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Trading With Pivot Points |
ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #136 Posted: Wed Feb 09, 2011 3:11 pm Post subject: |
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I am not a fan of counter trade ...
Looks like NF is taking support at monthly S1 ...
One can trade 30% of qty ... by buying if we close above 5240 today
SL is close below S1 |
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Ravi_S Yellow Belt
Joined: 15 Jun 2009 Posts: 569
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Post: #137 Posted: Thu Feb 10, 2011 12:08 pm Post subject: |
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CB
NF, Weekly S2 5224, Daily S1 5224, Monthly S1 5238
How to trade now?
Regards
Ravi |
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #138 Posted: Thu Feb 10, 2011 7:59 pm Post subject: |
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All are good support levels ... yesterday after I posted this msg, it moved up 50 pts ...
we are currently in a clear bear market .. daily its making lower lows ...
in normal circumstances i would hv bought these support levels ... but at the moment, no buying for me ... yes all these are good booking levels for shorts |
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #139 Posted: Tue Mar 22, 2011 5:22 pm Post subject: |
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Nifty couldnt close above 5440.3 which is weekly PIVOT. But it is almost near PIVOT. So for PP trades we should have nil position and wait for tomorrow
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #140 Posted: Wed Mar 23, 2011 7:57 pm Post subject: |
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Nifty took resistance at weekly r1 |
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ConMan White Belt
Joined: 06 Aug 2008 Posts: 344
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Post: #141 Posted: Sat Apr 30, 2011 11:23 am Post subject: |
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Hello all
Monthly Pivots are
R1- 5932
PP- 5820
S1 - 5640
Other two important daily close levels (for month of may) are
Bull - 5912
Bear - 5782
Weekly Pivots for 2nd May - 7th May are
R1- 5882
PP- 5795
S1 - 5665
Other two important levels are
Bull - 5858
Bear - 5766
We are currently partying with bears, lets hope the party continues this month too ... SELL IN MAY GO AWAY ... rest we leave to the levels.
Have a rocking MAY
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