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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
22 comments:
any idea what will be the volatility of the market on budget time 11 AM
Today will be extremely volatile ,it's better to sit on sidelines.
watch out for Bank stocks especially SBI. BNF shows a high of 15,446 !
Day Low : 7559.40 Day High : 7607.25 Range : 48 Points Day Pivot : 7596 Hr. Pivot : 7582
Currently below Day Pivot @ 7596 and Hr. Pivot @ 7582.
NS well below D JNSAR @7683.
NS currently hovering around 7570.
NS in SAH mode in Hr. T/F & SAH in Day T/F.
Above 7574 above mode gets negated in Hr. T/F.
SAH = Sell And Hold
Good morning Ilango Sir and all the Blog mates!
Sir there is some discrepancy in pivot table.
A lot of focus is on budget and its volatility and the recent downmoves. Maybe we should also keep the weekly trend in mind considering the oversold hour.
Nifty Pre-Market View.
Aggressively Holding above 7560(2-Hr Low), Conservatively Holding above 7547(WEma), minor rally likely....
Aggressively Holding below 7654(DEma), Conservatively Holding below 7683(JNSAR), downtrend continues....
@ Asha,
Yes. I have corrected it. Thank you.
I have stopped trading, nothing goes as per analysis
Day Low : 7479.40 Day High : 7626.85 Range :147 Points Day Pivot : 7596 Hr. Pivot : 7597
Currently a century below Day Pivot @ 7596 and Hr. Pivot @ 7597.
NS well below D JNSAR @7683.
NS currently hovering around 7500.
NS in SAH mode in Hr. T/F & SAH in Day T/F.
Above 7571 above mode gets negated in Hr. T/F.
SAH = Sell And Hold
5 waves, may be done as 7807-7479 NS...now a winding ABC retrace , may be ?
Follow the Pre-Market levels to trade. These are calculated based on various inputs.
Holding the support zone at 7560-75(7559.40), Nifty rallied higher to the resistances at 7623-34(7627);
It got sold at the resistances(and holding below 7654-DEma), and moved lower..
For intraday trading, always use Supports and Resistances
Dear Ilango sir,
7626-7480 one set of 5 wave done? and should we monitor the retrace of this?
Focus only on the last fall from 7620 presently.
@ Aly,
Not clear yet. I prefer it as "3 waves done from 7620"
sir
right after breaking 21&34 hrly avg breaking i have shorted the market and below7550 more lots added now put an sl just above last lot i am in good profit day i like this type of volatility.
still how much correction will happen as per Elliot wave?
@ shreya puneeth ,
EW suggests the direction.
During a corrective phase, which the market is in presently based on Week & Day technicals, you will see volatility with prices moving in both directions.
Intraday traders, using supports & resistances, would make successful trades.
Being a larger corrective, even a JNSAR trader would be in a position to make good trades, provided they take periodic part booking and re-entering on bounces/ retracements.
Bears are here for long haul... lot more downside expected
http://www.niftytrader.in/nifty-live-change-in-oi/
Do domestic investors and DIIs know the market better than FIIs? FIIs have been buying consistently whereas the domestic investors and DIIs have been selling for last many days. Another question is who is the seller in this market?
New Post Done.
Post a Comment