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 ...
58 comments:
NS Need to cross 5842 and sustain to move above.. my view.
Dear Ilango sir & my dear other friends. I am watching this blo for quite some time.
Only familier with F & O. I believe you dont mind to answer my questions. I lost lot of my hard earned money & learnt with my silly mistakes. Wanted to attend the workshop with Manipal. Please guide me. Thanks in advance
Sir,
Should the targt for "buy"@ 5810 be HHEMA @ 5844 or DHEMA @ 5912?
OR shold it be book 50% keep 50% with raised SL
sujatha jii ..ure welcome..
share ur levels and views :) :P
dear Tigar, welcome to one of the best educational institutions in sharpening trading skill. You may attend the workshop as per your plan, but here you will find a TRUE GUIDE who will make you skilled and seasoned (and a lot more genius sharing their brains free of cost) wish you the best!!
Ready Jute.
@ jhakkas,
5844-5855 becomes resistances now. Only a close above HHEma will bring intraday momentum.
I agree with skmishra. learning basics is simple. but applying the same in live market is not easy. I have been following the blog for few days. Lot of insights and knowledge sharing, This is the best web I have seen in my 4 yrs of trading. Good work Ilango and boarders. Keep the good work going
@ Tigar,
You can earn back all that is lost and more if you follow a "Method with discipline consistently".
We follow "JNSAR Method" here.
http://tradeinniftyonly.blogspot.com/2010/09/jnsar-stop-and-reverse-trading-method.html
Good Luck to you.
Arpit - sir posted :)
Tiger - all the best. don't feel bad that "you are the one" v r in the same boat :)
thanx sir
Suja :GM."Arpit - sir posted :)" ??? (Gupt gyann???) Share as is your usual pls.
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Tigar : All the best. HE says "u can" - I say "u will". Just stick to this place. When you find time, go thro "Always start with this" on top right.
i agree with Rajagopal jii
gupt gyaan,, cant find :P
post the uual way :D
Ilango,
I bought into the 5825-5845 zone as per the Table. You have mentioned to keep the Day Low Ema as the stop loss. In this case, it is 5803 NS. But at the same time you have also mentioned that 5790-5810 is a good buying area, which I did not buy into as I had already bought into a bit earlier.
Since the buying area and the stop loss are within the same range, I am quite unsure where to keep my SAR for the Buys
Dear ilango sir,
i post my view here, case1: - 5698 to 5874 is a
reverse action of down 6181 to 5698 if so it wont break 5885 today
SL for all shorts, in my experience in down moves
fast reverse actions are happening around 2.30 pm , from nxt day onwards
mkt shows it original face,
case 2: - down move stopped at 5698 and mkt set tripple bottom
means mkt should not break 5806(60% of 5698-5874)today for all long this is SL,
once this level breaks case 1 is assured since more than 3 times
mkt support not working i mean 5700
GM,Everybody,
Net problem since morning.
Dear Tiger,
As Dear Sujatha said,we have also traveled by that boat so you should not bother.And as you are Tiger so you know it very well that even your hunting success rate is also around just 40,but still you are known as a powerful among all.So dont worry.Now from here onwards just start to hunt with proper strategy.All the best.
PLEASE comment about
my view sir
@ RG - simply matching that's all y should i waste "blogs space' i am the one using more :D hope every third person(including my D she is at home since 2 days) knows that 5840. so enjoying the trading moreee :)
http://www.youtube.com/watch?v=aklD1zc6OAk&feature=pyv&ad=6992581313&kw=learn%20stock%20trading
OOT - "Who never failed, he never strove or sought" " who never has suffered, he has lived but half"
Thanks Ilango sir & my dear friends. You have built up my confidence. i am sure
& confident with your help I will recover my lost money.
It looks that in first 5 minutes today,the addition of almost 5 lac in NF O.I.when NF was around 5850 is restricting up move.So,bulls will have to fight hard here.i.e.around current weighted avg.price of NF.
arpit - :) i didn't buy still for intra..waiting for "lows" busyyyyyy hope nifty will give a good chance to me .. till then taking a break :) when i buy i will try to post.. before that no levels it's not appropriate time to post
mynac - check 2 mins. intra chart break of 5810 will give ________??? (if at all breakesssssss)
@ Nifty,
This is an indecisive phase wherein you need to trade till a firm direction is known.
