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...
45 comments:
NF ATP=5900 & CMP=5870
Rochak Parekh
Thanks
can take Long Straddle (buy both call and puts)
let mkt go up and down (but move should be more than 2%) one can make profit.
@Parimal ,
Currently I am just observing and wanted to implement it practically.
My observation :- Taking A option Trade @ Conservative levels with only SL of 5 points is best way.
Partial Booking @ 50%-100% is most important thing.
Once in a month it gives a opportunity for 50% -100% returns.
Nifty future and SPOT done it's part. already mentioned 89 ema is good for "mid term" last time i bught nd got upto 5960. again bght now 89 ema is 5844 . + LBB monthly ema nearby. if jump comes cant get the lower price. hence i bght. now my closing basis SL is 5831.
Hi Nitin Kadam
thanks for providing clarity. i shall also observe closely.
Ilango Sir,
Request EW labelling per 19th Feb premarket view.
Can we consider this as Wave 1 of 3.
Raghavendra
expecting 6060-70 NF to complete abcde.
NF: today its fate will be decided by 100DMA.
Despite cut in Nifty, SunPharma and TCS are ruling firm.
sorry it is 5960-70; instead of 6060-70
< Wk Lo , < DLo, market is impulsing...
1st support zone, 1STd dev from Dev. DLo is near 5800-5830
@Master
In my observation/assumption, the market is getting down because of Budget announcement.
5800
hello friends,
now daily LBB calling 5829 with daily stochrsi 0!!!
Double bottom? any hopes for the falling knife?
@All,
Kya Ramki Sir ka Big 'C' 4445 aayega kya??
@Nifty Rider,
Green Grass Khaya kya??
one man made a statement he became crorepati while playing market, his friend ask how
he replied earlier he used to be arabpati.
Good Afternoon Ilango Sir and Friends. Evening star on daily chart in making. Implecation: Extreme bearishness in ST may be next 1-2 days.
Debdeep
:D
can ns break 5835 !!!
NF: though a retracement would be overdue, seems NF is prepared to close below 100DMA.
@sir
is 5 wave completing from 5970? asking for partbook.
thanks.
Sujatha Sis..
My SL was 5887 NF... where I exited position...
@Master,
at which level 5th wave possiblities nego.or @6112 is 5th confirm???
Friends
There is sun-jupiter square on Monday the 25th Fe., when last time sun-jupiter square 0n 11th August 2011, nifty lost nearly 400 pts, dow lost more than 1000 pts (US economy was downgraded byS&P) Please keep this in mind & trade accordingly
@ Jay Mataji,
Nifty failed twice to move back into the channel that it stayed for 8 months and hence, 5th may have been done @ 6112.
@ anmpatel ,
Trail by using the retrace of the last fall...from 5971 to 58XX.
(Mainly because of the potential of 3rd wave down).
Part booking as & when prices move far away from 5 DEma works well during normal times.
I'm not sure whether this is normal. Hence, the change in strategy. It is my opinion. Market has a way of changing them.
@Master mere aaka,
5th finished at 6112 than can we assume that Big 'C' start now????
@ Jay Mataji,
Replace "that" with "in which".
@ Jay Mataji,
One last confirmation from the market- to close the prices below "5812" on 28th Feb, the settlement day/ EOM.
SAM - huh..5887?? bach gaya..:) somebody is making gap for budget buying??? or more gap :P nifty future 5858 is last week low breakes then 5818/5772 is my target..but i never short the OS mkt..hence bght a little @ low even LBB also hit today is my "hit" day :D but "positional puts" 5900 29 rs. to 87 almost double (bght on 20th) closed that one
Suja sis,
i m short from morng.
wl cover in morng hrs tmrw coz some juice is still left as europe is bleeding.
m i right?
in 3 day 5min charts ns took supp at 5844 which is also a channel support
average closing based on 30sma is approx 5852-53 levls and falling
@Master,
Thanks for reply,
I M waiting for 28-2-13, for below 5812.
Than believe weekly Big 'C' start
double top and double bottom made
on NF chart
Cat is laughing on the wall
FII to aeroplane or helicopter leke ud gayi
Bichare indian ke liye to indian river's and indian sea full of water ke sath 6od gayi hai
Lagta hai stronge safety karvani padegi waha per
Bichare Ind....
kya bath hai parimal ji - sunpharmaaaaaaaaaaaa??? so strong
One can selectively buy March Calls from now for next 3-4 trading sessions. Buy each lot near crucial support levels/pivots.
Positional traders can accumulate 5900/6000 March Calls. Buy each lot near crucial support levels/pivots. Do not initiate 'basket' trades or accumulate DEEP.
Keep booking profits in the Calls...as and when you can.
Rgds!
SO SUNARKI EK LUHARKI
1st of (3rd) wave may have compleated at 5845...minimum target for 2nd wave 5870!!
By fibonacci
nifty close below INR 5892 and SR 5909.
http://www.moneycontrol.com/video/market-outlook/nifty-may-slide-to-5600-see-pressuregold-sushil-kedia_824426.html
http://terminal.moneycontrol.co.in/news/market-outlook/nifty-may-slide-to-5600-see-pressuregold-sushil-kedia_824426.html
@ DKG encouraging. I like falling market. One more reason is sometimes its provide opportunity. 5627 looks good area. But I think this year we will see dramatic fall in market till July and may be started.
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