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...
99 comments:
Dear Ramcharan!
Thanx for the movie detail link.
Dear Sujatha!
Kindly confirm, when Weeekly will give sell signal?
नमस्कार मयंक भाऊ आणि सर्व मराठी मित्र मंडळी
मी सुद्धा पुणे चा आहे, सदाशिव पेठ मध्ये माझी शाळा होती महाराष्ट्र विद्याला :-)
Dear Ant,
Interesting! Near by me.. :)
Me too from pune.
Dear Mr.Fire!
I fully agree Mr.Kumar for ur marvellous analysis every time, my sincere thanks to u sir.
At present,Dear DR's rocket view forced me to
square off intra puts.:)because and always its
"Bulls eye" Thanks DR ..let us see with fresh N neutral mind
from Monday...
అన్డరికి నమస్కరమ్ :)
Translation : Hi All :)
Since last 4-5 fridays Bulls were dominating since morng so hoping Bears time for this weekend.
@drsir aab bas
pots exited now plz 10500 & 9500
my Mother-In-Law lives @ pune
NIFTY HAS MADE EXHAUTION GAp
FILLED IT,
MADE A BIG UPPER TAIL
AND ENGULFED YESTERDAYS CANDLE COMPLETELY,
ITS VERY BEARISH
Ravii: How you tried it?
@kumarsir accept my present in ur camp
only bn
@sujatha @fire
plz confirm bearish engulfing possible and at which level
Dear jigs! Wow...if Slver king in my camp then 10500 in next week & 9800 possible in june itself:)
@ Chandra,
As I haven't followed volatility based trading ranges, it is best you share the AFL with interested blog readers here. As you find it useful, it should be worth sharing.
पुणेकरहो मी सांगलीचा आहे.
close should be yesterdays opening
I think if mkt close below yestardays low (5521.95) then ie clear bearish engulf but follo on required.
lose should be below yesterdays opening
Dear kumar,
:)
...another observation ...
when JNSR starts to rise,and starts to come closer
to Nifty current price and Nifty does not go up or
fail to show new top,then it is hint for Bulls N Bears,
for their respective strategies.
got the answer close below 5521 bearish engulfing on daily chart
close near5485 to 5505 doji on weekly chart
dear fire sir,
your tireless and perfect analysis helps us understanding the market and trade accordingly...and in my opinion you are the best student of sir..
i thank you from bottom of my heart.
sreyO
Lots of Puneites... me too :)
Silent follower of this blog.
Ravii - namaskaramu babu.. etla unnaru?? hehe i can read "little telegu" also
Bhushan - My mother-in-law's family was there long back :D (not joking really) hope mynac watching !!!
Kumarji- lolz :) :D
@kumarsir
silverking!!!
never. still learning from u all.
chala mandhi unnarannamata ikkada,,,
Sujatha Madam,
I am good... me & my boss waiting for JNSAR to hit ;)
@ gaganji
can u post again the tradelog link here?
Dear FIRE,
From Monday onwards...in next 2-3 days we would get
clear picture .
Dear FIRE sir!
R u still sleeping as per ur daily routine by having bundles of notes as shown by DR yesterday:)
@drsir
sirji leave bn.
market reqiesting if drsir will not exit long than mandi not possible
I m from Kolhapur
Dear jigs!
Gandhi ji told "Paapi se nahi paap se nafrat karo". So DR ki Bank Nifty na churwao balki unse short trade karne ki appeal karo:)
raja,
Here u go... http://lekhini.org/
jiggs - right Question to the "wrong person" i am watching some candles and trading. like 5472 to 5605..today too it's worked out well :D not protecting of 5550 will give me 5458 as per "foolish calculation".. let me see. or again will turn from 5472?? hope not possible becoz of kumar sir :)
చాలా బాగుంది. కాని ఇది వాడితె అందరికి అర్థం కాదు.
Bears confirming gap down openeing on monday also?
Guys listen this...
http://www.youtube.com/watch?v=MA8NvWW92uw
Happy birthday to Ilayaraja :)
See Put Oi table call Oi table
@kumarsir :D lol
drsir aur short... impossible
@DRSIR YE EK APPEAL HE JNFAMILY MEMBER KI OR SE PLZ SHORT BN
This joke is/was and will always be there whenever
the name of Sangli will come.
