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...
68 comments:
Reposting
Illango sir Should we wait for 5395 to initiate Conservative
Longs or initiate in between?
@ Saz,
The buy level mentioned for Conservative never came yesterday though JNSAR could have been used too. Generally conservative triggers earlier than JNSAR.
As all daily parameters are in buy mode, buy in the range of 5Ema to DHEma.
Musti - what is happening in the Provision store?Nickle,Copper ???
Nifty discount increasing ??????
ce 5400 = + 189850
pe 5400 = + 614250
@illango sir,
thanks sir, bit confused... because both the levels crossed only in intraday not in gapup....so its triggered in intraday...........
sorry sir, if the question is like amateurist....
good morning sir and friends
@ Raja sir,
Nickle & Copper both in uptrend
If sustains here than can visit much hihger levels
In Hourly chart, MACD and Stoch ready to come down, but at bullish scenario stoch may stay at OB more time than we expect.
In 5 min chart, MACD just crossed from below, if sustains NS may go up.
oi - since PE > CE at 10.05am gives upward momentum,
But 5 min stoch is in ob area. May be 5405 - 5410 area provide support for the upmove.
@ Saz,
On Friday, it was suggested to book profits at 5170-5190.
On Monday, it was suggested to buy @ 5265-5285 - But it gapped up at 5340 and never came below.
On Tuesday(Today), the suggestion is to buy @ 5365-5395.
Aggressive trades are based on Hour TA and
Conservative trades are based on Day TA.
The meticulous trader could have part initiated long when Nifty closed above both Day Low ema and Day Ema on Friday.
Presently, a 300 point rally may be getting corrected. The retracements are :
23.6% @ 5,404
38.0% @ 5,362
50.0% @ 5,326
It is likely to be in the 5362 to 5405 zone.
@Prabakar
as 5400PE nearing 1cr at so early....it may go the otherway, to make them run for cover(this may be the moral of the story)....please provide light on this....
bought nifty at 5414 with sl 5405
PS,here in this forum ,very noble and knowledgeable souls,are collectively showering the guidance to protect novice like me ,
therefore for me all are seniors and respectful,
though in age i maybe above 98%,
thanks sir for providing clear cut picture....
5178-5474 = 296 point
61.8% of 296 = 183
5474 - 183 = 5291 point
that will keep bulls scneario intact and also fill the gap of 5310-5340.
If it is corrective rally then it can not leave gap open for too long.
gone with wind sl trigg
already 1lac reduced in 5400PE...from 99lac to 98lac
gm sir and freinds
@Saz,
For intraday the below is the diff in OI from morning.
ce 5400 = + 274900
pe 5400 = + 420400
still PE addition is happening and if we look this as put writing then NS may go up.
llango sir if we are in new upmove means assuming trend become bullish then what level nifty should not breach?
sir please update the TT table for hourly JNSAR... hourly-JNSAR is short @5410 right ?
Good Morning Sir and Warriors
Is tomorrow a Hlodiay ??????
Can anyone Tell how is 5th wave define
present situtaion and what are upside and downside possiblity at according
to this theory.
Sir answer expected form you .
oi status at 11:00am
Call oi (SOD) oi current Diff
5200 2686200 2666400 -19800
5300 4135350 4004100 -131250
5400 5030750 5331100 300350
5500 6070650 7077650 1007000
Put oi (SOD) oi current Diff
5200 6282050 6538250 256200
5300 7713150 7578850 -134300
5400 9397200 9573300 176100
5500 4954200 5528350 574150
Apart from the above 4 SR's, if we see the overall oi data, then
Call oi is up by 2.27%
Put oi is up by 0.92%
PCR_OI - 1.12
will overall oi data, CE > PE, may go down.
thanks Mr.Prabakar....i have bought mini nifty 1lot at 5400 more lots at 5365-85(max 3lot)
Good Morning Nimesh Bhai.
@ Ilango sir,
Hourly JNSar @11am close is 5420/21 (if wrong pls excuse).
Chandra
Dear Nimesh,
For holiday list, please goto http://marketpulse-snp.blogspot.com/p/holiday.html
Thanks & Regards
Sanjay
Yes. 16th is holiday.
@Prabakar.
Good Morning Dear
@Sanjay Jaiswal
Thanks Sanjay bhai
@All,
Has anyone got the book "The trading Tribe" by Ed Seykota?
