PIVOT analysis

[columbus]

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 13.06.08.

Resistance.4..............4549
Resistance.3..............4523
Resistance.2..............4514
Resistance.1..............4505

PIVOT.......4500

Support.1.................4487
Support.2.................4478
Support.3.................4469
Support.4.................4443


Todays OPEN=4475,HIGH=4550,LOW=4453 and CLOSE=4496.

 

[DJ123143]

Res = = >1 4553.8
Res = = >2 4568.3
Res = = >3 4582.8
Res = = >4 4626.3

Pivot = => 4493.8

Supp = = >1 4524.9
Supp = = >2 4510.4
Supp = = >3 4495.9
Supp = = >4 4452.5

Close = = = >4539.4

The Same CAMARILLA Method on NIFTY SPOT

 

[columbus]

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 16.06.08.

Resistance.4..............4520
Resistance.3..............4502
Resistance.2..............4497
Resistance.1..............4491

PIVOT.......4487

Support.1.................4479
Support.2.................4473
Support.3.................4468
Support.4.................4450

 

[columbus]

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 17.06.08.

Resistance.4..............4605
Resistance.3..............4588
Resistance.2..............4582
Resistance.1..............4577

PIVOT.......4576

Support.1.................4565
Support.2.................4560
Support.3.................4554
Support.4.................4537

 

[traderwiz]

OK great. These are pivots. Could you please explain to us the follwoing:

1) How do you use it? For example today, NIFTY goes past R3. In real time, if NIFTY hits R3, then what would you do?
2) Yesterday, the market gapped up. So during those days, do these pivots have any relevance?

I also have pivots on my esignal. But when the market gaps up or down, I don't think these pivots have any relevance in my opinion. What are your thoughts on this?

 

[columbus]

OK great. These are pivots. Could you please explain to us the follwoing:

1) How do you use it? For example today, NIFTY goes past R3. In real time, if NIFTY hits R3, then what would you do?
2) Yesterday, the market gapped up. So during those days, do these pivots have any relevance?

I also have pivots on my esignal. But when the market gaps up or down, I don't think these pivots have any relevance in my opinion. What are your thoughts on this?

Dear traderwiz,

If market opening is either GAP-UP or GAP-DOWN then PIVOT has no meaning.This analysis is made on previous day high,low,close etc. simply it does not work with gap up or gap down market.

Today the market went up to S.3 level (nifty future low was 4553) and passed beyond R4 level.(nifty future high was 4648).These are good SIGNALS only.

Pivot for 18.06.08 ......4612

 

[columbus]

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 20.06.08.

Resistance.4..............4520
Resistance.3..............4504
Resistance.2..............4499
Resistance.1..............4493

PIVOT.......4492

Support.1.................4483
Support.2.................4477
Support.3.................4472
Support.4.................4456

 

[pakatil]

I am using these Pivots as follows. Not sure if that is the suggested method.

1.Long above R4 with R3 as SL.

2.If it is retracing below R4 after breaking R3, Short @ R3 with R4 as SL.

3.Short below S4 with S3 as SL.

2.If it is retracing above S4 after breaking S3, Long @ S3 with S4 as SL.

It has generally worked for me. (about 50 - 60 %)

Cheers

 

[columbus]

I am using these Pivots as follows. Not sure if that is the suggested method.

1.Long above R4 with R3 as SL.

2.If it is retracing below R4 after breaking R3, Short @ R3 with R4 as SL.

3.Short below S4 with S3 as SL.

4.If it is retracing above R4 after breaking S3, Long @ S3 with S4 as SL.

It has generally worked for me. (about 50 - 60 %)

Cheers

Dear pakatil,

In PIVOT analysis there is no scope for political or emotional issues ,it is purely MATHEMATICAL based on previous day's open,high,low and close.For example in TODAY's case the market went down just because there was a rumour that MOODY has downgraded India from investment grade.

I think in your post at point no.4 ,R4 should be replaced with S4.Am I correct?

 

[pakatil]

Dear Columbus,

You are right. Typing Error, have rectified.

Cheers