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 ...
66 comments:
First support comes at either HEma-4996 or 10-15 points below HLEma. Anything more is bearish.
@Ilango
Thanks
:)
@ilango sir,
Wave 4 seems to be still in play as 4720 not broken ?
@ Gd,
In this 4720-5165, so many views have been taken... being taken too.
It is a trading range which should break down under normal conditions with Month TA being down.
Week TA is attempting a reversal with "4947" as a contentious number.
Day TA, presently up, will reveal the reversal if any in this week.
@sujatha,
இருக்கும் அல்லது இருக்க கூடாது?
Sir,
வரும் ... ஆனா வராது - சூப்பர் பதில்
Sujatha,
கரடிக்கு என்ன அவசரம்?? அது மெதுவா வரட்டுமே!! 4930kku கீழ!!!
bullish views:
As y'day daily closed above high ema, current opportunity faourse buyers...
and what matters is EOD..also for weakness hourly
need to close below low ema's..
Bearish views:
price got rejected from 50 DMA, and hourly closed below high ema...if daily closed below high ema,sure bearish trend underway
CNX IT index which is leading this correction has hit lower BB in 30 min charts. even infy also.
@ SAN i am missing your intraday charts..............
@ fellowtrader
now a days SAI BHAKT is not coming anyone know any happened to him??????
@Firedada,
Et tu??
@ilango sir,
Thx. These ranges seem a "sell on rises" based on
W-HEma ( 5056 ). That combined with H-Pivot turning at
5030 ( your observation in the morning ), could have been
a selling point.
Sir Yesterday high is still not broken 4991..
Ilango sir
Good afternoon,
Sir, apart from our blog is any link or website where we can see MONTHLY 5 HIGH & LOW EMA ?
Thanks in advance.
Fast rise developing in 5min NF. Invalid below 4975-70 NF
5minNF Fast rise developing
@abhishek sir gets it from his data so if u want it for other scripts u can dowmload the data from the right side coloumn and replace it with your individual script data
nifty broken out of falling wedge.
@Fire, Sujatha ma'm & others: Can we please refrain from writing in any other language other than English? The reason is that we (ppl who do no understand the language) feel left out. If it is a common joke or comment, then kindly post it in english so that all can understand & enjoy. If it is a secret to be de-ciphered only to the addressee, then you can kindly send a mail to the intended.
If I have offended anyone by requesting this, then kindly ignore it.
Dont be too bullish at this stage ..... 3-5% move
from this point is expected and mostly it will
happen downside.
holding 5200call @29 and 4900put @75....call:put @1:3
Prosenjit
If your expecting 3-5% down move than why holding call?
It means ur not sure of trend :D
@ fire - how u did without any spelling mistake?? that's great
@ Satheesh - ஆசை தோசை அப்பளம் வடை ஒரு நுறு பாயிண்டுக்குஅப்புறம் கரடியா, இது போங்குப்பா anyway consolidatating here + moving down is good (wishful thinking)
@Prabhat - nothing abt mkt. just for fun. certain things "translation" in english will not give much fun
@ Prabhat,
Your request is quite valid.
But these are "light hearted small banter" which may be ignored.
There is definitely no "Market related interactions" other than in English, the common language adopted.
From the day's high:
1. 5045 - 5018.7 (Clear 5-waves)
2. 5018.7 - 5040.7 (Clear 3 waves)
3. 5040.7 - 4992.3 (Clear 5-waves)
4. 4992.3 - 5016.3 (Clear 3 waves)
5. 5016.3 - likely to go below HLEma & reverse.
Suja,
LOL!!!
@Dinesh....never take naked option ... see the ratio.
@Illango Sir: My request was not only for mkt related communications, it was also for fun.. :)
All of us want to have fun - after All work & no play makes Jack a dull boy.
But as Sujatha ma'm said, if the translation negates the fun factor, then I would just like to say "Ayyoo .... :) "
Europe has open mostly in in the red
Asia ruling firm
today's opening gap has been filled
regards
@ Bhavan,
Many thanks ,
i am using ICHARTS so there is up to weekly HIGH & LOW EMA on charts.
Above 5018.7, 5 waves rejected.
@Sanjay and @ Prosenjit
There is a huge reduction in OI in 4400 PE yesterday as well as to-day- what does that mean? Can you pls give the interpretation?
Regards,
Veer
Prosenjit
do you know what is ur BEP?
if nifty falls 3-4% still you will be in loss :D
and if rises 3-4% than u will be in good loss.
@ sujata mam..
@Prabhat - nothing abt mkt. just for fun. certain
things "translation" in english will not give much fun----
“All creativity is a by-product of playfulness.
Seriousness is barren. Nothing is ever born out of
seriousness... except destruction.”
- OSHO
on an ST (15mnts) chart Nifty has made several attempts to go below
the Kumo (cloud) but could not. may be a phase of consolidation will superevene
GA Everybody,
Due to coal supply @ MSEB strike there is power-cut,
from 2-3 Hrs to 13-16 Hrs/day except Mumbai in Maharashtra,and Pune is not exception.
Though I have inverter,UPS has started to create
problems so,replacement work is now first priority.
