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...
101 comments:
Dear ILango sir!
Give him KALI PHOS-6X (Germany) 4 Tab X 4 times in a day and see the result soon, Its a wonderful Homeopathic Bio-Chemic medicine without any side effect and i m giving it to my patients since 15-20 yrs. U also can take it, its wonderful for memory, anxiety, bodyache, weakness. In short its the best mind & body tonic in hands of a Homeopath.
Rgrds
Kumar
sir, if bn touches jnsar of 10665..then again its a buy?
Hi..Kumar,
Thank you. My wife gives him Bach remedies(flower medicines).
The problem is the duration of concentration..
"4 times in a day and see the result soon" Kumar Sir must he also write the exam?(for the results).just LOL. (Noted for self)).
Vidya - what would be the Future price at SAR level?
@kumar sir,
thanks, hope you are in touch with JN....can my son take that he is 7.5 yrs old, studying in 2nd grade.....
sorry sir, i'm using JN blog for other reasons, plz paradon me...
thanks
its 10690 above on bn fut RG sir.
1 to 2 pm
optidx Diff. OI
5300 PE = - 19200
5400 PE = + 21300
5500 PE = - 214750
5600 PE = - 12700
5300 CE = + 73850
5400 CE = + 106450
5500 CE = + 601000
5600 CE = + 84850
@Kumar Sir,
Thanks for sharing. Noted for my kids too.
Seeing the OI values, today's close be below 5500 above 5440.
@ Raja sir Gold cover 50 point profit.
@Prabhakar, Many times I found the price come into action first
& we get the dalayed OI data. We cant believe on OI data by
NSE site since it is delayed by 15min & you seen today
what happened in 15 mins... Sorry if I made wrong statement.
@ Vidya,
If it comes there, you may do so based on JNSAR method.
BN is trading in a broad range. Refer Stockwealth. It's pivot being 10725. 10400 being the bottom.
Nifty is struggling below DEma which is quite far away @ 5506.
Thank you Kumar Sir.
My son is in 10th Std.
@RG, Whats action today on 2.30pm is it +ve or -ve..
bhaiyo friday 2:30 effect kya bolta hai +ve ki -ve
Dear ILango sir!
Its best for concentartion, even every stock market trader must take it. It works wonderfully in all manner so u can give alongwith those medicines. If he has some problem of confusion then he must need some other medicine too that i can tell u after knowing all his symptoms so u r always welcome at my e-mail id.
For all: U may give this medicine to 10 days kid to 100 yrs old person, even if he is healthy...mind my words..Its best mind & Body tonic without any side effect.
Rgrds,
Kumar
thank you sir, and thanks to kumar ji..im also looking forward to take that medicine.
This is the serious fall we have been waiting for...
@Tigar, No regrets. You are correct. OI data is updated every 10 minutes in my trading terminal.
It is like all other indicators, gives a view, a sudden oi increase/decrease between the 10 min refresh can make a lot of change.
Dear Sir,
Best Of Luck to your sons preperation.
Also could you post a 5 min chart of Nifty with your short term EW markings, if you do that on 5 min time frame.
Not for analysing current market direction but for studying purpose.
Thanks
Hi..Kumar,
I have one Homeopath at home. She keeps telling us to open our mouth and puts in a lot of white
pills.. I must check to see whether Kali Phos is among them.
And thank you again.
@ kumar
Thank you sir. take note of it for my son
sir, you mean intraday fall or overall...
even 5435 spot breached...hopefully 5380 today?
The 10 ema daily on google finance & J10SAR daily are not same.
If any body following google finance charts pls comment???
Let see RG Sir's 2.30 factor and Sujatha Mam's 2.45 villian's performance today.
sir not his fault.
the board has very vast syllabus that a
person not very
keen on studies will be bored. the board is run
by catholics and few similar schools remain affiliated
more on relationship basis. large no of schools
are on cbse it is
much more student
friendly and progressive. no point in forcing someone.
like u say do what comes naturally.
