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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
64 comments:
Ilangosir in themorning update u mentioned decisive days ahead as per fires charts can u fed any link to that
CALL
5300 +0002,700 +2.03%
5400 +0045,200 +3.31%
5500 +2,53,950 +6.34%
5600 +3,37,900 +5.98%
5700 +3,49,850 +5.73%
5800 +2,57,700 +3.58%
Put
5200 +0014,000 +0.30%
5300 +1,25,300 +2.00%
5400 -0098,700 -1.30%
5500 +0039,300 +0.61%
thanks Prabakar
Sir,
In the chart... Day n Weekly levels are exactly same.
Is that correct or a copy paste error?
Good Morning ilango sir and friends,
Today's Quote received :
A bend in the road is not the end of the road....unless you fail to make the turn.
Educated people change themselves according to the situation....
but the Experienced people can change the situation according to them.
ORB : 5542 - 5508
@ BullishCartel,
The following are the charts of "Fire", well presented.
https://picasaweb.google.com/yinyangfire/Indices#
@ Ravii,
As last week's High, Low & Close are the same as of Friday's, the pivot table shows the same figures. hence, Friday's High & Low become important ones.
masters: can v buy 5600 put
Tata motors strongest stock still above 200 DMA
Probably its number is coming to go below 200 DMA.
Thank u sir
@Fire
Nice charts. Especially the Fractal of BSE IT Index with the H&S pattern.
Thank you
sabhi bandhoo logon kor pranam !
Long with day's low as SL
TGT 5565 >5605
@Fire: The charts looks scary. Looks like the mkts have tough time ahead.
Hi All,
Nifty has formed a bearish flag pattern as per friday's closing, can any expert please confirm to my am-mature beginning?
If the bearish flag leads to a proper break down then i guess we might see 5400 levels with next in sight target being 5350. We have to wait for 5475 to break on the lower side to open weakness.
Expert comments welcome
Thanks
hi kumarji,
Need your expert comments on the above post of mine.
Thanks to all you guys for educating beginners like me
Keep up the good work
Dear hitz!
There are so many bearish signal as of now so one may see deeper cuts in coming days, 5350 will play a crucial role but odds looking in favour of bears. If Bulls can not give any selling opportunity for two months, then bears also may not provide any entry of Bulls for the same period. I said earlier too that sword is hanging upon neck of Bulls only, rest time will tell. After breaking 5790, bears never ever gave a single opportunity to bulls to enter in danger area. Dow may also start deeper cuts if closes below 12500, commodities already started downward journey so deflation will be bigger concern in coming days. I fully support ur bearish view so sell on every rise is looking safe as of now.
Kumar
@ Kumar sir,, which put we can buy?
Hi kumarji,
Thanks for responding, expert comments help to keep the undue anxiety down. Feeling comfortable to keep holding puts for some time.
Vix on new high
Dear Brij!
5500 Put is looking safe if not worry about decay factor & aggressive trader may go short here & in rally in Nifty future & buy 5500 call for safety.
Kumar
Vix have a resistance at 22 & if it closes above 22 then market will start tanking.
thanks Sir
CALL
5300 +0001,200 +0.90%
5400 +0072,450 +5.31%
5500 +5,87,900 +14.68%
5600 +4,56,850 +8.09%
5700 +2,61,850 +4.29%
5800 +5,74,350 +7.99%
PUT
5500 +1,87,200 +2.90%
For 5500 put along with OI, price also increasing, indicating long buildup.
Thanks Prabakar
5500 low ema also
Prabhakar,
generally now a days whatever picture given by Open Interest in first half of the series, Market just do opposite to that.
prabhakar- a quick query, based on ur view above do u mean people r punching market order prices while shorting since price is increasing?
@Saibhakt,
Yes, I also noticed that. It happened a lot last week.
It seems big fish playing for intraday.
ORB broke downside.. 5500 decides fate of bulls now ;)
RamCharan: generally retailers follow the trend, means
they start their punching once the price with OI
increase happens.
Dear Cooldent!
U were worried on friday, 5700 put has reached again 212 from 120. I booked here all those which i bought between 130-120. Do u remember my words, it will not cut easily 5630 so shorted at 5590 & bought puts at 130-120 there. Market still looking bearish but i booked 50% due to decent profit of 75% in a day & to buy again in rally.
Kumar
Kumar sir. Thanks. Had bought 5500 put on friday also after ur reply. Now shorted one lot hedged with 5500 call
@Ramcharan,
If you notice 5500CE OI up by 5.87 lacs(now 6.73 lacs) but price decrased by -27.45. so 5500 call writing is happening.
At the same time if you notice 5500PE OI up by 1.87 lacs(now 1.43 lacs) but price increase by +24.7 indicates put buying is happening.
In both cases nifty short buildup happening.
nifty future consistent with discount today from morning
Dear Cooldent!
Good...good, keep it up. Trend is ur best friend...these are not bookish words only, just use in trading & it will reward u most of the times:)
Kumar
@Sujata,
Tomorrow is full moon day. Where are you? It is your subject.
rajapvt- got that..but how if retailers punch market prices they wud get lower prices while shorting and not higher prices.
@ cooldent,, sorry i am not understand
Mean short nifty future & buy 5500 call ?
True RamCharan, depends on what system the individual
use,,, low or high, they should be able book profits
until anyone punch sell at bottom/buy at top,,,
@brij. yes
prabhakar- But OI wud increase when there are shorts and not when we buy right.
i think important nos. for the day is 5498 & 5534. below 5498 fast fall may come..and above 5534 fast rise may come.
i guess nifty is again a sell near 5515-5520 range with
sl abv 5540
Dear sreyO!
Thanx for ur levels, it really works most of the times...thanx again.
Kumar
@Kumar Sir Just Booked profits @10898 in BN short @ 10949 .... remembered your words to book @ four figures....thanks. And after that it bounced back.
@ cool , thanks
@Sreyo are these spot levels or NF?
above 5516 ns can test 5540 ,, ???
bank nifty,midcap index and general breadth showing
weakness in markets,i guess it may be difficult for
nifty to break abv 5568 now this series
wish to see trgts of 5205 this series
Dear SAM!
Very good, u came very fast in smart traders list. Bank Nifty not showing any current so sell again in rally of 50-100 points...sreyO mostly give spot levels.
Hi Sreyo- is 5498 a recent low?
@SAM. I am holding for 10700-750. Wt say kumar sir?
Sell triggered at 5499 stop and reverse placed at 5534.
@Cool as I am new presently I am not holding overnight positions... hold only when I am very confident of so.. I booked profits in short as my Amibroker shown RSI at oversold levels.
Thanks for your comment.
My tukka level update: today's new no to watch 5510, this method gave a false buy once and now sell is on, not sustaining above 5510, to ride the sell..
@SAM. squared off. will sell if i get higher level. anyways short in nifty
IT stocks may soon join falling stock list,
chartsindicating IT INDEX near support levels,
may breakdown
sell HCL TECH if trade below 500 with sl abv 506
intraday,
or aell wipro below 435 with sl abv 445
my levels are spot..
@Sreyo thanks
New Post DOne.
my connection is slow..reply may take time to reach you..
kumar ji,
how did u arrive @ 22 as res for vix?
pl tell.
thanks
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