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....
-
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...
98 comments:
BN spot holding 10980(+/-20) is important for reversal or bounce from here.
It is the LT Channel support.
12.10
call
5400 236550 236000 -550 -0.23% 0.55%
5500 332150 396950 64800 19.51% 9.83%
5600 754850 1160400 405550 53.73% 22.38%
5700 1974950 3419250 1444300 73.13% 53.17%
5800 3909850 5122650 1212800 31.02% 33.45%
5900 4610200 5456200 846000 18.35% 4.45%
6000 5466250 6503050 1036800 18.97% 13.91%
put
5400 3271150 3407550 136400 4.17% 2.53%
5500 3797200 4141000 343800 9.05% 8.40%
5600 4782750 5978250 1195500 25.00% 23.15%
5700 4435100 4586900 151800 3.42% 4.83%
5800 3297400 3056050 -241350 -7.32% -5.08%
5900 936850 888750 -48100 -5.13% -5.47%
6000 502550 474000 -28550 -5.68% -3.16%
Dear cooldent!
Thats why i believe in part trading & part profit booking, that never miss a good trade. Who believe in hard figures only, 5700 puts reached 150 too.
Since 27/04/11, the hourly and Daily price was trading below 10 EMA.
I believe only a close above 10 EMA may show some light to Bulls.
hello elango sir
5665-70 spot will face another round of selling.
hello elango sir, i am new to market,
i need to know the trading method,pls help me
kumar good call.
Ilango sir's sup level 5630 has come. Is it buy here for intraday with appropriate stops
@Kumar: Your predictions came acurate ...Kudos to you.
Thank You Prabhat sir, Hats off to You:)
Kumar,
you are just brilliant, always give low risk trade.
@Kumar Sir , I am really impressed by your calls... pls keep giving your calls when you feel to give.
Regards
SAm
Dear SaiBhakt!
Thanx for ur kind words, but i do personally very risky trades but for others i prefer safety.
Dear sreyO!
Ur observation was correct, below 5694 u gave target of 5645...which is done, whats next?
Dear All!
Now Buy 5700 call @85 & go short in Nifty in rally near 5670 against this call. If Nifty does not sustain 5600 on closing then get out of this call.
@ Dr. Kumar
Thanks Dr. Kumar. I too traded and got benefited. No position at present. Decided not to go long.
Once again thanks and regards,
LV
kumar sir,
in my view, a small rally towards 5680
then retest of lows around 5620,
then a big rally max upto 5750 by thursday/ friday (morning) is expected.
then very big fall......from friday onwards.
illango sir r u deleting my posts
@Kumar:
what is KALI PHOS-6X?
Just curious !!
Regards,
Raj
Government demotes LIC chairman Vijayan and he may resign today.
Kumar Sir changed Pic
Wounded bear cured looking Healthy
@astrotech it is obvious ... you are trying to sell something here ... this is not the place to do so.
Govt. sets up committe to probe LIC investments.
Kumar sir, Thanks. 5670 spot or nf?
Thanks Kumar sir.
Just a clarification. Short 5670 in Nifty future or spot ?
Kumar, Weekly CAM levels have triggered a sell at 5639 spot level for a target of 5547minimum this week with a stoploss of 5694 spot.
Also, if you look at daily nifty chart, it has left a gap between 5529 to 5560 on 25-3-2011 which will be filled this week, i believe.
@Kumar Sir Can I buy only 5700CE now OI is up @72%
Dear DR!
U r right, ball came in my court very late so feeling well now. It looks good when somebody tell, they are benefitted by my calls. Believe me i always switch off my mobile in trading time & nobody is allowed to talk me in trading time but sharing calls here gives me immense pleasure. You are master of Bank Nifty, what to do now in BN?
Ps: Spot Nifty, if some where fut is needed then i will mention Nifty future.
illango sir
i just want to share (sell) my knowledge to those who r loosing money on this technical if then above below statements made my technical analysts
astrotech far better than this if then above below calls after learning astrotech people can trade on their own with confidence no need to follow anyone learn astro n trade on ur .
