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...
97 comments:
Mr.Rich the FII Advisor
Plz guide us which side camel will sit
Dear DR!
If u r not long now then honor ur commitment, Bear seat is waiting for u.
http://www.youtube.com/watch?v=5QLQbp-pPJY
Good afternoon all,
I think below 5545 or above 5560 movements will intensify....breaching 5510 on lower side or 5592 on upperside will strengthen the position of bears or bulls respectively..but i think downside movement is most possible...
@KUmar Sir .. Very NIce Song By LataDidi
bhago, bhago , langday bulls aye.
@drsir @kumarsir for you
http://www.youtube.com/watch?v=c3Wq4q7Yygg
@ Kumar,
Quite soothing voice on a lacklustre day.
Nifty promoting Fevicol ..... Stuck
maximum upside from here around 100-125 points
downside unlimited!
it better to be short on all time frames
dineshhhhhhhhhhhhh :)
@Ananyavrat
downside limited...to 5550 points only...:)
Qus: Which state in India has largest english speaking population?
Answer: Daytime-KERALA & Night time after 2 pegs PUUJAB:)
Thanx ILango sir, she is really melody queen.
@Srey0 :)
USD-INR broke down of its thin range and currently very close to a good support of 44.80 (fut.) May Nifty break out/down of its range now.
Soothing too
http://www.youtube.com/watch?v=57WqK9p2AMU&feature=related
fast sell coming up!
stoploss 5565 on futures :)
aaj meray do ghoday daud gaye. dlf and jsw steel.
JOKE TIME
Question:-
DUNIYA ka sabse bada aur khatrnaak jaadu kahan hota hai?
Nahi pata!!!!??
Ans:
.
.
Beauty parlor me..!!
nifty volume is 8181800. i think this is the lowest volume
FII ka sell button khraab ho gaya hai. They are getting it repaired.
High volume in this range after the fall would imply accumulation. But the total lack of volume now is implying the bears are taking just a breather.
@Lazydue........ hahahahaha
Kumar Sir.
http://www.youtube.com/watch?v=DTXygCYTKoc
ppl will miss out on the rally. trust me.
DRSIR
http://www.youtube.com/watch?v=VeibwIPozZk
not here lazydude, ppl here are ready to reverse their position with JNSAR.
Dear lazydude!
U r right, i missed it from 5550 to 5560. what is ur target, stop loss & time frame of rally??
Dear DR & Jigs, Thanx for lovely songs:)
Spot 5565 hitting,,,,
@Kumarji,
LOL
@Lazydude,
Long time no see. Where were you?
@DR SIR,
is there bat pattern is formed in bank nifty daily chart?
Another sign of weakness as taught by the Master -- another cycle of hourly indictors are close to completion with a very muted price action.
Nilesh Sorry Bro
I track only levels no patterns
short covering in stocks
NF above 5571 Will do 5596(25 pts Tgt) Sl 5531
@Krishna,
Please don't use abuse. You surely can disagree with someone but keeping the sanctity of this forum is also very important.
Krishna- Though saibhakt may be wrong, pls no unparliamentary language here please.
ACCHA Lagta hai when people get irritated....
@Ashish
If u have short, profit will come big time. Maximum rally can be of 200 points from low (said in po
pre market view comments)
Ashish & Krishna
Plz avoid
Krishna Plz dont use star words
@DR
&& or %% or @@ words are ok? :) lol
Ha ha ha hh
Babuuuuuuuuuuuuuu
Im loving it !!!!!!!!!!!
Had I been in Krishna's place, I would have expressed
my apology by this time. This is not a correct way of using this blog!
Some people love Saibhakt for his unique boldness, but
it is his natural expression. Let us honour each other!
@DR Sir Fast Rise .....
Dinibhai ,, bank sar pls?
Hourly close above "5590" would start the emergence of -ve div. It could be today or tomorrow.
Sir,
If you can... what will be tomorrow's BN JNSAR?.. No positions last 3 days
Dear All!
Those are worried about time decay factor, may buy Nifty In the money 5700 put here @163....stop loss 70 & target is 350-400 in this expiry. Risk reward ratio is very favourable.
@ Babu,
It is 11065.
Friends
dont lose temper
Trader must have peace of mind
Trader must have Chocolate/candies handy
when tensed try them :D
ooh yeah,,, was busy having lunch. Market boom when 90 per cent are or ready to short.\
Sir,
Thanks, Will wait for tomorrow to take position
@Ilango
Now a days Trand is down & every Bounce is utilise to short the Nifty it is correct
but
I see the Pattern they say to me Nifty Moving Higer befor Brekdown so I buy In the money Call option on Suport with SL because they requier less capital with low brokareg...
