Nifty Pivot-based Mechanical Trading System coupled with 2 and 3 Day Swing Calls

[tradenifty]

Thank u Sunil. I have downloaded the excel file. It's a simple but a very effective system. The essence of any Technical anasysis should be its simplicity. You have proved this by developing this wonderful system.

 

[Sunil]

Yup, an INSIDE DAY today in Spot chart (not in Fut chart)...
So, today's High & Low are the key levels to watch tomorrow (Friday) ie spot 2822 & 2771

Even if we ignore Inside bar, today's low (as per intraday charts) in both SPot & Fut, is 2 day Swing low.

In this case too, Stop / SAR for positional longs become Spot 2771 / Fut 2757

Spot 2740 retains its status as the key prev. higher low

Not only Inside Day but also the Narrowest Range in 7 days - hopefully, a decent breakout on either side may be seen in next trading session on Friday.

Also, the all-important 100DMA is knocking on the doors. As highlighted in previous post with chart, it has proven to be quite a pain & tough resistance on last occasions since Jan-08.
A breakdown till/below 2750/40 will result in a pivot high in EOD chart along with negative crossover of slow-stochs already above 80.
A breakout will apparently target 2850-75.

 

[Sunil]

Nifty did not break the high and/or low of Thursday, resulting in another Inside Day on Friday.
Luckily, we have Inside Day in Futures as well on Friday, which had the narrowest intraday range of last 7 days (NR7).

THE SQUEEZE IS GETTING TIGHTER

2 Day Swing's + 3 Day Swing's SAR for positional longs is at Spot 2771.

 

[uasish]

Good to see a thread on Swing.

 

[Sunil]

Nifty did not break the high and/or low of Thursday, resulting in another Inside Day on Friday.
Luckily, we have Inside Day in Futures as well on Friday, which had the narrowest intraday range of last 7 days (NR7).

THE SQUEEZE IS GETTING TIGHTER

Result of IB + IB + NR7 = Nifty closes +130 pts

Just for info: A Straddle on 2800 strike price worth Rs 90/- as on Friday's close is now worth Rs. 160/- i.e. a profit of 70 pts w/o taking any directional bet.

 

[Sunil]

Nifty nearing the strong resistance level of 3150.
20/50/100 DMAs converging in the 2800 zone, which has become an apparent median / LOC of 3150-2500 rectangle.

RSI (5) = 93!!! (HIGHLY OVERBOUGHT)
A GOOD CLOSE IN RED IS DUE FOR SURE & MANY CHANCES OF IT HAPPENING WITHIN NEXT TWO TRADING SESSIONS.

Overall Mechanical Classical Pivot & 2 Day / 3 day Swing Indicator system is still on LONG position since close of Nifty Spot @ 2719 on 13-Mar-09.

As of today,
2 Day Swing SAR is at Spot 2923
3 Day Swing SAR is at Spot 2915
Today's S2 is at 2935

So, Indicator System will give SHORT signal only on break and/or close below Spot 2920 zone.

 

[Sunil]

The Excel file is attached with the third post of this thread. It is always updated on every Sunday.

File updated as on 29-Mar-09

 

[tradenifty]

thank you.

 

[TrendPlayer]

Sunil: Long time no posts..hope your are fine!

 

[thesaint]

Mr. Sunil
i m getting a new file getting downloaded its says 2652 modified with factor calculations and not your original excel file pls check it out and upload a new one

waiting for the new updated file