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...
39 comments:
At which level to buy & to exit. Sir I don't understand technical. Pl guide me
Good morning ilango sir and everyone
@Ilango sir
Liked what you said yesterday
Please show them "your way", not just "the destination"
Nifty daily chart analysis
http://niftychartsandpatterns.blogspot.com/2010/07/nifty-daily-chart-analysis_09.html
Thank you
Was trying to work out some gann dates...
As per him 49 days (4 weeks + 3 weeks) is
Important .. Now guess what
Apr 7 - may 25 = 49 days
May25 - june 21 = 4 weeks
June 21-- jul 12~14 = 3 weeks
If sir says short/long now in the 12~ 14 timeframe
It will be perfect marriage of time/price
Gm All
" Some flowers spoke with strong and powerful voices,
Which proclaimed in accents trumpet-tongued,
"I am beautiful and I rule".
Others murmured in tones scarcely audible,
but exquisitely soft and sweet,
"I am little, and I am beloved"
By George Sand.
==============================================
@yoda
Yup..took a day off from my work...saw lee's post...and wrote one too...quite a sermon,I am afraid...but what the heck we all are allowed a bit of eccentricities here (Ilango has been real patient with all this)....
Cheers!!!
Max. Nifty can go up to 5330 today.
Good Morning all!
Options OI PE/CE - in lakhs
5100 - 10/63 - 10L puts unwound !!!
5200 - 51/86
5300 - 59/58 - 5L calls unwound, 7.5L puts added - BULLISH
5400 - 74/14 - 9L calls unwound
Asian markets up 0.5-1%. Europe up yesterday. US markets ( on low volumes ) up. SGX Nifty up 20.
Sorry i meant CE/PE ( not PE/CE in my prev note )
@gd & option experts - small query.
what could be the meaning of 5100 puts being covered?
If market is really bullish, puts will be unwound @ ITM. I request you to throw light on this.
Regards,
For Today MySAR_A level for Nifty Future is 5254 and for Bank Nifty it is 9417
http://www.4shared.com/document/DBqghDWm/Points_earned_8th_.html
http://www.4shared.com/document/mywuG-dJ/NF_BNF_MySAR_A_8th_.html
Below MySAR_A level take short position and above it take long position.
For all option analyst from IDBI paisabuilder site:
Yesterday's data shows a good addition
to the 5300 puts (always an indication of bullishness when it happens to ATM
strikes) as well as unwinding of 5400 Call positions. We also find some nice additions
to 5500Calls. We see all these as bullish actions that indicate a market making
grounds for some more advances. Looks like a big build up of positions at the 5500C
and at around 16 or so, this cannot be sold calls. Has to be fresh longs only. So, the
best thing may be to join the gang if there is signs of bullishness today.
GM to Ilango Sir, Yoda Sir and All
hi
ilangi sir g.m.
take a short here sir ? nofty touch 5342 .
plz give suggestion
regards,
alpesh
sorry ilango sir
type mistake
Good morning Elango Sir and All
Have a nice profitable trading today
Hai everyone
Apollo tyres is tradng close to its weekly trend line and the daily chart is showing a break out.
http://niftychartsandpatterns.blogspot.com/2010/07/apollo-tyres-ltd-weekly-trend-line.html
Thank you
Firstly, a "Big thank you" to all those readers who have been working diligently & contributing their works with "OI", TA", "Gann Turn dates", "Astro", "EW", and news & events , etc.
Much appreciate your time.
Also a big Thank you to "Lee", "Manoj".
= = = = = = = = = = = = = == =
One can do "part" booking @ 5345NF.
Reenter where..? 5325 or 5305.
If not, Hold still.
= = = == = = == = = = == =
Hi,
In the initial part of the july series, nifty was trending downwards and has reversed higher the last few days typically with a gap up.
Does that mean shorts are still open in the system and no short squeeze has been seen yet? Is the unwinding of the call options an indication of short covering?
thanks
Good Morning Sir and Friends.
Great Shot on Bharti. Must be highest climb in single day today?
@ alpesh,
"5345" has acted as a resistance earlier. Hence, a "Part booking" of longs. Being in 5th wave, I would not suggest "selling" presently unless you are playing for few intraday points.
If we spot any weakness, we'll alert.
@chivukula,
My 2 cents...
I am a beginner. By my understanding, options data is a contrarion indicator. If PCR ( put/call ratio ) is high, people think it is very bearish and usually market ( or the makers ) behave the other way and viceversa. So when puts are unwound, you can expect market to go down. Again note that there are many more factors that come into play. OI is a tough thing to judge how markets will behave because the "big" guys can manipulate it easily. Remember that 10 lakhs at 100Rs an option is only 10 crores. Which for FIIs is nothing.
A decisive cross of "5345NF".
if I am not mistaken nifty had reverted back from 5347.9 levels in may future from 24/25 th april and gone through a 4th wave correction so this is the reason it is facing tough to climb above this and if it succeeds we are really in for higher levels
Good morning every one !!!
Main Gann Turning Date is June 21, when Nifty made current season high of 5375
and minor turn date is July 7 around which time it has made a low..
NExt turning date is Aug 7.. Next major turning turning date is Sep. 22.. However, as per Astro, From July 2nd half till Sep First half turbulent time can be expected .. Hence better to be extremely cautious...
if it does not scale 5360-5400 this round we will have a H/S in nifty and also a triple top which can be bearish
@ all
Yt indication on volume front @ 5345?
Di d it cross it with good volumes or not?
the turbulence also will be due to geopolitical reasons as there will be monsoon parliamentary season on sugar sector may face ???/ due to pawar's ? shifting
It has to go to 5400 today according to vivek patil or the weekly high won't be broken.
@musti, 3.6L on NF at 9:45, if it helps.:)
NEW POST DONE
As per our EW posted yesterday intraday on request of "Manu", this upmove is (iii)rd of iii wave of the 5th.
Hi Yoda, what is the weekly high and what is the significance
of the weekly high?
Please post FIB levels - Sujatha do u have time? It seems to be respected.
for the first hour the upper value is 5354 which held.
Sugested
Tech Mahindra @ 755-760 now 780
Tcs @ 750 now 777
one can book partial profit in both.
OT...ventura calls today...Buy MTNL, GLOBUSSPR, IBREALEST.
Take a look at voltalamp transformers Yesterday up nealy 12%
Can buy for 1250++ here.
Stake sale in the air
@Elango sir
shall I go short at this level NF 5355.
Please guide me
@ RG - Today's upper BB 5373 MID BB 5267 Lower BB 5161
FIB - Weekly R 1 5311.37 R2 5342.44 R3 5389.04 (coincide with TOdays BB 5373)
MONTHLY FIB R1 - R1 5367.60 (Previous gravestone doji @ 5366. this too coincide??)
by the way who knows today the DOW OPERATORS may trap the bulls... and pull the dow down @ their trading time, so that ASIA may weak on Monday(who are all long will get a slap on monday) or else today itself they can show DOW FUTURES -ve after some time... then all will loose their gains... just a thought.. (thinking too much??? :P :P
Hi all and Sir
Responding to Sujatha's thought: a few points:
Dow has resistance at 10209 and if can't close above that,
it can see a fast fall. Already it's H&S pattern in daily chart
is prominent. It is trying to save its neckline and
crossed 10000 . Now to watch.
regds
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