Camarilla Update : Nifty Spot : As PositionalThe L3 BUY@5515 could be hold as positionalif price close above H4 with personal risks.A day when L4 not taken after 15mins fromopen and L3 BUY gave good movements above H4is probably an indication of Reversal. Below H3Weak. Do your own studies.
Sir Ravinder Jadeja has just opened his demat A/c and is ready to buy Nifty above 5573 :P
so the ABC is out, time to think ZZ nowOptimal tgt for C = 5500 +133 = 5633
needs to close EOD > 5557 , for this view tho..
@Mr.Shriram,H4@5556 (+1) :D
@ JRJ:Just reinforces the faith, all paths lead to one God :-)
Yes Shriramji. I trust the same. :)
(v)th of the upmove from day's low unfolding.Likely to end around 5575-80 and correct either 38% or....
In bear markets, surpises come to downside
higher high and higher low seems to be order of the day3.30pm will be resistance
@master,5575-80 -- its above Jnsar. Would you recommend filter for JNSAR.? 5573+20= 5593.
@mastercan we take yesterday's jnsar for stop n reverse when higher t/f in down trend?thanks.
reliance may post its result tomorrow after markets closingmay post better than expected result as GRM may improve considerably also petrochemical products had seen all time high prices last qtrmy guess:on wednesday nifty may take clue from it and open with a gapup abv res of 5611ns(or sujata mam 5616ns)
Julius - azhagendra sollukku "Muruga" that's excellent photo.."appavukke ubadesam pannavar" "chinnakuzhandai sevadi potri" 5572-5544 gap cemented?? pocketed something..as this is impt. no. 5605 can do anything upto 5649/665 or else "damal down" :P :( better to be bit safe side
on hrly charts SBI makes double top, RIL makes triple top
@ sandeep bhoite,Aggressive trader(Intraday) would have gone long above 5523(D.Pivot) or 5537(W.Pivot).Conservative trader would have gone long either above 5544 or 5550.JNSAR trader must follow their own set of rules which is familiar to them.If you're proficient in EW, you may want to wait out till 5580-85.Thse EW readings of 2-min charts are quite challenging and could fail when waves start to sub-divide.
Thank You! Master.
@Sujatha,Yes. From all pics I like that so much.Happy about ur trade. Good One.Me partbooked hold 1/2 for tomorrow with EOD TSL.
Camarilla Update : Nifty SpotReached H5. Bye All.
Nifty future - 5618 is the main "key" below is -ve above will give some more short covering.. target not yet worked out...waiting for 618
Oops..Nifty future /5618/23 this 623 is impt. it's looks like profit booking area (if it comes) holding will give another +50 pnts short covering better to be TSL..one fast long jump pending??
Ns heading for 5645 as per:SaR Lvls (D.Pvt+Fib), use 15m.STOC to confirm: 5407 < 5473 < 5526 > 5579 > 5645 NS @ 5586.7 , at 13:20:39
Short term trend reversal will be confirmed today if closes above 5610.The way trend indicator is aligned in the charts, Nifty may see 5760 levels in coming days.
As 15m.STOC is overbought state, hence Nifty is reversING from 5579 towards 5526,
--> backMaster,Can 5th do a wave extn here holding 5557 (St.5DEMA) ?5544+1.618x (5568-5507) pts = ruffly 5640 ? is this a possible forecast
@ shriram,(v)th of vth has already done an extension. Hence, correction should be on. (If there's going to be an irregular correction, another high is possible.)
@mynacwellcomekuch zakkas laye ho?
Tks ilango ji,or can it be that (iii)rd has done 5506-5593 or, have we finished an IRREGULAR FLAT from 5478 ??What fits the Structural form, sir, from 5478 ??
Dear anm,ise Zhakas to nahi kaha sakate lekin...very frankly to say so that in down trending market when,NF O.I.is rising with rising DHEMA and precariously try to stay above JNSAR....would not be too good sign to accept...for any sharp up move...Let us see..
@ shriram,There is a possibility that an "abc" has been completed @ 5477 from 6112. Prices are yet to clear the channel resistance.The downtrend is intact till Nifty closes above 5555 this "Thursday"Hnce, 5544-55 would be crucial.(5539-50 are 61.8%-50%)
For any up move nifty needs consolidation in present range...i.e.5477-5600 for another 4-5 days is observation....and 5500 PE O.I./addition would guide for the same...Let us see..
Thank u master,Both nos. also happen to be 34EMA,30m & St.5DEMA
New Post Done.