@ vidya...yes true.
A 3 hour chart (Begging Master's permission) ---
https://picasaweb.google.com/yinyangfire/FIRECharts#5569757337874190450
Can anyboby help me to choose good trading platform?
I am fed up with ICICI Direct now.It should be reasonable..
How is Ventura anybody using it???
@ Fire,
In downtrend, that is a bearish flag.
@Tigar,
Trader Terminal of India Infoline seems good.
Master,
You uttered the very words I was hoping and dreaming for ... :D
NF would break this Bearish Flag with a new low.
2.30 factor is -ve.... Looks like.Jakarta closed +15pts.
I am using Ventura it is good.
@FIRE, Thanks, we are holding long..If so.. Can we short now
at what level???
Be cautious if nifty break 5425, if it will break the series of higher lows and will resume its down trend again…b’coz from this is 3rd day when nifty made higher highs and higher low…5425 can act as laxman rekha but below 5425 it will be the sign of failure in trend reversal
@Tigar,
It looks like from the master's charts that 5416 is the make or break level for momentum.
@Tigar, i am also holding long. sl. 5418.
target 5430 aa gaya
As of now, its still not leaving the 5430-45 levels.
@tigar
try RKGLOBAL
@ Anuj Sir.
I am a novoice in Commodity trading.
Just trading over my levels only.
Start a blog few days back but cant update due to my business
comitments.
CAN WE SHORT NOW????
Sir,
I am expecting 5250 levels if 5400 decesively breakes this time. what's your EW view . i can't visit often, but check @ EOD or time permits before closing. And Expecting 5700/20 levels if 5550 holds. before this all in "short only"
Kindly post ur views whenever time permits.
regards
A Continuation H&S pattern in BN?
Sir,
This week, many times , Nifty fall 100 pts from 5535-55 , Now Nifty will go agin up and cross smoothly 5550 level, please advice , Thanks
Futures trading in discounts now after a long..long time.
@ Prabha.
Did u find problem in Pointer!
Mine got disconected regularly.
I have to restart it every 10-30 min.
hello kumar sir
could you please give ur email again here.....
i am also willing to have your free prescription if you dont mind.
thanks
please sir tell what is the impact of discount and premium ...
Ilango said...
Futures trading in discounts now after a long..long time.
No Musti, Pointer is working fine without any connection problem.
Ilango Sir
Any view on IDFC and ORDCHID CHEMICAL??
Last 30 crucial minutes. fingers crossed.
@Sujatha,
Master's 385 points fall tgt from 5556 comes to 5171. 161.8% of W-1 projected from W-2 comes to 5131.261.8% of (ii) of W-3 comes to 5153. So perhaps 5131-5171 could be a target zone? Your inputs would be very valuable.
Tigar,
Try RK global , Rs 9 per lot only for F & O. .ODIN charges Rs 330 extra per month and most importantly service is good.
@Musti
Reinstall software and while log in use server2
@ Sujatha,
Much Lower.
NF new low
please sir can any body tell me what is the impact of discount and premium ...
Ilango said...
Futures trading in discounts now after a long..long time.
@ Mohan,
Discount denotes bearish sentiments here.
Ok thx Uk raj & Prabha
@ krishna.... is there software good?
Thanx sir
5397 NF
@ musti and rajapaji
Thank you,Yes musti I saw your blog :)
Major last support in NF of 5410 broken .... Now more pain
5399 spot :-)sir wats next :-)
sir carrying shorts safely to home
Where is Manoj Bhaiya today?
Dabbang effect on Nifty: Nifty hum tum mai itne ched kar denge ki tum confuse ho jayoge ki resistence kaha se le or support kaha se.
Nifty Futures intraday update: CLICK HERE
@ vj..lolz
its ironical that yesterday there was news on how govt was thinking of preventing a flash crash seen last year in US happening in india. what a timely thought by the govt !!
