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...
48 comments:
Dear Prabha!
In a perfect teacher's class You will find all kind of students, someone is expert in moving sword & someone (FIRE) arrow's hits like bullseye. So no God here...ILango sir is GURU, we are students & we try our best to reduce the burden of our GURU.
GURU GOVIND DONO KHADE...KAAKE LAAGOO PAAYEN, BALIHARI GURU AAPNE JO GOVIND DIYO MILAAYE:)
i guess nifty may trade in 5385-5410 range for some
time now to eat premium in 5400ce and pe,
may enter 5400ce and pe both if trade near 20rs (total of 5400
ce and pe)for trgt of Rs.40-50
Those who not trading on expiry day
watch Prabhu Deva today
http://www.youtube.com/watch?v=EvgEIbj50gQ
GU = darkness of ignorance
RU = removes
GURU = removes darkness of ignorance
Below 5380...5340-5350 will be on radar & below 5340????????
@ Kumar,
Yes, these are my words for Guru- Master ilango sir,
Even by the very sipping of the charanamruta (the water with which the feet of guru are washed), we get blessed by the eternal wealth (of liberating knowledge), and which dries up the endless ocean of seeking & the subsequent sorrows. My Salutations to the lotus-feet of This Gurudev.
There is no higher truth than the Guru, no higher penance than (service to) the Guru, and there is nothing higher than Realisation of the Knowledge of the truth imparted by the Guru. My salutations to such a Gurudev, who is himself that very timeless truth (and who has taken up a form to bless his disciples like me with real knowledge).
The Guru is the beginning of the Universe, yet he himself is without a beginning, the Guru is the highest deity, and there is none higher than the Guru. My salutations at the lotus-feet of such a Gurudev.
O Sir! You are my mother, my father, my brother, and my friend. You are the knowledge, my real wealth.
Always wishing your soft hand upon my head for your blessings
Hi all, was out of station for few days.
Dear saiBhakt!
Ur welcome, big bear is back now....lets see how Nifty moves up???
Dear Gauresh!
Hats off to ur feelings for MASTER, u r real devotee...God bless You & ur family.
@Saibhakt: Hope you exited your puts @70 and made
almost double your capital.
GURU: When I heard Tiruppavai, Lord himself wanted to
be GURU and came as 'Sri Krishna', preaches to
Arjuna, the most valuable 'BhagavadGita'. God wanted
to be in GURU role means one can imagine how precious
that role is.
After a long long time this GURU CHARCHA is on the right day of GURUWAR:)
Have bought calls yesterday and closed today for small
profits, as expiry day, want to move out from here
and do not want to trade further, will enter into
trades tomorrow or on Monday, Have a good day to JN team.
Usually Saturday is the time where GURU do post some
interesting (out of market related) material, I visit
the site before I go out for my works.
Kumar Sir,
This temple gives us knowledge, advice and inspiration you need to become ANYONE and
accomplish ANYTHING you want in life.What more we can ask...
THANK YOU ONCE AGAIN
Kumarji, nice analysis of nifty on expiring day. http://www.stateofthemarket.net/blog/?p=22497&utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+StateOfTheMarket+%28State+of+the+Market%29 . This link is also available in this blog 'State of the market'.Will it repeat and make us happy. let us see.
RAJAPVT,
NO EXITED TODAY ONLY AT 47 IN THE MORNING. I was in my village and do not have internet facility.
so was not able to see.
Again bought 5400 put at 20 just now.
Expiry may be around 5305 level.
Dear Badri!
Interesting analysis, lets enjoy expiry now:)
Sir's resistance line going to touch at about 2:00 pm in lead indicator chart.
that's one reason i believe that 3rd leg is still pending to complete.
Sir (GURUJI), if possible pls tell us something about ur success story of mkt this weekend,i think we all r curious 2 know about ur successful journey in mkt.
The Indo-Tibetan Border Police (ITBP) force has slapped a bill of Rs 10.87 crore on Maharashtra Government for guarding Kasab at the Arthur Road jail and sought its reimbursement which has stunned the state.
R K Bhatia, Director General of ITBP, whose 200 commandos provide 24-hour security to Kasab, has raised the bill received for reimbursement of expenses incurred between March 28, 2009 and September 30,2010.
Badri: Having said that market is probability, there is
another saying, history may not repeat also,,, am just
watching today, market fry options, let it do,,,
Dear Prabha & Gauresh's words made me emotional so sharing a song with all of you on this occasion.
http://www.youtube.com/watch?v=rolxpHaY7yY&feature=related
@Rahul,
You can gauge Ilango's success story just by looking at
the JNSAR figures ! What more do you need beyond this ???
