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...
105 comments:
NS hits Daily R1.
@all
the charts and premarket view posted by ilango sir are not displayed in my browser. can anyone help
thanx and regards
deepak
What a rally...if it trades above the pivot for an hour or so...be careful of your shorts...
Sir cud not book profit at open
sud I place sl to cost for 50% quantity?
thanx in advance
A sudden spike at 5842 is showing and distorting the charts. A mid-market spike?
@ LV sir - google showing range 5735-5762 pls. check at ur side
thanks n advance.
CALL OI -0.53%
PUT OI +1.68%
call
SR BOD OI Cur oi Diff. Percent
5600 989050 983950 -5100 -0.97
5700 2827550 2773300 -54250 1.16
5800 5437600 5206650 -230950 -3.04
5900 5851950 5560050 -291900 -11.76
6000 7500700 7477250 -23450 0.85
put
SR BOD OI Cur oi Diff. Percent
5600 5061250 5071550 10300 2.4
5700 7223250 7282600 59350 6.82
5800 5316500 5418200 101700 10.87
5900 2468150 2705800 237650 0.43
6000 1508450 1512350 3900 -1.81
yes, all fueled by Bank nifty
@ Prachi,
There is only one plan - that is to book at the open, considering the many supports and oversold Hour TA.
Please do find out the reason why you hesitate to "Book Profits".
Once you miss a level, many possibilities start to appear "in the midway point of the day".
Nifty could correct upto 5800 or 5780NS or continue the rally upto 5845(10sma).
Only a close above 5DEma @ 5835 would confirm a short term reversal.
"5736" & "5725-200sma" are the confirmation for a deeper falls.
As per my EW count nifty should touch ones todays low.
Nifty Futures has already hit 50% of the last fall @5842.
@ LV - ignore my post... it's working now
My Master Said
Nifty PreMarket View.
Booking profits (Parts..!)on shorts considering the oversold Hour TA.
ok sir ll not repeat the mistake again
regards
This whole SGX Nifty is a scam...within an hour we are up 100 nifty pts from the lows.
@all
the charts and premarket view(IMAGES) posted by ilango sir are not displayed in my browser. can anyone help
thanx and regards
deepak
Ba Ba Black Sheep Have you any Shorts
Yes Sir Yes Sir Three Lots full
:(
@Nifty,
Do u stick to the same opinion, if u were long from lows :)
even when falling, nifty is not falling like this upmovement.
most shorts stops cut @ 5850...
i think final downmove coming up @ 5720 and below...
About 46000 sellers @ 5850 NF.
Resisting at 5DEMA (5827) ... Next JNSAR at 5853 & 5DHEMA at 5856... Fingers crossed!
First trade over 11770-11600 = :D
volume is too good till now,,,
Cash - 3392 cr
F&O - 42800 cr
seems many shorts get trapped, considering F&O volumes and intial put-call positions
61.8% of the last fall coincides with JNSAR @5854
Hi Everybody!
Those who are holding short straddle, hold tightly. Those who can make fresh, must short Nifty april fut here @5854 & buy 5900 call @68. Nifty will find stiff resistance ahead at CHINA WALL near 5865 spot.
Rgrds,
Kumar
where will this upmove end? will it end? premium widening.
10 SMA @ 5845.
Nifty Intraday update: CLICK HERE
NF hits channel projection upper boundary. Will it pause now?
Resisted @ 10 sma-5845
ilango,
is the correction over,
or could we have a bigger fall?
SIR,
SMA WORKS SOMEWHAT LIKE JNSAR PATTERN ?
@all
the charts and premarket view posted by ilango sir are not displayed in my browser. can anyone help
thanx and regards
deepak
deemis,
Please re start your computer once
if still facing issue... try using another browser
it should work with IE 8.0 broswer
Nifty is Retesting the channel from which it gave the breakout: CHANNEL
Dear deemis!
I dont know anything about this so in first of all i m saying sorry after viewing ur msg 4-5th times. I request to other members who can help him, kindly help...
