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 ...
58 comments:
Hi SAM,
R u Long in nifty? Can buy BN?
Hello Ilango Sir!
Wish you and your family a very Happy Diwali! and a Very prosperous year ahead!
Best Wishes,
Vishal
@shriram,
I have concern with your W3 end at 5045. I am a firm
believer in flat/irregular W4 and that W4 timelines
are equal to W1-W3 timeline. Following Beckman.
Given that, I feel 5160 is W3 end for me.
1 = 4729-4920
2 = 4920-4866
3 = 4866-5160 ( 1.62*W1 )
4 = 5160-5011 ( flat and 50% )
5 = 5011-5278 ( .62 * ( W1-W3 ) )
@DKG I have no position in Nifty... I am short in BN ..
booked my 50% profit already and rest I am holding.
@shriram,
BTW, I didnt mean to say your counts are wrong.
You could have absolutely nailed it too. I will
keep yours in mind also. Thanks
@GD,
quite possible , only issue is 3rs sub frac in ur 3rd wve
4866-5160 is less than w1, very rare nahi ?
generally w5 is gr8er than w3 , not w1
rgds
30 points premium in long rollover :-(
a short documantry on Bombay stock exchange
The Banyan Tree
http://www.youtube.com/watch?NR=1&v=lGy2nwItsjw
@shriram,
Possible. But when we come of big bear periods, the
initial wave takes up a large chunk of the length.
ilango sir told me this. Have also heard this from
other EW folks.
When will this chinese torture end ? How
many more moves does nifty has to make
b/w 5170 and 5050 before showing its true
hand. I have a feeling that the real move
is going to happen during a gap up/down
and most of us will once again feel left
out.
Best strategy seems to be to go Short
until and unless 5170 is decisively taken
out. And cover partially as soon as
reasonable (50 to 100 nifty pts) profits
accrue.
And what's the deal with this 30 pt
premium? Certainly helps a lot when you go
Short.
Disclosure: I was Short BNF, partially
booked and moved that Short to NF.
SBI S2 is 1822..
pdd
Wish you all and our JN family a Happy Diwali and wishing many more brighter diwali's year after year....:) Have a blasting year a head.....:)
Master,
Any views after RBI policy and on last day of series ?
as JNSAR is up and nifty is near upper range on series.
http://www.youtube.com/watch?v=SVqYtpRaBH8&feature=related
lol
these guys trading after 4:30pm
Bhushan
Lolz
Yesterday I saw it:D
H-JNSAR whipsaws continue - last two trades SL hit.
Wave 4 better be on the right side.
there is a difference of about 40 points between SGXNifty
and NSE Nifty which is not usual
SGX nifty is showing values of NOV futures
@ GD,
Can u pl educate me on the JNSAR concept ? I m new here
rgds
@shriram,
It is a stop & reverse concept. See tech table
and help on the top right side items for more help.
@Shriram its nice 2 see you here.
Dear Ilango Sir,
Can you post your view now?
Regards
Lakshmi
Shriram,
Go through below link
http://tradeinniftyonly.blogspot.com/2010/09/jnsar-stop-and-reverse-trading-method.html
& later http://tradeinniftyonly.blogspot.com/search/label/JNSAR
a long and tedious battle for Nifty to cross over 5170.
so many failed attempts yet not tired and still trying.
this is called consolidation!!
Nice ascending triangle of 130 pts.
Tks Ravi & GD,
will go thru & assimilate, albeit a bit slowly, am in Eshaan Awasthi mould :-)
rgds
Can anybody tell what
was famous dialog of AK Hangal in Sholey?
http://static.ibnlive.com/pix/slideshow/07-2010/the-stars-of/imam-sahib_260710.jpg
itna sannaatta kyu hai bhai ;)
@Ilango
Best wishes for the year ahead....could I request an
update of the TT table???
5140 crossed ...
expiry effect...
Bank nifty -2.35%
Nifty +0.85%
lagta hain nifty, ka mood banne ka hain...
5135-5145 was ilango sir's aggressive short zone.
Too late for today ?
@DR - nifty strong BN weak??? why?? what's ur view any "white tubelight possible"??
Nifty heading to 5165[vix range]
huh.. u heard finally?? give me one and only tubelight 550??
After a lomg time, the next month NF at premium of 40 points!
yippiieeeeee !!!!!!!
DR sir, Thank you for 30 to 70 :)
Bullish engulfing pattern as it crosses yesterday high.
Sir is absent from 12 noon onwards.
pdd
Reliance lift Market Up
thank u BN atleast gave upto 500 :) not my tubelight 550
overbought.
+100 from today's low.
range breakout.
screwed.
pdd
5200 !!!
Selling zone.
5100 PE looks cheap.
pdd
Now BN turning it on ...
NSopt below 5180 will be weak from tmrw onwards.
ICICI bank pulling the BN up now ...
5200PE volatility is at 20.
this is cracker showwwwwww
Overbought ...
bought 5100 pe @ 70.70.
bye.
pddd
SOMEBODY HAD SAID DIWALI KE BAD DIWALA.
IS IT COMING TRUE??????
Dear sir & friends,
May the Goddess of wealth and the God of Knowledge
bless you with their choicest blessings
On this Diwali and always!
HAPPY DIWALI................................
Happy Diwali to one and all.
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