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...
66 comments:
CALL
5300 1,59,500 1,58,700 -00,00,800 -0.50%
5400 17,25,850 17,38,750 00,12,900 0.75%
5500 39,59,200 40,88,750 01,29,550 3.27%
5600 60,53,300 65,44,450 04,91,150 8.11%
5700 64,26,350 66,32,950 02,06,600 3.21%
5800 77,43,500 78,93,800 01,50,300 1.94%
5900 62,90,100 62,56,900 -00,33,200 -0.53%
6000 67,66,600 67,85,250 00,18,650 0.28%
PUT
5300 51,64,300 54,10,850 02,46,550 4.77%
5400 60,96,500 64,45,750 03,49,250 5.73%
5500 54,07,900 58,09,050 04,01,150 7.42%
5600 40,80,450 42,74,950 01,94,500 4.77%
5700 25,47,050 25,64,800 00,17,750 0.70%
5800 13,49,050 13,52,900 00,03,850 0.29%
5900 4,92,000 4,88,150 -00,03,850 -0.78%
6000 3,53,000 3,53,350 00,00,350 0.10%
Have an eye on 5600 CE +8.11%
Good Morning ALL
ORB 5556.8 - 5537.7
LOWER LEVELS PUTS BEING BOUGHT,
SEEMS MKTS WILL DRIFT LOWER
lokks like makin a booton for a day.....nifty....
Prabhakar,
One more thing, NF trading in little bit of discount now.
H&S in nifty hourly chart. Target may be 5390
5509..sl bought at 5529,
Yes SaiBhakt. And 5300, 5400, 5500 Put OI Increasing steadily.
Now 5538 is stiff resistance
Prabhakar, how to interpret this increase in OI, please
drop a comment based on that increase.
@rajapvt,
Normally, the OI increase in options is interpreted as Writing/selling of call or put options.
So if OI of Put options is increasing then put writing is taking place expecting a upmove and vice versa for call.
Gm sir & Friends
nifty consolidating and checking weak and strong hands.
can we buy once JNSAR level is breached.
Hindalco looks good ,, check
rajapvt,
calls
call price up + oi up = bullish
call price dn + oi up = bearish
puts,
put price up + oi up = bearish
put price dn + oi up = bullish
@rajapvt,
One important thing, OI is after trade figures(apprx delayed by 10 minutes). Based on the current trade the scene may change). We can have it as a reference along with other Indicators.
Put
5300 51,64,300 55,25,750 3,61,450 7.00% 19.15 19.3 0.15 0.78%
5400 60,96,500 66,37,450 5,40,950 8.87% 38.25 39.2 0.95 2.48%
5500 54,07,900 59,19,900 5,12,000 9.47% 69.45 71.1 1.65 2.38%
Master,
A bit of confusion. Daily Stochastics & MACD turning up from the oversold zone. But the overlapping price action in the daily chart is reminding of the price action of the periods of 31/01/11-03/02/11 and 11/01/11-25/01/11 which was a bearish consolidation after a sharp fall. What could be the real picture sir?
GM Ilango Sir and copy to all
Dr Kumar Sir GM
toffa kabul kijiye
http://www.youtube.com/watch?v=syfxKNlk4S0&feature=feedrec_grec_index
Gm dini bhai
"5545" triggering would be another indication of the bounce.
Ilango, zero chance of breaking 5675 on closing basis, it seems... or is it still possible?
more or less all broking houses recommending exit or shorts / sell on rises market
just cant see an alternate bullish view
thinking of selling higher with a positional closing stoploss of 5700..
waiting for your validation
Good Morning DR & Everybody!
Shukriya DR for ur Kashmekash:)
Now enjoy mine & gungunaate rahiye...
http://www.youtube.com/watch?v=xZ178m3ZD0Y
Advance decline is positive
so it can be consolidation rather than distribution
@ Fire,
I have put forth the view in the chart above. I feel the corrective "b" may be over and rallying "c" may be on from 5525. I would change my view if it breaks 5500.
5545 and then the pivot 5550 and day's high 5557 will become just reference points. Last to look for is the clearing of 5580-5592 resistance.
Bearishness remains..trading goes on.
Sir
Banknifty 10900 is protected.
Gm Kumar Sir
CALL
5300 1,59,500 1,59,950 00,00,450 0.28%
5400 17,25,850 17,13,950 -00,11,900 -0.69%
5500 39,59,200 42,07,300 02,48,100 6.27%
5600 60,53,300 66,07,200 05,53,900 9.15%
5700 64,26,350 67,29,250 03,02,900 4.71%
5800 77,43,500 78,52,850 01,09,350 1.41%
5900 62,90,100 61,40,150 -01,49,950 -2.38%
6000 67,66,600 68,01,150 00,34,550 0.51%
PUT
5300 51,64,300 55,27,300 03,63,000 7.03%
5400 60,96,500 66,77,650 05,81,150 9.53%
5500 54,07,900 59,02,100 04,94,200 9.14%
5600 40,80,450 41,51,800 00,71,350 1.75%
5700 25,47,050 25,65,550 00,18,500 0.73%
5800 13,49,050 13,53,250 00,04,200 0.31%
5900 4,92,000 4,86,400 -00,05,600 -1.14%
6000 3,53,000 3,53,750 00,00,750 0.21%
half booked @ 5557.
Prabakar one line analysis plz
where major changes seen and your views :D
wooooooooooooooooooooooooooooo niftyyyyyyyyyy
wil book another half ard 5580........
Dr Sir
http://www.youtube.com/watch?v=TB1lOlBp0zY
if not this time I will join your camp keep seat reserve 4 me :D
sir 11am TT update please....
Started Buying 5500 Puts from 61 & i will accumulate upto 40.
