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...
86 comments:
Tiger ji!
Ab aapko ye sab bhoolna hoga Bulls-Bears kya kar rahe hain, aap sirf levels aur Trend par dhyaan rakhiye. Nifty abhi pull back trend me hai aur TT ke hisaab se bhi 5809 ke neeche hi selling ka 1st signal aayega...usse pahle sirf Buy Buy har fall par. Good luck bhaiya ji..
Manoj
@Tiger
dont try to get into trades, unless you r comfortable with SL.
Better stay sideline or as sir suggested if wants to go long, go at lower levels,with reasonable SL.
Till that time,understand tech table and read
'Always start trading with these"
lessons..trade from next week...market will give you enough opportunity..
Ilango sir , i hope conservatives are long @5825. Any S&R level for them?
Corrective scenario:
5698 to 5873 = a
5873 to 5809.5 = (a) of b
5809.5 to 5857.75=(b) of b
5857.75 to (approx: 5805-5790) = (c) of b
Then another upmove towards 5900 by tomorrow.
Watch prices near "5805-5790" ..
sir,
can it be the 4th wave, the way it is breaking the channels?
even 5800 call has added 4.3 lac shares. in fact, these are the two options where writing is going on aggressively
midcap index is making higher high and higher low pattern(bullish)
IT index open gap down,still not filled(bearish)
bank index making lower high lower low pattern(bearish)
ns also open high is same
BN: 11050-5DEma.
It broke below it at the open; Moved above it briefly to 11059 at 10.20 and fell; Again attempted and could go only upto 11040 and fallen.
The action has been around 11050.DLEma is at 10875 as an immediate support.
my view as picture
@ Prashanth,
That view was discussed yesterday with PS. It still holds.
These are all possibilities and we trade the directions.
beenifty ,
1030 min ema wud be 1030x5=5150 min or 85.8 hour.
is my interpretation correct.
5816 jnsar so if goes belwo then short, illango sir?
Dear ilango sir ,
i posted a picture using our rajendran's chart in instantly created blog
please cheak and comment sir
that instant blog is http://beeniftychart.blogspot.com/
Ilango Sir,
======
I have Long in NF5820 SL please.
sir,
now crossing the day's high again wud mean that b has ended
and c begun am i right sir?
@ Prabhakar,
It is possible the corrections have ended here @ 5816.60 and upmove may commence. Alternatively, it can continue to move down to 5805-5790 and then move up.
Above 5845 -it confirms.
Ilango Sir, Please if you have little time any view in TATA STEEL. Please.
Thank you Sir for clarity
repeat, 5816 jnsar so if goes belwo then short, illango sir?
Sir,
the 9-hr rsi is about to move into overbought zone without any corresponding
move in nifty. is it good for the anticipated bounce.
@ PS,
Market, at times like this, will move past morning high by few point and also move below day's low by few points to complete correction as well as wipe clean many a SL and then resume the recent trend(UP).
I'll attempt a buy here with a small SL.
@ Girianay,
As long as the recent low is not broken, small long trades may be attempted.
Trend remains down.
I'll update the file this evening in "Stockwealth" blog.
true sir
Dear Ilango : Any view on Reliance? From an EW perspective, the odds seem to favour an upside as and when it happens; but lack of momentum frustrates
Any fundamentalists here think that out-performance by RIL would cause the sector-rotation and the next leg up for the market?
Cheers
Ilango sir, Can I buy some more calls here. Didnt book profi when
Nifty at 5857 on upmove hope!!!
"LOW for the day" is made as in bullish view.
Failure will confirm the bearish scenario.
Ilango sir, that means if 5790 broken conservatives can reverse??Plz clear
icici direct not working careful with trades.
"Bears prevail".
please check my instant blog sir, positional short alert sir
http://beeniftychart.blogspot.com/
execuse me for intervinence
After long gap I Trade & in loss again. Can anybody give me hope. will the market
reverse from here. Bears are main reason of all losses. So I mentioned
I am always afraid of Bears!
bears prevail means no buying now.
@ Bizagra,
As long as Nifty trades below "5DEma", it favours bears only.
It briefly touched 5DEma yesterday at 5873.
It is a trading zone between 5700-5875 now.
"5786" is the 50% retracement of the last rise. If it holds, upmove possibility.
@ Tigar,
Please do not venture into "Day trading". Only by knowing the kind of market you are in will help you in planning a trade: Trending or range bound. Each requires different planning.
Till you learn these, stick to a positional trades only.
exit the longs sir?
Ilango sir, as it broke 50% ret. level, i went short positionally.
