iCharts Discussions

SwingTrader · Posted: Wed Apr 08, 2009 10:08 pm Post subject: NF Trading Levels for 09.04.2009

NF Trading Levels for 09.04.2009

S5 3514.93
S4 3464.05
S3 3446.45
S2 3413.17
S1 3401.17
BULL 3381.73
LOC 3356.29
BEAR 3330.85
S1 3311.41
S2 3299.41
S3 3266.13
S4 3248.53
S5 3197.65

valencia · White Belt Joined: 15 Oct 2008 Posts: 20

Good Morning Sir,

Thank you for the levels.

I am trying to access the forum for your TA students with special access. I also emailed my userid but still cannot access the forum.
Please allow me the access so that I can clear my doubts.

Thanks and Regards,

RM

SwingTrader · Posted: Thu Apr 09, 2009 10:05 am Post subject: Re: Access tot he forum

madhur007 · White Belt Joined: 12 Aug 2008 Posts: 2

hello sir

firstly jst wonderfull levels provided by you i daily trade on these levels frm the past one week sir i would like to know how you calculate these levels so that we can calculate it on other stocks and nifty futures levels also if its not a problem for you sir jus ta request ...

thx for the beautifull levels sir

SwingTrader

SwingTrader · Posted: Thu Apr 09, 2009 4:02 pm Post subject: Follow up

As I mentioned yesterday, a range day would usually be indicated when price encounters strong support/resistance at R1 & S1 levels (and these levels hold). This happened by 10:30-10:40 today (both R1 & S1 were hit and they held) and what a range day it was - quite volatile.

Below is today's NF 15-min chart with relevant levels marked.

RKM · White Belt Joined: 06 Apr 2009 Posts: 137

Hi SwingTrader!

I'm a new member and trying to understand the wealth of information available here and how to make use of it. I lost in my trades yesterday and also gave up a lot of profits of my earlier longs because I could not understand which way the market was heading. I use Pivot levels but your intraday levels are quite different. It is really wonderful the way your levels seem to be so accurate.

I would like to know -

1. How to make use of these levels, and

2. Can you tell us how to calculate them?

When will you be posting the levels for Monday, 13.04.09?

I am also surprised that even on gap opening days the the official opening price of Nifty is always nearly the same as the previous day's closing price. How reliable are the retracement values calculated from these?

Thanks and regards,
Makhijani

valencia · White Belt Joined: 15 Oct 2008 Posts: 20

Thank you very much sir. Now I can access the forum.
Regards

SwingTrader · Posted: Sat Apr 11, 2009 6:39 pm Post subject:

RKM · White Belt Joined: 06 Apr 2009 Posts: 137

Hi SwingTrader!

Thanks for your reply and the separate post regarding how to make use of the Intraday levels which you provide. I have been eagerly looking out for these. You have explained everything very well (except, of course, how you derive them or what relation they bear to the previous day's prices!). Now I must see how well I have understood everything and how well I can make use of these.

Thanks again!

Regards,
Makhijani

valencia · White Belt Joined: 15 Oct 2008 Posts: 20

SwingTrader · Posted: Sun Apr 12, 2009 8:49 pm Post subject:

valencia,

NIFTY FUTURES chart is available on our website as part of our PREMIUM service. The symbol code for NF is NIFTY-1M for the current month futures contract.

For more info on NIFTY FUTURES see the links here: http://www.nseindia.com/content/fo/fo_investors.htm

For more info on NIFTY SPOT INDEX see the links here: http://www.nseindia.com/content/indices/ind_faqs.htm