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...
96 comments:
sorry sir - door closed as usual :) u missed my "Q" in the morning :( no probs. One simple quote of your's "BE SIMPLY YOURSELF" :)
@ Prabha - 13.40 trade intiated... 13.59 trade closed... bye.. if i wait for market "what it will give means" i will get a slap instead "if i trade what i want (level) means" i will be happy. i am happy now. Out with my position. whereever it goes no worry at all :D
Bye Happy week end to all.
January 21, 2011 2:03 PM
@Sujatha,
Nice trading.
RG,
Friday came and gone early?
Given the high OI in Options, the same +-30 points movement would continue in Nifty to kill off the premiums.
@ka/rainmaker= as said = 5691 sustainence= mrkt seems
to have stopped at this level exactly
@KA /RAINMAKER/n all here= pppplllleeeeeeeeeee
aaaasssssseeeeeeeeeeee tell SIR to use my charts
n see= ppppppppppplllllllllllllllllleeeeeeeeeeeeee
aaaaaaaaaaassssssssssssseeeeeeeeeeeeeeeeeeeee
looks like it can attempt 5630 third time, if not broken then ????
The momentum for upside has to come NOW, or else
below 5683 decisively= nifty wud falll
Time to go long with nifty futures?
@ka m still long at 5684. Spot has crossed its 5EMA
intraday resistence at 5691.waiting for future to cross
over above 5689.once done= Shorts kee VAAAT lagagee
intraday. ofcourse= sustainence will b the key
Nifty should blast now
Is baar 5655-70 ka area hi bahut strong support dega, Nifty usse neeche jaane ke chances bahut kam lagte hain. 5680 spot par Nifty future aur buy kiya hai maine, Nifty kal ke 5634 se 5729 wale move ko consolidate kar rahi hai.
Manoj
KAAAA, as i was writing to you= UUUPPPPPP. Wait for 5705
n 5717 to cross, thn see the funn
kaa i exited at 5704. took another 21 points= no
position now
No fun. The plan seems to be hang the nifty in a tight range and eat away the premium of options in this expiry.
Both Side false breakout:( as usual Broker is enjoying
Reposting:...
@deepak,
How to watch nifty in http://www.investbulls.com/jCharts/rt.php
I login as free registered member. what is the code to nifty
January 21, 2011 1:39 PM
@ka= i know that u have a pretty good knowledge
of the mrkt. Wud u like to use my charts??? If yes=
call me on 09810393869, n i will give u my password
not only confusing... it is chewing the money of lower level shorters
buy 5800 call at 13 sl 5 target 50,
fast rise set up in hourly
expiry at 5850
@prabhakar= cannot log into the system without
becoming a paid subscriber@1800 for 6 months
Buyy only and only if spot sustains 5718
Thank you Mr.Deepak. I am able to watch cnxIT, Sail, Tatasteel etc., but unable to nifty
Good Afternoon Everybody.
Rotate sectors, hang the nifty and eat the premiums.
Whe least expected give a upside or downside jerk to eat away NF profits.
Dear Mynac, plz throw some light on nifty.
mynac good noon,me ilankaalai
@prabhakar= this is only a trial period lomited chart.
Call me on 09810393869, n i will tell u how to set up
da chart
Rectangle of Nifty Futures: CLICK HERE
@Sujatha
meet me a new blogmet
i mean i am ilankaalai
Three days nifty, net movement nearly zero, Options premium down by 30% in both CE/PE
Thank you Mr.Deepak
hello SAN good analysis,
i asked live chart for nifty,some of our friends gave some
links
i like 1)prbakar's nsetracker
2) tigars chartink.com
3)rahuls market calls link download
are fine links
SAN
this is metaquotes
is it also freeware ?
Dear Anuj,
The huge 26 lac O.I.intra addition in anticipation of Credit policy is there.Yet very much undecided battle.Above day Hrly Hema which is 5711 and which is yesterday close also short covering is only expected.Nifty trapped in Dlema & Hrly Hema.Some how Bulls shall try to give a close above 5700 for their survival.
This my very limited observation because today could not attend the market as usual,so let us see.
But big break out is possible in coming session if the O.I. shall remain added after EOD.Only the direction is yet to decide.
Dear Mynac, Missing you. What option data says now.
Please highlight to all blogmates........
