Camarilla Intraday Update/Follow Up:Primary Target L3@4958 Reached.Part Booking is advisable here.
It could pause around 4950 for an hour as it seems to be completing a 5 from 5039 to 4954.
Camarilla Intraday Update/Follow Up:Now@Scenario 3L3@4958 (BUY can be initiate ONLY if New Higher Low formed)L4@4942 (SELL)*Normally L3 & H3 reacts as Intraday Trend Reversal.
@GKM233Now 5013 is a huge barrier
4956 gap filled, gaps remaing are 4544,4637,4743 and 4874.
PT, this is not done the ball was in ur court and u didnot catch it.now again someone will have to throw again☺
For all 34EMA, 30min traders...wot a perfect sell trigger @ 13:00-13:30 hrs :-)5-10HrEMA also with a -ve X-overDeveloping 5DEMA firmly wid -ve dy/dx... lets c if 4940 holds,else its a fall to 4864 on cards !!
powertrade ji,i find maximum similaritiesin 2008 and 2011-12 fall, therefore i playaccording to that with gap theory.so 5194 gapto be filled.
38% & 50% of 5039 to 4954 fall are: "4986 & 4997".
bullish WW developing in 5day chartspt 5 may form in 4950-4930 range and then may move up towards 5060 in next 2 days
Only strategy after the break and couple of days close below of 5078.Be a hutch dog!You and I, in this beautiful world!Never lost yourself in the scalping. It’s like fighting for the peanuts with the waiter in the bar when entire feast and unlimited beer is offered!
Those who missed download of Camarilla Ebook Click here toDownload.Hope I don't violate Blogs rule,by sharing the link.
everybody knows 4950 61.8% retracement and mktwill bottom out from here, now with this assumptionbig players can easily trap bulls.
Bank nifty still not breached yesterdays low...
@PArminderOnce the dip Buyers vanish .. Market will fall by its own weightand deteriorating indian fundamentals
@SujathaI leave to you please break BN :)
5000 ce low 83.505000 pe low 83.30
a 4954-4983, b 4983-4968, c= a 4997, matching 50%?
Anilजहा तेरी यह नजर है मेरी जा मुझे खबर है steam is less :D
Juliuswt i do if it reversed from L3 is that i cut my short if not go long
POWERTRADE Sir,Thanks for your reply.I am also blind follower of thisblog.I read and learn by wearing green lables spectsonly.I am sorry if you have inclination for my straitasking.
@DR:)Nifty trying hard to overcame above todays open - 4984.15
@Harish JeeNo Way sorry ... I will share definitely .. Dont be sorry plzz :)
@Master: Can we assume mild strength only above 5984 because that is where nifty reversed from rise from 4953. Also, 4950 is still not breached. It resisted yest's fall 2 times & today's one. But the bearish look to it is that today's low is lower than yest's.
Ilangoji 38% done.
Nify in clearly in discount after long time
@DR Sir/Sujatha Ma's: why is BN in such a huge discount of 50+ pts? Usually the discount conveys the weakness in the underlying.I am scared to see your downward tgt.
wish for small upmove towardsbank nifty 9480nifty 4994
DR-ji - yeah steam is less.. hence "index" didn't whistle but my cooker did :)PT - According to my "useless observation" it has to touch but very much dancing like "prabhudeva" in 360 :P :( master has to give clearance for this
Sujatha mam, Will BN btreak downside i.e. yesterday Low?
Mam, BN lower target ? thanx in advance
In downtrend, if prices go above previous day high but could not sustain and slips below day pivot – SELL and hold till it clears the 2day high. Message from the market is BULLS failed.In uptrend, if prices breaks down previous day low but bounces back above day pivot – BUY and hold till it clears the 2day low. Message from the market is BEARS failed.If you are a mechanical trader, above scenario adds strength to the position in hand.
Prakash - ji - i hv given 9025 but no confirmation from BN master DR, or sir and kumar sirso I am requesting you "dont follow me" i am a swift game changer
@SujathaTomorrow is friday .. so why to worry :)
green spot may appear now
If it was not for DR sir, I would have gone long on BN today at 10500 with 10450 as SL. Thank you sir. @Master: As per your pre-mkt advise, even though nifty broke down from its high of the day, it has still not broken 4950. So does it mean that we are yet to see the bounce (upto 5060-5125 levels as you mentioned) or did we already see the bounce which did not even last above 5035 & we are now in the downtrend.
Master, there is still sell on rise or wait?
