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...
73 comments:
booked profit in put option of hero honda, howver it will keep going down
Bought reliance capital 500 put option of all my trading money.
@san,
nifty 5375 coming na.
kumar sir- have you closed your calls? i am holding them with 5480 intraday basis.
is this a fair SL?
A Lady to Dr Alok:
My husband has d habit of talking in sleep!
wat shud i giv him to cure?
Dr Alok: Give him an Opportunity to speak wen hez awake :-
@ mynac sir almost 10 lacks oi added in first hour while price going down .is it huge shorting?
sujataji- if bull fall of the building and dies then i have to sit on polar bear :)
DR, lolz...
@SaiBhakt
To be very frank i really don't know what's coming next. May be we can predict the next 30 or 50 points but the bigger picture is still not clear. All i know is that price is still inside the triangle.
Nifty Triangle updated: CLICK HERE
Dear Ramcharan!
Perhaps u missed my msg yesterday, i told everyone that i sold Nifty futures @5540 against my 5600 call. Every support was breaking one by one so i changed my coat yesterday itself:)
DR sir aaj full form me meri band bajaane aaye hain:)
Lalu --- Sasura ye Log FootBall Ko Lat Kyon Mar rahe hai
Rabdi ---- Ee log Goal kar rahe hain
Lalu --- Itna to gol hai aur kitna gol karenge
A 100 year old adage in the market -- Never short a dull market.
And here we are seeing the TT is red. :P
DR Sir,
Its a joy and relief to see you here. So decided to get a bit of your company. :)
@ DR ji
from your wide trading knowledge + net savvy skills, plz
suggest good material for "trade execution/decision making".
Thanks.
Dear vksoni,
I am assuming the same.Even good addition of 4 lac O.I.
in 5500 CE.
DR-ji - :) :)
Fire - That's y always "one joker" should be there for fun :) y fear i am here?? whether for real joke or "market level" watever i am posting is a "Joke" :) nobody will take mylevel also serious is an added advantage :) :P hope ur meditation is over?? do u know "alpha ,indpower meditation"??
thx Kumarji. Then i will stick to my calls till 5480 is taken out, since i have already trade based on that.
Good morning experts.
@Kumar Sir: Have you observed, 5500 CE low for yest was
85 when nifty touched 5520, but today even when nifty
broke 5500, its low was still 83.
On the other hand, 5500 put also did not cross 89 when
nifty broke 5500. This shows that put premiums are not increasing
while the call premiums are not breaking. This is
because more people are betting that the mkt will go up
or hold 5500 than more people who bet it will crack below it.
@ Chandra sir & Master..
please check my mail
sorry - mindpower meditation?? tks n advance.
Good morning DR and Kumar sir
SAM
Proper SL means appx 50 points for BN
its means if bought are stopped out :(
This RB mkt is brokers mkt they enjoy
all systems and analysis fail.
Its part of the game
now when trend will come max people will fear to initiate trade :D
@vanquish, nifty has complited 5 waves in 5 min chart & broken channel up side pls conform.
Dear Prabhat!
I am very poor open Interest reader so unable to reach on conclusion on basis of that, Mynac is best person for the same. My real worry is VIX, its increasing gradully & above 20 it may give sleepless nights to Bulls so sell in every rally looks safe:)
oops sorry ! i drew the triangle wrong - only a close below 5495 (hourly) will break the triangle
@DR Sir really thanks for your selfless help.
@rahul - sorry i do not have the ability to count at 5 min level - there are just so many permutations so i stick to only hourly/daily level
today at 11 am after iip is out the real move will start -- bears will need to break 5495 to start wave iii of wave i of wave 3 - bulls will need to break 5530 to start wave c
Thumb rule - "Once VIX crosses 20, then blindly short
the mkt at whatever level it is" :) But Vix is still 18.5
as of yesterday. So still no danger for bulls. Usually in
rangebound mkts, vix movement is also less.
It is just my experience (cant assure that I am a correct
observer), when mkts remain directionless or rangebound, then
usually the breakdown or breakup is postponed to the last
2 weeks of the expiry. Hence I feel bears will not enter
till the 16th of June.
@vanquish thanks.
Meditation is taming of mind, and it has been beautifully depicted in the following link
http://www.iloveulove.com/spirituality/buddhist/tenbulls.htm
It can be compared to trading also...last stage is when you breathe the market
range bound/ trendless market, as sujatha madam said
options are crying,,, when the trending market come?
Indian Trader will post 4share link for downloading AFL.
Chandra
Dear Friends..
download link for Volatility based range AFL is as
follows
http://www.4shared.com/file/KEHtaP2g/Trade_Range_Volality-Bands.html
thank you
DR said "now when trend will come max people will fear to initiate trade :D"
how true & hence you need to have positions even in a volatile market...
