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...
38 comments:
In fact despite at least three consecutive attempts, NS could not raise and hold its nose above 6100.
Dear Ilango Sir & Blogmates,
OI Table Update at 2:00PM, Pivot-6047, ATP-6036, VWAP-6037
CE writers still better off but not much aggressive addition at 6000CE, with 6000PE writers still holding on…
Thanks & Regards
Recently CNX Midcap and Smallcap indices slashed down significantly, yet Nifty did not do so.
Glimmer of hope for bulls may be coming Chidambaram presenting pre-poll budget
NF about to fill 1st Jan gap
all the gains of this year given in
5 trading sessions
NS violated 80% retrace lvl.
i.e. 6038/5983
80% 5994.
Sorry.
refer it as just near to violate.
Wow, 5990 broken, any other gaps left?
5969 (NF) is the earlier low made on 11.1.13.
5951-5982 gap is left
G.After Master & JN Family,
--> Ilango ji,
5wave C DOWN from 6112 , nearing completion, sir ?
sorry that gap of 5951-82 was already filled, mistake
On 5 mnts chart, 5 waves down seems to have been completed.
if close below 5990 there r cross over of 5ema to 20ema on downside.
in the last two years, whenever NS had touched the Upper BB, then break the 20sma on closing basis, it has moved down to touch the lower BB or atleast went ner it, since we are below 20sam, we may test the lower Bb.( i have not back tested based on data, just based on TT chart for last 2 years )
when we will reach Planet pluto (3) green above 6250
5977/5945 will be by 6/2/13.
Then may move up.
UM is wearing RED tie today. Anyone hoping a green close today :-)
@chetas
u r right, but BB suggest the possible range only...LBB is not far from here...5952? right?
Bank nifty below friday low.
Same may be for NS.
RIL, SBI & TISCO(OLD ECOMONY)
r in red.
Is it an alarm for big fall?
Anmpatel,
yes not far away, 5952 levels :), just shared the observation.
what is your view based on HA
@Anmpatel & Chetas,
On Friday, Ilango sir has mentioned that Nifty would likely test 50 Day SMA (5935). 5940 seems to be the near the uptrend line and 5 Day Low EMA. So, 5935-5950 seems to be the zone.
I am surprised why people are so bearish. After a healthy run up it is a good correction. But people here are commenting as if we are in for a huge fall. Finally it is a 10 points fall in Nifty only
5970, earlier low, if held fine, or else more cut.
@bb: Not so bearish, only upto 5990/595x-4x-3x range...
sandeep,
not bearish or bullish, just discussing the possibilities
Hi Rajiv,
Isn't that ok, considering that we went up to 6100 also very fast. I am sensing a bearish mood and hence this question.
Regards
bb
sorry, address to bb, not sandeep
@BB: For 10 points of so called cut, can you imagine the put price of 6200 gave O/C: 177.7/212 (as of now).
@chetas
today HAopen 6035 nifty made high of 6038 and from 12pm hrly candle all hrly candle has HAopen-high same current trend is down as per HA till reversal sign. matching with TT sell on rise. daily ha open is broken so it should be count as consolidation, but in hrly down down....for tom hA open value is 6021.5 below this down...DONT TRADE ON THIS IT ONLY SUGGEST TREND ONLY. thanks.
@rajapvt, i am also surprised. puts are giving more returns in this minimal NS fall. why ?
@Buy and Sell Nifty put more returns as NF premium has decreased it always varies with future price
By fibonacci nifty close below INR 6025 and SR 6034 .
@samona, thanks a lot for the reply
Master ji,
is it 6112..6042 (1) 6042..6071(2) and from 6071 is (3) ?
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