Sai : View changed? Ashish says "end of bull market"
nifty double century(-) today??
RG ya bull market ended. But retracement up to 6000 can not be ruled out in next 1 month.
"200 point Intraday fall"..
already exited long at my stop of 5400. will again enter at 5340-50
@ RG,
Just Stay with direction, wearing the appropriate uniform. Underwears may change...Main Uniform is quite important.
Got it Sir. You are loud and clear (for so long).Thank you.
Sir,
This may be the 5th of 3rd, in that case it will target 5150-5200
if this is third of third of 3rd,
then much lower targets
@ RG...
The song.. Pirakkum podhum alugindraan Irakkum podhum alugindran.. oru naalenum..?? And traders lose going long in a bear market and going short in a bull market..
sitting tight on a position taken is such a tough job as a trader... i want to just kill my intelligence during trading hours...
Sir - thank you very much :) doing homework + getting tick mark from master is always nice.
Fire - Expecting much lower than your's..sofar mentioned "nearest possibility"..when time comes i will give a hint
Bhavan - REPOSTING FOR YOU
@ sujeet -thanks for your concern. yesterday low showed 5402 i scared nd closed my long..again it closed @ my "dear cam level" proved it today. yeah only one round did today.
@ Bhavan - i am expecting 5375/80 if at all 5460 not taken out decesively if crossed also crossing of 5500 is diffcult as of now. (today it may be a false breakout with the help of global +ve) our side is still weak. no wonder going below it as "everybody is speculating this one is support" but wht is the surety tht it's a bottom??? :) lolz caution... i am "only trading" not any positional
Bye - take care
February 2, 2011 3:14 PM
Sir, I think it should be Just stay with Just Nifty
what could be the target for this down move?
@RG, 2.30 factor was -ve as I said
@ ilango sir
Thank you sir.
Thank you and Bye Sir and Friends. Have a nice week end.
thank you very much sir...for all your comments which made me confident in my trade again...
thank you one and all for all their alerts, updates, everything. have a nice weekend everyone. bye sir..bye all.
ty misnomer for the early warning! And do blog your fascinating studies - on your own (which would prevent conflict, but reduce traffic) or with others. I'll be sure to bookmark it.:)
Hitendra 6700(-) wont surprise.
long live the waves. Rather, short live the waves..
@Sujatha,
Thanks.
Reposting from yesterday ---
"I think, the obvious thing is breaking 5400. But an illusion may be built that it is going to sustain. Again, I hope... :D"
This is not to brag, but to share my joy of my hope materializing(yesterday's upmove ate up a lot of my MTM)! :)
Likely close 5400+
@Tigar
... Scanning past comments, learnt about your desire to start brokerage account with Ventura. Wish to inform you about my on going problem with Ventura and its poor charting facility in Pointer. Please give me a test mail at dmwt@in.com. Shyam Biyani, Kolkata
@yoda: my long term nifty view of 4250 is conservative.. If i go by theory, i should have chosen a different point 4 which gives 3500 as target by May. I could not believe it, but after today. I think it cant be ruled out.
sir. Thank you for the analysis. Will keep 5150 in mind.
I have one more addition. If i go by my wolfe wave analysis on weekly nifty 5 yr chart which suggests a target near or below 4000, there is more probability of this being a 3rd wave.
@misnomer...we have to be very careful to speak of levels below 5000...to retest those levels of 2008 needs a very strong reason...back then it was a global sell off..right now the sellin is on account of underweight view on india markets by FII based on near term prospects & lack of positive triggers to push up the market...these so called hot money/hedge funds shift markets frequently to trade on positive news n event and similarly short as well on bad news n event for quick gains...levels below 5000 needs a real panic which is possible but not probable...again i m not an authority to speak on market levels but jst thought of sharing my views as fundamental side too needs to be checked to reinforce the decision making process..Thanks Amar
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