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...
53 comments:
Deepak Bhaiya!
Tumhari baate badi sundar aur lachchedaar hain par aapne humari baat ka jawaab aaj tak nahi diya hai ki Jab aapne kal saari Nifty kal 6020 spot cover karne ka msg sabko de diya to fir 5993 par aapne kaise aur cover kar li. Iska matlab ya to aapke 6020 wale msg me kuch galti thi ya 5993 waale me, maine kal aapka msg aapko paste karke bheja bhi tha...aap kahe to mai dobara bheju. Pls sabko bataaiye na ki kya raaj hai aapka dp do baar 100% cover karne ka????/
Manoj
@ deepak...
juss look at ur msgs..
ril buy.. sl 1053.. n den u lower it to 1050..
dude.. dont u think there's sumthing wrong in the trade?P
i dunno wot trike rate u getting.. but hell ya.. u sure r confusing a few lik me :P
Arpit
Dear Ilango Sirji,
Many Prannams,
NS seems to have broken the trend line @ 5990 and some how now trading below 5994 (current trend line value). Would it mean that NS is sagging or do we wait for the hr to close below trend line.
Your answer is eagerly awaited and appreciated.
Kind regards
Geet
@manoj Smoking
please I started this but a sincere request to all of us please ignore and leave him alone as he is a complete system in himself---he is a gurudwara otherwise he will go on and on just check yesterdayz niftyintraday update -2 to check what i mean.
@ terageet,
Inability to move & trade above 6015(50 day Sma) has resulted in a mild sell off (Volumes have been quite low in the market for the past 7 days).
There are two strong supports @ 5935 & 5965.
There are two resistances now @ 6015 & 6045.
One could trade light in these zones.
Nifty has closed above/ below High ema alternatively. After closing below it, the follow selling has been mild so far. Staying above Low ema makes it a "buy the dips & sell the rises".
Spreads too have been diminishing.
Watch also Bank Nifty: If it breaks 11390-11410 decisively >> selling is possible. And only a move past 11635 would be a breakout. BN's range has also narrowed down.
No major reading could be made out at this juncture.
Dear Bhavan Bhaiya!
Aap sahi kah rahe ho, Apne mooh Miyaan Mitthoo se door rahne me hi faayda hai. Ye to ganimat hai ki yahaan par har post ka record rahta hai warna yahaan aise log bhi aa jaaye jo ye kahe ki maine to 5700 par hi Nifty 6050 ka target de diya tha aur stop loss 5690 tha...kisi ne kharida kyon nahi??
Manoj
@ Bhavan,
One more intresting setting for futures.
Set 33EMA for 5 min charts on ur live terminal.
U will find it amazing how it suports & resist Nf
Give good trading oportunities.
Thank you Sirji,
You are very kind,
As I trade only JNSAR, would then selling @5965 be advised( with 5965 also being a support)?
Attempting to learn, please excuse my ignorance.
Best regards
geet
Sir, Wait for 11390-11410 or JNSAR has already triggered a sell on banknifty?
taking shape of diametric g pending ??
thanks Musti,did. I watch indiabulls PIB and this one has nice colourful one
@ Bhavan u can see how many times it restricted at 33EMA.
& now try to cross it over.
If fails we can again see days low.
i am short with sl-6025Nf
@ terageet/ Cooldent,
JNSAR being a mechanical system should be dealt with independently.
However, if it comes closer to an established pattern as in BN's ascending triangle's bottom @ 11400, a small filter could be applied. If one follows just the prices & not other studies, he/she should follow the numbers and make their trades.
@musti i m long from 6004 but with different parameters apart from 2 days vol.profile :1)t.steel is +ve and 6000Cenot breaking 34.
SL will depend on vol.profile and also my presence on the terminal
Thanks sir
@manoj bhaiyaa. maree aap k satth koee dushmanee
nahee hae.aappleasewoh karae joh aap ko achaa lagae
went long @ 6015 stop placed 6005.
for all those who bought at 5993 spot. I have booked
15 points again. no position now
i willinitiate buy only sustaining spot above spot=6017
i will be going long again at 5997 or so
6100 Call huge built up of 3307K
fyi....something unusual hpng in 6100 ce... 7 % up...importantly 30 lac buyers and 4 lac sellers...yes, buyers & sellers eqn is misleading and fake....but in options it gives the hidden msg...something is in store in this expiry....
keep an eye.....
