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 ...
72 comments:
Mr. Ankurbbhat
To talk much and arrive nowhere is the same as climbing a tree to catch a fish
No fish to sell today?
5096 is held..another 1 hr to go..
OI update
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5100CE adding 7lacs(69lacs total OI) in OI as compared to 6lacs(49lacs total OI) in 5100PE.
5200CE added 18.3lacs(83lacs total OI) in OI as compared to 11lacs(p2 lacs total OI) in OI.
4900PE witnessed some unwinding nearly 3 lacs(some hedging).
i'm stuck with 5000 put. almost halved, what to do next :(
Correction:
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5200CE added 18.3lacs(83lacs total OI) in OI as compared to 11lacs(92 lacs total OI) in OI.
ab ye machile wala aadmi nahi aaye ga aacha hai
@Sethu,
According to me, the 61.8 % retracement from 5400 to 4786 is 5162.
Ilango,
There is an unfilled gap of 5085-5100 which translates into an Island Reversal for prices of downgap of 4/6/10 and 7/6/10 and todays upgap.Potentially Bullish if not covered. So the stop loss should be ideally be 5085 spot for Monday onwards if the gap is not filled today.
Good afternoon everybody,
still there is no sign of short covering.Buyers are trying hard to push Nifty Fut.beyond 5130.At present looks tough.20,0000,00 addition in NF up to 2.30. Nifty must remain above 5130 and Shorts must get covered for above targets.Let us see.
5085-5090 Island area
@ Manojag,
IN NF, the gap got filled but not in the spot.
Not filling may be construed as strength to bulls. However, keeping that as SL will be too close.
Dear Fisherman - did you make any catch - the day is about to end ???
Dear mynac - there is nothing scary in the run(UP) for the bears. Will they bother to cover shorts till some higher level is crossed ? say 5180-5200. Otherwise Euro grease is well applied on the path.What is your take?
Mr. Deepak
The charm of fishing is that it is the pursuit of what is elusive but attainable, a perpetual series of occasions for hope.
There are two types of fisherman - those who fish for sport and those who fish for fish.
Not for today but for Monday onwards and as the days go by this would be the crucial levels just as we have one near 5265 levels.
Lol Deepak : This fisherman is new to his trade. Can not fish? If the fish jerks in his hand, he will throw it in the air and kick it back to the sea (world cup fever) with a mouthful. His presence is a teaser to many of us. I bet you ask him to sell one fish to you? This fisherman is here to catch the Sharks.
Yes..Manojag,
Yes that would be appropriate.
Dear Rajagopal,
Additional O.I. with no sign of short covering here is tempting me too.But still 45 Min. to go so on the side line.Let see the further development if any otherwise Monday One should get THE sure shot Oppo.
But at present favors Bears,what I think so.
Dear Friends when NF was around 5108 there was a short of over 88800 - i guess that was our friend the fisherman ???
http://www.istockphoto.com/file_thumbview_approve/2957170/2/istockphoto_2957170-fisherman-in-trouble.jpg
My todays Trade
The acolyte of the Teacher seems to be a learned man.
@llango....m long at 5095..shd i exit nw or hold??
if market up loser hope that market will come down tomorrow
they give reason also, market won't come down until loser
goes to bankrupt
hope against hope
market given good lesson to all hero
NEVER FIGHT WITH A PIG. U 'LL GET DIRTY, BESIDES THE PIG
ENJOYS IT
papa(ril) n good mood
hAHAAAAHHHHHHH DINES SIR, U R VERY joke-y!!!!!
machile le lo 2 rs ke 4 ha
Ilango Sir, pl guide me...even if we reach 5140 today which is unlikely...should we mantain ourlongs for monday?
@ Swati,
If it is for intraday, exit @ 5130 to 5140 zone.
@ Swati,
Keep 5115NF as trailing SL.
@ Rajagopal,
Can you give any hints about Tisco and Maruti at this level...?
-arpit
If at 3 Pm nifty closes above 5120 we can see Small positive div. in 14RSI sheet
Hour High EMA wud be 5124... so closing above it will be good.
am I right??
@llango...thnx..
Read the FM (not Pranab daa)- the words,language is a warning. There is no wrong intention to the regulars.
