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 ...
48 comments:
approaching 5180 ?????
Yes..Fire,
Another round of intra selling is around the corner as per 5-min charts and that could be @ 5240.
Ilangoji,
Thanks for replying. In that selling,what would be the suitable level for buying in dips?
Sir,
BN levels(Stock wealth) worked well for me. re entered BN@9440
Sir,
I am confused. Intra selling ? To reach 5240 = another 25 pt gain, at steady rate it will take 30-45 minutes. Then is it safe to short intraday at 3pm ? Only 30 minutes for mkt close.
or do you mean sell at 5240 and carry forward ?
@ Fire,
It would be 5125-5140 as ideal levels to initiate longs.
I would prefer to re-evaluate the same based on the TA at that time.
@ Babu,
"Less time" being spent on BN is proving to be quite consistent.
R1 @ 5219 Spot itself is proving to be tough to reach so far.
Hi Ilango,
Why is Nifty raising inspite of being overbought and -ve divergences. OI inputs has been on rise but still Nifty is going high and high
Shiva
going up going up going up going up going up
i am not like it
i am not like it
just i closed my longs
i am waiting i am waiting i am waiting
i pray God that please don't move without me
i pray God that please pick me once again at lower level
come down come down come down
pick me pick me pick me
@RG,
can we start skinning the Big Boy at 1260 levels? We will get more juice. Would have achieved the 5300+ targets also...
BNF
pp 9494
res 9557 9593 9657
sup 9458 9394 9359
NF
pp 5184
res 5230 5255 5301
sup 5159 5113 5088
Mr 2.30 will take it to 5240 (or 5190)?
Manu Sir,
Watch Unitech, closing above 70 will give momentum
@ KGovind,
If you see the 5-min future chart of the earlier post, you will notice that Nifty is closer to the channel top. As it is a rising channel the levels too keep rising. It could keep trading sideways and climb higher too.
With short term divergences being persistent, an aggressive selling was suggested.
5-min macd has become flat now and may turn down any time.
Caution: There are exceptions when market may not oblige these indicators. Traders, by & large, use it.
@RG
Ask your Mr.2.30 factor to my favour. Can you?
@tota sir,
yeh "itafaq" hai kya..
i ws also wrkng on that..
earlier tisco..
san and u and nw me too
tally pathy Tota sir
5300 call starting to add some OI...16L added..total 75L...
5100 PE - 6L added
5200 PE - 10L added.
-- gd
I feel they have just started working on 5200 puts. Next couple of days we will see 5250+ as the FIIs work on the puts.
-- gd
yeah Manu sir,
high made 69.8
aaj message board par itna sanataa kyon hai bhai?
Rajgopal,
Y'day I have bought TCS future at 771, what will be support and resistense ?
Umesh.
Suzlon Falling Wedge
http://tradingontechnicals.blogspot.com/2010/06/suzlong-falling-wedge.html
Now I know why they're called Bulls - they're pulling the index up with sheer willpower.:)
5100 PE has piled up 13 lacs today....
sir, as you said 5120-40, if it comes, is going to be a bottom for the short term
at the same time, 5300 CE has added remarkable amt so for of almost 13 lac today.
regards
@yoda.
.willpower ws good:)
BTST as per Price indicator - 3 pm with Spot @ +24
Scrip Name HIGH-Rs
ABB 889.47
ACC 891.41
AXISBANK 1272.65
BHEL 2436.23
CAIRN 311.06
CIPLA 343.37
DLF 278.35
GAIL 469.23
GUJAMBUJA 118.48
HCLTECH 395.17
HDFC 2903.26
HEROHONDA 2060.65
HINDALCO 149.67
HLL 263.48
ICICIBANK 879.18
IDEA 55.83
ITC 296.33
L&T 1757.72
MARUTIUD 1372.18
NTPC 204.83
POWERGRID 104.34
RANBAXY 442.88
REL 1222.91
RELCAP 759.58
RELICOMM 195.40
RIL 1085.64
RPOWER 184.49
SAIL 206.18
SBI 2410.09
STERLITE 701.73
SUNPHARM 1721.22
SUZENER 58.84
TATAMOTORS 783.64
TATAPOW 1283.41
TCSCONS 781.48
TISCO 504.48
UNITECH 72.41
Following could be special ones on upside :
Scrip Name
ACC
DLF
RELICOMM
RPOWER
STERLITE
SUZENER
"5245" has come but in Future..
An aggressive level to SELL.
@ raja
why you have not included in ur list of Nifty stocks?
Please include it ...
Mr. Elango
Shall I sell Nifty Fut at 5232
Ilango sir wht will b sl for this aggresive sell?
Thanks
ilango sir can average my nifty shot at 5235
Ilango Sir,
======
Sold Nifty future @5235. Can I hold it for tomorrow?
=======
@Bizagra!
Can Aggressive sell hold for tomorrow?
@Prabhakar, even i m waiting for masters response. If no
response i ll carry.
Sir,
Long positions ,please be careful.Those beliving astrology, SUN square Satrun is approaching along with Raghu.
Thank you Mr.Bizagra
I also have shorted @5235NF and carrying for tomorrow, if not advised otherwise.
@ilango sir,
Longs continue to hold ? I went long at 5185. It did not hold 5240 today. Is that a concern ?
Thanks
-- gd
@biz prabhakar
sir cant give intra at 3.15
Hi Bala - is it on 21.06 or earlier ?
Ilango sir, plz give SL for our aggressive shorts in yr EOD
analysis.
Thanks.
Thank you Piyush sharda. I am holding my Aggressive sell
Hai everyone
Nifty is forming a bigger head and shoulders pattern in the daily time frame.
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-forming-head-and-shoulders.html
thank you
Bye Sir. Bye Friends.
Thanks Bala.
Dear Sir Ilango,
I regularly read all the intaligent posts on your blog. I sold nifty future ffirst time @ 5232 when you given green signal to sell Nifty.
This is my first approach on this blog. Please accept me and give your valuable suggestions & guidance.
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