@ Dakshit,
Such a strong rally of 300 point should not retrace more than 50% to retain its short term bullishness. Accordingly "5326" or the gap at 5319 should hold.
If this upmove is the 4 th wave, it could face resistance at 5520(20sma) or at 5620(200sma).
Presently monitor the changing Day Low ema to stay long.
lets have some fun....
1 var RAJNIKANTE stock market ma rupiya rokya
:D
:D
:D
:D
...vicharo result su avyu hse?
:D
:D
:D
:D
:D
:D
LOSS
:D
:D
:D
:D
:D
:D
RAJNIKANT hoy k eno bap hoy ...aa to share market che......
freinds it may be just be a running correction intrday today and mf may close up today
Dear Prabakar,
Tomorrow, 16th is not holiday for CM and FO, its holiday for Bond Market
Thanks & Regards
Sanjay
once Rajnikant invested money in Stock Market
Guess Result?
LOSS
Let it be Rajnikant or His father : this is stock maket
where can i get NIFTY-SPOT hourly close data .. anybody please...
thank you sir
Dinesh Bhai : Don't ever under estimate our Super star - and don't teach him one more way to make money. Kundali aisa hai !!! Just a bus conductor he was.(still retains the uniform). If he puts 1 rupee it will become 100.(it was a famous dialogue by him-tainted version)
@Prabakar
Sorry for the delayed reply. If nifty futures breaks today's low again we may see a dip towards the GAP. But it is better to be with the short term trend which is up. I am expecting NF to cross 5474 soon.
reliance may lead today
Now fall throughout the day may materialize. I think it ma fall upto 5290-5310 level.
by tomorrow. It may be slow grinding fall.
hindalco may be top loser today.
Dear MarketPulse,
Thanks for correcting me.
Nimesh Bhai, sorry for providing incorrect information.
@ dineshrishi sir,
But if rajnikant invest in stock market as per your guidelines of positional trading...........what would be the result....?
Then I don't think he will incur any loss.....
Dear Illango Sir
Dear rajagopal Sir n all,
Missed all the fun all these days. Was in Africa
for work. M back now. Lets wallop the mrkt
this correction may be abcxabc form which is slow one.
a done. b is on.
Dear San, Thanks for updating.
c may be closer to 5365-70 level.
@Rajgopal Sir,
The best thing about Him is that he is himself ... No show business ... a down to earth person ...Happened to see him once when was enroute to vellore .... Hard to distinguish him from the common man ... and that's the reason he is worshipped .....
Nifty intraday update: CLICK HERE
Nifty spot chart.
A 3 wave move completed at today's low.
Sir,
At 12 PM chart updation please. thanks n advance.
regards
Today's cash mkt purchase can not be sold tomorrow, so no BTST/STBT in cash segment: infn from broker.
now b is completed and c is on.
Can NF come to 5391 levels?
confirmation may come below 5440.
Ilango sir, can we say correction of 300 points over??
bought nf at 5455 for intra small quantity
NEW POST DONE.
OI at 12.00 pm
Call oi (SOD) oi current Diff
5200 2686200 2612200 -74000
5300 4135350 3962650 -172700
5400 5030750 5569250 538500
5500 6070650 7309400 1238750
Put oi (SOD) oi current Diff
5200 6282050 6656050 374000
5300 7713150 7873600 160450
5400 9397200 10076950 679750
5500 4954200 5673500 719300
Looks like tomorrow isn't a holiday.
http://www.bseindia.com/about/listholi.asp
Holidays Date Day
1 Republic Day 26th January, 2011 Wednesday
2 Mahashivratri 2nd March, 2011 Wednesday
3 Ram Navmi 12th April, 2011 Tuesday
4 Dr. Babasaheb Ambedkar Jayanti 14th April, 2011 Thursday
5 Good Friday 22nd April, 2011 Friday
6 Independence Day 15th August, 2011 Monday
7 Ramzan Id 31st August, 2011 Wednesday
8 Shri Ganesh Chaturthi 1st September, 2011 Thursday
9 Dassera 6th October, 2011 Thursday
10 Diwali Amavasya (Laxmi Pujan) 26th October, 2011 Wednesday
11 Diwali Balipratipada 27th October, 2011 Thursday
12 Bakri-Id 7th November 2011 Monday
13 Gurunanak Jayanti 10th November, 2011 Thursday
14 Moharum 6th December 2011 Tuesday
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