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 ...
44 comments:
We found the top(Resistance-5718) at the open yesterday.
We find the bottom (support-5605-15) at the open today.
If this low holds, an attempt towards the green falling wedge would be made.
distribution on the nifty counter is almost complete, with huge volumes having been sold/shorted into in the past few weeks. The uptrend is but a few points away i feel. If it starts to pick up, short covering at every stage will occour
5610 spot sustaining will render the market upwards. shud it be breached on a closing basis, with few unimportant supports towards 5573 zone, the mrkt is further likely to stall n fall towards 5437 spot
Namasthe ilango sir and friends,
Happy Holi…..
Holi Dahan is a
Festival to celebrate the victory of Good over Evils.
Let us identify our own self…..Who am I..???
Let us burn out all our ill-wills and hatred during Holi Dahan
Let us live with colours of Joy, Forgiveness and Forget, Love and Be loved.
Celebrate Holi…..
Wishing for the canvas of your life has some bright colours
With lots and lots of shades of Joy, Love, Happiness & peace…!!!
@Chetas,
Pls Check your mail.
Nf So Far with in yesterday close 5645.
ORB high was 5641, tried to break it after 10.00 but resisted at yest. close 5645. So a resistense developing between initial range high 5641 and yesterday close 5645, the next resistance is VAL 5658 ,
support at 5634 yest. low, and day low 5619.55.
Since price is below VAL, the yesterday downward spike seems to accepted
A Secret Scrolls message from Rhonda Byrne
Creator of The Secret Movie
If you are complaining about things in your life, you are on the complaining frequency, and you are not in a position to attract what you want.
Get on to the frequency of good with your thoughts and words. Firstly you will feel good, and secondly you will be on the frequency of receiving more good.
dear Julius,
Thankyou so much. I will read the material, tomorrow being holiday, I have something useful to do
:))
GM master : What is ls for conservative short? Thanking you
SL**
GM Master & JN Family,
have a gr8 day!
Good morning master and blog-mates.
Julus sir thanks so much for a excellent message.
@ Atharva,
If you look at the TT, there is one number has a most significance to alter many T/Fs.
"5687". A close above it, would read as:
Closed above all Low emas........"Pause in all T/F"(though month/ week have a day to go)
Closed above Day/Hour Close emas.........day trend turns up.
GM master,
SL for Consevative short taken at 5641?
Got it
Thanking you..
Day JNSAR number is sliding down at a faster pace
GM sir nd friends :)
Happy Holi to all JN-mates.
Julius - who's hitting the ball on lower side especially on the "slip side" howmany times i have to catch..these lower catches are very sharp.thanks for the "frequency" msg. now what is the nifty frequency?? high frequency or low frequency? who's controlling it's wireless??
patel ji - come for rescue..nifty badly need intra "dextrose" pls provide atleast 2-3 bottles :)
@Ram,
Seems u need people to acknowledge ur existence. That's why u appear time n again (after being shooed and booed away innumerable times) to show that how brilliant u are (according to your own self) with ur predictions and want people to acknowledge ur supremacy (if at all) GROW up Dude
Emotions in trading: http://i.imgur.com/obQLeik.png
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5665, S1-5614, R1-5697, ATP-5637, VWAP-5637
Seems like Nifty is expecting an Expiry within the 5600-5700 range with NEGATIVE BIAS…
Thanks & Regards
@suja sis
me short, so why should give energy drink to nifty?
but wait let me cover march short at little lower then only give it albendazole (21hour SMA)only so i can sell April future.
lol
thoda sirji - 85/89/91/700 then let me decide tomorrow is "full moon day" mkt holiday. am not able to imagine expiry close is much below..........let me see @ EOD today for a clue
Suja:
wen will u administer Dulcolax ? am waiting ;-)
@SMo
lol, after expiry
Master,
Why buy signal in Hr lead indicator (green arrow)shown though 11 hr closing < Hr ema, Hr high ema,Hr JNSAR, Hr J10SAR
@Sujatha,
:) NS frequency below Below Hr.Low EMA.
However keenly watching H3 & PA.
Awaiting for the frequency to be activated
Sooooon..........
a small bearish WW developing
pt5 formed near 5649ns
may hover in 5639-49 range for sometime and then may dip towards trgt price of 5625-21 range near 12.30-1.00pm
Master,
Can I have SBI TA file latest?
@ N.Ram,
Didn't we request your absence here.
Didn't you bid "Bye" to all.
You still do not understand what "we" are trying to accomplish here.
Please...for the last time -
"let" everyone make money using their capabilities...
"Let" them learn to manage their emotions.
5min Chart TL SUP@5640
[NIFTY FUTURES]
N Ram,
Only a shameless person can do like this..
Master,
Why buy signal in Hr lead indicator (green arrow)shown though 11 hr closing < Hr ema, Hr high ema,Hr JNSAR, Hr J10SAR
Sir,
above 5786 NS, conservative trade reversed ?
Master,
Kindly update Nifty & Banknifty TA file from ur end as graph is updating in TA file u last updated for 20th March?
Master,
Kindly update Nifty & Banknifty TA file from ur end as graph is not updating in TA file u last updated for 20th March?
Sir,
One more thing. from low 5618 to 5650 there is a 5 wave structure. Above 5650 wave subdividing and signifies some ST bullishness ?
Sorry Sir, above 5687 NS, I meant.
@ prakashbkc,
Closing above HLEma and turning up of Hour lead indicator could be taken as an aggressive buy signal for intraday purpose. It works on most occasions.
Waiting for "Buy signal from HCEma" for intraday trading could be too much of a "Lag".
When you combine these technical readings with the "Pre-Market's supports & resistances", the trade set ups would be highly rewarding.
New Post Done.
intra rise seems to be hiFreQ in nature, Dev. Dlo is resisting...
56PE & 57CE have highest OI intra...
Looks a sell towards Static DLO / Dev.DLo / 30mins candle cluster @ 5683-86
5638 and 5647 are levels to watch now
21ema and 55ema in 5 min charts
ns has been trading within this range for some time
is it time to show some holi colour???
red or green
sir ji,
please if you could elaborate on
"trend is spent" & "be still"
thanks.
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