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...
102 comments:
becuase I am new here on this blog i get confused
with counts. what is A at top of 6069 and B on today
what is this count. you have 4 in same color at 5690 low.
thnx sir..
hope u watched kbc..i missed
sir,
i am not getting green A B C. does it mean that the
2 bearish unfolding in abc with b completed .
Dear Illango:
Please let us know when we can initiate short.
Regards
BB
GM Sir..Is lead indicator giving a buy sir?
Thx in advance.
@ Yash,
Piyush has got it right. This is another bearish alternative.
@ bb,
Resistances are @ 5825-5850 zone. Above 5869, the bearishness "weakens".
@ Nifty17,
ORB gave a buy and Hour lead indicator too. Trade cautiously with tsl as day trend remains down and hour has just paused.
Hi dear sir Ilango,
bank nifty close at 10.00 abv "H.5-EMA" and "H.L-EMA"
so we can buy now bank nifty
plz give some suggestion
regards,
Alpesh
Gm Illango sir,Thx for ur timly guidence.
Booked 50 points in Nf long.Now holding more foe above 5850
Now waiting for IIP No.
Hope to get 5900 today itself
GM TO SIR AND FRIENDS
Ilango Sir,
Good morning,
Sir , Hours Indicator 5 EMA IS BUY ??
Or lead indicator is another one?
Thanks.
Good morning Ilango sir and all,
Sir, 5795 being the week Lema and monthly 5ema being 5767 with these as SL can an intraday long be attempted? also ORB is buy?
@ Rajgopal and friends
There are many books in the market but I need your help to suggest one or two real good ones wherein one gets good knowledge to trade commodity futures at MCX.
Thanks,
Nishit
alpesh wait bank nifty HHEMA IS 11370
Most of you missed the Premarket "Intraday trading levels" which was a buy @ 5715-5730NS.
I guess, not prepared at all.
@ alpesh,
Use these emas for "Confirmations only"..which means you should have been long earlier.
sir,
the upmove which was being taken as 5(1)
confused in the same way,
a &b were there c had clear 5 waves with
negative dibvergence in hourly.
here the c is still having 3 clear waves.
no positive divergence there too in hourly.
will it be wise to wait for hourly divergence
to take aggresive longs
Naren ko treat dena pagega tho?!
Sir,
A close above Day LEMA which is 5811, give more upward momentum?
Sir - thank you. Unfortunately no time for write up to send you becoz all i hv manual datas and comparing with EOD charts. Today's closing below 5791/55/5690 will initiate "bear dance" by next week. But funnily frm yesterday's low and today's low i am buying for "short term" coz 5722 LBB + 5727 is protecting so far. Depends upon the price behaviour @ spot nifty will hold or sell.
@ manu - Yes, nov. low 5690 breached slip below 5640 means a quick 5555 levels after that we will think of 5050 :) from yesterday i am in long cos lot of levels supporting. Today's closing is very impt for bulls.
sir ,
the LEAD INDICATOR is stochastic with 35,3,3.
is it right?
dinesh
This is by Mr. MYNAC - thanks mynac.
At 2.52 PM Big white candle in NS chart at 5774.75(Volume 46,11,875)& after showing 5742 as a low,gradually came up to 5777 at 3.30PM & the corrected close is 5766.
Huge call writing at 5800 is frightening,surprising & discouraging for Bulls because it didn't go far below 5800 but Fibo B- 5757 & 5727 are ray of hopes for Bulls.
Huge FII selling + rumor base selling + triggering of margin calls were the main culprits today.
Not much addition or deletion in NF O.I.So if FII shall take rest for tomorrow :)D & if NF shall get respect at 5757-5727 then it may show 5816-5845 tomorrow.These are all if & buts,but hope must be there.So let us see.
no sir i am not buy bank nifty
i wait yr conformation
Alpesh
@ PS,
Trade based on OS/ OB too.
I arrived at 5715-5730 based on the support bars after the 5690 low was made.
Waiting for confirmations, the aggressive trader will miss 100 points. Then, that is not aggressive trading.
A clear understanding of a trading style is very very important to make a proper trading plan.
JNSAR short remains.
Conservative short remains.
Day trader would have made a 100 point by now.
