Wishing you a very Happy married Life.
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...
88 comments:
CALL OI +0.96%
PUT OI +2.69%
call
5700 3412100 3308150 -103950 -2.01
5800 4788450 4453650 -334800 -4.53
5900 6726550 6314500 -412050 3.45
6000 8853350 9193050 339700 4.43
6100 5478800 5595050 116250 2.12
put
5700 8756250 8629400 -126850 3.99
5800 7048450 7376650 328200 5.62
5900 5003750 6261950 1258200 26.18
6000 992600 1459800 467200 48.57
6100 148700 163400 14700 9.89
Note 5900 & 6000 Put..
@ Fire,
Take care of your health.
Spend some time for the welfare of your body without which this journey will not be meaningful.
Do what you can.
@ Ananyavrat,
Let us see from TT if any changes take place to warrant TSL.
@ Prabhakar,
Such huge amount of "5900&6000PE" suggests of imminent breakout.
@prabhakar
i want theory about option open interest.
i want to know about it
.pls give me link
@prabhakar
5900 calls are also shedding oi, so percent change should be -ve.
Good Morning Sir and Friends.
Crude : SAR 4873 / SNI 4909. Moved above SAR (given 100+ points already since yesterday's break of SAR at 4874). Trading above SNI can take to first tgt 5002 and then 5053.
Silver : SAR 63655. Pivot 65714 R1 66594 and R2 67543. Trading above R1.
Since silver gets aligned both with crude/bm and gold, and since Crude is exhibiting +ve trend, I will buy it on dips - and happy to exit at 150-200 points.
Sir - I have your approval - just getting some guts to open up.
Hi Sea : Visit Sanjay's site - there is a nice write up. Even here at JN there was a nice synopsis by Sir - pls search.
@ rajagopal
thank u
@Mayank,
Thanks for catching the error. manual error.
@ Rajagopal,
Just this life. Do not hold back ...Right or wrong - freak out responsibly.
hi all and sir
thanks krishna for your comment yesterday.
Dear all,
Could anyone cross check my Beginning of Day OI(2 column) and pl. let me know if anything is incorrect.
ilango,
everyone talking about new highs and breakout...
what would happen if reliance shocks in result?
RG Sir GM
SNI=?
crude/bm and gold; bm=?
Thank you Sir. The looming shadow of our Prof PS puts lot of speed breakers between thought and expression !!!
Hi PS : Waiting for you to ask what is this new RG nonsense SNI?
anyon ehaving problem with google nifty chart
refreshing automatically? Suddenly stopped today
@ Prabakar,
5900CE has shed as per your data. Why "-" sign is missing in % change.
Similarly for 5700PE..
Hi DR. bm= base metals.
SNI - Significant Number Index. The prevailing price at the point of releasing of important news. As you know inventory data gets released for crude on Wednesday. Y'day it was at 8 pm. At that point the price was 4909. What I read was, if the price moves above this cut off point price (SNI),market has received the news in +ve and vice versa.
I find it useful (if possible you can check past three weeks SNI and price movement). It is applicable to Nifty and BN at important junctures as Inflation,IIP,RBI policy releases.
PS - any objection my Lord?
Yes mam. It is so today.
LV
@Prabhakar: Can you please add Nifty OI data also along
with the options OI data, because otherwise people
who just see the options OI/Price part miss about
'hedging' positions.
6000 PE is in discount, so people might buying not writing for intraday fall, strictly my precpective
Dear Ilango Sir,
As Mayank pointed out, found some change in my spreadsheet. Also got the doubt of the Beginning od Day OI values.
Will change it soon. Waiting for conformance on BOD OI Values, because it is the base for intraday values.
Hi Crore - cud u pls drop a test mail to me or Prabha?
RG Sir,
Where we get crude inventory data news on Wed and
at what time normally its released
let me also Churn Butter From Curd :D
dear ilango sirji, it takes no time for FII S to reverse the options,
Crorepathi,
Aggresive Selling leads to supply increase and hence more discount. Aggresive Put writing going on.
DR,
Ghee from butter.:-))
Good Morning Sir and Warriors
DR : The data is given on all Wednesdays at 8 or 9 pm. It is flashed on the trading terminal+your Tiger sends SMS also. I thought you are one delighted Crudy using our TA table. Even Nifty may disobey at times, but Crude is a great follower of SAR. Check it out - what butter, you may churn Gold from Curd(Crude).
thanks LV. very inconvenient
rg sir,
great integration of ta and news- sni
its excellent concept .
i am just a baccha in trading . dont take me
so seriously :-)
hi baccha(ps)..
u r baap f waves :)
ha ha PS. "Think like a Child" - Swami Ravishankar's advise on how to have clarity of thought. You are one intelligent "bacha"
Crude crossed first tgt - R1 go crude go 5053 atleast pls.
(wife will say "see.you can make more money if you come with us for holidays" LOLZ).
Master,
Will do so. Can we add to our longs above 5895?
poor elliott will shed tears
from heaven manu if u call me
baap of waves :-)
Ganesh speaks
As the market will remain closed tomorrow, Ganesha advises you to take a position accordingly.
09:15 to 10:30, Nifty may hover around the surface.
10:30 to 12:30, as compared to the previous time slot, Nifty may go up slightly.
14:30 to 15:30, Nifty may remain marginally strong.
BN above 11880.
Sir, part booking at 5920-40??
Any writeup available on successful Indian trader
except RJ,Mr.Damani, Harshad or Ketan
DR Sir,
Why are you searching else where? Our Ilango Sir is there. what you say.
Prabakar :D
Shhhhhhhhhhhhhhh
BN trying to break range
Dear all,
Due to some confusion on today's opening OI for options, i will not be posting OI values today.
