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...
111 comments:
Door Closed. Reposting.
Hi DKG, The id wolfwaveindia (at) gmail (dot) com not working.
Pls advice.
"Aditi" tum kab jaoge..??
Now its a survial war between bulls & bears for a close of 5410-5460. Bulls need a hourly close above 5460 to go ahead & Bears need below 5410. Odds are in favour of bears so sell in rally looks safe. RIL should help bears, it helping them since last monday:)
Master,
You are mind-reader... LOL
5461.7 now level to watch carefully
Dear ILango sir!
one day guest is MEHMAAN, 2 DAYS guest is SAHMAAN & more than 2 days.....who stay is BE-IMAAN.
Master,
Is there any positive divergence in MACD, fast or slow?
Wolfe, so far so good. If my reading is correct then
target atleast 5500
I am adding shorts between 5440-5460:)
kumar sir- tookur advice and already bought back put which i exited early :)
136 point ki Candle or its a tube-light in BN
Debdeep: 5461.7 then to 5490 (can it be max), I closed
my longs, now watching,,,
Covered 5500 CE @50 which was bought at 41
Still holding on to NF bought @5421.
I had taken long postions before the RBI hike. Good that
it paid out. But I had put strict SL for the same.
Courtesy: Kumar Sir. Thanks.
5422.9 is the level to watch on downside,,,
Noted down rajapvt. Thx.
drsir sent test mail
sorry 4 delay
Ilango,
whats the max this e of b can go.
also what would be the likely tgt of C then.
Kumar Sir,
Amazing. Thanks.
Kumar Sir, Simply rocking.
@ Fire,
There are no +ve div in any Hour charts. But they are in "Oversold" zone which is of not much help.
Sell into intra bounces and continue to part book. Holding firmly with shorts will be highly profitable only below 5365.(Weekly trendline)
kumar sir- accept this.. got 20 rs in rebought put :)
http://www.playforjapan.com/wp-content/uploads/2011/03/1jjjd.jpg
Gone short @ 5447 NF covered 50% @5412 and rest holding tight with TSL 5435 ....
Thanks to Kumar Sir.
Dear Prabhat!
Why me, i am bearish & selling in every rally. Already said that i will sell between 5440-5460 so sold there, better to exit from ur call soon. Bank Nifty gave me 100-125 points when typing, thanx all again:)
A new low possibility and even a break of 5365 by tomorrow looks a high possibility.
बैंक निफ्टी मे हवा बहुत तेज है
टोपी संà¤ालना
Me view: 5380 is solid support. My strategy is
- got long at 5380 - 5410 levels for tgts of 5460-5480 levels
- at highs, again short nifty for tgts of 5380-5410 levels.
Nifty may keep hovering around 5400-5550 levels.
Request Kumar sir & Master to give their expert opinions
Dear Ramcharan!
Thanx a lot, mouth watering stuff:) If Nifty closes below 5410 at 1 pm, then sit tight on puts or on short Nifty. Fiis will not like anyhow this policy, yesterday they sold heavily in F&O.
not breaking 5410 can do magic,,, but part bookings
as advice by GURU can help a lot
Master,
Thanks a lot.
Thank Kumar sir,for morning nifty levels.
i earned much in intraday.
Dear Prabhat!
U r less in trading but more in analyisis. This is day of trading, just do & mint money. Trade with stop loss & it will give fantastic money at the end of day:)
Congrats Nilesh...keep it up:)
@Kumar Sir
Fully Loaded with now 10300 puts ... I want 9800 as early as possible :)
@Kumar Sir Tussi Great Ho .... Tohfa Kabool Karo....
http://i262.photobucket.com/albums/ii86/786pankaj/WbzSbTsu.gif?t=1265200474
GA Sir and all friends!
Kumar Sir ur calls are very good. but we r not
coming here for call but we want to know reason behind
that call. u r trying to make people handicap.
though calls r good most of us r not intrested in it.
Regards
Kumar Sir,
Bought some puts at 5440 level... SL for same is at cost price now.
Buy more puts once day's low broken and SL get revised to avg price again.
if nifty bounce back after breaking day's low again.. trade get closed.
if not, safe ride begins for lower targets...
is it wise to do like this?
@ Prabhat,
5405 is holding presently but the backdrop as reflected in the TT is quite bearish. The correct way(Risk - reward) is to part book @ 5405 & 5365 but keep selling into intra bounces.
Till 5365 is not breached decisively, the uncertainity of a possible rally lingers. But to act.. to initiate a trade, stay with bears side till some firm indication is reflected in the TT. This cautionary approach is mainly because of Day/week/ Month TA being down.
And to add confidence to holding shorts is FII's Selling:-
http://www.moneycontrol.com/stocks/marketstats/fii_dii_activity/index.php
@Prachi
Its all Technicals only ... Kumar Sir is guiding us on the right track ..... :)
Prachi,
5445 (DLEMA)
5465 (5DEMA)
above is the range kumar sir told to go short
with SL 5480 (near to DHEMA)
Dear Sam! Thanx, kubooled:)
Bank Nifty long doji on hourly chart with highest volume of last 6 weeks, it may be dangerous for bulls-bears both...lets see how it unfolds:)
When "Lead indicator"(As shown in the chart above) starts to make "dots" below 20 mark, it is time to ignore "OS". Imagine when "Day Lead indicator" which is @ 28, yet to enter below 20 starts to make dots..!!
