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 ...
32 comments:
GM Master & JN Family,
hahah.. super ilango ji , u hv turned the "stone into a mile-stone" here :-P
@ N Ram : The blog-owner has every right to accept or reject our comments, after all its HIS BLOG. Pls realise that today's REALITY is JN readership is not hinged upon his TA alone.
And the best way to "educate with ur TA" wud be to come up wid a blog better than Ilango's. Ppl will automatically flock to good Quality
Why get judgemental & over-critical ? No human is perfect, NO ONE. But the mature way to win over a situation / win the battle, is by taking +ve & Creative Action, not this way
Lets make the best of this one life, with discipline, & hardwork :-)
@ ankita,
Our pref. view is that a "Significant Top" has been made @ 6112 and a larger fall is underway.
This EOW & EOM falling on the settlement day, we look for "Continuation of month trend with a close below 5772 (or 5843-5 mth sma)".
The technicals is positioned "downwards".
This current counter trend rally emerging from the oversold day TA, if able to make a dent on the week TA, the bounce could last for 2 or more weeks.
The nature of "Upward prices" would also have clues.
In times of conflicting views, use JNSAR to effect trades.
thanks master, every clues ,hints ,guidelines are helpful.
Namasthe ilango sir and friends,
Today's quote received :
To live a creative life, we must lose our fear of being wrong.
Hi Friends,
The option EOD data on 22/03 indicates a trading range for today with boundaries between 5600-5700. 5700 CE being written with increase in OI by 18%, so bearisness with 5700 being top.Similarly 5600 put being written with increase in OI by 14% hence that's the short term bottom so far.
80 % guidelines works also in gap-up
or gap-dn operations
Master,
market slipping again < Dev. DLo, to be seen as weakness of bulls or a temp. lull ?
GM Sir any fresh guidance for conservative traders ???? thanks
gm master, dr ji, julius sir n all
Good Morning Mr.Sandeep, Have a Profitable Day.
Julius - கடவுளே மக்களின் மன நிலையை என்னத்த சொல்ல, தனக்கு ஒரு கண் போனாலும் அடுத்தவனுக்கு 2 ம் போகனும் ரொம்பபபபபப கஸ்டமப்பா 5683 ஐயா நிக்கலன்னா மறுபடியும் 57க்கு போயிட்டு வருமாக்கும் கீழ போகாம இருந்தா சரி இம்சை
anmpatelji - where r u ?? give Albendazol for "nifty" there is some problem it seems it's not eating properly and not growing :P
@ all = pls. hold niftyyy and take only on upside will join @ noon session or EOD
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5673, S1-5638, R1-5703, ATP-5704, VWAP-5704
Reversal Level for Nifty comes to Weekly POC at 5753, the 5700PE writers for the time being are back, but will they sustain till EOD…
Thanks & Regards
Goodmorning master and all friends,
The focus to be on Expiry with only three days to go for March expiry.
HOLI..days to pay well to Option writers....
@Sujatha,,Albendazole is nowadays showing resistance to many organisms ..Best is giving enema once so that all the bad elements are thrown out and then start a consistent growth with lot of nutrient rich diet...
longs are safe till gap is not closed
Friday, March 15, 2013 Nifty Pre-Market View.
prakashbkc said...
Everyone is making money,
I m not able make single penny
but loosing much
What a luck????????
Hi..Prakash,
If success eludes you, look within to know its reasons.
The primary one being concentration.
Are you hearing too many voices...telling you contradicting views.
There are opinions abound in the market place and they are too many.
To make money in the market, you just need to be steadfast with "one voice"..."one study"(initially)
You will not go wrong.
To have that concentration, you need to believe in your studies...develop a faith.
And never let go off the "total picture".
Part booking is the simple strategy in the midst of "uncertain market" which it is often times.
You do not need luck...you need self confidence born out of faith & focus.
Making money is the easiest thing, if you remove the "I"...., surrender...and start following.
GM Master, seniors & JN blogmates,
One week before I m on loosing side, not understanding fully market.Assembling myself in week time coming brushing my study further reading various seniors's comment I came to know my fault.
Fault is clear that I m not understanding fully "How to follow the market that Master keep on repeating" ratherI go on predictive way to read the market; Not taking new signal emerging in market into consideration, Not understanding fully different timeframe emerging signals.
Now I myself upading TA file trying to understand it in piecemeal way helps me.
Also, I soughthelp from DR sir, he provided important rules for swing JNSAR trading.Also Discipline focus sir gives valuable input on JNSAR trading. Sujatha mam gives importance to know direction of trading . Gauresh sir Swamji video. All these come froward to help me A lot of thanx to all of them above & also whom i unknowingly forget their name here to thank.
Overall, thanx to Master from my bottom of heart for his attention to my plight & his consistent guidance.Master , I will try to follow market signals as always ur hand is needed in this journey.
Prakashbkc
@Sujatha,
:)cool.
Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else; you are the one who gets burned. -Buddha
தன்வினை தன்னைச்சுடும், ஓட்டப்பம் வீட்டைச் சுடும்.
Yes. 5691+/5671- are my intraday numbers in Spot.
@ Suresh ji
Good One........Enema ?
Suj....LOLLLLLLLLLLLLL R u a medic by any chance?
hello guys good morning.... Nifty and sensex market sluggish today sure hot stock call..... Stock sure call
N Ram u are showing all signs and symptoms of ASPD (Attention seeking personality disorder) :):)
Chill man...Enjoy the market. U r so excited....Calm down.
a small bullish WW developing in 5min charts
ns may dip towards 5678ns near 12 noon and then may move up for 5695-5701 range
30 Minutes Chart
TL RES@5693 [SPOT]
TL RES@5705 [MARCH-FUT]
http://www.mediafire.com/?w6hhvnea8o8c2t6
@ llango sir and all my JN mates
Good morning and hava a nice trading day !
@suja sis
albendazole (21hr SMA) to kha chuki hai nifty, ab use jarurat hai Ornidazole (34hr SMA) and uske bad Sachnidazole (DLEMA) par uske bad bhi jo lorazepam (JNSAR) and diazepam (close below week LEMA) ka injection laga hai, to hosh sambhalane me thodi der lagegi!!!!
for me case is clear JNSAR down with last week close below weekly low EMA, ghode bechke baithe hai, jarurat padi to aur ek diazepam next week end ko denge, ya fir koi naya signal ka intzaar!!!!
aap lage raho ulta pulta, lol.
Nf again retested 5707.6 , yesterday high, but not a single 5 mt candle after 9.20 has closed above yesterday Nf yesterday high so far ,
sudden rise in VIX value from 15.04-to 15.30 cp
any significance??
we have first close after 9.20, in nf 5mts above yesterday high,
New Post Done.
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