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Weekly Levels for Nifty Future - 02nd Jan to 06th Jan 2012 |
Team iCharts
White Belt
Joined: 08 Sep 2011
Posts: 119
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Post: #1  Posted: Mon Jan 02, 2012 7:13 pm Post subject: Weekly Levels for Nifty Future - 02nd Jan to 06th Jan 2012 |
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Dear Member,
Please find the Weekly Levels for some of the Future Scripts including NIFTY for the week 02nd Jan 2012 to 06th Jan 2012.
Regards
Team iCharts |
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gskumar
White Belt
Joined: 19 Dec 2011
Posts: 28
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| Post: #2 Posted: Tue Jan 03, 2012 6:59 am Post subject: Trading levels - confusion |
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Dear Sir
I am a novice trader and a new entrant to icharts. I am bit confused the usage of reversal levels shown above the bull and below the bear in the weekly levels. Kindly explain me what it denotes / how to interpret this table.
Thanks in advance |
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ProTrader
Site Admin
Joined: 06 Jul 2008
Posts: 433
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| Post: #3 Posted: Tue Jan 03, 2012 8:08 am Post subject: |
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Dear Sateesh:
Welcome to iCharts. The Reversal Level can be a strong support or resistance level from where the price and bounce off in the reverse direction of the trend. For example, If the price is trending up above Bull, the reversal level can act as resistance, so be cautious. If the price has pierced above the reversal level and then turns down, it may act as support. A reversal from this level can be powerful and if utilized properly can provide with a good trade. Same for the Reversal Level below Bear.
Hope this help.
Regards,
ProTrader |
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gskumar
White Belt
Joined: 19 Dec 2011
Posts: 28
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| Post: #4 Posted: Tue Jan 03, 2012 9:54 am Post subject: Weekly levels - confsion cleared |
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Dear Sir
Thank you very much for your kind response. This will definitely be useful to me.
I remain
G. Sathish Kumar |
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ravin_06
White Belt
Joined: 05 Oct 2008
Posts: 31
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| Post: #5 Posted: Tue Jan 10, 2012 8:43 am Post subject: |
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Good morning..
Waiting for weekly lvl  |
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