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...
33 comments:
dear ilango
i want to bring notice to u one chart of last 5/6 days tick or 5 minute chart.its showing 3 low highs an descending triangle and in EW???? i need ut guidance . if its of some use plz teach us.these low highs were tken out yesterday. now what???
saurabh
dear ilango
here is the link
http://www.niftyforum.com/niftyintraday.php
Good Morning ilango sir and other blogmates
-arpit
Hi Ilango sir good morning and other blogmates have a good morning.
Hi Arpit,
After long time r u back.
Have you complete your task....
Piyush Patel
goog morning all of members, happy trading this day. us markets up whats asian markets open, watch carefully. i think to day market open gap up.
Review of the Weekend Analysis posted on Sunday 21/03
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1."The Call and Put O.I. movement shows that smart money is hedged for a downmove of 5170 and to upmove of 5320.Movements in O.I. of 5100 and 5200 Calls and 5400 Puts shows a balance at 5270 .”
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Ultimately the series ended up at 5260 near the balance point(5270).Both the Put writers and Call writers earned loads of money and didn’t try to take each other out,hence the Balance Price close of March series.
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2. “The Most Important Level this week is 5220”& .
-“Any move below 5170 and above 5270 can give 100 points”
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Neither 5170 nor 5270 got broken. 5220 though taken out on Monday(Axe effect,as my friend calls it),but again reversed that effect. News (here RBI rate change) may effect markets for a day but they will ultimately do what they are supposed to do.
The range was maintained and Markets didn’t fall as expected by everybody since few weeks because of the positions build up against this very belief.
3.Markets will do what they want to do and that too when we least expect it.If the weatherpeople forecast a bright and sunny weather don't forget to take the umbrella,just in case--
aNew series starts with new Market dynamics.
hi ilango sir, whats going on markets next 6months.
Arpit,
are u use icharts?
Piyush Patel
ilango sir, where avalable bloomberg nse bse live charts.
Good Morning all!
sir & family
GM
last traded prices to b corrected!!!!!!!!!
rest sir check shai and viren calculation of expiry and plz revert to it..i found it amazing..shai seems 2 b a selfless man too..ur club- http://vtrender.blogspot.com/2010/03/nifty-expiry.html#comments:)
@mynac
thnx
@ Piyush,
For which task r u talking....? is it for March ending...?
I donot use ichart....
I have to trade tiger for online trading
-arpit
Good morning Ilango Sir and all blogmates
sir,
bought as per orb, sl shud be low of day, was it the right startegy??????
gm all...
ilango sir,
yesterday you have said that staying above 5230, will take to 5255 levels...can you please explain the analysis behind this ..
hi rv9, thanks.
ORB NS 15min 5260 - 5282 ?
NF 5272 - 5292 ?
Sir, if possible pls tell days when orb strategy can be used. My understanding for today is that we r close to breakout level. If we breakouts, it is going to give us few points. If we breakdown then again might give large part of yesterday gains. So orb best equipped. Sir pls tell more about it
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GM to all.
As US mkt gave away most of the gains, suggest to book partial profit on longs.
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GM sir,
can we go short at 5284 , R1 ?
thanksl
sir orb buy????????
Dear Ilango Sir,
Can I take (small Qty) short in NF here?
Good Morning
@Manu
I am tempting to short Unitech, sl@73.20
Good Morning
Gm respected Illango j i and blogmates
sir can we go short on these highs....its tempting
regards
vikram
@babu:0
i m watching ril closely..if it sustains..thn u knw and if not ..i m along with u bro..
@ Piyush,
Stick to your ORB and book out near 5300.
@ assortz,
5230 was a channel resistance and hence a break out trade to higher levels.
@MK Ravikumar,
If 4960 is held during corrections, Nifty has potential to seek higher levels past 5450.
I generally do such long term forecasting but only "follow" the prices as closely as possible.
@ Prabhakar,
You can short for intraday around 5285-5300 with a small SL as the intra seem to be "OB".
RAJAGOPAL SIR,
STILL YOU ARE SHORT IN TATAMOTORS
Thank you sir I will wait for above 5285 levels.
Ilango sir g m , according to ORB we sud go short below 5260 NS? is it correct??
Thanks
hi..Bizagra,
Take the Opening low as 5269NS.
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NEW POST DONE
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ilango sir, bloomberg live chart is avalable in any site please needful
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