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...
61 comments:
Thanks again kumar sir
Dear Mynac!
Even then U r 1000 times better than technical analysts like me, Ur observation is always valuable.
call
5400 308350 422600 114250 37.05% 37.65%
5500 1392400 2990400 1598000 114.77% 108.36%
5600 3645700 4916100 1270400 34.85% 32.48%
5700 4923850 5955850 1032000 20.96% 19.84%
5800 5718200 6703850 985650 17.24% 15.05%
5900 5392250 6003000 610750 11.33% 9.41%
6000 6568700 7026850 458150 6.97% 7.22%
put
5400 4146150 4816900 670750 16.18% 14.95%
5500 4508500 5364250 855750 18.98% 16.76%
5600 5695050 5656400 -38650 -0.68% 1.02%
5700 3684500 3658500 -26000 -0.71% -0.38%
5800 2616550 2518300 -98250 -3.75% -1.43%
5900 706500 653700 -52800 -7.47% -6.44%
6000 431750 406450 -25300 -5.86% -5.32%
slight reduction in 5400 CE
Good Addtion in 5500-5900 CE
Approx 1.2% addition in 5400 & 5500 PE call
Looks like intraday 5500 might hold.
Dear Kumar,
Absolutely not....
One hope is there that Once ...and if this 5547 shall taken out then yours 5560 and after then the upward target probably would be there.Only the movement has started too early is the little bit worry.
Dear Mynac!
I agree to ur worry bcoz Bears do not want to give any opportunity to Bulls to dominate again. My suggestion to everyone, If u can not short Nifty then Buy 5500 or 5600 Puts in every rally bcoz still they have potential to double or triple in next 10-15 days.
hindalco good move 209 to 210
kumar sir target met for 5500 ce :((
can we hit 5600 ns ??
Nice to know about 2 individuals who are heavy into nifty optionss ... Kudos to Kumar & mynac. I visited mynac's blog & got some pointers to couple of more good nifty sites. Thanks for it mynac.
Hope all of us get more wiser & make more profit ... Looks like timing & patience has given me good rewards ... nifty rocket .. jai ho...
Dear Cooldent!
Trend is negative so i was not sure for further upmove, Its easy to buy Nifty for ur own very fast but not possible to give call same time. Try to accumulate some puts in every rally...low risk trade & high returns.
hi..selling here with a SL of day low ema.
taken short position
@kumar sir. I understand sir. Thanks a lot
power gone. bye sir and friends.
Ohh.Thanks Dear Prabhat,
Basically that Blog has absolutely no connection with market activity,that is nothing but sharing good things and thoughts where I found and used to learn everyday.
In the mean while Nifty lost the steam.NF 5554 shall be my intra SL.
cooldent
Sir please suggest if trading for 50-70 points
is suitable with hourly JNSAR levels.
Buffalo ready to enter deep waters after eating green grass :(
@amar. No sir pls. I have no clue. I take only day jnsar. Wait for your turn patiently. Meanwhile read
i think nifty must close above 5555 to keep it's momentum going on the upside..
Taken out.. :)
wah mynac mast blog aahe thx.
@dineshwa :) buffalo drowning
Dear Cooldent!
Have u seen sharp upmove & reversal both, Bank Nifty gave 125 points in shorting in minutes & Nifty gave 50...so its not easy to update. But Buy Puts in every rally & closed in locker for 10 days, it will lock u or u will open ur bank at own.
Thanks Cooldent..... you take only day jnsar means you trade positional and carry and reverse your trades accordingly
@Mynac: That is the reason I hurriedly had to put SL of 50 for my 5700 calls .. I covered it with profits. But I still have 1 NF lot bought at 5572. Once nifty breaks 5500 (spot) i will reverse & go short ... But i get scared by Kumar's confidence that nifty will plummet. I still got lots to learn from experts like you & Kumar.
today is horrible volatile today..... enjoy the ride with the TIDE
@Amar yes. And also kumar sirs option strategy :)
Hi Kumar,
What is ur target for May expiry?
your calls are rocking man :)
hi Kuamr sir,
can go for buy in 5700 call @ 39 or wait for nifty reversal
what FII do at 3:00 PM
@Amar. Long now?? i dont think so
Dear Prabhat!