Sir & Prashant, your views would be helpful.
regards
i m long at spot 5995
sloss 5979. will keep adding at every dip
Smart trader selling 6100 call at 7, that means nifty wont touch 6100 and can expire below 6100
inability of spot to cross 5996 will render weakness
in the mrkt
dear illango sir
JNSAR filter means "+ or _ WITHOUT ACTUAL PUTTING STOPLOSS
OBSEVERING" OR SOMETHING ELSE PLEASE COULD YOU EXPLANE ?
THANKS IN ADVANCE SIR
REGARDS
ISTHAMUS
sir & family..gm
rs flattening is good for a rally up..
jai hanuman gyan gun sagar, jai kapis tinhu lok ujaagar
hahahahahaha. gayaaaaaa
trgt on spot = 6013
watch spot above and sustaining 6001/80
@Ka
Does that spiking activity in 6100CE is indicating anything like a sharp upmove on nifty or Is it showing Call Writing ?? If so why wud people write a Option that has a premium of 7-7.5 which is risky if nifty closes @ 6110+ levels on Expiry Day
Option Experts please throw some light on this
@ Kalyani,
It is a sure 1% return on an investment for 3 days only for the "dormant money becoming active".
calls of jan series are trading at higher premium than puts for same spread levels...eg 6000ce and 6000pe or 6100ce and 5900pe...as cmp of jan nf is 6045
does it indicating ce writers are more aggresively writing than pe writers
plz comment
Thank you Sirji
Would it be okay to just follow JNSAR and sell at 5965 with SL 5985???
Kind regards
geet
Aajkal Prashant bhai nahi dikh rahe, unki EW reading bahut achchi aur isiliye unki call bhi bahut achchi hoti hain. Pata nahi aajkal kahan hain aur apna Blog bhi update nahi kar rahe hain.
Manoj
i thinkthe lows forthe day have been made.
There is accumulation going on herefor nifty to go
higher
in dec series 6000 ce and pe both are seeing strong addition in o.i abv 5.6 lakhs each...does it indicate more range bound trades for thie series
Thanks Illango sir for Clearing this confusion
@Stocksure
calls r trading at higher levels than puts,
6000 CALL JAN - 142
6000 PUT JAN -101
Puts r being built up in next series..watch 5800/5900/6000 put, OI up by 7,5,28%...
also PCR in JAN right now is 1.53
total call OI- 1.3 cr
total put OI - 2 cr
6000 ce and pe of dec series has total premium of near 70Rs,if smart money is writing both 6000 ce and pe then trading range may be 6070-5930 which also happens to be strong resistance and support levels and would like expiry near 6000
i see spot touching 6036 or so at some point of the
day 2day
sir...i did not get your reply to kalyani ! plz clarify.
manoj bhaiya= i m stilllong at 5995 spot. will tell
you whn i cover position
i also do not deny, that spot may visit 5988 or so
levels, but by n large= it looks up
@ Ka,
With so much OI at 6000CE & PE, some money which has not been deployed may find a surer return of 1% by writing 6100CE which could be the reason for it seeing some activity with only 2 days to settlement.
NEW POST DONE.
@ manoj bhaiyaa= aap yae mat socheeyae kee maeyahaa
aaplogo sae shaurat yaa waah waah kamaanae aayaa
hu.Agar aap profit mae ho, toh mujko uus sae zyaadaa
kyaa khushee ho saktee hae??? Agar maenae reliance 1053
paebuy karnaekobolaa, aur sloss do baar2-4 point
neechae karyaa yaa, toh maenae kyaa gunhaa kiyaa???
aap log saarae toh 20-50 point sloss k saath trade
kartaeho
just as i said= 5988. ihave bought more nifty here
all intraday shorts = watch it.if spot sustains 5990
we will have a run up
we definitely have reisitences on spot from 5995 to
6014 range,but these r very inconsequential/ minor
resistences. these can be crossed anytime with
volumes.for all longs initiated= keep very very strict
sloss at 5986
At abt 13.00 hrs very unusual Spike Price and Vol
in HDFC Bank, can anybody say any significance ?
Deepak Your S/l hit
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