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 ...
33 comments:
thanks ilango sir
Just got Disconnected
Hyderabad electricity has become a luxury :P
Nifty made high of 4961 and retraced now i think now
hourly pivot 4946 will be decide the strength.
sir plz correct me if am wrong
Sis its ur kindness/greatness when u say u do nt knw abt charts :D
Rgds
Dear Bhavan,
The Highest trading Volume zone at present is bet.
4944-4955.Trading above the area would keep hopes
very much alive for Bulls,but A day trader may
remain cautious because already 79 points intra movement
is there.If I am a Bear then I would like to keep Hrly
closing above 4973 as S/L for my intra short,if any.
Prev month close is 4943 and current month Lema is 4930. A close above this today might be important for further upmove.
Europe opened gap up but not sustained... and now at day's low
Sir
In 15min chart MACD -ve div. is developing?
Hourly low ema and mid bb in 30 min are more or less same.(4906/4907)
Previous month close was 5015
LV
Hi all
Just computed new nifty index composition as Coal india gets in Nifty.
Top ten nifty stocks represents 55.7 perecent movement of nifty now
Reliance
Infosys
ITC
ICICI Bank
HDFC
HDFC Bank
Larsen
TCS
SBI
Bharti Airtel
http://financeandtradingmadeeasy.blogspot.com/2011/10/nifty-weightage-construction-mkt-cap.html
@Bramesh - :) :) below 4933 our "PT" can enjoyyyyyyyy more
@ Bhavan - •"It is good to know many things,(people like u all ) but it is always better to make good use of whatever little we (I) know!" so, i am happy whatever little "I know" :D
@Mynac cud u pls tell wht is 4973?
thnx in adv
LV sir,
Please check in the above TT which sir has posted. The september month close is 4943.
@Sujatha
Aameen
Dear Prachi,
You should take it as 4975 i.e. NF Top for a day.
My belief is there that TA figures,pivots,resis.supports
etc.are applicable for NS & NF too.One can apply it
considering premium/discount for NF as per his/her experience.
At present NF top is 4975 means if NS shall go there
then probably it would be a resistance there.&
If it shall sustain above it,for Hrly closing,then due to
strength who knows it may go further up.
These are all if and buts so now let us see.
@ Satheesh
Agreed. Havala was 5015. What you said is right for month end.
thnx mynac understood
-ve div on 5min chART
Dear PT
Kindly make a comment of your market perception which i always like.
regards
Can any body update current oi of nifty fut? More than 30 million oi is needed to sustain uptrend I think.Regds.
@Parimal
Still a Range Trading --- Rises are laboured and Falls are gap downs -----
4873 NF is the LOC below it bears rule :)Above 4977 Spot Bulls Rule
At present after a long time there is a hammer on the hourly chart ... Bears may get obliged :)
Dear animoitra2011,
22108400 O.I. For NF at present.
@ilango
Awaiting your karmic effect:):):)....your views please
The 20 DMA at 4970 stands like a rock and is not allowing Nifty to move above it!!! Move 20DMA move please!!!
@ PT - mm. as per my "own" PSAR is 4968/85 bach gaya so far :P slowly ball is coming to your favour??? hope DR didn't get down it seems once he announced means bears will enjoy :)
Satheesh - huh.. u too with DR.... me pity "விளையாடு மங்காத்தா
@Sujatha
Thanks a Lot :)
yes sis...
DHEMA should be sl for longs if taken today on lower levels
NF high is not getting broken till now... 4 attempts failed
@ Indus,
It is out of the channel but taking a lot of time closer to the break-out point.
With Hour in OB with some -ve div emerging, one need to be cautious here and takes the trades accordingly.
Bulls should note- Infy results on 12th.
nifty retraced almost 78.6% of fall from 5033.9 to 4728...
New Post Done.
@Mynac it needs to cross more than 30 million to indicate serious fresh longs entering the system.Regds.
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