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...
13 comments:
why cant we get rid of these tipsters, ridiculous
@ Ilango
For the first time to day I am irritated and developed head ache by viewing the littering. I am sad.
Please accept the post after proper filtering.
LV
@Ilango
No one should use your niceness and post rubbish, just because they are allowed too,
DKG said...
http://www.moneycontrol.com/video/market-outlook/nifty-may-slide-to-5600-see-pressuregold-sushil-kedia_824426.html
February 21, 2013 at 4:32 PM
DKG said...
http://terminal.moneycontrol.co.in/news/market-outlook/nifty-may-slide-to-5600-see-pressuregold-sushil-kedia_824426.html
February 21, 2013 at 4:34 PM
Namaste Ilango Sir & Blogmates,
Bearish: “Bulls were unable to seal their mark on the OI table and are still not out of the woods, Bears can go for the kill anytime as they still have upper hand” – Was said yesterday, and Bears did go for the KILL… : Option Analysis for 21-02-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@Master,
Sincere request to enable "Word Verification" for posting comments. This can be done via Settings>Posts & Comments>Comments>Show Word Verification>Yes
This will stop people who use robots to post comments on high viewership blogs.
This will also act as a dampener for tipsters.
5600 Feb put has added 18 Lakhs OI at Rs.3.. very interesting. Option observers can you share your feedback
Dear Master
Please post JNSAR levels for Nifty50 stocks, Midcap50 stocks and BN's TT for 22-02-2013.
Thanks and Regards
CDG: Never bother about the CNBC/ MoneyControl. We have to be cautious about shorts now.
Posted possible moves for the coming days in my blog along with chart. I hope it helps.
Wish you Happy Trading
DKG Ji,
Thanks for the link. Certainly he is putting the cards on the table with all the sincerity. Thanks once again.
BEFORE READING THIS, REQUEST : FOLLOWING IS MY VIEW ONLY, NOT ANY RECOMMENDATIONS, DONT FOLLOW THEM BLINDLY, kindly apply ur calculations also, anybody trading on my following views will be trading on his own risks only.
markets are at a very crucial junction
LET ME TELL ALL OF YOU , WHY
BEFORE THAT, let me explain, i need views and reviews from all of you too
Metal sector - Yest. all major stocks i.e. tata steel, jindal steel and sterlite , all of them, very close to their bottom support gained huge upsurge in their volumes, these volumes were generated, when scrips were breaking earlier supports, which they made when nifty made a low of 5852 last week and all three closed a percent or percent and a half lower to the average they traded round the day
OFF METAL SECTOR, 2 scrips which did not gather volumes were bhushan steel and sail, both these scrips are in DOWN TREND, of which sail has last hope @ 75 ( which i believe sooner or later is gonna get broken, thats why there were no volumes in it yest. )
MY CONCLUSION - churning going on within metal sector in last 6 weeks or so, strong stocks i mentioned may bounce back from here only or may not go more than 5 % lower from here, whereas weak stocks may show a spike of 5-8 % in coming rally and then again shelve off their gains.
ADAG STOCKS - RELCAPITAL, REL INFRA AND R POWER majorly beaten down in last 6 weeks and all of them are at supports, may not fall more than 4-5 % from here and if NIFTY supports may give a healthy returns in coming months.
BANK STOCKS - weak structure, although may bounce back in coming rally of nifty, but dont seem to have any interest left in them for MT, after huge huge upsurge shown by them in last 12-18 months.
FMCG - as ever, ever green, itc pick of the pack , also nestle, and as ever, never falling asian paints, page industries etc.
IT stocks - satyam, infy, tcs, tech m, wipro, all looking very strong, although may retrace somewhat for their rise seen in last 2-3 days, but opportunity to buy
REALITY STOCKS - DLF very strong, same, retractment is to be seen, but will be buying opportunity, HDIL beaten down heavily is lying at supports, UNITECH weak but still not seen breaking its recent bottom of 26 in next 6 weeks or so, so risk can be taken
OIL STOCKS - all stocks including cairn,reliance , oil marketting, ongc, essar oil etc are on uptrend, cairn at good supports, these stocks may fall 6-8 % in short terms, but are close 3-5 % to their supports and are buy on dips
MY CONCLUSION
ALL IN ALL
markets are due for a rally, whatever u call it, pre budget or technical correction or short covering rally, but ALL IN ALL, break of last time bottom 5820 will create a huge huge panics in markets
and thus, MARKETS ARE AT VERY CRUCIAL LEVELS, STOCKS looking strong are close to their SUPPORTS levels, so if 5820 breaks THEY MAY EASILY choose to break those supports levels and people going long in them may struck for next 6-9 months AND stocks looking weak, may choose to punish traders , not identifying trends in them, may choose to shelve 15-25 % in them
OR
IF MARKETS DONT BREAK 5820, Strong stocks may choose to give healthy 20-35 % returns in next 6 weeks and weak stocks may provide a short recovery rally of 8-12 %.
OM SAI RAM
P.S - Trading on his own risk, if somebody following my views
Good morning sir & friends.
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