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...
38 comments:
@ Ilango Sir,
Sir, i have missed yesterday short trade suggested by you @ 5496 - 5520, currently its trading @5528 NF , should i go Short today @ these levels or higher, if yes what will be my SL for this trade ???
plz suggest ?
Regards,
Vikash
Good Morning Ilango sir and Friends.
Good Morning San.
Good morning Ilango sir
Sir yesterday I short March call 5500 @ 149.9 now it is traded at 185 .. what should I do should I close my position ... plz... plz.. en light the matter
GM Prabakar
gm sir and freinds
jaijinendra gm prashant bapu
Hi all,
If nifty should fall this week, it will make a downbar today in the daily.
GM to Ilango sir & all blogmates
Good Morning Sir and Friends.
Good Morning Sir and Friends:)
NIFTY is headed for 5800 (by Friday).
today all hourly lows may be held and not broken, it may be just one way continuous rally
only having 2 lots of 5600 call option(invested 1500/- only)
Good morning Sir and Friends.
Reliance holding up the market.
Nifty stopped @ weekly pivot - 5466 & our premarket's deciding level.
Trading above 5484-Day's pivot keeps it in the "Up Camp".
External cues are'nt helping the bulls.. Bears need to break 5464, 5439 to gain control. If not, the upward short term bias would remain.
tata steel just completed its 61.8% retracement at apporx 623,
now it may continuously go up.
next profit booking may be at nifty 5720.
Good Morning sir and blog mates.
Volatility Index is at new high ..at 27.4
Gm illango sir & all.
@ Rja sir congrats on your Silver 50K.
Can U share with me your Crude file,I try to create on
Masters file but failed.
If U kindly mail it to me.
Good Morning ilango sir and friends,
Today's Quote received :
Must Have Positive Thoughts...........
One Tree Makes one lac matchsticks.
But one matchstick can burn One Lack trees.
Similarly One negative thought can burn thousand of dreams.
Friends ....below link is very good for realtime data with indicators...
http://chartink.com/realtime/nifty.html
prashantbhai shorted nf at 5461
Holding 5464
Ilango said...
@ Rajagopal,
Only as intra longs here.
February 21, 2011 1:48 PM
Ilango said...
@ 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)
February 21, 2011 3:03 PM
Well, above 2 comments meant 150 points to me.
Thanks sir..
@ gauresh59
Good job friend...One great quote everyday...
i everyday put it as my status msg on FB..
Thanks
Update:
Indiavix at 28
http://www.google.com/finance?q=NSE:INDIAVIX
regards
jai bhai Jai jindera
Sir
NF buy range? sl?
good morning,seniors..
Relevance of Golden ratio(61.8%) in trading:
Nifty reached 5526 yesterday, 5528 being the golden ratio of the fall from 5599 to 5413.
Nifty reached 5458 today, 5456 being the golden ratio of the rise from 5413 to 5526.
jai bhai aaje short riskey laage chee m silent rite now no trade on my side
sl triggered in shorts exited at 5469 nf
prashant shah ji,
shirdi ka reservation le lijiye.
@Gauresh,
nice quote buddy...thanks
@ Raj,
Having broken day's pivot of 5486, Nifty reached 5458, closer to the 61.8% retracement of yesterday's rise. Our Premarket's first support level being 5445-5455 is based on JNSAR 5439, S1 5446 & 5456, 61.8% retracement.
The intraday bounce should limit to 5495-5515.
Strength would be above 5486 and momentum would be if closes above HHEma.(5499)
ilango sir ,
sudharsan sukaani told to buy around 5350-5400 , is it possible
to hold that level?, some body told this is bearish move?
please explain sir
done Musti. Watch out the poor man's silver - Nickle.
==
Hi CK. Unfortunately, some other great traders would have lost 150 points with those comments.As Yoda would say LOL
sai ji good idea but have idea mobile--lol
NIFTY-SPOT holding abouve hourly-JNSAR(5461) @10.... sir,can we go long intraday...
5468 is ATP for prev day... rite now trading beyond 5468 its good to buy
NEW POST DONE.
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