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...
78 comments:
Ilango sir, wht can be a small SL for intra longs taken at 5730NF??
Thanks
@dollypine.i know its tomm.
probably u r right abt quantum of hike. maybe buy on rumor and sell on
good news
yoda - check aarvee's sensex chart r u using that?? r u able to do the "intra day setup"??? hope u know my "chart knowledge" :D pls. help
I'm just bearish right now on the market, piyush. Every long gets slammed.
@sharda, ive sold @5755, waiting for 30pts. should i hold it?
Vidya,
This stratergy is for those who play BIG
50-100 Lots of NF or wants to scale upto that.
Option Oracle
not using any chart beyond my own, SR.:)
@YODA why are you so bearish??
@Dear Mynac, volume profile showing biggest volume bar @5718 so can we keep it as SL??
Thanks. Just learning.
@dollypine,
i have very bad track record in intraday.
better not ask
me for advice :-)
@yoda,
maybe u wud be right but prices are saying otherwise
@jigs, Nothing in the market points upward.
I could be wrong, piyush. That isn't unusual.:p
GM mynac - looking out for your valuable O>I analysis with just 2 more days for expiry, with a policy decision pending and a holiday inbetween!!!
Crore - what is Option Oracle? Is it a software - says "download" - cud u please educate me if time permits?
*O.I
Priya Bhaiyo!
Rochak parikh ji beemaar hain so kuch unke baare me bhi thoda sochiye?
Manoj
i pray for early recovery of Mr.Rochak Parikh.
It's a software to analys option strategy. Go to config under General tab-> Online Server....select NSE and save.
Then in top left "symbol" text box type Nifty and then Update.
you will get all the Nifty option data and with that you can test your Strategy.
If need more guidance regarding charting and so, send me a email at crorepathi007 gmail
Very kind of you Crore. Thanks. Will try to learn - illiterate/ignorant in Option trading. This will help. I will send a mail to James Bond No.
blogmates
i want backtesting report of cnxit index trading with
buy above and sell below 10ema of past one year i dont have
any software to backtest it so please anyone can help me
send a report on my email jigusjaan@gmail.com.
Sir hope you dont mine in this cause i am requesting here
Dear Crore,
Thank you....
I will try in the evening or tomorrow. If I face any problem, surely I'll mail you.
Once again thank you.
Welcome RG :)
End of the day it boils down to "who makes money".
OHHHHHHH sorry Crore and others,
I am not the Critic
Jay(NTC)
Yes Crore. As your name suggests "let's make crores of it"
lol, Jay/ntc, you're like an an ad with disclaimer.:D
Yoda,
After a long long time.......LOL
It must be spring bringing everyone out of hibernation, Jay/ntc.
Sir,
You seem to be occupied with some other busy work!!! No comments at all from today morning other than "new post done"!!!
What should be the SL for today JNSR trade?
PS : AS mynac wanted Nifty close to JSAR, does it trigger a second buy?
rg sir,
i checked his message . he told it shud retrace to jnsar
at times ait does at times it doesnt. correction has come
exactly at prevous high.
@RG,
Any view about the ICICI result?
Thanks PS.
ICICI Bank Q3 :Standalone NII At Rs 2,311.7 Cr Vs Rs 2,058.1 Cr (YoY)
ICICI Bank Q3 :Net Profit At Rs 1,437 Cr Vs Rs 1,101.1
Hi Fire. Head Capable of cooking. ("good" results only). Till the rat bites off the carpet, nothing bad will come out.
@RG,
Thanks. :D
ICICI falling for the actual smartmoney to enter now for a big move
Sirji & Team,
are we Long based on JNSAR or OUT of it .. I always like to Get-In but, am always thrown OUT ;NIFTY or otherwise ... main aisa kyon hoon?
sachin, jnsar triggered long.
@Sachin,
Yehi mkt ka dastoor hai mere dost. Hum sab aise hain. :)
Dear RG,
Dear Ilango said in Premarket view:
"It could drop till DLEma-5668(+/-10) and reverse to break past 5705 or lower to move towards previous tops @ 5729-5748."
5705 is my stop loss for my 5800CE
Dear Lango sir ji!
Kya aap Dr. Kumar ji ke liye ek msg flash kar sakte hain ki wo Rochak ji se turant sampark kar le, asha hai is nek kaam se aapko koyi takleef nahi hogi.
Manoj
Thanks Dear mynac. I took it that u are looking out for an opportunity to increase Long on rebound. So u are Long ? That's comforting.
And I know it is too early & too brave to say so but never the less let me say:& it will not be very easy for Bears to break 5705 in convincing manner from here.
RIL is spoiling the bull party; Banks& metal are holding so far:) God knows when this RIL will help index to move higher...
Thank you guys, msg loud & clear .. We all (be)Long to Ilango :)
SL 5705 or 5695 (NF) ... pl. confirm Sirji, Mynac or anyone
mynac is bullish and yoda is bearish!!!that's nice!!! :)
Dear Mynac, OI in PE 5700 reduced from 15.2L to 13.35L in
last Half an hour. Not much reduction. Think may noy not
breach past 5700. I will buy CE 5700 for safer side to get
Max profit between NS 5722 & NS 5690
Mynac can you substantiate your views? Your explanation and analysis has helped a lot!!!
