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 ...
67 comments:
OI rise in 4900-5000 PE with price down. PUT writing?
anybody can throw some light??
Dear "ss" Sunil Saranjame,
You helped me upload "Jpg" charts during my initial phase.
And you are still around to lend a "helping hand".
Thank you.
@Mr.Sandeep,
Walking on the Rope is difficult few walk without net.
Flipping the bike 360deg is difficult few do it.
Climbing horizons is difficult few climb it.
Every difficult things done successfully by very
few only. A single line separate those few & a conman
man. With continuous motivation & effort we may cross
those line.
Nicolas Darvas & W.D Gann even didn't have the
technical facilities/tools which You & Me having Now!
Let's put consistent effort to join the WORLD OF
THOSE FEW, who knows one day YOUR ways & strategies
may be followed by millions of new coming traders.
@Sujatha
Tutega bus thoda der se :)
The last 7-8 expiries have been the boring really
ye kya ho raha hai ye kya ho raha hai.kuch nahi kuch nahi 21 34 ka crossover nahi ho raha
Sir, C.T. on 2 min chart?
The initial fall from 5009.65 to 4982.55 is of a clear 3 waves which suggests of a "flat correction". Hence, Nifty is likely to be stuck in a narrow 4980 to 5010(+/-5 points) before moving higher.
PT - worry is mynac :) very few pnts it has to break :(
scary of 4980 it should break :P would like to see 57/40 again to decide where it's going
but this MID BB is the prolem and irritating
Dear Julius,
Appreciate ur consistency in contribution in ur own
way in this wonderfully useful blog of Sri.Ilangoji.
rgds~Ajith
can any one tell me abt free EOD DATA PROVIDER
Dear anmpatel
Due to Hrly.almost overbought condition,
I would like to take it vice verse,i.e.instead of writing..
Buying...
Master,
is hourly overbought indicate 60 to 70 point correction?
Thanks Mr.Ajith
@ Mojib
There are lot for EOD NSEINDIA or sharekhan would be good
Camarilla Intraday Follow Up:
Above 5008, negative for H3 SELLERS.
Thanks Shri ilango. I think there is still some problem - now when I click on a chart, they become smaller! I don't know how that's happening. Let me recheck. Are you using PNG images? because, on my blog I'm using all PNG and they appear real big ones.
Dear Sujatha,
Even I would like to see those levels but,the momentum is
so strong and O.I.data does not "strongly support" for
even intra Bears @ present,Bulls have the upper hand here &
in the latter trading Hrs they would like to trade above 5005
or you may say it would be their wish,nevertheless for any up move from
here,they will have to rollover their positions above 5005,
and how safe it shall be would remain questionable considering market movement
@mojib,
try Chartnexus. It free EOD charts
and good collection of indicators.
Only drawback is you can not download data. but you
can inpust values in your charing software manually.
Hope this helps you.
@ Prithvi ,
Price that does not reverse from "overbought zone" in quick time suggests that a trending move is on. The suggestion came when Nifty took support at 4944(channel and moved higher.)
Correction if any would be most likely to 21 hr sma/ Day pivot-4945-70 zone. Anything beyond that would be a concern.
Presently: Once again, Nifty could move lower to 4970-80 zone from 5007-10 zone and then move higher to 5040-65 zone to complete "a" wave and could start a cotrrection.
@ "ss" Sunil Saranjame,
Chart are all of "PNG" only.
There is a change after the "settings change" but it is not enough as you said.
Tks ashish. I hv started already
Waiting wid eager anticiaption for tomo's rapids .
Hope Anand lives up to his time-control reputation now atleast !
Shri ilango, I think I found the solution - when you make a chart in Excel,adjust it to 78% - and then press prt scrn button, then paste it in Paint, edit, save as PNG and then post. I think it will work.
Good day,
Wave C is in progress from 4913 and sub wave 3 of C completed at 5009 and Wave 4 of C completed at 4882. Currently Wave 5 of C is under progress at it may terminate at 5046 / 5050.
Caution is required at 5050.
One can initiate short at 5050with STRICT STLP of 5055.
@Sujatha
it has been dull expiry :)
Hi Ashish, re chess - Anand should never have gone for a draw in game 11 - he had the time advantage and should have finished off Gelfand on that day itself. But I guess Anand is relying more on his expertise in rapid and I think he will win the tie breaker.
http://www.youtube.com/watch?v=SlB28MP9Lx4&feature=autoplay&list=PLF80EE0EE692BFB53&playnext=1
@ "ss" Sunil Saranjame,
I'll try this in my 1.00PM update and see the changes. Thank you.
ns has not fallen below 34ema in 5 min charts since open
weakness only if trade below 34ema
Dear PT,
The chances of"Dull Expiry"still does not exist.Just keep your
eyes on 35Hrd and Day 5 D chart...Probably it would give you at least
some relief @ present.
