Nifty is closer to the down trending channel bottom.
Holding lows @ 4935-55, it could attempt a retracing bounce for the last fall initially.
"5021-5061" are the 38%-61.8% retracement resistances.(Revise it if new lows made at open).
Notice in the channel how the earlier bounce from 5161 has facilitated for deeper falls from 5280.
Earlier bounce was an irregular flat. This could either be a zigzag or a triangle!
(My office "Net" is down since 2.30PM yesterday...hoping it'll be up this morning as promised by Airtel)
Holding lows @ 4935-55, it could attempt a retracing bounce for the last fall initially.
"5021-5061" are the 38%-61.8% retracement resistances.(Revise it if new lows made at open).
Notice in the channel how the earlier bounce from 5161 has facilitated for deeper falls from 5280.
Earlier bounce was an irregular flat. This could either be a zigzag or a triangle!
(My office "Net" is down since 2.30PM yesterday...hoping it'll be up this morning as promised by Airtel)
32 comments:
Good Morning Master & Friends
gm to all
Good morning.
+ve divergence in 9RSI and 14RSI seen.
One point to consider is even though rupee is near the
levels seen in december, nifty is trading higher at 4900+
instead of 4500+.
Also, can someone send me EE details?
Goodmorning Master and all JN friends
Wishing you a Great Learning and Earning session today.
Good Luck !
Good Morning Ilango Sir and Friends
RELIANCE and USDINR Monthly charts: CLICK HERE
Namaste Ilango Sir And All.
Good Morning Mr.Illango, My Beloved Master Mr.Dinesh Rishi & All Blogmates,
Have a Prosperous Day.
@NEW VISITORS OF THIS BLOG - FIND THE TRESURES INSIDE!
For Beginners
Tech. Table made easy.
JNSAR
JNSAR- a SAR Method
JNSAR for Options Trading
JNSAR with TT
JNSAR for good gains
Applied Technical Analysis
Trading with Discipline
Market Wisdom
@Ilango Sir.
To take position according to Hr.Jnsar we should wait
for Hr.close or when it hits the price.
Camarilla Key Levels
H4 5008 [BUY]
H3 4991 [SELL]
L3 4958 [BUY]
L4 4942 [SELL]
Note: when range between h3-h4 or l3-l4 below 20,
I consider reversal from entry to 20 points.
In such days H4 & L4 mostly play important role.
This situation will happen normally after NR4/NR7.
Yesterday NR4. Yesterday High & Low also important
Levels today for positional traders.
Namaste Ilango Guruji,
GOOD MORNING to YOU & to all members of JUST-NIFTY family...
good morning sir and all friends.
Pranams Sir,
Good Morning to All.
sir how do you calculate the retrecement point i mean
yesterday your point was from 5076 and today it is
5125.please clear the query sir.
Sir
In the trade table jnsar is wrongly mentioned as 5177
as i think one can take 5016 for today (yesterdays high).
am i right sir?
Good morning Gurudev and friends
Camarilla Intraday Update/Follow Up:
Now@Scenario 2
Resistance @ 21 Hr SMA (5035) & 61.8% (5161)
Good Morning Master and all blog mates.
Julius
ns is abv HL4...5008
but yet below HL5 5035
is it advisable to go short at HL5 with small SL??
plz advice how to trade near pt 5
Morning star in nifty?
good morning sir and all friends
DKG said...
Resistance @ 21 Hr SMA (5035) & 61.8% (5161)
Correction...
61.8% (5061)
Good Morning Master and copy to All
Msg from Bulls 2 Bears
http://www.youtube.com/watch?v=myqz0Alj6js
Read this article when you find some time. It may make you laugh at my follies of investing it may make you cry but it may also teach you some lessons: http://www.uttarakhandportal.com/2012/05/bhagvad-gita-in-action-in-my-life.html
DR sir,
Can you please let me know about EE?
Thanks,
merc9000
merc9000
Plz send me test mail for EE details
@DR sir,
Thanks for the msg to bears.
@Mr.STOCK4SURE,
The Original Camarilla Rules describes
4 Scenarios Only.
However if one not a 100% PURE CAMARILLA TRADER,
they can use ORB, Trendline, Other Technicals
to trade any direction!
But for PURE CAMARILLA TRADER 4 Scenarios Only!
New Post Done.
ns was up near 60 points from yesterday close but
SS in 5 min charts is below yesterday levels
but in bank nifty and midcap index its abv yesterday
lvls and hitting rooftop
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