Good Morning Everyone, Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.Camarilla Keylevels - Nifty SpotH4@5723 ↑H3@5706 ↓L3@5671 ↑L4@5654 ↓By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Map.Scenario#1Rules for the paper trader/Learner:SL: 20pts ~ Partbooking: 1:1 ~ Remaining TSL using Trendline/ Moving Averages in Lower T/F.
dear Ilango,5711 the 80% of last fall has resisted in the morning and still holding?
Sir - thank u very much. request you to post the "actual OHLC figure of nifty future" after EOD. tks n advance.http://en.wikipedia.org/wiki/Nasadiya_suktacourtesy and thanks to - KPL-ji
Weak below "5687"
sir can it be a triangle type correction ?a,b,c,d done and e is on?
Master thanx for reply, Master , a request kindly include Pivot calculation data in ur TT Excel file it help alot me Also 21hr sma & 35hr sma in TT excel file.
@masterwhen to confirm 4th complete and 5th started?above 5711 or 5719?how come u derived 5687? thanks.
sir or other possibilities A is completed at 5669corrective B is on as triangle correction?
Master, 5687 is 10 am hr pivot?
Camarilla Update : Nifty Spotpersonally I am in H3 aggressive sell with tight SL.If Price touched 5714.5[Midpoint of H3&H3] thenconsider scenario#2
Sir - do you think 5738 will take out today as per "EW' if so mkt should show 5795/5846 is this possible before expiry or month end closing? Any EW chance for this figures??
@Sujatha,நேத்து மாதிரி ஒரு மந்திரத்த போடுங்கப்பா.30நி கேண்டில் பாதகமா இருக்கு. பாக்கலாம்.
@prakashbkc5687 is 80% of 5711 to 5681.
It was suggested:Till 5735, it could still be 5735.4.c may have been done @ 5682, and the vth is on."5687" is 80% of last rise from 5682 to 5711.
Julius - think...it will grind and give in the noon looks like "for our lunch" "velakkannai" kudicha mathri irukku :P :( (neenga kudichi irukeengala chinna vayasala?? yen patti romba strict.) yearly holidays vanthal pochu
Today again BN taking the lead, Nifty should follow suit
@ Sujatha,I would know more details only "as the prices unfold".Yes..there is a possibility of reaching 5800 on settlement day. But it has conditions of making a new high, the major 2nd/b wave ending within 10 hours, holding 5650, etc.
Dear Ilango Sir & Blogmates,OI Table Update at 11:00PM, Pivot-5698, S1-5662, R1-5730, ATP-5710, VWAP-5710The PE writers are right now in control with 5700 level being the Pivot for the time being, Longs look safe right now…Thanks & Regards
Weak below "5698" from now.80%-5719 reached.Strength above 5719.
@ Prakashbkc,Just select the number of close values as your time frame using shift and arrow key and you will get the SMA right at the bottom of your excel sheet.EG : you need 21 SMA :Highlight the last close value. press shift and count 21 rows upwards you will get the avg right at the bottom. Hope that helps. Better than adding another column to the sheet.
probable First set of 5 wave done from 1808 for bajaj auto : Click here
seems bulls will take control of nifty now after intradaystrong addition in 5700pe indicating strong support at 5700some unwinding in 5700ce also is justifiedbut some unwinding in 5800ce and 5900ce is indicating bulls are knowing something that will be coming in later part of day as owise at this time of expiry and price near 5700 huge writing would have taken place at 5800ce
Stock4Sure / shriram,Pt. 5th of WW in the making.. on NS/BN.. and 6th will be doe around 5630 / 11700 or so... Do u subscribe to this view. Rgds,Navnit
Camarilla Update : Nity SpotPersonal trade H3[SELL] Stop hits.CMP@5721.20Scenario#2H4@5723 ↑ can modify as H3@5706 ↓ can modify as Rules for the paper trader:SL: 20pts ~ Partbooking: 1:1 ~ Remaining TSL using Trendline/ Moving Averages in Lower T/F.
an expanding triangle developing in ns 5 min 3 day chartstodays boundary T/L res and supp at 5755 or 5645
Hello Sir,As per your below comment , which scenario is currently working? Kinldy advice.Thank you..----------------- Ilango said... @ prakashbkc, There are two possibilities at work now: A. If the correction continues with a complex 4.b, then Nifty could move higher to 5720-35 zone and retrace to 5665 or lower for the day. B. Holding around 5675-85(incase of a fall now) in the next hour, it moves higher in its 5 th wave.
I feel its a Scenario A in work.. so that is it fruitful to go short at 5730-35 with around 10 point SL(5745).? Kindly guide.Thank you.
Ilango Sir61.8% retracement of 5971.2 to 5477 comes at 5782. 50 DSMA at 5773And since this is EOW as tomm. is holiday WHEMA is at 5746 so +20/30 will fall at 5766-76 so can we consider 5766-82 to be one major resistance?please guide.
One New high brings -ve div. on hour.
@ Tushar,The pref. view is as per the chart posted in Pre-Market view that 5th wave unfolds presently.Negation point would be 5705 presently.80% of 5732 to 5669 has been crossed is another confirmation of 5th.However, it could also be a flat.(5 could be relabelled as 3 though we take the most obvious looking one, the 5). If it is a flat, it will show weakness around 5730 zone.
s4s-shriram, - ww in 5 min target 5670?
Thank you very much Sir for your guidance.
@vksonii guess ns now at 5727 may take supp near 5708 and then may move again towards 5735
Sir - thank u very much..sometimes irritating market..future giving me 5775/800 + 100 to 150 too .. better i hv 2 stay away sometimes Julius - வேணாமப்பா வேணாம் இந்த" நாற்பத்தி ஏழு ஐம்பத்தி ஏழு நம்பரு" அது கரடிய நல்லா கவுக்கும் மேட்டரு ..hehe
New Post Done.
GM Master & JN Family,Res to note now St. MnEMA: 5743 & St.WkHi : 5753 , +,- 20pts filterLets c Oscill & OI clues there