mentioned For Last Couple Of Days
Is For Very Nimble Traders....& It Is Based On Actual NF & Not
To Be Used In Conjunction With What Is Posted Above....My
Apologies For The Confusion It May Have Created For You.

I am not sure but should be able to post tomorrow the actual Pivots, with a few more Resistances & Supports For Monday, That Hopefully
will be easier to follow since, it will be based on actual NF Figures


Happy & Safe Trading

SavantGarde

 

[chander_rb]

Hi Savant,

Thank you very much for the prompt reply.

Have understood and shall wait for your next post.

regards

arbeecee

 

[SavantGarde]

Re: Nifty Intraday Pivot Points for 11th Jun 2007

Nifty Intraday Pivot Points for 11th Jun 2007

[B]NF CLOSE: 4122.10

PIVOT:    4133.00

R1 - 4146.00	S1 - 4112.00

R2 - 4159.00	S2 - 4091.00

R3 - 4180.00	S3 - 4078.50

R4 - 4201.00	S4 - 4065.50

R5 - 4214.00	S5 - 4044.00[/B]

Above Figures Are Based On Nifty Future & One may Also Go Long
In CNXIT Future.....It is Looking Very Tempting

THERE IS NO TRAILING STOP LOSS FOR THE ABOVE BUT ONE CAN KEEP 12 POINT TRAILING STOP LOSS FOR 11th June

Seeya

SavantGarde

 

[SavantGarde]

Re: Nifty Intraday Pivot Points for 12th Jun 2007

Nifty Intraday Pivot Points for 12th Jun 2007

[SIZE="4"][B]NF CLOSE: 4126.60

PIVOT:    4135.00

R1 - 4159.00	S1 - 4111.00
R2 - 4183.00	S2 - 4089.00
R3 - 4207.00	S3 - 4065.00
R4 - 4230.00	S4 - 4040.00
R5 - 4254.00	S5 - 4017.00[/B][/SIZE]

FIGURES ARE BASED ON NF & TRAILING STOP LOSS OF 12.00pts.

Happy & Safe Trading

SavantGarde

 

[uasish]

So this is the thing as promised from June 2nd week .

 

[SavantGarde]

So this is the thing as promised from June 2nd week .

Asish Da,

It is,.... there are more things, but contemplating on what kind of format to post.....will sort those niggly things soon enough...

Missing Aampapad From Malda.....

SavantGarde

 

[uasish]

Mail me your mailing address will definetly send it.

 

[SavantGarde]

Re: Nifty Intraday Pivot Points for 13th Jun 2007

Nifty Intraday Pivot Points for 13th Jun 2007

[B]NF CLOSE: 4146.75

PIVOT:    4122.00

R1 - 4142.00	S1 - 4105.00
R2 - 4161.00	S2 - 4089.00
R3 - 4177.00	S3 - 4069.00
R4 - 4194.00	S4 - 4050.00
R5 - 4213.00	S5 - 4034.00[/B]

FIGURES ARE BASED ON NF & TRAILING STOPLOSS IS 11.20

Happy & Safe Trading

SavantGarde

 

[SavantGarde]

Re: Nifty Intraday Pivot Points for 14th Jun 2007

Nifty Intraday Pivot Points for 14th Jun 2007

[B]NF CLOSE: 4088.60

PIVOT:    4121.00

R1 - 4140.00	S1 - 4110.00
R2 - 4161.00	S2 - 4099.00
R3 - 4171.00	S3 - 4080.00
R4 - 4181.00	S4 - 4060.00
R5 - 4201.00	S5 - 4049.00[/B]

FIGURES ARE BASED ON NF & TRAILING STOPLOSS IS 10.00

Happy & Safe Trading

SavantGarde

 

[SavantGarde]

Re: Nifty Intraday Pivot Points for 15th Jun 2007

Nifty Intraday Pivot Points for 15th Jun 2007

[B]NF CLOSE: 4156.70

PIVOT:    4130.30

R1 - 4138.00	S1 - 4112.00
R2 - 4146.00	S2 - 4093.00
R3 - 4164.00	S3 - 4086.00
R4 - 4182.20	S4 - 4078.00
R5 - 4190.00	S5 - 4060.00[/B]

FIGURES ARE BASED ON NF & TRAILING STOPLOSS IS 10.50

Happy & Safe Trading

SavantGarde