Watch 21 Hr sma , presently @ 5472, for ST reversal.
Prachi
Though your points are reasonable but still I would personally request you that you please refrain yourself from such comments over a senior, whether here or anywhere else.
I am saying so because Kumar Sir used to guide us & continuously guiding us with regard to the login in his Calls and it is the duty of US, the followers, that we should understand it ourselves and if there is any confusion, then we are always free to ask Kumar Sir as well as other seniors.
Pranaams
shekhar
please read login as *LOGIC above
DEAR SIR ILANGO,
WHICH WAVE COMES IN NIFTY NOW
PLZ EXPLAIN I AM VERY CONFUSE PLZ GUIDE ME
ALPESH
Shekhar- 100% agreed. cheers.
aggressive traders can buy above 5410 with sl of 5404..tgt 5430, 5452
5400,10500,6500 draw your own conclusions who is this
Aditi Ilango sir.
Kumar you may be wrong in adding shorts here
I am also agreed with Shekhar.
Dear Prachi!
Good afternoon! So called paid analysts looting innocent people & giving loss to them. Most of them come here in female's profile bcoz their shop is closing. I never give any call, i give my view & specially after trading for my clients..its a disclosure. Its my family so i want to give benefit to all of my family members but after completing my trades. Secondly i am not a teacher but definately can help someone in making money. Thanx to all for moral support:)
Food inflation falls marginally to 8.69 per cent for the week ended June 4 from 9.01 per cent in the previous week - ibn channel...
@Sreyo I always watch ur views closly... thnx for ur views.
thanx SAM...
@Kumar Sir: I did trade today & made profit, but on the
long side :). Now I was still holding on to my long
call on NF, but after Master's advise, am thinking of
following your strategy of hedging. I am thinking of
picking up 5300 PE which is still available @36. But
this I want to pick once nifty breaks 5380.
I might sound more careful, but this sometimes to accept
the truth is because I am scared.
Kumar sir, analysts in female names? so trapping the
people in both ways?
are chodo inn sab nikkamo ko, ignore kardo kumar sir.
We follow u along with Ilango sir guidance and with shanti aur dheeraj
kumar sir lage raho.
BTW sreyo is it spot or future levels?
@Prabhat: breaking 5380 on EOD basis is good rather
on intra basis, right?
@SAM
spot levels.
@ Sir / Kumar Sir,
In "day trading" is it advisable to follow 80/20 rule. Book
80% quantity at your first level, balance 20% with SL @
cost.
Please advise.
Mr SAM and Mr Ram Charan
Thanks for your support.
Pranaams
shekhar
Dear Vijikrishnan!
Why i may be wrong, its bcoz u r long? I have stop loss of 5460 now for intrday & 5520 for positional so whats wrong sir? If Nifty spot closes below 5410, then see momentum of selling. I earlier said its survival war between 5410-5460:)
Dear BNS!
I do in 3 part, 1st 50%, 2nd 25% & 3rd 25% with trailing SL. It gives me enormous opprtunity to trade:)
so far holding 5410,,, and bringing market back
any +ve divergence please check for intraday basis,
@ Kumar Sir,
Thank You Very Much :)
Working hard on "temperment" oscillator :)
Regards,
BNS
DEAR SIR ILANGO,
WHICH WAVE COMES IN NIFTY NOW
PLZ EXPLAIN I AM VERY CONFUSE PLZ GUIDE ME
ALPESH
5422.9 & 5410 making the market fry, options eroding
premium? ant, falcon club waiting
Lady Analyst to client
If you Subscribe our Advisory service we will
give your Spl offers
if capital is 1L 10% interest
if capital is 50L 12% interest
client disclosed mine is 5 Cr.
Female Analyst
OMG : You deserve personal interest :D
go to comments section of IFCI board in moneycontrol,
these guys are crazy using such an offensive language
@DR sir,
Sujatha & Yoda would be coming for your head any moment now. :D
SAIBHAKT YOUR COMMENTS ON NIFTY PLEASE
Sorry friends if got hurt my intention was not that.
but here if somebody is giving view without explaining
reason, we newcomer get distracted.
I think we all r trying learn here so that we sud take
trade independently.
Mkt ney humey bhi day Trader bana dala
:(
Nifty Future turning to bearish side....
Last day it closed below 5467 and today trading below
this is not at all good for bulls...
For any short term bull run ..it should close above
5491 and if can trade above 5491..then only bull run
possible...as of now its a sell on rise.... until close
above 5491.
Break of 5402 now should give the momentum towards 5360... But when it will break? Kumarji?
trail sl to 5414.
