Thursday, March 10, 2011
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.
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
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.
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.
Friday, March 4, 2011
Fibonnacci Retracement for intraday trading today.
Today i have used Fibonnace Retracement from the high of today to low of the day with 40, 50 and 60 per cent as the ratio, little different from the actual Fibonnacci ratio in 5 min chart. Given below the chart for your reference.
Friday, February 25, 2011
Subscribe to:
Posts (Atom)