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 ...
106 comments:
asish - it should cross 890 then one fast upmove will come according to me but mkt will never listen to me ..very bad
suja 5106 5109 5094 5104
It looks Master is Busy with some work today...Updates 2 & 3 are @ a time...
back -->
Illango ji,
Pls check if possible lables, describe price, for now ?
a 5042 5142 100
b.1 5142 5095 -47
b.2 is playing as a FLAT as...
b.2.a 5095 5122 27
b.2.b 5122 5094 -28 -104%
b.2.c 5094 5122 28 104% ** in play UP
to be followed by b.3 DOWN to finsih the ABC @ 5077-5075 ruffly
Your thoughts on price sir ?
Wow Sujatha Ji! crossed 890. Hats off to you
@ Ashish,
Doubt asked was on how master is looking @ developing lables & options,
nothign on system or trades ...
BNF 952 CROSS IS good more
bank nifty confirming fast rise setup
BN forming pt5 of bearish WW pattern near 9930-70 range
trgts below 9730 tomorrow
SL pops .... time to watch sujata dance :-)
Those who entered our CAM BUY@5109 with 20pts SAR
given in Morning Cheers...
yepppp -had shriram's SL now nifty rider's too :) good food after a "long irritation" oops.. now my mayan should not react :( then all is well upto???? BNF should not back from 9952
@DR
banknifty jnsar hit....after long wait. thanks.
Illango ji,
How r u seeing lables for now sir ?
@master
what a entry....like Bachchan in old movies...ekdum DHAMAKEDAR.....
thanks for coming back.....
shriram - but hurdle place :( BNF should take 980++ the same nifty 128 +++ then only the game i booked out :) for safe side let me see
Jai Ho Bulls maharaj ki, if closes above 5125 now then see the magic:)
@Shriram,
What is happening? who is bull and who is bear? equal force it seems at present
bullishness before 2.30 puts a ?. If we make new high after 2.45, better to square shorts and enter new longs is my observation.
@ Sujatha Amma,
Please reply my mail.
Prahalad - yesterday itself it has given a hint :) check yesterday's hence i was longing with TSL based on hourly. BNF showing strength is +ve let us see
@ Shriram,
Bullish Green: "a" could be a leading diagonal fm 5042 to 5141 and "b' done at 5094 today and "c" wave up is on. You could change to 12345 if need arises.
Bearish red: Larger "B" from 5190 could continue in its complex way. In such a case, stuck in the range of 4995 to 5175/90.
Very Bearish: Only below 5060 or 5010 or 4995 may be considered.
sir ji,
if v follow your guideline mkt GIFTS you:
if v disobey your guideline mkt PUNISHES you
@ Kumar Sir,
Aaj to 5125 kw upper close hona hi cahaye.
yahoooooooooo 175/80/90>????
yes sujata: but don't fear , if 5142 is taken out, u will enjoy a lot more :-)
@ CDG: There are 2 options
(i) We hits 5133-5142 & reverse back down to 5094
or
(ii) We have commenced wave "c" UP from 5094 , shud do = 5094 + (5142-5042) = 5194
Kumar sir is right, white candle is pro-bulls :-)
One more close > 5107 & better still 5142 & Bulls will weild the BATON !
123 pattern excellently formed in tatatsteel
Kumar Sir
Tare Jameen Par
Ya Sarrey Jammen par
I live your this Quote
BNF not taken out - 10K + bonus 50??? depends upon the reaction @ 9980
jumping in leaps and bound...
Doctor sab,hope so.. aap sahi dishame safar kar raho ho...
1) @10:10 l=422.05
2) @11:39 h=426.5
3) @13:20 l=422.1 above l formed @ 10:10
tgt >h of 2) achieved in tatasteel-f
@ Master in PMV:
For Bulls, any corrections should limit itself to golden ratio of "5089" and the 80% @ 5062. For Bears, any rise should limit itself below golden ratio/ recent high of "5133-5141" and the 80% @ 5160.
Thanks so much ilango ji,
This 2nd option
"Bearish red: Larger "B" from 5190 could continue in its complex way. In such a case, stuck in the range of 4995 to 5175/90"
Looks imminently possible 5094+100 =5194, can well be this option, if we in B.c
but clearly Bullish now UP to 5190 now
patience pays
There is 100 % drop from Day high in 5100 PE,with hardly 7 lac intra O.I.addition...
