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 ...
60 comments:
and what i expect is a
STOCK SPECIFIC HOUR, with nifty range of a 5252-5255 to 5275-5295
Big thanks to the person posted ICICI msg, as we know in advance that the fall is due to ICICI rumor and those who has taken benefit of the fall is rewarded well.
My post of symmetrical Triangle in Nifty 5 min chart failed due to the fall but still I manage to average my buy price @5208, knowing the ICICI rumor.
however it could have gone otherwise too... but still the risk reward was on buy side.
Thanks to person once again.
:)
just a reminder..we are trading above monthly high ema ( around 5245) now
gautam bajaj, the wonder DATING boy
please mention how to get invited to ur blog
thanks
regards
I also wish to confess that once I get into doubt when I see 9RSI & 14 RSI moving up the price line and suddenly Nifty fell.
but Ilango sir's T.A.Table is simply gr8.
One More PUSH possible Mr VIX?
Scrip Name Target @2.30 Status
ABB 890.18 864.80 Cheated
GAIL 468.98 470.80 Thanks
HDFC 2957.85 2956.95 Thanks
HDFCBANK 2009.25 1995.00 Cheated
ICICIBANK 891.97 891.90 Thanks
IDEA 56.63 55.90 Cheated
INFOSYS 2816.73 2783.80 Cheated
M&M 649.68 641.20 Cheated
MARUTIUD 1386.74 1379.55 Cheated
NALCO 444.70 446.00 Thanks
RELCAP 773.85 764.80 Cheated
SIEMENS 732.53 732.85 Thanks
STERLITE 710.65 697.25 Cheated
TATAMOTORS 800.74 797.50 Thanks
TATAPOW 1275.75 1276.00 Thanks
TCSCONS 789.71 784.80 Cheated
lol, rg, do you get your vix data live?
ilango sir i had miss to book at 5273 can i book now or wait
Yoda - Trading terminal feed is connected to the home made software. Target for the day given yesterday and during the day keep checking. Above is the output.Available any time.
RG
with so many cheaters around u
i soon expect u at a police station near u after the market hours
what say
RG
Giving 7/16 success rate.
Dear Sethu - Even for "Ouvaiyar" "what is learnt if a fisful" - Ok. You are the Learned Student. (like Manu's learned Counsel).
Ema in your armoury...then it is Armour of God.
Hemant/rochak - My greed accepts nothing less than the target. Poor ones are in profit - but not fully milked. Not in SL zone.
ok, thanks, rg.
My ema studies are more fruitful than I expected. Thanks to Ilango mentioning ema every day, or I'd never have noticed it in the many indicators.:)
@ Soha,
It is in the profit booking zone - 5275-5295.
ok sir thanks
Unless specified, these are Spot prices.
above 5240 nf blasted, gret Ilango sir
Hemant/Rochak:
"Rajagopal said...
One More PUSH possible Mr VIX?" was the caption of the post. Nifty at +29 has come to +47. That is how VIX drives. That is the real purpose - once if declared "target acheived" u can bet Sir will create a small short for Intra.
===
Yoda - Beautiful it would. Will talk there->
Elango Sir
Shall I short at this level 5280 spot
sir i had book nifty at 5290 . sir can take possitional short from here if yes what should be the
sl
Who was concerned about "Tata Motors" slow move few days back..
Now crossing 800+
Sryasdmurali/Soha.. Nifty is in no mood to go down today..
please read Sir's message
"Now getting closer to that time to Book Profits(5275-5295).May even attempt 5300+"
So wait for the targets to be achieved
just my thinking... would wait for Sir to give go ahead;
SIl
Elango Sir
Nifty cross R2 level 5275.
What is the next level to watch for short
Let RIL reach 1200+ and then we should look for real shorting (Provided it hold 1040approx). Till then "shorts" are played for small gains.
The point is - each resistances are being taken out..Even for the next short term dip, one should wait for 5300+
@ sryasdmurali,
On such a day as today, 100 points run possible. SO 5206.80 + 100 = 5306.80
NF has given 91 points.
"Tata Motors" - I was one Sir. Very worried about Nano's starting problem. Happy low priced edition is running well.
