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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
47 comments:
"5239NF" should hold now for a rally UP.
Did RNRL indicate a Shorting opportunity on 1/2.07? My logic.
1. The swap ratio was 5 or 4:1 RNRL:Rpower
2. RNRL trading @ 63 and RPL @ 175
3. 4 Shares of RNRL=252 is not = 1 share of RPL 175.
4. Gap (252-175)= 77 which is around 20 per RNRL share.
Went Short on this logic. Is it a right way of analysing swaps? Please advise friends.
RG,
Brilliant. You should have posted this. That is the way to trade it.
Sundar.
@ Rajagopal,
If Rpower is @ 175, 1 RNRL should be @ 44.00 as per 4:1 swap.
So "shorting RNRL" was the most logical thing to do.
"Always Ear to the ground"...!!
Few trading calls with charts and explanation
http://www.brameshtechanalysis.com/index.php/2010/07/short-term-trading-calls-2/
rgds,
bramesh
Nifty should be up at least 50 points just on RBI eyewash.looks like bulls not reached to their trading desk due to BANDH....
RG,
MARKET WAS EXPECTING 100:37 WHEREAS YOUR NEWS WAS 100:25
@illango
I am short at 5255NF, as u mentioned 5247 NS is the pivot. Let me know wht should be the sl to be kept.
I am planning to keep a 10 pts sl.
rgds
rishav
Ilango Sir,
If time permits, can u please explain the table posted
by u. I am new to this and wants ur advice. You can
also mail me at akr2342@gmail.com after the market hour.
Thanks with regards
Or waiting for the bears to short. This crazy market has been going up only when it falls.
Good morning Ilango sir and all
Hi Ilango sir and friends,
Good Morning. Last friday by EOD the MCAD has given sell signal. Please clarify about this signal. Am i right / wrong.?
@RG sir,
can i short RNRL futures at the current level. Please suggest.
@Anand
go through "Always Start Trading with these" label available on top of right side of this page.
@ Anand,
Go through the 8th topic of "Start trading with these" - Techtable reading. Sir has explained everything in detail
illango sir,
can i reverse the stratergy by taking shorts from now.....? markets seems to be in -ve bais
Tech table updated for 11.00AM.
We've been in this crazy correction from the 21st of last month, the negative bias might have worn itself out by now.
illango sir can i buy nifty at cmp with sl of 5230 spot
ilango sir, i shorted on friday due to closing below day low ema,
wht sud b my positional sl now. In last 10 days already 2 sl hit.
Plz suggest.Thanks
@ all good morning
When was the swap ratio wrt RNRL-RPOWER decided?...I think it was over the week end and there was no news till Friday's close
So how could one take position based on 4 : 1 mathematics?
Did we get any news close to friday's close?...as rnrl came off sharply towards the end of day
Please advise friends.
@Rajagopal
You seem to have a mastery over "chotey bhaiya's" body language
Glad he is not bald :))
Dear satheesh
Thanks with regards
Sirji - Thank you. Very much convinced about a tide against RNRL - went short.
HA : at current level NO. Price of both companies are even.
Mynac : Original was 5:1 later decided @ 4:1 (my info).
Anuj
Discussions and Noise was there whole of last week. How did you MISS it? Friday 5:1 rumour was there during market hours itself.
Sundar - Thanks. u know me. If i get an IDEA, I post it risking hefty laughter. Sounded on RNRL last week. (read about the swap ratio early in the week itself).
Next IDEA?
again Sundar - I stick to my early post of "News" once Aban touches 900. Could be a new Pearl neclace for the beauty?
RG - How can I forget? Your news-based info together with your hunches have always proved right. You were the first one to post here to stay away from Sugar stocks a few months back. I ignored your comment and bought Bajaj Hindustani and incurred a huge loss at that time. In fact I started avoiding sugar in my coffee also after that incident.
Sundar.
lol, sundar. I can also get furious with a stock like you and boycott it.:D
Anyway its better to add jaggery than sugar.;p
@yoda,
First paper trade from spreadsheet SL hit. Loss - 16 points
@sundar :))
You did a mistake you should have doubled the consumption in coffee
As you stopped consuming sugar demand fell...so the stock came down further
@Elango sir
Please guide me the significance of VAH POC VAL
VAH 5278 POC 5264 VAL 5257
What to do when nifty future reaches VAH 5278.
Shall I short NF ?
Kindly guide me
@all
I too want too add some my news...
watch out for FCH ..
rigging is on...
kishore is going for big this time...news confirmed sources...
NF has 5265 & 5275 as strong resistances.
@gd,
You should put it in a column beside the chart so that you have a trading diary.
I'm expecting it to go down to 5240 now, if it turns at the same point as it did on fri.
What is FCH?
FCH - Future capital holdings...
Disclaimer:(i dont hold any position)
Hai everyone
The resistance mentioned by sir shown here in 30 minutes chart with a trend line support break of these lines will give good direction.
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-futures-chart-with-support-and.html
Thank you
before 12.40 pm - Nifty should touch 5275
@yoda,
i have it as a separate sheet called "Trading Log". Check it out.
http://spreadsheets.google.com/ccc?key=0AllWKRfXQB-0dGxvTGstZEI4bGk2M2tqeEF4MG1TalE&authkey=CKqJzuoN&hl=en#gid=0
oh, yes, I just noticed it now. Good work, gd.
@ Sryasdmurali,
My simple understanding of Market Profile is:
VAL: Value Low - trading below it downward pressure similar to "Low ema".
POC: Power of control - Having moved above VAL, it needs to move above this point to have some control over uptrend similar to "Close ema".
VAH: Value High - Having captured POC, it needs to stay above this to assert itself of the uptrend and move higher to create new values similar to "High ema".
When Nifty is below VAL: Stay short & if far away from it and at a support zone, cover.
When Nifty is between VAL & VAH, Trade as in a sideways market.
When Nifty is above VAH, stay long and book out at earlier resistances or target areas.
There are VAH, POC, VAL for various time cycles. Have them in your trading plan to play it better.
Sir & Family
Gm..
look at this frm shai post http://www.cnbc.com/id/38088826
do comment for positional holdings..
@RM
dhoni n dheradun..ladki walae ho..
Do consider making the first 25 papertrades, so that you're not wasting capital on a system you're not sure of, gd.
Gm everyone
Any views on RIl for today, because it is the one who started rally previous week. Any clues for its short term movement?
Sir,
Lovely simple definitions. Request/Suggest to have a "FAQ" section prominently with such details to which the new comers can be directed.
@Elango Sir
Thnx for your guidance.
@manu
:)
NEW POST DONE.
@ RajaGopal,
Will do as suggested.
@yoda,
I will not do real trades based on EMA crossovers. Too risky. Maybe the 26-EMA. I beleive in trends and oscillators more. I am doing this to decide once and for all, whether this works or not.
In 30 min chart, over the past few days, I see positive div ( cci, stoch, rsi ) developing in Nifty. I like the fact that this has taken a few days to develop. Experts comments ?
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