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....
-
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor... -
If the steady FIIs inflow reflects in the prices, 5405 should be protected going ahead and market may encounter minor corrections and keep m...
15 comments:
I would like to express my sincerest gratitude to … ... Ilango Sir,
from your guidance, great kindness and patience and
I wish to say a heartfelt thank you.
Came in late...
And NS has closed <5WkMEA
Anyways, last hrs action on 5mins NS, reveals a +WW,
so monday can see a small move up to 6010-20 zone...
This entire zone 6001-6050 is a RES,so if OTM CE writers get active,
wud be a gr8 place to go short again..
Can we consider PIN Bar candle in Daily, for Nifty and Bank Nifty ?
RIL finds biggest gas reserve so monday reliance can pull the market alone
Small write up on Identifying Support and Resistance. Please note i have take help from CMT prep materials : Click Here
Julius sir,
Today CAMERIALL gave 140 points. 70 points in short trade and 70 points in long trade.
Sir, I like to know who developed this method for trading? How did he/she get idea of doing so? Is it just like pivot trading.
@Mr.Anadha,
Check your mail
Namaste Ilango Sir & Blogmates,
Bearish: A consolidation day after huge down move of the previous day, but the CE writers are firmly placed at 6100 level, only a move above 6010 can see some positivity else retest of the lows is possible, Sell on rise continues..: Option Analysis for 24-05-2013
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
@Sanjay Kr Jaiswal Sir,
Thank you for your dedication and commitment to Option Analysis.
Regards,
Adrian Karot Joseph
.
businessline on nifty....
Nifty (5,983.5)
The Nifty too declined to an important short-term support level last week at 5,941.
The halt at 5,936 that is close to this support implies that the short-term trend in the index continues to be up. Reversal from this support can take the index higher to 6,229, 6,338 or 6,401 in the week ahead.
Short term trend in the index will not be under threat as long as it trades above 5,763.
Short-term investors can therefore continue to buy in declines with stop-loss at 5,750. The medium-term trend in the Nifty continues to be up as the uptrend that began from the trough at 4,770 continues to be in force.
But the index is reversing lower from critical resistance zone.
This implies that the correction can extend to 5,660 or 5,500 or even 5,330. A sideways move between 5,500 and 6,300 for few months will be construed as positive from a long-term positive.
The index needs to close below 5,330 to make the long-term outlook negative.
Such an amazing way to look at life: "Your enemy can be your best teacher" Dalai Lama. Perhaps we don't have any enemies, just teachers!
Risk more than is required. Learn. Grow. Be strong. Show courage. Lead. Serve others. Repeat!
Coca‑Cola is the second‑most widely understood term in the world, after 'okay'
can we buy reliance call option and benefit dear friends !
RELIANCE BUY ON DIPS FOR 4 TO 5 % GAIN
May 26, 2013 8:50 pm · by Kailash Chaturvedi · in STOCKS
Reliance strikes new, rich vein of gas in KG chal reliance oopar ko !!!!
http://www.dnaindia.com/money/1839207/report-reliance-strikes-new-rich-vein-of-gas-in-kg
gud news for it …buy on dips for 4 to 5 % gain within a week … closed at 785 …tgt 820 plus
keep stoploss at 758 closing basis add more on dips up to 760 with sl 758 .
for intra trades ….trade according to intraday trends
spotted bullish harami ..
triple bottom at 760 64 level
Trading at lower bollinger … bouncing is possible as falling momentum is not there .
wise decision is to go long on this counter ..
news and technical indicators are supporting buy/ bottom fishing .
There was once a wise man who lived simply. His spartan food habits reflected this. He had a friend who, being a sycophant of the king, lived in great luxury. One day this friend called on the wiseman while he was eating. Looking at the food, the friend said, "My friend, if you can please the king like me, you will be free from this wretched food." The wise man smiled and replied, "My friend, if you can be pleased with this simple food, you can be free from the wretched job of pleasing the king."
-- Anonymous
Post a Comment