Trading Nifty with Camarilla Pivots...!

[columbus]

Trades on 15th

Thanks linkon7 for Camarilla Pivots with charts.
Last year ,I used to do the same ,without charts
for few months.
http://www.traderji.com/technical-analysis/22281-pivot-analysis.html#post193527
I agree with you that keeping Camarilla pivots as backdrop
one should trade with one/two indicators.

 

[linkon7]

The levels for 21st Dec are :

H4 : 5,029.10 --> buy above wt SL at 5007.95
H3 : 5,007.95 --> sell below wt SL at 50029.10

L3 : 4,965.65 --> buy above wt SL at 4944.50
L4 : 4,944.51 --> Sell below wt SL at 4965.65

 

[pundit]

Thanks Linkon 7 for all these posts.

May god increase your worth..

 

[linkon7]

The high of the previous 2 trading days are 5049 (18th) and 5068 (17th)
The low of the previous 2 trading days are 4972 (17th) and 5008 (17th)

If we get a close above 5068... then we buy Calls and carry them for the next day.
If we get a close below 4972... then we buy puts and carry them for the next day.

Intraday, we can expect these levels to act as major Support / resistance as a good amount of positional players use these as their stoploss. They will act as our trigger buy / sell for the day.

 

[linkon7]

Market opened between H3 and L3... so no trade initiated yet...!

 

[linkon7]

bot at 4966... cci divergence in 5 min...

 

[linkon7]

4975 is 50% retracement. so if that is broken..we can expect high of the day to be tested...

 

[linkon7]

exited 50% at 4983...

 

[linkon7]

 

[linkon7]

38% retracement for this rise is at 76...
50% at 72...

SL placed at 72 for the balance 50%...

hopefully we should bounce off 76...