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...
24 comments:
Good Morning Ilango Sir and Friends
Nifty Daily Analysis: CLICK HERE
Hi Illango sir and San sir,
Weekly chart is showing disturbing break of trendline.. should be confirmed today
http://4.bp.blogspot.com/_ZU53ckHTvwo/TQi_qb9BsRI/AAAAAAAAA_w/nFusBlSgV7c/s1600/Nifty+091210_3.PNG
@Kumaram
You are right about the weekly chart. Price is trading near support and resistance lines. I have posted a similar weekly chart today.
Good morning Ilango sir and all,
Sir, can you please mail me the 5min NF and BNF yesterday's data. There is some problem in my sys and so unable to generate data. Can you send it please?
Sir/Seniors. JNSAR 5906 with filter???
GM Everybody,
NF O.I.(2.43 CR)below 2.50 CR is always dangerous because it is always easy for Bears to press Nifty from here but my limited knowledge tells me that the possibility of a great fall is always very "less" when the low NF O.I.built up is there.If in real terms Nifty wants to go further down from here onwards then there should be a reflection of addition in O.I. at the end of the day, otherwise after few days later market declares this type of moves as "good consolidation".Let us see from today.
good morning,seniors..
anyone short on JNSAR? has it reversed?
On the contrary Weak Bulls used to stay out of the market due to Fear Factor & Weak Bears used to enter Fearlessly in market in anticipation of a fall is a but-natural development of the market in now a days situations & Real Bulls always loves,this type of situation to push market up wards only.
Good Morning ALL
@cooldent
Yes i am. But I am taking 5930NF to reverse.
Good morning Sir and friends.
thanks raj. prashant, prabhakar wt abt u guys?
cooldend sir has filtered it to 5910 so not triggered
GM SIR & FRIENDS.
@ps. ouch missed that
sir,
i have a doubt. is banknifty not following the large
ABC that nifty is following. if this is B, then it shud
be like nifty in 3 waves abc. it is impulsive
in 5 waves.
the level of 10650 noted
as per ur analysis.till 10650 is maintained upside possiblity
is there
Good Morning Ilango Sir and Friends.
Good Morning Ilango sir and all
@Rajagopal
How Commodity market? shall I short silver today
@Rajagopal
Profit booking seen in silver from today onwards
I think. What is your suggestion ? Please guide me.
sir, what will be the stop loss for nifty shorts taken@ 5899. pls. tell.
Thanks a lot sir for sending the data
@ PS,
BN may be labelled as "ABC" too. Ability of BN to get back into the channel will keep the two options alive.
@ dungar,
Day's high @ 5909NS. may be a SL.
Trade the points. It is yet to show some impulsive nature.
NEW POST DONE.
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