DISCLAIMER
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