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 ...
73 comments:
STBT - only two calls:
NSE Building
BSE Building
bye RV,
sugar wont run away now, will ask sir leisurely.
yes, its cyclical, thats one reason i have pickled it & put in the corner.
@ RG,
your trading on your file recos is the best way you put your file and your acumen to field test.
it goes to say you are confident on your system.
all the best.
Above 5084 NF, it may attempt the highs..again..
at all blogmates,
yesterday evening Ilango sir had put a special post.
If anyone of you had not seen, plz go thro it leisurely.
http://tradeinniftyonly.blogspot.com/2010/05/nifty-falls-fast-after-that-ma-set-up.html
@ RG
it might help
On a day, when the market plummeted, FIIs were net sellers of only Rs296.8mn in the cash segment on Tuesday on a provisional basis, according to NSE web site. Local institutions were net sellers of Rs4.38bn. In the F&O segment, the foreign funds were net buyers of Rs2.34bn. FIIs were net sellers of Rs2.36bn in the cash segment on Monday, as per the SEBI data.
@ ilango sir,
if NF reaches 5100 agian, can i add more shorts, considering larger trend,
whats ur say sir?
Anil - My source is ET-today's issue. Just wondering whether any FII selling indication could be found.
sir,
though we attempt highs, i hope we can keep our shorts open? my entry is at 5085 and SL yesterday close.. wish to book if we get below 5050
-ve div in 5 min chart.
gd
Sir
I am back from court. I took some profits yesterday eve at 5130. where can i short that again sir. I am hoping we are still carrying cons shorts.
One strange thing. I placed order for selling BNF JUNE at 9495.95. High for the day was 9499. But my sell order is stioll pending. Is it possible for somebody to tell me at what exact time that 9499 came
Yes..aarvee, Anil,
You can keep the shorts for lower targets.
Ek Naadan Chhoti Si Machhali Ne Maa Se Puchha,"Hum zameen Pe kyon Nahi Rehte?"
Anubhavee Maa Boli,"Beta, Pani Fish Ke Liye Hai aur zameen SELFISH Ke Liye
@ assortz
i too am looking for an answer for your query to sir,
ok. SnP closed below yesterday, today i am watching, if does it would be the second day ?
Dear Ilango,
Thanks for your timely guided 5084.
mok,
sir replied to keep shorts..i have now hedged shorts and release the buy order once we reverse from high..
s&p- am not techie but read the importance of the level from various international blogs..we need to see how it plays..
REPOST
DEAR ALL
I NEED A HELP
rediff money provide services to set alert for any stock , if hits certain levels ( above or below ) to be sent to a particular mail address
SAME SERVICES i am luking forward if provided by any web site to be alerted as a SMS on ur mobile
PLEASE HELP
thanks
dear sir,
we can sell here nf at 5095 5105 and bn at 9515-9530
regards,
alpesh
Europe’s economy may expand at a faster pace this year than previously forecast as a global recovery boosts exports, the European Commission said. May5:00 4.05 edt
thanks sir,
did square it,
will enter short at 5100 as told to anil.
assortz,
lets see anyway.
rochak,
if we get to know it wil inform you.
@ mok,
You might get a bit more higher level to sell tomorrow. Take only small qty . Allow the bounce to continue..
I shorted at 5093 June. I was not sure if sir said 5100NS or 5100NF. so took and sold accidentally in June.
illango sir,
can i initiate fresh short here or wait for 5107
thanks again sir,
will do as advised
illango sir,
igot the answer, what you tell to mok
Hai every one
I am posting the 30 minutes chart of nifty. MACD has
given a buy but needs close above important levels.
http://niftychartsandpatterns.blogspot.com/2010/05/nifty-30-minutes-technical-analysis.html
thank you
Sir where to book intra long?
5125 -5135 or carry tomorrow?
hi dear sir ilango,
can i short bank nifty at 9570-9600 level for double top tgt around 9300 ?
plz suggestion
regards,
alpesh
Yes..alpesh,
After breaking below 9600, it is doing the pull back bounce up. Sell as you have planned.
bull eye. Hat's off to sir and all participants. NF turned again.
@ musti,
If Asia which has closed at the lowest may bounce. In such a case, there could be a gap up but the same can not be sure. Trend is down firmly. So I don't suggest carrying longs.
Nifty could attempt 5140-5150 zone tomorrow or may go down first before doing that. After 2 days of steep fall, a broad range trading is on..Trade and that would be a pure speculation.
europe is recovering fast
Dear Ilango Sir:
Are there any chances NS/NF will hit high again and close at the top?
Regards
Sreeram
Yes it did..
@ sreeram,
If 4960 level holds, another upmove may unfold moving past 5400.
Nifty's action from 4960 need to be observed to see whether that is impulsive upmove or corrective.
nifty spot 5125.
