Staying below 5340, more lows...5279-LL3,5250WLEma or even 5220+-50Dma.
= = = = = = = = = = = = = = = = = = = = ==
From a reader: This mail is again to reiterate the fact that your suggestion of trades based on the camarilla study is partly not right. I would request you to personally observe the system for few days or at least do a back test to understand how the price reacts when it reaches H3 or L3. Price won’t clear these levels with ease but mostly get resisted or supported respectively at H3 and L3 (makes a whipsaw by just 1-5 points). As stated by you, If a buy is taken at H3, it’ll mostly come to L3 to hit SL and if you sell at L3, it’ll mostly hit the H3 i.e stop loss.
Right way of trading camarilla is,
Sell at H3 – SL H4
Buy at L3 – SL L4
Sell at L4 – SL L3
Buy at H4 – SL H3
= = = = = = = = = = = = = = = = = = = = ==
From a reader: This mail is again to reiterate the fact that your suggestion of trades based on the camarilla study is partly not right. I would request you to personally observe the system for few days or at least do a back test to understand how the price reacts when it reaches H3 or L3. Price won’t clear these levels with ease but mostly get resisted or supported respectively at H3 and L3 (makes a whipsaw by just 1-5 points). As stated by you, If a buy is taken at H3, it’ll mostly come to L3 to hit SL and if you sell at L3, it’ll mostly hit the H3 i.e stop loss.
Right way of trading camarilla is,
Sell at H3 – SL H4
Buy at L3 – SL L4
Sell at L4 – SL L3
Buy at H4 – SL H3
Most of the Indian website/blog/forum write-ups about camarilla are not clearly written or not perceived it rightly. I have read one write up written by Saurabh gandhi which is precise as he has written it with his personal experience.
= = = = = = = = = = = = = = = = = = = = = = = = = = =
Readers who received "Saurabh Gandhi's write up" through Dinesh Rishi in the JustNifty group may read it well and take the right decisions.
66 comments:
Good Morning Master Ji,
SGX Trading @ 5337.50 with open/high/low so far @ 5358/5371/5337 respectively
Namaste Ilango Sir & Blogmates,
Budget Day passed and neither the Bull nor the Bear took control-Status Quo Maintained: Option Analysis for 16-03-2012
Yearly, Weekly & Monthly Profile Charts and Values
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Good Morning Master & Friends,
Good Morning ilango and Everybody
Good Morning Ilango Sir and Friends
Nifty weekly chart analysis: CLICK HERE
5200 PE witnessed unwinding?
Good Morning Master.
@Sanjay Sir: Your blog says "Put option 5200 at 72.6 lacs & 5300 at 63.1 lacs."
But NSE site says OI for 5200 put is 94 lacs & 5300 put is 68 lacs.
Can you pls correct me if I am wrong..
Namaste Ilango Sir and JN Family
Daily JNSAR -> 5370
Y-Close -> 5318
Current JNSAR trade direction - Short/Sell mode.
NS values above prev. Close from JN-TT
======================================
5329 - Wk JNSAR
5330 - Month Pivot
5337 - Hr-LEMA/10-DMA
5338 - 5-WEMA/0.236% retr of fall from 5445 to 5305
5342 - D-LEMA
5351 - 21-DEMA
5355 - 5-HrEMA/0.50% retr of Raise from 5171 to 5499
5356 - D-PIVOT/ CAM HL3
5358 - 0.38% retr of fall from 5445 to 55305
5362 - D-J10SAR/13-DEMA
5364 - 5-DEMA
5370 - Daily JNSAR
5374 - Wk PIVOT/Hr.J10SAR/0.38% retr of Raise from 5171 to 5499
5375 - 0.50% retr of fall from 5445 to 5305
5390 - Hr.JNSAR/5-DMA
5392 - 0.618% retr of fall from 5445 to 5305
5393 - 20-DMA
5395 - CAM HL4
NS values below prev. Close from JN-TT
=================================
5318 - Hr.Pivot
5296 - 0.618% retr of raise from 5171 to 5499
5279 - CAM LL3
5267 - Wk-J10SAR/Daily S1
5258 - 0.736% retr of raise from 5171 to 5499
5248 - Wk-LEMA
5241 - CAM LL4
5237 - 0.80% retr of raise from 5171 to 5499
5233 - 55-DEMA
5227 - Mn-J10SAR
5220 - 50-DMA
5218 - 0.38% retr of fall from 6339 to 4531
5216 - Daily S2
5212 - 0.38% retr of raise from 4531 to 5630
5209 - Mn-5EMA
5177 - CAM LL5
5168 - 200-DMA
GDP:
G=gas
D=diseal
P=petrol
all will rise
@Prabhat,
72.6 & 63.1 lacs OI for 5200 and 5300 Put for current month series is the correct OI values as per 16th Settlement.
