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 ...
47 comments:
Ilango sir,
I asked you earlier today " Sir, one question, as daily is overbought and hourly shows
negative divergences what about creating a short near day
high with just 15-point SL?
October 24, 2011 12:08 PM"
Nifty has not been able to move past day's high since then
and falling down. Was my observation correct?
@ Kavi,
You are absolutely correct.
We expected shallow move. It has taken support near HLEma less 10 points.
Thanks sir
Sir,
at this juncture who will be inflicted with max pain this expiry?
Both bulls & bears
Diwali with tears :(
5121 broken.
5105 is coming.
I have expected a fall from 2.15 pm onwards.
Bank nifty, cnx IT & Midcap have joined the party.
pdd
Bank nifty support - 9767
taking support @HJNsar
is anybody aware at what time is RBI meet?
DR Sir,
bulls & bears with tears.
Tarak mehta oollta chasmah.
mkt looks dangerours with immediate future
as low roll over.
pdd
SBI, Sudden downfall by Rs30?
Europe low of the day.
Ilango,
What should we keep as SL for longs....
If 5148/5148 is not crossed in next hour then
fall will start.
This is favoured by Daily overbought &
low rollover.
RBI may even increase the rates beyond 0.25%.
Watch 5121/5015/5092 on downside.
pdd
October 24, 2011 12:28 PM
ALL LOWER TGTS SEENNNNNNNN
TODAY SL FOR LONG 5084(MY VIEW).
Fast rise now - invalid below 5090 NF
@Hitendra,
Great job !
You had stated those levels when Nifty was
trading at 5144 or thereabouts. I wish
I had got off my longs.......
Anyways, keep 'em coming. I will keep
a close watch on the markets, next
time you post your levels.
NF @ 5100
CA/PE @ 34/34
they should be max 5-10/-
Stay away from mkt if wanna enjoy Diwali
48 lac O.I. addition in Nov.NF,and Nifty broke all
DHEMA,Hrly JNSR,Hrly 10JNSR and straightway went up to
DEMA... very discouraging sign for Bulls,when just 1day left for expiry.
Any up-move from here shall face selling pressure is
picture at this moment.let us see.
TA Rule No.3 is on....
@DR,
Using volatility of 30, both come to price of 32
in option calculator.
And they seem about at same price. Why do you
think they are overpriced ?
Thank you Hitendra for the fall.... booked some profit.
@mynac,
what are these rules ?
GD
they should be 5-10/- only
or operators 4got expiry is tom
Lolz
Thanks nifty,
DR Sir is great observer.
I still expect a big fall till 31/10.
best is to buy PUTS of next series.
pdd
5079 is 61.8% retrac from 5146/5038.
80% comes @ 5060.
pdd.
Dear GD,
it looks you are already in festive mood so only
joking :)
Hitendra
first 15 days never buy option
@DR,
No buying but selling is fine :)
Selling has limited profit and unlimited loss
If in doubt stay out.
Best is to buy ITM options 1 or 2 strike price inside
Posted by: kpl on 23-OCT-2011 (12:53:20)
Hedging is the practice of taking a position in one market to offset and balance against the risk adopted by assuming a position in a contrary or opposing market or investment.
Hedging is not recommended for small investors or retail investors. It is easier and more practical/ sensible to have a stoploss and limit your loss via position sizing.
Hedging can be done using futures, options, across markets (gold, currency, interest rates etc)... this gets complicated and is best for large investors and traders.
Hope this helps.
Ilango sir r we carrying longs??
@DR
i think one should reduce position or stay out, but
hedging i suppose kill ur profits, if not managed properly...only traders like kumar sir able to manage, who trade swings comfortably...
i believe one should trade mini if not comfortable, or having doubts...
@DR,
option strategy for expiry day ?
On Auspicious occasion of Dhanteras dated October 24, 2011,
exchange is conducting an extended live trading session in
Gold Exchange Traded Funds (Gold ETF).
Timings 16.30hrs to 20.00hrs.
Happy Dhanteras
http://4.bp.blogspot.com/_nGHsO9QWd6s/TNAN6gfL6sI/AAAAAAAADf0/cU0xf8lHLkE/s1600/dhanteras+wallpaper.jpg
Anil
mkt is forever :D
Gd system long so
will bet for CE carrying some will add or decide after
tom ORB
But will be comfortable only above 5127 NF
Sethu
No SL works overnight :D
kpl sir 17/10 msg:
Today OI points to a big jump in OTM calls (5200, 5300)
and a cut in OTM put options (4800, 4900)... this means upside is limited and downside risk is high
When GD is asking DR sir about option strategy....
I remembered this wonderful dhamka offer from DR sir during last expiry........
Dinesh Rishi said...
For education purpose
Nifty @ 4920
PE @ 15
CE @ 30
PE is OTM - (time decay 15 points)
no real value
If price closes @ 4900 it will be Zero
if one buys here Nifty must close below (4900-15) than only
profit will start
CE is ITM - (time decay 10 points and real value 20 points)
again if closing is @ 4900 it will also become Zero.
It has to close (4900+30) than only profit starts
September 29, 2011 10:28 AM
See u in evening
16.30hrs :D
bye bye to all.
pdd
Sethu
Bro
Nice to see your LOL and you back again
But please keep LOL for ever
This time dont boost regarding your system,
it creates confusion
Hope will hav nice time with u this time :D
\
liango sir
i am unable to spot the divergence please help!!
I am a new bee...please help me sir
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