We decided to follow the market using "Pivot table" this week. Reading through the write up would have given the trader an edge to makethe first successful trade for the day & the week.
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...
12 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.
Namaste Ilango Sir & Blogmates,
Bearish: Bears dominated the day’s proceedings, but seems like they went easy during the dying minutes of trade, but have captured 6000 level for good, Bulls need to come back fast as time is running out for them..: Option Analysis for 03-06-2013
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Thanks & Regards,
Sanjay Kr Jaiswal
@ Ilango Sir,
When you say weekly trend reversed. Are you expecting a pull back rally from here ?
Sir ILango ji thnx very much for the 5 min. chart update thnx
Thanks a lot master for your teachings & efforts, please accept my gratitude.May God bless you.
Master, is there any specific reason for going for pivot? Are we reaching a bottom for short term now?
@rajapvt,
I think master wants to stress that all studies can lead to profitable trades if you understand and apply them correctly.
My guess is, this is his way of enlightening us not to be in a eternal search for a holy grail.
Oh okay ITFPD. Thanks, matter of applying the learned technique, all lead to the same.
Dear rajapvt,
My understanding:
Today was the first trading day for month,week and Day...so the pivot 5956...
And trading (Firm)above pivot shall be first sign for Nifty to travel towards DLEMA..so pivot has it's own importance ...Nevertheless...yet..charts does not suggests any concrete reversal from here..let us see..GN
@rajapvt,
if you notice, last week, master pushed into making our own pre-market views.
Now he is taking us one step further.
Before we realise, we will be reaching our destination.
I click Just Nifty after 5 days and it greeted me with a pleasant surprise.
Illango Sir wanted to give Pivot a try. Though, I know he has faith and believe in all kinds of trading, the only ask from his side is to stick with the method you have chosen.
These days, I am also trying to sail through Nifty with the help of Pivot. I never try to write much about this on Just Nifty because I feel it's a group of people dedicated to research JNSAR. I am confident Just Nifty readers will surely gain through this method also. And Illango Sir again prove the same mantra Stick with your strategy you have chosen. Looking forward for new theory in this trading with the combination of other methods.
Yes, ITFDP. making the newbie to walk on their own with each step.
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