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...
46 comments:
RGs 2.30 factort started playing.
if we close below day LEMA..then that could be the awaited confirmation for weakness as we have already closed down below HEMA and 5EMA for last two days..just a reminder to all
Dear Ilango sir..
NSpot now at 5398 can this be taken as S&R or should we take 5390 has conservative SHORT positional;
SIL
Dear Ilango sir.. please read this
NSpot now at 5398 can this be taken as S&R or should we wait for 5390 to come to take a conservative SHORT positional;
SIL
TISCO can go down near 520 as large open interst is standing on 520 call. Let's see.
Very boring day.
Bank nifty just zooming!!!!!!
Ilango Sir, San,
RIL is holding 1011 for long today. Is this the support for intraday?
Good oi build up seen in 1020 call.
Its just amazing in bank nifty
From 10100 to 10150 in a Lunch.
Strange are the market's ways:
Tata Global with 50% raise in Profits is dumped.(high 121 to 115)
Ultratech with 50% drop in Profits is preferred.(low 837 to 867).
bought tisco 540 july put @10 SL 5.
H and S pattern in tisco futures 5 min chart!!!!
sir, positional august short stop loss
damn the charts on yahoo stopped at 2:41.....
Turnover Great
F&O - 112500 cr
cash - 11500 cr.
If 5390 is held, 5415+ is possible.
@ SIL,
If the day's close is above "5414", lighten on the shorts.
Ilango sir,if we close above 5 day ema @ 5414, conservatives
shorts gonna exit?? or carrying ??
Sir Nf or NS
as there is huge premium in Aug.
Thanks Ilangoji..
SIL
hi ilangoji & friends
http://www.google.com/finance?chdnp=0&chdd=0&chds=0&chdv=0&chvs=Linear&chdeh=0&chfdeh=0&chdet=1280397600000&chddm=1173&chddi=300&chls=CandleStick&q=NSE:.NSEI&ntsp=0
use the above link for nifty realtime chart by google
should insatall adobe flash player
regards
rajamani
Remembered RG and took shorts in Bharti Airtel now. RIL making new lows.
NS increased 7 pts. now. NF aug rose 1 pt.!
SBI & ICICI bank fired up!
ril touched 1008
5415 gets breached lows of wave 1 , could touch 5445 top of channel
sir bank nifty reaching close to 10200 .few days ago u
told 10250 wud be good levels to short
@theprofiletrader,
"3rd wave started from 5450.95.
Sub waves as follows:
i) 5450.95 to 5422.20
ii) 5422.20 to 5440.85
iii)5440.85 to 5381.60
iv) Started now - should not breach 5422.20(i st wave)"
-- Ilangoji today.
Looked like july shorts squaring off.
Bank nifty aug futures 20 points discount - july futures 10 points premium - time to short????????
Again the Banks are stealing the show. They escaped the interest revision (Low) and now fantastic results.
Bye Sir. Bye Friends.
Sir btw - I remember a Friend with a "Expiry" point logic. Logic for this expiry is defeated? This Expiry ending over the July one - denoting UP side ?
Huge,huge Turnover Nse Cash 16654 +NSE FNO 145603+ BSE CASH 4533 = 1,66,790 CR.
Very high turnover on the back ground of resent sustainable FII strong inflow when Dii are net sellers.Very Interesting trading days ahead.
Hi Ilango,
Looks like a falling wedge now. Some more downsides . Maybe around
5360 and then a marginal high to finish of the big 'B' wave.
The bears need to keep their powder dry as we are looking at
atleast 700 points if it is the end. No need to go looking for the
top.
Mr U Jain - You are not the only SMART one around. Others can see how CHEAP your tactics are. You are WORSER than the DESPARATE and SHAMELESS Prostitutes found inviting customers on road sides.
Sorry friends for the language - this man is becoming a menace exploiting Ilango's good will. Look at the silliest question, a pretext to post his calling card.
Let's vow never to fall pray to these blood sucking,self centred leeches.
@ rg
don't spoil your good mood. I think we can request sir to moderate such entities.
lol, RG, you caught that. Good for you.:)
I was wondering how everyone misses these supersneaky guys (who've been pretending innocence) and only notices the inky pinky ponkies (who seem to be quite innocent).:D
RG sir
what will be stoploss/tgt for Bharti ?
RG, good outburst - i am with you in that.
RG sir - good one.
Looks like every TDH has a blog these days offering 'free' tips.
Surprisingly all the recent spammers are from Indore!!
TODAY RIL CLOSED AT 1010.45 AND I HAVE 250 SHARES OF IT, PLZ SUGGEST ME WHAT CAN I DO FOR TOMORROW, I AM IN TROUBLE IN THIS MARKET FLUCTUATION.
dear ilango,
market report of 29th july and commodity eye updated on blog
www.commanarkets.blogspot.com
regards
Ilango Sir..
Its too much of spamming here these days.. i think you have to start access to your blog with email invitations... thus you can verify and control these spammers...
Pls give a thought...
SIL
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