Break out point would be 200sma @ 5635-5645.
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....
-
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:
nifty is moving up after missing jnsar by 10 paisa.
Western : Thank you for the valueble OoT. Nimbu,Amla...let's rediscover. Kumar Sir's Dates are also there.
A 5 wave move is done here. 5559 to 5413.
Retracements are likely to be: 5457; 5484; 5506
And this retracement will not come in one straight line. During this bounce, Nifty might (as in irregular) break 5413 but it should not be today..
Income tax department is probing a case against 15 foreign institutional investors (FIIs) for alleged undisclosed investment
PLEASE CONFIRM
mama miya... talk about on the DOT accuracy... missed daily-JNSAR by .10 points & has rebounded... awesome...
FIIs are facing tax liability in excess of Rs 2,050 crore. TAx notices were sent in early January and relate to assessment year 2008-09.
Excellent Point sir 5413 ? heads off
any advice for me
yes..no words for the accuracy of jnsar.
Shall I buy Now. with the SAR 5413 for today and tomorrow 5437
bank nifty is in action.
Oh.. It is going in one straight line..!
for any buying wait for hourly-JNSAR to confirm.as of now close above 5466 @3p.m will confirm BUY.... till then watch out for hourly close...
First retracement to 5457 is done.
After a pull back to 5436-5444, it "might" attempt the next 5484(Day's high).
i think it will blow 200DMA .before expiry
lot of people have bought put for securing position and will value zero at end 5600
Paadariyaen padippariyaen pallikudam naan ariyaen...
Sir Thank you. -40 u said Only Intra...got 50pts.
"PreMarket's Chart" playing out to perfection with EW...
Kurai onrum illai..
NF crossed dayhigh. sir, what is the next target in nifty?
kurai - "kaamalai kangalukkuthaan" why don't you understand it?
yes sir perfectly
Ilango sir, this is a going on or c??
@ Rajagopal,
Kurai onrum illai marai moorthy kanna
(I have no regrets..oh! unseen Lord Kanna)
@ bizagra,
With 3 days to go for settlement, with a 5 sub-waves done from the high of 5599 to 5413, a sharp "a" wave is on followed by a treacherous "b" and then a "c"...suggesting a close near 5500 for the settlement and surpassing 5500 inbetween..
(Provided 5413(+/-15) is held)
2nd retracement of 5484 is almost done...
Sir - I saw/heard this song(CR-MSS) sung by two "orphaned begger children" in one movie. Just owed that moment to thank almighty to thank everyday for what he has bestowed. It was a moment like "I want this prayers" beaten with chappal.
(I meant kurai is in the jaundiced eyes and why do you bother?)
Ilango sir , i traded my conservative shorts for 52 points..thanks
GOING SHORT NOW
oh..Ashish - as he has explained it means "kuch bhi kami nahin oh vedpurush Krishna"
Dear ILlango Sir,
NS crossed day's high , shall go for new short now,
are take long from here plz guide us
TRADING AT DAYS HIGH
What else is required to make profit? 40 Points in 5400 CE/lot..
Thank you Ilango Sir.
booking long here. because crude may bounce more than anybody thought
Sir, 3rd Retracement also done 5506...
I think Prabha we must ESCALATE our PSYCOPHANCY levels so that the NON-BELEIVING LOSS MAKING souls will understand. (in between comes the man blessed with many fathers, to curse behind the back and kiss A.. in public).
Sorry for the lovely language.(just pent up anger).
sir,
this is looking like the larger c maybe green count
@ Vijayaprabhu,
The sharp selling on Friday and the sharp bounce of today suggests of a keen tussle and with settlement only 3 days left, trading the range that is being developed would be a prudent thing to do.
Today's close, if above 5464, hold longs.
Ilango sir, sud i obey SL 5535 for conservatives now?
Third retracement mentioned - 5506 is also done.
The next, golden ratio, is @ 5528.
Sir Looks like the BULLS drank BEAR (BEER) for lunch??? Mon 2.30 Great?
RG Sir, you finally let it out. Kurai ondrum illai Maraimurthu kannaa...
