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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
75 comments:
Hi! Prashant and Mr.Babu
yes sir, understood from your previous posting. fun in this blog is, what ever lots you take .. still it looks less lots :) ofcourse i don't change lots in each trade until unless i get profit of nifty * 50
Hi Prabhakar
Almost 1600000+ addition in Nifty Fut.O.I. bet.5037-5057 looks scary for later trading half.
hi..Mynac,
How is the addition / dilution of OI in options..?
@mynac - scary ???? can you explain?
Dear Ilango,
Every one knows this series started with lighter O.I. in Nifty.and still is on lighter side.Nothing significant.short covering above 4880 and then addition above it from just yesterday.Still on up side and I am watching your given level 5066 very keenly.
ilango sir in 9 rsi in hourly i am seeing negative divergence and high probablity short swing trade developing
Scary because now Nifty will have to trade above it if it wants to go up from here and bulls will have to force to cover shorts in the later half.And/But the volume is significant.
GM all.
Buyers in control in Nifty and Bank Nifty from opening bell
@ mynac,
Can I infer from what you say that above 5067 there will be a huge upmove in basis of shortcovering?
nify peaking out for day
all indicators slowly turning in to negative stocks too showing bumped up
@ satheesh,
Dear Ilango is the only right person only to guide us regarding this if it will.....
Cues :
Can consider a small short position in BN if it breaks 8980 downside with 20 point SL. Comfortably short only below 8910.
Watch Nifty reaction at 5058 for upmove/ downmove.
"5040" is the "Hour High ema" for 11.00AM
Ilango sir from your premarket view hourly chart can it be assumed that a i,ii,iii,iv and v is over and can expect a down to 5005 -5010 range?
Ilango Sir
Billinger band for bank nity - and to some extent nifty also - is indicating upside limited for next 2 days.
hi..Satheesh,
At "Over Bought" level, market can either remain with a sideways move and continue to push higher on the back of improving Day/ week TA OR it can shed more points...Market has to show its hand now.
Always remember, confident money can be made once all the set ups are in place. "Anticipatory acts" will eat away the capital.
Good Govind. Though I do not follow "BB", it must be a good guide for traders with its deviation from the core price/ averages.
nifty ready for big down move
Well said Illango..
Don't trade with your view of overbought/ oversold.Trade what the market tells you..
BN bounced off 8980. Watch this level...
Sellers getting aggressive in Nifty/ BN. We may have a 2 sided market today.
viren
great chart on vtender
Yes Manu,
Thanks to Shai. He is an extremely good Market Timer..
as per my simple math calculation say nifty made high 2day so ready for downmove hereon.after 11.30-12.30 nifty topout.below 5084(spot)nifty hit new low.ready for sachin best.
for intraday sell nifty@5050 sloss 5067 tg:5030/5010
thnx
rahul
Hai rahul, Good morning. Nice to see you here.
Thank you
manu sirjee,
kaunsa chart???????????
manu,Viren,
Please put here the link for vtender chart
i am not astrologer,i trade with nifty with diff and simple vedic math calculation.
Viren sir,
Can you give the link for NF chart in "volumedigger.com"
@all
http://vtrender.blogspot.com/
viren
vah is 5010 ..m i right
Nifty Fut. towards new top?let us see.
Satheesh,
http://volumedigger.com/Charts/Volume_Profile_Charts.aspx
Arpit,Piyush,
http://vtrender.blogspot.com/
It is the same one I had mailed to some of you last night.
Hi mynac
could plz explain the oi data..
@ manu,
o.i.= open positions at the end of of the day.
@ Ilango and PIB users
I am still getting yesterday's data in PIB charts, sync is not working, I also tried deleting old data manually and restarting PIB....still the problem is there....any solution guys?
Cheers
sorry viren sir, will recheck.
Piyush,
Sorry???
Manu,
Yes VAH is 5010. Dips to that level have to be bought.
Thanks Viren
Viren,
VAH - Value area High
VAL - value area low
POC - ???
