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...
84 comments:
NIFTY Options Open Interest Data and Chart at 12-00 pm : Click Here
@Prabakar
The Last two expiries were dreadful for me so hoping more this time .... :)
Prabhakar!
I always follow Hanuman's Bhakt so now i will follow u...ur fast fall working, now convert it into a serious fall:)
Dear Powertrade!
Below 5348.....5150 easily possible, but only close below 5348:)
@Kumar Sir
Thanks a Lot
@ PT,
If it is the 3rd wave, such a possibility exists.
BN breaking 10400 adds weightage to such an occurance.
A 5-wave move looks more or less complete now. So a 3 wave upmove now as Master said? Final opportunity to take shorts perhaps as iii of the 3 is about to unfold. I can see Kumarji's eyes glistening. :D
Hello Every one
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I Take Long Position around 5400 with Stop Loss below 5350 because every one Talking on TV for Brek down & go Short for 5200 Target...
but Market not go what People Think...
because of Settlement Market again bounce back around 5600 for Rollover on Long Side after that we c major Break down or Break out in Jun....
Dear FIRE!
U r real ANTARYAAMI, very correct observation of my eyes:) Which is ur town FIRE ji?
Dear Kumar Sir,
We juniors always follow the foot path of Seniors (Ilango Sir, Kumar sir, DR sir, Sujatha, Yoda mam, RG sir)..
next two supports 5484 & 5360, where NS may stop today..
Thanks a lot Ilango sir :)
correction supports, 5384, 5360..
@Kumarji,
:D
Kolkata.
@Kumarji Booked my profits of 5500PE @112 ....
Dear Sujatha Technical Institute!
Pls come & show us new direction:)
Dear dkmyvideo!
For God sake, pls allow bearishness upto this expiry then if u will say 6000...we will cry 7000 so try to consider:)
Dear FIRE!
Ok, Kolkotta waasi...so rosogulla khaawo...Thanx.
Dear SAM!
Thatswhy i called u SIMPLE AMAZING MONEYMAKER, keep it up:)
FIRE tohar bari kothay? :D
See what murakh Anirudh sethi says.... http://www.anirudhsethireport.com/trading-strategy-for-23rd-may%E2%80%9911/
@DR,
LOL
Half an hour drive from Howrah station.
@Kumarji,
Waiting for the ii patiently to add my full quota of shorts. So please give me a 40-50 points bounce and I would send you rosogolla gladly!
SAM: Great experience to me when I followed him,,,
also IIFL as well, so make the things simple and
JNSAR is the best, and one thing to say, interpretation
matters always,,,
Dear FIRE!
U may get that bounce from 5380-5350, but i know ur killing instinct this time. Ur eyes are also serching 5150 in this expiry too:)
Anirudh Sethi has given long call.
Long-Term cluster supports in 5400-25 zone seem to have been
broken today, we may not find much supprts below these although 5360, 5322
are the levels to watch.
for hourly chart Click Here
There are too many shorts in the market, every tom,dick and harry their grandmothers are looking to buy puts. Makes me want to write puts.
@FIRE -- KUMAR SIR
Please 5150 on thurday :) Double MALT Then :)
Dow fut -70 down
Very good observation lazydude, which put we can short here?
@ Lazydude,
Being contrarian pays. But there are instances one needs to do the "Govinda..Govinda " act with the rest.
Lol. love your sense of humor.
now above 5405 ns sustain then bull wake up for time being
5300 call oi up by 212.56%
@Lazydude... yes if you say put buyers are tom dick and harry... yes then I am also one of that... I don't mind till I am making money.
@Kumarji,
Master' critic gave me the smell of blood from last week. Now master has removed the count for any further 2. When 3 has started, I don't want to be left behind with my minimum quantity.
@Lazydude,
In the 3rd, generally everybody gets it right. Though that doesn't mean everybody mints money or doesn't lose. :)
@PT,
Amen! I have put the same request to Kumarji.
Kumar, 5400 put is too heavily loaded.
If it is indeed the 3rd wave, it should not retrace beyond 5440-5455 zone.
if all these call writing is for Intraday, then there is a possibility of seeing the gap filled.
next breather 5378?!!
Now sentiment is Bearish Every one Talking on TV for Breakdown...
This is Chance to go Long instead of Short for Intra day or 2-3 Days...
Dear lazydude!
I dont know who is loaded, overloaded or unloaded. Give me target & stop loss here & i will write that put immediately:)
Dear FIRE!
Thats why u r best student of sir:)
@ Lazydude so I bought 5500 Put10 lots @ 85 50% booked @112 and now remaining all booked @125 ... so I am tom dick and harry... but making money.
@ dk,,
5405 first nifty has to cross ,, for ur view
@KUmar sir I second you... for shorting puts.. but don't know what to short:(
@dk I suggest you don't watch TV...
Sam. Never boast.
