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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
13 comments:
Ilango sir, when ever u r free, plz explain,wht are the things i have to check in yr tech tables to start a conservative trade?ie when to start a conservative trade?so that i can learn myself instead of asking u everyday.I m a conservative trader only.Plz forward if u hav any write-up on this
Elliott Waves - Stephen Poser - Elliot Wave for Short Term and IntraDay Trading.pdf - 1.20MB
http://www.zshare.net/download/70221757d7294cf4/
Hello Prosenjit,
To day morning i received a mail from ilangoji with google document.But it is empty.And i observed some discussion is going on regarding google document today.Can you pl explain it.
THANKS
Regards
GSM
hi prosenjit
you bring in a good ambience in the analysis. Your OI inputs make a good combination to Ilango ji's tech input.
Plz continue it, for many learn from it.
:)
with regards
Moh
hi Ilango ji
Very nice explanation of the excel sheet interpretation. Thanks a plenty.
:)
with regards
Moh
Ilango,
Your explanation of the various clours in your Tech Table is simply wonderful. Thanks for all the effort. In your Pivot table you are using two more colours
; Pink and Mengenta, could you explain their relevance.
Also in the Daily tech table for 21/12 low of 4944 has been shown in Blue clour and font and also in hourly low of today for 12 hrs and 15 hrs the low has been shown again blue.
Best
Calls
#####
5200CA
Open Interest 6811050
Change in Open Interest -438550
5100CA
Open Interest 6589250
Change in Open Interest -284250
5000CA
Open Interest 7153100
Change in Open Interest 385500
4900CA
Open Interest 1968800
Change in Open Interest -124100
Puts
####
5100PE
Open Interest 1679000
Change in Open Interest -143750
5000PE
Open Interest 4248000
Change in Open Interest 393150
4900PE
Open Interest 6016700
Change in Open Interest 846150
4800PE
Open Interest 5105450
Change in Open Interest 55200
4700PE
Open Interest 3275150
Change in Open Interest -112950
Bear nest not moving to 4900CA(covered 1.2L in OI).
Bears comfortable @5000, added 3.85L in OI with total 71.53L
Bulls added more support at 4900, 4900PE added highest OI 8.46L with total oi @60.1L
Expect some movement between 5000-5020(more of 5000-4980) and 4900-4880(more of 4920-4900).
Below 4900 it will slide.
Nifty future has turned into a premium of 3.65
points from a discount of 4.05 points and 4.50 lakh shares were reduced in open interest with increase in the cost of carry,indicating short covering in the market.
On the option front,implied volatility has decreased significantly by around 250-450basis points, pointing towards positive bias and that the buying may continue to emerge at lower levels.also pcr is low at 1.16,so not much downside expected as on date.
nifty weekly showing broken rising wedge
nifty daily showing falling wedge/channel
nifty hrly showing positive divergences in all indicators.
so for tommorow there may be a pull back but the bias remains -ve till 5065 not crossed convincingly.
GM Ilango sir, please send me Tech&Pivot table. my id vallala.mohan@gmail.com thank you
Hi Ilangoji, Can you please send me the Excel sheet to my email ID : anandan777@gmail.com : Thanks, Anandan.R
ilango sir,
Since the size of the excel is 1.8MB. Exporting t to google docs is not possible.
Will try to find some other places so that sharing can be easy.
Hi..Prosenjit,
One of the reasons the file size is big because of so many graphs of Week, Day and Hour. I plan to separate them into three files so that one can update the weekly at the week end, the daily at EOD and have the Hour file for active intraday monitoring.
Only hitch will be the Blog data sheet which has links to all these sheets. Let me solve that and send you the files.
Thanks a lot for your efforts.
Best regards.
ilango
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