Camarilla Update for 14th March

Stock name	Nifty	13th March 2012
Open	5,391.05
High	5,438.65
Low	5,391.05
Close	5,430.00
HL5	5477.944	Immediate upside target after Break Out	Immediate lower target after Break Out	LL5	5,382
HL4	5456.199	Break Out on the Upper Side	Break Out on the Lower Side	LL4	5,404
HL3	5443.099	Go Long above these	Go Short Below These	LL3	5,417

We open at 5491 which is above H4 (  even H5)

Scenario 4: Open price is above H4
-
-
To enter long position (i.e. To Buy)
o NA. Buying is not suggested in such scenarios.
To enter short position (i.e. To Sell)
o Wait for the price to go below H3. As soon as the price moves 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.

--------------------------------------------------------------
So we wait for the prices to go below 5443 and then short there .That is good 30 points below the current level 5473.
----------------------------------------

Updated at 11:45
So prices break 5443 and our sell generates with a 20 points SL at 5463 .