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...
67 comments:
बाबा रामदेव और अन्ना हजारे का एफ्फेक्ट क्या होगा मार्केट मैं!
Good Morning Sir & Friends...
@Ilango Sir Shall we go as per JNSAr or as per agressive trade... as both are opposite... Please guide as little confusion is there for me.
Dear Bhushan!
These kind of things have temporary effect, no threat looking to centre so market discounted all things in 1 hour. In a light comic sense i feel Baba ramdev supporters are short & Anna's supporters are long:)
@Kumar Sir that's good One.
Dear DR!
Agar bade se bade taakatwar ko jab mout saamne dikhaayi dene lage to wo ladies clothes to door, vager dress ke bhi bhaagega....so better to comment sincerely on such serious issues.
@SAM,
Let us not have either confusing or contradicting views.
JNSAR is a mechanical SAR method. You could improve on it if you have sufficient experience by trading light in sideways market or change the part booking to just 25 points.
Aggressive trade is based on a "particular day's likely action".
As per EW view and as per the "Pattern view(IHS" posted few days ago, 5480 or 5455 should hold for a sideways move and after which a break above 5600 is possible.
Once a sell on rises comes into play with a close below Day High ema, market generally trades sideways with DLEma and DHEma or DCEma as the range.
In sum it is a sideways range with 5455/5480 to 5565/5600 before a decisive move is seen. Decisive move will come once Nifty closes above DHEma or DLEma.
Sorry Kumar Sir
dont want to hurt your feeling so removed
@Kumarji
Sanyasi wahi, jisne jetey ji sharir ka tyag kardiya ho....
Aise wyaqti ko koi bhay nahi hota....
Now a days there are corporate sanyasis Don't be surprised... if IPO of Patanjali Hits Market.
Nahi Baba ko hona chahiye, he a brought yoga to main stream and
relief to millions...
@Ilango Sir thanks for the guidance..for a newbie like me.
यादी आइसे बात है तो, दिनेश भाई को बुक रुन्निंग लीड मेनेजर, होना चाहिए पतंजलि आईपीओ का !
Dear DR & Gagandeep!
I m not a supporter of Baba Ramdev anyhow, but whatever congress is doing to stop the movement agaist corruption...i am totally against that. This Kapil Sibbal & Digvijay singh are totally double standard people, one day welcoming Baba at Airport & other day throwing away from Delhi. Why they will not do, If movement becomes successful then they will lose all their black money. I am not hurt anyhow but that was a precautionry advise to a senior member of this blog, Cheers:)
@SAM: SANYASI is SANYASI (ROLE), There won't be
corporate sanyasi, definition of SANYASI remains same.
People interpretation, understanding is getting
changed.
@Rajapvt I Don't Know how you interpreted my comment... but my comment is meant humor only.
Dear DR,
Most of us are focusing on the man and his weaknesses.
What we need to focus on is his mission and whether that is important enough or not.
He has many obstacles..
Government, Politicians, Film stars,and most of Indian middles class, who has black money in some form or other..
Good morning to all,
Sorry, i got delayed today due to which I am not able
to post the VIX levels for today.
@Illango Sir: Do you suggest that this downmove might
get arrested at 5400 levels after which nifty will make
another attempt towards 5600? Sorry if you have already
given you views, i might have missed out the earlier
posts.
sanyasi in market place? like kabir."kabira khada bazar
mein liye lakuti hath... "i love kabirs.i am follower of
kabirs & remain follower...enjoying with you.
@mash, liked what you said... totally agree...
@Kumarji,
I am totally with you. Whatever happened is very unfortunate
and totally uncalled for...Its is blatant attack on civil society and also the
spiritual-yogic tradition.
@SAM: I have not taken seriously,,, easy,,,
hi all
i told you on friday that risk is too high for bulls. anything could happen
Do not wanna boast, but i wish i got noticed for mutual benefit at that time?
A sincere request to all blog participants - can we please
take all non-market related discussions after market
hours. The discussions are right & needed, no doubt, but this
is neither the right time nor the forum.
I voiced my opinion so that we dont get distracted or
lost during mkt hours in valuable posts given by
seniors & experts.
holding my puts, will not sell even a single piece before 140 and
my 2 cents while on this issue...
1) As a Indian, Do you agree with the CAUSE?
If yes, then many individuals might come forward to claim
his/her right to the CAUSE. (rightfully or not).
But reactions of the powers to be is bordering on scary to
larger public.
2) As a Indian, If you don't believe in the CAUSE.
then SAB CHALTA HAIN :)
PS: unable post comments on blog, this is my 3rd attempt
the power of JNSAR.... kindly take a note that the JNSAR's which get triggered in the early part of day i.e before 11am will 99% continue in its direction . ie SAR for that position might not triger.. just my observations... use it if you want...
@Prabhat
Agree with you
Sir- 11 am TT update please.
Dear All!
Why not possible Sujatha:) I covered my shorts in Bank Nifty future near 10660 & sold my 50% puts of Nifty 5500 on an avg of 105, now started buying Nifty from 5480 against my puts.
