Nifty Turning Point for the Day

[bjj9126]

Hi Friends,

I have a formula to calculate the probable Turning Points for the day for Nifty,

I will share it with you but after some successful Post,

So,let me start,

For Date 31/03/2010 :

Turning Points are 5240 & 5307


let us watch the result at 3:30


Prakash

 

[sujittalukder]

What does turning point indicate?
Is it that market will fall from 5307 and go up from 5240 or vice versa?
Please explain.

regards
Sujit Talukder

 

[SwingKing]

What does turning point indicate?
Is it that market will fall from 5307 and go up from 5240 or vice versa?
Please explain.

regards
Sujit Talukder

Turning points would essentially mean "Pivot Points". So in this particular case Nifty would fall below 5240 and rise above 5307.

Tc

 

[scplindia]

today 5240 was nearly okay.

 

[venktn]

I would like to know how to calculate the turning points for nifty.

 

[bjj9126]

As per my calculation Today's turning Point was 5240 & 5307,

Result:

Fall from 5296 to 5245 & rise from 5245 to 5280 & closed at 5261.6


Prakash

 

[bjj9126]

Turning Point for 01/04/2010 : 5296

(Please dont trade just watch & let us learn this new concept)

 

[scplindia]

turning point is it spot or future

 

[bjj9126]

for Today 02/04/2010

5280

 

[bjj9126]

turning point is it spot or future

This is for future