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...
46 comments:
Kumarji- :D..so "Fire"ing is done by our very own Laddla..Buddy pls stop buying on dips :)
Dear Ilango Sir,
Can you post your views please?
Regards
Good to see you people still awake and pulling my leg led by Kumarji. I got asleep and going to do the same again. Bye. zzzz....
Fire found sleeping
http://i.dailymail.co.uk/i/pix/2010/03/22/article-1259789-007166E000000578-583_468x305.jpg
nf has broken down the rising wedge read my views from here
http://stoxtrends.blogspot.com/2011/06/rising-wedge.html
@stoxtrends
if rising wedge broken than draw another wedge but somewhere else we do not want to know ur view
@ Lakshmi,
So far Day TA has not been reversed to down. A close below DHEma is the 1st step to sell on rises.
Presently Nifty is within the rising channel and getting the OB hour TA corrected.
Today's close for Daily & tomorrows close for Weekly will confirm a reversal or continuation of status quo.
As long as Nifty is below med. term avgs such as 50(5640); 100(5600) & 200(5730), such sharp falls could happen. And once the day trend changes to down, more falls will unfold.
If day trend continues to be up and holds above 5455, 5640+ may be possible.
jigs what a warm welcome :D
I am awake :D
Dear DR!
Nice pic, sleeping & dreaming too of currency:)
Dear stoxtrends!
Good chart, so will u be happy if closing comes below 5543 future:)
Now BN is the only hope for my puts.
DRSIR
so called analysts
har gali me bethe he
below DHEMA now...
Kumar Sir break 10800 5 min sustain
and game is all yourz
meet u near expiry :D
Dear Sir,
Thank you for your valuable views.
Regards
@DR ji,
After posting my sleeping pic has given you a lot of joy, can you please tell if 10800 is your current SL ? :D
Dear DR!
Thanx....this time i was with cautious approach so got proper opportunity to catch the ball at right time. Now i hope, Investor will come to save it at 10500 only:)
below 31 May low 730 fut will close all long
Hello Kumarji,
Are you still holding 5500 puts? I hope yes. Your stoploss of 5635 spot did nt hit.
What are the prospects of holding it till expiry. Holding it with a loss :(
Thanks, trying to stick to your confidence.
Tc
sir,
by which study this conclusion became possible??
"If day trend continues to be up and holds above
5455, 5640+ may be possible"
@hitz. Holding :))
800 holding
Mr. Pilley Chinta illey :D
Dear hitz!
Stock market is the place where one must be mentally prepared to give loss sometimes, either its not the right place for him. I m holding my puts & yesterday i shorted Nifty future too in bulk at 5590, which i mentioned here so many times. I m enjoying by trading in my shorts holding, my stop loss is 5635 and target is 5450-5400 1st, then 5330 and dont ask if 5330 broken:) Do u know that by trading in my holding, my average in future is greater than my stop loss & my puts cost is just 25-30 bucks only:)
DRSIR
no more holding
aab bas bhi karo. 10500 than 9500
DR sir!
I guarantee you 25000 within 3 yrs:)
9500 lots of if and buts
but 19500 take it granted I can give it in writing
but dont ask when it will come :D
@Kumar Sir: "Do u know that by trading in my holding, my average in future is greater than my stop loss & my puts cost is just 25-30 bucks only:)"
- yeah baat dimak mai ghusa nahi ... Can you kindly
explain as to what you mean by that :)
ya i know
u told me before
:( bacche ki jaan loge
NEWS: news that CBI trial court will pass order on
plea to probe Anil Ambani at 4 pm.
Dear Prabhat!
Sell 1 lot @5590 & buy it @5560, now add this Rs.30 in ur original 5590...now this one lot average is 5620...kya ab ghusa sir ya aur gusedun:)
@ PS,
5458.60 is the 3day low, now 4 day Low and by tomorrow, it will be 5 day low - hence 5455 holding.
The upmove from 5328 to 5597 could be termed as 2nd wave(1st wave being 5944 to 5328)within which "a" wave has been done and a complex "b" is underway, followed by a "c" wave in which 50sma is the next target as 100sma has been done and 200sma is far away.(A conservative view).
Hitz - Reposting for you. Last 2 months r sluggish. this is not the right time for puts/call buyers according to me. Big player like Kumar sir can do. Even though i know my level very best, i will not cross "multiple lots" First "protect ur capital + increase your capital" that's y i am always "easy to trade" . before taking "position" pls. think whether you can have that capacity?? pls. don't mistaken me. As me too lost heavily initially. just a small "experience" posting here.
I am a very poor technical person. Hence trading as much as simple. No time for complicated tough method, after all I am a retailer not a HNI ,FII or DII. My simple strategy is as follows – if time permits read it out -
1) Will not hold nd sit tight with my option. trade every day. say, you have bought a put option at 100, if it comes to 90, will not wait for it to go above 100 to book profit, I will sell my option on markets intraday fall and then you buy back the option on market rise and pocket the difference of at least 10 to 15. as much as possible I will not carry.
2) whether market goes up or down or flat, option value will reduce by at least 5 points every day, due to time decay it will reduce.
3) writing options have a much better chance of gain than buying options.
4) Option value goes down by 25% also I will book LOSS. Instead of ZERO position this is better if I hold then success rate will be less.
5) Timing is impt. I will observe the price behaviour, if it’s flexible within 8-10 points I will trade whether call/put or else will not trade.(brokerage around 40-45rs per lot) I will book profit regarding my CAM,FIBO level.
6) We must have our “OWN MENTAL QUIT LEVELS” say about 5-10 points to avoid bigger loss.
7) Always my entry point is “high” of nifty spot and will book profit wherever I am comfortable will not wait for target.
8) Options value will “lose their value” at week end and @ closing time. Observe this.
PS : I fullfilled my "space" quota @ one Go sir. don't curse me :)
thank u sir, shud have been patient for 1 more minute
pls also have a look at my 1st q in leisure.
(too greedy kya)
The 50sma=???? the figure.
Dear Sujatha!
U r right, U r not FII, HNI & DII but u r an istitute urself. Very nice presentation, most important thing which i do...always trade in my part holding of options & that gives me something daily:)
@Sujatha: Good information for option buyers (for geeks)
50sma = 5640.
doji, doji, doji
bandhead, banghead, banghead
no money, no money, no money
time waste, time waste, time waste
35D triggering.
DR-ji - check 2 months EOD chart ema 20,34,50 ema clusters here :) grrrrrrinndinggggg :P
bye all.
Low FNO turnover day,but surprisingly 5000 & 5100 PE's
closed almost at day top when NF last trade is 5563 :)
Hello Sujatha Madam,
Thanks for your valuable comments, Would watch out for them as i progress to become a good trader.
The Support from you guys is invaluable.
Thanks for encouraging young minds to think big.
A great pleasure to be a part of this blog.
TC n have a nice time guys.
It seems, it is Good to be quiet & follow seniors while learning. It helps a lot.
Thanks Sujatha for sharing your trading style.
Bye All and Have a nice evening.
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