Sunday, March 20, 2011

Camarilla levels for Nifty futures on 21-3-2011

Here are the day trading levels using the Camarilla method:
Resistance 1 and 2 are 5426 and 5457 respectively.
Supports 1 and 2 are 5364 and 5334 respectively.
Go long at any of the following:
Nifty futures kiss 5364 and start moving up or crosses 5426.
Add more qty at 5457 for targets of 5484 and 5512.
Go short at any of the following:
Nifty futures kiss 5426 and start falling down or cross 5364.
Add more quantity on crossing of 5334 for targets of 5307 and 5281.
Always follow the direction. Use strict stoplosses.

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