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 ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
55 comments:
Namaste Ilango Sir And All.
GM Sir and all the gems of JN
Good morning ☺ Ilango Sir and all blog mates
Master changed Day JNSAR to 4965 from 4937
Prabhakar
Say By God
Monday OPEN is S1 for today.
Last fall from 5099 is R3 for today.
5036 is 21 Hrsma.
5035 is DHEma.
Good Morning ALL
@Prabhakar
Developing JNSAR also 4965
GM Master & to all.
I wonder where Fire & Sujatha ma'm have gone.
GM DR Sir. What are the BN levels for feb series? What are the likely position to short?
@PS,
Replied.
@Prabhat,
I was busy with my breakfast in Sujatha's kitchen.
@Dinesh Rishi : I am waiting for JNSAR Bus
http://static.ibnlive.com/pix/slideshow/01-2009/sanjay-dutt-on/SANJAY-BUS.transfer420.jpg
Good morning !
I had mentioned yesterday that Axis Bank will see resistance at 1020 levels and we can expect a fall after that to 730-750
I have updated the chart to justify that statement
VIEWS ON AXIS BANK
HH-HL trade update -
Long from 4865 still on. Developing DHEma is 5035
and yesterday's DHEma is 5016. Below 5016 is a safer
zone to reverse trade.
thanx fire,
I think nifty couldn't get a direction upward or downward.
@ILANGO,
master what a fulfiling journey it has been this january. Almost been follwing
The HR.Jnsar for 6 mnths now quietly. Master was a doubt in my mind which
I have sent u in a mail id. Please reply when time permits.
Luking forward to your reply
Regards
discipline
any guesses for expiry in nifty and banknifty...
in last credit policy i remember there was a 125 points down bar in hourly on 16/12/11. maybe thats why sir advanced jnsar by one day
I would like share this link for those who are
interested in astro study of market and moon phase.
Yesterday was New Moon day and we are at the higher
end of the market.
http://www.astrologicalinvesting.com/html/articles_pages/articles-ra_Moon-Trading_lunar_Cycles.html
I have moon phase monthly calendar in pdf but don't know
how to share.
Please share your views.
Mumbai Moon Calender
Courtesy: Kat
Ilango Sir: It shows Error 404
Thank you Sir.
"Mumbai Moon Calender"
The first 1.5 hr. looks like a perfect lesson of Golden Ratio from the books.
ORB is 13 points (5071-5058). Day range, till now, is 21 points (5071-5050). Both Fibo. numbers. Hence, 21/13 = 1.618. 13/21 = 0.618. Perfect. :)
Thank you Sir
Ideal time to roll over..
Book out on news and re-enter after the drop..
BN has gone beserk
RBI cuts CRR by 50 bps.....
axis bank entered trading range - watch out ! got a wonderful opportunity at 1,020 after the crr hike
Morning everyone,
RBI cuts CRR by 50 bips
Those following Axis Bank here is my updated view:
CLICK TO VIEW
Need to head out for the day -- good luck everyone !
Micro EW - Current rally is from 5050-5068 (18pts.), 5068-5060 and 5060-5095(35 pts.)till now. 18*2=36 added to 5060 gives 5096. As long as 5068 is not touched, higher high possible as 1st & 4th can't overlap. EW experts, please ignore. This tidbit is only for novices like me.:)
Developing 5D-LEMA has gone above Developing 10DEMA !!
Time to book out of Longs?
Illango ji,
Small Doubt again :-)
On Daily charts, 20DSMA approaching 100DSMA , is this a Fast Fall set up developing on EOD ??
rgds
DR sir - is it a good opportunity to short BN now?
@fire,
u wished and nifty rose. u shud have wished something more precious :-)
will nifty touch the high BB limit of 5113?
Nifty crosses 5100 ...
If any weakness/ profit booking, it should emerge here @ 5110-5135 zone.
Intraday 5-waves almost complete.
CRR cut is a structural change. It is an additional confirmation of the larger "X" wave unfolding.
The channel res. in week positioned around 5140 will eventually crossed and even 200sma too likely to be crossed and the larger retrace of 56339 to 4532 would come to play.
A ST consolidation/ correction would add strength to such a view.
Retail mind's thinking. This is bear market. Market has already run up and heavily overbought now. It is rising today on RBI news. If I use this rise to short, I will get neat profit.
Market's thinking.I have already run up quite a bit. But no retail participation. Ok, let me make another 100-150 points move without any pullback to break all stop loss at 5175 and 5200.That will lure the people.
My thinking. This is not a place to enter short or long . We are in between the hell and heaven.
BN 200+ ...
USD/INR Rate goes below 50.
Sir mail sent pls check.
Thanks in advance
Kat - Thank you.(btw Katrina Kaif? - I won't be surprised. Anna Hazare and Anna Ilango can attract a wide spectrum(!) of people).
Good Morning Sir and Friends.
How are you my dear Professor ?
rg sir,
was that(prof) for me?
When is the expiry guessing game starting?
BTW, BN has added 320 points in last 1 hr and 10 mins.
Seems FIIs are back with a bang.
Thank you Rajagopal.
Only initial.
@this is what retail mind psychology,
We see bottom when nifty starts to make tops
and we see top when nifty starts to make bottom.
we have to wait and watch for the positional trades.
Now mind is not accepting that nifty is making top,
to go for longs and not having guts to go for the shorts
let JNSAR will bring confidence again.
Till then do some Prayers
Itani shakti humen dena data......
BN now 300+
where is my dear jassi?
U R THE 1 my dear Prof.
@ rajan
jassi drinking lassi
New Post Done.
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