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| Discuss PIVOT analysis at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Pivot analysis using CAMARILLA method on NIFTY FUTURES for 13.06.08. Resistance.4..............4549 Resistance.3..............4523 Resistance.2..............4514 Resistance.1..............4505 PIVOT.......4500 ... |
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#1
12th June 2008, 10:37 PM
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PIVOT analysis
Pivot analysis using CAMARILLA method on NIFTY FUTURES for 13.06.08.
Resistance.4..............4549 Resistance.3..............4523 Resistance.2..............4514 Resistance.1..............4505 PIVOT.......4500 Support.1.................4487 Support.2.................4478 Support.3.................4469 Support.4.................4443 Todays OPEN=4475,HIGH=4550,LOW=4453 and CLOSE=4496. 
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#2
12th June 2008, 10:47 PM
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Re: PIVOT analysis
Res = = >1 4553.8
Res = = >2 4568.3 Res = = >3 4582.8 Res = = >4 4626.3 Pivot = => 4493.8 Supp = = >1 4524.9 Supp = = >2 4510.4 Supp = = >3 4495.9 Supp = = >4 4452.5 Close = = = >4539.4 The Same CAMARILLA Method on NIFTY SPOT
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#3
15th June 2008, 04:23 PM
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Re: PIVOT analysis
Pivot analysis using CAMARILLA method on NIFTY FUTURES for 16.06.08.
Resistance.4..............4520 Resistance.3..............4502 Resistance.2..............4497 Resistance.1..............4491 PIVOT.......4487 Support.1.................4479 Support.2.................4473 Support.3.................4468 Support.4.................4450
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#4
16th June 2008, 11:26 PM
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Re: PIVOT analysis
Pivot analysis using CAMARILLA method on NIFTY FUTURES for 17.06.08.
Resistance.4..............4605 Resistance.3..............4588 Resistance.2..............4582 Resistance.1..............4577 PIVOT.......4576 Support.1.................4565 Support.2.................4560 Support.3.................4554 Support.4.................4537
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#5
17th June 2008, 09:18 PM
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Re: PIVOT analysis
OK great. These are pivots. Could you please explain to us the follwoing:
1) How do you use it? For example today, NIFTY goes past R3. In real time, if NIFTY hits R3, then what would you do? 2) Yesterday, the market gapped up. So during those days, do these pivots have any relevance? I also have pivots on my esignal. But when the market gaps up or down, I don't think these pivots have any relevance in my opinion. What are your thoughts on this? 
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#6
17th June 2008, 10:35 PM
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Re: PIVOT analysis
Quote:
If market opening is either GAP-UP or GAP-DOWN then PIVOT has no meaning.This analysis is made on previous day high,low,close etc. simply it does not work with gap up or gap down market. 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. Pivot for 18.06.08 ......4612
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#7
19th June 2008, 06:37 PM
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Re: PIVOT analysis
Pivot analysis using CAMARILLA method on NIFTY FUTURES for 20.06.08.
Resistance.4..............4520 Resistance.3..............4504 Resistance.2..............4499 Resistance.1..............4493 PIVOT.......4492 Support.1.................4483 Support.2.................4477 Support.3.................4472 Support.4.................4456
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#8
19th June 2008, 07:38 PM
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Re: PIVOT analysis
I am using these Pivots as follows. Not sure if that is the suggested method.
1.Long above R4 with R3 as SL. 2.If it is retracing below R4 after breaking R3, Short @ R3 with R4 as SL. 3.Short below S4 with S3 as SL. 2.If it is retracing above S4 after breaking S3, Long @ S3 with S4 as SL. It has generally worked for me. (about 50 - 60 %) Cheers Last edited by pakatil; 19th June 2008 at 08:34 PM.
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#9
19th June 2008, 08:01 PM
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Re: PIVOT analysis
Quote:
Dear pakatil, In PIVOT analysis there is no scope for political or emotional issues ,it is purely MATHEMATICAL based on previous day's open,high,low and close.For example in TODAY's case the market went down just because there was a rumour that MOODY has downgraded India from investment grade. I think in your post at point no.4 ,R4 should be replaced with S4.Am I correct?
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