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...
43 comments:
test
sir where i can watch live world market?
Ilango sir, sud i exit longs taken @ 5382 or wait with 5380 SL?
Thanks
violet said...
sir where i can watch live world market?
From moon (pun plz excuse me cant help :D :D)
@violet
u can watch from below link......
http://www.cfdspros.com/indices/futures-indices
Violet
Link http://finance.yahoo.com/intlindices?e=europe
Dini bhai,
as usual :)
thank you sir
Solid congestion zone. Saw for the first time in my 8 year exp.
@Dinesh,
http://www.calloptionputoption.com/marketwatch.html
right pawan ...... we cant even thing of 10 pints movement nowwwww
The word "Stagnancy" acquired a new dimension today. I am feeling not only sleepy, I must be in a coma now. :(
LT, ICICI Bank trying to shrug off the inertia...
again 5403, Will it get past 5405 convincingly???
Ilango Sir,
=====
I have long in NF @5378 .Can I hold it or exit now?
Thank you
GD in my initial learning days I use to track DOW fut and all, now I track only and only price.
"Bull reading the intra chart:
Correction to the upmove from 5363 to 5409 ended at 5380 and a new upmove is on.
Bear reading the intra chart:
A 5-wave down is over from 5409 to 5380 and a corrective "abc" in 3 wave form over @ 5399 and a next down move is on.
Both are right so far. Now in the next move, one of them will disappear.
"5385 - 5405" would decide that."
It means -- if NS fails to cross 5405 (just came back from 5404, longs can be booked and again added if sustains above 5405.
yes price, the most leading and non-lagging indicator
Looks like Nifty was born free and held every where in chain today.
Ilango sir wht if we close below day ema today?
@ VIOLET - http://www.calloptionputoption.com/marketwatch.html
@ Dinesh - :) :) as usual comment
we are onto day5ema
on NF i meant
Good bye Friends one more boring day, but Puli will come one day.
hi dear sir
our s&r below @5380 so whats shuld be sl for nifty ?
regards,
alpesh
Hi,
Forex Tips – Money Management
http://sharesonlinecharts.blogspot.com/2010/07/watch-forex-free-tips-for-money.html
@ alpesh,
That was for intraday only. Nifty is still within the narrow band.
If it closes below 5377, you can carry the shorts.
@Bizagra!
Do you have short in NF?
Doesn't look so hopeful for the bulls now ... if the bears can pull it down so easily.
sirs call made an Up hit, and a down hit.
buy , and sell at 5405 short at 5405 down
@prabhakar
No
Looks like Bank nifty pulled index back to safety , BN pulled back 35 points in no time ...
Thank you Bizagra!. To day is very boring day.Small gain only
Bye Sir. Bye Friends.
bye sir,
bye friends.
:)
[i have to use a smilie,
lucky RM need not, his avatar does it for him ...]
very boring day really. Holding Longs for last 3 days as no exit oppurtunity got catched.
Turnover 93000 Cr.
Hi Friends,
On Friday, HCL Tech MySAR_A level hit for long trade at 359 and now on Monday it closed at 378.
(lot size is 1000)Rcom also hit MySAR_A level of 187 for long trade on Friday, today on it closed at 192.30 (lot size is 2000)Both these trade gave fantastic results.
-gauresh59
Hi Friends,
Today, RelInfra hit MySAR_A level of 1152 for conservative shorts and it closed below it at 1147. Let us see how it will behave tomorrow...?
-gauresh59
@ Gauresh59
how we can find the MySAR_A? pls guide me.
thanx
tanmay
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Nifty Views For Tomorrow : Nifty Is Likely To Trade In The Range Of 5340-5420.
The market is expected to be volatile and would move under the influence of results. The consolidation phase is expected to continue with support around 5,300 levels. Nifty is likely to trade in the range of 5340 to 5420.
Nifty spot chart suggest that the market is trading in a sideways trend with 5,420 acting as a crucial supply level and 5,340 as a support zone. Nifty should face selling pressure below 5,420 level while downside support will be at 5,340 & 5,300 level. A breakout above 5420 will negate the earlier possibility and breakout could lead Nifty spot to 5,485 level. On an intraday basis, Nifty spot should find (PIVOT) support near 5,360 & 5,337 level while the resistance will be at 5,409 & 5,433 level.
Ref : Stock Market Tomorrow
In the article below you would get to know when to expect high returns from share market and is it really possible to earn high returns from the stock market trading
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