Sujjet - that's a heavy weight waste baggage in INDEX as of "Now" so ignore it and follow the "price" don't rely on that hope objection will come for my "view" :D it's my personal opinion.
mynac - with you :) riding both the sides
raj gopal ji, your views on tisco pls...
its fpo is fixd between 590-610..is it advisable to buy tisco nearest put of next series?
Ilango sir, can conservatives hav 5705 as S&R level now??
Dear Sachin,
My way of thinking is very simple that when Nifty atleast for the short term gave a intra break out from here so who would like to sell at lower level in a big way to get trapped,because the roll over for the next series is on very lighter side.i.e. just 67 lac 70 thousand only.We are thinking from day trading point of view so have little confused but those who have poured money since 5624,do you think will sat with crossed hands? So at present depend on "those Bulls" who have taken the responsibility of my position:D I am absolutely not responsible for my long position.:D
as expected smart money entered smartly in icici
@ manoj - Mr. kumar can come at any time. sir don'hv any objection i hope. hope he is busy it seems. I am requesting.
Kumar sir - please atleast come forward for my request "and give guidance to our dear Parakeh". he is suffering much it seems. hope you will definitely "turn". thanks n advance.
& I think so those Bulls have heard this poor soul for his intra exit.
@vidya,
How did you gauge smart money entering in ICICI?
@vineet,
its not technical but if you observe stocks' movements during results time or during news, its easily understood how results and news traps retailers ..either it b gud news or bad news.
since last 3 quarters i observed infy..it use to move upside until results announced and after results are announced(even if thy r gud or bad doesnt matter)..infy falls.
Its vice-versa with TCS.
also simple rule : buy in bad news and sell in good news strictly followed by biggies but not by poor retailers :-( :-)
@Vidya, May be same will happen with 2morrows RBI meet
The bank Nifty will crash after the announcement is over
any way market has discounted the news...
Very good call Vidya. TISCO on brokers SELL call.
(but it is market barometer for us).
@Mynac, Your expert comments please.....
Mynac bro,
kuch palle nahi pada ... no comprehende but, I agree with you - i'm not responsible for my Long position, i'll make my wife responsible for the same :)
I'm long in Feb Series & planning to go long in Mar series as well (is it worth the premium)?? ... i've started growing horns on my head (like a bull) & have been shedding my hair ... again my wife is responsible for the same
need help pl, i think its worth buying & go into hibernation till Mar? my trading style ... my broker pays me when i don't logon to the terminal & save his n/w bandwidth :)
P.S: I'm not an MCP but, again my wife may not vouch for the same
@Mynac, Where R U Hidden, Man!
Priya Sujatha ji!
Thank u aapki support ke liye, mai Rochak ji ki tabiyat ko lekar thoda pareshaan tha. Bhagwaan jald hi Rochak bhai ko theek kernege.
Bhaiyo Nifty filhaal 5760 spot ko cross nahi kar payi hai aur 5715-20 ke neeche aur weak hone lagegi.
Manoj
manoj: nifty could not cross 5760 and will be more weak bellow 5715-20
Dear Tigar,
I am not hiding any where but very much open.30lac O.I. addition in Feb series.Still approx.20lac to come today is guess,considering the last 3 days for expiry.
@vidya, Thanks for the explanation.
“ By Ilango Sir on13 jan 2011: Speculative logic is quite simple:
As the settlement progresses, the ones who are in deep profits aren't going to come to close their positions unless forced by "Fundamentally strong/ weak delivery based purchases/ sales". Such delivery based action will always get reflected in FII data as well as "divergence TA".
Since the bears are in 450+ points in profits this series, part booking happens which at best results in bounces that are unsustainable.
And your assumption that majority are shorts may not be true - there is no discount. Only longs come to dump positions on each rally which we have witnessed in the last 2-3 sessions. There could be much more "rolled over Long positions" in the market which could cause more pain to those who are already in pain.
This is a bearish view based on the price action so far. "5935" happens to be a crucial point capturing & sustaining alone may change the scenario.
As long as market is below "Trend indicating 5-Ema", the pressure will be on.”
mynac,
The above is a comment posted by sir in reply to Bramesh query. The views which you have presented today is quite contrary!! From 5th jan onwards, NS has been closing below 5ema. Today if it closes only above 5710 EOD it would be closing above the 5ema – but the factor to be noted is NF is trading in discount form morning continuously after many many days!!
I feel bears are waiting for a higher range to roll over the series rather than bulls fighting!!
NEW POST DONE.
Mishra ji!
maan gaye aapko, aap bahut majbooti se apna waada nibhaate hain..thank u bhaiya ji.
Manoj
@ mynac
I have posted the above comment in response to your reply to sachin!!
& just look at the low for Feb series.it is 5724 & today's JNSR is 5727 & tomorrow's 5720, means these 30 lac are rolled over above JNSR price.At present at least Relief for Bulls.
TISCO on sell call .. does that NIFTY will go under the water - gayi bhais paani mein?
I just love my Job :) ... hell with Nifty
buy puts and calls
action pack week likely
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