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PIVOT analysis

Discuss PIVOT analysis at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by columbus [...]Today the market went up to S.3 level (nifty future low ...


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  #11  
Old 19th June 2008, 08:49 PM
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Default Re: PIVOT analysis

Quote:
Originally Posted by columbus View Post
[...]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.
How can NIFTY go up to any Support level? Shouldn't it be a move down (Except of course, when moving from S(i) to S(i-1) where it is assumed S(i) < S(i-1).) Kindly clarify.

Also any particular reason for choosing Camarilla? (As an aside, see here for more on Camarilla.)
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  #12  
Old 21st June 2008, 12:05 AM
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Default Re: PIVOT analysis

Quote:
Originally Posted by skarpio View Post
How can NIFTY go up to any Support level? Shouldn't it be a move down (Except of course, when moving from S(i) to S(i-1) where it is assumed S(i) < S(i-1).) Kindly clarify.

Also any particular reason for choosing Camarilla? (As an aside, see here for more on Camarilla.)

Dear SKARPIO,

Thanks for the info.Yes ,I agree there is a MISTAKE in my post.(Actually WENT UP should be read as WENT DOWN).On the day your are referring NIFTY tested r1,r2,r3,r4 and s1,s2 and s3 levels. In the BLOG mentioned by you ,he says CAMARILLA METHOD IS NOT IDEAL FOR TRADERS but I found the targets given by this method are REALASTIC .Whereas other pivots either CLASSICAL or WOODIE gives levels which are FAR apart.Perhaps on days like TODAY (20.6.08) CAMARILLA does not work because even S.4 given by this method is 4456 whereas market went far below that level.

Last edited by columbus; 21st June 2008 at 12:32 AM.
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  #13  
Old 21st June 2008, 09:35 AM
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Default Re: PIVOT analysis

On 20th,

R4 - 4520
R3 - 4503

S3 - 4472
S4 - 4456

I would say the most ideal set up. NF first went up to 4510 and started sliding.

Short @ 4503 & Cover @ 4472 - 31 points
Short Break Out @ 4456 Chase with Trailing SL - ~100 points .

What else to aspire for!!!

Cheers
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  #14  
Old 22nd June 2008, 11:11 PM
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Default Re: PIVOT analysis

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 23.06.08.

Resistance.2..............4446
Resistance.1..............4390


PIVOT.......4389

Support.1.................4280
Support.2.................4224
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  #15  
Old 23rd June 2008, 07:25 PM
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Default Re: PIVOT analysis

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 24.06.08.

Resistance.3..............4360
Resistance.2..............4314
Resistance.1..............4299

PIVOT.......4294

Support.1.................4253
Support.2.................4237
Support.3.................4222
Support.4.................4176
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  #16  
Old 23rd June 2008, 07:53 PM
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Default Re: PIVOT analysis

Quote:
Originally Posted by skarpio View Post
How can NIFTY go up to any Support level? Shouldn't it be a move down (Except of course, when moving from S(i) to S(i-1) where it is assumed S(i) < S(i-1).) Kindly clarify.

Also any particular reason for choosing Camarilla? (As an aside, see here for more on Camarilla.)

For the same set of data of today (23.6.08) the the RANGES (Maximum-minimum) of different PIVOTS worked out to be :

Camarilla: Less 200 points
Classical: 500 points
Woodie:325 points.

Camarilla appears to be REALISTIC.
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  #17  
Old 25th June 2008, 12:42 AM
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Default Re: PIVOT analysis

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 25.06.08.

Resistance.3..............4271
Resistance.2..............4222
Resistance.1..............4205


PIVOT.......4204

Support.1.................4156
Support.2.................4139
Support.3.................4123
Support.4.................4073
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  #18  
Old 25th June 2008, 10:53 PM
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Default Re: PIVOT analysis

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 26.06.08.

Resistance.4..............4337
Resistance.3..............4291
Resistance.2..............4276
Resistance.1..............4260

PIVOT.......4200

Support.1.................4199
Support.2.................4153
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  #19  
Old 26th June 2008, 08:14 AM
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Default Re: PIVOT analysis

Quote:
Originally Posted by columbus View Post
Pivot analysis using CAMARILLA method on NIFTY FUTURES for 26.06.08.

Resistance.4..............4337
Resistance.3..............4291
Resistance.2..............4276
Resistance.1..............4260

PIVOT.......4200

Support.1.................4199
Support.2.................4153
If you have done some type of Tests,that which method is better then plz share it here.
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  #20  
Old 29th June 2008, 03:38 PM
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Default Re: PIVOT analysis

Pivot analysis using CAMARILLA method on NIFTY FUTURES for 30.06.08.


Resistance.2..............4144
Resistance.1..............4122


PIVOT.......4106

Support.1.................4068
Support.2.................4057
Support.3.................4046
Support.4.................4014
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