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...
93 comments:
How 5847(in blue) comes in your pivot table what is it.. in JNsar extra row?
Dear Mishra ji!
I fully agree u.
Dear Piyush!
Manu is right, U r really father of waves...knows everything what draupadi said & what others, keep it up:)
@ Chandra,
It is a clear case of a sideways movement. Hence, I have often removed the filter.
Best way to trade is to sell closer to 5900. part book near 5800. Buy closer to 5700.
Though the trading range varies on some days and the same may be traded using pivot, support & resistances.
@ Kumar sir
thanks for the hope and faith
I will try to remain the best....
always here for help......
@ piyush sharda
please provide valid ID (yahoo id bounced....)
better if you have gmail......
@ Fire,
Retrace for 5792 to 5893 comes @ 5855-done; 5843 & 5831. I would be concerned below 5830.
Master,
Thanks.
@PS
Short cut to your problem.. Change login profile:) so that you will get default settings of IE. But i feel its not browser problem
Dear Indian Trader!
I dont believe in everyone easily, i saw ur potential, good intention to help everyone all the times...keep it up. One suggestion to enjoy life...keep going slow either u will miss the sight scenes of life due to fast speed. God bless u:)
PS,
Close all program.
Go to Start-Run-Type %temp%-enter
Ctrl+A
Delete all
Than again in Run Type --cleanmgr
Will take some time tahn select all the files and delete.
Restart the computer.
This should solve the problem hopefully.
thankx babu how to do it?
thanx rajib
forgot to do earlier have done that didnt solve.
@IT
left new msg at ur blog
Ilango sir, sud i reverse my conservative @5825??
@ Ilango Sir,
Thanks for your response
Chandra
@PS
do as suggested by @manojag. create a profile we will use as last option before going to share your PC to rest of the world :)
@ Illango
considering the amount of time the Nifty is trying to breakout of the upper channel resistance of 5905-5945 do you think it is going to break out any time in the near future. I can see three possible scenarios
1. It bounces of the resistance line in search of a new low (Wolfe Wave).
2. It finds a new channel to contain itself for the time being.
3. It bounces off 5800 odd levels and finds some strength from somewhere to break out of the 5905-5945 resistance. This seems to be the least likely possibility.
Dear Sir and Friends,
5900CE OI addition 20 lacs and now net OI above 1 crore, so upside seems capped for the time being.
Thanks & Regards
Sanjay
Once 5830 is gone on downside, it will be fast and furious downmove.
I am of the opinion, that 6200 will not come for years to come.
I already exited from ULIP equity fund to debt fund. sold all mutual funds.
becoz even if it goes to 6300 in a year it is 10% return hardly
and riskier than to earn 8-9% per annum in debt .
expiry i am of the opinion, may happen closer to 5700 or even little lower.
thanx manojji,
babu,
i defragged a month ago. the 1st option by manojji i do
every 2nd day . 2nd option i am doing.
@PS
Do you have any firewall and Antivirus in your system?. Why i am thinking system side/ Internet provider as an issue is, you have installed Firefox. If system is ok.. it should work ( assumption that you haven't changed any settings). If its cookies issue, you can't post messages here too
@Sir,
If you feel we are wasting space here, we will switch to chat for this issue
@saibhakt
plz do state your reason, why 5700 expiry,,, u will kill mw i am holding tons of puts written...
what will be the biggest loser in nifty 50 today?
any guess?
mine is ITC.
I do not hold any position in ITC. Only have put option of nifty 5900.
is it fast fall set up taking place in hour chart?
@babu,
i dont know anything to change settings. it was working suddenly
stopped. . posting frm different computer. cant login in
mozilla in my comp.
anti virus i have babu
Dear SaiBhakt!
Mine is wipro, lets see at 3.30pm. I also have no position in Wipro but using its tubelight:)
@PS
you haven't answered all my questions, R u using any antivirus or firewall ?:)
Uff another jnsar trigger? :((
PS,
The problem could also be due to your ISP provider's end.Try surfing with another one if you can.
have anti virus and firewall nod32 and avira both
@PS
Create a new user account and check it. when you create new user, you will get all new profile with default settings( if any settings got changed will come back to normal). If this didn't work. share your PC to world :) and take care IMP file from like me people :)
cooldent
today's trigger is 5825... and 5830 is trendline support... so wait before taking action
+ hourly chart is o/s
Thanks sheyunik. Really fed up of the whipsaws :(
astroteh nifty rocking -70 from days high waiting for -100 to -150 upto closing
ok babu,
will do it eod. dont have much money to be scared off
in my bank account :-)
ok manojji will try different internet connection
on same comp eod
Dear Kumarji,
I was out of the market from 30th march. My mother went down from stairs and got heavily injured.
So i was with her in Viveknand hospital, lucknow till yesterday morning.
today I just came office and straight way bought 5900 put at 37.
money almost got doubled now.
so what should i do?
kumar..hi..
me soap :)
saibakht ji..
u r saying not even 6200..
if thr s no prblm ar uncle sam end
then in india interst rate cycle seems peaking up..
money will cum back to equities ..
and if qe3 is declared then boy o boy..
india s fav destination..whr top honchos get jail..
not even n US ..lehman crisis or "fat finger" if u rmbr..
no one gets jail..only minority like raja fr insider trading
gora ne aisee nahi rule ki puri duniya
i myself went fr a double indexation debt.
