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 ...
29 comments:
just checked at what time Nifty hit Hawala Today Also it was 9.19 am was traded below Hawala rate 6101....Nf was 6123 also below NF hawala (6130) ,, spot hawala 6101 and NF HAWALA IS 6130..THOSE who shorted NF at that time got 70 point ,, my genral observation is when ever Nifty started to below Hawala rate Comfortabley then nifty has gone at list 100-200 point...ple note that this is not a rule but hawala is a such a figure which Opertor r useing ,,,, my expriance about hawala rate is since 2001 ,,, 99% sucesss rate ... thanxs
@prashant
NS was almost 80 down from hawala and similar is the case with NF. In your abobe analysis u have not mentioned 100-200 points up or down. pl if you could clarify.
how to watch hawala since 1994 go to the www.nseindia.com than click on F@O THEN go the Historic data then click on contract wise price volume data ,,then select instrument eg,,FUTIDX THEN SELECT symbol eg,,Nifty then select expiry date ,,eg,,30-12-2010,,,then select from date like if u watch 30-12-2010 future series then select prev expiry date like 25-11-2010 so u select from date is 25-11-2010 to date 30-12-2010 so u can watching about nifty future starting of dec (30dec expiry which start from 25-11-2010)
..hope u all understand ....
Dear Ilango Sir
Can you forward me the Tech Table excel File.
Will be thankful to you
Regards
Abhinav Banta
lithium.monty@gmail.com
dinesh i mention about 200 point if u hold the trade like sold 2 lot and 1 part book and rest keep holding at list for 200 point ..hope u understand
dinesh when nifty trade below hawala u looking for 200 point for the down side only and when nifty is above hawala rate u looking for 200 point up
@Prashant - excellent study u have done and shared with us (simple trading method) hereafter will monitor moreeee. So r u expecting 5900 levels ?? after a bounce? Is this applicable for all indices + stocks?? if applicable means is it good for investment?? but expecting a bounce STOCH%K is completely "0' level. let us see.
anybody using "stockcharts.com" for EOD charts?? if so kindly provide me the link of "individual stock symbol column"(for nse and bse stocks) i am not able to trace. thanks n advance.
regards
nifty expiry of 31-12-2008 ...NF hawala is 6120 NF MADE HIGH 6336 ON 9-1-2008 THEN AFTAR ON A 15 JUN NF CLOSE BELOW HAWALA 6071 CLOSE THEN NIFTY GONE TO THE LOWER CIRCUIT ON A 22 JAN 4420...
so i share Hawala methoed i hope all r benifit to make profit and thanxs sujata .. mkt bull above hawala till then its bearish.. i dont know what is the lower level...
Thanks alot Prashant.
I will do back testing as you said.Really appreciate the pain you have taken to drive your point for benefit of others .
Prashant,
So, the month settle price is hawala price? Meaning for
entire Jan month, this 6101 is the relevant(hawala) price?
Apologies if I am asking naive doubts.
Regards,
@prashant shah
prashantji,
one question, for hawala trading we have to see the expiry rate of next month series. for e. g. in january on the day of expiry we have to note down the expiry rate of faburary, am i right, please correct if i am wrong. also please tell where we can get the figure of next series expiry. thanks
@Prashant Shah,
Which level is halwala level for NS & NF?. I am not able to get levels of 30DEc2010 expiry from date 25-11-10 to 30-12-10.
On 30th 6101.85 is level. If this is hawala level, then why should we see levels from 25-11-10.
Chandra
chivukala yes 6101 is for entire jan month..thanxs
sanju... feb hawala u get the last day of jan expriy eg.. on 25-01-2010 u got feb hawala thanxs i hope u got it
chandra... Hawala rate u can take NF OR NS BUT NS HAWALA IS MORE CORRECT BEC NF IS SO MUCH PREMIUM ....AND I MENTION that if u back testing of entire of dec expirey i mean prev expiry so u can watch that and back testing of hawala of dec ..so u can able to do study and watch how hawala is working of entire Dec expiry... thanxs and u hope u understand
chandra ...if u back testing of dec hawala then u select from date to date eg.. if ur back testing of entire DEC hawala ... u have to click from date box and select date 25-11-2010 which is hawala expirey date then select to date box and select date 31-12-2010...
sanju... feb hawala u get the last day of jan expriy eg.. on 25-01-2011 u got feb hawala thanxs i hope u got it...
and u rite jan hawala u get on a day of exp DEC eg last day of dec expiry u got jan hawala ..
