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...
47 comments:
CALL OI +3.47%
PUT OI +1.56%
call
SR.. BOD OI. Cur oi. Diff... Percent
5600 952600 972700 20100 3.47
5700 4076250 4820350 744100 19.72
5800 7363100 7823400 460300 8.33
5900 7008600 7296500 287900 4.61
6000 9194700 9159950 -34750 4.23
put
SR.. BOD OI. Cur oi. .Diff... Percent
5600 6098550 5829400 -269150 6.99
5700 7638250 8012350 374100 5.36
5800 4890300 4704400 -185900 0.77
5900 2711650 2645250 -66400 -1.03
6000 1300250 1222650 -77600 -3.49
Hi Everybody!
Today i am going out of town so i will not be available after few minutes. We have 3 shorts trade @ 5500-5600-5700. If Nifty future trades between 5600-5650 then seller of 5600 & 5700 should cover their Shorts at those levels. I will not be available so dont miss ur trade, If Nifty spot closes below 5600 then Buy puts of 5500 near closing.
Rgrds,
Kumar
Morning Friends...
Ilango..Do u have any complaints against my post...i have been posting a bit too frequently..If its against your blog rules or something then please advice i will withdraw posting comments here.
@Badri,
Its 5736.
Kumar Sir - Have a nice time. I am chillling out in Goa.
@ Immortal,
Just simply be yourself.
Do not bother yourself with what anyone thinks of you.
As long as you feel you're doing the right thing, why cloud your mind with these kind of thoughts.
Thanks Prabakar..
5700 put adds more OI?
No sir, I didnt sell earlier, I was long since Mar 23rd [with a rollover on March expiry]. I usually follow the conservative trade section, and keep reading your updates regarding conservative trades. Yesterday, I asked you and you mentioned you'll be updating the conservative chart today....
RG Sir WOW!!! Have a chilled one for me ;)
@ Krishna,
I missed changing the conservative trade on Monday., especially after a close below WHEma-sell on rises. And the rise came promptly on Monday opening session.
Weekly trend is in the process of a "reversal" -gets confirmed by Thursday.
Increased OI in 5700 PE causing a concern, hopefully
unwinding done when it nears to 5760 range,,,
No trade done so far,,, waiting for Ilango sir levels
to short.
Ilango sir
Weekly trend is in the process of a "reversal",,,
meaning the up to down, am I reading right?
5700 call shtng n 5700 put buying seen
RG Sir
visit my shop in Goa
http://alvares.in/mario/f/2008/12/goan_feni_distlation.jpg
Dear RG!
Thanx & have a nice time u too. But i have reports that U are in switzerland, some say due to travelling and some saw u in swiss bank:)
Prabakar
NIFTY PE 5700 having maximum OI , What do u feel , Nift 5700 will break ???
Nifty trading in range of days low and averages....
Cool/DR - Chiilling with Iced Tea.(Bad company for Teachers).
Kumar Sir - Blessings/Good wishes accepted with tonnes of gratitude.
Positive Div Seen in BN 15 mint chart -
Master Plz comment
"5690-5721"-zone has given supports.
Now to 5ema @ 5805 possible, if DLEma is crossed.
@ Chandra
mail sent...
This is what I need today....
nifty taking advantage of oversold....
waiting for Intraday short....
Moved above DLEma-5750
CALL OI +3.91%
PUT OI +1.89%
call
SR.. BOD OI. Cur oi. Diff... Percent
5600 952600 1030950 78350 9.66
5700 4076250 4887950 811700 21.4
5800 7363100 7690750 327650 6.49
5900 7008600 7276000 267400 4.31
6000 9194700 9330250 135550 6.17
put
SR.. BOD OI. Cur oi. .Diff... Percent
5600 6098550 5944800 -153750 9.1
5700 7638250 8107500 469250 6.61
5800 4890300 4719250 -171050 1.08
5900 2711650 2654300 -57350 -0.69
6000 1300250 1214400 -85850 -4.14
on hourly chart it is looking like bullish crab pattern.
X-5736
A-5923
B-5807
C-5898
D-5693
@ DR,
BN protecting recent low of 11490 is a +ve sign.
@ Prabakar
thanks for OI data...
Nifty Futures trading above Averages....
Dont take long trades just yet...This rally is not buying based rally..looks liquidation based price action....Jst be careful
Immortal, you said "This rally is not buying based rally..looks liquidation based price action."
What is your reason for saying this?
@ Immortal
yes may be right sir
am taking this as opportunity for sell..
Master,
Does the Conservative sell zone remain the same or should it be modified to closer to 5805?
sir what is vix position?is there any support there?
CALL OI +2.71%
PUT OI +2.46%
call
SR.. BOD OI. Cur oi. Diff... Percent
5600 952600 1037850 85250 10.4
5700 4076250 4609150 532900 14.48
5800 7363100 7222900 -140200 0.02
5900 7008600 7084800 76200 1.57
6000 9194700 9347550 152850 6.37
put
SR.. BOD OI. Cur oi. .Diff... Percent
5600 6098550 5957950 -140600 9.34
5700 7638250 8110900 472650 6.65
5800 4890300 5205100 314800 11.49
5900 2711650 2684050 -27600 0.42
6000 1300250 1051000 -249250 -17.04
Ilango sir, below which level it will confirm that bigger C down is on???5600??or WLema??
Thanks
volume too hot as of now...
cash - 4490 cr
f&o - 68500 cr
recent fall seems to be, used by 5800 call writers to exit.
@ Fire,
At short term extremes, you take an aggressive intraday positions and trade.
Conservative trade was missed out on Monday. Presently upto 5805 may be used to sell.
Ilango sir, Wave B run with volatility? Is it true?
Where do we can see the run for C?
Master,
Thanks a lot for all your guidance. A simple 1:1 extrapolation brings a target of 5893 NS. I would sell till then.
Fire, again. is it 5893 spot or 5793 spot. master gave 5805.
Morning's high volume zone acted as resistance in the morning, turned into support now.
Badri,
Its spot.Out of my laziness, I write NS (Nifty spot) & NF (Nifty Future).
5805 is DCEMA and last swing low as Master has already said.
I am thinking of this correction taking place as a 3 legged one. The first upmove was of 70 points from today's low. If the next starts from 5723, it could be 5723+70=5793.
I am following Master's guidance. But these are my own, often wrong, views. :D
yes fire. but you have mentioned as 5893NS instead of 5793NS
@Badri,
I wouldn't apologize as making mistakes is my natural state. :P
Option experts (missing kumar sir)
5900 ce and 5600 pe both at 24. How will it work if i buy both?
or a 5800 ce and 5700 pe?
New Post done.
Stop patronising "ha ha ha Ghosts".
CALL OI +2.25%
PUT OI +2.70%
call
SR.. BOD OI. Cur oi. Diff... Percent
5600 952600 1062850 110250 13.06
5700 4076250 4290950 214700 6.57
5800 7363100 7204400 -158700 -0.24
5900 7008600 7083700 75100 1.56
6000 9194700 9322950 128250 6.09
put
SR.. BOD OI. Cur oi. .Diff... Percent
5600 6098550 6040400 -58150 10.86
5700 7638250 8231200 592950 8.24
5800 4890300 5166650 276350 10.67
5900 2711650 2712150 500 1.48
6000 1300250 985150 -315100 -22.23
5700/5800 call unwinded, from highs
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