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...
87 comments:
Today Cam levels have worked ver well!
Ilango what would be the initial target of the falling wedge?
ACCORDING TO ME...NOW SEAT BELT SHOULD BE TIGHTEN...FOR THE UPMOVE..
Holding 5850, it is all set to clear day's high..
Any old guy from Moneycontrol here?
@ Sandy,
You accidentally marked the low today..5825..!!
The start of the falling wedge is the target.
Any body Knows Sharad Vaish?
Sandy said...
expiry range <5823-5939> don't expect nifty to breach the range
November 25, 2010 11:40 AM
Is there any downfall predicted?
Booked Nifty at 5875 spot, its another century again. I will buy Nifty again if it crosses 5890 spot now...thanx everybody
Kumar
Bahut chamka raha hai!
Ilango upside target for the wedge?
SreO sir!
U r already master, actually u impressed me in last two days. I can say only, just plan ur trade 1st and then trade ur plan....and do some gossips and sincere talks here in between.
kumar
Ilango that was VIX range for the day.
@ Sandy,
The target is 6020-6035 once moves past 5907 & 5945 while holding above 5850.
THANX..ACTUALLY I HEARD ABOUT THIS BLOG JUST FEW DAYS BEFORE...I WANTED TO JOIN A COMMUNITY WHERE I CAN GAIN MY KNOWLEDGE...AND I MUST SAY..I HAVE FOUND THAT..THANX TO ALL OF U AND THANX TO YOGI DA..WHO TOLD ME ABOUT THIS BLOG..
ilango sir, sud we reverse intraday trade from 5945 or from 5925??
TataSteel is giving up to bears
Nifty future touch the average price 5872, and now coming down again, now waiting for break , may be or may not, but upside looking difficult.
who is this Yogi da, also a visitor of this blog?
@ dheraj - u want still downside, OK take it if decesively breakes 5850 may touch 5800 levels then bounce back.. where to catch and when to catch is "upto your timing sense"
YES HE IS REGISTERED HERE AS YOGESH.
Mkt is looking weak
We have to see the closing
Hey Sujatha!not exactly i too want the market to close on a positive note..but let's see..where the market stands.
ok SreyO...always welcome. Always keep an eye on Sujatha, Prashant, Piyush Sharda, Anil & after all ILango sir's levels. Their level looks simple but comes out after a deep & sincere study.
Kumar
THANX KUMAR... DEFINITELY I'LL KEEP YOUR ADVICE IN MIND...
sir
its not holding 5850
Expiry range <5941-5790>
Oops dheraj - unfortunately market will not listen to us, v hv to listen to "it" 39/37 hogaya tho...yeah.. my level possible
no manu @ EOD that level will hold according to me
Hope for a triple bottom at 5825 now.
Price behaviour showing big underwriting is on in 5800-5900 Puts of Dec., it seems bullish. Any Open interest expert can show some light upon this. thanx in advance...
Kumar
CHEERS!!
@ bizagra,
All shorts closed.
Small longs from here.
Chamkaya phir uthaya
NOW LAST LEG OF 'W' IS COMPLETING...
@Thanks Ilango sir.Already out.
now waiting to cross 5875..
Ilango sir SL for longs?
dheeraj - take it mannnnnn it's coming :)
@ Bizagra,
Only small longs.
Will average upto 5790. SL 5745.
Monthly low ema ?
All shorts closed ! thanks to you all!
@Sujatha : PE covered@75.Thankful to you as always.
I think we have to stick only breakup for long … nifty will volatile between 5800-5900
5796/61 calling.....
JNSAR, J10.SAR all Long now at 5790.
mkts at dsys low but options prices still far away...iv's not falling
Bought Nifty again at 5790...wow Sujatha...great levels... Thanx a lot
Kumar
Super Sujatha
impeccable levels!
Really so so excited on seeing 5790 on Nifty spot Exactly it came and Nifty started bouncing as Illango sir said in the morning post......
