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...
77 comments:
@Dakshit,
In BN, 10335-50-85 (fut) has to be crossed before any meaningful rally can take place.So, I would take longs only above 10400 fut. as I would be long only above 5369.
BN levels are derived from retracements and demand-supply zones.
NS trying hard to move above 100 SMA on intrachart 5 min T/F.
Price attempted above 100 SMA on 07/02/11, but failed on closing.
Now, 5300 - 5306 may be resisted.
sir,
hope, u have recovered from ur shoulder pain ( as stated by crorepathi ).
Pl. take a break, if required.
v all r gonna be alright, with ur already mentioned levels, for the time being.
regards
Ravi
dont scare us.
let us go level by level, as mentioned by i lango sir.
majority of the stocks trading 4-5-8-10-12 % lower on my screen.
is this called a capitualization ( sorry, i dont know the perfect spelling ), then the short term ( 2-3 weeks )bottom is not far away.
ALso, data, which have been very helpful to me, to in expecting a bottom, also states that we might be in close ( 100-150 nifty points ) away to a medium term ( 3-4 months ) bottom.
sir..
if not breaking down in next half n hour then
this time algo traders will cvr shorts..
Maybe the new low is close by?
BPCL may join the downhill party!!
BULLS HAVE NO LIMITS...
YOU ARE MOST WELCOME TO NSEI HONEY VALLY ... BE CAUTIOUS ... DRIVE SAFELY USE APPROPRIATE GEAR ... SUITABLE
Sr SL
Tr SL
icici is buckling the trend. any news??????????/
reliance infra down 15%%%%%%%%%%%
MY TARGET ICICI 940
massive selling goin on.........
Anil AMbani to be arrested
Good afternoon sir and all :)
Missing everybody except "mr.market". 5227/5052 on the cards. for upside it has to "hold" above 5303 levels. No time for my "technical explanation". If time permits will join next week.
Bye take care.
PS : special hi to RP hope u r doing fine :) happy to see ur name in blog.
VIX at intraday high. now real panic start
Anil ambani going to arrest in 2 G scam so be carefull ................. pl confirm
Thanx Mam for comming and suggesting levels..
BUY IN PANIC SITUATION NIFTY MAY CLOSE ABOVE 5300
big brother shares are in green...
Yes. Got 1 sms from a buddy of mine. It seems like Anirudh Sethi has indicated that A Raja will implicate Anil Ambani in the scam. Arrest is imminent.
Reliance..
ANIL...AMBANI..ARREST TO....AMBITIOUS...AMBANI
NS double bottom in making if 5253 holds? Then 5340 would be the reversal level.
SAR many kilometers above from current candles..
hi marketpulse,
If anil ambani is getting arrested, all big corporates in india will get arrested, which will fulfil the expectation of LC, will happen for days & days. will it happen? i hope congress govt. will not allow it
Regards
Girish
bears are getting bigger n better..@ tiger..join the bear ride.
the carnage in stocks individuals is not limiting to any particular percentage levels.
this is a perfect capitualization signs
& also capitualisation happening close to levels mentioned by i lango sir & other experts on the blog ( 5185 to 5220 ).
any sign of reversal , the capitualisation ?
can one start cherry picking ?/
fencing against bulls
dead cat bounce from 17500 on !
eventual target would be 17k on sensex
ALSO,
all the bottoms made, after 9 th march 2009, have ended suddenly with a v share recovery,. b it 3900/4200/4500/4786 etc.
without giving any chance to buy to the retailers ??
can we start cherry picking ??
lkindly guide ??
Looks like a perfect bottoming day with the scary news and a very very oversold market.
Definitely this is not going to happen. This type of news will be there @ the last stage of bear rally so that small investrors go for blind shorting.If it is large bear rally, then the rally will come to end only with the fall of Govt and @ that time the bull gap created during the last election will be filled in.
NS hit exactly 5225! Hail the master!
@RP,
I think the word is "Capitulation". Hope you don't mind. :D
sebi prob to rel infra and RNRL THIS IS NEWS ONLY AND ITS OLD news came out at 2 pm may b FII LATE SO SELLING IN ADSL LATE HAPPEING,, sebi shought that rel infra result is FAKE to missguide all investors of rel infra this is news
from Mumbai Live trading
Bala: Now the govt. is under no risk, having agreed ( implicitly) to JPC probe.
Just a panic bottom is required and we can start a New journey from hereon. 5150 is my take.
RainMaker
@Fire,
is another bearish flag is made?
can any body tell why nifty future have premium while market falling
Major support @ 5220 level.
BUY BUY BUY
SL(5219 monthly closing basis)
A buy @ 5180-5220 is what we have been expecting for some time. But that would be an aggressive trade, full of risks.
I remember the saying of a new bull born out of deep bearish sentiments. Now all are bearish and we have to be ready for changing of coat. Thanks God, we have a master to guide!
can any body tell why nifty future have premium while market falling
"Kumaraguru" has always appeared at "Critical Junctures"..
