Trading Nifty with Camarilla Pivots...!

[bandlab2]

Tomorrow's cam levels are :
H4 : 5,225.85
H3 : 5,205.63

L3 : 5,165.17
L4 : 5,144.95

Previous 2 days high are : 5161.9 and 5209.95
previous 2 days low are : 4993 and 5136.4

regression channel points to 5141 as the shorting point, which corresponds to the 5145 level of cam. 5136, was the low of yesterday, so a break of that can take us to 5106...which is the 38% retracement. A fall below that can take us to 5073 (50% retracement) below which this whole up move is terminated.

Up side, 5205 is the last resistance as per cam, 5210 is the high of yesterday and cam break out level is 5225. beyond that is unchartered territory and can go anywhere.

5161 day before's high and 5165 (L3) seems to be the pivot for tomorrow. 5177 is the floor pivot.

my trades :
I would go long above 5205 and go short below 5144. In between this 2 levels, i'll prefer not to pick a direction.

hi linkon,

as pe camarilla, we shoul go long at L4. that is it goes below L4 an comes back, then buy at L4. but you are planning to go short. pl clarify

 

[linkon7]

hi linkon,

as pe camarilla, we should go long at L4. that is it goes below L4 an comes back, then buy at L4. but you are planning to go short. pl clarify

L3 is the last known support. L4 is the breakout of yesterday's range. So we go long at L3 and go short at L4. same applies to H3 and H4. We go long at H4 and go short at H3...

Maybe, your question was H3 is at 5205, so we go short there. Why am i planning to go long. 5210 is the highest high of this whole year. And i expect massive SL being placed between 5200-5210 by the bears in the last trading session. 5200 Put has massed up huge OI and that makes 5200 levels a stiff resistance for the coming 3 days. if we touch 5200, then chances are we will see much higher levels of 5250-5270-5320.

Incase its a failed attempt, then reversal will be wt double qty...

 

[linkon7]

No trade till now... market is flat... and unless i see a follow up to the breakout of the range (5185-5200)... i am not chasing that...

 

[linkon7]

which way r we going to move...
will the first move be a false one..just to trap a few desperados, bored of waiting on the sidelines...

 

[linkon7]

shorted NF at 5201..

 

[linkon7]

REVERSAL AT 5209...!

 

[linkon7]

reversal modified to 5218...!

 

[linkon7]

exited at 5197...
when in doubt, get out wala rule...

 

[linkon7]

long trigger placed at 5209 and short trigger placed at 5193...

 

[linkon7]

bot 5200 put dec at 27.. for protection...!