Fast down move is exhausted at 5698.
It is either a corrective upmove targetting 38% @5882 or 50% @ 5940.
The first rise to 5873 almost achieved the 38%.
The buying need to be done on a retracement to this latest rise from 5698 to 5873 which would be 5806 or 5786. Hence, I changed the ideal buy area.
I suggest you trade the positions. If 5820 is held now, it would attempt to move past 5844/5855.
Suja : Say Hi to D. How come home now? (infact mine too but on board exam study leave - Great company - makes very good Tea).
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Will the Inflation data offer a V move & good buy zone???
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Hi mynac GM: Reg WAP, read it is around 5900 and 20-30 point above it will be the positional short covering area, which will take N above. Any idea? Nice that Banks have become loud cry-babies. Mr Bhat made good politically correct noises - can expect some "kids glove" treatment to banks. Big daddy wants grand father to be kind at month end and keeps the dogs away now.
@ BEE,
You have a well thought out plan using fibo.
Inflation data expected tomorrow as per Kotak Sec???.
thank you sir , i sent a mail last night , check it on free time sir icome back again
5809 WHERE 23.6% PULLBACK OF
FALL FROM 6181 AND 38.2% FALL OF
RALLY FROM 5698 LOW COINCIDE AT TODAYS LOW ,AND ALSO DAILY PIVOT 5815,
THAT MEANS TODAYS LOW SHOULD HOLD
BUT OPTIONS DATA CONTRADICTS THE ABOVE VIEW OF
HOLDING TODAYS LOW
Dear Sujatha,
Considering from very short term angle, this 5800-5850 is consolidation zone for Bulls & Bears.The stronger one shall win the title.So both parties shall fight here hard.
This is from day trading angle only.
Ilango sir wht sud b sl for todays intra longs??
GUYS, SELLING HAS RESUMED IN BANKS
Ilango sir, one possibility can also b there that we finished c up yesterday, in that case where to re-enter shorts again?
Thanks
Ilango, Thanks for your reply.
Is the bank nifty indicating a huge fall in the Nifty is on the cards for the 3rd straight day ?!?
BN loosing points fast ... 70 points in 5 minutes ! 200 for the day.
"10900"-(approx) should hold for Bn.
Dear Mynac, Bulls are winners today. Crossed 5850 confidently. Whats your next view?
Multiple resistance above 5845 @ 5855 to 5885.
surpassing y'days high will be rocket..since fii's r net seller in index futures..be careful
agressive writing in 5900 call
Ilango,
Awesome call on the BNF @ 10900. I missed out buying on that dip though. Nevertheless a great call !
Priya Mitro!
Nifty ab 5773 ke neeche hi weak hogi, usse pahle har fall ek buying opportunity hai. Parso big doji ke baad kal bahut strong hammer banaya hai daily chart par so pyaare bhaiyo maal uthaate jao..khaas tour par Hind Unilever.
Manoj
Ilango sir, What NS level can we short nifty?
good morning sir & friends
live nifty volatility index @
http://vix.co.in/indiavix/live-chart/
"Perfect bar reversal" in the "5-min bar" @ 11.50AM.
Weak; strength above only 5858.
Tigerji,
Don't think for shorting insted BUY in Dips
with SL 5780
more addition in 5900 call, it may sell later in the day
so far the bounce seems to be of corrective nature.
Thanks, But bit afraid of Bears........Thay can reverse nifty
any time. In such market we think something & happen something!!!
Inflation Update: Primary articles inflation for week ended January 1 has come in at 17.58% versus 20.20% (WoW), food articles inflation is at 16.91% versus 18.32% (woW) while fuel group inflation is at 11.53% versus 11.63% (WoW), reports NDTV Profit
Ilango sir, What level may nifty reverse today or what is the JNSAR level?
For today JNSAR is 5974 and J10.SAR is 5931
NEW POST DONE.
sir,
can it be the 4th wave, the way it is breaking the channels?
open high is still intact,i guess time to be cautious with longs
even 5800 call has added 4.3 lac shares. in fact, these are the two options where writing is going on aggressively
it may make a bottom below 5690 (5600) for a stable bounce to follow.
(holding shorts taken at 5850)
midcap index is making higher high and higher low pattern(bullish)
IT index open gap down,still not filled(bearish)
bank index making lower high lower low pattern(bearish)
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