Elliot's Impulse waves.(Part-5)
IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
26 comments:
Dear Sir,
thank you very much.
Hi aarvee9,
u said:
tgt 5350/5500
intraday sl is 5100 when nifty @ 5200 is it possible FOR INTRADAY?
weekly sl its 5075 [It is ok(for positional) as it is 5 ema]
monthly sl its 4930 ,for longs (quite absurd!)
as positional long is created above 5010 (@5015) & exp at dec 31.
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We r just discussing our view here. Hopefully, u r not angry with me.
But if u give some level, pls give some reason behind it, like ilango sir.
Hi guys..
Please note that, because small traders are very much scared to sale, because every time they trapped & force to cover the shorts around 2.30 pm.. But there is a limit for every up move..
Technically extremely over brought … so It should break any time.. and fall below 5180.. sure
Anandan.R
Dear Sir,
I think in above table low upto 2 pm was 5198.
dare, u right.
Oh..! I have quite a vigilant team. Mistakes rectified. Thank you, dare.
Hi Avinash,
If 5200 Call total OI falling means, 5200 call unwinding... If the market go beyond 5200 then why people are unwinding.. so It is profit booking happening.. that is what I can understand.
same time 5200 put adding OI means... people expect market will come down.. that is why 5200 put buying happening. thanks, Anandan.R
hi ,
RBI says focus on managing inflation, growth
following links for above news
http://in.biz.yahoo.com/091229/137/bautrg.html
http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=453
Hi Avinash,
can you see now.. await some more time then you can realize.. on TA.. Over brought..
thanks Anadnan.R
NS likely close for today < 5189; that is below hourly 5EMA.
The fall(short term correction) from 5215 is due to rising wedge in intraday stochastic curve (u can see it from yahoo free), but 5180 is still holding..
hi janaki
i was just watching the 30sma, 5187 vs 5186
just a diff of 1point !
Thanks to you, for imparting the closing workout..
with regards
Moh
sir; i have one doubt.
i subscribed for icharts.in
1) the data in icharts.in is not matching with your blog sheet data.
2) in icharts.in the data is upto 1530 hrs and not for 1600 hrs. after 1530 hrs. next hourly data is at 10.55 am. so which data should i enter in the excell sheet for hourly.
3)can we Enter hourly data from
9.55 - 10:55
10.55-11.55
11.55-12.55
12.55-13.55
13.55-14.55
14.55- 15.30
and again from 9.55-10.55 .....so on
May be current market is still good for buy on dips & book profit on higher levels like intra long 5185-5215 (as there is no weakness observed from advanced/decline ratio or global market).
Avinash and Anandan,
Just to bring to notice that not always call buying and put buying means mkt will move in suggested direction.
OI reducing points to call writers booking profit (not call buyers) and same with Puts too.
Now so, if 5200 call unwinding means mkts to move up BUT we are at expiry so check JAN OI and see whether rollover happenning or not?
Hope I am clear on this :)
Hi Team,
Nifty expect the close round 5200 at expiry, every one on the long side.. but Operators already in the sale mode.. next todays possible negative or flat market.
I suggest one of the best charting software : ChartNexus, It is totally free, just registration needed from the Singapore webpage.. & when ever the program open it will download the EOD from the NSE and BSE directly all the scrips automatically downloaded and you can see lot of technical details and charting methods.. I use this since last 6 months, It is wonderfull try to use every one and learn...
Dear Illango, I am not sure you try this or not.. but I suggest to try one time..
Please let me know your view.. Thanks and best Regards, Anandan.r
hi Anandan
yes, chartNexus is very good, but only EOD.
I use it. The indicators & overlays are plenty.
With regards
Moh
Hi..Rajnish,
As your data source is having a small diff. in calculating the hourly, you may have a leading edge over us as your hour ends 5 minute ahead of us. Go with their data and see how it works out.
hi anandan,
can you give link for the same here?
support Vikas, u r right.
We must remember another thing:
Irrespective of market movement,
For every buyers, there is a seller (NSE) & For every sellers, there is a buyer (NSE).
That sometimes misguide us with option data/future data.
Hi, Anandan, thanks for all ur contribution,
pls give the link of ChartNexus.
hi dare
http://www.chartnexus.com/products/download.php
Moh
thank you sir.
CHART NEXUS
It gives me as error saying "Fail to connect to server. Please check that if your network is running behind a firewall or Proxy Server".
Pls help....not sure what to do
Hi, ChartNexus gives best Indicators, we can edit the Indicator settings, color, no of days, % what ever we want we can see..
You needs to be Internet connected before opening ChartNexus software.. so that DATA will be downloaded directly from NSE and BSE, but you needs to be log in to Chart Nexus account..
Automatically start log in when you open the software.. Setting can be made by Userlogin page, if any one wish to discuss : Pl. call my cell : 9600033869. thanks, Anandan.R
hi mok,
thank you very much
Yes..Anandan,
I have used "Chartnexus" for a while. It is very good with their easy to use settings. It is free and EOD as well as Weekly charts are good enough for positional trading as well as investment purposes.
Thank you for your contributions.
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