I m not overconfident, just look charts. Bears are not giving any chance to Bulls, every rally is facing furious selling. RBI reduced growth target, when they did this in 2007...what Happened to Nifty? So -ve Fundamentals also justifying Bears, stop loss is 5740 and sell in every rally. 5350 coming soon and below 5350 another 500 points may be in kitty. I bought 5500 Puts at 70 in rally, now trading 90:)
@amar. if u really want to enter a trade then as kumar sir suggested buy 5500 put at 70-80
60 Days gain of 400 points taken back by BEARS in 6 days...YE DIL MAANGE MORE:)
@ Kumar Sir - OOT
Can Kali-Phos 6x be advised to chain smokers?
or any other homeopathic medicine?
If at all ills of smoking can be curbed! :)
Rgds,
Narayan
@BNS. Only cancer cures smoking
Thanks Kumar sir for ur suggestion
ok let me try buying 5500 put
@amar. I do take intraday trades based on sirs aggressive levels given on the table. Like today it was a buy @5515. but only very small qty
bns try ayurvedic cigarette NIRDOSH it will help you quit smoking for sure
@ cooldent - I am currently in office surrounded by 2
chimneys. Who admit it is bad for them, but lack will
power to quit it :(
http://www.madanapalas.com/nirdosh-herbal-cigarettes-box-of-10-p-9.html
i quitted 5 years back before use to smoke 40 cig per day
Dear Prabhat,sorry was away for a while.
My simple understanding is that as Dear Kumar said,Nifty may go down from here too but the way the addition in NF is there and Nifty could not register new low since morning means the fall has stopped at least for a while.Both Bulls & Bears would think over their respective strategies & in the mean time a opportunistic trader like me would enter & exit here and there for few points.
@ BNS
try Allen Carr's easy way to quit smoking, I quit in 5 days flat and am off it for close to 3 years now.
That is the reason I want to follow you & mynac... since you both bring in your vast experience & strategies ..
Tx Rich!! Passed on to chimneys next to me.
Both r highly envied that I get quick responses for
smoking related queries on a trading blog :)
Well I say its a privilege being part of JN family.
Thanx ROAUM.
Hope something works and I stop inhaling their smoke
over a period of time.
friends- with this low nifty has made a higher low(4th). Even if you made some money shorting above... i guess we should close shorts to reenter again..
I dont say that Nifty will go down from here immediately, i never try to time market but ample downside is still left so be on stronger's side..obviously BEARS are stronger as of now & above 5740 Bulls may say something.
@ROAUM,
Can you tell me the cost? And how effective it is?
@Richards,
Any way to get that besides online? And again, how helpful it is?
yes..Kumar sir..nifty will def see 5250..going by put activity there.
your analysis is spot on.
Thank You Ram charan for ur kind words:)
Thank you all. Have a great evening.
Thanks and bye everybody....
@fire nordosh cigarette are available at chemist shop ,if not then you can ask him to get for u cheaper than normal cigarette and offcourse nothing is more
valuable than one,s life :) i quitted in one month after using it and now i cannot bear the smoke from someone else even after 5 years
@Richards,
Thanks a lot.
just power came after an hour cut.
It Seems NS tried to move past 10 ema(Hourly) and stay above it for a brief period.
But failed to stay above 10EMA shows sign of weakness.
Tomorrow may be the day. Expect NS to touch 5485 and bounce back atleast 23.6-> 5593, then 38.2->5660 Fib. ratio.
The reason for above is Lead Indicator Stoch(35D) Hourly came down on 27/4/2011 and still staying down. so it is 6 trading days(4 trading days at OS). Let's wait and see.
kumar sir...main toh single minifty..se khelne waala banda hoon... aap naajaane kitne bade player hain.. but yeah..with so many good traders here...its proven that money can be made in trading.. the only thing.. is sometimes people like me are not happy with 10% in one month...when we dont get 10% in 1 yr in FD :)
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