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...
70 comments:
@JIGs
Ek dum maja ma yaar :)
GM friends. all are quiet about JNSAR Long at 5431.
quiet means either the changed their coats or waiting
for the conclusion,,,
Ilango sir, took long above 5445 wht sud be SL now?? JNSAR 5431??
@Badri
Tricky phase now -----
su lage che market? 4500 aavse ne?
@Jigs
Max 5520 Ave but June ma 4950 - 4848 Sure Che
jigs su karo :D
jiggs - thanks got 2 RT :)
raja -sensex hits 18224 (short of 32 pnts)ichimoku almost done 5464 game starts now
@bizagra. 5431-20/30 points
jarur che have. mane to ati kharab lage che
@Powertrade: Che means????
Don't expect fall that much fall too,,,
biz,
5431
jigs
AAPKE MUH MAIN Dhokla
@Raja,
One of the changed coats here. This first hour close has been most interesting. It has closed at a new weekly high, above H-HEMA, DHEMA, WLEMA, daily R1, Weekly Cam L3(as Sujatha said). With all the indicators rising from the oversold zone like zombies from the graveyard and India VIX breaking down convincingly from its 2.5 months long range, its hard to keep the bearish tag now. Changing coats with the changing market keeps a trader alive.
On the other hand, watch Master's EW counts. Either e is complete or is to be completed close to 5350. So the downside risk is 100 points. The possible upside? From 5600 (if this is ii.2 retracing from 5600, red count) or far far more (pink 2 can retrace from 5900). So now? One has to decide, and take a firm decision(as Kumarji or DR has shown time again and again).
@rajapvt: Che means 6.
Jimmo
http://www.theindianrecipes.com/wp-content/uploads/2009/06/dhokla.jpg
staying idle now, waiting for DR and kumar sir view to jump into new position. (^-^)
@@rajapvt
Che means "it is" inenglish it means "being"
@chotu
Not 6 :)
Kumar sir, Pls inform if changing coat :)
A break out with a gap @ 5412-5414. Hence, the SL may be around there.
Having retraced 5422(minor high) in faster time, it should retrace 5517 by tuesday.
My better part says
If mkt is red on Tue it closes green on Friday
If mkt is green on Tue it closes red on Friday
When she dont agree with me
I also got ego I never tested her theory
@ Dr. Kumar
Ji, Have you changed from 'puts' to 'calls'.
Regards,
LV
Ilango sir,
can we book part profit of JNSAR @ 5505 to 5525?
Fire - onceagain time to read my "mail" sent to you?? 5472!!
option experts pls advice. how about buying 5500 ce and 5400 pe?
Dear Cooldent!
I m not going to change very soon but interested in today's closing, just go to my blog & u will see...this area was expected already & one can sell upto 5525 with stop loss of 5565. Actually down target met 1st so its surprising everybody. Bear market rallies are always furious, above 5465 closing one may get 5565 but lets see that how it unfolds...Below 5410 Seller will dominate again. Since 4-5 weeks, only friday is giving oxygen to bulls. Crucial levels broken this week so rescue work on, if not more downside...even then those levels will be tested again:)
Cooldent
First 15 days of Month Sell option dont buy
and after 15 days buy options
Last week never sell option
5481 not more than this sujatha
Thanks kumar sir and DR
DR GR8 u are surely into options now ;)
Rich time has come to book profit :D
closing below 5300 on weekly charts wud confirm a head and shoulder pattern which will take d nifty to 4800-4700 or even more.. but holding 5300 on weekly charts will form a good base and will let me believe we are forming a bottom there ...
rest as expected dollar fell sharply so we r seeing some buying in risk assets...
untill things unfold 5550-5600 shud b a long target..
n moving past 5600-5650 wud confirm a change in trend..
jiggs :D :D but sir and DR :P anyway if u hv fire's ID takee my mail from him or else just ping me will forward that mail
DR Sir: I 2nd your thoughts.
alert alert alert. DR closing his BN longs!
sir 11am TT update please.....