Please let us know where you are looking the values you specified?
Pranams Illango Sir,and Good Morning to All
Good Morning Sir and all blogmates.
Have a great trading day.
Thanks
gm everybody
@Prabhat,
It seems you discovered a bug in NSE option chaing derivatives display.
From NSE Home page, tried Option Chain->Equity Derivatives(which displayes the current month series and 5200/5300 put values shown are as per settlement)
But if you change from current series to April series from Expiry date select box(which will now show April option chain) and return back to current month(March), then the OI Values shown for
5200/5300 are 9449400/6802450.
Goodmorning Ilangoji and friends. Thanks Prabakar for helping fellow JNtians in your own way, which makes thinks simpler.
Thanks Badri. I am happy if it is helpful.
nseindia.com home page shows wrongly. but you click on the actual link, you will see put unwinding
also lot of open interest addition in nifty futures with fall in price indicating short buildup
good morning master and blogmates
good morning all. is hangsang is green? anybody. thanks.
Namaste Ilango Sir and fellow bloggers
LV
i know when to buy naked options.
can anyone guide as when to sell
naked option: under what conditions/
parameters.
thanks
Namaste Ilango Guruji,
GOOD MORNING to YOU & to all followers of JN...
Gaureshbhai,
No one can know what the outcome Of spending years together will be. Being happy together is a gift, And enduring love is the key.HAPPY MARRIAGE DAY
KKay
@Prabhakar: Yes, so how do you check the correct values?
How I check - nseindia.com -> Derivaties -> nifty -> option chain.
@tadhutabukalu,
Hang Seng is up by 30.15 points or 0.14% as of now.
@Prabhat,
I check the OI values using EOD F&O Bhavcopy file.
Good morning. Have a great day.
Dear Prabakar and Prabhat,
Normally the Option Chain is not updated at EOD, but my values are from Bhavcopy which is updated and correct.
Thanks
Namaste Ilango Sir And All.
Good Morning sir and Warriors
Good Morning
@ suresh
Rightly said NICE.
Good morning sir and all :)
Today is our "Gauresh'ji's Wedding anniversary.
Wish you and Mam Happy Wedding Anniversary. May GOD give you full of joy, happiness and peaceful in throughout the life.
My pranams to both of you.
Warm regards
Good Morning Master and all.
Fantastic Prabhakar sir
Dear Gauresh Sir,
Wish you and mam a Very Happy Wedding Anniversary.
With Best Wishes,
Prabakar
Thanks Ilango :)
@Gauresh bhai,
Bus ye khushiyan kayam rahe ... aur aap ki zindagi mein bahar kayam rahe ... Happy Wedding anniversary
@Experts: Is there any place where we can check live OI values?
Staying below 5340, more lows...5279-LL3,5250WLEma or even 5220+-50Dma.
Stayed below 5340 at the open.
"5279"-almost done.
@Ilango Sir,
Bank Nifty please ??? Downward Level ????
