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...
85 comments:
an anybody tell me the link for open interest in NSE site?
A 5-min. chart of NS following SAN school :) ---
https://picasaweb.google.com/yinyangfire/FIRECharts#5570864895591038178
@sreyO in nse site in right side DEIVATIVE then click on f0 chain
has hourly-JNSAR triggered @5420 ????...
Sir- Does it look like a contracting triangle? Seems like example 15 from Sujata's ewave pdf.
@Fire
Nice chart.
From that it looks like a Bear Flag to me.
@San,
Thanks.
sreyo:
Home > F&O > Option Chain > Strike Price
NS hit exactly the upper boundary @ 5429. Now...?
fire wants a repeat of friday afternoon :-)
http://www.nseindia.com/marketinfo/sym_map/symbolMapping.jsp?symbol=NIFTY&instrument=-&date=-&segmentLink=5&symbolCount=2
@Rajgopal Sir ..
Seems The 2.30 factor will butcher bears atleast till 5473
finding resistance at 5440. yesterday's breakdown area
why think during trading hours just follow sir hourly-JNSAR & have peace of mind..
@PS,
Exactly. Now PT has given me the exact level I had in mind.
thanx dakshit & manoj
@San, Your 5443 NF reached. Great as always.
Thanks. What next? :)
Yes prashant. Your are right. A stiff resistance.
@ firem maybe its just a retrace till breakout
point 5443
by god..
bears r really strong..
A false breakout? Dare to hope for it? :P
Hi Guys! new to this blog... Looking at RSI chart and Stochastic charts... looks nf headed down
everyone expecting a fall..
Nifty Futures intraday update: CLICK HERE
Big position built up @ 5400 PE, may be market will get support 5350-5400 range. ....any one has any view ??
@Manu,
Right now I am not expecting a fall. I am hoping :)
My 2 cents... Nifty looking strong because 70% of Nifty stocks are trading above 50% of their days range.
hourly jnsar gave buy but poc in NF stands around 5445 so..giving some resistance there.
+1M shares written in 5100, 5300 & 5400 PE. Big addition in PE OI.
Nifty Future needs to cross & sustain 5448
sir's MP values are of 30min timeframe..the poc i mentioned is 5min timeframe which is good for intra players.
@shabSaif ...
May views exist a rise till 5473 then a fall till 5150 --- A rise till 5520 then fall till 5440 and again a rise till 5620 then a falll till 5150 --- or risting at 5440 and a complete fall till 5150..
but currently 5400 is being treated as a decent support as of now
who on this planet has a 8.6 gdp forecast(leave china)
no one..
come on fii s
@manu,
who has pe of 21+?
As master repeatedly said, Corrections are always difficult to label. But fools dare where angel fear to tread on. So - could it be abc-x-abc in the 5min. chart? It could be confirmed by a break below 5421.
OI in PE 5400 stands now 99L
Today is a day when we have to be happy with 20-30 points in NF ...
ps..hi..
indonesia,malaysia,chile,brazil,southafrica,peru..
Or a zigzag with c completing @ 5440? (it looks neater to me too) :)
r they making highs? india has fallen frm 26-27
The 3:00 pm bears have woken up and back in action.
what a fall !!
Hi,
Has anyone noticed why 5900 & 6000 CE's OI reduced 1.7 Lacs and 1.1 Lacs each.
Does this indicates short covering on these CE's and whoever covering are they expecting market to go UP above 5900 or 6000
Please advice
Time: 15:03... Now 70% Trading below 50% of days range...
:)
Dhananjay .... good views
power of bearssssss
great fall
one more short with jnsar as sl..gave good points. :-)
@ FIRE bn has given conform brake down now?
Time : 15:09... Nifty Spot 5389, 85% of stocks trading below 50% of days range.
Enjoy the climate with right uniform ON!!
@POWERTRADE....I think and hope you are right....Thats we call in hindi 100 hit by goldmaker and 1 hit by ironmaker( Sow sunaar ki ek lohar ki)
@POWERTRADE....I think and hope you are right....Thats we call in hindi 100 hit by goldmaker and 1 hit by ironmaker( Sow sunaar ki ek lohar ki) Now Bulls are Sunaar and Bear are Lohaar
sir
is the bull run over..
@vidya, how did arrive SAR( stop & reverse) for longs taken @5420 after 2:00p.m... because sir update the TT table @3:00 p.m ....
Hi..Rochak,
How are you...Come to save the bulls..!!
:)
vix stands at dh wen nifty at 5385 morning..
now wen nifty fell to form new daylow at 5376 then vix is still not dh..
so any comments on this...
Very Very Happy to see your post back RP Sir. Welcome Back.
In this type of move, I take a very ulta trade. Now I took a 5500C and 5200P, total cost 90. Will wait till one of them becomes 100+ to close position. This trade does not give profit always, but most of the time gives when, hourly OS wants to go up, main trade down or vice versa.
