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...
61 comments:
Some aggressive longs in small doses till 5935 lows..
Sir:
New Low is made or still awaited?
sir,
whether this is 5th over or 3rd only can be known
by crossing of 6040. am i right sir?
:)holiday
Sir,
Pls. check mail. If possible clarify befor market hours
Covering in 6000 puts and addition in 5800 puts is happening. Seems , we could go lower though charts seems quite o/s
sir,
please can u tell about VAH,POC AND VAL
and how can we use them for trading?
i have given my intra-day updates
http://stoxtrends.blogspot.com/2010/11/nifty-intraday-update.html
For the Current Hour(3.00PM), the Hour Low ema is 5997.
by looking at cash volumes, it seems big daddy coming to rescue...
only rajagopal can comment on this...
@ SUjeet,
New lows possible as the day's trend has been so far "Trending down".
This aggressive long is "Only because of 5935-5965 price cluster zones.
Caution: Weekly TA down and no reversal in prices as seen in TT.
If the expected reversal does not come by EOD, hedge or exit.
"System Sell" remains.
Above what lvl is bank nifty futures a buy and hold overnight?
@RG sir, PT, sujata maam
where are you guys? no comments whatsoever....
we miss vibrant comments from sujata maam...
illango sir, simply superb , nifty dancing to your tune...
i made small profit through the swing trading...by buying puts(6000),closed early...
thanks
@ S,
Above 12600.
Sidharth can u plz mail me too...amirishali@gmail.com
Thx sir
@S
Do not trade against trend. Wait for JNSAR to hit… believe, you will get consistent profit
massive writing in 6000 calls...OI added today is 25 lac...
Auurr bhii gire gaa ree baba??
More down
Bear logooo ko hamara teeel pilaoon lathi seee bhagana hoga kyaaa??
Sir, do we expect 5935 ( spot ) today ? Thanks..
S NAGARAJAN
Break of 5970...may set it for "Double century"..!!
I agree Babu.. Jus asking sir approx above which lvl can we say the trend has turned bullish
frnds...this was what i was telling few days...
sir,
when NF was at 5320...there was unusual build up in 6000 and 5900 PE and that made me certain that we would see 6000 in this expiry....your periodic inputs and prashant's inputs helped me with the confirmation...
Babu, Normally SIR talks spot only..Is 12600 future or spot ?
If I am right JNSAR is 12942 SPOT. Pl advise..Thanks..
Yes Ilango Sir,
I also feel the same... 5970 is important level.
below that... can't imagine.
please see this, don't know how to make it clickable link with the url so posting the complete url
http://4.bp.blogspot.com/_m0eU85MUDEo/TOAqW6enZAI/AAAAAAAAAWM/CYtcCyVUhEM/s1600/Nifty-LT.png
@S i read his comments as SPOT
AT 3.00PM likely to be a close below Hour Low ema(5996)
2 min..5992..
where is RG sir ? 5300 put at 305 !!!! has he exited or floating still ?? if floating, he should plan a holiday for all of JN mates in Hawaii !!!!!!!!!!!!!!
Good afternoon Sir and friends.
Late to the party today.
ka, you should look at 5800 put -low of Rs4. high of Rs 23; 5900 put low of 11.15 high of 48.1.
Missed all these trades.
sir if 5971 holds 5988 will be hour low ema?
one more attempt??
Crorepati and Siddarth,
Nifty 6000 PE cut 88 to 82 lac in open position as of now NSE site showing, but I observe that some time , end of the day bhav copy shows differnet figure + or - 3 to 4 Lac. If, do u have any idea, let me know, Thanks
HI Siddarth,
Pls mail me the setting to kumaresanb1969@gmail.com thx in advnce
3.00PM TT & Charts updated.
i think if 5970 holds then above 6039 its
a reversal,lets see
@ Piyush,
Saving it for the last 15 minutes..!!
Ilango Sir,
======
If nifty closes above 5996, Can I hold my positional short ? or exit?
ooh i too learnt something from sir,
i got 6039 without seeing sir's TT
charts
thanx a lot sir for ur guidance and Charts
ps
u expecting 2dy only
Hi dear sir Ilango ,
can i buy nifty and bank nifty at sl of ns 5930?
regards,
Alpesh
@ Prabhakar,
If you are in good profits, take home the profits as +ve div in hour looks distinct.
If you are in small profits too, take profits as the +ve div can upset it temporarily.
If you have min. 2lots, simply part book and hold 50% shorts as TA is down.
After long time, NF is giving up Premium
Thank you Sir. I have 1 lot only Sir.
Dear Dinesh!
U r always smart & sincere in guiding, keep it up.
Kumar
Sir, In case this happens to be a thrid wave down then will the divergences work? You have mentioned earlier that divergences does not work in 3rd wvae , i.e against trend!!
manu,
+div in hour is there, there can be a rally which can
cause some panic, suppose if 100 points rally is there
it might make sense for aggresive long/part book shorts
@ alpesh,
The +ve div. is compelling.
This will be a high risk trade.
a gap-up or down is certain day after tomorrow
it can't fall much without some time correction
if it falls right now, the hourly chart will be vertical
@ manu it is correcting only 6225 and 6337 is barely
2%
downwards
@ Satheesh,
Just when we think we have seen a 5 waves, market surprises with an extension or an "abc-x-abc".
Once you know your risks, decide whether you want to risk your money or keep it safe to deploy it at another appropriate time.
thanx kumar,
most of the times i was wrong but slowly trying to
learn form sir's Tt and charts atleast to some
extent so that i get some consistent profits
for myself too
OI added in 6000 PE.
till 6032, the possibility of the resumption of this fifth of fifth is
intact. In case of gap-up on thursday, will sell near 6030
no positions as of now
Nifty closing above Hawala price, go long with hedging bcoz risk is minimum & reward will is good.
Kumar
shabsaif,
That may be due to intraday players.
Hi Kumar.. Pls explain what is hawala price and how is it computed?
Thanks Sir Prince(Ilango).
Holding 6100CA @30 and 5900 PE @32 in ratio of 1:2.
Bearish but ready for a sudden up move if any ..... option data suggest more downside this week.
Hawala rate is a making-up price at which buyers and sellers settle their speculative transactions at the end of the settlement. It is the basis for buy and sell for the investor opting for carry forward during the next settlement. This price is fixed by taking the weighted average of trades in the last half-an-hour of trading on the settlement day for securities in the carry forward list, also known as the "A" group or specified group. This price is significant because for a speculative buyer or a seller, the hawala rate is the standard rate for settling his trade and for carrying forward business to the next settlement.For example, An investor buys the stock of X company at Rs.100 on Monday. By Friday ( BSE settlement day), if Rs.90 is the weighted average price in the last half-an-hour, the buyer would have to carry forward his trade at this price of Rs.90. He then settles at Rs.90 and enters into a contract at Rs.90 plus BLESS charges for the next settlement.
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