-
I have no Holding in Cash mkt I just Trade & Balance capital Invest in FD...
Normally my available funds for Trading in Nifty is 10% of capital because of In the money Option & 15% Invest at lower leval to Long Stock Future 4 Long Term...
Profits are Invested in FD to Protect my Capital...
Every Year my capital allocation is 25% for Equity & 75% for FD Kyuki.....
"Lalach Insan ka sabse bada Dushman hai"
@Kumar If u dont agree aforesaid view then give a buy call here with target & stop loss & v all will appreciate & follow that. - you sir u r cracking joke:) i deleted my morning post immediately if u noted down that level then fine temporarily.
DR - why always "fingers crossed" give me Mam's no. will ask her to give some work for you :)
Thanks Kumar Sir...
JNSAR 5574 or 5595?
sir 3pm TT update please....
@ DR - forgot 2 add u "dead market?" let it be. i am still not much active. very tight schedule. Once I "started" mkt may move :D either side ... lolz
Last song of the day
http://www.youtube.com/watch?v=oCiMjNWfHw8
Friends Plz ignore if any comment is against decorum
Let Master do the needful
sir ,, bank nifty sar trigger today so it is in buy ?
FRIENDS banknifty missed few points from JNSAR
2brij
banknifty SAR 11103 so its still in short
sir, what if NIFTY closes above the developing JNSAR-day... i.e 5574... near the close should we enter LONG & exit JNSAR-day shorts....
lot of money is being made above 5565.....
Ilango sir, sud i still think of 5540 for shorting or any level above??
Updated.
Dear Sujatha!
U do not provide Nifty's levels now so i stopped trading in Nifty. Now i trade in call-puts only & entered in Bank Nifty:)
@jigs,, Thanks
thank you sir, i meant JNSAR-daily for tomorrow ie..5574
highest volume bar exactly at 5565
@niftyfuturre
i think we must wait for tomorrow
@ Nifty futures,
Market seem to be taking its own "Time" with limited price action to get closer to the emas (See the TT for 13,21,34,55 emas.
Accordingly, the upsides seem to be limited unless closes above those emas.
Hence, keep a low expectation from this JNSAR trigger either today or tomorrow.
http://youtu.be/K_prAmLYbUM
Sir, JNSAR TRIGARED........
@saibhakt
nifty fut 5min chart higest volume bar is at 5570.45
vol. 5,67,650
@ kumar sir - huh.. previous "joke" is better this is too much lolz
Tomorrow IIP data & day after tomorrow assembly election result, extreme volatility ahead so be cautious in longs or hedge it properly.
JNSAR 5574 or 5595?
ya jigs, u r right. I was telling nifty spot volume.
@nataraj 5595
5574 is developing for tomorrow
ok sir, then will wait for tomorrow to see whether JNSAR-D gets trigerred or not to convert my SHORT to LONG.
Dear Sujatha!
One my good analyst frnd do not reply my mails just bcoz of fear that somehow i may know data & levels from his computer:)
Never Jump the Gun let JNSAR trigger
Good Bye !!!!!!!!
fighting fighting
kuumar sir - sujatha mam
tomorrow 1st hour top WILL be top of this corrective move...
jigs - OMG.....babre.. i am not fighting with anybody. :P time permits today hence here.. i hv my Own personal work
A likely close above 5 DEma (5558)
yep i know sujatha about ur personal commitments ur family...
:D
just kidding
@ SAIbHAKT, Tumhare muhan main ghee shakkar
sir
if you working in stockstick
one thing i always observe
after three complete wave a false wave and it change
the trend
whr most imp think to be notice or i say i observe
that
any which flactuate on 23 or 31 % count it as 1 single
wave
i make the money from it
plz can you go throw it
sir on the 9 may on your blog i telling you that
market may go up b.coz of it only
now on upside market completing its 3rd wave
now one false wave have to come
can you clearify it
whether i m on right track or wrong
One interesting article on IIP data: will it boost the new IIP numbers?
http://www.financialexpress.com/news/iip-data-vcrs-out-cell-phones-dvds-in/782917/1
sir,
what to follow;JNSAR or ELLIOTT WAVE pattern
numbers.
pl reply
sir,
e.g today's jnsar=1186.38 for tatamotors;
EW numbers state: long > 1172(sl=1169) tgt=1183.39
next >1175.73(sl=same as above) tgt=1191.5
next > 1181.74(sl=1175.7) tgt=1201.79
actually price reached upto 1215.
pl comment
sir,
this way i calculate for 14 companies, DAILY
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