@prabhakar= ur most welcome
Thanks Mynac
568- 5684 cud yet again turn out to b the big surprise
!!!!! buy here with a 6 point slossssss
i m long again at 5688 spot
@Ilan
I use GCI MT4 for nifty futures this is free.
keeping a slosss of and a very very strict one at
5680. i think 5683 will b the key nowwww
A late 30 minute SURGE either side is POSSIBLE. 5683
on the downside, and 5695 on the upside= either 1 way
Market Recovery of Nifty possible considering 1) Reliance Q3 nos.
2) Recovery in ONGC 3) Breakout in BN & good Q3 Numbars
May expect Gap up opening on Monday If as dear Mynac said if Bulls
managed to close above 5700
NO= 5683 n 5702 r the 2 levels
on a sustainence basis= above 5713= huge upside possible
A decisive move above and sustaining 5705= i think will
SEAL the Deal for BULLS now
Neeche ka jyaada ghar hi nahi hai, downside me sara maal le gaye operators. Closing time me strong hi rakenge, weekly closing 40-50 points upar to rakenge hi last week se aur wo closing 5DSMA ke upar hi rah sakti hai.
Manoj
Dear Tigar,
It looks that ,This O.I. addition deletion is also Bull's-Bear's policy,ahead of Credit policy.
So After the result of both policies we should decide OUR policy.
uuupppp uuuupppppp n away
now only 5705 needs to b crossed decisively, n I think
= a late new high
Ilango sir, are we carrying conservative shorts??
Dear Mynac bhaiya!
Namaskaar ji,Aap aaye tabhi bahaar aayi...humne aapko pahle bhi yaad kiya tha bhai ji...ye dekhiye..
Dear Mynac bhaiya!
Kahan hain aap, aaiye bhaiya ji aur open Intt par kuch prakash daaliye shayad tabhi Nifty ko kuch direction mil jaaye..waise mai to bhaiya poore conviction ke sath buy kiye ja raha hoon aaj.
Manoj
January 21, 2011 1:35 PM
Manoj
True Mynac, lets be on sideline & watch the game till some
decisive breakout...
importantly...
put strikes 5600-800 saw very good build up of short postions and 5500 strike liquidating long positions....good results from bigwigs....all this pointing out a good early next week....
views plz ?
regards
covrd my longs at a 8 point profit. too late to hope
for any surges now.have a great weekend all,and
thankyou Illango
Deepakji, you seem to be over exited today....guess you are in good profits. But frankly speaking this blog is specially meant to guide traders with simplicity & overcome emotions by deriving simple methods. Ilango sir had managed alot to attain it , but here seems like you are spoiling the goodwork & discipline generated by Ilango sir's hardwork & simplicity.
Sir - if u have few moments, how do you see it Sir? pleaseeeeeeee....
Dear Manoj,
Thanks for that.But this is not my full time profession due to very limited knowledge regarding this profession,I have.So used to visit,as time permits,and try to swim in the deep water with the help of you people and the reliable life guard Dear Ilango.
It is most surprising that when I m suggesting to all
here to convince Illango Sir to atleast see the charts
for the benefit of all,no one seems to b interested.
Every1 wants to give his/her SPEECHES including ME,
yet at least i take the credit of having made money,
and for initiating the movement to convince SIR. God
alone knows what all u ROCKET SCIENTISTS want???
Dear Tushar Patel!
Dont waste ur time, Mr. ILango said so many times to avoid these kind of kiddish things & he promised so many times also but this guy is like CHIKNA GHADA. Perhaps he is a teenager or dont know attiquetes.
Raj
Don't u All understand= WE ALL STAND TO GAIN from this
We are happy with Ilango Sir's method & guidance....Now when you have it all working fine and balanced , why to pull out our legs and try on new things...Simple as that
Dear Sir,
You said…false breakout and real break out…I observe that since last three months…many time market confused traders. After bounce back two time in November and December from 5690 and 5720…expectation as there was huge breakdown at 5690 but setback, no much movement …still 5700 …what to say .. I don’t know ??
@ Tushar patel= I m excited everyday= in losses or in
profits. i have the zest n the zeal to learn n do
things as I deem fit, with Illango Sir's guidance= i m
a far more polished trader now.Atleast i initiate, whn
none other dares!!!
Dear Mynac bhaiya!
Nadiaya apna jal khud nahi peeti, Heera khud apni kadar nahi jaanta..aap real me ek diamond ho yahaan par...aapko baar baar salaam bhaiya ji.
