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...
78 comments:
Nifty not able to close above yesterday;s low
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ilango,
stoploss for shorts jnsar 5509 ?
Hello! My tukka method : 5487 spot is valid for the week till next tues day. _4 buy-3 sell for positional. Intra Tukka sell is on, so this level is imp. TUKKA! :)
@ Ananyavrat,
JNSAR reverse is @ 5548 for the day.
Hour JNSAR reversal is @ 5511 for the current Hour.
@Mishraji what is mean by _4buy-3sell ... I really don'tunderstand your comment... Please elaborate the same.
Hi..San,
That is an excellent presentation.
Best regards.
ilango
hi,i have seen ur table,it is showin sell at 5480sl of 5510 if yes then what would be the tgt?
@ sam, this tukka method is your level is your
stoploss. So +4 points buy and -3 points sell as
practically, nifty fut moves +/-10 pts easily. Imp
is to see if the level sustain in your favor. This is
still in experiment stage. So just for obsn.
Will share after I found it to be ok. Otherwise
it will add another confusion.
@Fores where it is shown to sell at 5480sl of 5510?
@Forex.those are support, resistance and pivot levels
@ sam,i think it is showin in table,as rule is sell blw low ema na?
@kumar: with the option prices pushing down with OI increase, is it viable that the nifty could stay above 5500 this expiry??
@ cool,, in baroda where u stay?
Someone is fishing
@brij. Sama. you from baroda too?
Thanks Ilango Sir.
Dear Vishal Nadar!
Trend is ur best friend & as of now Long, medium & short..all trends are down. Nobody knows, it may reach 4800 in 1 week too & may take 1 month too. As of now 5650 will threat me first to stop my shorts.
Please have your "Fishing" elsewhere.
This is second guy after astrotips... trying to sell something ...
A SMALL TRUTH TO MAKE LIFE 100%
IF
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
is equal to
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Hard work
H+A+R+D+W+O+R+K 8+1+18+4+23+15+18+11 = 98%
Knowledge
K+N+O+W+L+E+D+G+E 11+14+15+23+12+5+4+7+5 = 96%
Love
L+O+V+E
12+15+22+5 = 54%
Luck
L+U+C+K
12+21+3+11 = 47%
(don't most of us think this is the most important???)
Then what makes 100%?
Is it Money? ... NO!!!!! M+O+N+E+Y = 13+15+14+5+25 = 72%
Leadership? ... NO!!!! L+E+A+D+E+R+S+H+I+P = 12+5+1+4+5+18+19+9+16 = 89%
Every problem has a solution, only if we perhaps change our attitude.
To go to the top, to that 100%,
what we really need to go further...a bit more...
ATTITUDE
A+T+T+I+T+U+D+E 1+20+20+9+20+21+4+5 = 100%
It is OUR ATTITUDE towards Life and Work that makes OUR Life 100%
Attitude is Everything
Change Your Attitude...
And You Change Your Life!
@Forex as you claim you have a system of 85%accuracy then why you are here? Trying to get clients?
Thanks kumar sir!
@Forex. These numbers are not 85 percent accurate. so why dont u stick to your method :)
Right Cool
United States reaches its $14.3 trillion limit on
federal borrowing. Fresh recession likely in US. <- I
got this message. :) http://www.npr.org/templates/story/story.php?storyId=135680625
Is this true or some mistake? Cnbc says sbi net profit 20 crores vs estimate of 2960 crores????
Please do not do "DARING ACTS" here.
Dear Forex!
U r just talking about 85% & all our soldiers are getting 100%. If ur success ratio is 85% then why trying here, its time of trading so go to ur terminal bcoz market is highly volatile.
Kumar sir, time to book profit in BN?
Dear llango,i have been studying ur levels ,i will post calls from tom in nifty,
as i alsolike ur levels but i m trying to study ur tables also
@Cooldent have you booked profits in BNF as your target was 10750 ... low made 10755.
SBI one more Nail in coffin
@Cooldent SBIN result was due to provisioning.
@ kumar sir ,, nifty can support 5445 ???
Dear Cooldent!
Ur expected levels coming in BN, i covered 50% so watch closely & cover there. But below 10700...there will not be any taker.
Sir,
I have purchased 2 lot of nifty one lot booked at 5470.
still holding i lot but not sure about the target and
SL, pl guide.
PK
@SAM. As per sir 10760 is the last support for BN. so i am greedy
Stop fooling me in the name of "Studying"...
You have already made it known your intentions. Please do not spoil the atmosphere.
Dear brij!
