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 ... -
After having spent more than an hour @ 4826-4855, NF breaks out with volume (5-minute time cycle).. The spike failed as it fell below 4833.(...
18 comments:
PS : Westerners are copying Yoga and Vegerianisim from us and we are copying ...
A beautiful girl proposed to G B Shaw "why don't we marry? Our child will have my beauty and your brain". Mr Shaw said "No Madam. What if the reverse happens?".
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rochak : Funny. Being in day OB state down side is acceptable to 1285. Touched. Now will it move upto 1333 as per TA? This counter is capable.
Ilango sir conservative sud keep SL 5215.
or 5135?
sorry typo it is 5235?
Good to see all the voices today..
Not entered longs..waiting for 5189 – EMA decider as stated in the PMW to take action…
@ bizagra,
Conservative positions should be kept for atleast 2 to more days.
However, in a range bound market, we need to trade off each segment or wait patiently with the above mentioned SL(5215).
If it resists @ 5195 to 5205, then the next round of selling will start.
If moves above 5215, 5235 & may be even 5270 are possible.
3L puts added in 5200 and 5100.
gd
if nifty trade above VAl ca we go long
Today's low in bank nifty is very important support...that should be the stop loss for all Swing trades (conservative trades) Short below todays low for positional trade.Expect it to break down,waiting to short may be in second half.
rg sir ,
looks like we'll get 20 points on downside now
Nifty futures is trading at a premium of 6-7 points since
morning. 5300 put has a premium of 20 points, while
5000 call has a premium of about 40 points. This favours
an upmove.
PS : 5187,5267 and 5310 are oil spilled rocks. Nifty repeatedly slips from these. You may get it - all ears tuned to SBI and DLF?
MSCI Changes-
Additions
Adani
Piramal Healthcare
REC
Exclusion
Idea
trailed nifty long taken @5165 to cost
Sir Nf is above Vah now can buy or wait ?
Dear Ilango
Gm
can please let us know the wave in which we r at present
any news in TATA TEA
flying high
NEW POST DONE
with FII figures & intra charts.
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