Deepak - how are you missing it?
PS's throws best OoT !!!
tota mit..
hi..
cn u update unitech chart
@manu,
sure, will do it EOD
@ arvinder,
The idea was to book out at the gap up opening (our initial level missed by a few points) and buy back @ 5100.
Such positions as well as created @ 5035-5050 could easily be carried for more highs.
Another high past today's 5139 will give a negative divergence on Monday or (today).
Hi everybody!
Its for those who ask Mr.Ilango "I bought put or calls so what to do?" "I bought or short Nifty so what to do"?. Why dont u people try to understand Tech Table & levels? Bcoz if u will not do this then without Mr.ILango u will not be able to move a single step in trading. So its best to learn & do it at urself with stop loss, all the best & take care.
Rgrds,
KUMAR
So, the day’s coming to an end.let’s wind up.
Fish are best sold in the fish market.Selling near a Temple or a School is a nuisance.
Try to learn fishing ,which no fisherman will teach.It will provide u food lifelong.
Caution is a most valuable asset in fishing, especially if you are the fish.
Fresh fish begin to smell after three days.Fishermen remain always smelly.its better all fishermen take the cue and leave as I am doing.
Bye all.
And yes
Mr.piyush sharda seems to be in business of piggery,u can catch him for some valuable advice as fishing
ilango sir nifty now trading at 5114 can i exit
STOP UR FISHING GAME NOW GUYS< we are in dieing hours
and KUMAR
why dont u kindly guide us regarding the same, please
rochak
I had also seen that interview of Sushil Kedia. I should say he was extremly confident.
It was looking as if he will sell his house and go short on nifty
LOL back to bedlam
arpit : 1. Check San's site on TISCO & Stock wealth.
TISCO F&O price has to be supported by OI. Will check and post in N50.
Maruti ...do...
Nifty has held the redrawn support line & moving higher. Trail with 5115NF now.
b to b : SK wants to sell our houses and go Short...
He wanted to go short and then sell our houses
hi
dear sir ilango,
can i book profit at this level i am buy last day
at 5040 level nifty and bank nifty and other ril call
now u say "Another high past today's 5139 will give
a negative divergence on Monday or (today)."
so at this level can i book profit or wait for
another high
regards,
alpesh
Dear Rochak!
I m here not to do this, i take help of those levels and trade for my clients by my own charts. Nobody can run long by help of other's stick, u have to be independent. This platform always help in that but for every individual trade call, best to go some so called profit making paid services.
Rgrds,
KUMAR
bye Dear Fisherman. Go singing
Water water everywhere...
not a drop to drink.
rising window with a doji! shall i go with window or doji?
Dear @TOT-Amit!
what a lovely & short joke,maja aa gaya.
KUMAR
Head and Shoulders in the five minute, drop on Monday opening
Correction, in the two minute
Sethuji - our internals are always good. I am very scarred of the Externals - EU + US. Confident that the white devils won't deceive us? I am very LONG.
@ alpesh,
Book Profits.
Ilango sir,that book profit was for all conservatives??
I missed market closed.
RAJA
LOL @ i am very long
are u a 7 feet 11 inches
Bye Sir. Bye Friends.
FISHERMAN=RAJEEV VERMA
Anyone cn u tell me from wher to see hourly charts...which cn be seen from the time nifty was at 5400 levels??
Regards,
Neha
@ bizagra,
alpesh was restless and I wanted him to have a good sleep this week end.
There may not be a gap up with "OB" short term and even if there is one, it will be short lived.
RV,
Good one
thanks sir, friends, fisherman
today lots in my mind, the happiness of seeing you all showering affection,
and the troubled mind for reasons known now...
on the big questions of why ....
bye all
Ilango Sir,
Thankyou very much for all ur guidance
Missed to book my 5200 call, wanted to sell above 50. now its back to cost :(
Missed to book my 5200 call, wanted to sell above 50. now its back to cost :(
Neha,
Please send your email id to msravi at gmail.com
I will send you the charts from 5400 levels
Ravi,
May i also request you to email me the hourly charts from when nifty was at 5400 levels please.
my email id is pragatimungekar@gmail.com
Thanks,
Pragati
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