1. NIFTY Tech.Analysis File
2. Bank Nifty Analysis File
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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...
77 comments:
Ilango can one short or the up move too strong?
Regards,
Ilango sir, as per EW theory what can be the probable target for upmove from here or as 62% retracement is done what can be the possible down move?
market hypo. it is xl file sir updates every hour
EW target no:1 is 5090 which is nothing but an equality of 1st move from 4675 to 4930 equalling the current upmove from 4835.
Till a weakness in daily as well as weekly is not confirmed by a decisive close below certain ema, and till a clear possibility does not emerge, hold yourself from going against the trend.
Individual stocks have been bought in rotation.
Most importantly FII have been buying big which just can not be ignored.
satheesh sir despite multiple divergences we r not going down
Hi guys,
Nifty, Bank Nifty, Infosys, Hindalco, SAIL, TATAsteel, all now on top level..
It may fall any time.. like Airshow...
Tighten your set belts.., book profits..
Anandan.R
@all
imp Eu may opn a bit minus..
it may not trigger intra coreection
Hi Ilango
Please reply, does this xls file updated manually or automatically?
Market Hypothesis
sorry it may trigger..
Hi guys..
Bajaj Hind.. and Renuka both Rank top on my list of stock pick.. and you can see today both up 6%..
( Midcap Top gainers )
DLF and RIL up more then 2.5%..
What more you guys wish to have.. let us know..
We will see how we can meet your expectations..
Anandan.R
Hi..Viren,
You mentioned "5058" being decisive. Is that point still remain same or moved up or down..?
Hour high ema has climbed higher to 5060 now.
hi..Market hypothesis,
I maintain a data base of day, week, hour downloaded from PIB a/c of IndiaBulls. They are linked to these files. So you could say, it is semi-automatic and saves a lot of time to monitor many.
anandan sir,
i have a small wish. since i track nifty i feel difficulty in tracking such a long list. if u cud highlight 2 calls which i can track . may be ur high probablity calls/sureshot calls .
a lot of blogmates will be having this difficulty that i have.pls be vocal anandan sir in gud mood he may grant ur wish
Nifty's range for the last 15-30 min is 5067-5071
Illango,
5055-5058 is the cue from the market to start nibbling shorts.We wanted the upwards test and we have it.Market sustaining above that means that buyers don't want to give in yet.
Below that, bias moves slightly to sellers.
Bank Nifty is also a very tempting short now...I have only half a position size on the table.
Waiting for the market to tell me to short...below 8980.
I find Bank Nifty has just broke out of a 6-month old consolidation. You can check it in the TA file at the top in this blog.
And bank stocks have been doing well and SBI is yet to show a big one.
viren
greece bailing by germany will boost banknifty as banks..
Dollar Index - 80.52
My view only for Intra.
I'll book BN around 8915-8865 levels.Stop for my existing position is 9050.
Thanks Manu..
I watch this chart everyday now to see the impact of that story on Banks.
http://stockcharts.com/h-sc/ui?s=nbg
Ilango
i hv shorted SBI @ 2021 Intra day trade.u saying a big one might come so what sl should i keep.
@learningEW,
SL 2032.
Axis bank is also a good short.
Sell around 1148, SL 1155, T 1131-1127..Intra/ 1 day.
Ilango
Thanks.
viren
it means if NBG trades abv 4.61 thn u c more upside or news driven
Ilango sir, nifty futures trading in discount throughout the day. why it is not going into premium despite bullish day? Pl reply.
Nifty manages to stay bet. 5045-5065+ since 12.30p.m.
Manu,
The news is a lot of noise..
See from October the chart was telling that there is a problem in Greece.Now if it moves above 4.61, then you will hear the news of the bailout.
It is possible retail is selling and FII are buying quietly..!!
There could be so many reasons..But it is irrelevant now.
Ilangoji,
You spoke about 2.30pm factor yesterday. Tuesday 2.30 normally benovelant. Wednesdays are fun. (Last Wednesday Piyush & Prabha covered their shorts early.
