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 ... -
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...
125 comments:
ilango sir,
our jnsar level held up for the day..
aggressive longs for me with sloss @ jnsar on closing basis @ 6214
Reposting _Sir what about Jnsar have bought one @ 6218 SL as on tomorrow?
November 11, 2010 2:32 PM (Also adding somehow since morning i am looking or taking JNSAR at 6214 only I have copied the wrong figure.)Noticed this only in this new post.
jnsar j10 sar both triggered
SBI....ay before y'day I said towards 3180...hits 3190....
@ manu,
updated.
@ALL
If NF moves below 6243 decisively now then straight way 6179
55 points down move below 6260 completed.
perfect buy zones... buying nifty futures now 6227... show me 6300+
@Ananyavrat....
Please check info before posting.... Other will get mislead..
Kospi has a high of 2070 something or round about in 2007-08...
How in the world did you get a new high?
It is only at a 52 week high.. which India has been doing since Sept.
RG sir ....khush ????!!!!!!.121 !!
wow! I gave away my puts too soon. Trailing stop losses triggered.
and SBI done my tgt .......from 3245 to 3180....was so simple...no complex TA
doubling up....@ 6211.... stoploss 6190 on closing basis
phew....i complete the above post and see...its at 135 !!
50 points profit booked after break LDEMA, balance hold 50% position
well sandy lets wait till next week...
thx
and as said spot towards 6220/6170...hits 6183.....so simple..no complex TA
on news selling our best buy zones with appropriate sloss...
if held... huge upsides...
enjoy the blast up starting anytime now... fast upmove....
day before y'day about ICICI I said..below 1253......1234...see today's low...sl was 1266..see 2 day's high..so simple no complex TA.
i share my trade for educate traders that just to trade as per system and forget everything. You will definitely earn profit. Its challenge.
ka 'bacha' n options. happy.
@ yoda - 6173 almost done????
pt - NF almost done 6205 (low 6210) expecting some bounce from here & bght some calls
That's a pity, shr, happens to me often. Just wait until the bounce and sell again.
sir,
now the bullish count possiblity is negated. or this
could be
a deep 4 and in a day or two we start out journey for
5 again (bullish count).
@Pawan Jangid,
Nice trading. But some times should face so many whipsaws
6186 is 61.8% retrace of wave 3 6094-6337
1228000 cut in open interest of 6300 put
my bottom formed @ 6183... now sloss 6183 on positional trades on closing basis
RG
what is Thursday 2.30 factor?
NIFTY Futues Intraday Update: CLICK HERE
In the hourly it seems to be the third wave from 6337,
it should target minimum 6143
MASSIVE SELL OFF IN KOREAN MKTS IN LST MINS OF TRADE AROUND $1.8 BLN ONLY
===???
Dear Sujatha!
Ur 6180 level worked marvellously....what a magical figure?
KUmar
@Rajgopal Sir,
The unexpected happened at last covered 25% shorts taken at 6275 at 6215
BHAVAN : +VE DOES LOOK SO? READ ABOVE NEWS.
Dear Prabhakar
after Whipsaw of 20-30 points in month in Nifty I m in huge profit in Nifty and also in silver , Gold, TATA Motors, Maruti and SBI in last one year. JAI GURUDEV
super fast upmove setup....
hoping for the best sloss 6183 on spot
@RG
NOOOOOOOOOOOOO scary picture now with the sir not commenting and me entering long @ 6218 NS
@Pawan Jangid,
Your SL for NS is 15 points or 20 points?
Holding onto Sujatha's 6180 level for booking loss
But I see heavy vol. buying at all lower levels.
@RG, is that the seoul effect and send off for the president?
Today Bear with full Glass of BEER.
Prabhakar my sl for Nifty is 22-27 points.
@Pawan Jangid,
Thank you for sharing your strategy
@prashant
are u counting like 6337-6243 wave 1
6243-6307 wave 2
6307-- wave 3
1.618 of wave 1 gives 6154, am i missing
something
Prashamtbhai kyaan khovaaye gaya ?Intuitively i m backing TATAPOWER (chottebhai is into some lean phase/?astro as today rcom also involved in the raja tele scam through swantele)
3.00PM TT & Chart updated.
@Yoda, yes too bad it went away for small profits. My fault, i was busy and could not focus much today.
@Pawan Janghid
Also " VAT 69"
markets should close almost flat today?
Lead indicator shows more downside to come.
Bear ka Diwali this Friday :)
VAT 69 is Ok but Teacher is the best
@kumar - 6180-6197 holds @ EOD chances are there for good bounce + sensex should hold 20600. or else straight hit 6145/50 levels. we already filled one gap of 6150-6200. next gap is 6100-6150 that too will come soon??? who knows mkt is supreme.. zyyngggggggg bear will come by lift.
PT - observe NF - it's trying to hold 6225/10 area good intra support. but time is up. 6225 protected can expect bounce 2morow??
i think we should wait for some time before taking any longs, as Global cues can throw any bad news from now....