@Sujatha,
:D
Don't know Alpha 'ind meditation :) but in Hyderabad one of my old teachers had taught me Transcendental Meditation. Now he has invited me again to teach some more advanced meditations.
iip @ 6.3 % vs 5.1 % estimate
FII are net sellers in Index Futures and buyers in
Index Options from last 2 days.So probably FII
stand from here would be important is very primary conclusion
EOD FII FNO data shall be interesting today.
@Sujatha mam, do u read Mr. vivek patils anaysis? yesterdy when i was reading that sensex analysis
feel it will be helpful to ur sensex levels.
IIP at 4.4 vs expectation of 5 [as per old series] and 6.3 as per new series. [what is this???]
Fire - i am seriously looking for that "meditation" or else will go for "Yoga" becoz that's available in Chennai, donno availability here at my place.
rajapvt - there is a time for "options" or else it willkill us. sometime stock specific is good. sometimes good "breakout stock' is good trade that one also.
@Rahul,
Can you please send me a copy of that analysis by Mr. Patil?
sir, TT update for 11am please..
Dear sirs what does iip indicate?
Thanks
@fire yes sir definatly.
@Sujatha,
You can try this ---
http://www.dhamma.org/en/schedules/schsetu.shtml
@sujatha
you can try this....really worth it
www.hamsa-yoga.org
IIP data is negative as per new & old series both, FM is worried & showed his unhappiness. The biggest problem is that demand is reducing...mean deflation which is very bad than inflation so sell in every rally is MANTRA:)
@ Rahul
Please post Vivek Patil's views in google groups
for benefit of everyone.
Thank you in advance
@fire sir mail sent.
Dear Kumar,
At last final conclusion for a day :)But what is
beauty of any this kind of move is that,up to certain
level/time period it gives hopes every time to both
parties,Bulls N Bears.No one wants to give up easily
and that is the most frustrating period for a trader.
@jayant singh, ok.
i would short nifty at 5497 - with stops at 5510 for targets of 5370
Dear Mynac!
Big picture telling that 5600-5620 area resisted multiple times so big fall on cards as per H&S formation on daily. Bulls know that a move above 5610-20 can save them so survival war is on. As fighting tools will be finished in one camp, other camp will run with victory flag...lets see who wins:)
logic is symmetrical triangle broken on the downside -- 5497 is the lower trendline which will be retested
Rahul - Hope u donno my "EW" knowledge !! :D BIG ZERO. If i read his analysis then i will suffer with Stress problem or will faint :) very less brain capacity.
Thank you ankit, fire for the information.
Mynac - conclusion or confusion watever it is i am expecting another month too grinding :P
hope Piyush will excuse me for this. Two things we can do at this juncture - 1) go for stock specific trading 2) short nifty @ higher levels and sit tight.
if any one hv "guts" :)
Huge 17 lac intra addition in NF O.I.when Nifty is
drifting and going away from DLEMA..
Dear Kumar for H N S pattern,we belong to Dear Rajgopal camp.
He is our Netaji:)We know only H N S Shampoo :)So shall just observe as per your comment.
Pl.Excuse me,shall try to join in latter Hrs.Thanks
Wednesday Insider day, Thursday lower high lower low with doji & friday previous low broken again. Now below 5479.85 which is current week's low, Bulls panic button will be press.
@sujatha
no problem....do check out the site though...
Rahul: analysis is nice and heavy to me :-( digesting
slowly,,,
@Mynac: Is it a good option even now to buy some 5200 put?
It has decayed & might prove profitable in case nifty breaks
5450 since that would open flood gates to 5350 levels.
In case nifty reverses, then still one can get out taking
very less loss (since premium paid would be less).
Dear Mynac!
I alwaz miss RG, whenever i see silver rates on TV...i pray to God for his welfare bcoz his absolute silence worry me a lot:)
Solar Blast
http://www.nasa.gov/mission_pages/sunearth/news/News060711-blast.html
Now its official. Kumarji should give us all a treat ---
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a.cf7VCELnuc
vanquish sir,
nifty closed below 5495 now, triangle broken?
It talks about Kriya Yoga & Siddhanath Surya Yoga.
A scientific and advanced form of sadhana that leads to
'YOG'
watch videos on:
http://www.youtube.com/hamsayogi
Anybody who can come up with Titan Charts,,, overbought????
Captain,
Could this fall from 5570 be a double combination with an X wave at 5538.55.In this the second abc, b was irregular and c is exactly 161.8% of a.
30 min tf
New Post Done.
@sir, if this larger correction
A- 6339 TO 5178 3 Wave
B- 5178 to 5944 3 wave
then C should be 3 wave or 5 wave?
Hi JN mates,
I am paper trading with AFL, which I was referring & sent to many /and group.
Your feedback/comment is requested to help others like me.
Chandra
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