Using Pivot Points for Targets

When calculating pivot points, the pivot point itself is the primary Support/resistance.This means the largest price movement is expected to occur at this price.The other support and resistance levels are less influential, but may still generate significant price movements.To Calculate Pivots in MS Excel:.Column, values to enter, formulas U have to enterA = Company Name/dateB = OpenC = HighD = LowE = LTP/close*Volume is not required in calculation of pivotsF = Pivot Number = (High+Close +Low )/3 [u can also include "Open" Value also so it will...

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Glossary of Technical Indicators

Glossary of Technical Indicators Absolute Breadth Index Absolute Price Oscillator (APO)Accumulation Distribution LineAccumulation Swing Index Adaptive Moving Average (AMA)Advance-Decline Line Advancing Declining IssuesAndrew's PitchforkArms Index -TRINAroon IndicatorAroon OscillatorAverage Directional Index (ADX)Average Directional Index Rating (ADXR) Average True Range (ATR)Awesome Oscillator (AO) Beta2 Beta Coefficient Bollinger BandsBreadth Thrust Indicator Chaikin Money Flow (CMF)Chaikin OscillatorChaikin...

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Five Fibonacci Tricks

Five Fibonacci Tricks by Alan Farley Fibonacci jumped into the technical mainstream late in the bull market. Futures traders had it all to themselves until real-time software ported it over to the equity markets. Its popularity exploded as retail traders experimented with its arcane math and discovered its many virtues. Fibonacci ratios describe the interaction between trend and countertrend markets -- 38%, 50% and 62% retracements form...

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How Oil Prices Affect Consumer Spending

The price of oil has doubled over the last 12 months reaching almost $140 per barrel last week. How this boom in oil prices may affect global economy and consumer spending?To answer this question correctly one should try to understand the origin of the current oil shock. Indeed, the present surge in oil prices has been mostly driven by increases in demand from rapidly growing developing countries like China, India, and Brazil. Also, supply problems in Russia, Nigeria and Venezuela have accelerated the rise in energy prices even further. Since the...

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more pain likely....

Nandan Chakraborty, head of research, Enam Securities, said the call on interest rate right now is that it can get worse before it gets better."There is liquidiy in India and abroad but the liquidity has a huge risk premium and inflation element. That is why interest rates are going up. Whether it is inflation or currency depreciation, they are all going to get worse before they get any better for at least the next couple of months."So, is this the time to invest in the markets? Nandan says: "Absolutely not.. there is still a lot of uncertainty....

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How you can get good returns in bad times

Diversification is one of the most important principles in investing. The basic idea is simple: Don't put all your eggs in one basket, especially when the entire world economy is in turmoil. In other words if you invest in a wide range of assets -- stocks, gold, real estate, mutual funds, bank fixed deposits, government bonds -- whose prices behave differently, the overall risk of your portfolio will be lowered. That is, if stocks are not performing well, perhaps gold and fixed deposits will give you decent returns. There are many types of risk...

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The Great Indian Oil Trick

The under-realisation on fuel sales reported by the country's oil companies is overstated by as much as 15 per cent, according to experts, though this does not mean that the oil companies are making profits on selling subsidised petrol, diesel, cooking gas and kerosene."A part of the under-recovery calculations is notional. It does not actually exist," said a Delhi-based analyst, who advises the country's oil companies.The optimum or "desired" selling price is calculated assuming that the fuel is imported and then processed, transported and marketed...

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