.now finding equities r stil better
sir ji, 5830 broken.
Dear SaiBhakt!
Sorry to know about ur mom's accident, wishing her speedy recovery...take care of her. Good luck to u & give good calls to us too, tk cr:)
Channel bottom comes @ 5815-approx.(Use the same for JNSAR +/-5)
Dr Sir,
You closed your shorts and
Bhains (buffalo) is slowly slowing entering deep waters
Sir 5830 gone what next
@DR and kumar sir. Really :((
nifty future open interest is huge this time around. so whoever wins now between 5810-5860 will get huge advantage: bulls or bears?
may be bears will win bcoz everyone seems to be bull.(biased view)
Dear DR!
As a trader i will re-enter if it convince me, specially below 5790 i would love to go short in Bulk.
DR..
i had send u so many buffalos..did u c one..
u didnt posted kids snaps n blog
@PS
We are with 'JN' and 'stock wealth' means we have good account balance :)
one important point, stock future has been consistently sold by FIIS throughout this month(just seen the data)
so more downside looks reasonable than upside.
Dr Sahab agey Badho Hum tumharey Sath hai :D
@kumar sir. pls keep us updated
@kumar sir. fed up of desi daru :((
DR bhai!
Teji me Ya mandi me???
Manu today will do today evening :D
Waiting for the price action. Let NUMBER speak.
Kumar Sir
As usual will close long but will not Short
Short na baba na
The whole world is advocating big fall
but no sell signal yet :D
Dineshji good afternoon
Sir,
Will this JNSAR trigger work?? I guess this one should be the final breakdown?
@shreyunik. 5815??
Parminder ji GA
Time to change dress :(
cooldent
well trigger is 5825.. sir said manage it with +-/5 points and trendline support at 5815
DR Sir
which way??
ga Sir n Blogmates!
Need advice from commodity traders - DR ji, RG, Jigs.
Holding gold/silver (physical), is this the right time
to exit(book profits)?
Please advise.
Thanks.
going long with stoploss as mentioned by Ilango sir,,,
DR..wht s bn spot low ??
729
BNS
Physical holding never sell
if in need of money pledge them pay 1.5% interest
return will be always more :D
Manu 732 at my end
@babu,
no banknifty for me. only nifty .
account has gotten better
after jn. but as sir says"get rich slowly"
Ilango sir can we say small +ve divergence in 5 min chart??
trailing intraday longs now,,,Kudos Ilango sir,,,
Thanks DR ji. If no sell, then pledge seems to be the only way to realise value from it.
OMG same story of yesterdays repeating
Nifty retreating
@DR. 2 bajgaye lekin party abhi baaki hai
DR Sir,
Just came back and saw the note of Master.
"Channel bottom comes @ 5815-approx.(Use the same for JNSAR +/-5)"
And bought 5900CE :)
BNS
jigs will kill me
because once you buy and sell 50% value goes to jigs
5835 should hold, otherwise will come out.
@ SaiBhakt:
Interesting to know your strategy on long term investment portfolio in mutual funds.
Can I have few names of Debt funds that are good?
Appreciate your input.
Regards,
Raj
Prabhakar 5900 call and 5800 put on radar
will try tom :D
I came out out with 3 points and my scheduled power cut in place.
Will try to join tomorrow.
Till then wish all a safe & Profitable trading.
Dorai Raj
dont go for Mutual Funds
start SIP of Nifty BEEs/Gold BEEs at your own
for details Google their performance and compare it with MF
DR ji had bought with idea of investment. At current
valuations it is too tempting to cash out. Have never sold
or pledged ever. But current levels force you to think -
" there must be something called profit / value realization?" :)
DR: any specific strategy for the options in radar?
Premium in nf may reducing fast
I second DR on physical bullion. Additional suggestion, give it to your daughter and say "with best wishes".
fundamantal analysts say usd 3000 and 110 for
gold and silver. wave analysts say top is near.
sell out. its as confusing as nifty...
rajapvt.
Nothing spl its to satisfy expiry day trading itch
dont mind giving 10-15 points on every expiry
rg sir, dinesh bhai
bullion has huge movement and has bull market and bear
markets.(u ppl know much better than me)
after 20 years gold and silver may be lesser
than what its today.
New Post Done.
DR: Okay, thought some expiry jackpot kind of trade,
hence asked with curiosity.
Dear PS : Your grandpaa would have bought it at Rs8/gm.Father at 200/grm.You at 400/gm. Each generation has been paying more only. With ZERO fresh supply in gold, I don't think it can come down so drastically, atleast not till our noble women treat it as useless as husbands !!! LOL.
haha RG sir,,,
PS
agreed
"after 20 years gold and silver may be lesser
than what its today."
they mine it can cant produce it so it will be sure lesser that what its today
25 points gulped for 50% longs, holding the rest
with JNSAR.
@DR:
I am looking for debt funds for safer investment, by selling off the equity based mutual funds that I have in hand.
Just for portfolio diversification in safer debt funds during the turbulent times / bear market.
Regards,
Raj
Bye Sir. Bye Friends.
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