@prashant
Thanks for all the details and sharing your experience.
did anyone follow US ETF trading in US time. Right now EPI
most traded indian ETF got huge spike in sell volume
at around 11.30 am EST. Its huge huge sell volume compared
to avg volume of this etf.
Not sure if this is pre-cursor to coming days downpressure
@prashant shah
thank you prashantji
Dear prashant shah,
Thanks for sharing your thoughts.As it is from Mumbai means direct from the trading ring so it has it's own importance.
You shared "my genral observation is when ever Nifty started to below Hawala rate Comfortabley then nifty has gone at list 100-200 point..."
but this time expecting 120 points means if it shall drift tomorrow then in the worst case scenario either NS or NF, it should stop around S1 i.e.6010,as it is very strong support downward.On the contrary up to 6010 lots of supports there but as it is trading below all prominent SMA's and EMA's,the worst case scenario is assumed.
Today's low for NF 6046.30 and close 6072.25.Even it crossed 6080 at least once,indicating intraday short covering,NF O.I. below 2 CR.These facts are slightly favorable for bulls but they should not expect immediate reversal tomorrow it self.
Huge addition of 19.35lac O.I.in 6100 CE shall decide the fate for NF-NS,whether writer was more powerful or the buyer.
Dear Prashant can you please send the method
of calculation for HAWALA at akr2342@gmail.com.
Thanks with regards
anand
Dear Prashant, very interesting.
A request - since you post here everyday - for 7 or 10 days - is it possible for you to put few lines daily (before 9.15 am) mentioning like "today's hawala rate is ..... and if NF auctions below/above it then it can go to....." this will really help all of us understand your method practically for few days till we get hold of it....hope that is not too much of a trouble...thanks
prashant,
Sounds like a very interesting method, though my mind can't seem to absorb it (probably because of the simplicity:). Hawala sounds fascinating, but not being from mumbai makes it hard to understand. Sounds like a pivot pt?
I second Janak in that request - if you could post your hawala method real time for a few days, we can check out your idea. Thanks in advance!
Another strange thing I just noticed is that mynac and prashant said the same thing - mynac for jnSAR and prashant for hawala. Do mumbai traders use a particular language or is this a coincidence?:)
mynac said...
Just checked,at what time Nifty hit JNSR today.It was at 9.22 AM and at that time NF was 6108,means those who shorted NF at that time have got 50 points.
A general observation is there that whenever Nifty has started to trade below JNSR comfortably then Nifty has gone at least 100 points below from JNSR point.
January 6, 2011 4:15 PM
prashant shah said...
just checked at what time Nifty hit Hawala Today Also it was 9.19 am was traded below Hawala rate 6101....Nf was 6123 also below NF hawala (6130) ,, spot hawala 6101 and NF HAWALA IS 6130..THOSE who shorted NF at that time got 70 point ,, my genral observation is when ever Nifty started to below Hawala rate Comfortabley then nifty has gone at list 100-200 point...
January 6, 2011 9:05 PM
prashant,
Correct me if I'm wrong, but these were the hawala rates for the last year by contract:
Apr 2010 - 5254
May 2010 - 5003
Jun 2010 - 5320
Jul 2010 - 5408
Aug 2010 - 5477
Sep 2010 - 6029
Oct 2010 - 5987
Nov 2010 - 5799
Dec 2010 - 6101
So the next month's Nifty prices are calculated as nifty trades either above or below that by 100-200 pts every day. Am I right?
Dear Yoda,
Dear Prashant also wants to say regarding Hawala on the same lines so might have taken just reference mere coincidence,Nothing else.
lol, ok, mynac. ty for clarification.:)
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