Pole vault jump attempt over Dinoo's Monday tubelight candle. :):) Only a Bhow Bhow jump gap up tomorrow will switch the tubelight off! No use kukkad kuk kuk.
shriram -ji - cheating :( yesterday i told this figures.. u said "expect your no. i understand all the nos." now the same "nos" ??? u r hiding your "potential"????
Dear DKG!
Closing above 5125 mean, sky is open for bulls:)
Dear D R Ji! Ya, its my favourite quote & i see this often in mkt:)
Dear Mynac! Its bulls attack after consolidation, my stoploss was 5090 & that saved me. Now 5125 closing needed then they will be in pain in expiry, who are already in pain:)
NF intra O.I. addition coming closer to 20 lac...
BN Spot and BNF both in 5 figures....
Week trend almost confirmed to be up.. Even after major draging by RBI news....
Dear All
5159 HIT nifty
5160 kudao nifty queen!!!
@Myanc
All is set for the down move tomorrow
bank nifty above 10000 !!!
bank nifty at chanell res
Bankers get
http://4.bp.blogspot.com/-oYiFdsNYRU8/TmiFK6Byr_I/AAAAAAAABj8/wIOMn25ue9k/s1600/inaam-dus-hazaar.jpg
@ PT
NO please no down move excellent rally.
PT - OMG not day but... as much as it can touch 5200 also no probs for me.. may be 215 calling?? not too greedy it depends upon the 'situation" sofar fine 176/80/94 expecting as of now
Dear Sujata: honestly, i understood ur ysday's words, only now :-)))))))))
Alt EW lables now:
B.a 5190 5042 -148
B.b UP may be in play as
B.b.a 5042 5142 100
B.b.b 5142 5094 -48 -48%
B.b.c 5094 5194 100 100% ** in play
34EMA has been comfortably left behind!
Dear PT!
Downmove always welcome but be ready for 5200-5300 or higher in expiry. This bull is neglecting QE3, no rate cut, bad data, weak INR....it may be a KAPDA UTAARU RALLY too:)
bearish ww trgt in BN 9730 tomorrow
PT hope so bt nothing seems to be going that way at the moment.
Dear kumar,
Very true..it's Bull's attack.. and one has to accept it...Even though I was not favoring big upmove from here...due to near by expiry,and Nifty price movement & yesterday's 5100 PE & NF O.I.addition forced me to change my stance for expiry game,since morning.. & accepting it very happily :)After all price is everything...
Ilango sir..can we say now only green scenario??thx
thank you god
@master
please update new tables when apply.
thanks.
JNSAR always works excellent.
sorry labels
N. HARI PRASAD.
Howz ur trade going on?
Now eyes are on 5200 CE... which has almost 75 lac O.I. is there and again as usual big fight is expected there if Nifty shall try to cross 5200 +++ :) Ek ke bad ke naya observation shuru karvana ye market ki khasiyat hai..:)
very true mynac,
today is classic day... 30mins TA price flirted below 5106 for close to half day & then boom !
5194 if crossed, will show multiple highs...
If held, will take us back to 5100
Kumar Sir,
Kapda utaaru rally ya kapda faar rally! :)
DR sir
aaapke liye
http://glosticks.co.uk/411-400-thickbox/frosty-beer-mug-ice-tankard.jpg
@ DR sir
Thank you very much
Gr8 going
@DR
what was last rise bank nifty high sir?
thanks.
eyes need to be trained to monitor
123 pattern
Kumar Sir
Lolzzzzzzzzzzz
KUR = KAPDA UTAARU RALLY
CCooldent
come on stage and accept this award
http://rlv.zcache.com/worlds_coolest_stock_trader_card-p137973439039186590z85cd_400.jpg
jnsr trade part book here?
10184 BNF
@ anmpatel
Dear Shriram,
and in these types of situations,our market used to decouple from world markets for very short time and behave on it's own way and who knows,this time, to take Bears pants fully out Bulls may try this old formula...:)Dear kumar is leader there.:)
Kumar sir,
Ab chahe kuch bhi hove, BULLS have taken command
kal agar 5100 ko girta bhi hein, even then it may b a corrective ONLY !!!
Mostly all JN members are Bulls I think!
Love & Light to All.
PT - 5200 may dream 5280/300+++ is it possible will the biggies allow is a "Q" . if 5200 taken out then the rally may be "as said by Kumar sir"
so now "i am with you" :) with SL of 5176 closing basis. another bout of "hammering" not ruled out. technically it's good close only "protect my SL it should not hit" if wants "teddy atleast"
Julios - OMG v crossed - என் வழி தனி வழி??? :P see now i am "different"
@sujatha
remember 5170...exit from back door...good one!
