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 ...
118 comments:
@RG
not holidaying but had intraday net problems so was using blog EOD charts
& Now a new High
now what has pulled/or pushed the nifty ?RG nifty also included in the list of prodigals
?
Priya Mitro!
Golden opportunity hai dobara short karne ke liye...5710-30 spot ke beech aur stop loss 5750 spot hi rahega.
Manoj
buyers of nifty suddenly increased by 5L
deepak your comment No One Believed me.. i think u must damm care for it.. its our self who have to believe in our actions ..
PRAKASH= THERE IS NO POINT IN GETTING TOUGH HERE.
@PIYUSH= WAS MY ASSUMPTION OF 5621 N 5633 CORRECT???
SPOT ABOVE 5727-28 SUSTAINING = 5746 +++
aree deepak bhai i dont know what you took my words for . Your bold words i presume u took negative.
All i said was dont feel bad that no one noticed.. in the end its you who made money/succeeded believing in your logic.. thaz all i meant.. ( its only praise .. )..
Regards
BUYYY AGAIN ABOVE N SUSTAINING 5609 ONLY
SORRY= TYPING MISTAKE= 5709
SORRY PRAKASH= MY MISTAKE
Good blast. Keep going nifty.
deepak i am not able to spot inhs. downward sloping
channels easier dealt that way. still if u ask
i see one 5695 (14/1/11) head 5624 and shoulder.today
it has broken out . lets see.
5685 IS A SUPPORT NOW
BOUGHT AT 5687, WITH A SLOSS AT 5680. RES= 5696 1ST
THN 5727
SORRY, THERE IS A RES AT 5708 ALSO
@PIYUSH= WHN U SAY = ""BROKN OUT"", DO U MEAN FOR THE
UPSIDE????
Mitro!
5716 spot par Nifty becha aur 10 min me hi 30 points mil gaye, agar rally aaye to aur bechoonga..stop loss 5750 spot nifty rahega closing basis par.
Manoj
yes deepak. but all chart patterns give
lots of false breakouts too.
THANKS PIYUSH
@Prashant & Sujatha
Hi
Dear Deepak bhai!
Ye apna CAPSLOCK off kar do pls.
Manoj
THERE IS A VERY VERY VERY SOLID RESISTENCE ON SPOT
AT 5736
highest Buying in Icibank and exis bank -- icibank take buy to 1066 and axis bank 1333
Huge suport now at 5675,5666,5660 levels.
If holds can find Nf above 5750 today.
30 POINTS ALREADY AGAIN@LONG 5687
Ilango Sir,
I am unable to understand one thing. By 2P.M. it closed below Dlema and hourly 5-ema. How can i find out this type of upside. Please teach me Sir.
sorry manoj bhai. dekhaa naheee
It seems that market will takes it course from 23rd when RBI meet is there. We might be trading a rhange of 100 points as mentioned in pre market by sir.
I am stuck when i shorted at 5685 as i hadnt covered. So i will wait till ydays high is cleared.
if sustains now= new high for 2day
all markets in red except ours.
Mynac -REPOSTING
Nifty is singing I am a disco dancer at 5600 levels :D possibilities to touch 6082/95/5702/5747 then fall if crosses decesively 5753 new highs of this week we can see (not much.. let us see) 5646 is 200 ema level. If it breakes may touch "sweet 5610 200 sma level + LBB 5580". all are scratching for 5500 levels but when and will it come is the million $ "Q". :) all TA are showing down, but it may fool us and "go up" in oppostite way also (just a wild guess) i am sticking with "trend" + levels. Hv u watching the levels of nifty future the whole week it's dancing tune at "5640" :
finally we "little bulls" survived??? it's very painful waiting for me :( i booked out now let us see.
Hi bhavan - staying out from :market noises"?? :) enjoying alone???
hahahahahahahah. this is just amazing!!!!!
covrd my longs @5687 at 5726, don't want to take any
chances as 5636 is very high res zone
nifty away from JNSAR JUST 15 POINT LET SEE:)
@ Prabhakar,
I'll upload the intrachart with trendlines. It is quite simple.
