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...
34 comments:
Ilango Sir, though FII are buying in cash markets they are mostly selling in the Derivative markets except for the last couple of days where they have bought Stock Fut. And even though they are buying in cash the broader market is showing weakness along with most of the Blue chips since last 3-4 days. This is something which is confusing. Also the Advance/Decline ratio is flat. Should we ignore the FII Data?
@ SANPOT,
It is definitely a critical "inflection point" atleast for the short term of 6-10 days.
I would not ignore FII data and give it its deserving importance.
Sir do we see (a) 5 down complete and a (b) up or the correction over above 6044. please guide
Thank you
Ok Sir, thank you.
Ilango: Every rise is to book longs, can we also initiate shorts (with stoploss 6095)?
Afternoon Everybody
mynac
apna jhola kholo :D
@ puravi,
It resembles an "abc" presently.(6069-6038-6056-60xx).
More time needed to identify impulsive move.
Dear Dinesh bhai,
Saberese jo bharke rakha tha vo apane aap khali ho gaya :)
ab kya Rakshak (FII),bhakshak banenge ya nahi ? vo dekhne ki koshish rahegi.Filhal to vo us mood me nahi lagate...Thik hai,bich bhich me mauka milega to run churane ki koshish hogi...aur kuch nahi..
Sir ILango ji yesterday in pre market you had mentioned that nifty generated a buy signal @ 10.00 am close on 14 jan and eod , sir kindly give guidance on this ,thnx very much
In-spite of Hrly.weakness intra 6000 PE addition going on...
thank you Sir for the teaching.
mynac ji
one day they have to realize their profit
बकरे की माँ कब तक खैर मनाएगी
Friends,
any guess on the candle today , evening start developing ?
Getting RED coat ready...
DR sir,
my reading is sensex looks like evening star pattern developing not Ns, as opening was above yesterday close, by sensex opened below yesterday close, is this correct?
@ amber,
At 10.00AM Close on 14th, Nifty's Hour lead indicator turned up with prices closing above HEma.
At EOD on 14th, prices closed above all Emas.
Today, the opposite is happening.
sir,
yesterday nifty spot pattern "shooting star"???
time permits. tks n advance.
Today "Alanganallur Jallikattu" @ Indices - who first??? sensex/nifty/or BN
Mynac ji,
My understanding :
1. If i buy 6000 puts and price goes below i make money.
2. If i buy 6000 calls and price goes above i make money.
Question :
Addition of 6000 PE , does it imply people are buying on hr weakness expecting a move below 6000 ?
Raghavendra
chetas
after 2:30 we will decide, too early to comment
Bouncing off 21 Hr sma presently.
@ Sujatha,
True. The follow up price action must make a "Close below 5DEma or 5DSma" for the real effect to sink in.
"6011" is the key number, though a decisive close below "6043" too is a weakness indicator.
Chetas
pattern do not full fill criteria of ES pattern
http://www.investopedia.com/terms/e/eveningstar.asp
Dr sir,
thankyou verymuch
Dear Raghavendra,
It's tricky qus.to answer ...cause in-spite of addition it has given almost 40 to 50% returns to some buyers who bought it yesterday...Normally when PE goes up,deletion in it's O.I.is there but today sab Ulta-Pulta ,means "probably" writer for the same is sure about his power and would try to close Nifty above 6040 @ 3.30 Let us see..
In BN a bullish WW may develop within a chanell
pattern
pt3 of WW have been formed near 12705
may move up towards 12810-20 range to form pt4
then may dip towards 12680 near 11am tommorow which may also be channel support
then may move up strongly towards 12960 levels on friday noon which will also be channel resistance
@myanc,
ekada 6045 par karun dya. on closing basis :P
Mynac ji,
Thanks for the prompt answer....i am still a beginner in Options though.
You have provided inputs on different dimensions which i am unable to comprehend at this time, but will surely work on this and come back with more questions later :)
Raghavendra
Dear Nilesh,
Nange ko aur kitne nahaoge aur nichodoge? use kabhi to kapda pahan neki sahuliyat de do yar ! :)
Dear Shriram,
Nifty trying very much hard to save 34-30m EMA,which is 6025 @ present, and trying to cross 34-5m EMA (6034)to go closer to top....
Your observation Pl.
a small bullish WW developing(pt 5 have been formed near 6020) in ns 5 min charts
trgts 6042 near 2.45-3.00pm
New Post Done.
ns cmp 6034
if sustains abv 6038 will move towards 6056(double bottom pattern)
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