Trading Nifty with Camarilla Pivots...!

[veekay304]

anyways as I have geojit platform which is 0.01% less than PIB and have batch order function, I do not trade PIB anymore. again I also have the papers ready for RK global where i intend to open account.

you mean brokerage..??

VK

 

[linkon7]

Today's cam levels are :
H4 :5,298.77
H3 :5,289.99
L3 : 5,272.41
L4 : 5,263.63

Floor pivot is at 5279

The average range for the last 4 trading session is just about 40 points. So such compression normally leads to massive expansion. Jan month normally gives a 5-6% move and we opened this month at 5225 and 5% of this gives us a tgt of either 5486 or 4963.

we still continue to make higher high and higher lows.
lows :
5210
5263.05

and highs :
5247
5295

 

[vinodkiyer]

geojit is 0.03% one way for intraday stck and 75 rs for 1 lot nifty one way

 

[veekay304]

Today's cam levels are :
H4 :5,298.77
H3 :5,289.99
L3 : 5,272.41
L4 : 5,263.63

Floor pivot is at 5279

The average range for the last 4 trading session is just about 40 points. So such compression normally leads to massive expansion. Jan month normally gives a 5-6% move and we opened this month at 5225 and 5% of this gives us a tgt of either 5486 or 4963.

we still continue to make higher high and higher lows.
lows :
5210
5263.05

and highs :
5247
5295

Good Morning

Is there any way to automatically download close-price of cash & F&O sscrips directly from NSE EOD.

VK

 

[veekay304]

geojit is 0.03% one way for intraday stck and 75 rs for 1 lot nifty one way

Like me,

time for you to look for RK GLobal as they offer Rs. 9/trade on stock and future trade....

VK

 

[linkon7]

Hi Linkon7
"Please note that "Adjusted Close" is used to find the pivots and not the LTP (Last traded price). "
Could you please let me know what is adjusted close......also from your posts you refer to last two days High and lows...what is that data for please ....is it connected to Cam levels and cam calculations

regards
sreenan

We find 2 important things from yesterday's high, low and adj. close. High represents the max price bulls are willing to pay, Low the max price bears are willing to sell and adjusted close represents where the fight ended.

Using camarilla, we find zones where the balance is tilted.

Floor pivot (high+low+close) / 3 gives us the balance point.

The reason we use adjusted close instead of the LTP is because, the last few orders are from the weak hands who have lost their nerve and exited at the last min. adjusted close gives us true picture since we need to find out where the battle ended yesterday.

the high of the last 2 days and the low of the last to days are just reference points. good amount of swing traders use this points as SL and we intend to capitilise on that.

 

[veekay304]

We find 2 important things from yesterday's high, low and adj. close. High represents the max price bulls are willing to pay, Low the max price bears are willing to sell and adjusted close represents where the fight ended.

Using camarilla, we find zones where the balance is tilted.

Floor pivot (high+low+close) / 3 gives us the balance point.

The reason we use adjusted close instead of the LTP is because, the last few orders are from the weak hands who have lost their nerve and exited at the last min. adjusted close gives us true picture since we need to find out where the battle ended yesterday.

the high of the last 2 days and the low of the last to days are just reference points. good amount of swing traders use this points as SL and we intend to capitilise on that.

But there seems to be very very little difference between LTP and adj.close for nifty may be 1-2 points and for small caps 0.1 points..

 

[mohhnow]

hi vk,
if u see yestrdy & dayb4, the opening values & so the Lows at NSE nifty where distorted by the 1st minute aberration. The actual practical Low was much higher.

 

[veekay304]

hi vk,
if u see yestrdy & dayb4, the opening values & so the Lows at NSE nifty where distorted by the 1st minute aberration. The actual practical Low was much higher.

Sorry Moh.. didn't understood much...

Please elaborate when you have time..

VK

 

[veekay304]

lagta hai ke aaj subah me subki bheja kha raha hum...:eat::eat:

Sorry guys..

thanks for your patience as well

VK