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...
104 comments:
GM Ilango sir,
Please accept my sincere Thanks.
My blogging journey started from JN ( last Feb) when you started giving me space here for the Weekend Analysis.The confidence shown in me along with constant encouragement by you (also keeping patience on my ranting days) and appreciation by friends are the base of my blog. It was also carried forward to OJN where friends from JN (Dear Mok,RM,Sri,Sujatha,Mynac,Manu,aZ,Piyush,Yoda,Manojag) provided me a platform and support to voice my thoughts .
My methods are only the extension and application of the TA introduced here at JN by u.The Blog will remain a metaphor for the “Always start trading with these” methods. I will also try and apply your teaching of sharing of the knowledge selflessly.(though limited Knowledge and Time at hand are immediate constraints). Let the “Words of Wisdom” be with me as the guiding light. Amen!
Hope the Blogs and utilities will help Intraday as well as Positional traders in their pursuit.
Thanks Sir ,
Thanks Friends .
Mr. KUMAR, pls get in touch with Rochak Parekh , he needs ur URGENT help in his A.S. problem.
Any friend knowing his contact, please convey.
Dear AAR VEE. Visited your blog & became your fan.
Great analysis. Keep it up!
Sir,
GM! This time it has closed above the DLEMA & 5EMA. and sustaining above...is this not a clear signal to buy from here..or do we wait to come to JNSR level, then initiate the trade?
thanks,
Sujeet
jnsar of nifty triggered
Ilango sir,where conservative traders sud go short again??Thanks
where are you all??
itna sannata kyu hai bhai??
would like to take long oosition with 0.3% filter which stands at 5748 around.
jus now holding 58ce from 17 wen 5728 spot with least risk and fortunately its going in favour of jnsar
again buying aggressively abov 5751 spot
jigs i had reversed 5730 hope others wud have too.
piyush i had reversed 5728 hope others too
jnsar triggered at 5727 and with filter around 5745-48 ...also recent high of 5729 spot crossed....and my 58ce from 17 going gud...
thanks that..jigs and piyush also with me in jnsar trade and happy that im not along :-)
Priya Mitro!
Maine aap sab ko baar baar friday ko din bhar kaha tha ki Nifty bhar lo bhar lo...daba ke Buy karo..shahayd aap sabko yaad hoga. Nifty wahan se 60-70 points up hai, 5945 spot nifty par maine 50% Nifty me profit book kar liya hai aur 25-30 points neeche mai Buy karunga ya 5760 spot ke upar aur Buy karunga. Remaining 50% kas ke hold kar raha hoon kyonki mera short term target 5900 hai.
Dear Prashant bhaiya aur S K Mishra ji! Namaskaar, ye sab aap dono ki shubhkaamnaaye kaam kar rahi hain...thank u bhaiya ji
Manoj
not alone*
Hi PS : LONG from here - right? What I understand from your above JSAR reversal. Please advise.
my trader like me who follow jnsar of sir silently
@vidya if we follow Sir's rules strictly no filter is applicable today
(i.e. on the day trade is taken)
tom and day after a filter of ~20 pts can be applied
@nevermind
oh is it.. then i missed few more points i think now..but taken for granted at 5727 and traded 58ce..i dont feel i missed :-) and thanks for this confirmation :)
Dear Friends,
As per JNSAR, log at 5727, with SL at day's low at 5696
Thanks & Regards
Sanjay Kr Jaiswal
@vidya yes filter is only applicable for 2days after trade taken
Piyush Sharda bhaiya ji!
Aapka bhi dhanyawaad, us din aapne hi mujhe confirm kiya tha ki HOURLY me MACD me +ve divergence hai, aapka support kaam aa gaya bhaiya ji...thank u again ji.
Manoj
may b i was little confused as of wen to apply the filter...but now things clear..thanks nevermind.
@vidya welcome :-) and since we need to go short in the next trade
the filter would be (5727 - 20) arnd 5707 for next 2 days.
@vidya ...that figure after filter wld vary depending on jnsar of next 2 days..
but whatever filter u add it has to be subtracted.
NF crossed 20th jan's VAH of 5745 and made dh as 5752...
Also, im waiting for aggressive longs abov 5750 spot..(for intra)
nifty did not breached DHEMA 5747
high made 5747.30 only problem for now
JNSAR Riders,
which series are you going long? Jan or Feb
yes nevermind..ex: say if jnsar is 5760 2morow then 5760-20=5740 incase if v hav to go short..rite
@crorepathi, as of now jan series..
yes mee too as of now jan series
10% OI reduced in 57ce and 19%OI up in 57pe...giving very clear picture for bulls as of now..
