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 ... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
61 comments:
A minor channel breakout in Hourly chart above 5833.
Gud morning elango Sir,
How are you?..ORB B OUT 5818 means what sir..ill you plz explain me
CALL OI +1.26%
PUT OI +1.61%
call
SR BOD OI Cur oi Diff. Percent
5600 1027600 1027150 -450 -1.74
5700 2609250 2604050 -5200 -0.55
5800 4787950 4797750 9800 6.65
5900 6596100 6636850 40750 3.64
6000 7233700 7256200 22500 -0.49
put
SR BOD OI Cur oi Diff. Percent
5600 5191300 5189550 -1750 1.33
5700 6521400 6580850 59450 1.63
5800 5568000 5661600 93600 4.1
5900 3160450 3164050 3600 -3.08
6000 1613650 1609800 -3850 -2.1
Master,
I am just trying to apply my learning from your lessons and thinking aloud here. In the process, if anything is wrong, I can get rectified - this is the reason. But if anytime you feel that I am cluttering, please tell me that.
few days back
Gold & Sensex were @18000
Gold won the match with 2000 runs
@fire,
i think this will help many ..
@ DineshRishi Sir..........
Silver.....going up to fast.......
@ Banu,
ORB = Opening Range Breakout.
Search this blog & its listed under "Always start trading with these.
@ Fire,
While we monitor & trade for "Intraday", keep in mind the Higher T/F TA such as "Day TA" in the current scenario.
JNSAR today:5845; JNSAR for 13th-5855; 5DEma-5860(Day Pivot).
Illango sir I have a sk a question if u plz clearify my confusion
Kumar Sir, A doubt.
As nifty moves downward should we also switch
over to 5800, 5700, 5600 .......calls
(like we did when nifty moved upward) or hold the
same 5900 calls?
Fire – Good to know.
Timepass – Having a wife is part of living, but having girlfriend along with wife is “Art of Living” :)
@ Sujatha:
lol.... What did u have for brkfast today ;0)
Master,
Definitely. Thanks a lot.
@PS,
I really hope so.
5821 is an important level for this hour. It is Hourly Pivot, Hourly Cam S3, Tomorrow's Pivot (for now) and above it we get back into the big Bullish hourly flag as shown by SAN.
@ Musti,
If you trade 15 min, your trading plan would have its consideration such as "OB", "OS" besides Higher high & Higher low for upmove and Lower high and lower low for downmove.
As long as the trade factors that compelled you to enter & stay in a trade exist, you continue to stay in the trade till the set target is reached.
I have not gone in detail in such shorter time frame to verify, how long "15 min T/F lasts". These depend on trending/ sideways mode.
@ Ilango sir,
JNSar trade is short or long now? I have no position?
Chandra
Dear Debdeep!
In a short position, v must fear if market is rising. If its on fall then no need to worry & sit tightly. For me its sell on every rise, till nifty does not close above 5930.
"Timepass – Having a wife is part of living, but having girlfriend along with wife is “Art of Living” - SR - do you teach Art of Living to Ravi? Lucky man he must be.
RG:)
pressue cooker whistling
@ Chandra,
Though I suggested to sell on the bounce @ 5840-5845 with a SL 5865, there were confusions and hence the trade table was not altered.
Today the Gap down opened exactly at the Support zone and moving higher. Sell into intraday strength and keep a SL of 5865 or 5875.
Thank U Illango sir I make a better plan & if in doubt again
will come to Master.
sir/Dr..
whr s 5day avrg n nifty?
chart nt visible n mobile
5870.45
Manu
5823.15 spot
5837.90 fut
Sir,
practically if we are following JNSAR then at such instance shall we consider friday a whipsaw day ?
Dear Sir,
If sombody is playing long for 6000 Nifty is it better to be a braveheart now or wait for breakout above 5930 levels?
Ilango sir, conservative shorting level 5885-5905 still possible or sud we go with JNSAR levels???
Thanks
Sir,
On NS 5 min chart, the trendline(Trends down below pivot @5886) drawn on friday, still seems to be resisting. A Break above this may give upmove.
