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...
81 comments:
जय जिन्द्र मित्रो ओर गुरु जानो को प्रणाम
शायद आज का दिन ब्रोकर्स का है !
Reposting
@ DR :):)
could you check the charts of tata comm and let me know
if it has left any gap at 400 to 450 levels??
Ji solanki appx date?
kumar sir sl triggered what next now
@ DR,
approx date would be from sep to nov 2009
Dear parminder!
I always follow closing so minimum hourly closing needed, I bought more near 5510 & 10750 so if hourly saved then it should be a outside day...lets see how it unfolds:)
there is no gap
29 Oct 9 OH 430 c 393
20 O 407 H 409 c 391
GM Everybody
ORB triggered on both sides. Long ORB SL also what next Low ORB SL
hi mng
nifty jansar level now seeling or buying
dinesh sir im fresh trader im waiting for fresh position
im watching regularly this blog and dineshsir blog
ok but the pic is not looking rosy as sbi is dragging down and as per Master bnsar its down
Dear parminder!
If pic is not rosy then Stop loss will take care of pic itself so no worry:)
vote4LDF
Just watch JNSAR levels
Mine blog is for BN
and not recommended for "Fresh Trader"
Good Morning sir and warriors
you r right kumar sir
Vix at 18.97, Any idea where is the resistance for it?
@ dr,
thanks for the help.
Dear Ramcharan!
Resistance is between 19 to 19.40 but above 19.40 close, it will close doors for Bulls:)
Bhushan said...
जय जिन्द्र मित्रो ओर गुरु जानो को प्रणाम
शायद आज का दिन ब्रोकर्स का है !
June 9, 2011 10:11 AM
seems true :D
+VE DIV. MAKING ON 5MT CHART IN NIFTY AND BANK NIFTY....IF NIFTY HOLD CURRENT LOW TILL 11.30
Ram Charan
Just stay short You will get 4800 by this expiry still 16 days to go and 13th will be a black Monday ... some fraud related to Obama administration is due to come on Sunday
SBI Analysis: CLICK HERE
WOW... 4800 by expiry... if it comes, i will give party to JN Family ;)
Nifty saved my stop loss on hourly but Bank Nifty not, so exited from Bank nifty longs:)
Powertrade, if anyone uses the word "will" for the market...
Power trade- i am sure your news may be true, lets wait for weekly closing. if closing is below last weeks close then i will be short or else long. i follow Sir JNSAR along with my 30 min charts 20/50 ema cross over and Kumar sir's warning bells all the time.
So i am safe in shorts or longs :)
@Ravii Sir,
JN family is too huge...to give party:)
PT
Very good insiders information
(NEWS never gives telegram before coming)
You know this expiry tgt 4800
You must be knowing today's closing also :D
Plz dont give wild tgts, its humble request
or it will compel me to leave this place
I am enjoying my hero honda put option...
whatever market does, it will go down...
now below 200 day sma and ema both......
Nifty 5410 is coming minimum.....
@powertrade,
I expect small black wednesday(15th), bigger black friday(17th) and
biggest black monday(20th).
Monday and Tuesday we may be in 5400-5480 zone.
Ravii, 5222/5050 range as per 5 down if 4 is staying
near 5572. But play safe, play cautious on both sides
as market trading in narrow range so far,,,
*I am a learner in this market.
Test
Dear DR!
Dont leave this space, U also gave Bank Nifty target of 18000 & i also gave 25000....enjoy it:)
@Ravii
It sure shot this expiry at 4800 no if and but
@all
guys plz refrain from giving, wild dates with TGT's,
unless it is gann dates or any date of cyclical
importance,dont take me otherwise it creates
problems to those who r holding it opposite.
let knowledge b shared, and not fantasies...
Kumar Sir
enough is enough
Wish you all the best !!!!!!!!!!!
if news is coming out then the price carrying that news will also come on the ticker tape...
