NIFTY may go below 4950 before go beyond 5147 level, so square off 50% of your position around 5045-5060
If today's low hold then Resistance level for existing swing exists around 5045-5060 level Beyond 5060 NIFTY will go up to 5081-5087
If NIFTY not able to reach those resistance level then use camarilla calculator for hourly levels & square off your 50% of your position b/w R3-R4 level
for ex: Hourly levels for 9-10am is HIGH= 5026 Low=5004.25 Close=5020.95
Using these levels in camarilla calculator (link just above my photo) you will get R3=5027 & R4=5033 (which is selling level) and S3 = 5015 & 5009 (which is buying level)
Keep it in mind these levels are applicable till 11am(i.e only for next hour)
All the content mentioned in this blog is my personal journal and should not be taken as a trading advice. Please use the content purely for learning purposes. I may or may not be holding any positions in the stocks/contracts under discussion. I will not be responsible for your profits or losses
Sir,
ReplyDeleteWith the world markets in jittery ,if nifty opens @ below or near the U turn level 5051 whether to buy
Thanks
Bala
Bala,
ReplyDeleteBuy NIFTY around 5040-5051 level with SL-5023(closing basis) TARGET 5181-5220
All,
ReplyDeleteIf NIFTY breaks 5000 level then BUY around 4930-4940 level SL-4900 level(as closing basis)
I am expecting V-SHAPE recovery today.
Don't panic @ lower levels...
(Today better opportunity for quick money )
This week we will hit 5181-5200 level for sure
This down move will come to an end by tomorrow afternoon around 4900-4940 level.
ReplyDeleteBe patient & play safely
Hello Mr. Kumaraguru
ReplyDeleteI am SRYAS D Murali from Chennai.
Glad to chat with you.
I am holding Nifty at 5090 Shall I hold it for this week.
Kindly reply.
Hello Mr. Kumaraguru
ReplyDeleteI am SRYAS D Murali from Chennai.
Glad to chat with you.
I am holding Nifty at 5090 Shall I hold it for this week.
Kindly reply.
NIFTY may go below 4950 before go beyond 5147 level, so square off 50% of your position around 5045-5060
ReplyDeleteIf today's low hold then
Resistance level for existing swing exists around 5045-5060 level
Beyond 5060 NIFTY will go up to 5081-5087
If NIFTY not able to reach those resistance level then use camarilla calculator for hourly levels & square off your 50% of your position b/w R3-R4 level
for ex:
Hourly levels for 9-10am is
HIGH= 5026
Low=5004.25
Close=5020.95
Using these levels in camarilla calculator (link just above my photo) you will get R3=5027 & R4=5033 (which is selling level)
and S3 = 5015 & 5009 (which is buying level)
Keep it in mind these levels are applicable till 11am(i.e only for next hour)
Safe trading
@ sryasdmurali
ReplyDeleteBeyond R4 & S4 it's one side move for that hour with R3 & S3 as stop-loss
After square off your 50% of r position, you can BUY @ lower levels around 4940 level by tomorrow afternoon & average your position
Hourly close above 5042 will be BULLISH
ReplyDeleteU-TURN level (hourly) @ 5033-5042