Nifty-1 Minute chart @ 1.25PM.
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 ...
137 comments:
Aggressive Long from 5068 to 5085-5095+
Ilango
thanks.actually i wanted to c on chart thats y asked time frame.
if possible pls try to put that updated chart.
thanks sir,got close to ur trendline. just a minute difference in begining of line brings very large diff, 20-30 points
Despite intraday huge selling pressure bet.5100 to 5070 at least at present market still holding 5065 and getting resisted at 5113-5114.Bulls haven't yet quit and Bears will find the opportunity. Mr.Rajagopal's 2.30 factor comment will be appreciated then. One should keep in a mind that yesterday Nifty Fut. has spent 4 Hrs. bet.5055-5065.
Good afternoon Ilango Sir and all blog mates
Hi! Mr.Babu (Big Babu),
There is no power morning onwards. Is there any Conservative short given by Sir?. If is there , Pl, mention with stop loss.
Thanks
Hi..Mynac,
That is a wonderful timely assessment.
@ Prabhakar,
One fall has happened and did not upset the day TA but it did to the hour.
Struggled at 5110+ most of the day and buckling down. A friday negative close is bearish.
@Prabhakar,
just now i started reading todays messages. I was in meeting upto now. I closed my conservative long @5116 before confirmation of sir's ( based on market preview) and initiated Bank nifty @9070 and nifty shorts@5116 with small qty. Need to read all messages now.
Dear Ilango Sir,
Should I wait for your conservative short call in NF?
Thanks
5065 should be the low of the day, according to MP.
But if we break it then possibility of seeing 4987 next week, sometime.
Hi guys ..
see the ranking for short..
SAIL is rank no..1..
Now see top losser in Nifty.. but it is open in green..during opening.
that is what I use to say due to market sentiments short side stocks will take some more time to crack.. when it fall means fall..
see Tata Motors..
Anandan.R
Dear Ilango,
We have got and getting this Knowledge from you/here and is sharing with all.It gives pleasure.Thanks.
mynac/ka/aarvee/sanjay
all best in oi data and its intrepretation..
:)
regards
@learning EW,
I have uploaded the 1-minute chart for your viewing.
"Triangles give away" the coming end of that particular wave as they generally appear in the 4th.
Ilango Sir,
What ever i did short NS@5116 in urgency( went for meeting) can use them as conservative short or book what ever it gives?
Thank you Mr. Babu
Ilango
ur really gr8.
thanks.
Dear ilango,
interesting OI buildup at 5100 Call.
It has added almost 10 lakhs in last hour.
Now OI of 5100 CE and 5000 PE are 71 lakhs each.
regards.
hi..Babu,
Market need to survive another two hours.
Bulls have managed the first round holding the channel as well as "Viren's" MP 5065.
Bears too managed to inflict the damage to the hourly charts.
So, Hold your shorts with a SL 5105.
If Nifty trades above 5090 consistently, strength returns.
rajaG
jallikatta illana karadi circussa,
seekkiram vango, vanthu chollungo.
:)
with regards
Ilango
so aggresive long trade going on & convervative shold hold short with sl 5105?
I agree Illango, 5090 will be the pivot.But I think the major move is done and there will be rotation around here for the next 2 hours.
Climbing upto 5115 it seems.
Then can it be taken as final up move
Rajagopal ji
He is doing yearend auditing the "drunkad monkey" and come with his report soon as usual "qualification"--learnt from reliable sources
Bala
hi..Mok,
:)
hi..AimNifty,
If 10lakhs added in one hour in 5100CE, that is quite an aggressive posture.
@learningEW,
Yes, you have understood it correctly. While holding a positional, play also the small moves if some clarity emerges. Keeps the learning on.
MESSAGE ALERT :--- TONIGHT MEETING BETWEEN GREECE AND GERMANY PM WITH OUR INDIAN PM TO TALK ABT CRISIIS IN GERMENY AND GREECE....BE CAUTION AVOID HEAVY POSITION .....
hello sir,
was not on terminal for 2 days.
saw all the funstuff, and the way raja handled one, and laughed at it.
i am going to email him now.,
with regards.
IHNS forming? 5 min chart? tgt 5100?
@mok
???!@#$%^&*()_+ angrezi plz..
