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 ... -
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
53 comments:
Dear Ilango sir and friends
GM,
Thanks for the kind words and Its really nice to see the efforts of Fire and Prabakar too.I always wished that the students discuss and take more out of the methods followed here .
@Fire,
Good work buddy ,keep it up and ‘lazy bones’ now should not rest.Pl. suggest a good link for ratio as well as time analysis .(something in tabular form preferable).Thanks.
@Prabakar,
U r doing a good job. Yesterday eod I saw ur analysis of different aspects,EW,moving averages,pivots ,options etc.I liked ur 5170 level cluster figures.The key is to correlate different aspects ,ruthless trading and conviction ,and simultaneously know ur point of invalidation .Keep it up
Following u both now.
sir..
techm..
bullish hammer at support..day low must hold..
fundam..
congress ready for jpc..so budget session starts
rv..hi..
but y 5400 pe unwinding..phas gaye hai kya?
As expected nifty took strong support at Monthly 20ema of 5255.
Sir,
I get more peaceful time at night, that's the reason of posting in evening/night.
I apologize if it brings uncomfort to JN family. I will reduce it.
Dear AAR VEE,
Thanks for your kind words. I refer to OJN2 for pivots,fib,cam and Gann and learning.
Above 5335-5340, it breaks out of the above channel...giving the bulls the first hope of a reversal..Aggressively Long.
"5296"-HLEma must hold for upmove to continue.
Resisted @ DLEma-5333 for now.
Trade above 5333 will neutralise day's bearishness...
Ilango thanks for the levels today. Traded in options today and booked profit.
Good Morning Sir and warriors
prashantbhai will buy nf above todays high of 5348 it will also coincide with the level of sir 5333 spot
sir,
till now nifty has filed the gap and retraced to the
5370-5335 rectangle. however ur words may come true and it may cross 5370
Hi manu,
How is it going ?
nahi jay bhai buy above 5355 bec prev day ATP IS 5355..THANXS
NF VWAP value is 5330.35 at 10.35am.
Is there any significance of increase in oi of Futures? With price Oi also increase for NF from morning.
Hello friends,
good morning
looks like Inv. H&S in 5 min chart... crossover of 5350(NF) shall target 5397 & 5420(NF)
There is reduction in OI of 5300 CE & PE both in last 20 minutes.
PRABHAKAR NF ATP IS CURRANT 5305
Ilango sir, if i m not wrong we r into 3.3.iv??
@Prabakar,
I think U R using Ventura's Pointer s/w for trading? If so, NF's VWAP levels is indicated in Market depth window as "AVg Rate" & same can be refered for levels
Chandrabose
As per sir level above 5333 bearishness neutralised today
5400 calls there is reduction in oi and 30% increase in 5300 call open interest. 5300 put oi getting reduced mildy but addition of oi in 5100 call by 10%.
Good Morning Bhaiyo!
Apne is blog ke ek saathi ke sahyog se mai ab ultra intraday trader ho gaya hoon so yahan aane ka samay nahi milta par jab bhi time milta hai to blog dekhta rahta hoon, Unka naam mai nahi le sakta kyonki unhe Objection hai. Positional trade mera abhi bhi Puts ke sath hedged hai so fikar not...aapko mere is old msg se pata chal jaayega.
MANOJ said...
"Dear Deepak, Mynac & Musti bhai Namaskaar!
Bhai logo Nifty buy karne me juta tha, 5430-5440 me Nifty future jam kar buy kiya hai aaj aur sath me 5400 ki puts 100-90 ke beech me le li hain. Nifty puts ki 60% cost to meri Nifty fut ke MTM ne abhi tak nikaal di hai...ab mujhe fikar nahi hai aur mera stop loss market me apne aap laga gaya, chahe Nifty 5200 jaye ya 5000. Upar me 5600 se sell karna start kar doonga aur 5800-5900 Budget se pahle hi dikhta hai. Deepak bhai aapko mail bheji hai, dekh lena sir ji.
Manoj
February 3, 2011 10:49 AM"
"5295-5310" if held in the next half hour and if moves past 5340, the short term bottom may be in.
If not, it makes another low or closer to it and end the short term downtrend.
@Prashant Bhai,
Now i could see NF ATP at 5307.16
@Chandra,
Thanks. I could see it now.
in NF there is 1 big sellar at 5347.90 Qty about 1.94 singal Qty.. i sold there at 5347 and i got 20 point
market going up but vix is holding 25
@santosh Bhai,
Means VIX is getting resisted at 25
11.00AM TT and a new chart updated.
Ilango sir, above 5340 sud conservatives also reverse???
Ilango it's a surprise - how do you work on these durations. Purely
on trendlines?
thanks prashantbhai and sir
but if any fall form here then vix will hit all time high
thats worring
Yes santosh bhai ... VIX above 27 will be danger for our markets
@ bizagra,
As you notice in the above chart, "iv"th may be on and it should not touch 5369. In an ending diagonal in 5th, that is possible. Moving past 5440 will be the correct "Long signal".
One more low below 5253, a compelling Long trade aggressively.
Conservative trigger would be 5440 as of now. If new low is done, then keep 5340 or the last highs as a trigger.
hello sir n guys!
boll band is crossed today and pull back ..
nifty should reverse from here...
BANNER .... Steep fall ahead be cautious
A fast fall setup?
@Aarvee,
I have been a regular follower of your extensive analysis these days. Master today honored me by naming me together with you. Talking about my laziness, it can't be cured, just like my migraine. :)
hi Ilango,
as per markings in chart above, wave 3 is less than 1, as 3 can't be shortest, 5 wil be less than 3, ie 5 will be less than 400 points, right?
Regards
Girish
February 9, 20
@Aarvee,
I am trying to create an excel file with some help from a friend, as I am a total ignoramus in IT. So, all calculations are in long hand. :(
Any good link, and if the excel gets done, you will immediately come to know of it.
THE MOST AWAITED HALF HOUR IS OVER AND MARKET IS HOLDING
5300 GOOD FOR BULL
Watch next 5 min, if ns 5315 holds, go long for intra.
@ Girish,
You have read it correctly.If it falls below 5157, the above view will be negated and more falls will be expected. This was covered in our weekend post.
Ilango sir, half hour passed and 5295 not breached, now can we say short term bottom is in??
I exited my conservative shorts to trade @5310, where can i short again??
@ Bizagra,Between 5339 & 5365 may be an area.
Hi dear sir Ilango,
plz say abt bank nifty
regards,
Alpesh
Master,
I have a nice Powerpoint file on Ratio Analysis, which may help the forum members here like Aarvee and Prabhakar. May I send you the file to check and decide about sharing with everyone?
Fire..hi..whr s fast fall set up?
any one idea what r iip estimates
and which date 14th feb..
NEW POST DONE.
@ FIRE,
Send the file.
call covering in 5400 calls
Prabakar ??????
iip on 11 feb estimated around 1%
at present NIFTY is 0000 level , just wait for break...and than go on...
@Sir,
from 5396 to 5254 = 142 points
from 5254 to 5340 = 58 points which is 61% of 142
so can we expect 5198 (100%) from here?
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