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:
sujatha.
no level s holding after 6330:)
January 27, 2011 2:19 PM
heard on street MK: Heard on Street. .. Biggest Corporate Insider Trading Practice to be Flashed with 'proof' very Shortly: Prior to Announcement of possible merger of RPL into RIL(16:1)management of RIL Sold RPL Stock from their Treasury then created Shorts in Futures for RPL Then announced the Merger later at lower price. Sentiments for RPL Got a set back,RIL Covered their earlier Shorts thus Making Huge Profits in 'planned manner'. . RIL To Touch 920 once details of Insider Trading flashed by Sebi ! One can Bottom Fish RIL at those levels. Cnbc anchors short in nifty heavily and working on leaked sebi order flash on cnbc to see the final fall of market . . (Unconfirmed news so plz verify the news ..
expecting the upmove now...
Nifty has touched both 5-wk sma and 40 wk sma till now in this week.
Not able to move past 5800(5 wk sma) and currently not able to break below 5630(40wk sma).
The price action of last week & this week resembles a "pause" and the pause continues as long as above 5625.
manu - i am a "trader" so worry at all trading the "NOW' then go back to my "kitchen" it will hold manu i hv my "own views" still settlement around 5650/700 i posted this to mynac on monday and often cross checking with his option views. see gng now.. ride both the sides. but this "itsme" is throwing bomb :( let us see.
@ FIRE what is jnsar level for banknifty if that trigger than big fall. i dont understand technical to much
manu - read "no worry at all" by the way this worry is for you all like u, RG, PS etc., big Jambawans @ JN. me bahuttttttttttt chottaaaaa player :) check the IInd post @ last. Really manu after started "trading" seriously i become "unfit" for investor/professional trader. (combined trading ended n mess) previously i was doing "stock specific" in investing as well as stock futures too. Now "totally i am out of form" realising myself. so not at all turning that side. Only Nity/options.
@DAKSHIT,
It is 10768 for today which nicely coincides with the DLEMA 10766. A sustained move below this would signal something special for the bears.
thanks fire
common india cheap hai "firangiou"
nobody n planet has that gdp fig..
manu abhi thoda aur cheap hona hain
atleast 5550
banknifty sar triggered..corresponding future short level 10820
brakes 0-B line in lesser time tank C took.
lets c what FII's does last half hour..
BN took support@ the DLEMA.
5625 broken on NS.
Those who would have watched pre-market would have noticed that the premarket movement remained only POSITIVE never going RED today !!! Actual world is just different.
Nifty is closing this month @ its lowest point.
Ilango Sir, your critic has been 100% correct.
jazz..
what does that imply?
manu breakdown below flat gets confirmed , only thing is hourly has gone highly oversold..if wave iii then it will continue to be oversold...
5-min candle gave an intraday reversal and it got negated immediately.
@ Ilango sir,
I was also watching that but within your writing it made a new low.
Regards
RG Sir,
Your bank nifty - has it given the providence gift?
what a move....5582 today itself??
NF Breaks the support line: CLICK HERE
@DAKSHIT,
Must be feeling good! :P
jazz..
i m not getting you?
Illango sir's jnsar simply rocks..noone can beat it.
@ FIRE thanks because of you i hold my positon and sell trigger thanks
@sujatha mam,
any idea about closing?
no matter wats global cues,
no matter scams,
no matter news,
jnsar simply works beautiful.
@DAKSHIT,
This forum is about helping each other only. :)
only trade these days is short n rises
@ FIRE after your suggestion I HOLD MY 10800 BN PUT BOUGHT AT 22 2LOTS AND SOLD AT 90
CK : Thanks to SIR.
FIRE : Kindly warn me if at all, BNSAR is crossed on uppper side please.
What happens when someone shorts nifty but does not cover before the series comes to an end. LV
Any body buying here???
my take is hawala tick shall be 5598-97 (if not lower).
vix 7.2%up
Something fishy in ACC. At day's high cash & First month FO. But watch II month - at great discount. What does it mean ? Poor results but Shorting in II month not encouraged?
@RG,
:D
BN 10800 PUT MADE HIGH OF 135
Waiting for 10550/10470 in BN tomorrow.
what is the monthly jnsar?
An Observation only jan NF showed a massive selling of 10lakh in one go and it was not seconded by feb NF this seems to be a deliberate move to keep hawala as low as possible
Bye Sir - bye friends. Fire - Greedy??? Little bounce from here first?
venkatapathy > You get the cash in your account :)
What was inflation like
@FIRE tomorrow will I get high level to buy put of BN for your target of 10500 or premium is to high
also 5700 feb put saw a lower rate when the nf-jan made a new low it's highest price is 172 and closed at 166 the 172 price was reached at 2.40pm approximately and jan NF made a low after 3.0pm and this would mean puts of 5700 were written also parallely 5700 call in feb increased vol.substantially almost increase by 25% within last one hour.
the hawala will be 5604
@ Bhavan, Can U explain about hawala? How does it have effect
on Feb series..
@DAKSHIT,
RG is making me afraid. :) But I think the charts are encouraging me. Any bounce will meet my vicious selling! If I don't get my levels tomorrow, it will all be his fault! :D
But on a serious note, today BN looks more damaged to me and I will continue to sell on any rise for now. I don't play with options (not that intelligent), but with futures only. You have to consult the option masters here, like Mynac, Ka, Prashant, Musti... I have learnt a lot from these guys.
For me, the opportunity to learn here is no less valuable than any trading tool.
And don't forget to check Stockwealth in the morning to know our Master's View.
@ FIRE I play with option in nifty only but in las few days of expiry RISKREWARD is so much in banknifty option buy buying only now writing. thanks for your helpfullness. I dont know JNASR,TA,MACD,RSI. but I can understand cadlstick chart about yesterdays efuging berish pattern thats why I shorted nifty and bought put. BUT WITH GUYS LIKE YOU I WILL ALSO LEARN TA,JNASAR
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