Leela is girls name in Maharashtra.
and Sang means "Tell"in Marathi.
So Boys used to say to a girl whose name is Leela
that "Sanglelaa jaycha ka?
means Tell (me Miss) Leela should we go out ?
or in other words
Will you give a company to me ? :)
Dear Sujatha!
Dont say like this, i m following you. Kindly mail me ur latest contract note & i will guarantee you that market is going where???
Kumar sir..i think we still have some more downside..Sirs lead indicator is yet to come down to 20. sually once it breaks 80 most of the times it comes till 20.
mynac bhai- am from Pune too..
hi sujatha
myself found answer asked cause my laptop discharged so no charting
seen in mob
bn close near 10730 to 10750 doji on weekly chart
Hello Sujatha mam,
Accept my hearty thanks for guiding so well,
Kumar sir thanks a ton to you too. I am taking some time to have some traction with the greats of this blog.
Thanks to the great leaders of the blog, above all special thanks to the Master for creating such an invaluable platform
Thanks all
TC
i think correction is over in masters 5510 zone -- buying a few calls for very short term trade -- keeping my puts open as positional trades
@kumarsir right answer
@sujatha give answer
The range of 5460 to 5430 seems an interesting place for another bounce in Nifty.
Will complete a zigzag in the range of 5700 to 5730.
Aniruddha
इथे भरपूर मराठी मित्र आहेत.
Oh. Dear Ilango,
You are lot of followers here.. in Pune... Maharashtra.:)
On the contrary every one knows that they are all
over and we are proud to be.
Sir, Wts mondays developing jnsar for BN?
Ilango / Gagandeep pls mail me the options excel sheet to
sanyorg123@gmail.com
sandyorg123@gmail.com
Raviiiiii - Is my below telegu typing right?? confirm or else you AP people will send here "a batch of ........gang" :D
చల్ల థాంక్స్ -అంది బాగా ఉన్నతి టైపు చేసఎంగి
ఎందరో మహానువాలు అందిరికి వంతనావు :)
Looks like our JN Family does not mind if nifty stays in
this range as long as it wishes.
:)
@Sujata
Its Vandanalu :)
Ilango sir should we send you ratnagiri hapus mangoes as gift. :-)
hitz - hv u bght 5600 puts 2day? as nifty reached 5605 the previous top?? if so u shuld hv booked profit right?? easy way - buy puts @ highly resistance area with SL of 30-40 pnts. even 20 pnts. according to your capital. dispose it off it's FIBO retracement level of 50% or 61% is a good idea
@kumarsir
it looks like drsir editing his contract note thinking that u will ask him too to send
సుజాత కొంచెం పర్లేదు.
REPOSTING - Answer given already - jiggs - right Question to the "wrong person" i am watching some candles and trading. like 5472 to 5605..today too it's worked out well :D not protecting of 5550 will give me 5458 as per "foolish calculation".. let me see. or again will turn from 5472?? hope not possible becoz of kumar sir :)
Dear tangotaurian,(Puneit)
After so many days later you commented here.Nice to see you.
You, Silent follower and we noised ones..:)
Dear BNS,
The trailer is almost over and every one probably,
is waiting for Nifty to come near DLEMA & then JNSR,
and want to see tug of war.
@ Cooldent,
Mon JNSAR for BN is 10766(Approx)
చల్ల కాదు "చాలా", వంతనావు కాదు వందనాలు. బాబు మీరు కూడ తెలుగేనా?
Bears will be happy if Nifty closes below 5545, 5525 & specially below 5500. Bulls will smile again if it closes above 5565...lets see how it unfolds in last hour, where busy FIRE ji???
Thank usir
Mynac bhau,
me too puneit
@ Ant,
I'll come to Ratnagiri someday and pluck it out a tree.
Thank you.
"TT" has turned good red as BN did yesterday. For momentum to gather, a close below DLEma is required.
Whether the correction has ended or "downtrend has resumed", it will be known on Monday most likely.
Take your trades as per your risk appetite.
Tata steel has gone below its crucial 580. Tata Motors has gone below 1050.
It is definitely a tough market to label but wonderful mkt to trade with its known resistances & supports.
sir closing hour TT update please..