(Who knows this Wednesday may prove them right also). Market and Wife are the same - can never say what's in their mind !!!
MOK are you there?
In yesterday's FII data FII net buyers of 1,335.32cr. and DII net sellers -977.36cr.From moneycontrol.com
@raja paji
panta pai rakheeye yah nikra(shorts) pa leeye
its difficult to sit tight nw..(consrvtv longs intact)
do reply
Manu bro,
Pant badal liya. Nikkar pehna hoon 5070 ki.
thnx paji,
pant 4670 wali ..pakka
The trading pattern of the last two days reveals a lot of strength in the market at this point of time. It is no use looking for a shorting opportunity at this point of time. Its no use going against the trend. The market is unlikely to break down suddenly. We may witness a stable and less volatile market for some time. One would look to go long on dips.
Sir, can you give your view or your critics view on tatasteel?
sir
u r boss only RIL makng diff..shrt rcvry strtd
Rajagopal sir,
welcome back.
your postings are intraday relievers for tight ranging day.
"5070 wali nikar" really good one.
keep posting sir,
My feeling is market in last stage of up move. we are close to compelting 5 minor of 5th major of C waves. Any moment sharp fall.
@Rajgopal
Welcome back
Cheers........:)
US markets are expected to move higher today.
Another high near 5125 is possible tomorrow.
The retracement...we are talking about a=c..
has been meet for sensex after crossing 16975...
for nifty which is at 5091...
let us see...if we reverse or climb till 5091..
Hi, guys.. See TATA Steel fall..0.8%.. from green to RED. now..
Anandan.R
Ilango Sir,
Can I expect any fall in NF from 5090 NS ?(like 4990 NS)
Sir
During market hours ,it is possible to know whether FIIs position , whether they are purchaseing,selling ,reducing their open positions etc etc with corresponding DIIS/retails investors.Any graph is there with nifty/FIIs/DIIs/Retails just like moving averages etc. Are they had any seperate counters or coming in to nse just like ours.Is it possible for them to know @any point of time how many retail etc are long/short @ what levels to play. Why when FIIs are buying and DIIs are selling and vice vice versa. Retail investors dont have knowledge but our MFs/DIIs are not playing to the tune why
Thanks
Bala
Ilango,
The Dow futures are down 8 pts and Europe is also trading in the red.Expectation of higher US markets must be based on EW.WHERE DO YOU SEE THE DOW IN NEAR FUTURE?
Hi..Anandan,
You are doing good. I want you to read through my mail few times and understand the message I want to convey to you.
Your experience should be evenly blended with temperament will be a great combination.
Consider this request of mine.
Ilango
TA behind US mkt might be up today?
(No way suggests relationship with Dear Ilango)
===========
Paramahams and Swamiji had some argument. They stopped speaking to each other. Swamiji used to come daily for the evening lecturers,stand at the end and go away after sometime. This comforted many jealous ashram-mates.Suddenly oneday Paramahams got up and started walking towards Swamiji who was also doing the same. They embraced each other and started talking as though nothing happened. Later Paramahams was asked "Did you ask him-why he did not talk to you?"
Paramahams replied "Who said? His mind was speaking to me when he stood at the corner everyday".
==========
We are all here. Cannot go away. Only at times to respect other silent ones' comfort have to keep the Drunkard at bay.
Sir views about tatasteel?
hi..Bala,
It is quite useful to know the EOD FII figures and they show the strength of a trend. I don't think there is any "live" figures.
We don't know the DII classification but I find "following FII investments" have been quite relevant and useful.
Rajagopal Sir,
Nikar pehen ke ghar jaoge ya pant pehen ke??
AMIT
Viren can you give update about todays value ares and POC?
@all
Take a look at 200 EMA on 5 mins charts for last 2-3 days....straight as a trend line ....that should tell us where the trend is....:)
hi..Rajagopal,
That is a wonderful anecdote.
