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...
82 comments:
Girl's name is HEMA
Krishna said...
No... Girl's name is HEMA
ha ha ha ha ha
101 out of 100 :D
Nandini K Kumar
when ur cooking your Honey Cake next time
dont 4get to courier me :D
thank you sir for the intraday update-3...
so JNSAR has recovered yesterday's loss of 20-30 points..
no need to part book here also... only if NIFTY closes is below 5530 then JNSAR LONG position needs to be completly booked out or carry only smallest size of lots as per your initial entry lot size...
else please keep the JNSAR longs ON..
Prabhat - not able to find out what i sent but u can go thro this one
http://www.investopedia.com/terms/i/ichimoku-cloud.asp
Kumar sir - done 1st one both the indices :)
GA
ilango sir, drsir, kumarsir, sujatha and all jn friends
Ya Sujatha...watching, thats why i m adding shorts very gradually & already hedged by 5600 calls which i bought yesterday on an avg of 45:)
CAN WE SHORT NIFTY
Drji,
Thoda BN nu lift karo sirji
Upparle channel te betha hoya hai
Hi jiggs - ur hands will get pain, keep the gold bar down :)
kumar sir - this 1st target not resisting is -ve for short term. but i will be comfortable with the second one if at all it comes there :)
Dear Prabhat,
Baaa....Boooo... :)
good afternoon everyone - i continue to stay long for wave c
possible targets at 5670 - 5720
@ilango sir
before some u mentioned abt ih&s currently if nifty protect yesterday's low than right shoulder is forming and if close abv 5615 ih&s breakout will get confirm?
Am i right?
What is the height of pattern? What will be up side target?
-ve divergence in bank nifty.
http://chart.finance.yahoo.com/z?s=%5eNSEBANK&t=5d&q=c&l=on&z=l&p=e5&a=r14,ss&lang=en-US®ion=US
Sis
oota aayitha?
http://www.ichimokutrader.com/ link posted by sujatha mam few days back
@ Sujata mam,,
as per ur ichimoku method,, nifty 50 stocks trading above danger zone
@sujatha :D
@Mynac: did you also incur loss today ..? Or did you
infer that I must be more careful :)
@sujatha
one more achievement of modi ji. maruti demanded land for production unit near tata's nano plant.
Now a listed aviation company demanded land for helicopter production in gujarat
Infosys long taken at 2770 exited at 2893 - neckline re-test took place
jiggs - sorry for the typo - read it as "denied"
@ Jigs,
Your understanding is correct.
If breaks out above 5605 and stays above it, +270 is the target from 5600.
However, we should travel target one step at a time having "protect numbers" along the way.
To achieve this weekly TA should turn up with a close above 5542 this week.
Yes,, above Danger zone mean above the upper cloud..
Now hindalco traying to come out from bearish zone ,, wll see,, wll it?
@sujatha gujarat will grant visa to obama. They were silly that rejected visa.
Gujarat always welcome everybody.
KHUSHBU GUJARAT KI
@ilango sir thank you
sujatha mam - its a goddess name
Dow fut : update +53
@ jigs...
Jay...jay ....Garavi Gujarat...!!!!
"Swarna akshare Lakhase kavio.... Gun Tara Gujarat na."
That is what Poet Narmad said for Gujarat....
Brij - then it's buy in dip mkt?? worry for bears?? or "ring O ring O roses" all fall down?? :P
me not watching anything one and only my Nifty :)
Three options
1. Book Profit
2. हनुमान चालीसा
3. Have faith in JNSAR carry longs bindas
Completed 50% shorts in Nifty near 5570-75 fut but if Nifty sustain above 5580 spot then i will cover some shorts today itself:)
ajja - sorry if it hurts you , JN university is all mixed languages
Dear Prabhat,
Confession : Neither long neither short..
waiting for Nifty to come more up N up,& when it will
not sustain above 3hema then want to go short only..
So very less opportunities but with reasonable gains..
If will not get this opportunity today then shall
wait for tomorrow...Not much convinced in longs
because JNSR rising everyday & NF O.I.not shading i.e.
supporting this up move as expected + week HEMA is yet
next hurdle... donot want to participate in these kind
of headache- precarious moves. :)
brijsolution said...
Dow fut : update +53
Its Good to keep eye on world mkts
But the day I stopped tracking DOW my trading improved
earlier tick by tick i was tracking it
DR sir tussi great ho, fully agreed....Dow Future is a tool to befool:)
I am also out of market, not getting oppurtunity. Writers didn't gave strong signal at right time, so not participating today
TIME PASS - NON TECHNICAL NOS. - below 5566 - 5543/5520 abv 5589
DR-ji - agree :) even including news etc.,
suhatha mam - JN (university) is like a family,
and family means never having to say you're sorry.
OOT
@ Jigs & Gaureshbhai
With so much heavy duty newsflow on corruption. I would
like to know in the since past years of Modi's rule in
Gujarat, has there been any news/rumour of corruption against him?
Asking because never heard of anything over the years.
BNS - as far as i know 199% nothing if u view with a "magnifying glass"
Dear Mynac: I had restrained my monkey mind with chains
so that it does not to venture out until the sun rises so that
I can know if there was a pit or straight ground.
But it so happened that chain broke, monkey escaped
& fell into the pit. I have put a thick chain this time :)
@ Kumar sir,,
For ur short,,, nifty trading above DHEMA
@ Sujatha Mam,
me a gr8 fan of him.
