and my critic has the "blue scenario"..!!!
A close above 5245 will keep the weekly momentum up and
a close above 5270 will add strength to the daily.
And the "Hour low ema" is fast rising up...
Thursday, January 14, 2010
Nifty finds intra support @ weekly pivot., onto week R1..??
Should be an interesting weekend and a week ahead...
and my critic has the "blue scenario"..!!!
A close above 5245 will keep the weekly momentum up and
a close above 5270 will add strength to the daily.
And the "Hour low ema" is fast rising up...
and my critic has the "blue scenario"..!!!
A close above 5245 will keep the weekly momentum up and
a close above 5270 will add strength to the daily.
And the "Hour low ema" is fast rising up...
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...
10 comments:
hi ilango sir,
can u share that blue scenario with us as u mentioned in 1st line.
may b it will be of some help in taking decisions.
thanx
saurabh
Inner thoughts>>
So many scenarios, as always!!
Which one to take? if there is no open position as of today.
Perplexed... I am, Left as ever :)
The main thing is to put a bet on only one of them, but... which one?... we always end up in choosing the wrong one... and keep on murmuring ... ohhh... I had also thought of the opposite scenario
Thats what separates a successful trader from others... Pondering over various possibilities is easy... choosing right one?? difficult.... Thats what I have been failing in for last 2 years!
Help required? Yes, very much..
-Chanakya
Dear Ilango,
If Chankya needs advise, where will we lesser mortals go ?
Nifty Doctor says H&S formed with 5375 as target,provided it breaks 5275-100 point straight run possible?
Does it mean R2 (if 5275 is R1) is after 5375 ?
Regards,
S Rajagopal
Dear ilango,
This is or will be a correct prediction at this moment"Naro Wa Kunjaro", Ashavthama,human being or elephant.Thanks.
Hi guys,
Market can't go up & up every time... Sure will break before end of this month..
For Safe : Buy : 5300 Put... or Sale at Nifty : 5295..level..
thanks Anandan.R
Hi guys,
Safe to BUY : HUL, and ITC if both stock fall during morning trade.. BUY.. BUY.. sure will go up next week.. Buy.. Calls...
Thanks : Anandan.r
Hi Ilango,
Please correct my understanding.
In E wave, there should be 3 inner waves. a,b,c . Like other big waves had 3 inner waves. so we can see Upside, small downside and one more upside to end E wave.
Hi..
Technically a buy triggered yesterday and a long is initiated. As long as Nifty trades above 5230,and surpass 5280+, it can go to the 5320+ zone. That is a simple way to look at it.
Alternatively, Nifty finding resistance @ 5275-5280 may fall to a new low to 5160-5150 and the reverse to move higher.
I am backing the former one though agreeing on the possibility for the downside. The point that will change to down is 5230. Until then I will go with the flow. Use again the ORB in the first session.
Everyone wants to know just a single possibility. But markets are not that simple. Go with the obvious but know the other possibility which will not come as a surprise if that were to happen.
@ Rajagopal,
Nifty found support at weekly S1 5175; again @ 5243(Week pivot) and now is it likely to go for week's R1 @ 5313..
@Mark,
There is still a possibility of the "d" wave going down more before the "e".
If "e" has commenced from 5170, then also it should have some correction(2nd or b) before attempting to move higher(3rd or c).
GM Ilango,
That means I can go Long arnd 5260-65 for 5320+. I assume you are Long too with a SAR at 5230. Let me give try to this.
Thanks and regards
HI Anandan,
please send me your excel sheet to my mail id dlatha_63@yahoo.co.in
thanks,
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