@dear piyush= both my trgts were met. Brilliant day
@prashant
its tomm jnsar
my GOD!!!!! at 5654 future= nifty added 87 lakhs
HAYAA Bhavan kayaan khovai gaya hata?? USA TRIP mari k shu ??
today's JNSAR 5770
@Suj.
missing the action and Relishing your interactions.
Thank you Sir,
I will try to understand.
piyush, i will short as close as possible to 5636 spot
is that ok???? Illango sir has also givn a high
res level at 5636
looks more like short covering due 2 truncated expiry week.
Arre prashant tamara moho ma ghee sakar but net no problem hato
bhavan - nothing to be happy with this "small bull" this may convert into "bull trap" also possibility is there..
prabhkar==tomorow jnsar is 5742
bank nifty sar triggered ..after 12 days .. long now
5121 Day close EMA close above it will be very good for longs!!
Thank u 2.30. Surpassed expectations. All to be wasted tommorrow?
just a reminder= 5636 is very high resistence zone
What is daily JNSAR? 5770 or 5742?
"5730" is the channel resistance (Connecting the recent tops of 5874,5834)
@ Prabhakar,
HrJNsar, DLEma triggering trade could have been taken by you.
Now trading above DEma-5717, closing above the same will add some strength.
We started the day with "Still buy on dips". But it breached 5640 briefly and reversed. Such whipsaws should be managed.
@prashant sent u a chat invite please accept when u are free
supports = 5716-5706-5696-5686
@ Nevermind,
Yes, BN triggered JNSAR and given 100+ points from the trigger level.
@ ps
by jnsar u mean j10 sar or jnsar which sir gives daily
ramash
I think now 5725 becomes the level to watch...if it can cross with force then 5770, 6830, 5870 is possible...otherwise...back to 5670,5640
Thank you Sir,
I closed my 50% shorts @ 5643 and remaining @5655NF. But Long @5675NF and closed @5700NF. Now shorts @5725NF. I have to learn more.
below 5606= likely support at 5696-5691 zone
@Suj I think Sir has been telling from three days trade intraday and the downmove might resume from 27th so till then buy n take small profits
ok bhavan thanxs
30 points fir se mil gaye 2nd short me 40 min ke andar, 60 points 30-40 minute ke andar..kya baat hai pyari Nifty.
Manoj
yes sir..indeed ..recorded corresponding future level at 10800 when sar was triggered..and reached 10900..
Thanks
piyush..want to ask u questions ...if nifty today touch to 5743 then jnsar triggered ?? ple reply thanxs in advance
Ilango sir,
what software are you using for intraday candlestick charts. yahoo with pre market openings has become unusable.
Regards
V
all shorts= savdhaan at/above 5636 sustaining
sorry= 5736, not 5636
nifty jnsar today is 5770...unless it touches that it is still short...
tom it cld be close to 5745...if it touches that..then triggered with filter
of 20 points kept to stop it from reversing immediately
@prashant shah
today's jnsar is 5770 its there on tech table.
@ramash i am talking of jnsar thoght j 10 sar is also
given there
prashant jnsar is for NS which has ot touched 5743 and NF ma mindi 6e
@ Vipin,
It is the IndiaBulls broking a/c's intraday charts that I refer to.
Yahoo - since the Premarket circus started, even the intraday TA is abandoned.
@vipin= go 2 a site@investbulls.com. They charge
something like 1800? for 6 months subscription.
Here they give u everything. Follow the 60 minute
chart as I have been doing. It gives you 100 points
minimum on any position
Prashant bhaiya!
Mai JNSAR follow nahi karta par jitni meri samajh hai uske baare me us hisaab se kal agar 5742 hota hai tabhi kal buy banega.
Manoj
SIr,
Once again short on rise can be done or not this time ...
plz suggst ideal levels for short
Illango sir, will you do us all a favour???
i will give you the password for my investbull charts
u can see every scrip, and more than most av us can
understand. Will u please see this for us???
They r basically real time data providers Sir. Their
charts r just fantastic
@ piyush
thank you sir. still i couldn't get hw u got 5742 for tom
if u can guide me pls
ramash
Ilango sir I also have indiabulls broking account. do you use the charts provided in their trading terminals PIB
Deepakji thanks for your help will surely try investbulls.
Illango Sir, u seem2 b really annoyed with me.
i truely apologise for anything I may have said
wrong. deepak
@ deepak,
Managing the current work load is quite tough with my other commitments.
