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...
94 comments:
@ Prabhakar mam - Ennathan Vedu vasal, thottam, Bangala, carunu erunthalum, train eara platformkku vandhu than aaganum. That is life.
NAATTAAMAI : enraa Pasupathi.? PASUPATHI : 1 2 3 4 5 6 7 8 9 10 11 12 13 NAATTAAMAI : enraa.???
PASUPATHI : adhaan enroamla…
Prabhat - u r right..but stopped much aggressive trades in"grinding market" in this kind of market "point to point" is enough. since 2 days my trade was "cam monthly H4 to weekly H3" today did upto weekly fibo 61% enough will wait and watch again. let upside go without me :D inbetween i will finish some work. But inner heart saying “bears only for next week” :(:(
@DR Sir,
No information on delivery... only got registration email
with Reg. No.
@ManojAG
I have volumes from my brokers software (Nesttrader)
and I have also posted chart also on my blog.
since 15days rangebound mkt so even not getting gud profit from sar also . .wht u say senior ?? Waiting for trend. .
Ilango said...
@ Rajan,
Some use filter all the time.
But we chose to apply only for first 2 days after the trade trigger. Today is the 3rd day after the Long triggered. So no filter.
Is that means JNSR triggered for LONG position and not short with no SL?
san,
For up moves 4725 - 4730 level which was broken may act as resistance. Bigger pull back can be seen if this level is taken out by bulls.
Sir
How can whipsaws be tackled.
It happened on a trendline on weekly charts,
daily and hourly.Although it was comparatively
less on weekly,slightly more on daily and too
much on hourly.
Sir
Can shorts be initiated by spotting
resistance on weekly, when all other
paramrters incuding daily,hourly, 15 min,
5 min, jnsar are bullish.
@RG Sir,
Awaiting 2.30 TASMAC!! :)
Battle of Bulls Vs Bears for almost 3 days. To day we will know who has upper hand
2:30 factor: could mkt fall from here ?
In this market its so easy to loose money.But earning just 20-25 points is a huge task
Now bears will run for shortcovering... if nifty cross
above 4730.
SAM
:D
http://1.bp.blogspot.com/_VUbYYM7zlIc/TUAkgOXBWOI/AAAAAAAABAE/rXwzG1OLIPc/s1600/go_green_logo.jpg
@ dr
it will be launched at the beginning of jan. it has already broken worldwide sales records(tabs); going by the bookings.
Bhago bears.......bhago bulls Aye
My broker is giving exit XXXXX short, exit XXXXX short, exit XXXX short etc., etc.,
Prashant
means not released yet ?
Trust in JNSAR. 50 points reached from NF 4725. Thank you Sir for your system
Part booked...
Volume at lower levels alarmed me not to go long.
Bears Lunch too costly now:)
Prabhakar
I think today is time to exit long :(
Thanks DR sir:)
@Dinesh Rishi: Thank you Sir.
Dinesh Rishi said...
Prabhakar
I think today is time to exit long :(
What does it mean???
Wow ...what happened, did Bernanke decide that they (US) will buy SBI? :D
Ye kya hua.....kaise hua...kab hua?????
Afternoon everybody...
bulls come back with bang
jnsar trigger at 4725 and up thanks llanog sir
Part booked 4815 NF initiated @ 4725. Thank you Sir for your analysis.
mynaccccccccc - just sent a mail to you... thank uuuuuuuuu
Exiting longs...
@Kumar Sir....Sarre bears bhag gaye kya?
Kumar sir,
Keep the scotch ready.
Ill get the biriyani :)
sir / seniors
NS in Daily chart has broken out of a triangle
pattern pls confirm
and target if so .
cheers
It was expected in next week but Market has always a knack to
surprise us..."Unexpected is always expected here Only ":)
I am pulling out my hair ... Did Sonia madam say all black money except hers will be ceased & invested in Stock mkts?
As nifty resisted its move past 4775 twice, I booked off my profits of long taken @4737 at 4778
Dear Cooldent!
Sure, Scotch will open for sure. Market celeberating Master's Birthday today on MUSTI's arrival:)
Dear SAM!
Maja kal 1.30 ghante ki trading me bhi aayega:)
is it 4th 'c' completed at todays high...???
volume is alarming at higher levels...
Now from here onwards,am very much curious to see how Bulls will
handle the situation.:)
SAM
BNF first tgt met now there is a big gap
& some more bull power requd to fill that gap
Bull will take shme rest before next attack
http://3.bp.blogspot.com/-b4Dl58CzsVM/TwW-OeNbZuI/AAAAAAAABVk/2xbT0IlD7lw/s1600/banknifty.jpg
was it bull attack or bear one..anyways at EOD we will get it...
Thanks DR sir for the Chart... and I already booked
complete profit at 4812 NF
@Ilango,
If 4710 holds and the reversal is powerful, 4800-25 will be seen by Monday.
Does 4795 NS count as 4800-25 ?
Very Huge volume in NF 1 min chart at day's high in 1 mion
721000....
Who bought there????????????
Kumar Sir
Booked at top
can we hook again?
