Bank Nifty Spot Calc

#1
Hi all,

is there any online calculator available to find out the levels of Bank Nifty for intraday/positional trades??

Thanx & Regds
 

DSM

Well-Known Member
#2
Its easy to calculate pivot levels. See post No. 622 & 659 in the below thread

http://www.traderji.com/general-trading-investing-chat/89859-markets-after-hours-63.html

Posting a bit of the same here, and you can have the formulas in an simple XL sheet :

Calculation of Pivot Points
• A technical analysis indicator used to determine the overall trend of the market.
• The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
• On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
• In a pivot point analysis, the first support and resistance levels are calculated by using the width of the trading range between the pivot point and either the high or low prices of the previous day. The second support and resistance levels are calculated using the full width between the high and low prices of the previous day.

Central Pivot Point (P) = (High of previous day + Low of previous day + Close of previous day) / 3
First Resistance (R1) = (2*P) - Low
First Support (S1) = (2*P) - High
Second Resistance (R2) = P + (R1-S1)
Second Support (S2) = P - (R1- S1)


Hi all,

is there any online calculator available to find out the levels of Bank Nifty for intraday/positional trades??

Thanx & Regds
 

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