I gave my view on my blog yesterday afternoon that 5475-5450 is a buy area with stop loss of 5435 & target will be 5550-5575 soon.
बाबाजी धीरे चलना राह में ज़रा संभलना, बड़े धोखे हैं बड़े धोखे हैं इस राह में
:)
-stockgrp
@ Sujata mam,,
5500 now today cross then? can take chg bull?? :D
stockgrp - ji - namaskar, goodmorning :) i saw u with "ramdev" he he
brij - yes abv 5506 + sensex shld cooperate 18380
Covered all my short position in nifty and stocks.
Now I am bullish for target of 5725 on nifty.
Extremely bullish on DLF. Bought 250 call option at 2.20 of all my trading money.
Dont follow me, I am like this only.
master is here to follow, JNSAR is excellent system, if follwed with discipline. 5490 is triggered, and one should be holding short position as per JNSAR
@Saibhakt
I am afraid now with my puts
Alok text continue in uptrend
Dear NITIN!
JNSAR is never a call or market view, its a mechanical system so it Nifty goes above 5510 then it will trigger a buy again. Master said very clearly that 5480-5455 & 5565/5600 is a trading range & bigger move will come after breaching this.
In this uncertain time i request to FIRE to give his latest views, that may help all of us.
Can anyone confirm gap filled?
@SaiBhakt
What about ur 130 put ambuja cement??????? fot tgt of 14.
Dear Powertrade!
Rigidity is totally not allowed in trading & whenever i did...lost moeny. Its caution time for Bears & bulls both, below 5435 i will sail again with u but time being i changed my coat against my puts...another round of 5575 may be on cards:)
Dear Kumar
I am watching OI in 5500 Puts, which reduced fast on friday, and that attracted me to take position in 5500 puts, and then i noticed ramdevji as a big event in country a, so i was more comfortable, even though JNSAR was not triggered then. I am keeping my eye on OI figures both in cals and puts.
Master's ystem( mechanical) is giving excellent returns also). In all\, as of now all are giving sell / short hold signals. At 5510 buy signal may emerge from OI in puts and calls, and we can take call. But the way, 5500 puts got covered on friday and today also, writing not still yet. I think uncertainity is high, and option writers recognize that. Monsoon figures and other anouncements may give rallies.
Thanks a Lot Kumar Sir :)
Dear NITIN!
Thanx for ur clear cut views, it looks good that u r aware of everything...keep it up & tk cr:)
@ sujata
Any view on weekly CAM level 5477
gm sujatha, i am not with anyone. I am free bird , having bird's eyeview..:)
Saibhakt, I like ur disclaimer-"Dont follow me, I am like this only."
:)
Its early in the month and nifty sideways, whats the hurry to buy DLF call.
-stockgrp
11:00AM.5HEMA-5526/5LEMA-5501. 5EMA-5508/10EMA-5526.H PIVOT-5490.
grp -ji - just for fun :) and wl send u 1 mail check later.
nataraj -yes expecting to break now atleast it has to touch 5465/62
Saibhakt Said
Covered all my short position in nifty and stocks.
Now I am bullish for target of 5725 on nifty.
Extremely bullish on DLF. Bought 250 call option at 2.20 of all my trading money.
Hope this is not your last & final Trade as you have bought DLF calls with all your trading Money.
We should trade with levels not Sentiments.
I THINK ITS GOOD TO FOLLOW ILANGO(MASTER) TO TAKE NEW POSITION AND FOLLOW KUMAR SIR TO BOOK PROFIT.
For bears,, sit on 5500
Dear Ilango Sir,
For JNSar short taken today at 5495, can 5510 be kept as reversal point today, incase it reverses today itself?
Regards
Caution time for Bears.....Nifty closed above 5490, every dip shoud be bought now upto 5450 & stop loss is 5435.
Ilango sir, wht sud b S&R for JNSAR shorts now??Thanks
@ DR sir, please give buy level for Bank nifty and stop loss
Hari we closed our longs on 03rd
"Keep 10760 Low as SAR and close long below it"
level still valid
12:00PM.5HEMA-5515/ 5LEMA-5494. 5EMA-5503/10EMA-5520.HPIVOT-5489.
Anand exited today at an average price of 1.45.
Expiry target was given and view is still the same.
Bullishness is only for very near short term till about friday morning.
@ DR sir, Thank you sir
@ SaiBhakt
Thanks. I will be holding the same till expiry
both 5500 put and call OI calmed down, not much change in OI for quite a few minutes
I am bullish on DLF for very short term, therefore taken position.
Nifty i am not sure about....it may remain sideways between 5410-5555
for next few days or it may rally to 5725.
But under all conditions my view is that this friday high may act resistance for entire june series.
New Post Done.
OI figures still favours bears. A little change but
favours bears still at 5501 nifty spot.
No buy signal yet as per OI put cal figures.
Downside left, more chances of significant downside than upside.
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