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...
30 comments:
there is a huge build up of 82 lac in 6000 call, it has not shed open interest today,
5900 put has added 21% in open interest today, now at 48 lac,
The data suggests an immediate range of 5900-6000 for nifty,
with the majority confident that it won't move much above 6000.
6000 call was 1.10 cr OI 5 days back and was traded at 35@ now 75 so its does not ment k nifty not going beyond 6000...
@Prashant,
That is a funny thing seen now in the options segment. 6000 CE not shedding, but adding OI. But 6100 & 6200 CE shedding OI regularly for the last few sessions. If the majority is confident that Nifty can't go above even 6000, then why covering calls of higher strike prices. I am bowled out! :)
@Fire
may be They Are Adding to 6000 ce for which they get more premium rather than 6100 6200 CE
@Fire,
IMHO, This is simple profit booking of higher strike to free up margin money (may be for writing near strike calls/puts).
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seems like we are visiting now 5888 NF before any further rally up ...
@ PT - No i don't think so, it's firmly standing @ 5900 levels consistently + week pvt holding very well + resistance @ 5960 it touched 5957. Above 5960/70 will give more upside of 30+ points . 5875 good support below 5855 is weakness
@ Prashant/fire - lot of option discussion keep coming let me try to grasp atleast the "ta terms and words" of that. thanks
@sujatha
thanks a lot i am still holding 6000 calls
ORB buy?
@ PT - this time spot has to cross 5655/60 levels or else -ve i think cos of "intra tops"
dollar index cracking sir
5955/60
@Madhav & Vineet,
Thanks a lot. I have always been a slow learner. But this time still it smells somewhat fishy to me. Perhaps my own olfactory problem. :)
@Sujatha,
You are my Leading indicator of the Lead indicators. Whenever you take a counter-trend position, I start searching for reversal clues. :D
OMG very sorry.. PT = 5955/60 levels
Sir and freinds will buy ns above todays high of 5943 and nf above 5963 please comment
Sujatha u mean NS or NF
Bank Nifty has made a few tops around the 11550-11600 region in the last 5 days.. guess it needs to break out above 11600 for NIFTY to rally further..
Suresh - yeah.. sorry for the errorrrrrr, running between the dining table and room mil hvng lunch :)
@ fire - :) :) lolz?? but positionally 'long" still
@ bhavan - Nifty spot. and if nifty future means i will mention clearly read the post i posted for PT for NIFTY FUTURE LEVELS
@Sujatha,
May I know SL for your positional Longs
@PT
6000CE OI increased by 1.8L from 12:50pm to 1:50pm
bhavan wb from rotline undhiyanu shaak khai ne
Hi All here and Illango Ji Sir
1}Are we still conservative Short or reversed
2} Is it OK to stay long in Banknifty
3}Any Views about IFCI
Regards
Vikram
Anyone can confirm that is at this level it's making double top? fibo 61.8 from 6069.35 high to low 5732.10
I think todays market is made for Anuj and Prabhakar....solid 20-30pts trade either side....but today i didn't see any kind of trade from them, hope both are holding longs for higher.....
NEW POST DONE.
@prashant aakho diwas khawa sivaye biju kai kaam hoi ke nahi?
Anyway mkt kayi baju jai rahyu 6e saware nifty levavdavi dedhi have shu?
5900 PE OI has increased by about 12 lakhs. Even 6000 PE is getting written. 3 lakhs added yesterday and another 2.5 lakhs today till now. Though we are still about 80 points far from 6000. ???
@Sujatha,
I mainly follow lagging indicators. So, though belated, I have followed you and positionally long. :D
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