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...
58 comments:
Now 5850-60 will act strong resistance....Nifty's sibling also joined & gave up 150 bucks in few minutes.
Sir,
5868 spot or NF?
@ PT
more down possible looking for new lows...
Prabakar or Sanjay...OI update if possible?
@shreyunik. always spot unless specified
sir had said earlier..if hour n daily JNSAR triggers at same time then go chance to earn.
@ Immortal
yes... we need OI data....
@ Shreyunik,
It is last two hour high - 5869 Spot.
30% OI cut in 5900 pe where as 16% added in 5900 ce & 14.7% added in 5800Ce
Ilango...Week pivot is also 5869...:)
pt/mynac ..hi..
u both good hibernated :)
anyways infosys tech touched 9 % down n nrml day(no lc types day)..
i dont think i hv seen ever n my life
@manu :))
@Manu
GA --- In the last 3 years never i have seen Infosys battered so ruthlessly -- Looks like indication of the Result season now ..
Dear Friends,
The cut in 5900PE is more important, as shows a cut of all that was added on Wednesday, but not much addition in 5800CE, so 5800 level is what I am looking at.
Sanjay
@ Immortal,
How numbers get together at crucial times..!
"5826NS" is the weekly High ema. A close below it would confirm "weekly sell on rises".
Daily numbers - 5861(5DEma) & 5898-(DHEma)would decide day trend.
@ Chandra
use 15 min chart.... maybe suitable for you....
I don't have data feed service for AMI...
Regards
IT
pt..
this means a infy a intra buy now..
:)
Last week dragonfly doji on weekly chart so any close below 5840 today is bad for market. Below 5800 close will attract serious fall next week. Here is ready link of Call-Puts open Intt data:
http://www.sharekhan.com/stock-market/derivatives-india/12/NSE%20INDEX/NSE%20INDEX/NIFTY/option-chain.htm
@Manu,
No Buy below 3126 in Infosys ...
Ilango sir, Can you please share how to calculate
JNSAR?
pt..
just intra i said..myself nt intr trader genrally
it has lost 1/10 fr market capital 2dy itself..
Infosys has manged these poor results despite an extra ordianry income of 150-200 cr. Secondly prominant board director resigned...Fiis will definately take a -ve view here. I think more serious fall will come in this counter in coming days.
turnover
90 thousand cr ..12:30..
udi baba
pt.. y a 20 rs premium in infy..
some dividend kya?
BN's JNSAR-11703 protected.
For 1.00PM, Hour Low ema-5830- close above it neutralises weakness for a while.
A close above HEma (now @ 5852) would bring strength.
Daily numbers are still far away..
BN -45 not much damage done
&IT,
Ok & thnaks
Chandra
If big damage is on way then it will be in last hour bcoz its weekly closing, war of survival for both.
Yes Sir
Strict on SL now :D
But News based candles get retraced :(
1 lakh cr 1.00 pm
aaj kya banega
@Manu,
Today whipsaws in NF premium .... Volatilty back again
Dear Kumar,
Means if unable to sustain above 5840 then 5818 & then 5795 i.e. 5790 would be there?But looks Bulls may fight back for 5840 first.Let us.see.
Dear Mynac!
Thanx for ur clear cut view, i expect stampede in Bulls camp below 5790.
Hello Sir & Friends...
Long time:) Back to Action...Premium is decaying fast...is it early indication
early indication of going southward...
Dear Kumar,
Decreased premium indicating the clear cut intentions of sellers.I have still hopes for 5818:)) but the momentum is favoring bears:))Let us see.What's there in Market's mind !
I was away. sorry for the delayed OI.
CALL OI +5.96%
PUT OI -3.41%
call
SR.. BOD OI. Cur oi. Diff... Percent
5600 1004750 .965200 .-39550 -4.39
5700 2363650 2385350 ..21700 -0.61
5800 3929250 4559900 .630650 17.97
5900 5349700 5893450 .543750 18.97
6000 7553300 7789350 .236050 2.94
put
SR.. BOD OI. Cur oi. .Diff... Percent
5600 5482150 5553900 ...71750 .1.88
5700 7443650 7009000 .-434650 -8.63
5800 6773050 6095850 .-677200 -8.88
5900 5021300 3715650 -1305650 -32.01
6000 2600150 2206600 .-393550 -20.58
@ilango sir
What will be Appx. Stoploss of banknifty for monday?
if we see BN "All is well"
if we see Nifty "All in Well"
@ Jigs,
BN's JNSAR will not chaange much..may be 11708.
BN's 5DEma is @ 11727 - Closing below this would be weakness.
Jigs I will maintain 11680 Fut/11630 spot :D
@RG,
With all the work done already - does this friday change colors?
Infosys Weekly chart with support levels and 30 Minutes chart with today's action: CLICK HERE
@ilango sir,
Mkt is moving around weekly dema 5826range...
any chance of closing below that level..
we witnessed 3badnews in single day...
and rate hike news also coming...
U r view sir..
Thanks in advance
May Nifty oi.
6000 call +60.11%
6100 put +60.45%
thanks Prabakar...
Ilango sir, waiting for your input.
Oh Yes
why BN holding
if IT is down BN is up via-a-vis
Dear Prabhakar!
Something is wrong, 6100 put +60.45% ???? Kindly check again...
san ..hi ..seems gap filled
i m interested to buy but banks seems better..
infy making scared
Thank you DRSIR and ilango sir
dear sir & all,
today is POILA BOISHAKH, the bengali new year day, wish all the members od JN family a healthy, wealthy and prosperous NABA BARSHA (new year).
regards,
sreyO
i think nifty is going to fall another 50 points from here
6100 puts -10.16%
@ Engineer,
A simple rule to follow:
Prices above High ema is for upward momentum.
Prices below Low ema is for downward Momentum.
Prices below/ above Close ema is for dn.trend/ uptrend.
Aggressive traders start selling below High ema itself.
Most part of the day has been trading below DEma-5861(Trend indicating one).
For downward momentum, it needs to trade & close below Low ema.
Until then, we'll call this correction.
It could turn into dn trend...which depends on how the prices act around 5794.
New Post Done.
@ sreyO...
thanks
I think you r Bangala bhandu...
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