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 ...
61 comments:
Trading below 5170. ORB broken downside.
@Ilango Sir.
S3 5137, 200sma 5130. can we book profit around here.
I just now learning EW. Any other possibility to go
down.
Jagan
part booking means
http://www.ncpc.org/resources/enhancement-assets/clipart-and-stock-art/iStock-000000725463XSmall.jpg/image_preview
@master
sir, good morning. what will be downword targets? thanks.
@cooldent.
:)Thanks
@Dr
sir what will be tgt for banknifty sir. thanks.
Sir,
Nifty again testing support line(around 5155) Still
looking weak.Booked partial profits.Would like to wait
for 200 SMA for the rest.Your take on this Sir.
DR sir on leave. He was last seen laughing all the way to a bank
Aggressive part booking may be done around 5155.
However, no bottoming patterns visible.
5110-5130 is another good point to book.
Thank You Sir.
Sir,
Thanks a lot.At least thinking on the right track.
Thanks again.
@Master
please throw some light on banknifty also. when to part book etc. thanks. please include down word tgt. thanks.
sir can you give ew count for move from 5279
@Master: What levels are the minor bounce for intraday?
GM Master,
Master is there any possibility of bounce today ? and that
bounce can be sold as per pre market view?
mkt below lower BB. i.e. 5154.
@Master
please throw some light on banknifty also. when to part book etc. thanks. please include down word tgt. thanks.
@ anmpatel,
BN is covered only after market hours.
Presently, JustNifty.
@cooldent DR sir,s wife is hospitalized undergoing thyroid operation.Kindly everyone keep her in your prayers.
Oh my. apologies DR sir. Wishing her a fast recovery
100 DMA above 200
if nifty pauses around..here..a fast rise can be possible
once it crosses 20 DMA.
@dineshbhai
my best wishes for fast recovery
@DR sir,
Wish Her Speedy Recovery. Get well Soon.
Dinesh ji,
My wishes for fast and speedy recovery.keep up in good
health
Regards
☺☺
NIFTY's Falling support line: CLICK HERE
@D.R.Sir, wishing your wife a speedy recovery.
I pray almighty for the successful operation and speedy recovery of Mrs DR.
Buy signal came as per Rajanran's AFL
@ SAM,
Specify the time frame to avoid readers getting carried away.
@DR Sir: Wishing your wife a very speedy recovery & may God be with your family.
@DR Sir.
Wishing your wife a very speedy recovery.
Master,
11:00am update of TT?
Oops On 5 min chart buy Signal came at 5152.80
@All this AFL is under Testing... so don't take decesions
only based on this... look for your TA setups to appear.
This AFL yesterday given 4 times buy Signal and one sell
signal on 5 min chart yesterday.
100 DSMA @5146 giving support
@ Manish,
Are you still long as per Kumar Sir?
@ Kumar Tech,
Are u holding longs?
@ SAM,
4 Times buy signal and only 1 time sell? How?
@ adhindia
I am short since JNSAR triggered in both Nifty and Bank
nifty and master.
No longs.
Good Morning ILango sir & everyone!
Everything is normal at D R ji's end, surgery will be done later today. Wishing speedy recovery to his wife, get well soon.
@adhindia... Take a look at
http://cdn.marketcalls.in/wp-content/uploads/2012/05/Nifty-Futures-Illango-Strategy1.png
you will get some idea...
@ DR Sir
Wish her a speedy recovery
cheers
Camarilla Intraday Update/Follow Up:
From L4@5168 Till now market moves
maximum of 22pts.
My Sincere Prayers to the speedy recovery
of DR sir's wife.
@DR Sir:
Wishing your wife a very speedy recovery & may
God be with your family.
@ DR Ji
Bhabhi ji ki fast recovery ke liye prarathana.
Wish her Speedy recovery.
Dear DR Sir.
Wishing your wife a very speedy recovery.
@Sam: When mkts are directionless, I feel taking signals for shorted duration of time like 5 mins will result in many false signals. I usually resort to 30 mins singal & then try to map them to the 5 day chart for finer whipsaws to be filtered out. This may give u a bit late entry as compared to 5 mins charts, but I personally I fell that will prevent you from taking false positions.
Dear Master
In your vast experience have you witnessed such kind of a market where has become almost impossible to eeke out just a 100 points from the SAR trade. Its like as the CT is contracting seems like the walls are closing on me :) grinding me to dust. This is the mother of all grinders.
My Sincere Prayers to the speedy recovery
of DR sir's wife.
Give me REDDD....
DR sir Bhabhiji ko hamari taraf se "GET WELL SOON" aur hum wish karte hai unki tabiyat jald se jald acchi ho.
Thanks
This will be the third test of 200 DMA since March. Lets
see how it pans out. Probably will take support here and
Monday will be the GAAR decider.
@DR Sir ... my sincere wishes for recovery of ur soul mate
channel supports coming in...
http://imageshack.us/photo/my-images/542/niftydailttrendlines.png/
@STSB: today is the weekly close too. Master mentioned that sometimes the mkts tend to come back to the weekly open if the spot is far away from the weekly open. So do we see some attempt being made towards 5180 later in the day?
New Post Done.
Prabhat thanks... I am not trading based on any signals...
on AFL... but I do trade on my own Trading System Combines
with JNSAR...
I am just Testing the AFL... watching its performance...
ADX indicator is at the lowest level at 11,which indicates
that trending move will start soon in either direction.
Value of 11 was last seen in Jan 2012 when big rally
started and the value rose to 20.
Camarilla Intraday Update/Follow Up:
From L4@5168 till now 30 pts Profit.
Partial Exit is Good Here.
thanks for the Nifty levels and charts....nifty udpates
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