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...
96 comments:
can v short now for 5177?
Currently 200 DMA is far far away....near to 5620
can we Buy 5300 call now? what is the SL?
the price might attempt to test 5330 - 5340 levels before the final fall....
This upmove seems to be short covering
5280 protected. Below this, fresh shorts can be initiated
don't go for further shorts
market may recover at any time
writer may be in action to cover loss
result market may recover at least 50-60 points from here
KST reaching 0 line
SK MISHRA - :) :) what a "silient mode" i am like my faulty mobile(it will ring in silent mode also ) If i am silent in "giving my levels" also but atleast i will show my head here or else some problem will come to me finally i will land here :D Let me try to follow ur "mode" ofcourse i can't give any guarantee :) empty vessel always makes noice :D
again problem..anybody logged in BSE site? it's showing 22nd dated only, not 23rd and historical data of "a day" is not working anybody pls. post yesterday's OHLC figures. thanks in advance.
Yoda - too much how dare u to apply "moon theory" without my persmission, coming my advocate lolz. by the way doing deep reserch?? :D
rrkhan - sooooo greedyyy???
Hi alll :) good afternoon sir and friends and jai jinedra jay bhai
Jan expiry Nifty was down by 83 points and closed at 5604. Feb expiry seems going to make 83 the double
Yoda... GA... and Mubarak hoo aap ko aap ka 5330 aa hi gaya..due to ur EMA vision i hope u share it for all:)
facing problem in trade tiger charts
ideal point to short 5338. 5350 or 5400 if nifty gets there?
@Sujatha,
18233.77 18377.48 18150.01 18178.33
Ilango this is the final wave down?
Looks like a 5 wave down move today with this one being 5th of 3rd.
now buy van be attempted for intraday??
Indian Trader said...
facing problem in trade tiger charts
no problem, change ur server login again
or download script master from website
ps..hi..
r u thr..
what abt portfolio:)
spot jumped to 5314 not fut??
Sir- In all worries for finding supports, We forgot to thank our JNSAR which gave us almost 170 points.Cheers Sir.
@ Dinesh Rishi
problem is with trade tiger 2.0 but 1.0 works fine problems is my all tech tools are equiped with 2.0 only
thanks for your suggestion tried many time but nothing changed same problem from morning
@ fire - thanks. from where u got this? am trying since ysterday night :P any optional??
thnks n advance
1 hr left for this month
DR..hi
my broker always says
"sau sunar ki..ek lohar ki"
nifty futures < spot
ek lohar ki means Mandi walo ki ?
Ilango sir
can you send the trading procedure about jnsar...
I could not understand it yet.....people saying get 170 points but today jnsar is 5457-5467..???
Mannu pa ji SSA hope u enjoyed Puli
@Indian Trader - trade tiger 2.0 is giving lots of problems
i was not able to put square off order and modify order
so switched back to 1.0.4.9
hi manu 20% left
expirey 5250 aa shakta hai
I think I definitely underestimated the bottom. Maybe pre-budget made it so unpredictable.
noow short covering...will come
looks like v hv the low for the day 45 mins left ??
yoda..hi..
"underestimated bottom"
u think bottom in?
:)
Bought some 5300 CE @ 5.50 Taken small risk
Sabhi bandhoo logon ko pranam !
@ Mohan garg
http://tradeinniftyonly.blogspot.com/2010/09/jnsar-stop-and-reverse-trading-method.html
yes sreyO
@ SreyO - can't say definitely 5290 is the KEY below 5267, 5244, 5221. above 5290 - 5313/5316/5336 (FOR UPTO EOD) don't search for TECHNICALS, My sentiment nifty numerology :) :) already booked out one "small 26 points long" and closed my position.
@Mohan- JNSAR triggered at 5457 yesterday and we reached 5288..app 170 points. I meant 170 point as of now. JNSAR trade is still open.
guys remmber last expiry everyone was expecting short covering it came for 5 mins after tht it was a fall and closesd at days low
so today i thinj 5379 will break and 5250 should come
Bullish Three white soldiers created
@Sujatha,
Metastock data.
Thanks Ilango sir and Rising Star for replying
manu, bottom for today at least.:)
Bullish Three white soldiers disappeared
Crude kissing 103$ now.Its unprecedented blow out
Another round of fall..
3.00PM TT & new chart uploaded.
5280 Gone and straight to 5260
Total slaughter of put writers and call buyers.
wave 5 down i guess is not only begun last week but showing its true colours
can we carry shorts sir... sitting on JNSAR is such a tough job :-)
buy 5300 PE its 34 nifty spot 5251 15 rs profit sure shot
Cant find that post Sethu Ji... Will look for it.. Would request you to also mention the positional shorts if you are holding (like Illango Sir). while giving aggressive intraday Longs
NIFTY PUT 800 % +
FII's waited for expiry day, so that they can earn million of dollars on single day by investing small amount, take for ex. 14rs 5400PE now 135....
