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 ...
70 comments:
A small positive divergence seen in the smaller time frames?
ty v much sanjay jaiswal for RSI
prashant, sujata,
i downloaded that link prashantji but what is the hawala?
Please give a small explantaion?
Sir - Nifty reached 5795. Any case for a long position now?
Sir higher rsi on the current fresh low in nf hourly
RANI... hawala is exp close rate eg... last months hawala is 6103.. if price trade above 6103 then mkt is go up and if price below 6103 mkt go down this is hawala and working for feb expir
sorry working for jan expiey
This is looking like a exact replica of last month behavior. Everyday more & more calls are getting added (6000 CA, 6100 CA). Considering the force of the fall, can we say hello to 5690 & if broken, 5550?
Illango sir, when can be initiate fresh intraday longs .. I guess SL got hit for your earlier prediction of intraday agressive longs ..
2:30 effect - +ve or -ve today?
sir..can we go long now???
5785 looks like quiet a good support. A long here with a SL below 5780 might give some points. Master could tell more.
thanks prashant!
buy niftyfut@ 5803 with SL of 5780
Nifty never closed above the Hour Low ema..and the weakness continues breaking below 5810. Why take only long calls., take also the shorts when certain lows are broken for intraday points.
"5782-144 ema" is another point where a bounce can emerge.
It could be just a small one. It'll be still a sell on rises.
Currently the subwave "iii" of the fall from 6181 is nearing end. So a small iv and then a vth to 5690 or lower is possible.
5600 is the 200sma.
Hitendra - I have noted it as +ve. - The run up between 2 to 2.30 gives indication towards the trend. Wish it remains +ve. Tue is also +ve. Wed is -ve(trend changed last week),Thu +ve and Fri -ve. Me and my friend Suja are fond of putting our neck on the block !!!
Today's last half an hour would say if people will do value buying or not?
The only number that has not become red in the TT is "5597(Month Low ema) & 5604(Month JNSAR).
That is the point for a confident rally. All other rallies would be of smaller in sizes.
What does 9 RSI moving up indicate while price moves down on BN?
point of reversal= nearing now
Deepak - what is that point?
better to start longs here n buy till 5751
"Rajagopal said...
Wish Nifty gets back into -100 in the next 20 mins. Otherwise, Red Monday?
January 10, 2011 2:14 PM "
Said with 2.30 in mind. My observation is that on majority days, 2 to 2.30 gives indication if the day 2.30 trend is in tact. Nifty did not come within -100 before 2.30 and Monday is defeated.
I remember Oct 2008. Nifty is just getting obliterated ... It may be good to buy at 5550-5600 levels ...
"It was never my thinking that made me money but my sitting tight"
-Jesse Livermore
How many of us have sit tight? with JNSAR almost 1000 Points in BN and 300 points in NF
On weekly charts, 5600 becomes critical being the low of sub-4 (ending diagonal count since June 2010 ?); the next being 5400 being the low of sub-2
The turn at 6154 (62% of major A) doesnot augur well for the bulls. Needs to get above this for bullish comfort
https://sites.google.com/site/krgishere/Home/Nifty-Jan-2011.doc?attredirects=0&d=1
cheers
Nifty is just getting obliterated----------meaning???
Sometimes look at the market from the perspective of a trader who is holding futures long "hoping" a reversal will emerge. And these are the longs which come to unwind on every rises.
Short covering may induce a small rally and this "Relay" is not picked up by delivery hands and take further up, the "relay game" ends with a bounce and fresh selling emerges. This continues till the previous highs are conquered which indicates "Change in demand - supply equation".
Buy Bajaj Auto with a SL at 1255
Buy Bank Nifty for 11200
spot sustaining above 5773= may trgt 5800 for now
http://img262.imageshack.us/img262/1563/banknifty.jpg
Lovely Sir. Infact those are the 90% Trading community.Believe me.
===
WWI : If you see BN to 11200, naturally you must be seeing SBI to reach 2770 atleast.(I have no position).
Jindal Saw moved from 214 to 204 = 10 K profit per lot
http://www.inditraders.com/journals/4245-50-turning-points-high-probability-setups.html#post119272
my high probability setup trades being tracked here.