@sir
viren takes NF values
Open Interest update at 1.50pm
5100 call - 73 lakhs
5200 call - 46 lakhs
5000 put - 71 lakhs
4900 put - 47 lakhs
4800 put - 60 lakhs
Small triangle formation in intraday chart..
trading above 5086 can target 5103
abv 5086 turns +ve
I think by Thur / Fri next week we will retest 4850
Situation turns +ve .. abv 5086
hi manu, inviting RajaG to come & participate in either the Kardi Tales or the Matador game.
:)
with regards.
Good Afternoon - Ilangoji and Friends.
Did Mama Duty at Nephew's Upanayanam. Eat good vadai payasam sappadu - thought of you all - so your stomach's must be full !!!
================
Ilango thought of -ve effect on Tuesday, I said Wednesday - both day's market stood firm - living by Tuesday +ve and aberration to -ve Wednesday. Thursday stuck to +ve 2.30.
Friday strictly must be a -ve 2.30 - looking at the drunkard's struggle to stand straight I am afraid he will fall -
Mera 5047wala nikkar bhee gheela hai ab !!!
Sir,
I would like to confess here, I read you message like ‘ if it goes above 5105.. go long and if it goes bellow 5064.. go short” for conservative. So I booked my short NF @5075
hi..RajaGopal,
:)
That -ve 2.30 may coincide with an "abc" intra corrective up completion. These days they are not waiting for 2.30 but preempting it ahead..
mkt wont give up 5100..
Haa Mok - The happiness is greater than the second day of meeting my Lover (now my wife).
Welcome (where did u go?).
rajgopal sir ,
request u that whenever u get time pls jot these rules. then u cud send to all of us . ( hope nobody objects my saying all)
hi..Gautam bajaj,
Your IHS has given now its "fruits". So alert..!!
Yes sir.. Its good to continue to hold shorts.. for Next week at these levels.. Stochs are over bought.. most likely 4850 should happen by Thur / Fri
@Rajagopal
Glad you are back Sir. You drunkard stories are too good - most of them turn out true too! Goes to show the benefit of alcohol. :)
Regards.
hi sir
in which level we sell now nifty for aggresive trade ?
There is also a possibility of an upmove to 5169.. but that again depends on +ve news from US unemployment 20 K job losses compared to 60 K previously.. S&P likely to retest 1135 / 50 which means we could test 5169
Im refraining from shorting since above 5100 we may test higher..
and im extremely impulsive.. so contolling myself :-) from placing those shorts
BN just did 80 points in 10 minutes.
That level of 8980 has been strong all week.
wow RajaG
I missed all the fun of the past 2 days.
Anyway, now you are full & back, fill the cups of joy here. People have missed you.
Nice touch of admin capacity you exhibited yesterday to your junior [in profession], he wont forget his this articleship. :)
with regards
sir,
r we going to see 1000 pt drop before month end?
Guys,
Carefull with ur longs if we come below 5088 now.
Ilangoji - looks like many lovers are coming back from "oodal" period (feeling of false/mock anger among lovers)!!!
aarvee9 is yet to come and weekend is up.
aarvee9 please.
========
rm - ha ha ha - or ignorance is a bliss, it gives uncomplicated thought process !!! (what a way to console oneself)
========
Piyush - u want the collection of Rajagopal's trading beleifs and techniques to add to your "book of jokes" - right?
ilango
will this TA be rght based on EW.
that short with sl 5110 target 5075
= = = = = = = = = = = = =
One aggressive SELL here.
= = = = = = = = = = = = = =
@ RajaG,
nikar is your shorts position and chadi is your longs or vice a versa depending on the classification of your trade :-)
next 15 mins look weak
thanks god.. given short call.. now will treat this as conservative short with stop lose of 5105 stop lose.
@ Rajagopal,
5115NS will be decisive.
@ Govind,
Presently I do not see such a possibility. We'll definitely be in that position if it develops as we follow closely the prices.
@learningEW,
TA based on negative div.. for the fall from 5118.
TA based +ve div in intra charts for the long from 5068.
It is how we follow each method. Combining them will be doubly beneficial.
@Gautam Bajaj
analyst are expecting 50k cut in jobs compared to 20k last month. they are also
expecting 9.8% unemployement rate compare to last month 9.7%
regards.
Hi guys.. 2.30 factory..