@Fire Sir/Mynac: VIX nearing the 20 mark. Once it crosses 20, then it will be bears in control.
As posted in the morning, VIX gave clear sell signal once nifty broke 5536.33 with max possible tgt of 5494 for the day.
Also, a closure below 5520 will increase the VIX even more which inturn will have a spiralling effect to give further lower targets. But things favour the bull too - I mean June has 5 trading weeks as compared to the usual 4 which inturn increases the time to expiry factor which is the crux of VIX calculation.
Observation: 5500 PE was 85 levels when nifty was 5530 levels. But when nifty is currently at 5512 the 5500 PE is still at 88 levels & not increasing. Notice that OI has stopped to increase after the 10% change. Wonder what game is beginning to unfold.
Thanks Ilango sir.
Anybody wants AFL, send your mail id to Keerthi405@gmail.com
Chandra
All,
It is HOME WORK time this weekend.
I have prepared the complete software kit for
tracking your trades. There are several reporting
options available. e.g., Based on brokerage, Security, etc.
I have been using Quicken software since 1999 and I have
found it to be extremely useful for maintaining Trades
as well as Banking/Budgeting, etc.
Phew! Atlast......after several failures with
Rapidshare, I have finally been able to upload
the Quicken 2009 Software. The file is about 95MB,
so it will take about an hour or so with BSNL
Broad band.
You can download it from
http://www.4shared.com/file/MtzhhaY4/HB2009.html
You can download the Instruction Manual for assisting
you with the Installation of the Software.
http://www.4shared.com/document/xhBdH8q_/HB2009_Installation_Help.html
Finally, I have also included a sample data file
that contains 2 Brokerage Accounts with sample
trades.
http://www.4shared.com/file/EEPPIJQV/SAMPLE_DATA.html
@ Kumar Sir,
i think Fire sir i busy in changing the coat.
thank you sir....
JNSAR-D shorts will most definitely be triggered on monday.. hopefully we get a fair chance to enter the trade without gap down open...
.
ilango sir, can i re buy my conservative longs here??
Ilango said...
@ Cooldent,
Mon JNSAR for BN is 10766(Approx)
closing above it banghead weekend :(
System says long ..........
Dear Prabhat,
Thanks.This VIX view is always important from
trading point of view and you used to present it
in time.Monday will be very interesting,when TT is
turning red...
@Mynac
We can have JN meeting in PUNE :)
@Chandra Please Send me afl .. pls check your mail.
@ Bizagra,
TT doesn't favour a conservative Long.
One view of EW favours it. When there is such a contradiction, I would either prefer to follow TT or stay away.
@Ilango Sir,
how to calculate HEMA, LEMA OR CLEMA?
arvindkering,Ram Charan
सप्रेम नमस्कार,
कसे आहात ? सगळ ठीक चाललंय ना ? असा विश्वास आहे कि तुम्ही मजेत असाल.धन्यवाद.
Thanks Ilango sir, i m going with no position, will look on monday.
sorry FOR CLEMA
Bulls are fighting to give a close above DEMA...
Ril made a low of 36 Rs. down from my levels & Bank Nifty more than 200 points...Thanx both & bye everybody, have a nice weekend & tk cr:)
@ Nilesh,
You get all these calculations from the excel file - "JustNifty TA" - the link for the same is provided under "EW/TECHNICAL ANALYSIS" in the side bar of this blog.
bye sir & JN traders.... have a great weekend....
Thanks N Bye everybody,
Happy weekend....
have a great weekend everyone - holding my 5600 ce's to exit next week -
holding 5400 puts for month end - will add more 5600 pe next week
thank you master,kumar sir, fire and all boarders for all the guidance
Have a nice & enjoyfull weekend to all.
@ mynac - Nice to see you as well :) donno whether silent or noised ones… matters is we are under Sir`s roof.
Not days its years i guess… :D
Lets try to catch up.
Regards,
TT
Expected a closure below 5520, but it held above it. Monday is new day in the new week. Hoping to see some bear claws rather than some bull horns.
Thanks friends for you valuable insights. Have a good weekend. Lots of studying to do for me. Bbye. Take care.
Angrejo be CHAND par PANI Aur BARAF ki khoj kar li hai...........
ab Hum logon ko sirf "DAARU" or Chips le k janaa hai :*
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