Rgds
Kumar
Mishra ji
Try other browser, Google crome, Mozilla etc.
Clear cookies catche
@ Ananyavrat,
Hour TA has turned up.
If it closes below HEma or HLEma, it may resume dn.
If day's close is above 5DEma(5835), a short term reversal is possible.
= = = = = = = == = = = = =
Conservative sell stands cancelled presently. Will update later.
= = = = = = = = = = = = = =
deemis
R u accessing from home or office (Intranet). Most probably u r office will be blocking some sites.
Dear DRji! I have no issue with my browser, using FF since long!
Thanks Kumar Sir. By the way, where should be our
stop loss for the NF shorts or should we wait for the
expiry?
Dear Debdeep!
We put our stop loss same time in system by buying a call, so no other stop loss needed in straddle.
Thanks for the update kumar sir
@ilango sir ur views are very good...
sir any expectation of 5000 level by this year end
based on weekly charts..
and tell me who is the best profit earner compare with
aggressive vs conservative traders
NF Bullish Flag breakout.
good morning
Hello Kumar Sir,Fire,SR,dear PS,DR. Thanks for the mail Fire-glad.
===
Salutes to you Sir, for the quoted post part by DR. If we move above 5835 (with the +ve vol observed by Anil) then a trend reversal is signalled?First indication is your cancellation of con-short !!!
Can anyone confirm if JNSAR has triggered a BUY
@RG,
My duty.
@nifty ,
with filter today its 5873.
hi rg sir
NF 5885 is a good resistance to keep watch on.
Ring Finger Length Linked To Success (Post)
and a New Page added on my "Role Model"
Rakesh Jhunjhunwala - The Indian Bull
@nifty. with filter jnsar for today is 5873
Sir,
JNSAR has triggered a BUY for both Nifty and Banknifty?
or Shall we short here?
Thanks
@ Piyush
oh ok. Thanks. I will keep an eye on that.
Oh........DR. You can be happy. He resembled you 15 years back.I refer to your photo. So,if you don't walk daily, you will resemble him in 10 years time.
@Nifty
from JNSAR we got 100 points profits for 1/2 qty, i initiated again sell at same place 5843 sl is todays JNSAR + 20 points ( coz its 2nd day)
RG Sir GM :D
I am proud of my Master
"neither the ability nor the experience can be taught"
but if we stay with him one day he will teach us and make us able
CALL OI -1.62%
PUT OI +5.38%
call
SR BOD OI Cur oi Diff. Percent
5600 989050 994050 5000 0.05
5700 2827550 2646100 -181450 -3.48
5800 5437600 4731700 -705900 -11.89
5900 5851950 5243250 -608700 -16.79
6000 7500700 7451450 -49250 0.5
put
SR BOD OI Cur oi Diff. Percent
5600 5061250 5267900 206650 6.36
5700 7223250 7649550 426300 12.21
5800 5316500 6552850 1236350 34.08
5900 2468150 3376100 907950 25.31
6000 1508450 1524850 16400 -0.99
Ok. Kumar Sir.
@ Engineer,
If week close is below WHEma-5795(for the current week, a sell on rise for a bigger fall may come into play.
Holding today's low, Nifty could attempt 6035(apprx).
Better returns come to the trader who could judiciously mix aggressive & conservative traders.
The clue is in "looking at Conservative trade at the extreme points of oversold & overbought conditions preferably with divergences).
Dear RG Sir,San,
Have you casted your vote?
I believe Infosys result will be declared on Friday 15th..
Currently NS gets resisted at the low of the base created on 5th April @ 5855.
Filter for sar is applied on the orininal trigger point and that too for max two days to give it survival chance. FOR TODAY SAR STANDS AT 5853.One can wait for 60 seconds before initiating the sar.
Yes Prabhakar, we are declaring friday itself :)
@Prabakar,
At present looks like Infosys result will trigger the much awaited FAll....
