Friday 31 August 2012

NCX Commodity Pivots


For the traders doing trading in MCX commodities  I give below the pivot points for most popular traded commodities



R3
R2
R1
Pivot
S1
S2
S3
ALUMINI
105.40
104.90
104.20
103.70
103.00
102.50
101.80
COPPERM
433.50
430.45
426.80
423.75
420.10
417.05
413.40
CRUDEOIL
5379.67
5351.33
5313.67
5285.33
5247.67
5219.33
5181.67
GOLDGUINEA
25753.67
25519.33
25170.67
24936.33
24587.67
24353.33
24004.67
GOLDM
30918.00
30854.00
30800.00
30736.00
30682.00
30618.00
30564.00
GOLDPETAL
3117.67
3110.33
3103.67
3096.33
3089.67
3082.33
3075.67
LEADMINI
110.78
110.22
109.38
108.82
107.98
107.42
106.58
NICKEL
925.93
918.67
905.03
897.77
884.13
876.87
863.23
NICKELM
925.80
918.60
905.00
897.80
884.20
877.00
863.40
SILVERM
58220.33
57879.67
57416.33
57075.67
56612.33
56271.67
55808.33
SILVERMIC
58214.33
57872.67
57411.33
57069.67
56608.33
56266.67
55805.33
ZINCMINI
103.97
103.23
102.22
101.48
100.47
99.73
98.72

 Happy trading!

Trading the Nifty today


Trading the Nifty on 31st August, 2012
 
The Nifty has opened above the pivot line travelled passed R1 to meet the resistance level of Mid R2 and settled at 5315 which is above the pivot level. The levels to look for in today’s trading is 5329 which is Mid R1 and R1 5354. On the lower side if Nifty opens weak, levels of 5285 and 5266 can be seen. Yesterday the nifty has attempted to rise from the lows of 5255. Today it is very difficult to predict the movement of the Nifty since the month ends. There could be a volatile trading. Today is a day to watch the movement of Nifty.

Pivot levels for                31st August 2012

Mid R3         5417          R3           5441
Mid R2         5373          R2           5392
Mid R1         5329          R1           5354

Pivot             5304

Mid S1          5285          S1            5266
MID S2         5241          S2            5217
Mid S3          5197          S3            5178

                                                     
The below written  pivot levels are based on Fibonacci numbers meant for Fibonacci traders.

Pivot             5304
                                                                            
R3                 5392          S1            5271                            
R2                 5359          S2            5250                            
R1                 5338          S3            5217       



The following chart is posted for the use of currency traders


R3
R2
R1
Pivot
S1
S2
S3
EURINR-I
70.2967
70.2158
70.1142
70.0333
69.9317
69.8508
69.7492
GBPINR-I
88.8633
88.7317
88.5683
88.4367
88.2733
88.1417
87.9783
JPYINR-I
71.3583
71.2542
71.1208
71.0167
70.8833
70.7792
70.6458
USDINR-I
56.3608
56.2417
56.0583
55.9392
55.7558
55.6367
55.4533



I wish my viewers Happy trading!