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 ...
48 comments:
hourly HA for increasing to 5782.45 for this hour.
nifty has to new high this hour otherwise intraday consolidation continued.
Hi Atharva. I have a question, you mentioned PSC for IFSY is 2589. However when i am looking at the closing price of INFY Oct Series future on date 27-sep 2012, I am getting 2,532.05. Could you please suggest...
Squeezing of the 5700PE is over,,,,
@Master,
As you say if Infy break 2525 before friday,
than rounding top conf.
So if not break today than can we will assume that Infy's rounding top pattern is fail???
rel did reliance infra came out of flag today ... for more upmove
@ rajapvt said...
Squeezing of the 5700PE is over,,,,
what does that mean??
test
itana sannata kyu hai friends!!!
john merits
Mushkil hai Lolzzzzzzzzzzzzzz
Sharad@ I gave spot closing price of 26th sept..
If you are looking PSC for future then fig is correct 2532.05
Okie...Thanks for the clarification.
I have simple calculation for PSC based trade..I follow master + 50 pts concept ...FOr NS.. closing price on last expiry is 5649.50 round off 5650...Now keep a note of price movement @ 5650+50= 5700, +50 = 5750..now today till time stuck below 5800 which is again 5750+50,, it is so amazing that in each serires NS forms a price cluster around PSC price + these 50 pts & so on..
& NF PSC 5684.30..today till time high 5834.40..it is the case in each series..Masters # most of time evolves around these nos..like EW 1st tgt 5799..so close 5800NS..
its getting interesting..
Master said : 1st wave:5216 to 5375=159 points.
5th wave:5640 + 159 = 5799.
If 5th is taken from 5694, then the target is:
5694+159=5853.
thanks for daily nifty updates... nifty alert
so close to 5650+ 50 & so on...
Will Sachin make Century today?
Say "AYE"
stock4sure: will you be trading this - ww which is apparent in most of stock like LT SBIN, BN
AYE AYE
A senior citizen drove his brand new Corvette convertible out of the dealership.. Taking off down the road, he floored it to 80 mph,enjoying the wind blowing through what little gray hair he had left. "Amazing," he thought as he flew down I-94, pushing the pedal even more. Looking in his rear view mirror, he saw a state trooper behind him,
lights flashing and siren blaring. He floored it to 100 mph, then 110, then 120. Suddenly he thought, "What am I doing? I'm too old for this," and pulled over to await the trooper's arrival.
Pulling in behind him, the trooper walked up to the Corvette, looked at his watch, and said, "Sir, my shift ends in 30minutes. Today is Friday. If you can give me a reason for speeding that I've never heard before, I'll let you go." The old gentleman
paused.
Then he said, "Years ago, my wife ran off with a State trooper. I thought you were
bringing her back."
"Have a good day, sir," replied the trooper.
"AYE"
DR double century to ho chuki hai...ab?
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAH:5764, POC-5756, VAL-5748, WVAL:5688, Pivot:5761, R3:5812, VWAP:5820
5700 Level looks more or less secured by the Bulls, now they have their eyes on 5800, but its still long way to go, maybe a few days of consolidation again could set in….
Thanks & Regards
(iii) of iiird of 5th is being done following which "iv" th wave may unfold for the rest of the day to set up the vth wave for Friday.
Sub-waves labeling is a challenging task. Follow it only if you can manage the "changes, if any".
HA open increased to 5789.21 for this hour.
Dear Ilango Sir,
Do you see any Weekly channel resistance @5829(NS)?
Correction:
(iii) of iiird of 5th is being done following which "(iv)" th wave may unfold for the rest of the day to set up the (v)th wave of iiird for Friday.
Sub-waves labeling is a challenging task. Follow it only if you can manage the "changes, if any".
sanjay sir,
5700 Level looks more or less secured by the Bulls, now they have their eyes on 5800, but its still long way to go, maybe a few days of consolidation again could set in…
5800 is already conquered
i guess you mean 5900
DR,
Now? Now?
:)
@ Prabakar ,
If a channel is made using 4770 & 5033 lows, the resistance for the same comes around 5830-40 zone for the current week.
If uptrend persists, the channel resistance will be higher for the next week.
Thanks for clarifying Ilango Sir. channel was made using the low of 5033.
@master
i have sent u an email...(sub : please check this out- AK)
please check it out sir if u got spare time...
@dr
when will this comes?
http://thecommonwealthtimes.com/12000-unique-visitors-in-one-month/
@stockgrp
now it will saying NA aau. NA aau.
hourly HA open hit. now time for consolidation.(time correction)
i guess this intra correction will be completed at 5782ns and 11615Bn
Sir,
0.236% retrace is done @5786 for the move 5716 - 5807. Can long be initiated here ?
anmpatel
we will celebrate Diwali @ 12K
since last few days nifty is showing some correction during mid session and open and closed session favouring bulls
fingers crossed for another round of upmove
DR sir,
Diwali to bahot dur hain.. sirf 400 points ka addition....
Intraday congestion zone was @ 5780-85 could produce a minor bounce.
Following are the retrace zones for the rise from 5716 to 5807:
38% - 5772
50% - 5762
61.8%-5751.
Kiran
SENSEX :D
Zalak for weak bulls
ns tested morning lows at 5778
New Post Done.
Litmus test is passed....
@Dr
diwali to bahot dur hai sir.
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