Hats Off sir
5796 holds 5819/42 possible
To anticipate the market is to gamble. To be patient and react only
when the market gives the signal is to speculate. – Jesse Livermore
5796 broken...
sir, the 3rd actually came!
Last 15 minutes of the game! Are the bears getting exhausted?
Ilango sir, we carrying longs ??with sl 5745?
@ RG - your nos. are on the way...i changed my "uniform" at right time :) timing is essential.. impatience is costly :P not only 5650 levels.. 5...5 levels also possible??? only "time" will show the colour
@ Bizagra,
Yes..
As JNSAR levels were far off, I have taken a risk to reverse them.
It is a risk, this system can afford.
/ Unity of conservative aggressive jnsar and j10sar...right sir? :)
OMG RG your levels neared .. I never dreamt also.. Hats off I suspect your identity now .. r u with some big market movers :-)
@prakash. also sujatha :)
@ilango,
What does "taken a risk to reverse them" mean ?
@ prakash - he is not with some big movers i think he himself is a "big mover" :)
anyway last minute protection coming in "impt line 5800 levels"
SR : You know the law. I know the Judge.(he he he). Money bags waiting for these levels. Imagine 15k C plan for 1 week buying spree!!! Some X-mas shopping it will be.
MARKET DHOULD CLOSE ABOVE 5825...ELSE CORRECTION UPTO 200 EMA...NEARLY 5500..
hi dear sir Ilango,
can we long in bank nifty ?
Alpesh
@ Golf dude,
JNSAR & J10.SAR triggers are so far away and in Sell mode.
Seeing the huge settlement low, I have reversed the trades in them to Longs though no signals have come.
It is against that system but risking it.
Prices of December PEs
5200 yesterday close 16.20 Now 11.00
5300 yesterday close 21.35 Now 15.00
5400 yesterday close 28.7 Now 21.00
5500 yesterday close 43.40 Now 33.00
OOps. 5796 protected 5819 reached..:)
@ilango,
Thanks. But that is not going to change the JNSAR or J10.SAR values ? You are taking a chance based on previous supports and resistances, i assume. I am also in - following the master :)
GREAT FORUM...GREAT PEOPLE...ENJOYING A LOT...
Prices of December PEs
5200 yesterday close 16.20 Now 11.00
5300 yesterday close 21.35 Now 15.00
5400 yesterday close 28.7 Now 21.00
5500 yesterday close 43.40 Now 33.00
Yesterday Nifty future close 5873, today 5800, why put option down, while nifty down, any one has any reasons
Bye Sir. Bye Friends. Sir is Long. First light at the end of the LONG dark tunnel. Will it be a pull back tommorrow morning before the ...
Better go get soaked in CRUDE now.
@ sujatha jii
would u be intereted in taking tution ??
Arpit
interested*
@golfdude
every one :)
@shabsaif
i am writing puts since nifty touched 5835 day b4 yesterday..
at that time they r incredibly high prices., iwrote 5500 put @ 54...today it is half of that
this is IV game put side iv's r not rising, and during expiry it withers away premium(next series) much faster..booked 25% today..
Thanks Anil, I am also playing in december 5200 PE, and I have some open position on it.
RG complete the sentence "..Will it be a pull back tommorrow morning before the ..."
need to have special interpreter to read your posting to decipher hidden meanings
Holding 5900CA @112 6000CA @67 and 5900PE @130 .... 2:1 ratio
RIL 1000CA @28.
JPASSOCIATE Dec Future @115.
Started "longing" long before in the morning.
Memorable trade of the Nov month
--------------------------------
Covered 6300Put @400 today bot @90 ...
Covered 5900Put @90 bot @15 yesterday and day before.
for last 2-3 days i was saying 5750 and many said not possible
before expiry. it reached 5780 .. back to bed. its thanksgiving!
Can anyone tell me how to auto refresh this blog.
Everytime I have to refresh this page to see members
new post
Thanks in advance
Aru
Dear friends
Can anyone tell me how to auto refresh this page.
Every time have to refresh this blog to see new
posts of the members.
Thanks in advance
Aru
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