4800 tak pitane ke bad itani uchl kood to swabhavik hi hai..
Hi Ashish, yes, I'm on chess cube, chess dot com etc and maybe we can play on some weekend. Thanks,
Sunil Saranjame Ji
Pranaam Nice to see u active after long time
@ AA, SS, Shriram
Banta: Aao ji chess khelein.
Santa: Tu chal mein sports shoes pehen kar aaya!
1.00PM Update Done.
Hi sanjay
Last four day of expiry ,Option table totally changed to bull in control.its look like last year march month
Hi Dinesh, long time! Hope you're doing good on that bank nifty. Yes, I read somebodys post re chart resolution and so I said like let me see if I can help out Shri ilango on this.
Camarilla Intraday Follow Up:
Trade1 : H3 SELL@5003 initiated@11.03am holding
with SL/SAR of 5023!
@master
your charts are hazy after click on it could not see clear pic
your routine charts were ok. please dont chnge formate of chart.
thank you.
@Mynac
thanks a lot ;)
strong addition in 5000,4900,4800pe...showing bullishness
but jo dikhta hai woh sab sach nahi hota
34ema near 5004 in 5 min charts
booked all....waiting for deep because of overbought hourly indicator!!!
lets see.
anyone tell me about VISHAL. hows he doing after brain surgery
thanks.
@Mynac Sir,
Why 4800pe below Rs. 2 had 20lac + OI in just today 4 hrs trade?
Is it buying or shorting?
regards
Hi bulls
Give your best before this expiry..as much as you can. We are eagarly waiting
i am quite nd "finger on my lips" becoz "SS-ji" is here..donno often he visits?? i hv to be "quite" then :)
PT - what god has blessed us only "we will get" watever v try v can't get.. hehe lolz trying to convince myself
@Sujatha/PT
Our time will come.....the best is yet to come
Camarilla Intraday Follow Up:
Trade1 : H3 SELL@5003 initiated@11.03am holding
with SL/SAR of 5023. Stop Not Hit Till Now.
One More Hit 5003 SAFE for H3 SELLERS, One more
opportunity! Personal Opinion....
ns at 34ema,rsi and ss at mid point in 5min charts
Ameen :)
Indus -fed up with this 34 ema booking again here it's taking good support.mm let us catch the big cat :) :) no more trade.. let me fight with vessel for sometime :P
Dear Julius
Can you explain what you mean ' One More Hit 5003 SAFE for H3 SELLERS, One more
opportunity!" People can initiate shorts now?
J.R.Julius
Target 4920 :)
@Sujatha
Good strategy...wait till the expiry is done....our
time will come....till then, the bulls are on top...let
them enjoy their last moments of thrill
Dear Sujatha!
Your time will come for sure but you must be ready to pick that fall, either you may miss bus again. Bcoz Bulls are not going to leave bears easily in this expiry, specially if 4920 holding well on EOD, after 4920 i may be shift in your side also. Expiry pain is now shifting towards bears, they are looking in trouble. Finally market is supreme so we have to follow it:P:D:)
@Kumar
Agreed....the pain is for the bears till expiry
Then fireworks!!!!!!!!!!!!.....
@Mr.Kranti,
As per Trendline I confirmed SELL is SAFE.
@Mr.Power Trade,
Honestly I don't know the target/it will endup
in Stops. But know where to exit whether its
stop/target. :)
Master ilango, good afternoon
Master ur charts and image have become hazy today cant
see clear out of them kindly switch tto older version.
Thanks and Regards
☺☺
@Sujatha/PT
Likely to test 200dma this expiry and for further
"bull" excitement, may overshoot by 20-30 points...
what's your view?
"Flat" correction turned to "irregular flat" & completed @ 5002.55 and the next upmove is on.
back from sapaad
@ AJ ... LOL , nice ye lo ek aur!
1st joke: Santa tell Banta - lets play chess
2nd joke: Santa makes move, Banta says " PASSSSS.."
3rd joke: They play for 10 hrs , finally exhausted Banta says - "yaar , lets call it a draw, tera ek ghoda reh gaya aur mera ek oonth" !!!
;-)))))))))
Now for intradayers, 5002 is the support.
Dear Indus!
Thanx for agreement till expiry, who says then stay with bulls after expiry. I will jump in bears camp if PT allow me:)
@Kumar
Welcome to the bear cartel anytime you like...
New Post Done.
nf is < h3: hence short with 5011 as sl
nf can c 4875/63/51 if < 4985
nifty 5000pe can touch 50
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