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past short term calls follow-up/performance***(stocks to watch)

date,stock,reco price,high,% gain at high

***all analysis are based on self chart study only, actual trading gains may vary.
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    Friday, August 7, 2009

    07th aug 2009...



    posting the nifty spot support resistance chart again after 23rd and 28th july 2009. caution was advised in the 4th aug 2009 post also.

    nifty rsi and price brks on short term downside after encountering supply near 4700. shorting opportunity after brk below 4660 and 4630. yday's closing is a bit weak, if continues downmove say below 4570, the next lvl where support can come is between 4380-4480. these can be seen from the chart above.

    2 comments:

    rajamani said...

    hi abhay,

    i have recently found that u have added camrilla calculator could you kindly elaboarate how to use the levels

    regards
    rajamani

    abhay r somkuwar said...

    rajamani ji hi,
    some traders do swear by the camarilla lvls for intraday or any timeframe charts for trading purposes.

    some links on trading strategy and some examples using these pivots:
    http://www.camarillaequation.com/trading-camarilla-equation.html
    http://forexbeginners.net/pivots/camarilla-equation

    profit taking lvls after h4 and l4brkout are h5 and l5 or any other daily pivot supports and resistances.

    regards,
    abhay r somkuwar.

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