This is my trading journal I will be tracking Nifty
and the Futures segment here.
IndiaVIX is up ~10% at ~23.
@illango sir,
volume 454150 at 2:58:32 NF5786 and 348050 at 3.03.04 NF5776, heavy volume.... sir , +ve or -ve divergence? plz tell me
@Crorepathi
On 4/1/2011 11.00 Hr SAR trigger sell @6186NF.
I will hold till Hr SAR buy trigger.
People dont see value in nifty!!
RG - Bangladesh stock exchange down by 9 %. investors are angry protesting. :P nifty forced to pilgrimage to Kanyakumari by FIIs. (foolishing indians in India??) soon 5200/5300 etc, etc., pending???
Yes Rajgopal that could be a possibility for SBI - 2750
thing is who is the greater fool at this point in time?
I'm still of the view that Nifty can head back up to
6060 not beyond that - May take 3 - 4 days
@Wolfwave,
Support at 5740??
If you connect highs of 6343 & 6096 the support levels comes at 5740.
pls confirm
Prices are for NF
@ rani patel - i am the greater fool . exited @ 5780 itself.. no positions :)
Sir,
Can we predict a Lower Circuit?
Thank you Sir for your Analysis.
I closed my Intra shorts @5748 NF initiated @ 5820NF
Illango sir,
another 389200 NF at 5750(now) hope from tommorow onwards NF will be at discount price
@ SAZ,
That is a high volume sell off. Negative.
sujatha me too
@Anuj,
Where are you Today?
@TOT - amit
i see on spot, support at 5740, if you join said points.
now 518850 volume ....NF
Amit - No sir my bad I dint see the chart
- Looks like 5600 / 5650 coming first.
http://img440.imageshack.us/img440/3193/87804486.jpg
Crorepathi,
In such a downtrend, it is possible. When..? No idea.
It will be a pleasant surprise to those who riding such a downtrend.
after which we may see reversal back to 6050
@ illango sir
astonishing sir last minute 518850 NF volume.is it short covered or short?
@WWI,
chart updated
http://img440.imageshack.us/img440/3193/87804486.jpg
NIFTY cannot FALL more. Market is CLOSED for the DAY.
Ha ha Suja.(Was it the same Fantastic Indians in India who took it to 6300???)
Bye Sir. Bye Friends. Thanks WWI.
Buy only at 5600-5650
Welcome sir
Sir
I would be happy to provide a chart that you can upload
for the benefit of members.
Let me know and I will email you.
@ mr wolf.
cud u share some links/theory for what you are trading with.. i mean abt wolfwave's
to me they look like trendlines :)
would like to understand what stuff u look at :)
Arpit
Sir,
You JNSAR for stocks also given good result to me..
earn very well in this 3 days in unitech,Relinfra & rpower...future based on ur JNSAR for this stocks...
Thanks a lotttttttttt....
god bless u......
@Prabhakar
I m here only, a bit busy, but riding shorts. Carrying my shorts.
Just visited after MKT.HRS.
Last hope for depressed Bulls ....Monthly JNSR 5728.
Ohh...Today it has come to 5724.
Arpit - you can look at
wolfewave.com
I've learnt basic concepts from here and the rest
is all learning by trail and error
Guys,
Just wanted to share with everyone marketview posted by
Vipul Lahiri, one of the finest TA I have ever come across.
Dear Friends,
Bse 30 is at 19275 and nifty 50 is at 5773, another 500 point drop in consecutive day, at this rate in next 40 days bse 30 will be zero.
Now,
as written already in above message that current week is BOTTOM formation week,
those who want to buy may start now as panic bottom often comes and goes at lightening speed.
The bounceback will be also fast.
Bse 30 18987 Nifty 50 5543 supports now within two days reach taking into consideration the speed of decline, BE READY TO BUY your favourite stock for extreme short term good returns.
Sesa Goa at 322 and Tatasteel at 641 look good for short term.
RIL invest around 1036.
Gabbarsingh ye keh kar gaya jo dar gaya, woh mar gaya. (here Ghar gaya)
Overcome youyr fear and greed, take decisions with COOL mind.
warm regards
Vipul Lashkari
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