Prabhar ji
All in nutshell.Thanks
Now the statements should read like this for immediate scenario:
"Trading below 5356-Day Pivot, S1:5267"
"Trading below 5374-Week Pivot, S1:5249".
Resistances in the zone of Pivots.
Good morning and Thank you Master and Seniors for all the inputs and guidance.
@ PT,
I'm not monitoring BN. However, this bounce if limilted to 10525-550, it will make new lows around 10200/10100 for the day.
@Master: What is happening? The trend is so very down, 5200 is just 100 pts from the spot, nifty is in red, but still 5200 put premium is not increasing. In fact even 5300 put is in & out of green. If trend is down & bias is also -ve, people talking about 5100 - 5000 to hit, I am not able to know if this is a bear or bull trap?
Gauresh Sir,
Happy Wedding Anniversary...
Good Morning Master and copy to All
Gauresh
Best wishes to you both on your anniversary,
May the love that u share Last your lifetime through,
As u make a wonderful pair.
Happy Wedding Anniversary
@Prabhat - so one thing is clear u too becoming like me :D except "trading" watching and thinking something else :)
@Gauresh
Happy wedding Anniversary...
to u and mam too...
also the silent work u r doing, in form of daily levels
given by u, is much useful...god bless you...
master ilango and friends
good morning to all
Hi gauresh,
No one can know what the outcome Of spending years together will be. Being happy together is a gift, And enduring love is the key.
wish u Happy anniversary.
Anil - what's ur view for today..don't "repeat: the Q to me :) people will kick me out
@Gauresh Sir.
Wish you and mam a Very Happy Wedding Anniversary.
Gauresh ji,
Wish you HAPPY wedding anniversary
Kaka-kaki 's anniversary...many many happy returns of the day, very very happy wedding anniversary
@Sujatha Ma'm: may be you are right.
@ Sujatha Madam
My SAR doesn't hit, but target hit.
You know about bullish golden crossover ?
When it will confirm ?
@Sujatha
level wise breach of again 5295 will visit 5198 level,
breaking it also then 5127...
on upside resistance at 5376, so any rally should get
capped there,i will try long only above this,rest
i am bearish..why..??
all my momentum in higher time frame, like hourly and
daily turning down...
for nifty future...
on upside 5404-damn resistance level
breach of 5318, 5230/5153
5303 NS early alert...
New Post Done.
Morning Illango ji & all JN Family
keep an eye on 34 EMA , 30mins in google & trade like a dream :-)
cheers
reposting - We are potentially forming a set up that will take us to 6000 levels on nifty by End of year....on chart i am seeing a"W*(double Bottom) " pattern which means we will be testing 5200 levels once again in this down trend and then move up gradually and go right up to 5600 levels...then break it past to go up to 6000 levels(which is 400 points from 5600 -5200 in the W pattern formation)....also fundamentally this likely to support since RBI will start cutting rates and earnings will improve in the coming few quarters.. I WILL CLOSELY watch strength of bears near 5200 levels and with stop of may be
150 points go long for target of 6000 by year end...Happy trading!!
Hope the Moderator of this Blog Don't Mind.
I wish to share one of my CAMARILLA Approach.
If L3-L4 or H3-H4 Range Below 20.
After Short/Long SL&Reversal@20th Point
If L3-L4 or H3-H4 Range too High
SL@20 Points Reversal ONLY@CAMPIVOTS(H3-H4-L3-L4).
*As Per Original Rule of Camarilla You can take
Chart Important SUP/RES or ORB in between
CAM PIVOTS (H3-H4 or L3-L4) for SL.
*Profit Booking/Partial Booking can be Done based on
Trendline.
Click Here to Download - Camarilla Ebook!
One More Tip for Camarilla Trading:
If u wish to trade in futures calculate the levels
with EOD data of futures - Trade with that levels.
Don't use Spot/Cash price to trade according in
futures - Premium/Discount Traps are there!
Good Luck.
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