Positional traders would have part booked and re-entered too.
Sir,
as your faithful student went long in ORB at 5790NF and covered it at 5833 NF when NS reached 5825 - which is 23.6% retracement for the fall from yesterday level 5988 to 5721.
Please do not advertise or brag your achievements here.
Please do not advertise or brag your achievements here.
Please do not advertise or brag your achievements here.
Please do not advertise or brag your achievements here.
Please do not advertise or brag your achievements here.
Please do not advertise or brag your achievements here.
Please do not advertise or brag your achievements here.
Please do not advertise or brag your achievements here.
IIPNO. @ 10.8 VS.4.4
WILL IT MARKET ZOOMS?
Sir pls forgive me to ask such a basic Ques..Your Post said-
Aggressive Traders-
Trade : <<5695- 5715/5730 -- -- 5820/5840 >> 5865+
I have been taking it as Selling range is 5715/5730 for 5695
and buying Range is 5820/5840 for 5865 and in between 5730 -5820
is a no trade zone.
And these are spot valued. Apologies for such a question.
@ Satheesh,
You need "Some more" faith to trade with our intra day levels mentioned in the PreMarket view.
It is wonderful to pocket 30-40 points a day. Great.
sir,
after a lot of heartburn i have decided to
stick to conservative and divergence trading.
i only counter ur conservative view on good hourly
divergence. a lot of times huge moves develop
without divergence too but it (waiting for divergence)
will succeed far higher
number of times than it will fail.
sir suppose a long is taken only on close above of hour ema.
. an aggresive view can be take it above close of hour lema.
only one whipsaw wud be given by conservative view.
but maybe 4-5 by aggresive view. in recent fall frm 6070.
just want to place my feet firmly first. and see that
"i can" before trying more things
@ Nifty17,
You definitely need to check your Head...
How could the selling be @ 5715-5730 when yesterday's close is 5767.
Why apologies...??? Did not understand it.
If you are new to this market, you need to work hard..
dear elango sir, i think they dont understand ur polite language!!!lets make our blog a safe place to be in.
Sir nf reaches 5840 Yt Nxt?
means nxt resistence?
Sir,
Kindly check mail.
thanks and regards
@ALL
PERDICTION VS PROFITS
perdiction is 100 times easier than profits.
suppose i say 5740 level imp.
if it is at 5690 i will say see i said 5740 imp.
if it is at 5800 i will say see i said 5740 imp.
and get subscribers.
till there will be tip seekers there will always
be tip suppliers.
Thanks sir. I always have faith in your premarket levels and it has given me many successful intraday trades as today.
indian growth बोफोर्स घोटाला- 64 करोड़ रुपए
यूरिया घोटाला- 133 करोड़ रुपए
चारा घोटाला- 950 करोड़ रुपए
शेयर बाजार घोटाला- 4000 करोड़ रुपए
सत्यम घोटाला- 7000 करोड़ रुपए
...स्टैंप पेपर घोटाला- 43 हजार करोड़ रुपए
कॉमनवेल्थ गेम्स घोटाला- 70 हजार करोड़ रुपए
2जी स्पेक्ट्रम घोटाला- 1 लाख 67 लाख करोड़ रुपए
अनाज घोटाला- 2 लाख करोड़ रुपए (अनुमानित)
Ilangoji,
Is this possible that the current upmove is C of 2 in the corrective mode for the fall from 6340 to 5690 in 1. If this is so than the target for this C of 2 could be 6100 considering A=C. Does this possibility exist?
@ Sujatha,
Thank you. I'll study it.
@ Rajvada,
These are possibilities.
To negate the "iv"(Red), it needs to breach 5869 first and then 5940.
"c" of 2nd could be truncated too.
Just be flexible enough to adjust when there are many possibilities by following on the unfolding prices..
The October IIP data has come in at 10.8% versus 4.4% (MoM)
Bought nf at 5792 trailing sl at 5850 now thanks sir
If the downtrend has to continue Nifty would again try to close
near the days low.
Deepen,
Your English proves your truth.
