Trading Nifty with Camarilla Pivots...!
- Thread starter linkon7
- Start date
- Tags camarilla pivots cci day trading loser linkon7 nifty
today's cam levels are :
H4: 5,292.67
H3: 5,279.51
L3: 5,253.19
L4: 5,240.03
We finally made a close above previous 2 day's low.
Yesterday's low 5245 is important and a close below this can take us to lower levels.
the high of the last 3 days are 5295, 5303.25 and 5293. These levels have been acting as the supply zone and a run past them will ensure we see higher levels.
Yesterday's range was 47 points. The average range is collapsing and this points to a big move soon. Options players can opt to buy 5400 call and 5100 put and hold the strangle for the next week. A 5-7% move is op the cards, so either direction can ensure the pair is in profit.
SGX gave us a high of 5289 and a low of 5261. So a break of this range can be the direction for today.
H4: 5,292.67
H3: 5,279.51
L3: 5,253.19
L4: 5,240.03
We finally made a close above previous 2 day's low.
Yesterday's low 5245 is important and a close below this can take us to lower levels.
the high of the last 3 days are 5295, 5303.25 and 5293. These levels have been acting as the supply zone and a run past them will ensure we see higher levels.
Yesterday's range was 47 points. The average range is collapsing and this points to a big move soon. Options players can opt to buy 5400 call and 5100 put and hold the strangle for the next week. A 5-7% move is op the cards, so either direction can ensure the pair is in profit.
SGX gave us a high of 5289 and a low of 5261. So a break of this range can be the direction for today.
That's because we have a inherent problem of distrust of what we see on the charts and give importance to what we believe. Our belief comes from crowd mentality. If 10 guys were instructed to tell me that my left arm is shorter than my right arm, I will believe it and go for a medical checkup. If the doctor says they are perfect, I'll go for a second opinion...:lol:
Last edited:
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