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...
75 comments:
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 well for infosys and hcl result.. just my observation.
lol Dinesh bhai
dinesh bhai :-)
Alert- daily n hourly JNSAR numbers are converging. Usually we get good trades.
Sir- i remember before nifty fell to 5175, there were so many whipsaws and nifty was in a range of 5400 to 5500. People were writing deep ITM calls and then there used to cut in OI the next day. I see similar pattern here.
Mail received
Presently Mars is aspecting Jupiter and there is Mars+Jupiter
conjunction on 1st May. So this uptrend in Gold may continue upto
1st May (may be roughly upto 22500). Again further trend will be
decided after 8th May when Jupiter and Mars enter Aries.
(But we should take astro as guidance and depend more on EMAs)
Nifty Spot Low's this month.
Date Low
06-Apr-11 5868.8
07-Apr-11 5866.25
05-Apr-11 5855.85
04-Apr-11 5833.2
08-Apr-11 5822
And 5858 is yesterday's High(Gap which needs to be filled)
any idea what time TCS results expected ?
@PS,
For you -- (changed my mind a bit :))
https://picasaweb.google.com/yinyangfire/FIRECharts#5597925983563542658
DR, RG sir. If someone wants to invest in silver wt target can u expect?
TCS usually reports after the market close. Perhaps around 5.30 - 6.30 PM
On earlier occasions when it fell from above 5900, the fall was quick.
This time it is a slow corrective fall, the resistance may be cleared in the next attempt if these levels hold.
it seems that even holding above 5850 till 1:30 will be enough to scare the bears.
bearish wolfe wave activated. First target 5820. Next 5760.
what is a bearish wolfe wave misnomer?
how is it activated?
thanks fire.
heard this for the is time target
will be 6338 isnt it ?
@PS,
Yes.
@ananyvrat: its a trade setup like any other (eg h&s) with a price target.
The breakout over channel upper boundary was a false one. It has reentered the channel to activate it. Targets will not hold if downmove is sluggish.
DR,
your trading rules are very interesting and realistic.Please share other rule you follow.This will help to new comer.
Cool : DR indicated 08.05.11 + dates. To invest we have to wait. I remember one friend expecting 10-15% correction .... must be 5 to 7k low. One long story read:
JPM has covered 1/3rd shorts. Balance to be covered. The covered Silver short is in physical and is held back in inventory. If the wait is for the balance short to be covered and then if the physical is released back into market, it will trigger a deep correction. What say?
Thanks RG sir. Dont know anything about commodities. A friend asked for advice hence posted the query
sir,from where can i download the excel sheet which
u are posting daily?
@DR
Excuse me for correcting.
Mars is with Jupiter in Pisces, Mars aspects any planet
when they are in the 4th 7th and 8th house from it.
Ashok
@bhageerathi. Right hand side. EW/Technical analysis. Justnifty TA
@DRSIR @RGSIR
i was expecting gold 22k, silver 67k. Now i prefer day trading. No positional in gold. In silver 69k possible but no positional long too in silver.
10 to 15% correction is expected at anytime in PM. will update more after little more study.
jiggggggggggggggggg where were u
so may absent marked
Ashok ji
I am Brahmin but dont know anything about Astro
it was mail received from 12th standard girl
she is learning astro from her father :D
@DRSIR
Was present sir but not able to post.
Too much rush of customers to buy silver and gold too.........
Head and shoulder pattern in BN
is turning out to be
pain in Head and shoulder pattern
@ jigs,
Here in Ahmedabad, silver in physical is quoting at 68K at present and delivery is to be given after 3-4 days...not immediately.
Bluechannels and newspapers giving target of silver 1lakh 2lakh. People do not want to miss this rally.
Where were there BC and NP when silver was trading at 7k or even 15k
Ilango for nifty positional which chart and which method u use
thanks cooldent
Thank you Jigs. Same pattern here. Just a beginner in Comm trading. Intra itself is enough - to hit the pillow happy and relaxed. Risk is to the extent of leaving 1/5th of traded qty for over night benefit. Even then Silver gives pleasant surprise so far. Please keep guiding us.
Hi Gauresh. How r u? Correct me on my Comm view - focus is only Crude and Silver.
@ lalit,
For positional trades, rely on day macd & Stochastics with 5 D & 14D combination. Daily Tech table values, especially DLEma helps to hold.
sir, can i buy here again?
@RG,
I trade only in silver and trade like an investor. I have been long in big silver since 42 k for 2 lots and go on trading in minisilver 2lots each time for each decline and rise of 400 points ...keep booking profit in each trade step by step. I keep funds spare to buy at decline upto 6 times. Yesterday night got good opportunity to buy at 1200 points dip from the high.....
