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...
54 comments:
Reposting.
Sir re sell now or at 5865 levels?
@ Cooldent,
A pull back from 5840 to 5800/5790 is possible.
Above 5840, 5865 is possible.
Wait for 5950
can i long nifty ds lvl
tremendous volume last hour!
looks very bullish st/mt
@RG
Today 2.30 +ve or -ve??
Current week's closing will determine the larger moves.
Following previous week's big down move, this week should have a follow up fall/closing - 2 more days to go.
If closes above 5900-5930, the bullish scenario will raise its head.
Many calls are getting unwinded,seems move is with volume...as
Cash turnover- 11,500 cr
f&O - 1.52 lacs cr..
38% retrace @ 5882
50% retrace @ 5940.
hello sir n guys!
nifty halted at lower bb 20 sma...and moving towards midline at 5990 first trgt.
Wish my understanding of changed Wed 2.30 trend is correct. Lest Wed 2.30 is -ve. Last Wed was neutral to +ve.
Let the laughter begin.
Problem is a 60 nearby (5860). Nifty finds it always difficult to scale.
sir by bullish u mean larger 5th pendingof B wave
Thank you so far 2.30. Atleast laughter avoided.
VIX at 21.77 from 23.76.
Yes..Piyush.
The weekly break down should reverse for that. Keep the option open and see whether Nifty gets resisted at any of the "retracement levels'.(5940-50%;5997-61.8%)
i think 5925 is the stop of this uptrend...
thank u sir,
jnsar might be stopped but some of pending portfolio will
be liquidated profitably
Priya Anil Bhaiya!
Bahut bahut dhanyawaad, jab aapne apni study karke yahan par bataya tha ki 5500-5800 ki put february wali bechi ja rahi hain tabhi humne apni 5900 ki call me position aur bada li aur aapki dua se wo ek din me hi double ho gayi...aaj saari bech di bhaiya. Thank u bhaiya aur wolf-wave ji thank u...aap wakayi gazab analyst ho.
Manoj
this another 5 wave commenced at 5698.2
5900 calll unwinding is discouraging bears..too much unwinding...
high 60 lacs
current 47.5 lacs
almost 12.5 lacs unwinding intraday..
sir agin nifty reverse from 14day RSI from 33... sir why ppl dont look RSI? PREV NIFTY WAS 5690 THAT TIME ALSO RSI WAS 34 AND REVEST AND MADE 6200 ... sir i think rsi is v best indicator as par my undarstanding
nifty twice crossed the lower bb in 20 sma,,with lower bb flat or horizontal,,which indicates the revrsal for midline and upper band target.
@Manoj
Thanks...
@ all
r infra.. looks like double bottom.. 790 levels.
one can initiate a trade for a 4-6% upside :)
sl today low
Arpit
A 150 point Nifty rally without any correction !
One can go short with a Stop @ 5865 - Closing Basis
Reverse trade if EOD price is @ or above 5865 with your stop here on closing basis
Here is my strategy
http://img4.imageshack.us/img4/7127/captureycp.jpg
Come on nifty...nazar battu math lagana...it went down at double the speed.
Came 5880 NF
@ Sir
Have you seen HDFC and HDFC bank charts? It looks like a-b-c-d-e correction. This means a wave up remaining.
Even Tata motors it looks like a correction. I think this could still be wave 4 with one up wave remaining.
Whats your view?
Ilango sir, we carrying conservative shorts??
5300 & 5600 on the way
Friends,
Nifty Daily Stoch has also reached to oversold zone.
With Hourly Stoch turning up and Daily reached Oversold zone.. it was the low risk to get into longs.
weekly closing will judge that If this is a fresh rally or not..
totally this week is "trader's paradise" :)
can anybody post the sensex YEARLY LEVELS from 2007-10 OHLC figures. or pls. post where can i get it?
thanks n advance.
next resistance 5890 nse spot
nifty pcr shifted from .74 to .85 current
wolf wave
I dont understand. One is reverse the trade and another is 5600-5300 is coming
@ Life's funny,
I have not seen HDFC Charts.
We are playing some longs aggressively here - a directional move as a bearish corrective rally OR a new bull move. The Critical point of inflection will come @ 5935-5965 zone.
@ bizagra,
Conservative shorts remain.
You play longs with the one lot that was "Part booked" earlier.
A close above DLEma calls for "Buy on dips".
Prashant Shah : Your point looks proven. Do you consider 14RSI at 33 as reversal point for Nifty alone? Have you checked for stocks also? Pls respond at leisure.
ilango sir, i think we can now say this is 2nd wave??
Thank you Sir for your Analysis.
Again booked intra longs @5881 initiated @ 5857NF. I have no positions right now. Can I initiate shorts here?( it is above DLema)
Nifty Futures one minute chart: CLICK HERE
@ 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
@ Prabhakar,
As world mkts are +ve & you have booked out, it is better to make a fresh plan for tomorrow.
Thank you Sir for your valuable advice
@ Ilango Sir,
Sir,
How is Vijaya Bank and Syndicate Bank looks for buying
@ this level..
Regards,
Vikash
Ilango,
Can we say 2.c is now over @ 5865 and bear rally begins once again from tomorrow morning with the start of the 3rd wave ? Or does 2.c have still more to go
@ Vikas,
I do not follow those stocks.
"Buying" any is only of short term in nature with caution.
@ Nifty,
There are few options left as labelled in the chart above.
Bye Sir. Bye Friends.
CK : +ve mind - Happy?
Ilango can you provide me about 300 hrs data for the Metals and IT
Index (lattest)? sandyorg123@gmail.com
Bye Sir and all
RG Sir,
When you and sir have demonstrated the benefits of positive outlook, how can one not be? :)
Got down the bus in the middle... But It is alright for me..
As sir said.. either work is done... or work in progress.. nothing else matters..
So, now what... expedition to everest?
Will be troubling you occasionally like this.
Ilango Sir,
Thanks for the valuable lesson.
Can someone provide me the NF OI today data?
Ilango sir, I hv short nifty at NF5870.Looking for correction still on cards for tomorrow?
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