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...
74 comments:
Hi hi - I am first here :) good morning sir and friends
Mynac - ur quote - bearish crossover, shooting star, evening star,spinning Top, a doji... something tough is there from here(5500) is my simple understanding...:D -
How dare u to forgot about this fool? = add this = 18th is FULL MOON DAY :D :D -ve div. in CCI(as per hrly chart) bearish engulfing weekly candles coupled with monthly bearish candles in full force still. Just a slight nasty surprise is enough for downside :D Higher side may touch 5550 not ruled out as 50 week EMA is around + 61.8% level from 5801 to 5177 there :) I am out from my long. I am viewing nifty with magnifying glass that too with bias??? no. not at all.. but practically
hi
Hello Sir & Friends...
Good to see Sujatha you in bear camp, i thought you covered your position. at least one person is there with me till 5560. Good luck bear
Good Morning Sir and Warriors
I have to agree, SR. The index has run up so far so fast its left all the moving averages behind - it'll either stall here or go down to meet them.
Sujata,
RG will help us today. Wednesday - 2.30. Let us get to 5400 today. :)
GM to all
Market will move only after PM speech today
@ sujeet - hi :)
Yoda - mm.. 1000 points fall in one month. 330 pnts raise just in 3 days. I hv done my EW (fainted..??) but not sent to sir..don't want 2 waste his time. If i feel any impt levels breakes means will send my "homework" for correction. or else to "honourable dustbin" as usual :)
@ C K - eenti sir entha thakkavana?? nakku ninda kavali :) akkilu ninda
Sujatha, prashantbhai, is the hawala
last day of month close or derivative expiry close?
Lower high and lower low on the hourly...
So much negative divergence in the hourly charts, SHOULD, not MUST pull the market down. I am also really hoping for that. But to buy in dips.
The hourly 10-ROC reminds me of the Mega-overbought condition, as it has not moved that way in the last 1 year or more. I have seen the power of that condition in daily charts of 2008 (mega-oversold) and 2009 (mega-overbought). But not sure about the implications of the same in hourly ROC.
Help anybody?
Indian PM addressing the country - Live on TV
Sujatha, prashantbhai, Anyone else knowing,is the hawala
last day of month close or derivative expiry close?
rani - 5604 is the hawala.. am i right yoda??
Kathri - why PM is giving speech? any impt day today??
He is addressing the media on his position on the various allegations made by the opposition and about the various scams.
rani hawala base on expiry ok:)
sujata u rite 5604 hawala so far na like chenai to mumbai--lol
Yoda, Sujatha,
But is it last day of month close or derivative expiry day close?
thanks prashantbhaiand sujatha
Bull Shit address...nothing can change. since last two years trying to curb inflation, still saying by year end he will curb it. Protecting Raja, no yet address of Black Money
today nifty not able to cross prev high of 5504 now last hope for bull ATP 5456 STILL PROCTED
prashant - shhhhhhh...finally i got it this desi formula :) thanks pls. lift ur ATP too more grateful to you :D
karthi - thanks.. just in one word "bluffing"
@sujatha mee ru telugu varaa?
SUJATA TODAY U FULL ACTIVE OR part active?
Suja ji okka basha helri aisa makkalai confuse mada bedari.
Ilango Sir,
You quoted your critic last month and said the expiry will be at lowest.
Is this month similar? I mean - bears shorted at much higher levels and roll over also happened above 5600.. If it is different, request you to explain a bit..
Hello Ilango Sir and Friends,
I am new to this forum, would request any body to start a new Intraday thread on Bank Nifty.
rajagopal sir i had buy nifty at 5475 can i exit my as nifty
spot break pivod 5465 .
RG - சாà®°் சுà®®்à®®ா சிகே சாà®°ுக்கு கொஞ்சம் பதில் அவ்வளவுதான். done. it's coming automatically லொள்ளு கூட பிறந்ததோ- குà®±ைப்பதற்கு à®®ுயற்சி செய்கிà®±ேன், à®®ொà®´ியை பாà®°்த்தால் எல்லோà®°ுக்குà®®் à®’à®°ு à®®ாநில பற்à®±ு வந்துடுதோ
@ Chinni - No. Pakka "tamilnadu" :P telegu thelusu anthe.
@ Prashant - aha!!! any hint r u gng to give?? crucial juncture.. probably "full present"
Anybody plz give update on options OI..