I think Mr.Rajagopalji..view may happen..
Nifty can't withstand at top level.. Selling happening at top levels..
Be care full..
Anandan.R
@ Viren,
Your 5088 will coincide with intraday chart's SAR trigger sell.
Mano - Nikkar only. Wrong short at 5047 now at 5099 Avg 5073....
Must send a cocktailed bottle of Vodka,Old Monk,Johnny Walker,chivas regal with Maharashtra Govt product arrack and Kerala Toddy and Goan peny to my friend urgently.
rajgopal sir i already have lot of jokes letme share one.
-------------------------------------------
Wife- husband se- agar main mount evevrst pe chad gayi kya doge??
husband-- Dhakka.
---------------------------------------------
tamil brothers
wife- what will u give if i climb mt everest
husband- a push
---------------------------------------
i will read and reread the trading rules to apply . i know u dont have doubt in it
Aim - Thx for the info.. I hope we fall :)
4850 on the cards - 4 days or 6 days from now..So Thur / Fri next week ..
@Rajagopal
Thanks for the largesse! I hope that some of that bounty will come my way too. :)
Technically, I will not short above VAH. It just is a caution point for longs.
Possible Gartley patterns on Hrly Charts -
AB=CD (min tgt 4930)
Bearish Butterfly = min 4850 upto 4650
Piyush - very nice. Infact in one old movie it was a song sequence where the anti-hero takes the heroin to the mountain top to push and ends up pushed down - Man is always weaker than the weaker gender because of his weakness to the weaker gender.
=======
read and reread - may be right. After all Ramayan was written by an illiterate Valmiki.
Hi Ilango Sir,
I got ELWave v7.6 software.....i will send it to you. Please check it in this week-end.
hi viren sir,
can pls explain what is vah?
@ raja /mano
nikkar-shrts
pant-long
kaccha(chadi)-no trade
i will send patiala pa ji..
Saravanan,
Value Area High
Also see a possibly HNS on Hrly Charts.. min target of 4980x
If there is going to be last upmove in this uptrend, the decisive levels will be crossing 5105 approx.
And for a fall to continue 5085 must break.
Based on EW possibility.
Market may not move past these two and may keep us guessing..!
Looks like the Drunkard's wife threw the bottle out !!! Anti Friday ?
thanks viren,
can pls explain how it works?i am new technicals
as long as we dont trade abv 5115
Illango - We have not been able to cross the gap up area correct?
ilango sir,
i did not get ur comment intraday sar @ 5088
Guys This is a business blog...
Share your inputs along with your jokes too...
Some great moves today, look at Kotak Bank, hero Honda, Share the info you have...talk levels, discuss what your brokers are telling you.
We are a community and only if we all contribute we can help each other.
today we have unemployment figures coming in USA...could be a trigger for range expansion or fallback to the lower end of current range
mon would also be 1 year since this monster pullback began..8160 was closing on that day...
Ilango - Do you have some long term counts / projection of EW on the nifty posted somewhere?
Viren - I am a pesant who comes to the University (A Spy who came to Dinner ?)
Ok if you want:
1. Relcap target 825 BTST(Monday)
2. Jindal Saw target 230 S'term.
But please your sane voice going...i give from what I have. How can I give what I don't have?
dear sir
we r in agrresive sell what is sl for it ?
Saif,
With so much expectation from the unemployment, I won't be surprised if it is a non-event.
viren ji,
expect your feedback?
:)
Rajagopal said...
Looks like the Drunkard's wife threw the bottle out !!! Anti Friday ?
-------------------------
May be Drunkard is having VIDESHI insted of DESI......it will take some while to show the impact :)
Viren - Take a close look at TITAN INDS stock is a darling for intra day swing trade. Moves like a craddle during the day.
Piyush - I try it in Futures...every day. Gives good conveyance money.
Much appreciate RajaGopal.
I was not pointing to anybody in particular, b ut just requesting for more participation.
There is so much we read, so much we see, so much we listen too...just requesting people to share the info, howver little it may be.
Share it...somebody will benefit.
hi dear sir ,
wahts sl for sell nifty ?plz give answer
Sir,
MACD is above trigger line. Last hour ??
