Friday, April 29, 2011
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...
23 comments:
Good Morning Ilango Sir and Friends
NIFTY Daily Analysis: CLICK HERE
ilango Sir,
Good morning
GM illango Sir, I want to know about the sell trade in aggresive trade yesterday at 5830... in TT there is nowhere JNsar is showing 5830 value so how this trade is initiated on what basis?
I am new here so just for knowledge.
Good Morning ilango sir and friends,
Today's Quote received :
Respect the old when you are young.
Help the weak when you are strong.
Confess the fault when you are wrong.
Because…..one day in life you will be Old, Weak or may be Wrong.
Life is like cotton….don’t make it heavier by sinking it in the water of Sorrow….
but make it lighter by letting blow in the wind of Joy.
GM to All. Nifty hourly chart is forming a
inverted H&S pattern provided the low of 5700-5750 is not
breached. We can easily target to 6100-6150. The same
thing is happening in DOW & S&P.
Any comment on this. Please advise.
Regards
numbers to watch: 5779.. March 31st low, 5736- low on april 13.
Good Morning Sir and Friends.
Sir, 5745-65 will be part booking zone?
@ SAM,
Yesterday's JNSAR was 5836 but I have given it a small filter and kept it as 5830 as per Pre-Market view.
When it triggered, May series NF was sold @ 5855(25point premium)-Corrected now.
Nifty hits hourly lower channel boundary @ 5770.
Nifty got resisted at exactly daily pivot at its high.
GM Ilango and fellow Blogmates
Good Morning Sir and Friends....
@ Cooldent,
Trading below 5784-WCEma is weak.
As FIRE said, it is holding Hour channel @ 5771. If that breaks, then 5745 or 5755(S1) are possible.
@iLango Sir,
Thanks for quick reply ... but it makes contradiction in two prices that Stop and reverse is 5830 ( this is spot price I think ( so NF may be 5855 with 20 point premium) so loss is calculated on this basis of Spot price but next trade is at 5855 (is it Future price)
Please guide me for confusion.
@SAM. JNSAR and all other numbers in TT are spot values.
Dhoni Mom: Ja beta bazaar se sabzi le aa.
Dhoni: par Maa, hum log South Africa se match haar gaye hai, public
bohut gusse mein hain..
Mom: Meri sari pehen ke ja, koi nehi pehechanega.
Dhoni goes to market wearing saree.
A girl: Hi Dhoni, how are you?
Dhoni got Shocked.
Dhoni: Apko kaise pata chala.
Girl: Abeh... mein Nehra hoo.
Good Morning
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@SAM,
Though JNSAR & other Technical numbers given are of spot, the executed prices are always of Future prices. SO there is no contradiction.
I can not do TA study with future prices because of discontinuity from settlement to settlement and wild fluctuations in its premium & discounts.
Hence, the study is based on spot but the executed levels are always of NF.
Sir..what is the low ema for today?
Really thanks for guiding me and replying me sir.
lol dinesh bhai
New Post Done.
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