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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
47 comments:
Now to look at the other side of the coin, Bears would become active @ 5905-5945 zone.
HELLO SIR CAN I SHORT NIFTY EVERY HIGH..... R U SURE NIFTY COOULD REACH
5400 COMING DAYS..PLSS REPLY CAN I SHORT NIFTY EVERY HIGH..OR OTHERS
@ prabhakar.
I hope U earn again today with it.
I cover my 2 lots with 30 points profit each.
Holding remaining for a much bigger target.
I hope to get 5950 today.
Thank you Sir. Please consider :
31Bn earmarked PE funds for Indian Markets(FII) for 2011.
The corporate growth rate to surpass all time highs.
Immediate - very positive results from 41 of the N50 companies.
If a bottom is identified - great opportunity beckons.
@musti1780,
Thank you for sharing your valuable views.
Subho stock,
There are no guarantees here.
We trade the direction and of different time frames.
If you want to take advantage of the downfall, you must take shorts in phased quantities:
@ 5965; 6007.(may be 6048).
Currently a minor bounce is on.
@ Prabhakar,
Part book profit near 5900 zone.
It will help U to carry other lots.
@ RG,
You are one hardworking trader with few additional arsenals in your armoury namely
1. Fundamental news
2. Ear to the ground.
I have come a full circle and rely solely on TA/EW and am able to spot "Changes" as long as I remain objective enough. I have occasionally become biased and paid for it Full and the attempt to stay focused continues.
Keeping 5860 Spot sl for the remaining lots .
SIR BIGGEST VOLUME BAR IS AT 5901...
DOES THAT MEAN BEARS WONT LET PASS THAT???
@musti1780
Thank you. Booked @5904
U SAY SBI LOOKS WEAK..CAN I BUY 2400 SBI PE
ORB breakout above 5902 NF and also BankNiftyFutures above 11075!!
Dead Cat Bounce!!
Perfect time to create wealth in nifty.
rgsir,
u r a specialist in news. usually all bull markets peak
27-28 p/e (last 3 bull markets) though we rose 5 times
in 2003-08 the p/e never went above 29 due
to high earnings growth. here the p/e has already reached
26 approx. can this be an impulse 3 which one done 2003-08.
if that rose 5 times then impulse 3 shud rise 8 times
frm 2600 nifty approx in 5 years
Good Morning Ilango Sir and Friends.
GM Everybody,
Good fight going on between 5800 & 5900.
In first 1.45 Hrs.Addition in NF 7 Lac.O.i.
In 5900 CE 6.5 Lac & in 5800 PE 8 lac.
58-5900 Band is the fighting zone.
Thank you Sir. It is an honour if you feel so. But I must thank you for educating me to be TA oriented.
Hi Professor. That is neat - u mean upside still left?
Break below 5850-5860, may move to 5785-5779(S2)
5850-5860 IS NIFTY SPOT OR FUT
@ Subho,
I always mention spot values.
It looks to be a double bottom @ 5835. If 5835 holds, another attempt towards 5900+ possible.
@subho. unless specified sir always mentions spot levels
Good Turn over today up to 11.15 AM Rs.66,000 Cr.Rs.
Below 5835
sir..it seems 5750 coming soon..
hi guys!
lower boll band 20 sma,,penetrated today..should reverse from here,,
lets see!
Dear Mynac - Hi. is it BAD T.O? Volume supported SALE !!!
BB bot 2 dev is 5800 / 5785 - 20/21 dma
GM Dear RG,
Sellers are trying to save their positions so they have no any other option left so they will have to sell it with volumes now as it has come near Dear Sujatha's support level 5823 :))if they shall succeed in it then below 5820,the other supports may come very quickly.But at present Sellers should not/may not try it very immediately because still there are long 2.45 HRS.trading left today.
5822 weekly cam L3.
went below the weekly l3 5822 and now trading above it. Long with stop at 5740
Another attempt @ Aggressive intraday Longs @ 5825-5835.
Good 15.50 lac.addition is there in NF,but still the O.I. is suggesting more room left for bulls for any selling absorption.For any greater fall NF requires huge addition below 5820,so finger crossed,let us see.
The above statement has no any technical reason or support but just a thinking.
Sir stop loss for those aggressive longs?
Thank you Sir for your Analysis.
Booked my shorts @5838NF initiated @ 5860 NF (below 5850)
RG,
Fundamentals are not good
.Stimulus is been withdrawn which was given in recession
.Intrest rate will be and should be increased
.Common man's budget would be good for vegetables and increased Home Loan EMI, he will not have money to spend
.May lead to EMI defaults
.Respective ministers busy in making more crores
@ Cooldent,
Always keep just 5 to 10 points from the recent lows as main trend is still down.
Thanks Mynac. But looks like a heavy break less train going down hill ? Will any Bull have the guts to stop it?
Dear RG,
Bulls are trying but the train is so fast that even the passenger's are or shall now thinking whether it shall stop or not?But it should take a halt at least for a while to get down nearest passengers.
Friday's 5900 CE writing is very sensitive,on that day and even today too because in first 3 Hrs. huge 19 lac plus addition again in it.
Good afternoon Sir and friends
NEW POST DONE.
mynac .... there is no assuming about any call or put bec i remember last expirey 6000 call oi is near 1 cr and nifty close on expirey 6100... my thinking is there is no writer there is only hedgeing only... may b m wrong
remember nifty future OI at a opeing only 2 cr decline to prev oi of 2.93 cr so clear sign bull r not sure so there is effect now nifty is 5800... my gusess still mkt weak unless nifty future OI NOT INCREASE TO AT LIST 2 CR 50 LAC
Dear Sir,
Please Reply on Volatility Breakout Method.
I have Send email to you .
Thanx in advance .
Hi Prashat....does the hawala rate change every day or is it fixed for a particular expiry..
and what the rate for Jan series ?
regards
RG,
Do you have portfolio ? ;)
Post a Comment