Kumar sir - time 2 note?? dear DRji booking profit??!!
http://postimage.org/image/36b1r5tlw/
ok sujatha
Karanth???
@Chotu: Any updated chart from you?
@fire sent u a mail plz check
@sujatha i requested fire
now we know the size of DR's position :))
5800 call OI added highest almost 11.5 lacs OI
keep in mind this is 5 week expiry...so i guess writing for meagre 11-12 for 5 weekes is it wise option,or is it some serious buying..??
sir,
There is a marked positive divergence in daily fast macd.
Can't this turn out to be sharp reversal?
Please have a look at This Chart
Kumar Sir Plz take charge for time being :D
295-595 me out
Now SAR for Short is 435 Fut
will not short
will grab if get some lower level :D
Dear DR!
Jumped & bought 5500 puts @135 & waiting for 25-30 points rally more in Nifty:)
can easily go upto 650 but Master says
Leave something on table for others
kumar sir, kya baat hai. me too bought at 136
India VIX down 9.50% now at 17.40
Ilango sir wht will be the confirmation of that we are retracing the complete fall from 5900 to 5330??
Thanks
DR-ji :) :)
market having snacks and tea here @ 5455-60 level for a breakout? or breakdown? cat on the wall
for me it seems some halt at recent low as on daily chart and may move till 5645 around, weekly still showing 5050 down for me.
NS daily http://farm3.static.flickr.com/2519/5764184596_a40411cf68_b.jpg
kya confusion hai yaar, dimag ka gobar ban gaya.
Intraday RSI still hovering above the 50 mark. Once it breaks it & stays below it for 10 mins or more, then hoping to see a red in Nifty :)
Kumar Sir: I am short in nifty futures. I want the VIX to come back to its sweet 20s.
Sujatha Ma'm: Kindly ask bulls to take rest.
@Sujatha,
Please check mail.BTW, please check the hourly chart of Nifty in the period of 15-23 March this year. I think you will find it interesting.
@Jigs,
Done.
@Kumarji,
Please take Nifty at least to 5565. Then you can drop it like a rock. :D
Nifty Intraday Update: CLICK HERE
Sis Suj
Join
lets also have Medu Vada with Light Sambar & Green Chutney
http://shvetahora.files.wordpress.com/2009/04/medu-vadawm.jpg
@Prashant,
There's positive divergence even in the daily charts. That is one thing I am very scared of whenever I am short.
sir nifty stop and reverse level??
@dinesh sir nifty long term buying????
vote4LDF
If not stopped out it will be "Automatically Long term buying"
I am Chameleon
@DR,
That was a very precious statement.
DR ji - My "D" said yummy,, make it 2morow as yesterday only done "cutlet" as becoz of unexpected guests :)
Fire/jiggs - check mail. yeah fire take it upto 5600 also no worry but 5506 is the hurdle.
will check the chart
Feeling alone. No seniors are supporting my longs. :(
9-day RSI is on the verge of an Inverse H&S. Hourly Slow MACD & KST both are in positive territory. Daily Slow MACD & KST are turning up. Nifty is shrugging off its extreme short term overbought state by sideways movement. The Bear market characteristic is sharp fall from the overbought state, which is not seen currently.
(My underhanded attempt for some bullish votes is on).
@Fire, though i m not an expert but just only a follower, i m long with u and Ilango sir.
New Post Done.
Fire - me pity "alone" since a week u didn't find? from last week. But long term still weak i feel.
but yes, now my "positional" indicator showing +ve. but sentiment attack again. that is if early week beginning CAM H4 is not taken out means it's -ve. so i will trade both the sides.
same applicable in FIBO too 61.8% it has to taken out. (but don't bother about my homely sentiment trading :D ) let us see my intra itching is again @ 5409. but inbetween JNSAR - strong sir is sitting with "stick"
@ fire
May be fall at 5478 only
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