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...
28 comments:
the make or break zone is here -- 5360 !!
Bears are just 10-15 points away to create panic -
remember todays closing is weekly closing as well
@Kumarji,
This fall is taking form of a Falling Wedge. So as long as 5365 holds, can't add shorts.
VIX is peaking on daily chart & gave sell signal on hourly so a short term bottom is very near for a rally of 100 points in Nifty in coming week:)
Open Interest:-
additions in 5400/5500/5600 Calls, whereas 5500 Put shedded more than 2.5 lakh
additions in 5300 Put(6.7 lakh), additions in 5100 Put(5 lakh)
seems like Shifting of base from 5500 puts to 5300 & 5100 Puts
open interest experts please throw some light
@Amit: I too was hinting @5200 puts in the start of today's session. But wise words from Vanquish came to wait a bit more to get a confirmed downmove so that we can pocket 5100 puts at much lower premium.
The falling Wedge lower boundary @ 5361 tested.
Nifty is going down but BN is holding..
@kumar Sir SL for Long 5350 is it on closing basis?
Dear SAM!
I always use SL on closing basis & for that minimum hourly closing needed:)
BN not letting go :)
now this greece debt package will not disturb us till mid july as it has been postponed
DR sir, Aaj tho aapka camp hai. Thoda upar leke jao
This kind of major support should give V recovery...but it doesn't seem to be so now
Bank Nifty future bought back near 10585 & now it looks set to fly for 10650:)
Thanks Kumar Sir.
BN high is 650
many teddy bears must be having SL at 65/75
KUMAR TECHNICALS said...
Bank Nifty future bought back near 10585 & now it looks set to fly for 10650:)
ya DR, 10660 is too heavy for this BN future today:)
@Kumar Sir hourly closing on my chart shows on times like ..10.15,11.15,12.15, is it matches as per your time on charts.
Bank nifty Futures chart: CLICK HERE
TT showing
9.59.57
10.59.59 :(
@DR sir my chart takes open @ 9.15AM
Itna Sannata Kyu Hai Bhai....
Dear Sir,
Its looks like that after breaking 5380 and touching 5365, Intensity of going down of NIFTY is very low,....is there any chance of bounce back ?? or Nifty getting support ??
please bool 50% profit here at 5362.
last hope was 5365 which has been broken!
markets look to get hammered....
Unless BN cooperates noting major will happen
New Post Done.
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