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 ...
25 comments:
Ilango Sir,
Tata steel break S2 and now it's 625.
whats your view on this.
is it a short candidate.
Regards
Amit
It has been a short candidate since two days..Refer my "Stockwealth" posts.
Sell into rallies till 610..Will review tonight.
I am presently considering it as a 4th wave down.
Hi Janaki,
What do you expect the closing price to be today?
Mr Ilango 5208 is my 30m sma
plz tell us today's likely close..is it below 5220?
Hi Janaki,
Me too already request you to post how to calculate the closing price..
Think u have already posted once, missed the thread , now not able to locate the date
Please educate us.
Thanks and regards
hi..Saif,
How is the OI position @ 5100 series.
likely to be between 5208 & 5210
Ilango sir, i hope we r taking our shorts home?
5100pe OI 42 L 11.9% mr Ilango
Sir,
As u said..daily has confirmed sell signal..
Now sir how u analysed that it may fall upto 5110-30 or even below that? I mean weekly low ema is ur tgt for this downfall?
Yes..Bizagra,
We are taking shorts home.
Hi..mok,
There are some good supports in that region with weekly low ema also placed @ 5125.
Thank you.
Why don't you educate Sujatha how to calculate the likely close.
sir...5100 call has just 10L in OI...and 5k put has some 42L...not much support at 5100 i suppose...but the figures can get revised after the trades are settled...usually after 8pm we can get accurate figures..
sorry 42L at 5.1k put *
hi sujatha,
janaki had told the NSE method of finding the closing price as the average of last 30 minutes rates.
So, we can look for 30min sma [moving average] value around 3:25pm, [since there wont be any point waiting till last minute] to assume what could be the apprx. closing value.
Today, around 3:20pm the 30min sma was 5208 & around 3:25pm it was 5209.
Hope it is clear.
Should thank janaki for bringing out so clearly.
with regards.
Moh
hi Mr Ilango
the advantage in DrShah's Quote.com graph is on 60min candle we can keep the cursor on & get the OHLC values, which would be useful for our Hourly values.
He has given Futures link, we can adopt it for Spot too, as by giving this link:
http://www.quote.com/global/stocks/chart.action?s=%24NIFTY-NSE&chartUi.period=V&chartUi.bardensity=LOW&chartUi.bartype=CANDLE&chartUi.size=620x300&chartUi.minutes=60
with regards.
Moh
Mr Ilango,
I had another logic sir,
the major support is between 5125 & 5150, so, traders may go for 5200pe buy [LTP today 87.50], so 5200-87.50= 5112.50, than going for 5100pe at 51.95. Your opinion sir?
Thanks for your info on importance of 5125.
Should put it to prosenjit & other option guys also for their opinion.
Hi, Guys, Refer the Stock specific plan posted on last Friday..
I say :
BUYing Opportunity : Infosys, MUL,
Sale Opportunity : Hindalco, Tata Steel, SAIL, Suzlon, DLF, Unitech..
Enjoy the profits ....
For 12th Buying Opportunity : Icici bank, Rcom, SBI.
Buy dips... Thanks : Anandan.R
Hi, Guys : Remember : I give the Nifty Short call... while it is trading around 5285..
Mr.S.Rajagopal.. can you re-member..
Did you cover you shorts with good profits today..?
Please cover your shorts if tomorrow opens in green..& Don't take any position still clear signal,
Long or Short will be considered after 9.15 am.. Thanks.. Anandan/.R
anandan,
wht tgt u expect for Rcom?
Hi Dare..
Rcom Target : 190 but it will take few days.. First Exit at 185.. then re-enter at lower level again..
thanks. anandan.r
Hi Guys,
You can see Live Status of all future and option status in the following web page.. you can see OI position added or reduced..
http://www.ventura1.com/Derivativesnew/DerivativesInner.aspx?id=7
Thanks Anandan.R
Hi Anandan,
Thanks for sharing link
rgs
gopkrish
@ mok - Thank u very much for sharing.. :)
Thank u Janaki
Regards
Mr Anandan, Can you pl help your beginner friends like me on your tips on when to go long or short with stop loss and targets - of coure at our risk - to enjoy the fruit - be it sweet or sour..Pl do not mistake me..Thanks in Advance.
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