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:
@Yoda,
Bit bizare...but intresting, I have heard about that long time back but never experimented.
EEMZYE
RSI & KST giving positive signals
need advice
Ilango your site is going off sometimes.
What is the alternative address ?
@ llango sir. every day everybody on tv debate about OI here and there from last few series its not indicator now. just while bac on cnbc tv 18 it was saying that 5400 pe writers will have impact on market and last hour, how they can make different do they buy nifty shares . i really want to understand this connection as a learner. thanks
Look Like market is poised to move down more...
Dear Ilango Sir
Should it be considered as a fresh downmove with lower targets or a retracement to the upmove earlier?
Regards
@illango sir,
again put writers back....5400PE from 90lac+ to 1cr+....will nifty close around 5400....5400CE&PE above 1cr
Dear Sir / Saz,
Can you please throw some light on the concept of OI above one crore & Market direction... I am lost ??
Thanks
EEMZYE
Future Premium is coming down
nifty big boys all are in red....only last minute short covering should help nifty(thats the only hope)....
"5340" is done.
sir i have booked out remaining....at 5345,thanks....
my day is over....
kal ho naa ho!!! monday only...
More than half of the trading session is done, so far bears has not given any chance to bulls...I am done with my single lot of short. Tons of thanx to Ilango Sir!
exited nf march longs at cost 5476
Golden ratio point @ 5338, Yoda's 5330, Zigzag equality @ 5309.
And a minor +ve div developing in 5min NF chart.
If there is any reversal, it should come in the next lows..
freinds when is the railway budget and economic survery? does anyone know? thanks
Rail Budget on 26th & Main budget on 28th
What is economic Survey??
booked small loss in Nifty 5400 put @ 4.75 looking at 5300 call
Previous supports may act as a resistance to this bounce - 5400-5415.
missing OI data from yesterday
some one missed to post
be care ful crude cross 1000000000000000000
New low being made now with divergences intact....
Sir:
Can here Intra Long be initiated, with small SL
One more low to Yoda's 5330 will complete it.
SL for such a long should be 5320.
can agressive trader take long from here ? and if yes what is the stoploss.
now nifty try to upwards reached -110 level small bounce may happen any time but it will not try to reach 5400
Stopped out.
still divergence intact
100rs spike in crude in 1minute.
crude 4.5%up in no time...yesterday also 4% up.
5400 PE 450% :D
going to touch 500% :D the one who bought .. mala maal
Zigzag equality is also done @ 5309. Now we have run out of supports.
Anything "beyond here"(Below 5306) would be impulsive move which could target below 5177.
Sir Gap is filled Now can I buy at 5311
i think 5300 feb call may give 50 rs profit from now.
Tata Steel not making lows from 2 hrs.
@Prashant,
Remeber-Waatawaran baraabar natthi!!!!
sl for the buy of call should be 5304 spot...
Hi all
Median line system points to supports at 5240-5230,then 5170 and further down at 5100 which is the junction point of longterm trendline and downsloping pitchfork seen in daily chart
can we initiat long with stoploss 5306
buy BANKNIFTY PUT if sirs level broke for good risk reward ratio
sir below 5306 can we go short.
@ Operator,
For an intradayer, it is alright to attempt a buy here with a 10 point SL.
SL is a must for such contra trend trades. It is pure speculation..
70.7% -- 5301
78.6% -- 5269
Illango Sir,
Arent we deep oversold on the hourly charts, next 203 days can we buy nifty
SIR
its not STOPPING at all, the SELLERS FRENZY
is it a TRENDING DOWN DAY today,
support 5340-5330-5309 as well as 5300 all gone.
any SUPPORTS NOW
I mean positionally view can be different from an intraday view
Ilango Monthly L3 5296
any possibility of short covering?
OH what a niagra fall...oops step out so early:-(
When you look at the hour & 5-min charts, it may look deeply oversold but the daily chart shows a clear down that can last a day or two more.
Higher T/F trend prevailing over the lower one.
NIFTY PUT 700 %
@ sreyO
only at closing time
The move down is very fierce,looks like we'll reach 5190-5170 - 5100 in the next 1- 2 days ! and that will be double bottom...
"Sethu said...
Aggreesive long 5340 NF with sl 5300NF in small lots. BN not making a new low or dont go below 10420 is good for a temp bounce
February 24, 2011 12:36 PM"
"Sethu said...
shorts part booked balance held with tsl 5340 sometimes we get windfall
February 24, 2011 1:42 PM"
When was the trade reversed Sethu Ji???
Ilango sir i re entered my conservative shorts at break of 5306, which i booked @ 5360 today.Is it ok??
Thanks
Sir
Budget rally expecting 5656 So can I buy 5600 Call @ 53
If it has to reverse, it should reverse from this zone of 5275-5280
@ Operator
wait for some more time
5400 PE writers are murdered. Now murdering 5300 PE writers also would be realllllyyy cruellll
Unless until situation is not very grave...this kind fall will not happen on a expiry day..that too when there are 1 crore 5400PE written.I feel food crisis would trigger a big crisis in 2011. The unexpected crisis which cannot be by any means suppressed
Short covering has started...confirmed once the day low is not broken
sir,
nifty has broken all the levels..do u think it'll be black monday on 28th?
@ Operator,
Just as a potential hour +ve div disappeared at 11.00Am, the 5-min NF +ve div too has disappeared.
There is no indications of a bottom..yet.
eu recovering..
rail budget 2mmrw
can v short now? for 5177
New post done.
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