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...
53 comments:
Hi Kumarji,
How are you doing?
Completely exited from 5500 puts around 180 levels.
M a weak heart u kno, need to gather a lot of experience, learning a lot form you guys.
Thanks a ton. Should i reconsider looking at some put or shall we wait for a small bounce, Expiry week so volatility would be heavy
5350 is a rock solid support, shall we expect a bounce before finally taking it out on the downside. Plz help
Suggest something sirji
TC
Kumar Fan Club thx sir.
BTW I am now waiting for next MOB to hit at 5260 NS
Lets see.
http://farm3.static.flickr.com/2441/5712625103_55e88ae284_b.jpg
Sir, are we in wave 3.(3).i or is it 3.(3).i.4?
Quote of the day
"My aim is to make money for me & others, not to fight with others"
@Kumar you are a true warrior ! (trader)
sabhi bandhoo longon ko pranam !
a long may be attempted here with SL below days's low
@ Prabakar
OI data please
Dear hitz!
Trend is bearish so only puts will be fruitful, either here or after rally that u have to decide urself. As record makes to break in cricket, just like that in bearish trend supports break. Why hurry, GET RICH SLOWLY:)
Dear Prabhat!
My e-mail id is given at my blog, its KUMARTECHNICALS@GMAIL.COM
Dear Chotu!
Good chart, just close below 5348 and u will see 5260-5150-5000-4782 in one row:)
Dear Rainmaker Bandhu! Pranaam & thanx for ur kind words:)
VIX after seesaw move, again started trading above 21....It may suck blood of put writers today itself:)
@kumar sir,,
Replying to all except me looks like,,
i asked u but no reply :
Dear brij!
I can give my view on market or specific call but cant reply every individual question. Bcoz between 9.15am to 3.30pm u have to earn from this market, so i also have to earn some bread, sometimes butter, sometimes TEACHERS too from this market:)
illango sir any fresh short may be taken near 5400 level in bounce ???
@Kumarji,
That's a very valuable point about VIX. After a long time VIX is increasing with falling price. Obviously bulls are really feeling the heat now. Mynac can give some important input here.
@Prabhaka Sir,
Wiuldn't writing of 5300 CE mean further downside?
Dear FIRE!
Just cool down this VIX for 1-2 hrs, now i also want a rally of 40-50 points bcoz i booked profit on my 50% shorts so want to sell in rally again:)
@Kumar Sir: Teachers ... If you get the chance, you may want to try one of the finest single malt. - "Isle of Jura". I am not sure if it is available in Delhi.
Dear FIRE,
Think so that,Addition in June NF of almost 28 lac
bet.5450-5380 is restricting the fall "Today" from
here so probably I would also like
Dear Kumar's..bounce back Idea :)
today seems like the point of maximum pain to bulls.... bears willing to short even 20 points upmove.... scary market
kumarji, what levels are you considering to reenter the 5500 puts?
Plz help
Thanks
@Kumarji,
Sitting for that bounce from the morning!
@Mynac,
Thanks a lot. Your observations are very valuable indeed. BTW, what is your idea about the expiry?
@ FIRE,Considering today's NF next series addition,which is quite huge,
intraday top and bottom are though not sure but
"almost" fix for the day...is the feeling....
Hmmm,,, will there be a bounce at all, not getting
chance to enter in the puts that exited early,,,
Dear Prabhat!
Thanx for suggesting new tempting variety, i m mailing this link to my frnds abroad...they will arrange soon. Have u tasted it, hows taste?
http://www.isleofjura.com/distillery/limited-editions.aspx
@Mynac,
I was asking your expected figure by thursday...
Dear hitz!
U can not measure in storm, just be ready with ur weapons & when a rally comes of 30-40 points...just start buying that put. I m still holding 50% which costing just 20-30 rs. after deducting my profit in 50%. Dow future is 135 points down, will this bounce come?
kumartech any level to re-enter put again ???
@ FIRE,
"Failure" was the answer for this series for
Bulls every attempt whenever they tried, it hard.
So probably more pains left for them..
Just ask a simple question to yourself..
If you are a bull then would you like to roll over your position for
next series today at current price?
@Mynac,
Lesson learnt. :D
My system started giving hourly buying signal on VIX, if VIX sustains then my dreams will not fulfill to sell Nifty in rally...a gap open may help only:)
Dear Mynac!
U & FIRE are real gems bcoz u r alwaz crystal clear in ur views:)
waiting for 5250 NF!!!!!!!! to book all shorts.
@Kumar Sir: I have a 16 yr one in my collection. I bought it when I had been to Langkawi (Mayalsia) which happened to be both duty free & tax free. From there, I bought some 6.2k worth (after conversion) treasure which at Indian MRP price is worth around 28k. Now did someone say that profits can also be made outside of the stock mkt .. ? :)
Those underestimating put buyers today, they must go & see my Sell call on 3rd May with stop loss of 5835 & target was 5400, so 5400 is no surprise to me. Though a close below 5348-5330 will give huge surprise to Bulls & then Bulls will go for protest at India Gate:)
Kumar said...
Dear All!
Today will be a very volatile day so it will be difficult to update timely. If anyone is interested in new straddle then he may go short between 5730-50 spot nifty & buy 5800 call for hedging. Remember, every rally is a selling opportunity with stop loss of 5835 for aggressive trader & with stop loss of 5890 to conservative trader...targets are 5630/5500/5400.
May 3, 2011 10:28 AM
http://tradeinniftyonly.blogspot.com/2011/05/nifty-intraday-update-i_03.html#comments
Titannnnnnnnnnnnnnnnnn.
target 4500 +
@Kumarji,
Most of the regular people remember that. Your fan club (including me) got a boost from that call! :D
Dear FIRE!
That call was due to you only, who confirmed me weekly sell just 2-3 days earlier....so hats off to u, Do u still remember:)
Nifty OI at 3.10 pm.. : Click Here
No Covering on 5300 CE Seen.
Dear Kumar Sir, Your View's please at EOD..
Bearish...more pain left in system.
@Kumarji,
I just gave an observation. But the system was yours. Most important of all, the conviction was yours.
BTW, this time too my conviction came from the weekly chart, the state of the weekly indicators. Gathering confidence from you. :D
Bye ilingo sir & friends
Thank You Kumar Sir.
@Indian Trader,
Due to Power cut and no alternative(Laptop, Inverter), I will be kept out of market from 2.00pm to 3.10pm) ...
Where is Dear Saibhakt ?... is he holding his position or not ? any idea ?
All European markets trading 1.5 to 1.75% down at present...
This time US$ inverse relation working fine..
@mynac
Saibhakt counting his profit : D
@Bizagra,
I am extremely sorry for not being able to answer your mail. I was out of station and when I checked it, it was too late.
@Fire, no problem, but we got good result:):)
Saibhakt was right on holding on to his position But Dr. Kumar scared Saibhakt So much that he must have squared off his position and now the market is going down. Poor Saibhakt Sesagoa, 5400 Put and what next?
@ brijsolution, :)
because today "his" put at least went up to 60..his target was 70..so was
just asking it and a day before yesterday he said that he is still holding the same.
@FIRE: Sent mail, please check and let me know.
yes , tomorrow may be he wll get more
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