Master,
Thanks. Sometimes my dumb head gets dumber. Then I disturb you once more. :D
@DR Sir,
As per OI As of now, upside possible till 5600.
Sujata ji,
I am always happy man. Market conditions does not decide that.
I have habit of making lot of money from the market and giving it back.
so that is just part of game.
When i go in loss, become little sincere to get it back.
and When in profit, take brave and may be stupid decision to lose that.
61.8% retracement to the last fall from 5593 of yesterday to 5525 of today comes @ 5567.
A move past that would bring in more strength. If not & breaks below 5540 would spell weakness.
Dear SaiBhakt!
U r a good trader but even then u can not beat Sujatha, i also lost. She is most consistent profit maker here & Nifty alwaz follow her levels. Nowadays she does not give her levels here but i always know from high & low of Nifty:)
saibhaktji, I am new and trying to learn. By you last
comments a newbie would infer that the net result is
zero.
" I have habit of making lot of money from the market
and giving it back.
so that is just part of game".
Then why play the game? I am only wanting to learn so
please clarify
Dear DR!
Thanx for old song clip & u r alwaz welcome in Bear Camp. Me, Fire, Prabhakar, Piyush Sharda, Prashant, Powertrade & all aggressive chartists are keenly awaiting a permanant Bull to be in our camp. Regarding UC & LC, u must know that numbers are in favour of Bears. Above 5700 i will change my coat fast & would love to jump in ur camp so in the meantime come to us sir:)
Any body using TT 1.0.4.9 with Win 7
I am facing problem on my Laptop
TT 2 running fine with win 7 but older version not supporting
5563-5519 seem to be the intra-trend decider levels.
@Bhagirathi Don't take it seriously.:)
Dinesh Bhai
Right Click on TT icon on desktop and click on Properties
Then click on COMPATIBILITY WITH WIN-XT etc as per your wish and then try.
Hopefully it will resolve the problem
shekhar
@ DineshRishi Sir,
Yes sir, I am using TT old version...and it is here running well ......getting not any problem.
Good afternoon, my tukka trade experiment, weekly no:
5585 to watch for up/dn till next tuesday. as of now 5554_4 buy, -3 sell for 20pts/37pts tgt. sl same level as entry one ( so +/- a few pts)- intraday only.
<... under experiment only, so not sharing the the
same. ( related to mark fisher)
Proper way for doing this, is :-
Right click on TT icon, click on Properties, then click on the column Compatibility
Then check the box for RUN THIS PROGRAM IN COMPATIBILITY MODE FOR (WIN-XP SERVICE PACK 3 "OR" SERVICE PACK 2) AS PER YOUR WISH.
Try it, hopefully it will solve the problem for you.
shekhar
DR sir am out on service call today
may not able to help you now sir....
please check which build u using
64 bit or 32 bit os (win7)
if you trying to install 32 bit TT over 64 bit win-7
it may give some problems
When I said “Market will never go to 5750” it was very close to that but did not cross
When I said “Market will never go to 5610” it went very close but did not cross
When I said “ Market will never go to 5565” It is still very close but………
I am not better than anyone but There is something in me
DR sir i will try to upload TT 64 bit ver today evening
Shekhar Bhai Pranaam
Yes its not showing compatibility with WIN 7
thanks
@Saibhakt,
There is DEFINITELY something in you. :D LOL
BTW, is that a continuation H&S in the hourly charts of NIfty?
Thnaks
Indian Trader
will try in evening
now got solution :D
Hi...
Last 10 years of Experiance & So many Tech studies sugest to me Nifty made Triple Top First Time in Indian Equity Market if...
Nifty go beyond 5750 Target is 6300-6400 for confirmatio of Triple Top...
in 2008 1st Top 6353
in 2010 2nd Top 6335
in 2011 3rd Top ????
...Now...
Sentiment not Bulish every one says below 5350 Target 4800 but no one can says above 5750 New Life Time High...
If 6300-6400 comes then every one says 7000 & Sentinent is Bulish...
Nifty made Double Top in Nov 2010 tbke 30 months as per Triple Top Theory thay take less Time then Double Top...
After 5750 brekout more confirmation of Triple Top if participation very low at 6300-6400...
Now what Target after Triple Top ???
If I say Target then u say Mere Dimag Thikane pe nahi hai...
1st Target is 4500
2nd Target is 3900
Dear SaiBhakt!
Trust in urself & God, eat more but speak less is alwaz safer. No doubt u r one of the best but personality development may improve ur assesment a lot. Good luck to u & tk cr of u:)
Dear DR!
If u have no fear of viewing ur trades then take help of anyone thru Teamviewer:)
New Post Done.
Shekhar Bhai
I want to use on WIN 7
and its not showing
PROGRAM IN COMPATIBILITY MODE FOR WIN 7
Now eyery one hold or Buy Put Option for Lower Target is wrong & your option value is 0 on expiery...
In my view 5350 brekdwon not comes but one Dip possible around 5470-20 & every one say go Short but I say go Long for Target of 5750 & after that 6300-6400
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This is my view dont be emotional Trade with SL to protect your capital...
me and i words are ur own enemies
Dinesh Bhai
Currently I am using version 2 with Windows 7 but earlier, when I was using version 1.0.4.9, then I had the same problem and the solution was the above text I wrote.
After you right click on Properties, a new window will open and at the top of that window, you will find 6 columns (in Windows 7), and the names of those columns will be :-
Security
Details
Previous Versions
General
Shortcut
Compatibility
There in Compatibility mode, you will have to follow those words which I wrote above.
Finally, if such columns or mode are not showing, then I don't know the solution any further.
Dinesh Bhai, Hope everything is going pretty well there.
Your brother.
shekhar
yesterdays high and JNSAR almost same
waiting for clear direction
we neeed to cover our shorts above 5595..... pls advice
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