Now it is moving up,where i m wrong??Learning
sir - thanks my comment may "confuse" people i deleted :) i am enjoyingggg
RG - sports day over kids r tired hence leave :P
Anuj,
Again it is below 5786 and 5779.45
@ Bizagra,
Repeated many times that it is a trading day and alerted at various junctures. You are interested in only one type of trades. You are never learning to "Sell into strength" and "buy into weakness".
Break out and break downs are used at the end of consolidation and distribution only.
My loss is at Rs 23K today. Every time I reversed the positionals, the market reversed to screw my happiness.
Ilango sir, understood.thanks
Sir,
is 5723 JNSAR for month? Do we go long from there?
Sir,
is it 3rd wave down in hour time frame??
Mr.Diksha,
Please do not visit here anymore.
@ Shreyunik,
I have never used the Monthly JNSAR. It is for confirmation/ reference only.
@ dare,
Yes. You could say that.
Thank you sir,
It is very nice filling always to heare from you .I will wait for your comments till evening.
Thank you.
@ dare,
If the rise breaches 5810, then it becomes an "abc' correction only.
5750 was 76.4% retracement of yesterdays move.
If holds upside possibility
@ Ashish,
Yes. I think "Hitendra" pointed out its weakness in the morning.
Bear rallies are known to cloud our judgements.
Sir,
thank you very much...
I will be open for that senario..
Can u please put up the hour chart with different probable senario...???
Where is wolf wave today, his analysis is also going gr8.
friends,
Any body if having any view on cairn india... then plz suggest me is it worth buying???
Ilango Sir, Feel Bears are strong & had a same feeling & stick with my srategy to sell
call on rise but didnt expect such a attack by bears. will 2.30 pm Mantar will work today?
Wish this is the "V" opportunity - m(a)y 2.30 bless Longs.
VAL 5748 protected
@ RG/arpit - i didn't buy still for intra..waiting for "lows" busyyyyyy hope nifty will give a good chance to me .. till then taking a break :) when i buy i will try to post.. before that no levels it's not appropriate time to post
January 13, 2011 11:00 AM
enjoying rides
GUYS,
HEAVY SHORTING AT CALLS STRIKES 5900/5800/5700
PCR CAME DN FROM .83 TO .79 CORRENT
CHANCES ARE BRIGHT FOR TESTING OF
RECENT LOWS OF 5698 AND MAY BREACH IT
Vix is nearing a top or breakout
@Sujatha,
Pl. post when you are in long.
today nifty tried to touch 5855...the lower line of the channel that formed yesterday but failed to get it passed...and touched 5751...now i think a bounce back may come upto 5825..
@Sujatha
*if possible
VIX breakout will be above 23.7
I have no position now. Felt it was foolish to be Short @ 5775. So I covered @ 5760. Waiting for Ilango's 5810 now. Will Short very near those levels and reverse trades if it gets breached convincingly. Atleast I have a plan. Phew !
5775 nf is crucial for both bears and bulls.
bears pressing time was good,now if bulls take a run for upside,they need to maintain 5800+ till day end..so a bit struggle..
lets see how it materialises...5700 put writers not giving hope.
Ilango what is the probability of sharp pullback from here? Last 2 days this area has been a shar pullback area.
RG Sir,
Time to tune market with the mind?
bear nailing a big poster @5800 ...... call addition @11.88L.....@5900 addition is 18.23L
No major position as of yet apart from few 5500PE and 6100CA.
Nifty may confuse us till tomorrow.
nifty discount since 1 pm
@ Sandy,
If "5810" is taken out, upside possibilities.
It is still a sideways market of 5700 to 5900 with main trend being down.
@ sujatha jii good for you.
i did a small trade in da morning.. sbi.. gave the kurbani wid sl.
now sitting outside and looking.
arpit
fourth bottom. very less chances
nifty future restiance at 5796 yestarday ATP
Below VAL
WHEN EVER NIFTY FUTURE going to start wuth premium then buy
if ns could not break abv 5800 in any recovery then may see new lows below 5690 in next 2 days,may find support near 5610-5633 range
bank nifty yestarday low 10725 still not brokan
Dec '10 19529.99 20552 19074 20509.09
arpit is the abv corect? OHLC tks n advance
SIR, VIX AT 23.35. CHANCES OF ANY UPSIDE?
Can anybody tell me what will happen if VIX breaches below 23.5?
NEW POST DONE.
2010 17473.45 21108.64 15651.99 20509.09
i had given this..
this is correct..
what uve written.. is not.. as per my software
===============
reposting
@ sujatha jii
2007 13827.77 20498.11 12316.10 20286.99
2008 20325.27 21206.77 7697.39 9647.31
2009 9720.55 17530.94 8047.17 17464-81
2010 17473.45 21108.64 15651.99 20509.09
Arpit
BAD SIGN
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