Yes Anil, well said, let's follow the trend and trade
rather wishing a target and trade,,,
Dear PT,
in full form today :)
Now as Nifty is trading well below JNSR means no
question of immediate covering,nevertheless target looks wild at present
@DR Sir,
Sorry Dinesh Sir ... Sure I will keep in Mind now
... Technically looks to me as the right shoulder of the H&S is in the formation.. Which may break down below 5480-5350 ... So thinking of 4800...
Once again sorry Dinesh Sir :)
Dear DR!
All the best for 18000 or 25000:)
@Mynac
Yes true ... Planning to cover at 5425-5415 As of now :)
Yes raja, i dont mind 4800 comes or even 2800 comes as long as JNSAR is down.. i hand down with Puts.. becoz i don't know any thing else to do in market :)
I still feel it should be a perfect outside day & that will set foundation of bigger move tomorrow & most probably collapsing at weekly closing:)
POWERTRADE
H&S failed so many times
Read Sudarshan Sukhansis blog there is lots of material
regarding H&S
Lots of people lost lots of money due to this H&S
Dear San,
Thanks...
@ POWERTRADE
sir please look at OI data there is a
Mount-Everest at 5400 PE and many more on put side....
any dip will cover some points and your target will reach...
but its a day dream for this expiry....
I tried to post comments by my google account but failed , Where is Prabakar ? Vacation ? No FO DATAs . Any way good time for vacation……………
Sorry to all but we all are here to learn under the guidance of Master so pl go step by step.as per master get Rich slowly
@ Powertrade
If I am not wrong your source is from niftystars.in where its written Difficult dates are June 13, 14.
But my small advice do not believe in such things, as Stock markets are not related to emotions.
@San,
Good Triangle,
By Tomorrow this time around you may be drawing another triangle but bigger than this one.
5328 will also come in that triangle.
@ Dinesh,
Enthusiasm is very essential part of life. But in professional life such as ours, if that vital ingredient is not managed well, our energy gets dissipated and we end up losers inspite of "donkey load of efforts".
I fully agree with you. Let me state it very clearly here that I have thought of closing down the "comments section" on few occasions. But stopped short of it hoping the exchanges would bring some better order to our trading life.
It is difficult to moderate. Self-moderation is the best one.
"Wanting to be seen right" is the biggest drawback for any trader. But it is also the most sought after trait for "fish mongers".
I lengthen this rope...in the hope that everyone gets this message loud and clear.
Do not discuss on this subject but reflect on it and put your own guidelines to "self-govern" yourself here as it would involve other's money.
Please..
@ DR,
We all love you. Please do not get irritated by some calls. Such calls are constantly pouring. Wherever you go similar things exist. Please, please for heaven's sake do not take rash decision.
Regards,
LV
Dear PT instead of any targets,now shall just observe,
whether Bears shall able to press Nifty below 5500,
before 11.45 AM. or not.Because present low was registered
@ 10.45 AM. If it will not go below 5500 then probably up to
2.30-3.00 PM it would remain in the same range is
day trader's simple view.
@Nagendra
(niftystars.in) ... Dont know the Site ... Cz i follow JN only Yesterday i was going through the some Economic review of the US send by one my friend .. Written by Some Cambridge Professor ...which is due to be out .. Also some new system is due to come in commodity market ... Which is Bad for the Commodity Market ... So the Itching
@DR sir,
Yes Read it now ... The biggest failure was in 2009 .... Thanks Sir ....
Dear venkatapathy L,
Thanx for seasoned advise, i hope DR will listen our request now.
Rgrds,
Kumar
last and final opportunity to go short
@Mynac
Yeah looks like as of now .... My SL is 5555 for shorts of today
@ Sujatha mam
Kindly post your view on the mkt
not able to search ss' blog. no result came up.
was not able to search jn also one day.
Dear PT,
It is nothing but speculative mentality day traders,
thumb rule :)
please read http://economicedgeblogspot.com
@ Ilango.
Dear Sir,
Perhaps, there are thousands like me who read every word in this blog. But, go by TT, chart and your advice. Even wild, far fetched comments do not disturb me. Sometimes I get amused.
A humble request from your student: please do not entertain the thought of closing this comment section.