Dear manojag!
60 seconds or 60 minuts???
@Nimesh Bhai,
Expecting a fall?!!
Done Prabha - selected who can swindle Mother TN for next 5 years(voters are duty bound honorory members of the selection committee of "Swindlers Next"). Sorry for the OoT and strong feeling of dejection. Off for vacation today - will keep up our date.
@manojag today is 2nd trading day after friday (trigger)
At 5 min chart, NS is holding above 10 ema & 20 sma.
@ilango sir
Please suggest intraday SAR for
Banknifty JNSAR long taken.
ilango sir namaskar any positional trade here ? can i sell here with sl 5885 in ns ?
Master,
Looks like a firm move above 5872 can be the intra-signal for trend reversal. Is it correct?
Kumar,
RG had suggested 5 mins but that can be too long a period at times as pointed out by PS so I think one-two min would be better.
If NS falls, intra support may be at 5805.. At present Hr.JNSAR at 5807..
ilango,
are last weeks call was to sell on intra rallies to 5845 and 5860...
does this still hold?
@Prabakar
Yes ... Expecting a Fall Only --- Till May end the Scenario looks bearish to me
@RG sir,
I Went, but due to heavy crowd(which i never seen before)i just came back. Will do it in the afternoon. Good work by Election Department.
some sign of weakness coming in...moved below the JNSAR...hold your shorts
Is anybody using Reliance Money NestTrader ? I am facing a peculiar problem - Never had this one before !
The Buy (F1 key) and Sell (F2 key) don't work. But order history (F3) etc seems to be working fine. Does this have something to do with my computer or is this a RM issue ?!?
Piyush,
Friday was 5823 and hence sl would have been 5843 or thereabout or could have kept it to SAR at todays sar with a time gap as mentioned.
Ok Manoj...Thanx for ur reply...i thought it was ur typo error. Sorry for my misunderstanding....
Fridays FII position:
futures -1900 cr
options +1400 cr
cash - 700 cr
ok manojji, time gap is there , but i guess sir considers 2 trading
days thats why he has written 5873 for today.
Dear Prabhakar!
If its heavy rush for voting...then my experience says that Amma is coming with clear cut majority. In majority people have come out against corruption...no other alternative there.
Yes, Kumar sir. The current feel seems to be in favor of Amma.
ha ha Kumar Sir. "Cong is the elementary school of corruption, DMK ..College,ADMK..University" Mr Cho Ramasamy, 20 years back. Today there are no schools. All establish their own Corruption Universities with new and state of the art techniques !!! So not my criteria for voting.
Prabha,
Same scenario in Coimbatore too..
Dear RG!
Thats why i mentioned about TINA....There is no alternative...Inna meena deeka...
21 hour SMA is @ 5841. An hourly close above it would show more strength. A close below it may weaken the intra picture a bit coupled with a "Shooting Star" like formation.
krishna are u from cbe. RG sir nice one
Dear RG!
I totally disagree that Congress is elementary school of corruption, they r creator, inventor & incestor of corruption. Recent record also in their favour, this is most corrupt Govt of our history.
Ramash,
yes, iam from coimbatore..
@Fire, I am about to type the same on 5841.. Hope in sync as of now.
@Prabhakar,
:D
SFO, can you write here what you mean by that posting @ 11.59?? :d
moving below 5835 wud add to more strength of bears...
Agreed Kumar Sir. It was said "20 years back" - the alphabet of the art was taught at by the Grand Old Party of India (GOP). We have a Tamil saying "the man who collects honey is bound to lick his palm" - poor politicians, how can they control the temptation ? I pity US.
Chance ille, RG sir... Hope you are pouring it out..
NEW POST DONE.
My opinion is that "corruption wins " because bribed persons have "Manachaachi" and come for voting to the "favored" candidate. Viz the crowd. How many educated or so called people have gone for up to time for voting. If it is true, people will select amongst the least corrupt -sorry for oot
Well said Kumar.
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