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 ...
130 comments:
May 2011
Intraday Closing
High = 5775.25 5551.45
Low = 5328.70 5476.10
Intraday 446.55 points Closing 75.35 points
May 2012 till yesterday
Intraday Closing
High = 5279.60 5086.85
Low = 4788.95 4891.45
490.85 points 195.40 points
Expiry closing may be around 4986.85
ie. Closing high 5086.85 - 100 points
numchar - market , NSE/SEBI - all wants chillar only RBI in shortage of "chillar" hence :)
Hi technical experts - can anybody tell me is outside bar set up is important?? anybody post the detail with example or explain me what it means??? senior chartists please. tks a ton in advance. i will post my blah blah once i know the meaning.. donno whether i am right or wrong..
Sir - if you are here kindly help me what it is tks n advance
After europe opens can we expect a short covering rally ?
Expiry @ 4864 avg. Nth volatility.
@praveen kumar
i am not able to understand ur reason
I can't post comment from my laptop but working fine with mobile. Any solution plz
Avg month volatility close
Doing with mb so typo error
@Sujatha
I am no expert, but like to share this..
Outside bars are those bars which encompass body of previous bar, actually they developed after uptrend or downtrend, and signals s sign of exhaustion too...
the more number of bars it covers, more stronger the signal...
http://imageshack.us/photo/my-images/138/outsidebarsniftydaily.png/
Jiignesh Sir: My expiry guess is 4913 (50% retrace).
@Ilango
Would appreciate your inputs at this juncture
My expiry guess is 4850 80% retrecement of last upmove @4800 to 5020
Today Also Bloody NSE people Averted teh Fall --- Kab tak rokenge
ek din to ana hain ha
Anil thanks - r u Anil Trivedi?? sirf anil??? will send u chart send me test mail.
mynac - sitting on 34ema
@PT
:)
@pt
its not nse option players r culprit
PT - still itching of bear trap??? they can do any damn thing :( :P let us see how this 4950 playing if close is below no worry for bears or else chotta bulls may out
@PTji,
We want Deep Cut.
Appears to be 5 Wave completed from 4982 to current day low. The up move is likely to retrace to 4970 zone.
@sir
@JNfriends
May Series Expiry Guess
if ur name is not in sheet plz inform
most of indices at 55ema res now
@sujatha
yes... its a another id on google+
@ PT,
Now I am ur side, push down as much as you want.
@ Jignish ji / DR ji / Illango Sir,
Thanks for accepting my entry in to the contest.
closing below tomorrow JNSAR 4927 will be short trade I am right sir ?
Anil - mail sent BN wants to hit 480/500??? again it seems "it's an elephant" :D
HI Jignesh!
Reposting :
Expirt Guess : 4937
Reason : As it is monthly Closing, levels as per monthly TT are more relevant, The least bull cas i can see is a close at LEMA @ 4937
Thanks in advance for updating, you are doinf a great job.
look at d price of 4800pe 4900ce 4900pe and 5000ce
game is visible
look OI In JUN PE 4800.00 4,084,550 which is nearest highest OI
Expiry at 4894 weekly pivot
expiry will be 4870 just above .73% retracment.
expiry at 4910 weekly and daily low ema
4906 if holds recovery must i feel so.
@Jignesh
Please post goole document link......Thank
sir
sorry but right it as 40,84,550
i read it as 4 crore
Dear Sujatha,
Was away from Market for some time..
Just read our friends wish.. "Big Cut"...
But very frankly to say so.. "I don't want any big cut" because it minimizes trading opportunity...
In trending market true trader always want frequently short lived moves against the trend...because then only he gets better opportunity to trade with the trend..i.e. either he can go short or long with the trend....
hifty retracing to gather momentum to break abv 4910ns
Dear Jiignesh!
Once again thank you very much for your sincere efforts on expiry day. My expiry guess is 4950, its 61.8% retracement of fall from 5630-4531 so monthly closing may hold it & DHMEA is also nearby.