@Ilango sir
your views on ril for short term, specially tomorrow is AGM and lots of hypes but no price movement
dear ilango, i bought 5200 put 7 lots at 66 rs now 19 rs,
could i hold next week, or which level i should exit?
Sethu Said...
"...learned EMA technique from Ilango sir which has become one more weapon in my armoury..."
@Sethu...
You are really doing a great job esply with the support of your new armour.. keep it going..
SIL
Sir,
One major fact in this rally is the Lead Indicator "TISCO" is mute. Biding time?
sethu
u cvrd ur positional longs ystrdy..wht i remeber
ok, here's one to help paresh.:)
"Paresh said...
Sorry to be late today.
Today's range: 5150-5240. Close: 5170+/-20.
Watch out DLF."
Today's actual range: 5207-5292
You were off by 50 pts in either direction. In fact, 5240 was close to the buy zone for longs - if I'd followed your advice, I'd be cussing you out right now.:)
Sethu ,
Time to start with your paid calls ?
Hi Ilango,
Will RIL touch 1200 by this expiry? if so nifty will be attempting 5400?
er, that's NF range, still, not very different from spot.
Paresh, it might also help you to do what I did and analyse after market hours.
shr,
Please..No.
It has a break out point @ 1100+ and then only.
I will update the file tonight @ stockwealth.
RG
whts the time fr RIL agm
The break out point is 1135. A close above 1085 may give the early clue.
@Ilango,
I realize that I get confused when expiry period. I assume that if the larger trend has been upwards nearby expiry profit booking will take Nifty down, and if it's downwards then short covering will take it up...But, I have seen this assumption failing many times...where is this wrong...I don't understand...
Could you please explain ?
Regards,
Ankur
11 am Manu
sethu..thnx
ok intra longs are carried as positional fr a trgt of ?
correction: today's close: 5270+/-20
Thanks Ilango. I was hoping for some fireworks from RIL.
thanks sir and all the buddy's.
This blog is a real boon to small investors and traders.
A big Thumbs up to all the members.
@Paresh.. its too much boss..
when your range is
Today's range: 5150-5240. Close: 5170+/-20
how come ur close suddenly changed 100points (Correction..)..
come on give us a break..
SIL
Ilango afternoon. You haven't specified on dollar index?
Based on what, Paresh?:)
If you and Sethu share your systems with us along with your levels, we'd be grateful.
thanks paresh
that was too early to correct urslf
@ Ankurbhatt,
My critic is a mathematical wizard and was once a Professor.
His logic is quite simple.
If the prices are trending higher in the series or near the highs closer to the series, there is no pressure on the bulls. They don't need to book profits as it can easily close by themselves at the highs whereas the "losing side" is worried about the losses/ MTM, etc and hence the panic is always from the losers which can keep pushing the price higher.
This series had a range of 5148 to 4961(Spot) and hence above 5148, the bears are losers and the bulls are winners.
sir,
I know you are used to all these prasing words day in and day out, but still i could not resist to acknowledge and give heartful accolades for your patient, consistent & pin-pointed probabilities. The momemnt NF went past 5245....it stopped at 5261. Hats off sir.
If anything is left badly desired in my life, it is to become like YOU. I want to mould myself the way you follow and guage market, the way you conduct youself, the gem of one-liner principles of morale.....incredible sir !
Thanks for being for all of us....
regards
Bye Sir and Friends.
To, Yoda
Sethu's system is simple based on fibo retracements. If u follow sincerely any one's calls for 1 month u can track his/her system and the reason behind it.
For example according to Sethu's system for current up move target were
5192->5215(17)->5261(54)->5295->5338
Thanks & Regards.
correction: range for today should have been posted as : 5240-5290, i had not had my office tea so i blundered, maybe.
today first time i visited ur blog but found very usefull for all ur followers. hats off to u sir for ur analysis.
If the market does not go back to 5150 by this thursday , i am toast. What are the chances? please let me know.
Sir,
Mail.
Based on Price+Volume I find DLF,GAIL,L&T and TMF to be very attractive in a +ve environment tommorrow.
Let's see.
i averaged my 5000 put @10.6 Rs. today morning :D
can i buy 5200 july PE @ current lvl?
whr u see june expiry?
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