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 ...
10 comments:
Bank Nifty close below 200 day EMA ( 10926 ). Since 20.03.2009 bank Nifty never close below 200 day EMA and that time 200 day EMA of Bank Nifty was 3865.
If trade as per 200 day EMA then your money is triple in 2 years.
Iska matlab Nifty Bhi ....... below 5646
If you have only one lot of Bank Nifty carry out in two years then your Gross profit will be ( 10926 - 3865 ) = 7061 points X 25 = Rs 176525/-
alert all@ in jan 2008 nifty was 6200 and FII r coming in a new year with selling and end of jan they have sold 29000 cr net so b alert bec in 2 days friday and monday they sold all most 2200 cr still pending ??other things in 2008 DII BUYING AND FII SELLING so b alert with sl those have bought nifty or stock....nifty 200 sma is 5596 and dailey 14 rsi is 34 near to over sold also
pawan ji .... bank nifty 200day cross on a 25 apr 2009 that time avg was 4975 and bank nifty close 5125 then aftar today bank nifty down 200 day avg 10823 and close 10700...thanxs
Hello Sir
I expect Nifty to test 5650/80 tomorrow. I've charted out path for nifty
One should buy here for 5950 @ minimum - We will review
when price reaches here.
http://img9.imageshack.us/img9/4471/niftya.jpg
"Never try to find out the origin of river & spiritual personality" is assertion because it will,nothing but waste your energy/time only.But Market is exception for the same,due to speculative nature traders.So let me,please.
At least for a while,The fall may stop here in spite of "over all bad environment"..Following are the reasons.
In spite of close around 5750,no evidence of short covering in 5800 PE.On the contrary,good addition in 57 & 5600 PE's & surprisingly even in 5800 too.No addition in NF O.I.
Up to 5710 good trading supports there including monthly JNSR so if Bears want to push Nifty further down then for tomorrow they would start fresh selling below 5710 for any significant down side.
Huge call writing in 5800 CE is now threshold for Bulls for any upside & main threat for tomorrow.
"Retaining 5700" would be the only target for bulls tomorrow.Market is supreme always so let us see,what's next tomorrow!
DOW listed company "ALCOA" topping forecasts (4th Quarter Figures)
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Alcoa, first Dow component to report 4th-quarter results, posts highest quarterly earnings in more than two years, topping forecasts.
Alcoa swings to profit, projects global demand for aluminum to double by 2020
Shall we expect tomorrow (Tuesday) US market opens +ve , as the 1st DOW company reported very good results.
AA is dropped 1.7% after declaring results.
This is not to say US open in green or red.
Corporate america is showing in good results becuase
reducing cost like anything. 9.4% unemployement (that is
also bogus as they retired many people as they count
you unemployed only if you are looking for job!!)
is reflection of how to reduce cost.
Also look at topping estimates that are based on last two
years pathtic sales. If you look at AA only then this
company used to be in 40s in mid 2008. It had gone to 10
this year too. Do you think this is good leadership.
If markets up going into results then they loose and vice
versa.
Dear Sir,
I am sorry that you are sick. Kindly let me know your
health problems. Probably I may be able to help you a
little. With kind regards
Forgot to add my email ID
drlvenkatapathy@gmail.com
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