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...
87 comments:
Thanks Ilango sir
The warm welcome rubs off some cold here in North :))
I will try to translate in brief any imp hints dear Manoj will give for benefit of others, who do not understand Hindi. Let us carry forward.. :D
ril near days low of 965 again
Mishra ji!
Thank u bhaiya ji support dene ke liye aur ek raasta nikaalne ke liye...
Manoj
LLANGO SIR, when we were danger of breaking 5700 level each and every expert in media was talking about significance of breaking 5700. if we break that then huge slide. we broke that level with huge volume on 14 januarty and then nothing happened except 45 point slide on closing basis at 5655 and now volue is also completely dry up. we have also boke the rising trend line started from mMARCH 2009 after that we could not even touch it. 5700 is also important FIBO LEVEL fromm 4786 to 6338. DOES MARKET HAS ITS ON MIND WHAT TO DO? YOUR VIEW ON THAT SIR, THANKS
Dear AAR VEE sir, Nice to see you back and hope you are doing good.
Miss you in OJN2 along with mok.
Also missing PowerTrade.
Hi SkMISHRA,
Good afternoon,
Day before yesterday you posted 15 min. high/low EMA system,regarding plz give me/post your MAIL ID.
Thanks in advance.
@ Aarvee,
wrt your idea of EW labelling TT, the table during intraday update is made compact to give the most crucial numbers only. I would resort to EW tool only when it is compelling enough and the same is marked in the "Charts".
@ Rani patel,
Remember this always: When the higher T/F is not in sync with the lower T/F indications, the counter trend trades should be made with very strict SL. In a spread of less than 40 points, 10 point is the maximum you should keep.
Alternatively, 5640 is crucial for a break down. There are never rules for these but just guidelines. When you mark something as supports, market may, at times, break it briefly taking away one's SL and proceed to move in your direction.
Inability to move higher than DLEma is quite weak.
Manoj,
You can have a disclaimer below your message to avoid new comers taking up this again and again.
Disclaimer :I am good at understanding English but cannot write English
:)
pisgoa@gmail.com
@ Dakshit,
The answer in one word: "Sitting tight".(oh! that is 2 words.)
Hi Prabakar,
Nice to catch up with u too.Hope u r also doing fine.
ya i too miss ojn2.will try to post at weekend if time permits
Dear Prashant shah bhaiya!
Kaha tha aapse RIL aur SBI ne bade important levels break kar diye hain so Nifty sell kar lo, picture abhi baaki hai bhaiya..closing me laali cha sakti hai.
Manoj
option data suggesting some surprise upside !
Thanks sir.Trying hard to understand your system
Hello,
Sabhi bandhoo logo ko pranam.
RainMaker
Thanks sir
SKMISHRA,
Thanks.
ka please elaborate abt ur comment on options data?
bank nifty has a gap in 5 min charts near 10480-10540(Approx levels),if trade below 10480 may fall more which in turn may take nifty down also
keep close watch on bank nifty for any shorting clues
saath saath mauja hi mauja
Dear Crorepathi bhaiya!
Wo fir english na samajh paane walo ke liye ENGLISH me likhne walo ko bhi karna padega, wo lamba chakkar ho jaayega bhaiya. Raasta nikal aaya hai aur Mishra ji & Prashant bhaiya ne english me translate karne ki haami bhar di hai so no problem now bhaiya ji..Thank u aapke suggestion ke liye.
Manoj
@ Ka,
It is possible markets may move up & make another high past 5680 before falling.
Trading firmly above 5700 alone will be strength.
@ crorepathi - இதுக்கு பேர்தான் லொல்ளு..ம் ம்,
@ Prashanth - hi good afternoon
@ AARVEE - good afternoon. pleasant surprise to see u back :) yeah..excellent yearly cam/fibo level so not holding anything positionally, just trading. If not breakes here again then it may be a double bottom?? seniors comments pls. but i am expecting 5610 personally :D I am not wagging my tail there @ "OJN2" becoz experienced people like "u, mok" are missing.
strong addition in 5600ce and 5700ce...unwinding in 5700pe,addition in 5600pe...may see a jerk down
sir - pls. confirm is it double bottom????