Everyone is expected to do their bit of learning and then, they'll be on their own.
We are just guiding them.
Most look for "absolutes" whereas "None exists".
Your "excitement meter" went through the roof today. take care. "Emotions" are a no..no.
I wud like to b the ""CHIANG"" in JLS sir. Under
ur wings
sorry about the excitement Illango.
GE Sir,
Missed all action of these few days! Is it still sell on rise market?
thanks,
Sujeet
@ramash
pls do not call me sir. i am learning like u.
everyday in the premarket post sir publishes the
jnsar. u can refer to that. it
is on the tech table too
bye all. Mdun for the day. thank you Illango
Finally 5739 future ki Nifty short carry kar raha hoon bhaiyo, kyonki ye sirf ek dad cat bounce sa lag raha hai mujhe. Market advance/decline ratio negative hi hai. Short safe lagta hai kyonki filtered stop loss sirf 25-30 points ka hi hoga...risk reward ratio seller ke favour me lag raha hai mujhe.
Manoj
Sir,
If Bank NIfty closed above the DHEma and JNSAR, can we take it as its time to reverse to conversative longs ?
Yes..Karthikeyan.
Ilango sir, plz clear regarding waves, are we still in 2nd?? I hope conservatives are carrying shorts??
Thanks
Sir, if BN closes below JNSar then also the long trade needs to be carried for tomorrow's review.Is it not Sir?
Ilango Sir,
I have shorts in NF #5725. Can I hold Sir for tomorrow?
Ilango sir, conservatives carrying shorts??
Sir, What is d DHEma & JNSAR for Bank nifty? Now at 10810.
Sir,
How much BankNifty is correlated with Nifty? If bank nifty has triggered for a buy...can the same be said of nifty that trend is changing??
Vipin
You can use Google charts, They are quite good. You need to login thru your gmail account.
Option for different TF also available.
Quote tracker also offer free using NSE data but was unable to configure properly
RainMaker
@ Bizagra,
Conservative shorts remain.
It is 50:50 possibility that 2nd wave is still on.
thanks rainmaker will try
* Google Finance
Sir, If nifty close above yesterday close then what can
we guess?
sreyo:
27 % percent bn in nifty
@ SreyO,
BN tends to lead. We'll know tomorrow.
@ Prabhakar,
It is closing again below 5Ema. No trend is visible...it is a "Pausing mode" for many days now.
@RainMaker,
Please give me link for nifty spot with settings which you are using.
Thanks in advance.
Thank you Sir . I am holding
Sir this entire down move started with fall in Bank nifty. If Bank nifty again leads the way up north it will be sweet.
Thanx Sir and Manu.
Prabhakar
I am a swing trader and use 30 min charts with 5,13,34 ema RSI and STS
symbol for Nifty is NSE:.NSEI
You get all the features once you are logged in you can save you setting and portfolio too.
Without login you get some basic functions only
http:// www. google. com/ finance ?q=NSE:.NSEI
RainMaker
only thing I miss in these charts is ADX
Bye Sir. Bye Friends.
@ RainMaker,
Please give me RSI and Stochastics settings. is it Fast or Slow which you are using?
@RainMaker
I also use google finance chart. it is really good.
@sreyO.,
How to trade intraday with google charts?
Ilango Sir and Friends,
Today i came to know about ZERODHA securities from Bangalore and it seems they charge Rs. 20 per trade, irrespective of no. of lots. and the software used is NSE NOW, direct from NSE.
is there anyone from JN FAMILY using it. Could pl. give your views to the benefit of all.
@prabhakar
Iam using their services since the last one month-i am mainly
using their call and trade facility-for f&o,intraday,delivery and
options irespective of the number of lots they charge rs 20.If call and trade
there is an additional charge of rs 20.Moreover they are also giving rs 2 per trade
on the new person one refers to.Also their customer service is good.If you need
further clarifications,contact me at johntsam@gmail.com
@Prabhakar
I'm not at all good in numbers and most of the time fail to understand those. I use divergence, ema crossovers and RSI for intraday trade; also look for chart pattern to catch rallies. It may seem awkward to most of the traders here but no particular method is ultimately fruitful. I watch 5 min, 30 min ans 2 min chart in google finance.
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