My expiry guess is 4936, today's Support1
To jigeshbhai,
expiry guess 4937
month low Ema
Ayega sab niche ayega par kal ayega expiry ke baad
mynac - very true :) trader should be clear with his views about - LONG TERM/MID TERM/SHORT TERM sometimes i will confuse myself :) that time i will miss my INTRA QUOTA i feel sensex may participate later becoz BN is leading since morning it's holding well hence no need to tell ...what is short term??? how it's resisting is the clue for next month beginning :)
Hi jignesh my expiry guess is 4938-40 38% of the last
rise
☺☺
My Expiry Guess 4982 gap area
PTji,
aaj bas mera4870 dikhao uske bad jo niche lana hai le jao.
@mynacji,
help mi with to pull nifty down.
nifty june series
no primium no discount everything neutral
Good after noon master and all JN friends
Expiry guess 4925 Nifty may close the gap created yesterday but then
fall down as per the trend.
my expiry guess was 4924 yesterdays lema
Dear Jiignesh!
Considering very low NF rollover for this series,would like go with Dear Kumar today so request you to register my Expiry guess(wish)as 4955
DR sir - Time to short BN?
Expiry Guess 4847 - 4857 --- Reason Just a Wish :)Choti si Asha :)
nifty june series in premium 2 point
may be there might be long carry forward
mynacsir any comment on it
Expiry guess dekh kar lagta hain ke JN wale traders sab long hain.
@ J R Julius
Are you there today?
aamin.........
@sir
@JNfriends
May Series Expiry Guess
if you do not find ur name in sheet then inform
will be back in 15min
sir my name is not there
sir my name is not there.
emas converging
fast rise setup emerging in 5ema and 21ema
fast fall in 7 and 49ema
confused???
Hitendra
Short BN below 9401 for today.
Though it's trading below the JNSAR of 9442.
sir,
DRsir jinsar for today 9400
stock 4 - only up pls when i got down u take it
Dear PT!
Tumne to apne bika maal kal hi cover kar liya tha, fir to upar ki asha karo...dobara mahnga bik jaayega:)
Dear Jiigs! Take help of D R sir & do this in ascending order like last month, that was very good & easy in viewing.
Dear JILANI GHETA,
In present scenario the final O.I.for NF next series on expiry day is always above 2 & 2.25 cr.This time yet it is hardly 1.45 Cr.means most of the players are hesitant to go long or short,due to in general overall uncertainty...And in these types of situations,generally market used to react exact opposite to trend..i.e this is the time for market to go up:) whether it shall be sustainable,or reversal from present low don't know... only the time will tell it,nevertheless,considering present down trending market that is the time only to go with the "trend" whenever market gives us that opportunity.
up up and away
PT - 40/48 crossover will trap the bulls @ last hour
Expiry : 4856
Line extending 4879 and 4805 and meeting today's fall :)
expiry guess is 4888, based on 38.2% retracement
chg in O.I
4900ce....approx 20 lakhs
4900pe.....approx 14lakhs
watching data carefully
some unwinding in ce when nifty moves up
Last leg up this morning coming to an end at around 4917 -20. So downfall approaching once again.
@JILANI GHETA
@shivanGupta
plz copy paste ur guess
ponds cream lagaya kya? i found that when doing ee :D
dollar retracing,
global cues positive
dow and hang seng fut going up
expiry at 4910 weekly and daily low ema
Dear Sujatha,
about your 34 Ema...:)
It's very in-general observation,that whenever Nifty gives 5 min.34ema crossover during trading Hrs.it used to give at least 25 to 35 points gain in that market direction.
For today now it has given that bullish crossover @ 4904..means it may go up to 4932-40...let us see.
My EXP GUESS 4937 Month LEMA
NIFTY EXPIRY 4940
REASON - ABOVE MONTH LEMA
drsir is busy in counting money :)
Hi Jiggs
Pls take my guess also.