CHanges in options OI is reactive and lagging right? Has there been instances of such OI changes being a leading indicator?
Hi Sujatha,
Nice to catchup(if ur in kitchen ,it will sound as ketchup:) with u.
Just wanted to know about 5500 levels in terms of yearly cama/gann level.does it signifies something?
U r my senior here and one of the old students of initial 2008 batch.:)
yes sir....thank you...
my comment was purely based on option in relation to the current price of NS & NF and i was not sure of the targets..
@ Sujatha,
As long as 5600 holds, it could be a double bottom.
But one should be cautious here as "S&P.500"(US Mkt) fell yesterday retracing last 4 days' upmove in a single day..
Though weekly TA is nearing bottom, no bottoming process/ patterns are visible.
Even in Hour TA, let Hour JNSAR trigger again for a buy..
Sujatha, LOL
I am a perennial bear, as Aushtosh Goswami said, "Assange is our man"
and in street, retailers are asked to buy.We may fall badly this pause may given for PE writers to escape
Good Afternoon Sir and all
Want to share some imp information
“China’s inflation hit 4.6% in December, pushing the full-year 2010 consumer price index up 3.3%, while the national economy grew 10.3% last year, Hong Kong-based broadcaster Phoenix TV reported on its website Wednesday, without citing any sources.” Guess what: it was spot on. Just released CPI comes at 4.6%, just below the “official” estimate, and down from 5.1% before, while 2010 GDP of 10.3% came above expectations (and in line with leaks) of 9.5%. Lastly, the PPI came in at 5.9%, to pretend to offset some of the consumer price inflation, also spot on with the leaked number. Which begs the question: why was this data, as bogus as it is, leaked? Actually, that question, along with the data, is very much irrelevant. In the meantime, the AUDJPY and AUDUSD couldn’t care less, both having barely budged by 10 pips.
Full data:
* December GDP: 9.8%, vs. Exp. of 9.5%
* Dec. retail sales: 19.1%, vs Exp. of 18.7%
* December producer prices: 5.9% YoY, vs. Exp. of 5.8%
* December consumer prices: 4.6% MoM, vs. Exp. of 4.7%
is murli deora so imp. for ril.ongc,gail?
@STOCK4SURE
Just to clarify. Am I right in assuming that the gap @ 10480 is Spot and not the BNF.
$index up,inr up, euro down sharply
Manu Bhaiya!
Murli ho ya koyi aur, cash koyi baapas nahi karta so jo dhan gaya wo ab gaya. Balance sheet na impact dikhaye par Mukesh bhai ki pocket pe to farq par hi gaya aur so called caretaker bhi gaye.
Maonj
Manu
Murli Deora was imp for RIL, see how he helped him against Anil and now RIL is at logger's head with NTPC to increase the contracted gas price @ $2.34 mmbtu to $4.5+
Earlier it was a national asset this time it could have been a private asset.
RainMaker
Priya Mitro!
Nifty ne aaj gap down open kiya hai aur usey fill karne ki saari kosish fail rahi hain so bottom fishing ki kosish na kijiyega...Picture abhi baaki hai mere dosto.
Manoj
by Manoj- friends, do not bottom fish in a gap down day, we have yet to see the bottom.
Sir – thank you
AARVEE - oh. no not much work in kitchen as VIPs out of station :) :D so keeping me busy in other works. Yeah 5500 is the 50% gann level. (5507) from yearly low. Now trading below the yearly cam level. 5677 is the yearly cam level that’s Y each and every time it’s trying to trade above and protect. :) senior is only by "date of joining" i am not a technical senior :P :P
Crore - :) mm..
Manu – murali is important to his “family” why for “companies” lolz.. ril is heavy weight wastage bag now in index looks like spoiling the whole index changes only unchangeable.
Where the slide will stop?
Dear S k Mishra ji!