I feel, today selling from FII may continue for few more days.....
My only concern is why the NF premium is not getting vanished till now....
K7
@Sujatha
You are right currently covered 50% shorts
and the remaining at 6141 NF
If Nifty future close below 6200 then another 100 points with full glass of Beer
ANANYAVRAT
19 minutes only left in markets for today & nifty is already 90 points down
I HAVENT SEEN SUCH A OPTIMISTIC PERSON LIKE U IN MY LIFE
people like u can even dare to jump from a aeroplane without a parachute, hoping of a last minute miracle.
And from 6141 A lovely bounce till 6380 - 6410
Yesterday I bought 6300 Put @70 and booked out @85 today. See now this
If NF move past 6240 then definitely New high within 4-5 trading sessions.
@Ananyabharat,
The option data is looking like a burial ground of put writers. The panic of them is palpable. Do you really think any bullishness here is justified?
llango sir,
Was short @6320 2 lots as suggested
Booked one lot @ 6274
Should i carry the short, if not what sl
thanks for your effort & time ji
hold on till next week Rochak sloss todays spot low on nifty
@Prabhakar ...
As sir has said "HAVE PATIENCE" AND "BELIEVE IN YOURSELF"
target above 6357 spot+
PT - i am already in calls.. let me see. price is impt. for me.. news and global cues let it come and join with my level :) i completely closed my shorts.if goes down also no hard feelings will wait nd buy @ low. but this 6180-97 will protect i believe.
BELIEVE IN YOURSELF and YOUR TRADING SYSTEM
@PAWAN
teacher's too a great brand
Ananyavrat
May i know reaching this 6357 ur target is how many days
@Sujatha,
May be you would waited till tomorrow for long.
@Sujatha
Curently NF holding the said band ..
TEACHER'S WITH TEACHER IS JUST LIKE DINNER WITH WARREN BUFFET
Yes Pawan .... sooo taka sach
k7 4-5 sessions keep sloss @ todays spot nifty low
@ praba - u mean, i shuld hv takelong 2morow right? but sometimes adament in my "Nos." theory. see now nifty is 6195. anyway nifty has to take out the 6242 hurdle.. hope 2morow it will always +++++VE including my blood group .. hehe
Well if this is correction then next upmove belongs to OMCs+Banks.
Disclaimer : Yes biased opinion.
see the OI graph sky-liners all tall building standing and growing are calls..... puts OI vertical fall. Nifty will only find some support near 6000 now.
Again this mad fellow climbing
wah...nifty...wah - my "open mouth" for nifty wil close 2morow whether it will continue from here upmoves or else "fake one"
prabaaaaaaaa- my lovely nos. will always rock, if at all i hv not done any mistake
hatssssssssss off, ananyavrat
I think people are diluting Masters call with thier own call.Many may be misguided due to lot of noise.It was yesterday sell call from master and now it shows the result.
Please people try to support masters call it may usefull for many.
@Sujatha,
no words to say and again u r unstoppable.
@Sujatha I also held on to your nos.6180
@ PT - if NS lift 2morow and sustaining above 6242 is +ve (upto closing level)if u hv any 6400 calls hold it for next week.
@kumar - nifty+sensex closed at my level. rest history 2morow
praba - MAD ONLY KNOWS ABOUT MAD??? i caught this mad @ right time :D
ANanyavrat
although, nifty bounced 40 odd points in the last 5 mintues, as u have hoped.
but still i wanna bet, u guessed this bounce only out of ur optimism & hopes of nifty bouncing back, due to ur long positions in nifty
& not due to any analysis.
am i right ?
@Pawan Jangid
Could you give details of your trade today i.e entry pt, the low ema figure taken as entry point etc. it would help me understand your system.thanks
@RP
any views on ESSAROIL?
sir, shld we cover our shorts at 6130 initially ?
thanks narasinga
... and the v will unfold to 6030 levels or lower?
thanks Narasinga
@ crorepathi - done.... will not make noise 2morow onwards, i think i am the "polluted person" :)
no... my analysis worked on buyung nifty around 6200 levels....with appropriate sloss...
now keeping sloss on closing below todays low...
otherwise new highs... should not be difficult
BN bounced back 45 points in a minute or so.
@terageet. as per my understanding yes you should carry the remaining one lot till you stop and reverse
@Sujatha,
I am talking about Nifty
SR - What happened to your Eve's eleven captain? Great numbers - you must be branded "Nifty Nuemorologist". ha ha...you have a nice T20 player added "Bhavan"(btw pls don't gift 6 runs to the opposite team by using your helmet to catch the ball).
rochak.:)
When I am in my mad theory phases, no one can talk me out of my disasters. I think all your attempts are just going down the drain for now. Save it until later when there is doubt creating openness.:)
@ praba - that is wat i told, Mad(me) only knows about mad (nifty) :D
SR, what happened to 6357?;)
@Sujatha, thanks for the bullish projections.