NS May'12 expiry @ 4922 5WkLEMA (Nifty has broken out & fallen back below this .. so i expect it to resist @ 4922
cheers
4940-4945 5 and 20 dma
90 min left
strategic time out
final game to start now(emas lipat gayee hai aapas me)
EXPIRY @ 4900, 4900 CALL AND 4900 PUT BOTH ZERO. TRADERS BUYING BOTH IN ANTICIPATION OF A GOOD MOVE ON EITHER SIDE.
dollar falling
@master
2pm update and your comment please. thanks.
To jigeshbhai,
expiry guess 4937
month low Ema
chg in O.I
4900ce...still at 20L
4900pe....18lakhs....+4L
expiry @4860.wek trend asserting itself
mynac - i got down.. as 4926 is my target but becoz of 2.30 factor nearby shhhhhhhh mr. started grinding down :) if i not hv intra food my food will not digest :(
PT - BN is strong since morning now break 383/345 to 280/235 then all is well at your side let us see
bn and midcap index after moved up from 55ema .
now again at supp of 55ema
Till now successive 3rd NR7 day.
Will the Bears stand up please !!!
Please provide sheet link...
Jiignesh sir,
My expiry guess is 4895... just above the current week pivot. I am not able to open the googledoc from my office network hence won't be able to verify.
Jiggs - pls. add my No. too. tks
4891 - 2 weeks swing close + weekly pvt. nearby
My Expiry guess is 4932
Near to Daily 5-EMA and above tomorrows JNSAR
@ Jiignesh
My expiey guess 4901 Hourly pivot and also Nifty Future ATP
@Jignesh
Please ..publish link for Sheet (Google Document)...Thanks
chg in O.I in 4900pe(20l) has exceeded chg in O.I in 4900ce(19L)
my guess 4893 weekly pivot
@sourav kundu
u already gave 4895 yesterday
Expiry guess : around 5dema @ start of today ie 4946.
As per the sheet out of 39 entries, only 5 entries are below 4900 while the rest are above it.
@PT/Mynac: in the morning you were mentioning about NSE players preventing the nifty fall. Can you please explain how?
Tomorrow the fall or today only
AND TIME IS UP
May expiry guess contest is over friends.
Here is Sheet
Prabhat
The Last time also when global market were deep
red .. Nifty was not showing figures for almost 2 hours .. today also global markets bleeded and NSE
did the same .. Bloody Suckers
dollar at days low
Expiry Guess: between 20 and 50 EMA @ 4936 and 4940, Last time, I was missed by just 5 points, today I may struck Gold, ha ha ha h
Dear Prabhat,
Please post link for Sheet....(Google Documnent) Thanks
jigneshbhai,
your guess
Thanks for sheet
prabhat and shivamgupta are leading at the moment
@Ilango
Update please
I couldnt found my name in sheet....
shabsaifMay 31, 2012 2:28 PM
@ Jiignesh
My expiey guess 4901 Hourly pivot and also Nifty Future ATP
@sushil sir,
But today dollar made 52week high.
done
@Ilango
could you let me know the developing bank nifty JNSAR for tomorrow
PT - yes.. u r right.. but positionally still weak only below 5078/4950 level..thing is eating the premium of calls/puts so not able to do that :( if close is not above 4940 shhhhhhhh bit relief for bears but mynac's statement is scary for me just holding 4900 level is ok it should not cross 40/50 level..cat on the wall again :P
BIG DADDIES MAY COME OUT NOW
bull ya bear??
Trur ..May be tomorrow the fall or may be not but 4970 again the wall to cross
PT Sir,
Please protect 4937 on NS... my SL for shorts.
Please sir... sell everything and go short!
My expiry guess 4910 Nifty Spot 5Low EMA
days high
Jiggs,
my name not included( not that i may win..) :)
sorry contest over
Jiggs
Plz sort guess in ascending order
New Post Done.
lol
plz copy paste
B.N.above yesterday's close. So the Nifty follows....
Pana Khona Khojna Saanson ka Itihas
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