Camarilla Lvls for 15th March

We opened at 5467 ...Which is between H3 and L3

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Stock name	Nifty	15th March 2012
Open	5,491.00
High	5,499.00
Low	5,438.00
Close	5,463.00
HL5	5524.28	Immediate upside target after Break Out
HL4	5496.487	Break Out on the Upper Side
HL3	5479.743	Go Long above these
LL5	5401.72	Immediate lower target after Break Out
LL4	5429.513	Break Out on the Lower Side
LL3	5446.257	Go Short Below These

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Scenario 1: Open price is between H3 and L3
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To enter long position (i.e. To Buy)o Wait for the price to go below L3 and then when it moves back above L3,
buy.
o Stoploss should be placed when price moves below (L3+L4)/2.
o Targets : Target1 = H1, Target2 = H2, Target3 = H3
To enter short position (i.e. To Sell)o Wait for the price to go above H3 and then when it moves back below H3,sell
or go short.
o Stoploss should be placed when price moves above (H4+H3)/2.
o Targets : Target1 = L1, Target2 = L2, Target3 = L3

----------------------------------------------------------------------------- Now that we have gone below L3 which is at 5446 ...now we wait for the prices to move avove 5446  , if that happens we buy with SL= 5438 and T1=H1=5470 ;T2 =H2 5475 ; T3 = H3=5479.