The filter may be flexible upto 6118. Manage it with ORB.
Thursday, January 6, 2011
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 ...
39 comments:
Good Morning Ilango Sir and Friends.
Good Morning Ilango Sir and Friends
Nifty Daily Analysis: CLICK HERE
Good Morning Ilango ji, Prabakar and San!!
Nice photo Prabakar!
Good Morning San and Sekar.
Thanks Sekar and Hope you are doing great?
@San, Yesterday, Was it your birthday too?
Yes, i hope you also doing good.. All the very best for today's trade.
Leaving for office .. catch you later
@Prabakar
I did not visit JN yesterday because of some issues. I realised what was going on only when Sir asked me the same question "Is today your birthday too". Then i saw those wishes.
My birth day is in march. I don't know who started the confusion
Sir, if there is a gap up opening and it crosses JNSAR of 6103 do we reverse and go long immediately?
HI,
I think confusion was started by me,any way sorry.
Madan Bagri
GM Illango sir and all blogmates
sir, we sud reverse the trade if spot touches 6103 that is our normal position but here as u said 6117 is crucial for bounce or rally, in that case wht sud b the action sud we wait for crossing 6117 or simply reverse trade
thax in advance
hi all v good moring sir and all
go long as per sar?
Sir/Seniors any advice? Do we go long as per JNSAR
Good Morning Sir and Friends.
Seems even duds have started learning - y'day I posted that the "filter" may save the Longs!!!
Have a nice day. SAN keep my wishes in the bank for March.(Ides of March???)
@ Cooldent,
JNSAR filter, the correct one, @ 6118 is not crossed. Hence, JNSAR sell of yesterday remains.
Now, if you have used filter yesterday, the JNSAR for today has triggered @ 6085. With the filter it will trigger at 6065 or 6062.
NF 6125 may be the Critical point for the day.
Take your pick.
sir can u pls guid me for my previous query ?
its missing here
Good Morning Sir!
Did JNSAR Trigger sell today???
Thanks in advance
geet
thx sir got the answer
good morning,seniors..
Guides please confirm ORB Sell also triggerred???
Thanks & regards
geet
Thanks sir. Didnt use filter yesterday as i dont while taking new position. For today i will wait for 6118 last intraday high to reverse and go long. (hope it doesnt...too many whipsaws recently)
Please guide J10SAR triggered???
or do we use filter?
Thanks & regards
geet
@ Prachi,
Your comment had gone to spam automatically. It'll be visible now.
Sir JNSAR is at 6085 + Filter 0.3%(18)= 6103.
Am i calculating the figure wrongly since JNSAR SL is
at 6118
@ terageet,
Since Monday the pressure is on index. BN is down in a major way.
J10SAR triggered yesterday and today too.
If you use filter, you are still long. Choice is yours to make.
I do not use filter two days after the "triggering".
sir as per premarket view one should go long with 6060 as s\l
@San, Thanks for clarification. Since RG sir wished, i thought so.
Sir,
Learning to follow the Master without doubts...so took short trade yesterday on trigger on JNSAR & J10SAR and will keep filter for 2 days....only should the filter be 6105 or 6118?
Also shall slowly learn to cut the surrounding noise and just follow.
Many thanks
geet
thx sir
sir,
though the trading terminal shows 6117 as high, the nse site shows
6105.7 as high for today. since this premarket has started.
this difference usually crops up. todat i was watching and
i didnt see 6117 flash on my screen bur 6105 only.
i am thinking that we ise these figures an our
calculations and tech table.
use unstead of ise
ps I saw 6115 on my trader terminal and after that in went dn
Master,
Could we take 0.5% of 10 day ATR as the filter or something like that? In that case the filter would get just automatically adjusted with the current level of volatility.
NEW POST DONE
6115.60 was traded at 9.15.14 - a good 13 ticks later.
ok prachi,
i didntt see it and the nse site also shows 6105.7
http://www.nse-india.com/marketinfo/charting/OnlineContractChart.jsp?instrument=FUTIDX&symbol=NIFTY&expirydate=27JAN2011&optiontype=&strikeprice=&charttype=ONLINE_CONTRACT&series=EQ&mkttype=N&key=&segment=FO&symb=&flag=0
piyush it was 6115 at 9.15.55 so ple count that idont knoow which terminal u use
GM Illango sir & all.
Nf holds Val-6088
Go long for Poc & Vah-6130
Sir belated birthday best wishes to u i was out of town for 2 days mah God bless u with wealth health happiness knowledge and prosperity all ur life
Bank nifty resting close to 30 week Dma at 12251. If goes more trouble, If holds
good bounce back.
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