My prayers and wishes for those children who appear for their exams.
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...
66 comments:
Reposting;
GM to all.
@Sir and Sanjay Kasliwal
Prayers and best wishes to your little ones
and best wishes to also all the children of our JNmates.
@RG special wishes for Goldy ;Her exams start from 1st?
Also a special thanks to Kumar you have indirectly helped many of us a lot.
posting;
i think 5320 - 5340 is important level...breaking of either side may result in violent movement.
sir, sanjay, uk raj, rgsir, bhavan and other blogmates.
best wishes for children and parents too with board
exams.
@yoda,uk raj excellent poem
Dear Ilango Sir & Blogmates,
Heartfelt thanks to all of you from the bottom of my heart for wishing my daughter.
Thanks & Regards
Sanjay Kr Jaiswal
Ilango I DON'T KNOW WHY?
BUT WANT TO GO FOR SHORT
can anyone have the link to view live budget on computer.....?
just for info. Nifty above hawala so wait for imp. resistance levels before shorting.
Ilango sir in trade table word S&R is changed to ACTION, is it same thing??
Thanks
@gauresh
u may try this..
http://budgetlive.nic.in/
http://www.moneycontrol.com/tv/
@Bhavan,
I was just thinking about this. Thanks for the alert.
@Indian Trader,
Always it is a mind and heart game. I am also having the intuition that market will go down, but i also feel that Govt already in large scale scam hit and to subsidize the heat produced, there might be some fruits expected, which may take nifty up. I am planning to wait till the upside is reahed, then short as the main trend is down.
today nifty can move to 5120 from 5355 - 5365 level..
Ilango sir, can you post elliot wave count from bottom of march 2009 sir whenever relatively free, i guess today is budget day so might not be possible today
@ PRABAKAR - THANKS
FYI : NIFTY NEVER FOLLOW HEART ITS A GAME OF MIND IF YOU FOLLOW HEART SOME TIMES IT WILL BRING LOSS AND GOOD THINK ALWAYS BRING PROFIT AS FOR NOW I AM IN CONFUSION SO I POSTED THAT AND NOW ITS CLEAR :- BETTER TO WAIT - THANKS AGAIN
Hello there Sir and pranams,
my charts have turned me super bearish,
with tgts of 4800/4300 initially..
the upside looks capped at 5550,
but i can't seem to pin point the route Nifty's gonna take..
Does the oversold chart above mean that we shouldn't be selling near 5360-80?
thanks and pranams once again sir,
niftynikhil
Ps:-
it'd be great if you could gimme some perspective on the charts, they're @:
nathnifty.blogspot.com
@srey0,
5340 is a support, 5360-80 is a resistance (intra chart).
can sell below 5338.
;)
Pranams,
nn
TIME TO ACT KST REACHING 0 ZONE
Hi All, Market looks bullish but there have lot of call writing, so be prepared see some nasty surprises. Trade with strict stoplosses ! happy trading !! Navnit
@niftynikhil
thanx
What TV
http://www.ndtv.com/video/live/channel/ndtvprofit
friends who are interested in budget commentary
please visit http://in.specials.yahoo.com/budget2011/commentary
PREPARING FOR SHORT :- NIFTY MANAGES TO STAY ABOVE 0 ZONE ON KST
Good morning Everybody!
Thanx for all those people mails who are benefitted by my prescription. Thank you Bhavan for ur kind words. Wishing huge success to all students and requesting to their parents for being with them in any result.
Rgrds,
Kumar
Hello Sir & friends...
Hmm...so every one is gearing up to short. I will not trade today as any thing can happen with in a fraction of sec. on Friday short i was shitting with 54 points gain and in less than a min all gone. SO the crux is don't trade in such days...I think market will move 2-3 days to the same direction what ever will be by EOD...
@Dr Kumar: What is the dose of Kali Phos 6x, for adult and children...
5-6 small round tablets for children, 8-10 for adults
Tata steel making new lows..
Dear Sujeet & all!
Its 4 tablets 3-4 times for an adult and 2 tablets 3-4 times for childeren upto 12 yrs. One must take last dose before sleeping & that will help u in sleep too.
Kumar
Thanx! Noted
Master,
My best wishes for your child and every child who is sitting for the exams. I still remember the feeling. :)
A study on Vix,
looks like Vix is ready to shoot up ten notches:-
http://www.facebook.com/home.php#!/photo.php?fbid=10150094579858173&set=a.10150093227433173.278434.681138172&theater
@Sujeet,
You must consult Kumar once more if you can ... with gain! LOL :D
Fiscal Deficit is concern, even the Q3 GDP is 8.2% Vs 8.9% (QTQ).
@Fire: LOL! Abhi loss bahut hai...Gain jab hoga sure will consult.
NS touches 61.8% retracement level of the fall from 5495 to 5233.
Also R2.
Huge negative divergence in 5 min. chart.
VIX is down 24.26 (-3.01) now.. may help bulls, but still it is budget now.
Sir had said..if VIX below 24 then there will be a further rally.
Same thing in BN.It also hit exactly the resistance shown by Master in the BN chart.
Vix can really help in deciding the direction..
Support and bullishness in the vix, was at 26 levels, even though 24 is major support.
indiavix cmp:- 24
BN 100 rupees off its high already.
GA Everybody
Thank you Master for teaching the importance of divergences and EW.
So far as per our map...
Master,
I was going to write just that! Hats off for zillionth time... :D
Sir:
Wow! What a Fabulous analysis exactly from 5395, it has reversed. Hats off to you!!!
vix bounced from 24.
Nifty looks bad.
Ilango sir, sud i wait for 5275 to trade my conservative shorts? or sud i trade shorts as as i m not good at it?
Thanks
Thumbs Down to Budget
@ Anuj,
Nifty unlikely to trade above 5371 very easily from here.If it will then also 5400 is the big hurdle.What do you think so?
Now High Voltage drama has started...
@mynac, thanks for yr wonderful observations as always.
a fast rise setup is coming out...
will hit 5420..
illango sir can i short nifty now.
Singpore Nifty April series @ 5590 :)
Master,
The last rise is looking like in 5 waves and the fall in 3 waves in 5-min. chart. Is it correct? Any bearish count supporting this kind of behavior?
second attempt to cross 5395 . but failed. sir please comment
Master,
Studying your premarket chart, it seems that c of iv is getting completed now, perhaps with a new marginal high. It would nicely support that behavior. Perhaps new low time coming? Any rectification on my observation would be very enriching.
Ilango sir, hope today we ll be reversing @5425?
I believe we are on the way to fill the gap at 5397.
@Prabhakar,
A nice bearish flag has been created.Now please break it... :O
NEW POST DONE.
there goes the vix below 24..
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