Nifty Intraday Pivot Points

Discussion in 'Day Trading' started by SavantGarde, Oct 25, 2006.

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  1. gsa

    gsa New Member

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    Re: Nifty Pivot Points for 30th Oct, 2006

    hi savant,
    i am new here.
    have short position on nifty 3737 ...should i hold...
    also could you pls explain what u mean by short 1/2...etc. do u mean go long or short....at these levels or are you indicating supports and resistances as per day.
    brgds
    gsa
     
  2. SavantGarde

    SavantGarde Well-Known Member

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    Re: Nifty Pivot Points for 30th Oct, 2006

    Hi GSA,

    Hang on to your short, through the day you may get an opportunity to be able to cover with a little profit or a little loss. Also if you can stand the Pain of the market going against your position you will see Nifty come to 3700 during the month...Choice is entirely yours.

    Ok, now for the explanation of the Pivot Points, the figures you see are all based on Nifty Spot Prices and Future Position maybe taken at the corresponding Nifty Spot Prices, Long-1 is where if the Nifty Spot if reaches and doesnot break down you can take a long postion and Long-2 is where it may face Resistance & same goes for Short-1 Short-2, Keep adjusting your S/L as the market keeps moving so that even if it moves against your position you still end up with a little profit if the S/L triggers, ofcourse may not always trigger for Profit....:)

    Any more Questions Feel free to ask.

    Seeya
    SavantGarde
     
  3. SavantGarde

    SavantGarde Well-Known Member

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    Re: Nifty Intraday Pivot Points for 2nd Nov. 2006

    UPDATE

    Nifty Future Faces some resistance at 3798.00 crossing this one will see 3830.00

    Seeya

    SavantGarde
     
  4. SavantGarde

    SavantGarde Well-Known Member

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    Re: Nifty Pivot Points for 2nd Nov. 2006

    UPDATE

    Nifty Future Faces some resistance at 3798.00 crossing this one will see 3830.00

    Seeya

    SavantGarde
     
  5. CreditViolet

    CreditViolet Guest

    Re: Nifty Intraday Pivot Points for 2nd Nov. 2006

    Had a target of 3814 intraday and worked out perfect.It marked the end of the impulse wave that started at 3317.Thts on minute charts and nothing to do with the impulse wave on daily.

    Here are the pivot levels



    CV
    :eek:
     

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  6. SavantGarde

    SavantGarde Well-Known Member

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    Re: Nifty Intraday Pivot Points for 3rd Nov 2006

    NIFTY SPOT CLOSELONG -1 LONG - 2 SHORT - 1 SHORT - 2 TRAILING S/L

    3791.903801.80 3818.90 3760.60 3736.50 7.40


    PREVIOUSLY HELD LONGS IN NIFTY FUTURES FROM MY FIRST POST KEEP A STOP LOSS OF 3750.90


    Seeya

    SavantGarde
     

  7. SavantGarde

    SavantGarde Well-Known Member

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    Re: Nifty Pivot Points for 3rd Nov 2006

    NIFTY SPOT CLOSELONG -1 LONG - 2 SHORT - 1 SHORT - 2 TRAILING S/L

    3791.903801.80 3818.90 3760.60 3736.50 7.40


    PREVIOUSLY HELD LONGS IN NIFTY FUTURES FROM MY FIRST POST KEEP A STOP LOSS OF 3750.90


    Seeya

    SavantGarde
     
  8. gsa

    gsa New Member

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    Re: Nifty Pivot Points for 30th Oct, 2006

    thanks savant
    brgds
    gsa
     
  9. SavantGarde

    SavantGarde Well-Known Member

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    Re: Nifty Intraday Pivot Points for 6th Nov 2006

    NIFTY SPOT CLOSE LONG -1 LONG -2 SHORT -1 SHORT -2 TRAILING S/L

    3805.35 3810.50 3822.85 3774.20 3750.30 6.60


    AS USUAL ALL ABOVE PIVOTS BASED ON NIFTY SPOT.

    AND FOR ALL THOSE HOLDING LONG POSITIONS IN NIFTY FUTURES FROM MY FIRST POST, PLEASE KEEP A STOP LOSS OF 3766.80

    Seeya

    SavantGarde
     
  10. SavantGarde

    SavantGarde Well-Known Member

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    Re: Nifty Pivot Points for 6th Nov 2006

    NIFTY SPOT CLOSE LONG -1 LONG -2 SHORT -1 SHORT -2 TRAILING S/L

    3805.35 3810.50 3822.85 3774.20 3750.30 6.60


    AS USUAL ALL ABOVE PIVOTS BASED ON NIFTY SPOT.

    AND FOR ALL THOSE HOLDING LONG POSITIONS IN NIFTY FUTURES FROM MY FIRST POST, PLEASE KEEP A STOP LOSS OF 3766.80

    Seeya

    SavantGarde
     
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