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...
55 comments:
Anyone following Shree ashtavinayak cine vision? Only sellers since the last few days
@ Chivukula Krishnamohan,
I studied in a school which had no walls/windows/doors.
I grew up in homes whose doors were always kept open ..Luck/badluck is all your labelling and are momentary but for one focused in work, there will never be failure/ success but just mission accomplished or IN PROGRESS.
@ cool dent
shree asthavinayak... been on a seller for ages now
best time to add that stock is when, they hav a good release lined up.
their last hit release was golmaal 3 during diwali..
from what i kno.. the team of golmal with shree astha as producers are gonna release another muvie nexx diwali.. so u can look at adding this a few mnths b4.. for the spike up.
Arpit
yes.....rightly said sir.......
Don't aim for success if you want it; just do what you love and believe in, and it will come naturally. ~David Frost
Some people dream of success... while others wake up and work hard at it. ~Author Unknown
There is no definition of a good day or a bad day, it all depends on you & your thought that..Either you rule the day or the day rules you.
My teachers always say :
Never believe the lines in your hands that predict about your future because…people who don’t have hands also have future….Believe in yourself.
-gauresh59
"5790"-strength may return ONLY above this level for intraday...
"5755" is the last support..
Pranams sir for those golden words....i would request fellow readers to take these as PRINCIPLES and contemplate them each till they get absorbed in our sub-consiciousness, rather than 'one-time-awe-inspiring-golden-words'....dont think otherwise, but we indians have this tendency, hence thought to express my feelings......
trust me, each word by this man - Ilango - are words coming out of a monk/spiritual guru....it works when you adopt them as PRINCIPLES & contemplate upon it...
best wishes..
sir....thanks for being there !!
sir yday I hv dnloaded the nifty TA file. but in that close is 5797 so I m getting different value for all emas and file is not allowing me to update y'days close can u pls give the file file
sorry for the trouble
@ Prachi,
You can change the close values in the Data.D and Data.H Sheets and they get changed in the tech table automatically.
"5755" (approx) given the support for a long trade.
Thank you Sir for your Analysis. Booked out Intra shorts @5773 NF initiated @5790NF
thnx sir now it is taking changes
iip data nov will be -ve for market so noly mkt try to break
5753.6
RG Sir,
Thanks for the inputs. It does not matter to me if a wooden door gets broken.
I was finding ways to strengthen the mental door. :)
Ilango Sir,
It is an honor being in a school where the master does not believe in boundaries.
Will work on breaking the shackles.
ILANGO SIR , i tried to come live with you ,now only come
Broke below the last support-5755 , possibly for a new low.
Continous selling since mor $ ind also coming up it is at 81.Somebody continuing were they left of yday.
IIP actual at 2.7%
Sir,
New low means below 5698 or intra new low Sir
KA : U mean announced ? Reaction seem muted !!!Expected was 6.3?
keep an eye on long accumulation in 6000 CE...sign of possible outcome in this exxpiry, provided no untoward news spoils the ongoing plan !
any views ?
RG sir...its annouced fig(at 10.58 am)...street poll was at 6.6% and now the realised is at 2.7%...
option data indicating support near 5700 and res near 5800,ns may trade in this range of 5680-5820 for some more sessions be4 giving any breakout or breakdown signals
Growth in the index of industrial production (IIP) came down to a very disappointing level of 2.7% in the month of November.
The figure is way below consensus expectations of around 6-6.5%.
-Ventura
i hope your health is recovered , as expected iip only 2.7% Vs 10.36%
Ka
IIP expected at 6.2. Where are the actual numbers published?
TT & Chart updated for 11.00AM
bank nifty,IT index are near their support levels,if does not break below may see some sharp bounce in them which may propell ns towards 5800+
Thanks ka. Looks like the Doctor cannot surprise the ICCU patient with any fresh disease !!! He doesn't care.
@ Prabhakar,
I meant below 5700.
Thank you Sir. Fresh shorts @5747 NF
Just my understanding though it is behind us now.
IIP MOM is 10.2. For Nov expectation was 6.2 - actual is 2.7. Please don't compare MOM to for the month.
haha RG sir....beautiful !
i still feel, as all others, that a new low is impending ! what say ?
Less momentum on the downside (!) (?)
NOW minor intraday strength "ONLY" above 5745.
Today possible mkt LOW will b 5664 or 5643
Oversold intraday...
Sir,
As the first was 6337-5690=650 points, this third shuould be at least
6180-650= 5530.
if its shorter than 1st, even then may move to 5600.
your views sir?
Zero to no momentum on the downside. Should we use this dip to trim shorts??
Thank you Sir. Booked @5736. Today small profits only (for me).
Every day may not be Sunday.
below 5717 ns may trgt 5698 straight,abv 5740 if sustains only may see strength
like yesterday jazz was saying we might have completed
3(1) and might be in 3(2)b. 3 usually larger than 1
can be 1.62 of 1 ie 1030 points
Hi dear sir Ilango
aggresive buy with sl 5700 ?
Alpesh
@ Prashant,
I have posted all time frames' chart to show the likely enormity of a fall.
Currently we are tracking the first phase of the fall & the bounce thereafter. The correction could be a 'running one" making newer lows while correcting.
Hence, advised to hold positional shorts.
World markets too exhibiting negative divergences. These factors should be kept in mind along with a breakout possibility in dollar index and our own "VIX".
@ Prabhakar,
I have alerted about "Oversold" to be cautious on those shorts.
Until "5745" is not crossed, no strength.
huge addition of O.I near 15 lakhs shares today in 5700pe and that also has highest O.I in puts..may see nifty getting support,i guess if breaks below 5680 may see some strong unwinding in long positions
Thank you Sir,
After your 11:40 posting, I initiated again shorts @5728NF
Buy above 5730 for intraday gains.
Why is the Bank Nifty not correcting at all ? Anyone has an idea regarding this ?!!
India Vix above 23.5.
@Anuj,
If it is above 23.5, what can we expect?
ilango sir said, Vix above 23.5 will create panic.As vix has inverse relation.
NEW POST DONE.
@ bizagra...Give it a small filter and read it with prices.
i.e...break of 5698.
different type of market, different type of trading, different type of understanding :)
"your attitude helps, your aptitudes take you to high altitude"
hehe - i am reading one book brhgt frm library
just posting for "OOT" as all r in good trading mood
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