CALL OI +1.58%
PUT OI +2.26%
call
SR BOD OI Cur oi Diff. Percent
5600 1027600 1027700 100 -1.68
5700 2609250 2599500 -9750 -0.72
5800 4787950 4793450 5500 6.55
5900 6596100 6712600 116500 4.82
6000 7233700 7213550 -20150 -1.07
put
SR BOD OI Cur oi Diff. Percent
5600 5191300 5137300 -54000 0.31
5700 6521400 6728450 207050 3.91
5800 5568000 5725650 157650 5.28
5900 3160450 3142500 -17950 -3.74
6000 1613650 1605750 -7900 -2.34
5500 Put - Increase in OI - 22.27%
Sir, is hourly condition highly oversold? as am on mobile not able to check charts. thanks in advance.
thnx dr
IIP data disappointment
i guess buying in nifty can be done here at 5805-08 ns levels with sl below 5776,may make double bottom and move up
Nifty retraced exactly 61.8% of the last downmove of 5848-5804 at 5831 and came down. Could be a perfect Golden ratio trade.
3.6 vs 3.9
NS near Weekly S1. BN near trendline support 11580.
Nifty is Son BN is Mom
"Mummy Returns" from low
Now facing resistance at the trend line drawn to morning ORB on 5 min nifty spot.
DR..u planning a long n BN..11620?
@ 11634 up above the world so High
todays low let it go :(
Weekly HEMA 5795 is acting as support.
Manu actually if it had broken 11580 31 Mar low
than No question of holding it
Be careful of taking reverse position in falling/rising market...when stock/index trade near its support/resistance.....taking reverse position is very risky...9 out of 10 times it breaks in the order of its current direction rather than reversing from it...
@ Rahul,
Though Hour TA is in Oversold level, it has not yet shown any tendency to reverse.
There are cluster of supports around 5750. One could buy around there with a small SL. OR safely buy once the day high is cleared.
BN not making newer lows compared to Nifty.
DR :)
sl will b 620 ?
DR>>oh saw ur reply late..
now 580 is hawala when i m eating halva(navratras)
did it touched 580?
After resisting strongly at 5930, now Bears will try to pierce 5760-5780 zone if succeeded then 5600 will be on cards soon. Lets see...whats coming out from Camarilla's operator side:)
Crude & silver traders r happiest persons these days....multiplying their money in Duranto manner.
Insider news for silver traders: My 2 relatives needed my help to buy 1 kg silver for investment..somehow they came to know...its rising thousand rupees per day:)
Thank u very much sir.
580 future
:D
CALL OI +2.27%
PUT OI +2.14%
call
SR BOD OI Cur oi Diff. Percent
5600 1027600 1030400 2800 -1.43
5700 2609250 2594100 -15150 -0.93
5800 4787950 4984750 196800 10.81
5900 6596100 6709100 113000 4.77
6000 7233700 7239100 5400 -0.72
put
SR BOD OI Cur oi Diff. Percent
5600 5191300 5148050 -43250 0.52
5700 6521400 6757700 236300 4.36
5800 5568000 5584950 16950 2.69
5900 3160450 3049550 -110900 -6.59
6000 1613650 1593400 -20250 -3.1
5500 Put - Increase in OI - +23.13%
Weekly Cam S3@ 5808 resisting now.
SSA Dinesh & Manu Paaji!!!
Ki hal ne???
DR..dont confuse me
gv only spot..
remembr goldspot..the zing thing..i ws too young but still
the taste s alive
There is a intra gap left by NS at 5816...
sir,
Macd 5 & 10 or 12 & 26 which is more presize from your point of view.
RG - lolz :) :D
gagandeep/ravii/shr - i received my LIC payment. thanks.
Kumar - for the benefit of blogmates - i will not post my levels. :D
Gagandeep ji SSA
Manu sorry :D
http://www.youtube.com/watch?v=3da1pDk88EI
NF Holding 5810..
Dear Sujatha!
Members will be benefitted without ur levels....mysterious?????
gg..ssa..
New Post Done.
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