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...
74 comments:
ce and pe prices ,both in negative of jan series,expecting to see some big move in later part of day after choppy hours of trading
sir,as per your chart negative divergence is emerging,at what price levels confirmation may be seen where nifty can be shorted??
hi dear sir Ilango,
plz some view on bank nifty
regards,
alpesh
Expecting big move in which direction?
Everybody ready for a upmove?
First target is 5768
This expiry it will close well above 5850.. sureshot
5768 intraday
ps..
planning to sell more or wait ?
Bulls R pulling nifty & bears are pushing it down. Look at
the OI addition in PE & CE....
TARGET COMPLITED SOLD AT 5749.8
Thank you Sir for your Analysis. Booked profit my longs Sir
@prashant shah
Booked profit in my longs. Thank you very much for your strategy.
manu,
i am also confused like u. the upmove is too
slow so there is doubt of impulse. my only feeling is that
if we move closer to 5000 in next few days then we can retain
some sanity if we have sold some. i think sir, manojag.. also
need to thro some light
PIYUSH 5000 or 6000?
bec few days aftar nifty too 6100 rahegi JNSAR HIT AFTAR 1-3 DAYS also
@prashant shah 5000.
U K Raj
Are you long now? when did you book your short?
wait for a target of 5768. It will move past it.
we r coming for just 100-200 point and u talking about 750 point 5750-750=5000...any ways best of luck if 5000 is coming my view is nifty touch 6000 agin
5742 spot is a good resistence level. on a 60 min
intraday chart= 50SMA @ 5746. One shud take a small
risk here of shorting with 5-7 points slosss above
5746
genraly upmove or downmove start v slow then aftar going v fast
downside trgt for shorts = 5698 or so. Below 5696,
will be difficult for an intraday pullback
@Crorepathi
Yes. @5675NF booked and reversed to long.
hi dear sir Ilango,
plz some view on bank nifty
regards,
alpesh
Sir,
Massive covering or 5700 and 5800 calls by writers. Idealy suggesting NS moving over 5800 anytime soon. Under what sceneriao would TA suggest NS going over DHEMA of 5777? Do we see NS reaching 5850 levels through TA? Regards
@prashant shah
Though i was long on my trade. I used yuor exit call.
Thanks
@prashant shah,
i never said it will come. it might come. market either
rises or falls if it wont rise it will fall. if it wont fall
it will rise. simple.
u.k.Raj
Good going...so you are following hour JNSAR
@ Jhakkas,
If CE is covered in a big way, it reflects the short term reversal scenario.
How much higher it'll go, we don't know. There are multiple numbers from 5790 onwards upto 5900 - the emas/ smas/ earlier supports becoming resistances, etc.
As the larger trend remains DOWN in week & Month, the rally will reverse at one of those resistances. We should change our views if Nifty is able to close any week above its 5 wk Ema.(For this week, it is 5871.)
nifty currant ATP is 5730 thoose who long kept 5 rs below sl that means 5725 ... i agin entar if price near to 5731-32 with sl of 5725
is fast fall coming??
thanxs sir for ur valueble view
@Crorepathi
Y'day gap up opening i am unable to reverse. But around 11.30 i got the same lvl. It is very very tough going.
50 SMA intraday at 5746-47. B careful please
Its not very easy task for Nifty to cross 5751.The timing looks slightly not unfavorable for immediate up move.Because after that it will have tough task for next 2.30 Hrs.to stay above it.
Dear sir can I find the JNSAR calculations on JustNifty???
no plz...there is'nt any MASSIVE covering of 5700 & 5800 call....there is only indecisive approach at bothh the strikes...the accumulated OI suggests that people are both buying & writing 5800 call while the bais is more towards buying in 5700 call which is understandable...
notably, good writing is hpng for all these put strikes : 5800-500...significant to watch are 5700 and 5800 strikes...
sir, if possible and if you have time your views would be helpful.
regards
Bulls may go for it in the latter Hrs.if they want to keep the momentum up.
above 5746, may fire non stop. Till 5746, there is still
the risk of a fall
sir ...5700-5800-5900 call not covering infact add 5700 call 4 lac add 5800 call add 10 lac and 5900 4 lac add ...jhakash says k writer covering i cant understand that
Dear sir can I find the JNSAR calculations on JustNifty???
Dear Friends,
As per the Quote Table for 5700 & 5800CE it seems that there are more buyers then sellers.
Thanks & Regards
Sanjay Kr Jaiswal
1.00PM TT & Chart updated.
@ Ka,
Nifty has manage to keep above 5-ema (Or yesterday's high) and attempting towards DHEma in a day or two.
As mentioned earlier 5790 - 5834- 1st resistance; moving above them <5834 - 5874> zone.
On the bear side, If 5700 is broken, 5665,5645 below these new lows. How much lower, no idea.
The short term(Hour-UP; Day-Down) is up as long as 5700-5730 is held.
Knowing the direction helps to plan your trade.
Is NIFTY chart showing DOUBLE TOP? Can someone confirm
If YES, then we should see DOWN side
Am very thankful for taking time for this precious brief !
take care
here, for understanding purposes...that since market is firmly trying to get past HH EMA after conquering D EMA, channces are good for it scale DHEMA is bright. Can we understand this way ?
look for inr and $ index..
it seems they r giving a direction..euro started yesterday
one more thing inr is traded as par to nifty..in volumes
defty ppl must be watching ths closely..
sir comment
@ KA,
That is the normal route if the higher trend is also UP.
"5730" holds the key now.
also...sir...i want to bring it your kind notice an interesting observatin....it actualy did that way many times...
hour 9 rsi...if we use trendlines..it works superbly....to cite the recent example of a supporting line joining its lows since 14th...
again...kudos to you for teaching us to have this sort of eye....
any inputs here sir ?!
i did caution every1
@ Manu,
If the Dollar Index holds 78.575(approx.), it could start a reversal to "UP".
"Caution time".
The rising Wedge in Hourly chart broken. downside!!!
thnx sir
15SMA intraday @ 5700. Below this as Sir has pointed
out= more trouble. Cover 75% shorts at 5703
Thank you Sir for your Analysis.
Market showing its true color.
as i wrote= it fellfurther. hold shorts with sloss 5703
now
i have personally coverd 75% shorts at 5693
@The great Prashant. You had guided every one for timely
exit. Please keep it up! In future share your strategy to
all the blogmates....
5682 is good support zone
Market tanked suddenly...5688
it seems 5600 coming very soon...
Sab teji teji karte hai per teji nahi aati hai, ek baat mujhe batla de tu aisa kyun karti hai
Mera double qty ka SL tha bach gaya, varna aaj to phir......
Sir Conservative long or Short?
i covrd all my shorts at 5790, n m long on an intraday
basis only, now for trgt 5718. Sir is right, = sell
on rises
yday low holding ????
Took supp. @ S1?
@ deepak...shorts @ 5790
5703 holds the key now= UP OR DOWN?????
NEW POST DONE.
Ilango Sir, What is the criteria for reversal. Doller Index
rise or fell above or below 78.575? Please explain.
all shorts= b careful here. 1 sided movement likely
now
resistence at 5712 now preety solid one
@gsingh= I covrd all my shorts at 5693 n 5690 range.
M long at 5690. resistence at 5712. Current support at
5701 now
@gsingh=there has been a huge short build up at 5742
range. Altough i m long at 5690, I will not take any
chances below 5701. Will cover my position even
at 10 points profit. Sustainence at 5701 will b the
key now
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