Prachi didi
Plz, he is our beloved Kumar Sir.
he is helping us in trading and providing free
Medical Advise during late hrs.
Read his posts each and every post is educational
haha DR, aap investor ho kya, everyone in market is
a trader (intraday, shorterm, longterm),,,
DR sir hahahahhaaa
@ALL
Now the final Verdict is out ---
Bole to
"Bears ke Sath dosti kardalo aur Life Jingalala till expiry"
I am bullish on market. today I may switch my ULIP from debt to euity for 5% gain.
Dear Prachi - i am a daily visitor of this blog for very long time - Ilango has been kind to us all by sharing his method of understanding movements of nifty - these methods are with lot of members and even on the blog - Kumarji is using these methods efficiently and making money some are not - there are lot of new visitors on this blog and everyone cannot be taught individually - my request please go through each post and history of this blog and try to understand - then ask specific questions - all the seniors and Ilango are always kind in responding - regards Deepak
@Prachi,
Your intention is good but your way is wrong.
Everybody here has different needs/wishes from this forum. And everyone gets the same. Someone wants calls, he will get it. Someone wants to learn, that is available too. As Ed Seykota said, "Everyone gets what one wants from the market." Same here.
But you can't attack someone for not having the same need or taste as you. Especially a very respected senior like Kumarji. Restrain yourself and enjoy this forum full of diverse people.
I must acknowledge here DR sir's help to come to this realization. It has helped my trading a lot.
Market does both Whisper and Shouting ignore shouting
and concentrate on whisper :)
5402 should break for any furthur downside as
it is ORB low
Kumar sir,
There is a high possibility your sl will get hit.
My macd is going up see the bottom formation in
hourly charts. My aggressive long @ 5410 with sl 5380.
There is nothing wrong with your sl rather as of now it
is 5475 as per me
who is this Aditi Nobody anwered my question. I am just
curious as it was mentioned by Master
book 50 to 75 % profit here..rest hold with sl 5424
When someone do not know, please ask, without asking
do not just blindly follow until you are familiar
with the system - I am sharing here
but not to specific to anyone. No offense to anyone.
@Prachi: I am no expert, but a keen student. I can only
speak for myself as to how I got adjusted in the blog & started
loving it now.
1. Read all study materials on the right hand side & understand.
2. There are many experts here who each trade differently
So identify those whom you like, follow their signals.
3. Apply what you follow with the methodology that master
has put in the blog.
4. Now, start executing your trades.
Dear FIRE!
U r telling 5402 but i m waiting for a close below 5410. U again tightened ur grip, kindly lose it either it will cross 5460...which is my intrday SL:)
Dear Vijikrishnan!
This time ur comments are proper bcoz u gave level & Stop loss both. If u shared this earlier then so many may be bedifitted by ur view:)
Ilango,
whats the likely target of wave C.....as you have labled e now
@ Vijikrishnan
http://tradeinniftyonly.blogspot.com/2011/06/nifty-intraday-update-i_16.html?showComment=1308206830598#c4324183300463486205
surrogate advtg for capitalvia.com
does fishing here everydat :) :(
sir must be tired of deleting her posts. :)
please get out of long..trailing sl hit
Hour Gap 5427-5449
Day Gap 5420-5439.
If Nifty trades above 5420-5427,longs are safe and
longs are confirmed if Nifty trades above 5439-5449.
Round nos always lead to bounce
View and probability dont hold me if it goes wrong
My MACD is also inching up
Deeper cuts only below 5412 on closing basis as this is the havala rates. Above this bulls still have a fighting chance.
@Kumarji,
I have been accumulating shorts at every levels now. So would not like to get your SL triggered. But 5441/5449 has to be crossed before that. Failure to cross these levels can bring your or my trigger soon. Lets hope for the best (and prepare for the worst). :)
Big bank SBIN, mota gas RIL helping Nifty,,, 5410 is
saved, now watch 5461.7 and 5410,,,
covered NF @5450 which was bought in the morning @5421
Waiting to short now for tgt of 5400.
kumar sir, NF is in premium of 12 points. so should stop loss for intraday be NF or Nifty spot at 5460?
Ilango,
whats the likely target of wave C.....as you have labled e now
Novices like me can study the current scenario for the "Hook" possibility in MACD as stated in the book uploaded by Master this morning.
Dear rajiv123!
I always use spot levels for Nifty.
Dear FIRE!
I m following you, added more in rally. I already informed yesterday everybody that FIRE will lead Bear camp by tomorrow:)
converted all my debt based mutual fund and ulip (long term
investment) into equity fund.
that will be converted on today's NAV.
New Post Done.
TT 2pm update please
Welcome Fire Sir to lead Bears..
5500 put starts showing buildup in OI, which is unwinding since morning..
...
I once want to hear it from Kumar Sir that I am a good
student executing good trades. :)
But I am a boring student as of now :)
Dear Sir n Seniors (especially Kumar Sir & DR ji),
Would appreciate if you can refer one book (non - technical)
in nature, which would benefit traders.
Thanks.
Reliance 5th day in red, taking support at good level.
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