Deepan,
if u r proud of ur statergy then good keep
it for urself ,why r u simply disturbing all here.
if really if u want to share then ask first if anyone
is interested in ur knowledge.
by the way all r doing good in trading,if i am right
no one needs any KNOWLEDGE as he have
the BRIGHT TEACHER HERE
DINESH
Bala's exit level for shorts is 5843 - Spot Nifty
Mr.Deepen Kenya,
You have shared nothing of your technical expertise here except your "Supposed success" with your clients. For what is this boasting.. to get more clients..?
Or to gratify your ego..??
I have seen many boasting of "Far off predictions" - some come true and some don't.. who is accountable.
I don't want such baseless statements in my blog.
You may go elsewhere and crow all you want.
If you are such an educated person, you should have stopped coming in the first rebuttal itself.
Do not come here and waste my time. No more explanations for you or for anyone who steps out of line here.
Hi San...if you dont mind, a small clarificaton sought !
I see 5968-70 as resistance in 5 as well as 15 min charts...plz clarify.
reards
Dear Illango Sir
PLZ HELP
sir plz tell me how to follow JNSAR AND J10 SAR ....
what is the value of nifty for going long according
to sar ...sir plz help i am new ...and 1 more thing the sar
values given are for spot or future
Looks like a selling opportunity
Why is Market tanking after positive IIP nos ?
jallous ilango copies from all blog's and post's here.100 sma copied from stateofthemarketblog.
stop fooling mango
COPY CAT
now jallous about other's
heeeeeeee
STOP COPYING
@ Rajan,
For JNSAR:
http://tradeinniftyonly.blogspot.com/search/label/Trading%20methods
For J10SAR:
http://tradeinniftyonly.blogspot.com/search/label/J10.SAR
hello guys!..
nifty touched lbb and moving towards 10 sma,,5914.should be 1 st tgt,
if crossed upper BB should touch.?
OI in 6000 calls is reducing meaning calls written earlier are getting covered... indicates chances of Nifty crossing that level.Also 5800 puts OI is increasing giving support at 5800.
@Ka
Since that was the breakdown point of yesterday it may act as resistance in shorter time frames.
"Jallous" .. I remember this word from one of our earlier reader here.
Someone even pasted the "transcript" here of your conversations..
BTW, my blog is full of copied materials. Any problems.
I'm not the authour of anything except JNSAR, any problems.
You'ii do well to spread good messages around.
I'm curious to know, where did you get this "Jallous" and "mango" dear.
You must be thouroughly "FRUSTRATED" to fall to such levels..
Follow me, you will be out of all your frustrations.
May God bless you your tormented soul.
Dear Ilango Sir,
"Positional traders would have part booked and re-entered too".
I always get confused in this reentry point. What will be the reentry point for shorts now sir?
Regards
Booked profit in nf at 5850 thank you sir
Channel resistance @ 5860-65NS.
If this rally is to survive, it should hold above "5795 - 5805.
imran ,
if don mind can u tell the centre band of BB ,
is it 20 SMA or 10 SMA
DINESH
@arvind. guess that comes with more learning and experience. Even i am holding on to my JNSAR. Just now shorted one lot at 5850 spot. My understanding is that 5869 will be the stop loss for this trade. sir or seniors if get time pls advice
aily RSI is around 50 which is a support
Sir
leave it.. all this will distract your attention on market. It shows commonsense of their.. basic commonsense they missed it that is,” its not my own blog to write what I wish.. this I can do only in my blog”. They missed this coz no readers to read :). So its useless to pay attention on them. if you pay attention.. its nothing but you are giving what they want
@dinesh kumar,
its 10 sma.
@ Arvind,
Moving past 5869 in a day or two would weaken the "Bearish picture".
The downtrending channel; resistance comes at 5855-5865. So you resell at that point with a small SL.
Sir,
My humble request. Please ignore such "frustrated Souls" - who vent out their frustrations by mocking at successful persons just because they are unable to do it!! It is more a feeling of "ennakku rendu kannum poonalum paravaillai, pakkathu vettukarrannukku oru kannachum poganum". Please please do not answer them just ignore them.
thanks a lot, imran
Sir will again re enter nf longs at new nf high of 5873 for today thanks sir
Thank u sir
Dear Sir,
Thank you very much for the clarification.