Zisne bhi buy kiya.... wo fas gaya..
Looks like Italy,Spain,Hungary and TASMAC all performed today? Have a great week end. I extend my empty cup for Kumar Sir's overflowing scotch to fill.
Bye.
DR sir!
Me also booked part in my 4775-4825 area but holding tightly remaining part, tomorrow we will enjoy DOW effect on our market for rain dance:)
RG sir!
I will make 2, 1st i will sip urs & then mine:)
@SAM,
There may be stoploss orders above resistance level of
4775 as master mention earlier.
Ambani bhai milke mama bana rahe hain sabko...??
Yes Nilesh... agree with you...
rumour fed to test 4780
test result---4780 resistance intact
It was all due to rumour that RIL and ADAG will do something together... Reliance is always such things.
All stoplosses on either side taken out :)
Now its bigger outside day after two days rangebound trading, and most probably weekly should close in buy mode also. Dow may run like MAAREECH:)
4-1-2012 Day closing 4749.65
5-1-2012 Day closing 4749.49
6-1-2012 Day closing ?????
@ Sam - in that case straight hit @4810/40 possible on Monday???
Good One Kumarji. But TASMAC bar is one place where no caste,creed,gender and germsy check exists - take a sip but give me the cup.
Itna bhage toh kame se kam, hourly high ema pe close
ho jate..woh bhi nahi sambhal paye...
@ Nifty,
I felt 4710 should hold. But market broke that before reversing.
Similarly 4800-25 may have been achieved by 4795 or market could still move higher than that.
"Part booking" and "promptly reversing trades" based on your chosen number is the only way to keep the gains flowing in.
Dear Kumar,
It may…but have very less confidence in these types of moves when breakout point is yet away….
@ ILLANGO JI
GONE ABOVE DHEMA BUT NOW LOOK LIKE CLOSE BELOW DHEMA
SHOULD CUT LONG ??
@Kumar Sir: I am always in line without invitation for anything which sounds like "s.c.o.t.c.h" ... :)
Me too booked profits, but same time expecting fireworks next week in case nifty closes in range of 4750-65. But sir, I feel that this time it will cross 4825 for tgt of 4950 ..
If that happens .. then this is for you ..
http://www.isleofjura.com
@Kumar Sir: Expecting your reply .. :)
Ilango
In that case (4800 has already been achieved
by 4795), I have lost the opportunity to book
partial profits. I just can't react to such
fast moves.
You'll have a great week-end.
Nifty Hour chart updated: CLICK HERE
Dear Kumar,
The way 46,47 & 4800PE has shoot up from the bottom is not heartening sign for Bulls when Nifty is hardly 40 -50 points below from it’s day Top, is personal feeling..
@nifty: Don't sit with greedy in market. You can profit every 50/100 points gain
Sandeep
may be above yesterday DHEMA and below today DHEMA
Still Weekly HMEA yet to cross .. Selling on rallies
as per the TT
The upmove came on rumor of reliance press conference which was quickly denied.
@Experts: Is this the reason for the spike:
"China may resort to rate cut as early as today itself. Such move on the part of China will be bullish for riskier assets including equity, base metals and crude oil"
@Mynac,
Same feeling here and also good addition in OTM puts
too :)
KUmar sir,
Any reason behind your expected Dow Move??
harami cross
@Ilango sir,
Inputs needed plz !1
kumar sir,if can u explain ur dow rising and running like mareech.
Dear Prabhat & Mynac!
Bigger picture is that Nifty is closing above 5 WEEK EMA after long long time so one can not avoid it. 4700 calls were shorted in morning in huge quantity but Bulls gave a big blow & stampede happened in bears camp:)
Dear Satheesh!
Dow chart pattern appealing me & i am bullish on that:)
Enough of Stochastic for the week...time for Scotchastics :D
Dear PT,
खिलाडियोंके इस अपील में फ़िलहाल तो उत्साह ज्यादा और विश्वास कम लगता है!देखते है ,थर्ड अम्पायर(मार्केट) क्या करते है !
@Kumar Sir: Are sirji .. I was expecting your reply on the link which I posted. Consider giving it a try ..
Hamesha kaam hi kaam hai kya... thoda maza bhi mangta hai life mai :)
@Myanc,
Ameen :)
As daily closing seems to be below high ema, no intraday longs carryforward...
JNSAR buy remains...
Dhem Thadi Dhoom Thadi
Some green grass is now seen on TT table. :)
Will the cattle come!!!
Dear Kumar, Thanks.. let us hope for the best.
@ kumar sir
tomorrow trading is a one off
how do week calculate the weekly number for CAM
including Saturday or excluding
Dear prabhat!
Thanx for the link, u sent it last time too...its mouth watering stuff:)
Dear buggie advani!
CAM experts are Sujatha & Hitendra, they can reply this:)
like A. R. Rehman songs market today also song in line Thanks bull
and music maestro A R Rahman's birthday today. my favorite !
Good bye Sir and everyone, have a good weekend!
buggie,
calculate to today only.
next week is from tmrw.
i m expecting a red candle in next 2 days.
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