Apologize for putting wrong data before.
@Prabhakar,
Any writeup on Ilango Sir?
Note the rising Hour supports which makes it easy to manage your positions.
@ Cooldent,
If it is a break-out, why not wait for higher levels.
"5965" was discussed as minor resistance some time back.
Depending on number of lots you have, take partial profits (1/3rd)
DR..
http://niftysparks.blogspot.com/2010/12/bulls-vs-bears-fight.html
@dinesh bhai,
why do u think one cant be a successful trader?
Please do not look outside for the best trader...
Get inspired but find him within you. Give him a chance.
As my father loves to repeat.."If he can, why can't you.?"
Dear Fire,
Do you any other writeup required for our Master, apart from this Blog and Family. Writeup is there everyday..
Please read "Do you Need"
ps..
i hv learnt so much from you and jazzy and RV
my counts generally go parallel to RV and
corollary to it s ur and jazzy counts..
which ends up in no trade for me..:):)
and finally go to sri and copy him :)
what a method of EW , i hav a sar f ew ..WE
@MANU,
so much written .....???!!!
Manu read remove his link :(
piyush sharda said...
@dinesh bhai,
why do u think one cant be a successful trader?
No just time pass - collection of stories for my blog
@Prabhakar,
ON master, not BY master! :D
Anyway,it was just a joke. We get the most precious thing here, i.e. the mental process of a genius trader. I can't think of anything more valuable in this market.
PS
I dont say Traders cant make money
once I can why not others
But Now I know Traders who trade like investor
can make more money
@ILANGO SIR
GREAT SAID SIR ----
Previous high's this month.
Date High
06-Apr-11 5944.45
05-Apr-11 5928.65
08-Apr-11 5926.95
13-Apr-11 5923.6
04-Apr-11 5918.7
DR..hw to remove..is anything problmatic..
Manu leave it
Sir,
-ve div seen in BN 15 mint chart ?
Nifty Intraday update: CLICK HERE
Sir,
There has been a huge open interest addition in
5900PE (+20L) and 6000PE (+15L). Thus we are going up.
But the upside looks capped at 6000 as 6000CE total
open interest is 92L. Thus 5950-70 is very much
possible today. At that we have to see how 6000CE
behaves, that will decide we will go 6030 or 5900 again.
5808 is the resistance in weekly triangle, above this triangle breakout on the upside in weekly frame. Monthly channel breakout above 5945.
well manu, rv jazz both are excellent in waves.
i just read sir and them. u have amazing talent
to grasp various studies.
consider this thought it just struck me once.-
ppl wud say information is essential for traders.
the other side is information is the only poison for
traders and investors . u have far more than u can
handle internet makes it worse and keeps u away
from profitability
Taken from NSE Website.
6000 PE +171.93%
5900 PE +44.53%
false break out ???
@ DR,
Minor -ve div in Nifty too in 5min chart.
@dinesh bhai,
how can a trader act as an investor.
he can have different positions being a trader/investor
and manage it.
if someone is having a portfolio and he trades
in nity futures he is basically just punting to get extra money from
market volatility. if he is not successful in that he
wudnt punt under whatever name
speculation/hedging the lines are too thin
FIRE said...
@Prabhakar,
Any writeup on Ilango Sir?
"Breathing the market since 1992"
Fire - Above is the title of the book that will be written by one of us or our juniors. One main chapter heading could be "Father of the Successful SAR" (PS holds the first right of refusal to write this chapter).
Nifty hits exact channel resistance at 5913.
sir,
Regarding Open Interest, one should also note that there was huge build up in 5800 call. So, lot of shorts must be stuck there. It will only bring short-covering in the second half. Such huge buld up in 5900 and 6000 puts can't be ignored with only 4 sessions left after toda.
Some sharp upmove seems to be coming. 6000+
In alternative count, sir has given the possibility of 3rd upwards in monthly frame.
ilango,
nifty has filled gap of 13th april closing price of 5912
and starting retracing...
does this have any importance?
13th april's close was one day before infosys results...
Piyush Sharda
I dont have any PF
I deal NF or BNF as my PF :D
buying NF your PF is well diversified
Resisted at hourly trendline at 5908 again.
Sir,
Chart posted on your mail. Please check and comment.
possible wolfe wave setup with downside target of 5750. Overlapping waves since 19th april.
rg sir,
dinesh bhai is sir's student who is excellent in sar.
i do sar in majboori. dont know anything better.
btw u r the best in writing skills, confused u r better
trader, ca, or columnist(cud have been)
@RG,
:D
@Prashant,
I am taking heart from Master's lesson - those who are in pain will face more pain. Especially when Expiry is so close as you rightly reminded.
11898 BN fut todays open
below that I will close my long
but will not short :D
above that long no problem
ok dinesh bhai. u r right abt diversification
of portfolio. :-)
i was just stating some successful investors
who may equally successful traders
@ Kumar sir,
Will you available for chatting today?
regards,
sreyO...
dinesh bhai wont that be very aggresive stop.
nf and bnf are maintaining the gap.
is it not super bullish?
Any idea when is RIL results anouncement?
Usually after market hours...
Buying CALL n PUT in equal parts is nice idea?
5% up or down movement on monday would give nice return right?
Please advise.
above strategy worked wel for infosys and hcl result.. just my observation.
piyush sharda
if
sharad pawar
says something on TV
super bullish? will turn into Puli LOL
keep some cash free for 27 apr 11 wed it will be very exciting day
Ilango sir, wht sud b sl for intra longs..2hrs low??
he is telling hold the mkt
http://www.facenfacts.com/daily_img/4737_S_sharad_pawar.jpg
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