@Ilango,
I am so very confused about this Ending Diagonal (ED). I know
that it has this a-b-c-d-e pattern and currently it is
occuring in the 5th wave. So what happens after this
5th wave (i.e., 'e' of this Ending Diagonal) gets over ?
Is the Nifty expected to go up after the completion of
this ED ?
hi to all,
sell nifty only below 5376,sl 5406,tgt up to 5350
today there may be 100 point fall in no time, power of E leg
@saibhakt
e leg may be friday afternoon or monday
Thanks Dear piyush...
why thanx mynac?
nifty 5400 put and call option premium eaten
@Kumar sir, can you share the reason why you are
preferring 5500 PE instead of 5400 PE?
Because ..am also waiting for the same...
& at present the O.I. for next series is not
supportive for the same... another 20 to 25 lac
would be there.. so waiting for it and just observing
the price ...:)
I see selling in puts (next series), indicates immediate
upmove?
Normally at 3.30 PM on last day of expiry..O.I. for
next series NF comes between 2.10-2.25 CR.
@mynac: for entering into puts/calls?
@ Nifty,
If it is an ending diagonal, it should get resisted @ 5425-5445 zone and fall., need not make a new low & end around 5310-5340 by tomorrow/Monday and move upwards as a larger correction lasting many days.
If it moves past 5425-45, it is possible as a part of a complex correction targeting 5500+. Once 5425-45 gets cleared, it opens up a few corrective scenarios. Month's closing is just few days away and likely to give a sell.
In sum, staying above 5300, it is trading time till a weekly buy emerges or daily momentum returns with a close above DHEma.
for put.. normally used to buy it when nifty fails to
sustain above 3HEMA :)but at present expecting Nifty to
cross 5400...would avoid entry in between..
hi,
Ilango Sir is just like the bird who is flying always at
high sky and sees everything beneath under and GURU is
also the same (as depicted in Sir pic)
@ DR - 10.87 crore?? :P :( pity India. the man who told i will hang him "dead" but still govt. has not taken any decision.
by the way 2G scammers bill has not yet out?? :)long live India.
The meaning of the name Ilango is 'Chera prince'.
Silappadikaram (Tamil: சிலப்பதிகாரம், Cilappatikāram, IPA: [siləppəd̪iɡɑːrəm] ?,[1] is one of the five epics of ancient Tamil Literature. The poet prince Ilango Adigal, popularly believed to have been a Jaina monk, is credited with this work.
A Bhajan in respect of My Master
yeh garv bhara mastak mera pabhu charan dhul tak jhukane de...
http://www.youtube.com/watch?v=JNgJiFWy3xA&feature=related
Hi Ilango & all,
Is my count valid?
http://charttells.blogspot.com/2011/05/nifty-26-may-2011-hourly-chart.html
Regards
ChartTells
@Ilango Sir,
I have just come very recently to this blog because over the years I have felt the blogs and the blog masters are generally a waste of time and all trades are done with their ego and followed by intense fighting on money control.
Your family here however is full of positivity and I guess thats because you have imparted them with the necessary knowledge to trade successfully and let be humble and help others --
I know I would love to be here and learn from you and hopefully one day contribute like the rest
Thank you and wish you all the happiness
PS : And I love the way you count your waves :) you have got such a natural knack - its free flowing and almost accurate - I can watch my 5400 ce decaying to 0 as I write this and all thanks to your guidance
Dear rajapvt!
5500 suits me so trading in 5500, nothing special:)
@ Rishi Sir
The Indo-Tibetan Border Police (ITBP) force has slapped a bill of Rs 10.87 crore on Maharashtra Government ?
good info... RTI lagana chahiye sir....
shayad pak ne bhi itna kharcha nahi kiya hoga Osama ke liye :)
Dont be too bullish on Tata Steel - Massive H&S formation over last 8 months -- Keep it on your short radar - But I would short it only when NIFTY confirms its downmove as well.
http://i56.tinypic.com/30jpxn9.png
Dear vanquish!
Welcome to our family, Now we have another gem alongwith FIRE, PIYUSH SHARDA, PRABHAKAR & so many other names:)
@ Kumar Sir - Thank you for the warm welcome
And do not put me with these names - I can only draw H&S :)
If you all dont mind I will share you with the stocks I have been keeping a track of with meaningful pattern developments -
New Post Done.
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