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...
10 comments:
Sir I question you told that Settlement generally happens which cause pain to most of the crowd.
Now people are short can we except that we will have a settlement higher than current value of Nifty
@ Bramesh,
Speculative logic is quite simple:
As the settlement progresses, the ones who are in deep profits aren't going to come to close their positions unless forced by "Fundamentally strong/ weak delivery based purchases/ sales". Such delivery based action will always get reflected in FII data as well as "divergence TA".
Since the bears are in 450+ points in profits this series, part booking happens which at best results in bounces that are unsustainable.
And your assumption that majority are shorts may not be true - there is no discount. Only longs come to dump positions on each rally which we have witnessed in the last 2-3 sessions. There could be much more "rolled over Long positions" in the market which could cause more pain to those who are already in pain.
This is a bearish view based on the price action so far. "5935" happens to be a crucial point capturing & sustaining alone may change the scenario.
As long as market is below "Trend indicating 5-Ema", the pressure will be on.
In majority of the settlements, this simple logic has worked quite well for my critic. Being away from markets most of the time, he generally "writes options" and have it easy and when time permits he rolls them to lower strike prices..
Sir,
Dollar index arround 79. Wts ur view on this
Amish
Dear Ilango sir,
Please any comments about Tata Steel I am awaiting for your guidance...
Dear Sir,
Sorry i received file on our Stockwealth blog.But your comments are most likely to read.
Hello ilango sir,
your real follwer me ilankaalai sir,
Happy pongal sir,....
sir , i am new to maket sir , but i am very active in subject
now i would like to trade in nifty only, on my search i got you
sir, i am following just nifty blog for past 2 month a lot of guidence
for all blogmates , but i am only watching all of you, initially
i like to know what is tech table, how to use it for trading,
i find it is use ful for mechnical or trend following table, am right sir
can you explain it sir?
ilan(go)kaalai(bull)
Thanks a lot sir
One more myth of market cleared with your guidance
Thanks Again
Wishing Happy Pongal to You and JN family
Huge addition in 58-59 and even in 5700 CE,with the support of addition this time in NF O.I. of 11 lac is complete bleak picture for Bulls.Tired Bulls likely to surrender themselves here.After breaking of channel support in earlier trades before,now probably,it's just matter of time that when Nifty is likely to touch 200 DMA? The in between halts up to 200 DMA would be just relief for trapped Bulls.Short covering is out of question here so only huge fresh buying could save Nifty if Bulls want to stay in the game.If Nifty shall travel up to 200 DMA then will it stop there?because now there are approx. just 150 points left for NF to touch 200 DMA,so,if the global cues shall start to come negative then it may break even 200 DMA due to force of this fall.Then it shall be a big blow for shining story.
So the coming sessions are very important for Indian Markets.
This out look may look as "a nervous one" but
Let us hope for the best.
can any one tell me how can I post nifty chart here if SIR PEREMITS?
Hello Mynac. Tomorrow I am in your town travelling from Mumbai.
Kept my call position open. lets see.... looking for bulls to
participate in game! I think the things happen here which you cant predict
Am I right dear?
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