I don't judge..anyone here. So there can never be any misunderstanding.
This is also not my place but all the readers have made it.
It is not necessary that we have to "sing those songs" everyday.
Suffice to say, my day brightened up seeing your presence.
hi..Satheesh,
I remember marking 525-530 as a resistance zone. I don't monitor it live.
hi..Manoj,
Replying to you so late.
It is based on an EW possibility read in a reputed site. It can fail too.
I shouldn't have mentioned it as I strongly feel that we should follow our market prices. Having an unbiased eye on others helps.
Sir is it to be read as 625-630?
yes..Satheesh
:) 625 - 630
sl hit on nf
sorry friends
rajnishp78@gmail.com
bye ilango
bye friends
@iLango Sir,
Close likely above > Week.H.ema! Am I right?
Rgds
Yes..Rajib,
It has been so since Tuesday. However, coming Friday alone can decide that.
It is closing above 50 & 100 sma for the second day. That is good.
sir
it will be better if we write call
As long as the trend is up, any counter trend trades may either be hedged or done with a small SL.
sir,
The difference between spot and future is decreasing...what does it indicates...?
PIB suddenly loged of at 3:25 & now not getting connected.
i chked nets working fine.
Market Kept its up journey with hurdles.
Sir
Is there any site/blog is giving details of FIIs/DIIs/MFs/Retail purchase /sell details of futires /stocks.
For example no march . Now may furture is there . From March onwards they will start buying and selling the far month. At the end of this month they will carryu forward the positions to next month or to far month and so on.
So , if we get statistics , we can see some trend.Further eventhough nifty over bought /fib retracement level etc one should know @ what level they have decided to buy and sell. This is the crux of the point.If we able to find out or any body able to come out the secret with statistical analysis ( Now doller index theory is no usefull. because doller is hogh but they are purchasing for example when nifty 4850 level all sai doller isa 75 and if moves up nifty will come down like that but now doller is 80 why purchsing or expecting the doller to move up further and purchasing and if so if they expect 100 then nifty value. FIIS moving stocks then currency like that telling some theory. The rotation /relation /movement of market to market as now nifty is globalised, we have to find oput .Otherwise one day Indian Govt has to bail out MFs
Comments /guidance etc welcome
Bala
@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 find proper common ratios for ABC wave ....both price and time...
Can you tell me where to search?
Cheers
March 3, 2010 12:37 PM
lost again, shorted telco @805 in the morning :(
@ BALA,
Just visit nse site every day after 6.30-7.00 p.m. or http://www.sebi.gov.in/Index.jsp?contentDisp=UsefulLinks this one
Sir,
On any time fram is there any Head and shoulder pattern is being formed for nifty and if so what is the value of the soulder should be and neck line value
Bala
@ BALA,
Some times the data shown regarding FII,DII purchase-sell figures are so different from each other that one get confused but it is THE part of the market.Market used to surprise these sites too.
hi dear sir,
some error in downloading xl file form stockwealth blog. but in yr tradeinniftyonly has no error plz correct it in yr stock wealth blog
thx for yr valuable suggestion
regards,
alpesh
Today’s Nifty O.I. Observations………
Addition in Nifty Fut. 21.50 Lac
Addition in 5100 CE 4.33 Lac
Addition in 5200 CE 4.00 Lac
Addition in 5300 CE 9.75 Lac
Addition in 5000 PE 18.37 Lac Total O.I. 56.68 Lac. (Intraday 40% + O.I.Addition)
Addition in 5100 PE 11.00 Lac Total O.I. 26.00 Lac. (Intraday 70% + O.I.Addition)
These figures are significant today because this series is just started and just yesterday, Nifty moved above 50 DMA means considering the expiry period for this series BULLS have taken and are taking necessary precautions to protect 5000.After Budget FII figures are encouraging. Let us hope for the best,data reflects bull's strength and unexpected is always expected here only.
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