Respectful regards,
LV
@Ilango Sir
@DR sir
Sorry Again ... Definitely would refrain from giving such calls ... Sorry Again Sir :)
@SaiBhakt
I only like to take one step at a time. If i see 5480 gets broken then 5450. Before that 5500 has to be broken.
5328 is at a distance for me, it may come but as an option trader you should have realistic goals. So it is better to expect 5328 only if (5000, 5480 5450 and many others) gets broken.
@Mynac
:)
@Mynac: Any interesting moves that you have planed for
the day? Are you short or long?
@Piyush Sharda
i too faced problem, yesterday searching JN...
i thought its browser prblm, but its not..someday it
simply didnt works...
Dear Prabhat,
Just following JNSR religiously...
Yesterday shared probably lot of unwanted observations
.So nothing to say today ? N what to say ? Let Market
decide it's own direction..
@ Kumar,
Here is the reason why it was the greatest day when we born…..
The human birth is really rare. Rare because he is the only species in the earth, who can channelise his energy in such a way that it is intelligently utilised to improve it to sattwic level and then prepare himself for the shower of the knowledge of vedanta / truth. Its evolution. Human can think and amend his activities with a goal to know the precious knowledge in order to taste the bliss of freedom. He can make himself eligible to learn the Art of knowing the truth.
Other species of this earth can not do that. The most inert thing like stone also have life as it has existence. But it can not respond. It can not evolve. Similarly plants have some higher degree of manifestation of life, but still it can not respond to a degree where evolution is possible. Animals though shows some more higher degree of mainfestation of life, it also can not think and evolve.
Human is the only species who can think and evolve. Rare also because birth in human form is possible only after lot of penance. Its already a evolved stage. Gurudev Swami Chinmayanda in Holy Geeta has quoted one great saying of Mohammed Sahab " I have evolved to plant stage after death as stone. I have evolved to animal stage after death as plant. I have evolved to human stage after death as animal. Why should I fear the death, I have always evolved after death. After death as human I will become angel."
So human only can become angel. Stone can not directly become angel. Evolving from the stage of stone to human involves innumerable cycle of birth and death. So it involves very painful and long drawn process to reach the rare human birth. The human who has the power to develop quality to understand this precious knowledge and evolve himself to higher stage.
Extremely sorry for using too much space of comment section. Sir, delete the post if you feel so.
Good morning Ilango sir and all,
Bearish flags in 5min NF for the past two days and today!!
https://picasaweb.google.com/103973773349621758823/Jun32011?authkey=Gv1sRgCNvKuMOS776KqQE#5616101166011574114
Sir, If the charts are incorrect and misguiding kindly delete the post!!
Dear Powertrade!
Dont feel guilty, u have not done a crime. U have a logic in ur call and u have not given like that "5500 will not come in 2011 type". I have no doubt upon ur sincerity so pls dont feel like that. When i gave sell call last month @5800 with with stop loss of 5880 & target was 5400, was it wrong or a crime? Its a reality now, We were sincere, we are & we will try our best for this forum.
Dear gauresh!
I have copied & pasted in my diary, thanx for lovely MARG-DARSHAN.
Dear Prabhat,
Only the worried for Bulls would be addition of O.I.
in NF while drifting down.. It would be not good sign
for immediate sign of any early bounce back is the feeling.
Dear Ilango Sir n Seniors,
Does it merit to measure performance of any mechanical
trading system the way chart based packages do?
Or rather a trader focus on practising his system.
Regards,
BNS
@Kumar Sir,
Thanks a Lot
New Post Done.
@Mynac: If you see the recent past, even JNSAR is getting
taken out (SL being hit). As of the present long position,
it is a probability that it too may hit its SL of 5480.
But for that, it must first break 5500.
I feel OI data is the most accurate way to predict how the
mkt behaves. We must have an EOD chart to account for
the addition/shedding which gives us as to how the big
players (FII) are playing.
thanks anil
i just wanted to search h&s post. not working in mozilla
also. actually it is searching and displaying
blank on the top like it does.
@ dinesh bhai,
ab bas bhi karo. bacche(pt) ki jaan loge kya :-)
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