@vidya perfect
Crore - I am in Feb (all). Jan is behind me. OK?
thanks nevermind and jigs.
rg sir,
jnsar triggered which i follow so long.
otherwise too matket made a higher low and has touched
previous high.
manoj my pleasure:-)
@Crorepathi
I am in Feb series.
Thanks PS. LONG then.
I need some help ... Does anyone have historical JNSAR levels (Daily)?
Good morning Ilango sir and all,
NS is moving past last weeks LEMA 5743 - If supported with good volumes then it may cross the day high ema of 5747 which will be quite bullish. The 23.6% fibo retracemnt comes to 5755 surpassing which might lead to more highs.
Are my views right sir, also can we take this wave to be the 4th of the 3rd wave?
or alternatively the 2nd of the third wave?
Priya Mitro!
Ye hai wo call jo maine friday ko 5680 Nifty spot par di thi aur srimaan mishra ji ne aapko english me translate karke bataya tha. Nifty is week sabko up-down dono sides surprise karegi so bhaiyo U turn ke liye bhi taiyaar rahiyega..Mai jab bhi U-Turn loonga aap sabko inform kar doonga..Filhaal 5760 spot ke upar daba ke Buy kariyega.
"skmishra said...
Good morning all!
Manoj: I see weekly closing UP and so buying the lows for 1 week tgt 5900 sl 5600
January 21, 2011 10:39 AM"
Manoj
words of sir in premarket:
"It could break past 5710 at the open, gets resisted at 5729-5748 and consolidate." spot dh is exactly 5748...hats off to u sir once again...for nifty respecting sir's levels
but since v r long with jnsar hope this time it shd not resist at 5748 and cross 5750 spot :-)
Me too in FEB
For scalability
buy Jan 5700 PUT @ 26
sell FEB 5900 Call @ 65
you are perfectly hedged at free of cost
@crorepathi
can u let me know the brkout level for that option strategy to be in profit and the level not to be in loss..
manoj: I have alerted this upmove on friday @ nifty 5680. But market may surprise us now anyside with sharp move. For the time being buy above 5760, I will let you know here if I short.
This is skmishra, i do not know how my yahoo id came in, will check and change.
er, overbought*
mishraji - that's y i was wondering, who's this?? haha jaadu kya?? really :)
@ yoda - welcoming the fall :) with folded hands
me too, SR.:) This climb has been at a snail's pace.
yoda - hehe.. immediately u deleted so fast.. i am toooooooo fast i already read it :D no probs able to understand what it is . by the way u r often taking break na?? hence errrrr???
I was afraid of piyush or rm lurking, SR. They'd have seen it in seconds. Like you!:D
Jaadugar Mishra ji!
Namaskaar...bhaiya aap to real me Jaadugar hain, Sujatha madam bhi aapki jaadugari se khush ho gayi...Thank u and take care bhaiya ji.
Manoj
Dear Sujatha! he he, this is funny, right? My other side :D
Vidya
From here to 5900, you will make money in long.
if market goes below 5700. Put will become in the money and hedge your loss in NF
5900 Writen call will give premium to buy Put.
Not really taking a break but just that there hasn't been much to say from my side. Also, I read the comments after market hours.
But most ppl on this blog are more clued into current events than I am so I'm waiting for some crisis to lead the market at this juncture.
can anyone confirm..it seems like forming flag pattern in nifty..
GM Everybody.
gm, mynac.:) Any news pending that can set direction?
Yoda : u r worried about the Sharks only? Even small fishes are also lurking. Anyhow thanks for the warning.
Hi mynac,SR
@ crorepati, I do not understand, how you will make money in the strategy, if mkt moves up, you have sold feb call. Or you mean your future long will make money?
RG, small fish take small nibbles, sharks will swallow whole.:)
hi mynac, rg
mishraji - really i laughed :) i was thinking who's is this stranger @ JN that too with his level haha .. morning relax for me
hi rg, mynac manoj
yoda - mine- is "automatic reloading na" so hopefully i can't miss anything, unless i away from system
@yoda,
not that fast as u think :-) suj is the fastest.
by the time i take longs she exits longs and itches
and takes
short
GM Dear Yoda,RG,
"As you deleted the comment so fast now I am also confused:D"
Only the slight worry about the timing of this up move i.e.at 10.30 AM? ...otherwise nothing else.So only very curious about Dear Sanjay's stop loss for JNSR.5696.A big cushion.