Regards
astrotechnifty@gmail.com
India Vix 21.76 now.
Dear SAM!
It does not matter, if market is oversold then natural bounce will come. Just focus on stop loss, which is at 5600 spot nifty on closing basis only.
cam levels is 5613
nifty short is triggered at 5944 spot on 6 april astrologically
astrotech,
u shud go for paid advertising thru google and
newspaper. that is better option. sir has banned
soliciting posts so better mend before axe falls...
@Kumar Sir thank Q very much for clarification.
Dear All!
I m still bearish & holding my 20% shorts, 5700 call buying is just an anticipation of pullback & that will help to go short in Nifty. Bears are hungry like me so starting my Lunch now:)
@Astrotech there are many ways to sell your knowledge... don't do it here or else pay fees to the owner of the blog.
Kumar Sir,
Its not a call but I ready to buy 25% now
SL will be 100 points
Disclaimer : New trades dont touch BN its injurious to Bank Account
@Sir,
Any other level in BN watch out for? other than 10980
call
5400 236550 240600 4050 1.71% -0.23%
5500 332150 411650 79500 23.93% 19.51%
5600 754850 1498000 743150 98.45% 53.73%
5700 1974950 3577800 1602850 81.16% 73.13%
5800 3909850 4923850 1014000 25.93% 31.02%
5900 4610200 5406050 795850 17.26% 18.35%
6000 5466250 6467450 1001200 18.32% 18.97%
put
5400 3271150 3400700 129550 3.96% 4.17%
5500 3797200 4104300 307100 8.09% 9.05%
5600 4782750 5992950 1210200 25.30% 25.00%
5700 4435100 4532050 96950 2.19% 3.42%
5800 3297400 2967650 -329750 -10.00% -7.32%
5900 936850 877000 -59850 -6.39% -5.13%
6000 502550 462950 -39600 -7.88% -5.68%
Great Disclaimer DR Sir.. :)
low made 5613.90 as of now cam level ,, now wll it go up?
Dear DR!
I also bought @ 10960 but my SL is 60 points only, it gave me 300 points as of now so no ill feeling to give 60 points in long now.
dear friends
in my search for the merits/demerits of cera-germ, i went through an experience of a net friend from tamil nadu that
it makes a person addicted to it through its far infra red rays and then u are ought to buy the machine, even if its use is free.
kindly mention ur experiences at my mail address stockngains@gmail.com
or at the JN's health blog's comments section
health4jnpeople.blogspot.com
OR
here also
regards
OM SAI RAM
I placed order for 925 :(
not becoming daler mehndi at this time :)
trying to catch falling knife :(
its against rulesssssssssss
Dear Friends,
We understand Nifty good for long
above 5655.
Best regards,
SKFC
_____________________________________
S K F C said...
Dear Friends,
We understand Nifty still in correction mode.
Longs good only above 5730.
Figures based on 1 minute chart.
BRgds,
SKFC
May 2, 2011 1:27 PM
Kumar said...
Today or tomorrow Bears may score surprise single or double century too.
May 3, 2011 10:33 AM
BEARS are in hurry & made Century today itself....
@ Babu,
BN's Mth Low ema is around 10800-10900 zone. This is the last of the TT support.
dini bhai ,, how r u?
5565 coming support
:)
Rich Lolzzzzzzzzz
Dinessssssss....mehandi ni mehandi....on your hands??
Ashuuuuuuuuuuuuuuuuu
My BM Guru , Pranaam Gurudev
5578-80 may try to hold for a temporary bounce at least. Otherwise, the juggernaut continues the breakout gap.
Sorry, continue towards.
Bank Nifty hitted my 60 points STOP LOSS(:
@ astrotech
It seems you are copying what so ever nifty stars is writing.
12000 pe and 11500ce jodi 1000 bought at 820 rocked
Now 5630-40 will be hurdle....aggressive may sell Nifty there too.
