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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
56 comments:
@ilango sir,
why does TT have only 3 days of data now ? I remember seeing all days of the week data.
-- gd
@ Ka,
If you see the intra chart in the following link, the 200min sma is @ 5312 & coming down and the other short term averages are below it @ 5290-5295. It has the potential to be a fast fall set up. It is worth watching.
http://www.nsetracker.blogspot.com/
i got some little knowledge about todays uptrend from 5279 levels..but now i seen there is reddots in chart (as through sar) can we calculate it as a down trend
@ gd,
I want to keep those data which are quite relevant to the "immediate price action". The weekly high lows are available under "week".
@ Ka,
But if you scroll down in the intra chart to the "5-day chart", there is a fast fall developing.. Which one will prevail.?
May be all knows, Today France GDP and US GDP will be declared
Sir for clarification: can it taken as it NS reaches 5312 levels it might act as a good resistance and there might be a sharp fall from there?
Big picture.
Those craps are not stupid to waste time in posting these kind of post.They have a motive and they are part of big picture.Basically the market suckers do not want common people to get smart as without loosers they cannot gain money because this is zero sum game.They pay people to do this dirty job.We should not loose our focus and energy with this Koolis rather we should be united and fight those suckers and make them loose money.Before IT revolution a group of people were making money happily but now power of internet has opened market to best of best minds which has made thier life difficult.
United we live, Divided we fall
-Crorepathi
@ Satheesh,
Above "5305"(24th day ema) till 5318(Day's Pivot)-resistances. Below 5285, weakness again.
Thanks sir
ilango sir,
I have NF short @5290
Pls tell me sl
@ Kousalya,
Keep 5301 as immediate SL.
ilango sir,
risky traders can put 5320 as stoploss for shorts ?
regards
gopi
can we term this as a fast fall sir
Dear Ilango Hi
Back after a break....
My take on today;
http://1.bp.blogspot.com/_88fjmcdhjs8/TCRZSRmtBxI/AAAAAAAACSg/1UqY_3EYOZY/s1600/NF+Hourly+25-06-2010+12-46-52+PM.png
Cheers!!!
@ Manoj(Tryin2Trade),
Welcome back...Rejuvenated..!
Very balanced view. Above 5335 may become bullish. And before that resistances @ 5318(Days pivot).
Hai everyone
Nifty hour chart with support line updated.
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-hour-chart-with-support-line.html
Thank you
apologies ilango sir....its friday...12 - 1 pm weekly team meeting...held up there !!
sorry could not reply your post immediately. thanks for responding.
regards
ilavgo...tech table is with spot or nf.
@ Ka,
Are you the team leader..?
@ Ravi,
The Tech.table is "only spot prices".
gm all
seeing market for last few minutes, very fast movements within small range. Can we take this for something big ahead?
Sir...am a project manager !
@ wealthcreator,
If moves past 5315, 5335+ is a possibility.
If 5295 is broken, may be a new low for the day.
Bank Nifty breaking 9575 may give an early signal of downmove.
dear sir,
Againg we are below 5305 seems the one hour duration is working after which a fast fall again witin the range
illango, sorry for the distubance from me. Now i am in a wonder land. i am a watcher of ur blog last one week. But as per me i didnt understant the table. But today i ask about it and with ur reply i did a trade. Its wonderful. As usual i this market is like a gamble game and it go through only with dow and FII's. But as per my last weeks watch i found that market not reacting so much witdow or like that . it goes through some calculations.. any way i know a little ...and trying for more knowledge. thank u sir for ur kind replies
sir...seems fast rise is shaping up !!!!
plz clarify.
@ka
I am in same boat.. Without doing work i am doing trade :)
Sir
July future is at 17 pts premium is it indicating people are covering there shorts?
Cheers
Akhil
sorry....missed this line...
and NS is heading towards the channel top of a horizontal channel which comes up to 5330-33..as you said...if it crosses pivot !
am waiting for that for long
thanks sir
regards
hahah babu ! are u also a PM ?
watching closely, and also as per cnbc ril and rnrl signed offical agreement. Ril is up Rs.10 in 10 min
24 day sma is not coming to 5305. Ilango pls confirm
@ka
Solution Architect in product based company in Pune. We make banking software.. so started linking BNF :)
volumes indicate lower side today at 5318 future a huge short postion developed
@ babu...good profile !
As per Arunima's sheet & weekly band of 5367-278, the 61.8 % is at 5312...am watching that also...market struggled to get past that..
correct me if am wrong here..
Fast fall exactlya fter one hour sir you are great
today i am playing the ranges as heavy quatity and small margin exactly opposite
@ Powertrade,
A powerful(l) observation. :)
Sir,
Interestingly 5200 and 5300 CE OI is reducing... will it eat my shorts?
Sir can we short nifty @5335 if comes????
@ Babu,
Which PE is increasing, then..?
kousalya ji,
did you cover shorts ?
Ilango sir,
Dollar index at days high . Can we expect mkt at days low now....
@ Sunil,
"5335" may get reduced to 5330 or 5325 as the falling channel resistance. If it comes, that is a low risk selling point as a move past that would signal a break out of a consolidation..
Both PE's are ( 5200 & 5300) increasing. Surprisingly 5200 & 5300 CE or in –ve but 5100 in +ve
U-TURN LEVEL @ 5262-5247
Hourly close below 5247 will be bearish.
If breaks & closed above 5262 level will be BULLISH on Monday
Hi Ilango Sir & Friends,
Good Afternoon. 5200 PE is increasing and it's total OI is 61.5 Lakhs.
Regards
thanks sir,
I am just on the learning curve
EU & US given up gains.. France declared GDP?...
Nifty below 5295 since the last 15 mts can we wait for a new low today to get into buying as per abc pattern or buy at 5275-5285 range ???
OI experts suggesting "Strong writing of Puts of 5200. That is bullish, reflected accordingly by the huge premium..?
G20 meeting in the week end.
"Position sizing" is better..(Reduce)till more clarity.
If you believe in TA, then you should be selling into rises in this correction as well as buy into the falls.
One can wait for 5255(R2)or just below 5275 @ 5270. If you feel you may miss the "long bus", take only a small position.
Similarly, the short term "Shorts" too should part book.
@Rajapaji
Missing in action..taking goats to the butcher shop?
What is your opinion about a rate hike this weekend?
Any plans for that?
Cheers
@gopi
yes,i cover it
NEW POST DONE
Thanks a lot sir
the fst fall set up worked locked almost 38 pts gain
Thanx sir
Post a Comment