Friends,
if Nifty take out 5600 with volume then a Inv.H&S will be formed with Head height of 400 points.
on hourly chart
@ Bizagra,
Trade these ranges...5415 to 5525 for the day.
We'll see tomorrow.
As per Premarket, I would place a sell around 5510+(Near to day high Ema)
Sir,
could we consider 5526-28 also be the neckline for the inverted h&S pattern? which will be bullish..
The sell because, I have already committed it in PreMarket. But I feel, you must trade this market.
RG, Your 2.30 and sir's premarket view made my day.
There were many such days earlier - never bothered to announce. May be it was a mistake.
Thanks - to you and sir.
Ilango sir that means i m carrying shorts even if closes above 5ema.I shorted @ 5510NF on friday and traded 52 points today.
sir,
it doesn't seem to be a retracement rally, it seems to be the larger C targetting 5600+, it will also fulfill the so called "Pre-Budget Rally"
@ Prabakar,
Yes. SAN had given this morning the possibility of an "Inverted H&S" reversal which is very bullish and Nifty took exactly at the low point that he pointed out.
I'll upload that chart now.
Thank you sir.
RG SIR
what is 2.30 factor. On what days it is +ve and _ve.Whether if in the morning it is -ve then 2.30 + ve . Please explain the theory behind this
Thanks
NIFTY@ 11 POINT PREMIUM
@ Bizagra,
It is far away from 5DEma now and poised near DHEma. I do not know your selling level.
5535 would be a +10 point from DHEma for a SL.
Chart uploaded.
Thanks Ilango sir.
Yes..Prashant,
It seems to be the alternative view larger "C" wave (5177 to 5506=a; 5506-5460-5599-5413=b)
Dear PowerTrade!
Ur multi support level 5380-5420 worked well, great analysis and good bottom fishing by RG at -40.
Kumar
i still think Nifty will hit 5350 this week.
Sir,
THANK U SOMUCH! Your warning at 2.10 has helped me to close my shorts. Though i have not bought, can I wait and buy tmw, will I get a chanc?..thx
crude may rally more be careful with long
@Rajapaji
Paadariyaen padippariyaen pallikudam naan ariyaen...
Sir Thank you. -40 u said Only Intra...got 50pts.
February 21, 2011 2:36 PM
Please update your statement before you say "bye" @ 3:30
That should be a fitting reply to blatant criticism
Is there a possibility that this is the 2nd wave up, if it is c of 4th wave. then it will break the inverted head and shoulder, which will give around 400 index points. However, 4th wave should not overlap the 1st wave ie around 5700.
Any explanation for this scenario.
link for live nymex crude oil
http://freeserv.dukascopy.com/chart/?stock_id=504&stock_id=504&interval=10&points_number=200&view_type=line&width=400&height=300&show_labels=true&osc_type=-1&rfi=false&height=300&p1=2&p2=3&p3=7&c=1153632&detach=true©r=true&refcode=8770a7fb27ee77df03fc836d9326a8f42757e856e366b79657b8d745077e14a030737379
Thanks Ilango sir
Got profit due to the confidence generated in me by referring your posts
Thank you Ilango Sir,
I watched the pre-market levels and worked Fantastically. I am trading very less quantity and exit too fast. I have to learn to hold for maximum gains.. Hope I will learn from this blog..
Thanks again for installing confidence for trading
Anuj Hi. Thank you for pointing out my "falling". Infact I move out of office by 3 pm and since not logged into my mailid, unable to post. Made it a point to log in now on reading your adominishment.
Bye Sir. Bye Friends.
btw Anuj - it is a ballard...a Tamil country ballard. It translates as "I am ignorant and illiterate" (which I am in TA). Sir said Yes for Intra Long when Nifty was at -40. Thanked him when Nifty moved to +10.
RIL SHOULD OPEN 5% HIGHER BASED ON TODAYS MASSIVE DEAL.EXPECT NIFTY TO OPEN 50 PTS HIGHER.GOOD NEWS FOR FDI IN INDIA
Post a Comment