Nifty Intraday Pivot Points

what is the making the market fall now is beyond my all predictions...
this is terrible, market should not break the support of 4750 today..
what if market closes below 4750 today..will it change the ultra-bullish assumptions of november??
SAVANTJI, your opinion would be highly appreciated

Plz spend 2 minutes to browse last 1 or 2 pages to get the requested data..

Friends,

FII selling just like tommarow never comes,

Falls of nigera ?

Nifty @ 4700..Should we look at it as buying opportunity or Exit Signal.

Hi Savant ,

again European mkts being manipulated along with dow futures to affect our markets pre closing ??

regards

Amit

Re: Nifty Intraday Pivot Points for 30th October 2009

Hi SavantGarde,

"Readers are requested ignore this content of this post since this info is for SG only".

Thanks for your explanation for missing S3 to S6. Based on knowledge I acquire from this thread & hunting to learn more leads to calculating NF pivots for next day based on previous day's OHLC downloaded from NSE site. However I always use levels posted by SG.

I was afraid to put those levels in this thread (to communicate to you for your information) whether my calculation is matching with yours or not. But readers assume that anything appears in this thread are with the knowleadge of SG & may land in trouble after using the same and run for SG's help which will increase further burden on you.

Since market is over, I thought of communicating my calulation levels to you which are not published by you for 30th Oct09 intraday Pivot levels.

S3 4727.80
S4 4714.60
S5 4691.40
S6 4668.20

And I don't know how S/L levels are calculated based on these Pivot levels.

If above levels are not matching with your calculation kindly ignore my rubbish calculation & I regret for posting this info to you. Sorry for wasting your's & other readers valuable time.

Awaiting for your reply to test my learning progress

Thanks & regards,
Keerthi

Dear SAVANTJI,
Is this the reversal of trend now?
Please explain how october highs can be breached in november now?
There does not seem to be an end to this downtrend anymore?
Pls advise....

Hi Vaibhav and Fellow Boarders,

As this is just the start of Nov series, and the fact that we've been falling for last few sessions, we should not panic with today's fall. This is October effect. We could see good days ahead as mentioned by Savantda.

I am also more assured of good November when I read Technical and all analysis by PranayK in his thread
http://www.traderji.com/futures/30235-morning-update-0800hrs-intraday-market-level.html

Checkout http://www.traderji.com/futures/302...0hrs-intraday-market-level-48.html#post377243

Well, Thx for this, but really a word from Savantji could do me a world of good.
I haven't seen Dow Jones falling this fast, already shredding off 250 points with still 3 more hours of trading session left..
this could result in another big gap down of indian markets on tuesday??

really october highs can be breached in november??
Just hope it doesn't test the lows made in march??

May be yesterdays rally a breather to get down deeper? Even though yesterdays Dow rally was not simulated by us we will follow thier fall :fatigue:


falling