@ Kumarguru,
yr sl is 5219 ( monthly closeing base)but many days
laft for monthly close in between if nifty down another
500 point fall then?
dax
i belive NIFTY won't go below 5220 or worst case 5085.
FEB range 5220-5550 (one month before
i have mentioned to few of our bloggers like ankit jain, srsmurali etc..)
hi kumaraguru,
1 point SL ?
Regards
Girish
Sir,
If this is the probable end of the 5 waves from Nifty spot 6181, how high can the retracement be?
thx a lot @ Kumaraguru
dax
dear sir Ilango,
can aggresive buy nifty?
regards,
Alpesh
@ Shr,
Following are the retracement levels
5,451 5,588 5,703
BROUGHT NIFTY IN PANIC & NOW @ EOD PANIC IS SETTLED..
we are talking about nifty and sensex. look at small and midcap these part of the world is in bear market since november fall. because in bull market stock does not fall 50%. in 2008 also first midcap and small cap fell first then nifty and sensex
I feel no more major BEAR for 2011 if 5220 holds.
Now range is 5220-5677. If able to cross 5677 then TGT1- 5982+
TGT2- life time high or 6600+
dear sir Ilango,
can aggresive or conservative buy nifty?
regards,
Alpesh
Thanks Sir.
If this retracement happens before expiry, then we can hope to capitalize by buying 5500, 5600 calls.
hi all,
Great day for the bears! If Anil Ambani is to be arrested, we're going to see much lower levels in the market. Unless this fall factored it in already.
Hi Kumaraguru,
Hope you are doing fine. Thanks for alert.
today last half hour avg may drag donw nifty spot 15 point
@Kumaraguru, is there any consideration on blogging again?
DB reality up 1%
@ Kumaraguru
supreb
dax
SIR, HOLDING MY LONGS BROUGHT @5235NS. NIFTY FUTURE IS IN PREMIUM
VIX @25.25. CAN WE SEE UPMOVE TOMORROW?
BYE ALL...
@Sujatha mam,
What a "Vaamma minnal" appearance and timing to announce the arrival of 5227..
Just imo, if it goes up smartly it'll only be for the bigger players to sell when the Ambani news hits the public to take it down another 150 pts.
Poor Anil, everything bad happens to him and he makes me want to support him.:)
dear kumarguru
u mean to say, if anybody nifty sees level like 5090-5110-5125 etc intraday, its gonna bounce back since, it is not supposed to close below 5220 & then we may see 5700-5980-6600 as mentioned.NO BEAR FEELINGS THROUGhOUT 2011
BUT, if it starts trading below 5222 & closing below 5220, then we may not be in a bull market, BUT a bear market.
is my understanding true.
thanks
Bye Sir and Friends. Have a Nice evening.
dear sujatha
are u still expecting 5052, when projection for ur 5227 met OR is it over ??
Trading above which upside level, wud u want to negate the possibility of a 5052.
DEAR I LANGO SIR
waiting for ur post market analysis.
still, cant refrain myself, from asking u a question. Is it over for the time being,with 5220 expectations met. OR do u still see a downside after lil bit of upside.( upside, still below 5348 & 5369 ).
SIR, after trading above which level, wud u think, that any retracement should be bought into, I MEAN, markets turns buy on dips .
regards
there are a few reasons i would not bet on the market going up too soon.
1. Fiis will wait for at least a quarter before shifting weight to india, they would wait for budget, earnings & inflation numbers to stabilize.
2. When developed markets lose their charm, thats when money will flow to EMs.
Somebody posted an observation of how indian indices are leading US indices.
3. Out of fii market value of $150 bill only 1.5 bill has gone out yet, causing a fall of 10-12 pc in the market.
4. Nse pe is 20.12 today. 12 yr avg is 18.3. Mode (max frequency) is 15. Market has some way to go down.
Ilangoji,
Nifty completed 1st wave at 5181 in Oct 2009 from the low of 2250 in Oct 2008. Then in 2nd wave it was in a-b-c-d-e corrective which completed at 4786 in June-10. From 4786 it may have started (i) of 3rd wave up and completed at 6339 in Nov-10. Now currently we may in (ii) of 3rd which can at best come upto 5156 considering 76 % retracement. We may now start (iii) of 3 up and cross 6350 and beyond.
Do you see this possibility if 5156 not broken?
@ Rajvada
I do not think that is a possibility for various reasons.
1. As per your counts wave 2 of wave 3 would cover larger distance than larger degree wave 2 consolidation which is not possible.
2. Wave 2 is normally a sharp decline and not an a-b-c-d-e. This is normally wave 4 characteristic.
although 5225 Is the channel support and an corrective wave which could take the market up to levels sir mentioned above is probable.
Life's Funny,
Thanks for your explanation.
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