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...
54 comments:
Good Morning Everybody!
Thank You FIRE for firing job, hats off to u for ur vision.
Thank You Master for reminding all of us "attentive ones would benefit from it and the rest have a gala time but not reach their goals".
Thank You Harpreet:) Ur Gartley pattern completed 78.6% @ 5385 yesterday, which you gave us....when Nifty was almost 5900 so big hats off to u too:)
Good Morning Sir!
Nifty Option OI at 10 : Click Here
Thanks Prabhakar
Note the diminishing sizes of the corrective bounces and reducing time consumed.
Compare the bounces of 5444 to 5605
and then the bounce from 5401 to 5517.
Similarly the present bounce (if 5373 is held) too trade sideways but in reduced time.
Has held 5388-Hr Low ema so far.
Compared to earlier two bounces off 5444 & 5401, this one from 5373 will be shorter and anything contrary will alert us to change in market direction. Resistances are @ 5435-5445 & 5460.
Great Post FIRE. JNSAR Team: Please register WordPress
and try to post. You will be able to post.
Wow.. the change in 54PE too high. So, will that stop bear saga for time being?
Thank you so much for sharing it, Prabhakar!
Dear FIRE!
I can feel ur smile, half way Nifty reached which u wanted. I could not stop my temptation so started shorting June Bank Nifty now @10380:)
Good morning ilango Sir,
Thanks to everyone and specially Master for his study and in trying to teach us all and enlightning us with his immense knowledge.
Thanks to all
Kumar sir, is this emotional trade ;-)
Dear All!
This is a small video which is made by my niece for Cannes contest. Please see get it as many views as you can get by 31 May...Please...I will be very thankful to all of you for this....share it with ur friends, circulate and make her a happy girl...
http://www.youtube.com/watch?v=Wfk8fK3DTY0
Rgrds
Kumar
kumar sir,
5500 call is adding open interest chances of short covering for this expiry is there.?Kindly guide
gm all.
@Kumar Sir will be watching the video.
Dear rajapvt!
When it comes about market, EMOTION word is out of my dictionary. Near Expiry Market mostly give sudden jerks & we miss the opportunity to sell at higher levels so i just entered in seller zone but still big room is there:)
Dear Parminder!
If short covering comes then i will be very happy bcoz my 50% shorts is still pending bcoz i m following FIRE counts:)
Great Post Fire Sir.
Hi those who not able to comment make use of OPENID or wordpress
SAM
Even NF roll over has gather the momentum... 30lac O.I. addition in first 1.30Hrs.
@KUMAR Sir do you able to post with blogger ID?
Sam
Dear SAM!
I m using my blogger id only, between 9.25 & 9.55 am it was not working, but now working well:)
Kumar
After a long long time, i am watching rollover on discounts...both in Nifty & bank Nifty. Bank Nifty's discount of 70-80 points is really a smiling signal for bears in june, now 9800 looks little easy:)
Kumar sir, In with you on BN short. Made some 70 points on the long side also :)
Dear Kumar...
I would like to buy small QTY of 5300 May series
bet.2 & 4 Rs. if NS shall try to go near 5440 :)Though there are just 2 days to go for expiry
Dear Cooldent!
Guru gur rah gaye aur chela shakkar ho gaye. U & SAM never miss an opportunity of making money, keep it up:)
@cooldent.... long in may and short in june
cheers
Thanks sir!!
Dear Mynac!
Gr8 observation, bcoz i still feel that Bears will not leave bulls in this expiry...they r hungry like anything. So a close below 5330-45 spot now may give 5150 in this expiry too:)
test. my final testing for today. >:(
Kumar sir,
would u advise buying 5300 or 5400 June puts or more OTM June puts if NIfty rallies a bit more?
From "Fire" to "about". How I have been transformed just by some ratio analysis! Not going to do anymore, I swear.
EX-Fire
Oh Fire... I was Anonymous for quite some time.... now I am shreyunik again... soppmething wrong with blogger
Hello Kumarji,
Yesterday reentered 5500 puts. Markets looking very sluggish.
Have a nice time. tc
Its OK for change ex-fire
I also changed from Ant to Chotu.
Just for humor people, creativity has no limits http://i53.tinypic.com/9zviba.jpg
@Ant/Chotu,
You at least remained a noun. I have been relegated to a preposterous preposition!
Ex-Fire
Dear Shreyunik!
I dont like to buy OTM puts for myself, i like ITM so i m into 5500 June since 115 which is now costing just Rs.20-30 to me bcoz i sold y'day near 200-205. I again started picking this one from 180 & would love to buy more if Nifty rallies upto 5460-65.
Dear hitz! Thanx for buying puts:)
Dear about! Waadakhilaafi:)
Okk now! My name is back and I am not a preposition!
Hello Kumarji,
I should thank you for your kind help, moreover a hearty thanks to the master and all the lead members.
Youngesters like me would love to learn from this mecca of knowledge.
Thanks
Regards
fire,
nice analysis. keep doing it often.
sir,
my mails not reaching the jn group perhaps?
i cant see them..
USDINR firing - Markets likely to collapse by afternoon
Nifty Option OI at 11:00 am : Click Here
Master,
My gratitude for teaching us all these and for your kind gesture and words.
@Dear Friends,
What I have done is just some clerical calculations. The "real analysis" is the EW counts, which is done by Master himself. So all the credit goes to him only. But thank you all for your encouragement.
Good morning Ilango sir and all,
Fast rise possiblity in 5min Bank NF!!
Good Morning Sir and warriors
Thanks Kumar Sir,
Thats the discpline I lack , I guess. I have burned my fingers buying OTM puts aand now dont have the guts to venture into options in a big way again ... but then, sometimes they pay off so royally...its temptin
Bearish Flag formation in Hourly charts - Resistance clusters at 5421-5427
Once breaks and closes below 5390 (hourly basis) wave iii of wave 3 will start
@Kumarji,
Your resell levels for today please.
Dear Nilesh!
Ur system may be very good but its little behind from our warriors here bcoz we all shorted between 11250-300 & still enjoying shorts alongwith trading in that too. Thanks for sharing ur knowledge with us:)
Hi,
JN looks like “full of bears” :) drinking ………….:) the way v r falling frm nov. 10 till date, one should not be surprised to see indian markets being rated as the worst financial market in the world in next few months it seems. :P Is it right or not?? after all KOSPI reached april-may higher side. :P
Piyush – :)
Nilish - things is "one has to follow his system" systematically :D
or else all the system will be end in "utter failure". Good to know about your success.
PS : Fill in the blank - bear can drink "bear" or "honey" lolz
Nifty Grinder is on.
Dear Fire!
I started from 5410, unloaded 20% and will go upto 5460-65..if it goes. Bears will not accept easily this range to come but market is market. Being sidways its neutralizing oversoldness so getting more vulnerable gradually:)
hi suj
Hi Sujatha!
How is ur daughter now?
New Post Done.
@kumar sir!
nice video by ur niece sir, truly inspiring!
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