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Showing posts with label NIFTY. Show all posts
Showing posts with label NIFTY. Show all posts

Tuesday, March 8, 2011

Expected NIfty Range for 9/3/2011

Nifty Range is derived from the Volatility using Last 10 days Nifty Closing Price. And Fibonacci  Ratio is used to calculate the values for up or down move.





The above is purely for intraday.

Buy at 0.382 Fib ratio 5557.38/5558  Stop loss 5546. (5521 ready to risk 40 points)
Sell at 0.382 Fib ratio 5484.22/5485  Stop loss  5495. (5521 ready to risk 40 points)

Below is with My R & D Fib Levels.




if trend is up,  Nifty should sustain above 5560
if trend is down, Nifty should sustain below 5482

Sunday, March 6, 2011

Nifty Analysis for on 07/03/11.

Expect nifty to move down based of two non technical reason.

1. Not clear about the stand of Central ruling UPA Govt with its allies.
2. Instability in Libya.

If NS starts falling then, the range may be

07/03/2011 Range, High-5533.05, Low-5402, Close- (5413 - 5425)
If NS breaks 5402, then 5382.90,5352.87..


tried to split this range with uncommon fib ratio and values for nifty are as given below.

5515.56
5492.74
5477.53
5462.32
5447.1
5431.89
5416.67
5386.25
5355.82.

Had biased view, so not worked out on upside. May be extremely wrong here. Since it is first of it kind from my side, will give a try.

But Politics nowadays is all about acting and excellent screen play, and the first non technical reason mentioned above for downmove could change overnight and may be tomorrow morning news channels may show  UPA allies all standing together waving hands on us, like nothing happened at all.

Below is the 2 day - 2 minute chart. To find the previous days high/low to initiate trade.