Thanks Ilango Sir.. got ur point..
Shall Nifty can touch 5135 today itself? Let us watch.
Down
Scrip Name Close LOW
CAIRN 299.00 293.54
GAIL 418.40 411.44
HDFCBANK 1902.25 1879.52
HLL 228.95 225.22
ONGC 1026.90 1015.70
REL 1050.00 1031.74
STERLITE 745.75 729.79
SUNPHARM 1525.80 1497.12
UNITECH 77.30 75.37
up
Scrip Name Close HIGH
BPCL 525.95 535.19
HCLTECH 403.60 412.20
HDFC 2796.20 2840.76
SBI 2269.90 2305.53
http://niftylivecharts.com/nifty_future_live_chart.html
sir can we trust this chart??
hi
dear sir
if bank nifty close abv 9600 can we short taken at home ?
plz suggestion ,
regards,
alpesh
should we carry longs or close after booking profits??
please to suggest something..present situation is confusing..
5133
@mynac..
NS nearly touch 5135 as you mentioned.. cheers
mynac
done
:)
@ alpesh,
You create part "Sells" @ 9600 and the remaining to be decided tomorrow.
@ Obsessive Lover,
After 2 days of sharp fall, a broad sideways move possible. If you can take the risk of going against the trend, take small longs. If not, you can start afresh tomorrow.
@mok
ns high is 5134.6:)
manu
avg principle
5124
mok
ur ungli s too fast..
Dear Sreeram ,Dear mok,
It was just observation of the figure mentioned by Dear Ilango regarding shorts.Nothing else.
@mok , @ amit
Pls include my mail i.d. opgveer@gmail.com also in your mailing list.
Regards,
Veer
no manu, just was watching the sma thats why
GBajaj is here...
wot say gautam, is it over or till 7th ?
as expected we bounced!
mynac
5134.85 was yesterdays low also
gautam,
you are almost awake thro thro now ...
gautam
a big big question arise before u
from ALL OF US
is it over
OR still
picture abhi baki hai mere dost
ON 7 TH OF APRIL
kindly obilige
Dear mok,
Thanks.
mok 11852206222016240633 said...
no manu, just was watching the sma thats why
GBajaj is here...
wot say gautam, is it over or till 7th ?
GB - query seconded. Are we heading to 4950 ? (Is it what Ilango is also indicating?)
no sir.. slept :) now need to take family out :)
arey bhai gaumtam
bolo na
over or due
Bye Friends. I am doing only BTST since the recovery was rapid and Ilango has also indicated upmove tommorrow. Lot of counters indicate No Clue status. Will share the complete data later.
Thank you Mok and AAR VEE for the esteemed presence together.
Thanks and Bye everybody,due to action packed day as it was today,have to spent lot of time.Thanks.
hi Gautam,
ok, post your views when you are free, may be tonight.
thanks.
hi RG,
it was my pleasure,
a little tied up with the yearend. thats all.
plz try integrating the selection worksheet in your file,
one for stock, one for FnO
hi mynac,
thanks for your views.
hi manu,
so we are all sugar brand only, you are not alone ...
if its a consolation.
hi assortz
we wil watch the 1187
i would think that we will still fall .. but i can
be wrong.
Give it time till 7th and we will see.
Raise SL 5150 n hold?
europe already in green,
US may decide ?
sgx will indicate, possibly ...
candle is below BBand
into ichi cloud
Gautam sir nse spot and future rate r not coming in myquote what to do sir plz tell, also sir can we use gann square nine to amibroker plz tell us
Nifty spot comes in my quote not futures..
there are some AFL's on Gann Sq of 9 - google it you
should find it in the amibroker forum
Im off for the day..
Speak tomm! I think u shld keep a SL of 5135 on closing
n hold shorts..
My advice was to cover 50%-100% @ 5050 and hold remaining
for 4950 - Keep a SL of 5135 (closing)
Thanks GB. Have done as you suggested.
Covered shorts at 5070 and re-entered at 5095 (before the advice from master to mok) and carrying..has to keep the nerve tight also as it seems everywhere it would be greenish tomorrow
Covered shorts at 5070 and re-entered at 5095 (before the advice from master to mok) and carrying..has to keep the nerve tight as it seems everywhere it would be greenish tomorrow :)
' Attention all'
if somebody has hourly data of scrips, can he plz upload it too freeshred links, so it vl b easy for sharing!
by this way it vl same time for others, and also if evryone is contribution it vl make a job easier...
plz reply..dear members..
Dear Anil,
You can download historical 1 minute data of most scrips from www.investbulls.com by simply registering (for free) and using download link.
Regards.
Dear MOK,
Thanks for ur comments.
Regards
Sanjay Kr Jaiswal
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