Sujatha mam...how you write in tamil here...
MAM,
Is there any software to write in tamil
reliance 960-62 and nifty top will happen together before any meaningful correction
exited hindalco short position
taken long in nifty for target of 5535.
@ Prabha - Installed NHM writer, it will show tamil keyboard also u can see that and type if you donno tamil typewriting , if you know tamil typewriting click and select whatever unicode u know and type it that's all. I am higher grade in both tamil nd english so simply change my colour often :)
@Sujatha: Please tell what is your target on downside and on upside which level you will reverse your position.
Please revert.
Thank you Mam...
5535 is middle point of 20 dma 5520 and last swing high 5550
upmove started for 5535
nifty only buyer?
"Market ko ho gaya Short Term memory loss"
Prashantbhai will buy nf above 5487 now
jay aa 5487 nu point kayan thi laaavya?
prashantbhai bought nf at 5489 prabhu
Bullish sign NF in 5 point premium...where are bears???
Sorry, rani, just saw your query now. It's the last day of the month close of the derivative of that month. So last day of Jan, jan expiry.
@ Sujeet - My SL is 5550. downside target can't tell now and this is not the appropriate time to post.
Thanks Sujatha! Price is rejected at 20DMA...next attempt by bulls
thanks yoda
btw nifty close on 31st jan was 5506 which is acting
as good resistance. That is why was asking the hawala.
oops. Atlast i am able to post.
Option expert can please throw some light on today's movement please?
Sabhi bandhoo logon ko pranam !
Is anybody facing problem with google charts?
Yesterday also I could not get the charts. It kept showing Feb. 15 - Close
Today chart (inraday) appeared for Feb 15 and showing Feb - 16 close.
looks like only retail is trading today no big players all taken id break ???
5400 call writers started unwinding, in past 5 minutes...
5500 call OI reduced from days high 86.6 lacs to 82.3, so a slight reduced OI there too.
unless nifty get past 5507 on upper side and 5460 now downside...see saw remains.
prashantbhai from todays nf low of 5459 it went to 5487 then corrected to 5473 so if 5487 crossed it becomes bullish sl for long now at 5486
placed stop loss now at 5475 my buying level
@RainMaker, Yes some problem with google charts. Not showing current day.
Rain - mm. google prblem, keep alternative
http://nsetracker.blogspot.com/
http://nifty.chart.tripod.com/
http://niftyrtcharts.blogspot.com/
triangle finished
OI AT 1.15 PM
Call oi (SOD) oi current Diff
5400 5137000 5007200 -129800
5500 7998650 8244600 245950
Put oi (SOD) oi current Diff
5400 10706400 11792450 1086050
5500 7169200 8018150 848950
PE > CE.
overall call oi up by .83%, put oi up by 3.04%
Good Afternoon Every body,
Is Market getting ready for 5540 ++ ...Big Breakout?...
being a new one in, can any one help me giving the url of Gauresh Sir's blog?
vineet & Sujatha Thanks
Chances of short covering are more.Nifty may go to higher levels.I booked profit in yesterdays buy at 5475 to today at 5495.Again bought at 5492 & waiting for 20-30 points.Kept 200 MA line as stop loss as per http://www.nsetracker.blogspot.com/.Only on last friday this stop loss has been triggered in last 7 trading sessions.
mynac - OMG, then my SL will hit :( :P
fortis is the share, which did not make low with the nifty @ 5177
ALSO, it is the scrip, which is closed to its 5700 levels @ nifty 5500
but, we need a confirmation for it to trade above 157
our tgts wud be in the range of 165-167 & higher
if 157 is not crossed, that wud be a case of double top , so bearish.
Dear Sujatha,
If starts to trade above 5495 firmly then The above said target looks easily achievable.Let us watch.But Bulls have come back very furiously.
Thanks Sethu for the update on Bank Nifty...why dont u start an Intraday thread on Bank Nifty if Ilango sir gives permission...as there is less updates on Bank Nifty.
NEW POST DONE.
prashantbhai exited longs at 5491 nf
Hi Ilango,
In Nifty hr and 35hr D chart.I am not able to understand one thing
Chart is plotted on hourly and what is the below indicator which shows overbrought and oversold conditions.
whaqt is the criteria of that indicator?
Rest all is fine with your postings.
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