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...
30 comments:
@Kameshwara Rao,
Stock options have the "excercising option" during a settlement which has been withdrawn. However, you may continue to trade in them...buy., sell during the settlement.
This new change will protect the writers as "excercising" may lead to closing out of a writers' position even if he/she doesn't want it also as "excercising" picks out a writer at random.
From Jan., that uncertainty will be removed and stock options will be traded in the same way as Nifty options.
Dear Ilango: Thank you for clarification. Too busy to read the relevant news and understand. I thought I'll just post my query here and get an answer! Thanks again!
Ilango,
Hour TA has given a Buy: Does this mean can we go ahead and buy on dips or still wait for 6030 NS to be crossed. If so, can you suggest a good entry point to Buy.
Right now I am neither Long nor Short and I am looking to initiate a positional in the Jan series.
6022 is 61.8% retracement of fall from 6045 to 5982..
sustaining above it is bullish.
50% - 6014
38.2% - 6006
More pertinently, Is there a possibility to for Nifty spot to come to today's day low = 6003 (5-Hr-Ema) ?
@ piyush thnx :)
haha good one... actually deepak had mentioned abt this H&S b4 also.. n got me puzzled.
so was juss tryin to figure out...
Arpit
Gm sir and fellow blog mates ,
with all due respect to remove ambiguity on european and american stock options i have complied one post and here is the link
http://www.brameshtechanalysis.com/index.php/2010/11/european-options-stock-options-nse/
plz delete the post if u think it is not proper.
rgds,
bramesh
@ Nifty,
If you can buy closer to 6010, the SL would be 6000. These are very narrow ranging days. So trade light. A follow up move past 6046 is required. If not, it can drift down again.
Good morning Ilango sir and all,
Sir I have sent a mail. Kindly clarify
Good morning San,
mail sent to you. Please clarify
@Bramesh,
that was a good writeup and informative. Thanks
@Satheesh
Reply Sent
illango sir, on an intraday 5 minutes chart, whn the
spot was at 6023/25, the MACD was at its peak. From
here, spot has droppedonly 5-6 points, and MACD has
cometo its low.What does this indicate???? Please
explain
BRamesh : Thx for your article re PA/PE CA/CE
Very nicely explained.
New system good for small fish.
Big Fish can not jack up or pull down for short time
and demand delivery.
@ deepak,
You'll find some write ups on this under the Labels section: Oscillator reading.
This is a very important factor to watch. It means the oscillator runs its course from OB to OS while the prices do not dip correspondingly suggesting the earlier move as trending up and the current one as corrective.
Hi dear sir Ilango,
plz give yr viewon bank nifty
it is up to yr level 11,465 -- 11,485
plz
Alpesh
in 5 min intraday charts 55ema is crossing over 200ma...i guess may see some upmove now,momentum abv 6028
Ilango Sir, pl. give view on reliance infrastructure.
Lead & Lag indicator is showing positive.
Whether we can buy at this level.
@ deepak,
It is filed under "Reading oscillators".
thanks sir
Sir,
Thanks for your reply. Sent reply please check.
San,
Thanks for your reply. Replied back. Please check
@ alpesh,
BN sustaining above 11465, it can attempt higher levels. Strength only above 11635 and weakness below 11400. In between small trading moves...so trade light here.
Thanks all it is nt my article i have compiled from various sources will help in better understanding
@ Anand,
Though I do not track Relinfra, I just referred the JNSAR for it which is 805.33.
If you see +ve div in your charts, then it is likely it will trigger a buy today.
Whether to buy now based on your chart obs or wait till JNSAR is triggered is your "Risk taking choice".
Thanks, Illango Sir
Good Morning Everybody..
Dear sir,
I am trading in stocks based on your JNSAR..its wonderful...
Is it possible for you to give JNSAR for Nifty MIDCAP 50.. as midcap shares going well...
It is just small request...
NEW POST DONE.
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