J.R.Julius said...
Mostly all JN members are Bulls I think!
Love & Light to All.
===========
Its not so easy
still few must have bought
Kanyakumari Exp ticket
and waiting on Platform for their turn
Dineshji..i m first time long after few months..meri trade ki laaj rakhna...
I think this rally is to trap all the bulls. This leg, would it be worth missing?
Anil - :) :)as crossing of 180 is hurdle definitely..if i miss the rally no probs will catch @ short as per my own rule i booked out technically it's strong only ..
but scared now.. the it's moving may hit my SL??? on EOD :( :(
Sujatha
Now have to take a vacation if 5239 gone
bizagra
I kg Petha lagey ga, Parshad chandana hogga
tabhi Kirpa barsey gi
Yes mynac,
Market is purely buy on dips now...
5DEMA up, trading > 5DHiEMA
5190-5200 is the level to watch , only there a u-turn is possible, and if it comes, it shud be treated as a corrective only
Dear Sourav Kundu!
Hats off, u r one of the most dedicated JNSAR followers.
Dear D R Ji! Right word KUR, it looks like that & JNSAR is also with Bulls:)
Dear Shriram! Aap der se aaye, JNSAR ne to sell signal diya hi nahi tha...Fir bhi der aaye, durust aaye:)
@ DR sir
hahaha lol !!!!
@DRji Is chadaevae kae liyae to har haftae tayaar hoon..:)
Dear DR,
Very true.. still even there is not any sign of any intra NF O.I.deletion is there.Yet no sign of any intra short covering..
@Sujatha Ma'm/ Mynac: Nifty making higher & higher supports 5050 first, 5100 now & now I believe 5150/60 will be the next support. So my initial tgt of 5350 for expiry becoming a reality now. Look at 5100 & 5200 put OI additions.
Another factor that I have found reliable is master's lead indicator chart. Notice that during this rise, nifty is resisting its entry into the oversold region & making more U-turns. This indicates strength of the move. I expect another 10% rise from these levels.
Please provide your viewpoints.
kumar sir,
Mera to aaj SAR ho gaya , SLed @ 5126!!
Now waiting for a Dip to go LONG :-)
bizagra
mujhe diabetes ho jaye gi
once is sufficient "har haftae" not required
@DR
sir when to partbook....
or sit tight as going to close above DHEMA and tom is week end. weekend trend is up!
pl guide.
thanks.
Dinesh ji,
u r not alone parshad to hum bhi khaa lenge
PT -based on shorter T/F AND MID T/F i took short with TSL reason - somany . let me see this rally becoz of 30/hr time frame??? thing is i should hv enter in July puts did mistake :(
anmpatel
never hesitate to book profit, if you are satified even with small profit
but next entry should be when you get right setup
Dear Prabhat,today's price movement & huge 22 lac Intra NF O.I.addition is helpful for your views but hope so you would like to book atleast part profit in between there.Good luck..
DRji aapkae kae liyae sugerfree banwa dangae..:)
Hari_Hyderabad said...
@ DR sir
Thank you very much
Gr8 going
========
Mr. Hari I would like that you share with everybody your trade setup.
Kumar Sir,
Thank you waise aapne bahot badi baat bol di hai. :) I am a foolish follower of JNSAR and whenever I've used my head to trade I've paid.
@dr
ok. got it. i am holding full will book part at opening above 10184. little hope. thnks.
@Sujatha
No risk already entered in july puts since volatility is low got cheaper and now near expiry
volatility increase then hurray in july puts
Thanks and bye everybody...
Bye everyone, be ready for possible gap up opening tomorrow:)
Gap up tomorrow most likely for 5200<>5300 expiry. ECB meet likely to cut rates. :) Yenu amma naaledu menu decide maadi.
bye guys, past 2 trades for me have seen SL pops...
need to set the records right in june expiry !
@ DR sir
Ok sir, with your permission I am giving my trade setup here.
On 60 mnts. chart I have put Stochastic Oscillator with default settings. I have bought on crossing of green line above the red line in Stochastic with stop loss few pts. below day's low. Presently my trade is in 65 pts. proft. Thanks to DR sir and whole JN family.
Happy Gurupushchamrut to all.
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