Regards
Sir as per your premarket view, iv is to end near 5850, which is almost achieved with high at 5848. Also the 38.2% retracement for the fall from 6069 to 5721 comes to 5853. So I have reentered shorts at these levels with 5870 as SL. Am I confident now sir??
@ Babu,
The problem is just simply accuse without ":one shred of evidence/ proof".
It makes you mad..
Thank you for your kind words..
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
sir,
if any blog like yours is successful
we must be prepared for these kind of
shouting and frustations.
so please ignore and carry on your great analysis.
we r here with you
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
thanx for the help illango sir
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
seems this fellow is attacking like ALIENS
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
Master,
5855 is also the confluence zone of 50% of this 3rd and 38.2% of the total fall. That should add to its importance.
These kind of "Mango" slang looks very familiar. It reminds me of a Great Erudite Bear, (the creator of famous BSAR) who can stoop to any lows, deeper than the Mariana trench. Perhaps he... or his disciples?
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
Sir:
Please BAN this CRAP Kiran
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
GM Shri Shri Illango ji & Blogmates
Sir i am still holding conservative trade.....initiated late.....and also headged with 5800 calls....what i need is to ask you that should i book profit in calls and stay in the conservative trade ( with av. at higher levels near 5850)......bit confused ....pl. advice me sir or seniors
my av. og shorts is 5825 ( 2 Lots)
@ all
can we start buying stocks slowly, suggest some stocks which can recover fast
Regards
dow futures new high and europe futures at days high sir
Sir and regular readers,
Request you to ignore these PINPRICKs, however painful it maybe. They are just trying to draw us out and when they get reply they feel encouraged to proceed further.
YOUR ANALYSIS IS NOTHING EXCEPT FEW LINES HERE AND THERE DRAWS LIKE A KID.
IT GOES THERE.YOU RUINED MY CAPITAL .I MADE MSTAKE BY FOLLOWING YOU.
JALLOUS,MANGO PICKED IT FROM OTHER'S MANGO
STOP FOOLING
STOP STEALING OTHER'S HARD WORK
FAKE PROFITS
BOOKING 1 CALL IN 2 PARTS.HEEEEEEEE
WONDERFUL MANGO
CHIKKU PAYYA JALLOUS MANGO
Sir,
we have TRUST on YOU... Please do have TRUST on US. No one believes his words. He kept the site in his words, he wants more hits on his site.. Just he used his trick
sir,
is there no way to stop this fellow to post or BAN him
By the way, I like my "fake" profits. In last 10 days, I doubled my capital by following JUST 1 SYSTEM created by ILAngoji. My ledger is showing that clearly. Perhaps its fake, but still I love it. Now these frustrated illiterate fools should just go away.
Ilango:
You are doing a great job. Please keep it up and if required Ban those who do not comply to the rules of the blog. But do nit get frustrated and loose your focus on Nifty analysis.
NEW POST DONE.
kiran : u r one one of those frustaded poor little
chap.not knowing where ur headed .we here in this blog r so matured. i hope u understand "heere ki jauhar jauhri hi jaane"
Ilangi sir ji,
Have you watched Guru starring Jr. Bachchan? It has a dialogue which goes like - jab log tumhari burai karne lage to sanjho tarakki kar rahe ho (when people start abusing you, consider it as an indication that u r on the road to success). Congratulations sir!
Warm Regards,
Maheshwari
well said shr and fire.
frankly speaking when i started trading i dint follow
any one or blog and lost my entire capital.after
beacame a member of this site and following SIR
atleast i am in a position to judge where to enter LONG
or SHORT,which is basic for any trading
god bless u sir
Dear Mr. Kiran,
Thanks for your kind concern.
If you feel we are foolish to follow Mr. Illango, let us be a fool.
Please do not waste your valuable time and space in this blog.
Good day
Respected Sir,
The more we acknowledge such stupid nasty fellow the more they become aggressive better not to talk on them coz these kind of physic ppl like huring ppl sentiments and they get fun out of it
lets just ignore him and let me brag here.
Accept him as a SPAM who will soon find one more place to spam if he does not get any response here
Ignore them Ilangoji. Pity them for they are like chicken with their heads chopped off. No point discussing wise words with fools.
Post a Comment