So unable to track but just log in and saw the Big
volume trade,which is @ 5029for NS & 5039 for NF.It indicates strong
resistance,through out the remaining trading Hrs,if Nifty
will not,or will try to cross it.Let us see the Nifty
behavior,when Hrly Hema is above 5000 + Till then Bye.
If 5010 NS breaks then it is a rising wedge breakdown which ashisag pointed out yesterday!!
Suja,
வருது பாரு கரடி - போங்கு இல்லாமே
@Sujatha,
So hungry? :P
"5018.70" not breached yet on the upside...
Hour chart update:
Hour chart rising wedge update
As of now nifty sustaining above 5010. In case nifty hits 5030 levels, then it might just break out to end at its high.
Anyways I was stuck with loss after I had shorted @4955 NF yesterday thinking it would make a reversal. But as always, mkt does the opposite of what I do. I had to square of my future positions @5030 NF & take loss. But, dil mange more.. I watched that nifty was facing resistance @5030 levels (spot), I chose to go for 5000 put & recovered all my loss taking home some consolation prize with a small profit.
End of story. Looks like I am the only confused buffoon over here.
That is so typical of the 5th wave... sharp & swift..
@Ilango
5018.7!!!!!!!!!!!...How do you do this....seriously,
brilliant!!!!!!!!!!!!
Dear FIRE!
Lunch time so pls enjoy:)
http://www.google.co.in/imgres?imgurl=http://www.indiantvtoday.com/wp-content/uploads/2011/01/chicken-tikka-ertrtwertertertertret.jpg&imgrefurl=http://www.indiantvtoday.com/chicken-tikka-recipe-indian-style/2011/01/28/&h=400&w=440&sz=43&tbnid=MYsxwYOO0GBSpM:&tbnh=90&tbnw=99&prev=/search%3Fq%3Dchicken%2Btikka%26tbm%3Disch%26tbo%3Du&zoom=1&q=chicken+tikka&docid=8WFst0qaqJl-1M&hl=en&sa=X&ei=yvOTTqbaJcvprQf1_rmVBg&sqi=2&ved=0CEQQ9QEwBA
@ Prabhat,
You have handled yourself quite well with alternative strategy.
Exited first: Discipline.
Resold: Alertness.
@ Fire - :( :( wat to do?? am fighting with Satheesh :D hence more tired had "alfa drink"
@Satheesh - சும்மா மாட்டை அவுத்து விடுங்கப்பா ஜல்லிக்கட்டுக்கு இன்னும் நாள் இருக்கு நீங்க அப்புறம் விளையாடலாம் கரடிக்கு தேன் வேணுமாக்கும் பாவம் பசி :P for me too :)
Suja,
Share with us your magical sensex numbers!!
@Ilango
Go long at 4990?????
Satheesh - அத நம்பித்தான் கரடி மேலே ஏறியிருக்கிறேன் மாட்டை விட்டு என்னை முட்ட வேணாம்
Suja,
ask NF to break 5000 - then your Bear can catch the Honey falling from an inverted cup!!! :)
Suja,
நீ ஏறினா - காளையோ, கரடியோ உன் பேச்சை தான் கேட்கும் !!
@mynac for educat. purpose if u see the intraday chart today highest vol.tick @ 5028 and then at every lower levels app.1M ticks meaning sold @high app.4950 bought again am i reading it correctly?
@ Indus,
The challenging part is now..
Is it "12345" to be followed by an "abc".
OR Is it "abc - x - abc".
To play intraday... around 4975-4985, one can attempt longs.
@ Indus,
5th could extend too... towards Pivot..
@Ilango
Thank you....will go with the 5th extension towards
pivot
Bouncing off "4975-4985"...Above 5005.4, bounce extends.
Not a bounce...Just a pause.
@Ilango
The power of 5th....bounce negated!!!!!!
@Dinesh my BEP for Puts is 5090-5110.... for calls
i dont care if nifty fall 3-5% downside....if fall
it wont be loss but less profit :D
My target is 4640 or below this month.
For readers who look for global cues, US markets have shown short term negative divergences.
SAN has posted a chart with major ST resistances.
Read it as "Short term" only. If the weakness finds supports, uptrend may resume.
But clearly....there is weakness in Hour.
Bank of Indonesia cut interest rate by 25bps to 6.50% from 6.75%. Its a first Asian Central
Bank to cut rate.
@Prosenjit donot know abt it but not strong if doesnot close ^5030 sept.fut.changing rate
Sir, after applying filter what would be the value for JNSAR banknifty. It is 9205 for today as per the TT..
What Does Breakeven Point - BEP Mean?
1. In general, the point at which gains equal losses.
2. In options, the market price that a stock must reach for option buyers to avoid a loss if they exercise. For a call, it is the strike price plus the premium paid. For a put, it is the strike price minus the premium paid.
Read more: http://www.investopedia.com/terms/b/breakevenpoint.asp#ixzz1aSa0bP1t
Prosenjit said...
@Dinesh my BEP for Puts is 5090-5110
Your Holding holding
"5200call @29 and 4900put @75....call:put @1:3"
New Post Done.
@Bhavan .... wait for 2-3 days and see this weeks closing.
nf 4980 is acting as strong support as Sir Ilango has already indicated
, so from here a bounce is possible
Prosenjit
Your BEP cant be 5090-5110
it should be below your strike price :D
@Sanjay OI please?
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