iCharts Discussions

SwingTrader · Posted: Thu Mar 26, 2009 8:48 pm Post subject: Trading Levels for 27.03.2009

Trading Levels for 27.03.2009

R5 3317.44
R4 3237.44
R3 3209.76
R2 3157.44
R1 3138.56
BULL 3108.00
LOC 3068.00
BEAR 3028.00
S1 2997.44
S2 2978.56
S3 2926.24
S4 2898.56
S5 2818.56

naresh1711 · White Belt Joined: 20 May 2007 Posts: 15 Location: mumbai

ST Sir
Nifty levels post for the day in case of both bull & bear are overtly optimistic on extreme levels in cae of R5-S5, I wonder it can be reached within a day. I do not recollect 200 pts move on either side looks happy days are here again for BULLS

Naresh Kotwani

SwingTrader · Posted: Fri Mar 27, 2009 9:33 am Post subject:

Naresh,

Thanks for the question. I would like to clarify that these levels are just high probability supports/resistances. The price might not even reach R1 let alone R5. These levels just indicate where the price might encounter support/resistance as it moves up or down. I have no idea what the price is going to do, I am only saying that at these levels there is a high probability that price will encounter support or resistance.

SwingTrader · Posted: Fri Mar 27, 2009 3:41 pm Post subject: Followup

The relevant levels marked on today's NIFTY futures chart.

vinst · Black Belt Joined: 09 Jan 2007 Posts: 3303

ST,
today's levels were good !

vin