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...
31 comments:
thanks for the TT update sir..
Sujatha said... - hehe mynac also late :) reposting for u
Prabhat - why 5500?? 5506 is impt. fibo level + 23.6% retracement is nearby from 5328
June 7, 2011 10:06 AM
mynac said...
Dear Prabhat,
when Nifty is holding JNSR comfortably,
6.5 lac addition in NF O.I. in first 45 minutes,
is heartening sign for Bulls... one can expect journey
up to DHEMA in the latter hrs TRD,But to conquer all forts...
it should not go there in a hurry.
दुर्घटनासे देर भली :)
June 7, 2011 10:10 AM
Dear Sujatha,
As I used to miss entry & exit every time, at
appropriate level & time ... have kept the same
record,unbroken... here too :)
SIR
I AM LONG ON SBIFUT WHAT IS TARGET TODAY
KAMAL
Dear Prabhat,
Do you watch ? when Nifty came down just few minutes
ago by just 10 points then almost 90 lac O.I. deletion
is there in NF.interesting day ahead..
Dear Illango sir ,
I think we lost 60 points in yesterday's JNSAR whipsaw trade as we reversed with 3 lots ..
Dear Mynac!
I have no doubt upon ur entry & exit. U r one of the most consistent open minded open Interest readers & mostly on the right side. Your Presence in forum always give strength to us, take care of u:)
Dear Sujatha, used to miss entry & exit every time, at
appropriate level & time ... have kept the same
record,unbroken... here too :)
ha ha ha by "typo" you add that two words "As I" hehe :) :D well said kumar sir.
@ Kamal,
SBI has 2325 as a critical number and today will be a decisive day for this scrip.
JNSAR for it is @ 2286.
@ Mayank,
There was only one lot left in the table and hence 20 point loss.
सभी मार्केट पर्तिसिपन्ट्स ओर गुरु जानो को प्रणाम!
sujatha ji GM
भूषण आप को भी प्रणाम!
सर्वशक्तिमान हम सब पर धन की बौछार करे
Good Morning Sir & Friends
SSA DRJi
Sir,
one lot was left for long trade but we took new short JNSAR too which got whpsawed
@ Mayank,
I get your point.
Earlier Long(1 Lot) was closed in profits.
New 2 lots shorts taken; New 2 lots shorts Closed with 2 x 20 = 40 points Loss.
And New 2 Lots Longs taken.
I'll amend them in tomorrows Pre-market View.
Thanks a lot sir ..
Nifty moved on friday 5604 to 5480, corrected 50% to 5542 then 50% today low then resistedat 5542 corrected 50 % to 5524.
-stockgrp
ilango,
whats the stoploss on longs for nifty?
Ilango sir,
is it fast fall set up developing in NF??
Gm ilango Sir & friends,,
With bulls only above 5545
@ Ananyavrat,
"5490" - below DLEma.
@ ToT-Amit,
Presently seeing it as a consolidation below 200sma in the Yahoo RT Chart.
Otherwise, it resembles a fast fall set up. Aggressive intra Longs should have 5510 as SL.
Once Nifty moves past 5542, the set up validity may vanish.
Nifty Intraday update: CLICK HERE
Thanks sir
Is money growing ? :D
A. Yes
B. No trade
C. Holding short
Hi all
Today from OI, prospective, 20-20 match. writers are waiting and expecting range bound movement. Yesterday's fearless bulls are little bit cautious now.
but are confident of no free fall downside, that is giving
them confidence to write puts, but i think at some time
when puts become too attractive, they will be bears also/.
so sitting out.
Dear All!
Its time to book partial profit in Nifty & bank Nifty @5540 spot, remaining 50% hold tightly with stop loss of 5500.
New Post Done.
one more fact regarding Oi and make case for downside also is 5500+5600 PE OI = 500CE+5600 CE oi (almost equal), Makes case for downside also.
I see all as , trend is downside, maybe distribution is going on here. Waiting to get some clear cut signal from OI.
What about having some fun
http://www.youtube.com/watch?v=vwpVEcUihXo&feature=related
@DR Sir
Holding Short
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