Thank u apna waada nibhaane ke liye.
Manoj
No momentum on the downside.
@ Sir,
Not seen you talking about 'hidden divergence'. What's your opinion on that?
Regards,
Rajib
Ilango Sir,
Holding shorts in NF @5663. Can I close or wait for downside? Please suggest me Sir
Thanks Sujatha,
Bye all,
Thanks Sir,
Take care ,cheers!!
on the 7th and 8th sept 2010, if anyone is looking
at the EOD charts= please have a look. There was
a double top formation then. It may curtail the current
slide now, and make a IHNS formation. Sujatha maan,
cud u kindly confirm????
the level was 5635
Sir cud u kindly enlighten???? Deepak
dec 2009 close of nifty 5200 ...dec 2010 clsoe 6135 so 6135-5200= 940...50% of this 5200+420=5620 ,,,5620 numbures good for rest of da year
at 5635 level or so, longs have been createad by
almost 15 lakhs nifty
S&P 500 Futures has formed a bearish engulfing pattern. If the trend line in daily chart gets violated U.S markets may turn negative in the short term which may affect the rest of the world. CLICK HERE
$ index..79
mooka or dhokha?
What a view - NSE,BSE,MCS,NCDEX all in RED !!!
toofan ke pehle ki shanti, per kis taraf ka toofan, patna nahi
Illango sir/ sujata maam, M i right about 5635???
@Sai Bhakt= yae toofan bahot shorts ko maar daalae gaa
Illango sir, I m presuming that neck/head@5595, and
shoulders at 5635, for IHNS formation. please confirm
Sir I mlong at future 5636
RG Sir,
Thursday Toofan?
Or has it changed colors recently?
@ deepak, let a hns or inhs form first.
then we can analyse.
how do u know market will reach 5595,
if it will reach it will stop there.
even on a 60 min chart= stochastic is pretty sharply
down, hence not much downside seems to b there
Sir, even the WMD2( williams acc/dcc )type 2 is now
almost at its bottom ebb
@piyush= we got 5595 4-5 days ago= hence m assuming
that 5595 is the head, n 5635 the shoulders
BABY oh BABY= what a jump
watch spot above 5667= 5695 =1st trgt
there is also the risk of spot visitin 5640 once
again. but if this sustains= I think the IHNS
formation will stand
5595 must be a premerket level not there in charting packages/tech table
@piyush= did spot not touch5596 a few days ago??
now the option scene is exactly opposite........showing signs of exhaustion and downside probabilities....lets see what market will do !
apologiese piyush. I meant 5621 as the head, n 5633
as the shoulders. Cud u kindly see an EOD chart for
7-8th sept 2010, and kindly confirm??? Thank you
Resisted at exactly the DLEMA.
@piyush= watch spot sustaining above 5666.= 5695 -5725
Ck:Regular is +ve. I hope for a +7 to +12.Rest with Mr Market.
5657 shud act as a support now
GA
@Sir and all
Below 5652 dont hold Longs.
Abig Volume bar @ taht price
If holds & cross 5668 sucessfully can see a new day high today.
@deepak it is downward sloping. not a proper one.
it may form or may not.better treated as downward
channel than inhs
watch for a sustainence at/above 5666-5670 range=
FIIIIRRRRRRRRRRRRRRRREEEEEEEEEEEEEEEEEEEEE
NEW POST DONE.
2 PM update will have another "WELCOME" sign. Hi Bhavan - where were you holidaying? Looks like day of return of the prodigicals...cut the "fattest camel" !!!
YES!!!! YES!!!! YES!!!!!!
As I post & it start flying
WHAT A CLIMB BOSSSSS. HAHAHAHAHAHA
NO ONE BELIEVED ME
HAHAHAHA.JESUS MAAN =90 POINTS IN 5 MINUTS
I COVRD ALL LONGS AT 5723
WILL BUY AGAIN ONLY IF 5726 SUSTAINS NOW. ALTERNATIVELY
WILL SELL THERE WITH A 5 POINT SLOSS
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