I think this bounce will stall tomorrow around 6240 -6260 (hope it is not a gap up). More downside after this unless lead indicator turns up tomorrow.
Bye Sir. Bye Friends.
Hi Yoda. I was just asking SR about you. So you were playing today.
Bye PS.
thanks cooldent...
everyone have agreat evening:-)
@yoda
??????????????????
BHAVAN @ HUWN ZZARA ATVAYOO HATO REL INFRA MA ATLEY CHUP HATO NOW M SMILING BEC I BOUGHT REL INFRA 5 LOT AT 1161 AND SOLT IT IN END 1171 ... BHAVAN NIFTY LOOKS BAD BEC JNSR IS FOR TOMOR I THINK 6240--- TOO JALDI NIKLI JAJOO
Over All very Good Day for trader, some one comments that 6179 will hold, and bounce back from there, Bravo
Shorted 6315 NF; Covered 6225 NF
Reshorted 6245 at close.
Tomorrow likely we gap down, which one should buy IMO.
bhavan
a chance to trade long can be taken in essar oil with a SL below 140. Since sl & picking price is distant, its a risky trade.
so, either have patience to wait for it to drop down to level like 144-142 & take a trade.
or, simply buy above recent high 161.
Although, if it breaks 140 ( not likely ), but if it does, it wud still be positive but into a consolidation phase.
@Crorepathi,
I agree with you.... People can share their views but not their trades... Iam following masters direction and others long or short calls are confusing...As per masters,ystrday eod view(Sell on rise), i went short and booked profit... Strictly iam following his tech table and that is yielding good results..Blogmates can share their trades with justification so that others can learn from it..Pls take it in good spirit..
crorepathi, you are right but take it sportively as the 'Children' who learnt from the 'Father', in this case, the 'Master' are coming out with different colours of happiness as they see their targets reached and i ofcourse, agree that Master's level have to be discussed more than ours.
bye rg sir,
@yoda
the effects are not immediately seen when u try to
talk a person out of disaster. but i does leave its effect
when the person in his/her lonliness thinks abt those
encouraging words. it helps one heal much faster.
u cannot expect a person in disaster, somebody says a few
good words and the person is back on his feet :-)
From the chart of the master, it clearly looks like the third of C is going on. If this bounce goes up a bit more,it could be the 4th of the third, or at most 4th of C. So much more fall are in the cards. This is my Understanding. Now the EOD view of the master would be enlightening.
@rochak,
I meant your words to Ananyavrat are being wasted at such an early stage.
Hi RG, yeah, I'm in the market on the short side.:)
Nothing personal.Initially when I was following master and due to a loose analysis from one here lost 70000/-
I think we are in serious business ,again no hard feelings :)
just follow Sir Illango's pre-market analysis... you don't need anything during the day..
Can someone help me here,
All of sudden, real time chart is stopped in my laptop (in both Firefox & IE)
Anyone can tell me what settings here will help me to see again real time charts
I am getting this below error on my top of my page,
meta content='Nifty Trading - Live news, charts, free tips, intraday and futures about nifty 50 index' name='description'/>
Regards
K7
frnds...plz watch 6200 CE oi build up today...be careful with your longs...and the subsequent build up in 6000 Puts...we could target either week low ema or more !!
and seems 6300 is difficult for now given the amt of liquidation seen in 6300 pe today...
I have been silently following this blog for last 1 month or so. During this period I have seen so often Ilango sir guiding blog mates so accurately that its truly mind boggling. Techtable provided is simply great. Now at least none of the traders need to loose money again as long as this system is followed. I have started following this system from today & from today i will start to make money from stock market.
Hats of to Ilango sir for creating such a system & then sharing it with others. It would have been so easy for him to have kept his learning to himself & profit from it silently. Or even opened a paid site & giving buy/ sell tips. Not only Ilango sir is a great trader but he is also a great human being. By virtue of this site I am privileged to be interacting with such a noble soul. Once again Sir I thank you.
I a recent follower of this blog,
which is indeed mind boggling,do
suggest that all experts and
experienced followers, to share and
discuss the ways and methods of Ilango's
analysis and methods and supports
as provided by SAN & others.
I am sure,a noble heart that he is,
won't mind any genuine discussion of
any flaw too.
This will fine tune, polish and help
the learners and new comers.
Of course in any case, one has to be
disciplined to keep away the noise,
but amateurs do get influenced and suffer.
I still did not get this -
"avoid all weakening noises and
follow +ve divergences" after which
the market was falling.
Thanks to Ilango and all.
atain, don't be too literal. Ilango writes in a hurry - I'm often surprised how he writes anything at all during market hours.:)
He probably meant 'don't leave the trend and get sidetracked.'
@niftysparks,
I saw your site after market hours. Glad you're in the right direction.:)
er, make that 'right direction'*. Actually, Ilango, delete the second comment. Scrambled brains.lol!
Post a Comment