PT - :) :) let it be "FRY DAY" that too deep fry like our "vada" Can anybody send me Last One year Bank Nifty future level to my mail id or our "group" Last time one of our friend has sent me "from october" very poor memory..i forgot his name..please brother don't mind send me "last one year data" i will revise onceagain any "No is available" before 9025. thanks a ton in advance.
@Master,On hourly chart is it a ending diagonal?
IT index and midcap index are at res of 55ema in 5 min chartsnifty and bank nifty near itsir,can nifty be shorted near 5000ns
@ nanjilthat also seems like good point to test & rebuy resell entry
@SujathaAnd i will have a Chettinad Idli tooo :)
4990 done so now the fall again
Ilango Ji and others,Could another possible count be that Wave '3' completed today with sub wave - 5 from 5039 to 4953... there are lot of divergences getting formed with this new low today and I somehow feel we move up now..
So far, every rise has been sold into. And we maintain sell on rises.
@ NanjilWell said Nanjil
check rajib's P&F charts and ramki's views on wavetimestheir views gel well
@Ilango Sir,Ameeen :) :)
PT - :) sir "declared" verdict..May "devil" bless europe and US mkt closing prayer OMG - Please gaaapppppppp downnnnnnn Tomorrow Kumar sir - thanks for today's gap up and advance thanks for "tomrow's gap down" :)
i want to see bottom is near sir and how your method works, but i will not go long anyway.
nifty has made an outside day does this has any relevance in current scenario
today nifty made a lower low buy india vix didnt made a higher high
Chhoooooooooo sweeeeeeeeeetttttt nifty break BN too
i can't understand one thing of master, bottom isnear and every rise sold into????
@ Sujata SisterTommorow is Black friday May 11 !!!remember 2004
@sujathaMaster has said and today we are set to break the last support of 1340 in S&P ..
@ gkm223It means every rise used to create Re Sell ..
Pt now again ask master for powerso to end at days low☺
Now the need of the hour is to just sit tight with shortsand wait for the next 17 hours :)
4950 Gone !!
ParminderMaster is powering since 5317 :)
@ PT,Why this 17 hours??
DKGMatter of time as we are set to open gap down tomorrowremember major supports and resistances are conqueredthrough gaps :)
if u don't follow the rules of the game,the master(mkt) punishes YOU.
@DKGTill Maret opens tomorrow morning
Statistical bazooka to SHORE up or TA armoury ;-)Developin 5DLEMA = 5020 Delta = CMP-5020 = 65 pts...Distribution Mean = 70 pts , 65 pts falls within 1 Std DevAlso.. we have supports @ 4940 ... Statistical Probability of Hr bounce is HIGH in this zone 4940-4955 !!!
Sir,When Signal Close below HLema we sell and hold. how many points we can wait safely.kindly answer Sir.Thank you Sir.
4950 supports repeatedly tested yesterday and today.Holding.
Just for fun only…
@ Master Low Made 4951 ,, Completed 61.% of ( 4531 to 5630 ) Is this only a pause or end of correction ??
hello to allsome days back some body talking about live data in excel. i down load it but it ends download whole day it works only for first two hours daily. can anybody sent the link which is run for whole market time.thanks in advance.
@ Kumar Sir,We will be closing for three days in a row below 200DMA, also bearish cross of 5/200, Still 4950 relevant?
Dear chetas!Ya, its still relavant. But bulls getting weaker day by day bcoz supply coming in every rally, close below 4950 may be game changer:)Dear Sujatha!Bank Nifty will give you SAMBHAR BADA PAO everything when it will close below 9350:)
looking at a/d ratio, looks like a gap up.
Tomorrow will be an attempt to conquer 5046 NF. My views
Ashish Agarwalwhat A/DI think D > A
Camarilla PerformanceTrade1: From H4 BUY@5008 Gave 30 Points (Aggressive)Trade2: From H3 SELL@4991 gave 33 Points(asked to book@L3)Trade3: From L3 BUY@4958 12 Points Profit(Aggressive) Trade 1 & Trade 3 aggressive (Before confirmation of Trend)So lets ignore that profit in performance report.Today Profit = 33 PointsFrom 02/05/2012 to Previous day Profit = 223 PointsTotal Profit = 223+33= 256 Points.
Friends, See you tomorrow.Bye.
J.R.JuliusCamarilla ExpertPlz maintain a trade record sheet on your blog
Kal ka kal dekhenge ab dophar ki zzzzzzzz :)
D/A chaado ji, there is only one DR here ;-)EE done, Bye all !
@Mr.Dinesh Rishi,Thanks for your kind Message.I will do it sir.
waiting post market comments,masters net must be down, he told in morning.