Whether profit booking or further upside. How to intrepret the MACD signal @this juncture
Thanks
Bala
Saravanan,
I'll send you the deatils post market hours.
sir,
is tradig open tomorrow
my broker told to buy balchini sl @104.20 target 123
hi..Gautam,
I post on every friday the weekly chart with EW possibilities.
Open Interest update at 3.00pm
5100 call - 72.2 lakhs
5200 call - 46.6 lakhs
5000 put - 71.4 lakhs
4900 put - 48.1 lakhs
4800 put - 61.2 lakhs
AimNifty - looks to be a good observation (or did you smell the bottle before passing on?)
@ RajaGopal,
2.30 factor delayed...:)
thank you very much viren ji.
my broker told to short tata motors with sl of 806 target 782.
Ilango - Do you have counts from 2009 this year? After the 08 fall?
Ilango,
can we treat the aggressive shorts as POSITIONAL?? Reply asap
@raja
sorry but generally hw many (marbels)lots u r carrying in ur nikkar
i suppose u dont hedge(zip)
i got a msg again frm my broker that trading is not open tomm.
Below 5085 .. weakness kicks in
Avinash - I am through. Must finalise the transfer part - either in toto or the top sheet on a daily basis. Checking the results against daily movements.
Will fine tune this week end and start from 08.03.10.
Rajagopal,
Titan is an amazing chart.
As Viren said, above "5090" bears will lose their grip.
Ilango - Check out the Fractal on a 10 Min chart.. Looks similar to the fall we had from 5300
We might see a similar fall happen in the coming days :)
Viren - It gives Rs 30 either side by my rule of thumb trading. Is it confirmed ? Doing it for the past so many days. Sunpharma and Doctor Reddy are the other swingers.
Is my (mis)understanding proved technically?
@RajaGopal
On the serious note.... I believe 3.00pm factor everyday . Please observe something always happen at the stroke of 3pm . Large institutes do take call at that time.
On the lighter note.....
drunkard is having enough money from last few days so he can afford VIDESHI
that is why it is not DESI instant impact.
Ilango - Sent u an email.. Take a look at it
renuka eod chart looks good.bought 190 call option at 2.60
if i am wrong correct me.
Rajagopal,
Thanks.Please do share your notes next time you trade these.
@Gautam,
I was also thinking same. Just 5 minutes back I observed the fractal.
@Rajvada - Its all too interestin - Possibly will play out like this on Monday?
@ilango
are we going to see DOJI candle today on daily chart? Do you suggest of carrying short over to monday.
No damage to any TA so far.
Turns out to be a "Buy on dips" only.
May see another high tomorrow or Monday..
Hedge, if you must.
Viren - Going in Titan 1844 - for target of 1910 - BTST.
Even though we bounced off 5065 today, broader picture is still pointing to a revisit of 4980-4990.
The unfinished agenda over there needs to be attended before we move to new highs.
Sir
"As Viren said, above "5090" bears will lose their grip"
taken as exit shorts.. am right?
likely close 5088
Rajagopal,
I'm taking NB Ventures@ 374.Broker advise.(Chart looks good)
Im exiting my short at breakeven
I see a IHNS forming givin a tgt of 5140 So ill wait for Monday
Indecisive. But definitely OB. Even if it goes higher, selling would emerge for the short term..
Have a safe and great week end everyone!
viren ji,
please send me the file after market hours.
Yep agree - but those would be safer levels to enter or below 5070..
OK Viren. Will look at NB V - Thanx.(call came y'day).
====
Exited short @ 5099 @ 5087 (atleast close to my 12 pts).
====
Wrong shorts c/f - it is God's fault.
Have a nice week end. Please visit and say hello for the lovely week end story - take a couple of mins to appreciate a good heart's effort.
Bye All.
after closing above bolinger band for 4 days, today the close is below bb top [5096].
Fib 76.4% is at 5160.
Fib 68.2% is at 5067.
hi ilangoji and evrybody,
Have a nice week end.
byeeeee
cheerssssssssssss
alpesh
ilango and his team started again their cheating business .CYBER CRIME TEAM-MUMBAI
Sir, how did you arrive at 5068 figure to go long? And 5095 target?
"CYBER CRIME TEAM -SEBI said"
Cheap bugger. Do your home work atleast. There is no such team in SEBI. It is elsewhere.
nice analysis!!
Thank you.
...(I'd be pleased if you exchange reciprocal link with me.)
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