@RP,
Its great to see you back.
@Dakshit,
definitely.
Rochak,
welcome back.
hello friends, i am rochak parekh
i am dedicating the above mentioned blog, to all the love, warmth, co operation, well wishes, i have received through my last difficult days in my life.
i wud want i lango sir to lead this blog, with his able guidance, i wud be sending password for this blog to i lango sir through e mail.
i want this blog to be a platform for all the health related issues, problems of JN people. This blog wud be limited to JN members only.
In my difficult days, i felt, that we laymen have least knowledge for health related issues. So, i decided to have such a platform, on which JN members can seek & share health related advice, suggestion, informations, weblinks, knowledge, doubts, queries, as i feel there are too many people around to help each other specially on a critical issue called health.
i am feeling alright for now, but still some days left to be able to walk on myself without a walker.
for the timebeing, i found myself to be able to sit for an hour or two. so at best, i decided to utilize the period, for which i can manage to sit, to initiate this.
now, this blog is all our baby to be brought above by all of us.
hope, we make good use of this initiation.
PAHLE SUKH NIROGI KAYA, USKE BAAD JEB MEI MAYA.
( old hindi proverb - HEALTH IS ABOVE ALL OTHER THINGS IN LIFE, ABOV E EVEN MONEY)
regards
thanks u all for love & affection
@niftyfutures
I said: hourly jnsar gave buy but poc in NF stands around 5445 so..giving some resistance there.
so I didnt buy there..infact im in the journey of exploring how trading with hourly jnsar benefits and how to keep sl and where to book..all these I'm still exploring myself...
As of now..im successful with jnsar trades ....also shorting additional lots with jnsar as sl..wen price comes closer to it.
so, as you asked..wat cud be SAR for hourly jnsar...I feel..it could be daylow here..coz..5420 is hourly jnsar that time and dlema is 5410 around..so u can look for the nearest supports...but still there is no thumbrule as of now for hourly jnsar trades..so one could exit at nearest resistances and keep with small trailing sl..
my observation again worked today when POC of 5445 gave good resistance from where nifty started to fall which I took the advantage of shorting with good sl as jnsar.
good to see u rochak
@Dakshit,
BN spot getting resisted @10400. probably will close below it.
RP WB
Nifty almost forms doji once settlement price comes.
Welcome back ... Rochak sir
thanks Vidya for taking time to explain... will explore more in that direction...
@Rochak,
Was eagerly awaiting you, glad you'r feeling alright "now". Now should start that exercise part of treatment also. Am confident, soon you will forget about A.S. - Shyam
RP its nice to see you back among us.
It is good to hear that you are starting a blog on health issues. As a true follower of Ilango's you are requested to keep it open for all.
Best wishes for your new endeavour.
RainMaker
looks like everyday small players take nifty up on low volume then big players come with exact time to dump their stucked long position to liquid and volume increases. exact times means for spot closing caluculation in last 30 min average rate
Became very happy to see you here Rochak
Welcome back............dear
-garuesh59
what had happened to RP?
DEAR FRIENDS
We all have in 1 common factor between us, that is i lango sir.
I wud request I lango sir to come ahead & lead us with the first article on the blog.
I am sending the password for this blog to i lango sir.
& wud request i lango sir to appoint one authority to handle this blog, as i am technically unable to design & lead the blog.
so, I lango sir, please come ahead, request u, please post the 1 st post on this blog & do the inauguration of the blog with ur thoughts on this critical issue HEALTH.
One more fact - please dont consider as this my personal blog, this blog belongs to JN people & dedicated to love & affection which we all are getting from each other.
REGARDS
OM SAI RAM
P.S. - A slight change in the blog name.
PLEASE PAY ATTENTION TO THE NEW NAME.
health4JNpeople.blogspot.com
SORRY FOR THE INCONVENIENCE caused to the friends, who have registered as a followers on the previously mentioned blog. b coz, i was having sign issue with the previous blog. SORRY.
Hi Rochak, waiting eagerly for the innuagration from Ilango
Sir..Can we expect from tomorrow?
hi Rochak,,,,, hope you will be in full action soon to help others for health and wealth,,,,,,,praying god for your fast recovery back to 100% normal,,,,,,,
Good to see you back RP. I hope all is well.
Dear Rochak Parekh,
Nice to see you back in action & all the best for your Health Blog.
RP,
All the best for your health blog and blog name sounds good.
Nifty critically closed below 5400 when low turnover is there.Trading below 5380 may show 5325 very easily & trading above 5420 may show 5450+ top.Cat on the wall...... Huge addition in 5100 PE is the biggest surprise of the day when Nifty is trading at 5400.Bulls on the back-foot?????
Dear Rochak Parekh,
Happy to see you back in action. Take care.
@manu
This is for you.
http://www.facebook.com/note.php?note_id=142888152390138
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