Please explain
Anandan please add me to ur mail list for stock calls jkj108@gmail.com. Thanks and God bless u and Ilango sir and fellow blog freinds . Succesfull trading to all.
Flash News- Obama is going to cut outsourcing to Indian IT Cos, by March 31st itself see infosys,tcs,all tech stocks He is going to impose taxes on companies which outsource jobs to india and china short CNX IT NOW....
from my broker....India Infoline....anybody got such news plz update
thanks
Vinod
@ Vinod,
you mean in message window-market news?
@mynac
No Not frm there..my RM left a message in chat...
@Rajagopal
showing your heart is with us?? :)) and removed your posting by using mind?:)
@Vinod
Good that you told, i need learn from Sir's doc very fast. If news is correct... i may loose my job.. and will become full time trader :)
1000 salutes to Ilango and friends. Very much here. Waiting for Mok.
@Vinod, fundamental news to correspond with ilango's view of topping out in CNXIT? will be interesting.
@ raja
u and sir seems 2 be two side of the coin when u wrote new post done..(lawyer mind)mens rea
NIFTY AT 5066
Satheesh,
POC is point of control.
It is the largest volume point of the day.It is always within the value area and is dynamic, will move up and down as the market moves.
BN is weakning...strength only above 9020
Dear Rajgopal Sir,
Welcome Back, we would like a bit of Humor with Tense Nifty TA
Thanks & Regards
Sanjay Kr Jaiswal
Viren, Can you tell how to get the value area from the volume digger chart. One can take the highest volume bar to be the POC and above and below it how to get the value area?
Sir,
Now a days your comments are becoming less.. i think you are missing @Rajagopal ( best student)
Nifty Band shifted to 5045 to 5065+.Whether it will sustain? or not?The next 3 Hrs. will tell us.Let us see.
@ mynac
5062 is monthly high ema..
@ilango
I was working last night on EW calculator...I am done with price retracements calculation...but got stuck with time aspects....
Can you give me the link for typical time duration of each wave?
and also ...what is a common time length of ABC corrective wave with respective to Impulse(12345)wave?...
I cannot fine proper common ratios for ABC wave ....both price and time...
Can you tell me where to search?
Cheers
Sir,
i don't know its correct or not, but i booked another lot @5066 ( according to your R2 in table)
@ manu,
Thanks.
5067(apprx 62%)retracement
if hour ema 5052 is maintained till 20 min more
then wht mynac says will be right..
@raja paji
long pant kab change karni hai ..shorts ka season ss gaya paji..
Sir
Nifty above 5067 now. Should we take a short?
I have taken a Bank nifty short.
Thanks
Sir
its big confusion
mensrea(intention of the mind) says TA up
actus reus(act done) is going on cntrl F1
wht 2 do?
sorry f2
Hi Ilango,
Everyday do you set your Tech Table manually or automatically?
Market Hypothesis
Hi, Guys, See even market up side..
L/T, MARUTI, HCLTech,IDEA, down..
& Hindalco, TATASteel,ICICIbank,Infosys will fall soon..
Long side suggested see the up in all scrips mentioned.. Bajaj Hind, Renuka, RIL, Noida Toll, MLL,TTML, RNRL, Bharthi, etc..
BOOK profits..
Anandan.R
Hi Guys,
BUY Nifty 5100 puts..or short 5100 call for today..& you can carry..
anandan.R
Bank Nifty can short at Current levels.., better position then Nifty for shorts..
Anandan.R
NEW POST Done.
@ market hypothesis,
The files are updated & uploaded everyday at 5.00PM or 8.00PM.
That is ok, but does ti updated autometically or manually?
Market Hypothesis
@Market Hypothesis
i think Sir updates that xls manually. Some time back i think he told that
Anandan
Bank nifty OB but not showing any weakness. Should I hold the short still?
Thanks
hello anandan
now shall i buy 5100 put at current price?
syamala
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