@yoda,
not as fast as u think:-)
Ah, auto-reload on tabs doesn't work for me, SR, that explains your superspeed.:)
Time to see some GREEN light. Sir...busy??? Few words please if possible. Your autopilot JNSAR is on well and true once again.
NS 5755 - eactly 28.6% retr for the fall from 6181-5624!!
*exactly!!!
@crorepathi,
u gave short cal on 59ce at 65 and buy cal of 57pe of jan at 26...
so, you will b in safe position as long as 59ce is at 65+26..hopefully spot cud b around 590-5815 wen 59ce reaches 65+26=90..
so as long as spot is blow 5815..i feel this strategy either in no loss no profit zone.
Priya Mitro!
Mera suggestion hai ki Lango sir ji ko apne kisi comments me Dr.Kumar ke liye likh dena chahiye jis se Dr.Kumar ji apne Rochak Parikh bhaiya ji se sampark kar le. Rochak bhaiya beemar hain aur humare blog ke bahut achche supporter hain, ho sakta hai ki Dr.Kumar aate ho aur sirf green posts read kar hi chale jate ho so aap sab ka kya khayal hai bhaiyo?
Manoj
as expected flag pattern working.
Get Ready for a steep move, now above 5750 +- 2% from now
@mynac,
bulls will have to defendt it or whole day.
is that it?
Mishra,
5900 Call has Delta 0.348, and NF has delta 1.So far every move of 1 in NF you will gain(1-0.348),upto 5900.
looks like we are moving down -2%, Nifty may not move above 5830,
until it touches 5557
mynac, 10:30 is very odd, now that you said it. I'd said that the market was going to fall in that comment, but I expect it to fall on some news with a bang. Waiting for it now.
@ mynac - this 5900 JAN PE is why the difference between buying and selling price since morning? what it indicates?? time permits
@ Piyush - lolz..:) why everybody is making me laugh in the morning?? mm.. someway i "got it" what's and which style is "fit for me" and doing according to that.. no changes at all at any cost.
@ Yoda - yeah.. will do the write up and send it you.. it's excellently working fine my hands are free
piyush, very glad you missed the error then.:)
Good morning sir and friends.
Up move led only by short covering in banks?
Captain performing badly again.
nifty slowly n steadly goin towards 5900..
@crorepathi
gud point of mentioning delta value of 59ce...
yes, acc to tht strategy cud work.
which tool do u use to find delta,etc values of an option?
Dear Piyush Sharda,
They are likely to defend for the whole day is the guess.It has never come near JNSR after hitting the same from the top is surprising.It should come at least once.
Sujatha,
Good morning!! How do you set the auto relaod optin can you please explain?
We are above 61.8%(5750)- today already 50pts up, may not see a close above 61.8
thats a strong point for bears to move Nifty down to (50%) 5557.
Any thoughts on it?
satheesh, I think you have to dl the TabMixPlus 0.8.4 and the rest of the settings are on the tab when you right-click. And you have to set it every time you get on firefox.
5759 is the channel resistance for now. If NS can cross it, hopefully 5780 & 5797. Otherwise more consolidation in the channel. Lower boundary @ 5640 levels for now.
-ve divergence in 5min chart
5710 may be the decider level for today inside the channel.
@yoda
why u r so glad that i missed :-)
why r u bearish intuition or something else?
bnf has touched the nifty high corresponding 5875.
has it forgotten a policy is due?
NEW POST DONE.
Dear Bhavesh,
For day trading purpose I used to take profit after 30 to 50 points after hitting it first time.It depends on everybody's nature & trading style.Then after, when your "bag" gets lighter then you can think more comfortably is my thinking.
@sharda RBI is expected to take a decision tommorow. Insider new is that RBI may increase only 25bps
yoda...U expect to fall from ManMohan scam or bank rate increse to 0.25%?? bear always expect some bad news and bull always expect good news.. since 31 dec mkt fall 7.12 if mkt recover to half means 3.5% its come near 5900:) with all bad news remembar Kaliya log buying (DII) n Dholiya selling Ongc fpo ahead lets see
Addition of 14.5L OI in PE5700 & OI shed of 9.38L in
CE5700.
@Prashant, Mentioned who is Kaliya log But didnt
understand who is Dholiya. Pl. explain...
Thanks Yoda, I shall try it out.
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