Trading Nifty by Levels

[rahul321]

symptoms to touch 4690

so i missed one more bus,

market remained weak bearish from morning itself as per khushi.

nice .

 

[AMAN TANEJA]

all my frens who are following this thread, i feel it will be gud if we all can avoid talking bout crack of any software on public forum, i hope all of you can edit your post, so that it will be gud for everyone who is using it.

watchdogs are everywhere,and it wont be long before u will deprived of using such facility, its my humble request, after that all of you are more senior and more intelligent than me to take a decision

 

[msa5678]

Nifty futures:

Today support @ 4725 (yesterdays low) if broken wid volume thn 4690 next level.

If not take support at 4690 thn next support 4635

Today Resistance @ 4750 & 4780 so for me its crucial area

Hi Khushi,

How did you arrive at the 4690 figure. 2 times on the 15 min TF NF touched 5688 and bounced back. The precision of the level is awesome.

 

[rahul321]

Hi Khushi,

How did you arrive at the 4690 figure. 2 times on the 15 min TF NF touched 5688 and bounced back. The precision of the level is awesome.

hey friend its all about expertise.

 

[manish9300]

Quote:
Originally Posted by khushi00 View Post
Nifty futures:

Today support @ 4725 (yesterday’s low) if broken wid volume thn 4690 next level.

If not take support at 4690 thn next support 4635

Today Resistance @ 4750 & 4780 so for me its crucial area

Quote:

Hi Khushi,

How did you arrive at the 4690 figure. 2 times on the 15 min TF NF touched 5688 and bounced back. The precision of the level is awesome.

khushi mam said she used intraday charts to get these levels.....so lets check the charts.on 23rd dec we had a daily low of 4696 and now 22nddec we has a daily low of 4640.subtract 5 point and round off to nearest zero or five ending number gives us 4690 and 4635 ...khushi mam's support levels.
now 23nd dec high is 4777 and 22 dec high is 4758 .here we add 5 points and round off to nearest zero or five ending number gives us 4780 and 4765.
so we got 3 levels but this resistance level of 4750 is still a mystery.

note : i dont have intraday charts of nifty future .i used futures open high low close data to do above analysis.those who have intraday charts pls check and tell what i missed.

 

[murthyavr]

Hi Khushi,

How did you arrive at the 4690 figure. 2 times on the 15 min TF NF touched 5688 and bounced back. The precision of the level is awesome.

Dear msa,

On an hourly chart, draw a fib between the immediate PH and immediate PL.
You will get all the levels. Drawing Fib between immediately preceding PH and
PL will give you tighter/closer sup/res levels.

Draw the Fib on hourly chart, and come back to 5min chart, and see the
prices sliding through, jumping off these levels!

If you select pivots at a farther distance, you will get broader sup/res levels.
The more farther you go, the more broader the levels would be.

Hope this helps you..

 

[manish9300]

Dear msa,

On an hourly chart, draw a fib between the immediate PH and immediate PL.
You will get all the levels. Drawing Fib between immediately preceding PH and
PL will give you tighter/closer sup/res levels.

Draw the Fib on hourly chart, and come back to 5min chart, and see the
prices sliding through, jumping off these levels!

If you select pivots at a farther distance, you will get broader sup/res levels.
The more farther you go, the more broader the levels would be.

Hope this helps you..

khushi mam please tell us if this is the way u did it?

 

[haushang]

Quote:
Originally Posted by khushi00 View Post
Nifty futures:

Today support @ 4725 (yesterdays low) if broken wid volume thn 4690 next level.

If not take support at 4690 thn next support 4635

Today Resistance @ 4750 & 4780 so for me its crucial area

Quote:

Hi Khushi,

How did you arrive at the 4690 figure. 2 times on the 15 min TF NF touched 5688 and bounced back. The precision of the level is awesome.

khushi mam said she used intraday charts to get these levels.....so lets check the charts.on 23rd dec we had a daily low of 4696 and now 22nddec we has a daily low of 4640.subtract 5 point and round off to nearest zero or five ending number gives us 4690 and 4635 ...khushi mam's support levels.
now 23nd dec high is 4777 and 22 dec high is 4758 .here we add 5 points and round off to nearest zero or five ending number gives us 4780 and 4765.
so we got 3 levels but this resistance level of 4750 is still a mystery.

note : i dont have intraday charts of nifty future .i used futures open high low close data to do above analysis.those who have intraday charts pls check and tell what i missed.

buddy i have a question why u take 22 nd and 23rd dec. and why not 26th and 27th dec.

 

[haushang]

Dear msa,

On an hourly chart, draw a fib between the immediate PH and immediate PL.
You will get all the levels. Drawing Fib between immediately preceding PH and
PL will give you tighter/closer sup/res levels.

Draw the Fib on hourly chart, and come back to 5min chart, and see the
prices sliding through, jumping off these levels!

If you select pivots at a farther distance, you will get broader sup/res levels.
The more farther you go, the more broader the levels would be.

Hope this helps you..

murthy sir we all know that u r senior but please tell me FIB??? PH??? PL??? for newbies and juniors like me :thumb::thumb:

 

[murthyavr]

murthy sir we all know that u r senior but please tell me FIB??? PH??? PL??? for newbies and juniors like me :thumb::thumb:

No sir, please. I am just a colleague.

Fibonacci levels are the next or lower levels the price is likely jump to.

You can read about it here

The above page may be saying "forex" repeatedly, but they are universally applicable!

--

PH is Pivot High, PL is Pivot Low.

A PH is roughly the high area from where the price changes its course and turns
downwards. Similarly, a PL is the area from where the price turns upwards.
In other words, PL and PH are the major turning points.

Hope this helps..