Ilango SIRwhat will be the stop loss for longs if taken today
@RG, @jigs,
10% - 15% correction in silver will give us good opportunity to buy more at dip
That's lovely Gauresh. btw your Ahmedabad trend indicates deep Bullishness? Buying at forward price today?
@rgsir
right way.
@gauresh
Importer do not want to import in advance.
Wholesaller do not want to buy in advance.
Small shopkeepers are short from 40k so...no physical
Only retailers want to buy and they are earning still buying
@ SreyO,
If you buy now, manage it with Hour JNSAR.
@ Parminder,
manage your positions with Hour JNSAR.
@jigs, gauresh bhai,
is physical silver 0999, not always at premium to mcx?
thanx for your reply sir. I'm long from yesterday and booked profit at 5908 NS...i wanted to enter.
sir,
what parameters to be used in stochastics
(%k ;%d) and for macd for intraday trades in diff time frames
5/20/60 mts
thanks
Back with OI again. I have cross checked with NSE website.
CALL OI +1.27%
PUT OI +6.81%
call
5700 3375900 3185550 -190350 -5.64%
5800 4664800 4184700 -480100 -10.29%
5900 6103900 6223400 119500 1.96%
6000 8802750 9444600 641850 7.29%
6100 5478800 5673150 194350 3.55%
put
5700 8298000 8872400 574400 6.92%
5800 6984200 7726500 742300 10.63%
5900 4962800 7345700 2382900 48.02%
6000 982600 2677500 1694900 172.49%
6100 148700 159650 10950 7.36%
@ DR
that's OK, just wished to share.
Ashok
@PS not understand what u are asking?
@ piyush sharda,
That is not always the case. It depends upon the demand and supply of physical silver. The disparity of price in both physical and forward markets goes on changing as per the situation of actual demand and supply of it.
@ RG,
In Ahmedabad, the trend for silver and gold is bullish, but now a days all traders have become cautious. They do take risk at such a high rate, but calculated and limited risk.
@ Suresh,
If you download the excel file from the link given as "JustNifty TA" under EW/TECHNICAL ANALYSIS heading at the side bar of this blog, you can get all the parameters used.
I have just seen… one of the higher officials (aged 40) in my office (SW company) reading this blog
OMG…. Ilango sir’s fame is spreading like a wild fire ;)
Ravi
Now you going to be on task he is reading your post :D
@RG,DR,Jigs, Gauresh,
Two simplistic charts for you ---
https://picasaweb.google.com/yinyangfire/FIRECharts#5597945452660596786
https://picasaweb.google.com/yinyangfire/FIRECharts#5597945531584436578
My question is , is it possible for Gold? I know the charts are too simplistic. Still, expecting indulgence. :D
sir,
pl tell me as per my reguirements
thanks
@jigs i was asking that the price of physical silver
0.999 purity is always at premium to mcx. gauresh bhai
is of view it isnt that way always.
thanx for ur view gauresh bhai . here u mean
physical and furure market b cos 68000 is physical
just goods delivered in 4 days due to shortage may be.
usually they have ready stock.
furure- future (typo)
RG,
Sent an email to Prabha, can I have yours?
yes DR, read Ravi post, he should get a task otherwise
he will be busy until 3:30PM.
From next SAR trade, I have decided to do this…
Log into share khan a/c only when SAR hits…. Guess this works… temptation would kept away to greater extent… which is major cause of my losses
@DR
That's a good one. If we don't see Ravii around for a little while, we all know where he was.
Dinesh Rishi@ LoL :) Hope this Ravi is not the Ravi that he knows of.
Dear Prabakar,
Put
5900 4962800 7345700 2382900 48.02%
6000 982600 2677500 1694900 172.49%
IT looks abnormal when Nifty at present is struggling to cross even 5900... Has this rally come to end ??? because still long 4 days to go for next series.. and look at the addition.. it is indicating something else and more over no significant rollover there in Next series... Bulls will have to give a close above at least 5900 for sustain up-move is very reasonable expectation here.Let us see.still 1.45 Hrs to go so let us hope for the best...
I am not Ravii in Off.. hence no issues..
Haha.. DR, good one sir... :)
looks to be good 2.30 set up....
@PS some times silver physical=mcx+1%vat. Gauresh is right.
Demand and supply issue is main
anyone short?
ilango nifty hour and 35hr chart which u use now it is for
Crore : Prabha wl forward to me and I will respond to you.
===
Fire : Good thought. Truth is simple...and why not. Thanks for the effort. Keep indulging.
intra day
me @5915 shorted, waiting for 5850 to book
RG Sir
2day 2:30 O+ve?
thanx jigs
@RG,
Thanks once again.
TCS monkeying around making nf jump too.
Yes DR. It is +ve on Thursdays.
Now must start noting down what happens on truncated weeks...Sir has planted seeds of doubt.
New Post Done.
SBI making highs all the time.
Weekly candle in BN is Hanging Man
Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer
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