Manoj
ILLANGO SIR, i kno that u do not hold me in high regard
yet, for the sake and behalf of all here, may I humbly,
and with folded hands, plead to You Sir, to kindly
have a lookat the charts pleaseeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.
rgsir,
its still in the triangle. what i feel if that helps
Dear Deepak
We are all here to learn from Mr. Ilango and also to share our views. It does not mean that we can take the liberty to put pressure on him to do whatever we want. We are happy with Ilango's TT and views that we dont need anything of this sort .Please try to understand and remain calm.
Dear Friends,
Adjusted close will be around 5696
Thanks & Regards
Sanjay
Dear Deepak,
Don't mistake me. Just cool down. Ilango runs a full time profession and office, in addition to his own trading and the time that he spares blogging for us. Time and again he has emphasised that he does not trade in shares (individual counters) intraday or short term. Above all, there are no resource available with us that he does not have - he does not need ours to check on any charts. Just this. Cool down and enjoy our togetherness.
Have a nice week end friends. Bye Sir.
50bps ???
Thak you Sir for your Analysis.
I closed my yesterday's shorts. No positions now. I may not attend for 1 week trading due to some domestic works.
Bye Sir and all.
@Dear Tushar,
U r getting me wrong. All i m saying is that
as Sir himself has said that he uses an intraday chart,
with his knowledge n experience, the chart i m talking
av will give him a better insight of things,n then this
will benefit us alllllllll bhaiyaaa
Thanks PS - so it is left to Mr Subba Rao to break the triangle love?
Have a nice week end PS.
Deepakji , its always good to learn new things and also good to hear that you are very much polished with Ilango sir's guidance. Infact all traders in markets undergoes polish mode and everyday is a new learning day. But sir am not here to create debates , am here to just follow ilango sir's views & so does most others do.
SIR= PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
@ Rajagopal= point taken. n cooling down
@san
thank you san
bye rgsir. bye all have a nice weekend. bias looking up
but till triangle breaks only god knows for sure.
put strikes 5600-800 saw very good build up of short postions and 5500 strike liquidating long positions....good results from bigwigs
Mutual Funds
Good show deepak. There is nothing wrong in your enthu to ask Sir. After all I prayed to god to bless me to marry Aish.... Nothing wrong.
Have a nice time.
Thanks and Bye Everybody,
Have a nice weekend...
Tushar and deepak,
Arguments often break out in this blog when the market is being difficult - best to ignore each other.:)
Those of us who aren't overly excited are either old or old in the market.
re: Ilango's charts - I don't think he views anything beyond what he's shared here. Perhaps the RT charts will help you, deepak.
lol, RG, good one.:D
Yoda...Agree with you
Mynac. Have a nice weekend u too. Waiting for your comment
on F&O Oi..
RG,
Do not wish. The wishes may be granted. :)
And later... we wish.. we should not have wished.
Happy weekend.
RG
"After all I prayed to god to bless me to marry Aish...."
Aish with four dots means with four kids
Amen
RG:
Aish aur aaram ke saath zindagi!
Sounds a little "robot"ic.. :)
Cheers
FOR EVERY ONE:
RG will feel we are all competing with him... Be careful.
RG:
I was speaking about your 50bps. Sachee Bat... Dil kee..:)
You know the truth. :)
Arguments for 25 vs 50 bps:
25 bps : (1) High Inflation due to supply side effects. Monetary measures cannot fully alleviate.(2)Frequency of policy meetings is now higher. (3)Can always hike outside policy review meeting. (4) The last IIP number is weak & asset prices relatively subdued.
50 bps: (1)RBI cannot be seen to be behind the curve. We are desperate was the last statement from Gov. (2) 50 bps will have the shock value(3) Even non-monetary inflations eventually end up being monetary! (4) Global cues seen as mixed with commodities threatening (5) Rest of Asian central banks have all become hawkish
The bond market is discounting 25 bps. I won't be surprised with 50!!
Cheers
KRG what abt 75 bps hike ?
CAD touching 4.rbi will step in now and take some serious actions this year..
Jazz : I doubt. While there would be temptation for RBI to do strong measures, this is clearly a supply driven inflation. Plus the actual borrowing & deposit rates have been quite high on account of systemic liquidity tightness. A 75 bps would be clearly seen as negative and for that reason, RBI would avoid. The 50 bps also suffers from this logic. A via-media could be that they do 25 bps and talk tough. If I were the Gov., I would do say 75 bps and reduce CRR becos of system liquidity issues
CAD is a direct link to overall growth, and they may look to Rupee value rather than interest rates to manage the same
Jazz: BTW, does wordpress require different settings? Was unable to view the contents of your blog
no there are no such issues in wordpress
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