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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
37 comments:
Hindalco day chart:
5th done. corrective 'a' done, corrective 'b' is running.
Hrly chart:
R2: 131
R1: 130
PV: 129
S1: 128
S2: 126
a close shave of crucial numbers.
Good Morning Sir and all the Gems of JN
wish you all the best!!!
regds
Thanks Parimal, really appreciate the help.
BhartiAirtel: on a rampage followed by reflex point, 3rd is raging.
hrly chart forms a contracting triangle.
sir
A classic eg of how fib 61.8 works to confirm a 5wave impulse retracement. it tells us of more upside before downside possible.that is ABC over.
Alt if it breaks then A over B in progress and C pending or a new impulse down has started and we could have a deeper correction making it a critical level for bull bear divide
Good Morning Master and All
highest addition in PE 6000 till now. Is 6000 level becoming some support for this series ?
Sir
Fibs should not be used to predict . they serve like the lighthouses to sailing ships.
they do not give directions or locations. They simply warn of safe distance ignoring which ships can run aground.
jai hind master , dr ji n all
master nf and bank nifty future high ver same till 1000hrs .but today no mention of part booking of longs pl explain if possible
GM Evrybody
Respected Sir and to all the blogmates,
Namaskar
Ilango said...
@ anmpatel,
The current upmove from 5941 hasn't had a correction more than 20 points. That is a major clue for re-buy. Only when the price gets violated with a fall of more than 20, then we look for other emas or 21/34 hr smas for re-buy.
The moment you spot a close below DHEma, take caution.
January 15, 2013 at 3:13 PM
-------------------------------------
Observation-
Today the low is 6038.30 and close was 6057 , the difference comes to 18.70 point only, also 61.8% is saved. Though the hrly close is below Hrly Dhema but not below Daily Dhema.
Dear Amol Sharma,
AS Bulls are left with no choice to keep Nifty always up and above DHEMA,to keep this trend up,they are fulfilling their duty.Nevertheless long 11 Days to go for expiry when month,week T A file is heated.NF O.I.around 1.50CR.is not just enough for sustaining rally...as per thumb rule,the buying in cash should be reflected in NF O.I.by way of addition is understanding. So let us see...
ilango,
can u please share ur views on punjab national bank
thanks
to add to Sirs morning comments about being bold
In speculation there is value in Mirabeau's dictum: Be bold, still be bold; always be bold."
@ sandeep,
Trading range is given in trade table with a suggestion to trade the ranges and hold as per EOD close signal; Nifty reached almost the 6059 (@ 6056).
Weak below 6029 for larger correction.
@Ilango sir,
What is the tgt for extended C.5 from 5548?
moneycontrol.com does not show FII data for 07th Jan and 10th Jan.
What is the FII cash data for those days..??
Gm to Master: Sir today it corrected more than 20 pts..but still holding 80% fib 6029..Do you suggest a buy...Thanking you
Ilango Sir
FII cash data for 7th January +1251 crs on 10th January +868.9 crs
source http://www.sebi.gov.in/sebiweb/investment/FIILatestSE.jsp?period=month
7/1/2013 963.05
8/1/2013 887.38
9/1/2013 848.95
10/1/2013 249.5
11/1/2013 825.17
10th Jan
BSE:+350(16165)
NSE:+106(4849)
MID:+119(5451)
SML:+153(5996)
FII:+324Cr
DII:-115Cr
Master
FII Cash Data:-
7th Jan 2013 Bought 963.05 Crores
10th Jan 2013 Bought 249.5 Crores
Regards
@ Nilesh Patil,
There is a possibility C.5 is completed @ 6069 yesterday. We'll know it in the next 2 days.
If holds 6029 & moves past 6069, it could target
the 1st resistance zone of 6135-50. Only above 6135-50, one could look for more highs of 6280/6330.
If fails to hold 6029, it could still attempt highs if it can hold 5990-6005.
The reliable signals would come only on EOD close prices.
There is a "Tug of war" between FII data, VIX low readings V/S Technical set up which is on the verge of reversing(Still "UP").
A FII sell data & VIX sustaining above 14.16 would be the early signal along with "earlier discussed TA signals".
10/1/2013
BSE:-3(19663)
NSE:-2(5968)
MID:-35(7265)
SML:-41(7574)
FII:+249Cr
DII:-433Cr
Master sorry earlier one is of JAN 2012
http://www.sebi.gov.in/sebiweb/investment/FIILatestSE.jsp?period=month
7th Jan: 1251 crs
10th Jan:869 crs
@ Atharva,
Our suggestion has been "Sell on rises", coupled with a 5-completion @ 6069.
Since 25 point correction has exceeded, one should look @ 21/ 34 Hr sma zone & technical set up at that time for a re-buy.
Parimal said...
BhartiAirtel: on a rampage followed by reflex point, 3rd is raging.
hrly chart forms a contracting triangle.
January 16, 2013 at 10:22 AM
Good find !
On EOD charts 5 waves are about to complete it will be a good buy on retracement for positional / investment.
Yes sir missed this 21/34 sma..thanking you once again..
http://www.sebi.gov.in/sebiweb/investment/FIITrendsNew.jsp
FOR DETAILED FII DATA ON DAILY BASIS
Thank you for the FII data.
(I generally look in moneycontrol page only. You have given more reliable original sources)
FII Buying in equity in tune of 249 cores and DII sold 433 cores in cash segment in 10 th jan
FII Buying in equity in tune of 963 cores and DII sold 901 cores in cash segment in 7 th jan.this data collect from braesh tech
Jeetendra: Detailed link is looking good
Thanks Master
New Post Done.(With EW sub-waves)
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