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 ... -
Will not be available to intra update . Suggest one of our readers to update on DHEma-HHEma-HCEma & HLEma for possible support points fo...
33 comments:
@ PS,
This settlement range is of it's first week's H/L: 6069 to 5690.
It is trading closer to the highs and hence most likely to be either 6000 or 6100 for the settlement.
thank u sir
Reposting
@PS hawala is 5788 and so we are 250 points and not 300 so we might experience some down move these 1st day and a upmove tomo. tomor.closing might be last day for NAVS
sir & family..
gm..
ps,hi,interestigly only sep expiry was abv 6000(6039)
rest 300 point move seems common:)
only hope for nifty is bank nifty..
it s sleeping these days
ps..chech ur mail too
thats interesting manu.
probably can be one reason
why 6000 put has high oi.
ppl are betting this time also below 6000.
ps..
my heart says they will screw
option writers this time(jan)..
it has been easy money for writers this month..
head says..dont trade
more intersting..
euro rising(after double bottom), inr rising..
inversely related on same line..?????
remember it was 34-36 when v peaked in jan 2008..
manu replied mail. u instinct is very sharp and
right many times. head says dont trade means??
ps..dont trade means which side of
writer s going to be eaten mot clear...
check mail again..
sir..bn any view..last three days 225 % oi up in jan series..
which side move coming..
Hi Bhavan, Please tell me what is hawala and which
site do u get this data from? Thanks in advance
india VIX is also moving up along with nifty its up more than 2%,may see some sudden fall in nifty near 6045-50 range,time to be cautious with longs
USD-INR Dec fut breaks out above 45.19.
@NiftySensex
u get the hawala rate on nse site under title of indexexpiry of historical data please check and if you donot get it get back to me i will post the link
You will get one year expiry data download
Today again we have bnroken the high but it is not followed up by following action
is there a negative diveregence in the charts above?
Hi Bhawan... Thanks ...will look up and get back to u
@ rrknan,
For divergences, look at roc, rsi & macd charts. Stochastics is not a reliable one.
There is -ve div in the intraday RT charts.
this is looking to be( in 2C case) as 5 extending,
1 ended at 6023 so when correction comes it shudnt
enter 6023, if it enters 6023 means this is extended B
after 2c complete.this count can take us 6100+ easily in few days
extend 5(1)5855-6023 168
5(2)6023-5940-
5(3)5940-
does it look probable?
today at present NS made a double top and so if breaks third time we may see a new high(intraday)
Hi Bhawan...I would be grateful to u if u could post the link for hawala...thanks
open NSe go to home then FO then marfetinformation then historical data then there under facts and figure third heading ( i am no expert on computer and cannot copy the link so have manually written)
ok sir,
ending diagonal in 2c .
http://nseindia.com/content/fo/index_expiry.csv
the above is the link to see hawala
thanks sujatha for helping
Hi Sujatha Ji:
What is your position on long side or short side...please disclose?
GM all this is the link
http://www.nseindia.com/content/fo/index_expiry.csv
@PS,
Every segment of move throws up new possibilities. You keep track of them while monitoring the prices with channels, regular TA and divergences.
For the day, 6025 is support, break below >> 5990 pivot.
There is absolutely no momentum. So far the move off 5690 lows seem to be of a corrective rally only with a maximum potential of 6110(Bullish only beyond it. Till then trading moves only). Break of the current channel @ 5995(rising) would be another down trigger.
bhavan ..u mean to say if v close at 6000
for fii point of view v r up 3.5 % on index n dec:)
ps..explain ending diagonal in 2c..
the probability of 5(3)still thr?
thank u sir,
part booked longs.
yes manu,
ending diagonal occur in 5 wave and sometimes
is c wave. if it is a truncated e then this is it.
6031 last hour low broken, once can short when nifty makes alower high.
NEW POST DONE.
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