@FIRE
:)
NIFTY Options Open Interest Data and Chart at 01-00 pm : Click Here
@Kumar Sir made 16750 with a 5500 put only .... within 1 hour... this amount is more than my salary.
@ Kumar sir ,,
5500 call @ 7 of june month,,, what is ur view if mkt take support @ ur level,, can we buy?
IFB resistance at 5385, 5388, 5390
@Lazydude I am not boasting ... this is fact.. if it hurts you ... then sorry. Just saying that going with trend is profitable always.
SAM, Congrats. This is the place where you need to maintain discipline and control the emotions.
Thanks to Ilango and Blogmates.
I HAVE STOPPED MAKING LOSSES AFTER COMING TO THIS BLOG
Regards,
Nataraj
Dear SAM!
Dont try to waste ur energy in all these things, v have to concentrate on trading. Covered my 50% June 5500 puts @205..it gave me 50-60% in one day & covered my 50% shorts in Nifty & bank Nifty too:)
everyone short or on puts...
im waiting and watching...
hoping ilango would give us a buy call ;)
@Prabhakar Sir I don't understand ... and thanks.
@Kuamr Sir ... will follow as you say.
@ Kumar - lolz :) anyway wat i posted last week is valid.
As of "NOW" NF holding 5351 level will give slight recovery. but 5348 is pending. @ spot.
i am away frm NET as my daughter got hurt from bike's silencer. applying Calendula
more pain it seems troubling a lot. Time permits will visit again.
Oh Sujatha! It is the worst burn no one should get. I had it once. Please take care of your daughter.
@Saibhakta where are you? your 5400pe is superhit @59 .. as per my knowledge you have bought @32...
fundamentally super buys @ 5300-5400 nifty....
on my analysis....
but can i overrule technicals and moreover,
ilango sir? ;)
Dear SAM!
Who is understanding put buyers Tom,Dick & Harry...what he is himself. I said 10-15 times in this whole month & specially to Mr.hitz that naked sowrd is hanging upon neck of Bulls only in this expiry and now see the urself. Bulls are singing HANUMAAN CHAALISA, if rush in temple then crying here:)
Dear Sujatha!
OMG, Pls give her CANTHARIS-30 1 drop in half cup of water after every 2 hours, she will be alright soon, Tk cr of u & her too.
@Kumar Sir
Looks like Bulls will cry more this expiry Still 3 days to go
looks like my tom,dick and harry has got to lots of nerves.
@Kumar Sir :)
"If it is indeed the 3rd wave,
it should not retrace beyond 5440-5455 zone."
Probably the thin chances are there because today
good 25 lac addition is there in NF June series...
So The Bulls may take chance.. let us see...
5300 call oi up by 384.36%
@Prabhakr does it mean NS may go below 5300
Hi Kumar Sir,
Is it possible to also post your positions (entry & exit positions of the calls/puts you take) in your blog? It is quite tough to catch your positions here owing to too many postings... the messages get put back in the store room with with every new posting of master.
Today's latter half trading &
Nifty movement shall be interesting..
@Sam, Call writing seen in 5300 call, as i mentioned before, all these call writing is for Intraday, then there is a possibility of seeing the gap filled.
OK thanks Prabhakar Sir.
@Prabhakar Sir Sorry for Novice question... What is mean by gap filled?
@Sam, Today Nifty spot opened below the previous close. To Visualise the GAP, please see San's Chart
Dear Prabhat ji!
Its impossible for me to write my position on blog, my hectic PMS activities dont allow any minute. Thats why i stopped updating my blog since Jan,2010 but credit goes to DR who motivated me to write something again. I openly give my views here when a trade appeals me. Some like those trades, some criticize but thats part of this game. My aim is to make money for me & others, not to fight with others:)
Yes Prabhakar Sir I got it.
Its so funny,... when we are losing money... we wait for the day when we start making money... n when we are making money... we want to make it all in one day!! greedy me ;)
Hi Kumarji,
How are you doing?
Completely exited from 5500 puts around 180 levels.
M a weak heart u kno, need to gather a lot of experience, learning a lot form you guys.
Thanks a ton. Should i reconsider looking at some put or shall we wait for a small bounce, Expiry week so volatility would be heavy
Suggest something sirji
TC
hi Kumarji,
I would want to talk a bit more. How can I get your email id? I will send mail.
5350 is a rock solid support, shall we expect a bounce before finally taking it out on the downside. Plz help
New Post Done.
Huge 22 lac. intra addition in 5400 CE is the first big
challenge for Bulls..
Huge big volume one minute trades since morning in NF are only at
5395 QTY 5.93 lac.@ 11.56 AM & @ 5428 QTY 5.93 lac,@ the opening i.e. exact 9.15 A.M.
let us see.. It is observed that normally when & if
Nifty try to climb up in the latter trading Hrs. then
it used to get tested first at that day's big volume
trade price.Let us see.
@Shreyunik
Me the Most Greedy :)
too many shorts...
wont be surprised if close flat to positive today....
ilango,
waiting for your buy call...
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