Spot Nifty and Murrey Maths ...26Jan2013

Spot Nifty and Murrey Maths…26 Jan 2013...

Nifty bottom say 2300

Nifty High say 6300

Divide this range by 8

Range = 4000/8 = 500 points

12.5% = 2300 + 500 = 2800

25% = 2800 +500 = 3300

37.5 % = 3300 + 500 = 3800

50.0 % = 3800 + 500 = 4300

62.5 % = 4300 + 500 =4800

75 .0 % = 4800 + 500 = 5300

82.5 % = 5300 + 500 = 5800.

100 .0 % = 5800 + 500 = 6300.

2300 roughly was the low for Nifty in Oct  2008.

(actual low as 2252.75 on 27.10.2008)

Dec 2011 low was 4530 did  break the 50%....

But opened with a gap-up above the 50% level of 4550….

June 2012 low was 4770 very near to 4800 (62.5 %).

But opened with a gap up above the level of 4800 (new range… upto 5300)

Now for range from 4800 to 5300 …

50% was 5050 , low made on 26.07.2012 just clipped it then recovery..

Now low made on 06.07.2012 was 5217 and close was 5228.40.

What happened next opened with a gap up on 07.07.2012 above 5300

Open was 5309.45 and closed at 5342.10, so breakout as per Murrey Maths Levels.

Now for range from 5300 to 5800 ..

50 % was 5550 ….

Low made on 20.11.2012 was 5548 (amazing coincidence….)

Low made on 18.12. 2012 was 5823 ..

Did not break 5800 …so hold on ..no problems…

Last range or Top Range is 5800 to 6300.

50 % level ….6050 very important level to watch…

Divide this range by 8 to get

Working levels for your trades..

500/8 = 62.5 points

So levels are…

5862.50, 5925, 5987.50, 6050…

6050 is the level above which one can be positive…

For targets of the top at 6300..

Above 6050 , we have..

6112.50, 6175, 6237.5 , 6300…

All levels on Spot nifty…

Happy Trading !!!