Kumar Sir
My experience no SL works in BN
brijsolution said...
dini bhai ,, how r u?
ek dum mast sufiyana as usual :(
nice to see you here :D
it can still be assumed as a corrective leg to the rise from 5348 to 5944 if 5575 (61.8% level holds)
the assumption of move from 5177 as impulse stands
negated with breach
of 5599. a major jolt to possible bullish counts
buy kunchum kunchum
sir
ga..
DR ssa
i caught falling knife..hand cut..
now will take care :)
aaj koi support bhi nazar nahi aa rahi..will 5600 hold
dini bhai : D
May be today's low is over. But the low is yet to come to cover the gap from 5530 to 5565.
5600 is fibbo level
Dear Ilango Sir,
Could you pl. confirm that NS Hourly Lead indicator and MACD not turned up as of now.
Bears are very aggressive this time & taking full revenge. By sustaing below 5630-40 they are removing possibility of any big retracement like 5800 etc.
NS Hourly RSI(14) now at 19 below 20 after 28/01/11 & 24/02/11.
Kumar sir will we ever get 5640-70 :( ?
next move on 1.54
@kumar sir,,
But mkt is extreme oversold
@Kumar sir,
Century mar diya..5591 is important..may try to put a bounceback.
brij Bhi even Pranab da cant question mkt
OS/OB is nothing its trending let it trend :D
if levels come than only change dress
Scheduled power shutdown at my place by 2.00pm. So giving 10 minutes early oi.
call
5400 236550 247500 10950 4.63% 1.71%
5500 332150 488550 156400 47.09% 23.93%
5600 754850 2075750 1320900 174.99% 98.45%
5700 1974950 4375450 2400500 121.55% 81.16%
5800 3909850 5558250 1648400 42.16% 25.93%
5900 4610200 5327950 717750 15.57% 17.26%
6000 5466250 6482900 1016650 18.60% 18.32%
put
5400 3271150 3641750 370600 11.33% 3.96%
5500 3797200 4151050 353850 9.32% 8.09%
5600 4782750 6136500 1353750 28.30% 25.30%
5700 4435100 4441650 6550 0.15% 2.19%
5800 3297400 2838700 -458700 -13.91% -10.00%
5900 936850 858250 -78600 -8.39% -6.39%
6000 502550 459250 -43300 -8.62% -7.88%
Dear Cooldent!
I dont believe in Trend prediction, i trust in Trend Following. Yesterday U asked about the question on 5700 Puts, today market gave u practical reply...though its a trailor only. If Nifty closes below 5600 then get out of ur calls & if Nifty goes 5640-5670 then go short. Respect the market and market will respect ur pocket.
ok dini bhai
@Kumar: Looks like your last call made loss which was to buy 5700 cE @83. I usually also observe the premium/discount in nifty futures.. The more bearish, the premium staarts to decrease indicati further pain ..
astrotech..
which way?
Dear Prabhat!
U r alwaz right sir:)
Kumar sir, pls dont mind. Regarding the put Vs call it was just a doubt.
I mean i was not questioning your judgement. It was a doubt in my mind which i wanted to clear
Added TSL at cost price :(
1.54 next move said n its working
New Post Done.
on 30 min chart last 2 candle what says?
@Kumar: Please do not address me as "sir" i feel more smaller. I did not mean my last comment to point out faults. I only wanted to convey that future premium/discount can also indicate the momentum of correction. If you see, nifty started out in the morning with ~20 pts premium & now inspite of falling below 5600, its premium was not increasing ..
Looks like the tranquilised bull is awakening a bit... Maybe if nifty stays above 5610 (spot) for some time .. one can go long for a short 20-30 pts
TSL hit trade over no profit no loss :(
rally from 21 march to 6 april was due to sun jupitor conjunction gann 0.5 line resistance was 5954 spot on 6 april this may yearly resistance .
28 oct 2011 guess wat will be nifty ..
nifty almost -150 from days high this is because of mars rahu/ketu aspects many such combination which repeat often
ye planetary movement 3 or 4 th week of month mai hota to nifty option put 5 times hota
11845 sl
i clearly told u guys days high will be at 11.17 n 2maro -ve opening . clue given in morning
read 10845 sl :)
bears enjoying the steak :)
Post a Comment