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 ...
42 comments:
GM Master & all blogmates - M S Rao
Hi Good Morning Sir & everyone.
Sir, are you alright ? Is there any wrong doing by any blog mate here ?
You are not writing up pre market view or trade table. Your comments are not there during trading hours.
Is there any misunderstanding happened here ?
Good Morning Sir & Blog-Mates,
Have a Happy and Prosperous Day.
Magic Numbers for trading don’t exist, but a trader who can follow the trend using relevant numbers can do Magic.
Camarilla Keylevels - Nifty Spot
H4@5837 ↑
H3@5813 ↓
L3@5765 ↑
L4@5741 ↓
By watching Camarilla levels, You will start to Notice the Market in a new perspective. It is not a Holy Grail, But a Road Map.
Good Morning Master & Friends
GM Master & all blogmates - M S Rao
Good Morning All !!!!!!
R/Ilango Sir,Namaste n Namaskaar 2 all reader's.
Good Morning Sir & All Friends.
Namaste Ilango Sir and blog friends
LV
Good Morning Master & Blog-Mates,
Very good morning to all
Lets look at the key numbers for the day.
Resistance Zone - 5815-25 if managed to cross this then later 5888 will be crucial.
Support Zone - 5746-32 can lend some support to NS today
Weekly Resistance - 5803/20/42
Weekly Breakdown below - 5802 (Already Broken down on closing basis)
Happy Trading !
Good Morning Ilango Sir and All Friends
Good morning Ilango sir & all
Sir
Plan for today
-------< 5810 ~ 5871>÷÷÷÷÷
Namaskaaram GuruJi and Brother & Sisters,
Good Morning.
Have a Good Day :)
We are missing your Pre Market Golden Words :((
Namaste Sir axnd all friends
Nave a nice day
gud morning master and all frnds
Ilango Ji,
My Market view for today :
Nifty is entering into a support zone from 5765(61%) to 5725(Developing MLEMA). Nifty is OS in hourly and Daily, still there is no sign of OS getting over. If there is any bounce from the support zone resistance would by at 5790(200 DSMA) and 5820-50(50% and Dev LEMA).
My trade table as of yest:
Holding Sell from 5820 NS.
Thanks,
Renju.S
Sell on rise continues. Resell area would be 5820-30 NS or 5850-60 NS. Also need to consider retrace of 5914 - xxxx.
Waterfall continues next levels to see 5763 fibo retracement then 5725 then 5710-5701. hope best trading day with highest volatilty time coming soon.
Good Morning Sir and friends.
Abhi Ji,
Ilango ji wants us to be independent and confident enough to take the trade as per the tables. Lets put our view on the market and Ilango ji will access our performance. "LETS LEARN IT THE HARD WAY."
Thanks,
Renju.S
Renju Ji,
If that is the case, then np. :)
pre-mkt
ns:5742/5750/69<5780> 97/808/15/27/35
nf:5756/63/82<5793> 5807/21/27/40/47
Yogi's Pre-Market
-----------------
JNSAR Trend : Down (I plot JNSAR graph for underlying trend)
5-D below 20 and 35-D below 20...we are in good trend downwards.
Hence, Sell on rise is best strategy...Follow retracements for re-entry.
Regards
Yogi
Blog Members,
Clap Clap - 5765
Thanks,
Renju.S
Camarilla Update - Nifty Spot
Now@Scenario#3
L3@5765 ↑
L4@5741 ↓
Lo aa gayi 6000 PE @ 250.00, booked full.
DEAR MASTER,
WE ARE MISSING YOUR MOST IMPORTANT AND PREE MARKET GUIDENCE .PLEASE RESUME YOUR GOLDEN WORDS OF ADVISE,PLEASE...
NS S1 is 5757, bouncing from here
NS in the process of filling todays gap
Good one DKG, lack of confidence made me to exit the PE early. Keep it up.
Blog Members,
Fibonacci level if 5756 is not breached.
High - 5914
Low - 5756
23.6 - 5793
38.2 - 5816
50.0 - 5835
61.8 - 5853
76.4 - 5876
100 - 5914
Extension
138.2 - 5974
161.8 - 6011
Thanks,
Renju.S
Sir ILango ji charan vandan and everyone good morning
orb breaks in upside but not sure how much relevant is this in this kind of downtrend.
Camarilla Update - Nifty Spot
L3[BUY] reached partbooking number 5785
Sir/Blogmates,
I exited JNSAR position on friday as i am not available last 2 days.
Now my trading plan for the day is... Attempting Agressive Intra trades.
I trade in options, as my cash is 50k only.
Enter 12.5% of CALL at 5765 with SL 20 points
If SL hit exit; OR exit at 5835/50;
&
Enter 25% of PUT at 5835/50...with SL of 20 points
Add 25% on break of day low; Trial with cost price
Add 50% more on break of 5725; trial with cost price;
PS: Thanks a lot Ilango Sir, i took 50% returns in this JNSAR trade.
Will continue with same spirit.
Abhi Ji,
Would you agree if i say real strength is above 5835 to 5855?
Thanks,
Renju.S
todays gap is filled
Renju Ji,
In my opinion real strength is above 5860-70 NS (previous support region) or safer would be above 80% retrace of 5914 - xxxx ns.
NF 30mnts chart has developed a positive divergence
New Post Done.
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