@ Nifty futures,
You could choose to book 1/3rd or 1/2 with 200 points profits and hope to "resell" to book again below 5200/5150.
thank you sir, GOD BLESS you for JNSAR...awesome...
Squaring off the fresh shorts taken below 5280. I guess it can test 5220-5225 today or tomorrow, but leaving that to the market
Bramesh: Just a caution- The difference between spot and put price will rounded off based on last 30 min avg.
Say, that news about 2 psus going bankrupt must be true for such a heavy fall. The US markets crashed on similar news the previous year. I wonder which ones they are.
@ SreyO (REPOSTING) If u r in short based on this - PLS. CLOSE UR SHORT .- can't say definitely 5290 is the KEY below 5267, 5244, 5221. above 5290 - 5313/5316/5336 (FOR UPTO EOD) don't search for TECHNICALS, My sentiment nifty numerology :) :) already booked out one "small 26 points long" and closed my position.
February 24, 2011 2:50 PM
thanks fire :) wish u a speedy recovery "migrane is worst than our indices" :P
can we leave some option calls uncovered if it is 0 prm..?
sir
it might still be corrective in form of flat
and bounce back frm 5177 like it did last time
at 5690
or do we have to compulsory close it?
Yoda: how come PSU banks go bankrupt ? they are backed by Govt.
Govt. does not allow even pvt. sector banks to go under the hammer easily, it searches for the way out.
There are lots of Cooperative banks running in loss.
Local politician are virtually siphoning the money out of them. govt still continues to support them
gaurav : let them die their natural death
OUT of money need not to close
thanks dinesh, what about ITM options? is it mandatory? if not any penalty?
Im also holding 52ce at 60 and 53pe at 29..total 89 but it should be above 100 at any time.
gaurav: yes you can leave them but broker will still charge you
@ Piyush,
The overall TA position suggests of an impulsive move. Anyway, direction is all that matters.
Last week Friday, Monthly high and by tomorrow, it may be monthly low..!
Im also holding 52ce at 60 and 53pe at 29..total 89 but it should be above 100 at any time.
can i leave this without covering?
52ce and 53pe as of now both ITM.
Yes : in money to be closed
and if Intra-day shorted something in cash must close
otherwise mkt opens after 3:30 again for auction
and your broker needs to buy at hight rate which u have to pay
todays market @ many points of time reminded me of this which SIR has put up on his blog..
Jesse Livermore:-
"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."
RESP SIR
kindly reply, HAS nifty made today a HIGHER LOW to 5177
thanks dinesh.
yes sir. thanks for answer
thanks sethu. I closed all ITM. only OTM left.
BEARS TO BULL
HUMNE TUM MEI ITNE CHHED KAR DIYE, ITNE CHEED KAR DIYE, KI AB TUM SAMAJH HI NAHI PAOGE, KI SAAS KAHA SE LE, AUR P_ _ _ E KAHA SE.
HAVE WE MADE THE BIGGEST INTRADAY FALL OF LAST
24
MONTHS
MASTER,THANK YOU VERY MUCH.
HI SETHU
Thanks a lot for posting here on this blog. I follow your views with tremendous interest
- when did you post the short signal @ 5462 ?
Would still recommend at least maintain a twitter account where you post your views.
Would recommend same to Kumarguru as well whose views are backed by extremely accurate analysis
and many people are benefitted.
Not sure, but someone mentioned a rumour about it yesterday, Rainmaker, due for 9 Mar.
Monthly low means below 5177??
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
Thanks Sethu ; I did go through the mail and you have mentioned the level of 5475.
Here it is -
Date: Mon, 21 Feb 2011 11:01:29 +0530
Hi Rishi,
Today, watch 5475.If it is held , Nifty will test 200 sma. I think in BN if 10845 is held, we will see a rally. One can long in small lots and add as we go higher. My level for SBI 2735 is still not broken and I am hopeful SBI will lead the rally.
DrReddy( around 1500) Tata Power ( around 1200) are the best defensive stocks in this environment and any short term investment will give good yields. But have SL and Trade as Nifty is below 200 sma.
Rgds,
Thanks Sethu ; do keep posting.
Dear Sethu..
I cannot find the post where you mentioned to go short. Can you reproduce it (although it does not help anybody now...)
Manamketa Pozappu...
You have been kicked out so many times again and again come back with diffrent teqniqe, stop fishing you cheap fraud
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