Only Rajnikant can reply these kind of questions. I just trade, cant stop fall or rise. If those level comes, i will act accordingly & this i m doing since 5790:)
@Kumar Sir Can I buy SBIN put
dear llango i m serious,beleive me sir
Hi SAN,
Possible bearish flag in Nifty Daily Chart is confirmed or wait till closing?
Travelling fast to s3
Mishraji – hope that may be. Apart from this news, some other issues are there. (I didn’t mention here) According to that Downside possible if it’s C wave (pls. note this EW IS my Own :P ) or rangebound sideways movement for 1 or 2 months . It’s too early to predict whether it may move up to a new high again. In mid of June/late june (for them late summer) a single broader downside possible?? For them 18th is turnaround date +/- 2-3 days. If so then that would be expected to be the top.
PS : Howcome i am entering @ right time and catching u?
Dear SAM!
I trade only in BN, 2ndly i avoid trading on result's day so cant say. SBI will show real weakness below 2475.
ok kumar sir,,,
nifty is pause @ 5445 level
below 5443, 5403-13 pe cover shorts
shorts covered,
now waiting for ilangos buy levels.... ;)
5380 ki neeche 250 pt ka cut
@ Sujatha :) nice for your add ons..
@Sujatha,
You and seniors are there always.. Entering when needed. Thanks.
@Prabhakar and others, plz give OI update for 5400 pes and 5500 Ces.
Its my humble request to all those, who were warning us yesterday that Nifty have not closed below low EMA so they think it will rally upto 5650. Whats their view now, kindly elaborate?
Call
5400 0998900 +47.58%
5500 1245400 +18.01%
5600 1433700 +19.62%
5700 284550 +4.41%
PUT
5200 266900 5.99%
5300 451750 7.20%
5400 141400 1.79%
5500 -136250 -2.15%
5600 -410250 -10.97%
5700 -20450 -0.92%
My RM from IIFL gave me a long call in nifty yesterday, and was so confident about it. Have lost a lot because of him. Thanks to ilango sir, am no more on the losing streak
5400 PE and 5500 CE both trading at 41, is it going to
be good pair, any options experts, comment please.
@Vishal I have also got long call from IIFL RM but I ignored it.. thank god I am on a right side.
Vishal: Don't follow IIFL calls blindly until
your chart also showing the same.
It seems NS as of now stopped at the low of 17/3/11.
range broken on the downside?
or will go back up again?
we can see some recovery only above 5460
@sam: IIFL is a bigtime money sucker.
@raja: i wont follow IIFL even with my eyes open..lol
Dear Prabhakar,
Could you please let me know where you get the OI data from ?
Thanks in advance
@Dinesh K
Breakdown Looks good for bears. It is always good to confirm with a closing price.
Bears should also take a note of the Supporting trend lines in weekly chart approximately between 5350 - 5400 level.
Nifty Chart updated: CLICK HERE
Don't even remember when i saw SBI down 6% + last time....
Dear Cooldent!
I covered my 80-85% BN, 10600 is a support in future so cover urs too.
Kumar it would be fun if we get back into the range....
out of all positions...whats ur take?
Thanks kumar sir. Tofa kabool karo
http://www.lvmh.com/groupe/pg_societe.asp?int_id=96&rub=3&srub=1
@Vanquish,
From NSE Website.
Kumar sir, earlier u had told below 5440 you will sell again. Sell now or wait for bounce?
Under Derivative, Option Chain: F&O
5420 crucial for bulls, below this CARNAGE!!!!!
Hi Ilango...
Every on says below of 5470 go short because of brek down and now sentiment Bearish and People go short & Buy the Put option for more Gain on down side...
but
I take contra Call against the Sentiment, I buy 5300 Call option with Stop Loss below 5350 for a target of 5600-5750...
Above 5750 I discuss Nifty made Triple Top around 6300-6400 after that Nifty confirm the Major Brek down for 5200 and Target is 4500-3900...
but till that time I trade between 5400-5600 range and earn the Profits
....
I say to all of us dont be emotional with my Predictions you trade with Stop Los and Protect ur Capitla
New Post DOne.
Ilango,
You have often stated in the past that the 5th wave is very fast
and highly destructive.
As we are trading well below, 5480 this should now
confirm the 5th wave (or the 3rd wave). Why has this fall
from Friday (2:30 PM) not been so furious ?
Also, could you suggest the best level where I could
part-book some of the shorts in anticipation of the
end of the 5th wave.
@ Ilango,
I m learning ew waves from 10 feb onwards. My view, if wave 2 = wave 1
then wave 5 is leass than near equal to wave 3.
In this case, wave 3 is also extension but wave 5 is not equal to wave 1.
It's just a view.... Tell me, if u agree this
I have seen a no. of other things @ eliott waves which i can share with u.
At last, ur wave count is far more better than most of ellioticians.
Thanks
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