So much so went to a function in Bangalore where he was
felicitated. Though I did not understand a word of his
Gujarati speech :)
Dear Prabhat!
U r most systematic trader & i like ur disipline manner, keep it up & put a lock with chain too:)
@bns
i too never heared :)
gujarat is only state in india who have double digit growth rate
@gaureshbhai perfect one maja aavi gai vanchi ne
@bns
i too never heared :)
gujarat is only state in india who have double digit growth rate
@gaureshbhai perfect one maja aavi gai vanchi ne
BNS - when he came to chennai i didn't attend but got his English speech CD :)
Dear Brij sir!
My system says go short in every rally & 5610 is do or die area as of now, even then i will cover half of it above 5580 bcoz its ILango sir's level. But i am fully hedged with 5600 calls which i bought yday @45, already running 70 so no need of any sleeping pill to me. Thanx for ur concern:)
Dear Prabhat,
Now,Why this kind of view ?
Down trend going on...
Nifty trading well below 200 DMA & 50 DMA
&
have not taken the responsibility to support Nifty or
push nifty up whenever it will go down :)
इसीलिए ,जब बुआ को मुछे आयेंगी, तो उसे प्यार से चाचा कहकर बुलाएँगे! :)
No real strength in price by 3 pm closing. BN weak too. C starts?
www.narenderamodi.in you will get the video you want. He rarely speak to media rarely give interview but in every govt's stage programme he just rock
whipsaws.. whipsaws.. whipsaws .. nifty
simply triggered by SL & now trading above it ...
Grrrrr Grrrrr.....
@Kumar Sir: 2nd time I missed. I should have shorted
futures instead of opting for puts. You had the "edge of
the hedge" :)
FIRE Saheb!
NAMASKAAR JI, Thanx for ur views:)
typo "triggered my SL"
Prabhat said...
whipsaws.. whipsaws.. whipsaws .
govinda.. govinda..govinda
Good Afternoon All,
A Dream, NM(Naren Modi) as PM.
Dear Mynac: Nifty is doing rangebound movement. Though
many factors point to more downside that upside, what
is dangerous is the time decay. In case one holds to any
kind of positions (call or put) the next day's
contradictory move erodes 30-40% of the capital.
One has to have some sort of SL right ... Also, I am yet
to learn the art of hedging as shown by Kumar sir.
@crorepathi never never never
gujarat needs him
Jigs,
In that case, I will migrate to Gujarth :)
Dear Prabhat!
Temperamant is most imprtant oscillator in trading, decent persons like FIRE, Mynac & DR using it perfectly. I am also trying to follow them & sir's words echo in my mind always...GET RICH SLOWLY:)
Dear Prabhat,
As you said....
In case one holds to any
kind of positions (call or put) the next day's
contradictory move erodes 30-40% of the capital.
One has to have some sort of SL right ...
Very true....
Master
closing Bell Plz
Dear Prabhat,
Now...
Tomorrow's ORB will tell us regarding today's this up
move..,how much real strength it has...
because now NF 3HEMA is 5572.25 for NF tomorrow...
So tomorrow,If it will not cross or stay above 5572.25 easily in early trades
then,would go short without hesitation..
@Mynac: That is what is happening ... Just observe Master's
lead indicator chart: Nifty buzzed around like a housefly
in the highly overbought region with the anticipation of
when it would make a fall. Today, even before it entered
the oversold region, it made a u turn & headed its way
back up.
Again, a closure above 5550 is again a bullish sign.
I remember Master's words that the more time, nifty remains
in the highly overbought/oversold region then more is the
chance of a reversal.
Dear Mynac!
Waah...kya baat hai, hats off to u:)
@Mynac,
At 5570, this upmove is showing 2 equal uplegs too, supporting the red (b) view till now. That goes with your view nicely.
Dear Prabhat!
Dont worry, Dow's tonight move will provide another opportunity to sell on higher rates:)
Nifty has found it difficult to close above DHEma(5562) which means the upward momentum is yet to be confirmed. However, staying above 5542 keeps the ST bullishness alive.
Once 5580 is crossed, upward momentum will return. Till then sideways.
Last week 5555.
This week 5542.
sujatha ji congrats sensex almost hit your level and retraced back
Dear Mynac: Very true. Today, just before closure my moneky
mind is again asking me to short NF @CMP. But as Kumar
sir pointed out, I also put a lock to the chain.
Reason: Nifty looks like making another move towards 5600
levels the failure of which will make me short nifty at
higher levels. If in case it falls tomorrow below 5535, then
it provides me with a more confident shorting call.
Considering either of the case, I see a better trade
tomorrow than rushing & making it today.
dineshwa duja mooda tyar ho reha hei :)
Dear Kumar...
In real sense "This hats off" are for
non other than Dear Ilango...
These are the very simple rules which he tells us every
time with Tech table.
As a day trader I am just modifying it as per my
requirement & temperament slight a bit :)
Kumarji is catching each and every move with great skill. Great trading!
Low turnover day today and NF added good 15 lac O.I.
Interesting day tomorrow... Bye everybody
mynac- is it you in blue shirt or the one in the black shirt?
Ram,
Even I had this doubt for long :)
Ohhh. Now after 3.30 another discussion is going on..
and now as it is after market hrs.so disclosing the reality
Dear Ram Charan & Crorepathi,
I am not there at all...nevertheless has deliberately kept this photograph as a sign of my computer illiteracy. Because whenever starts to think "yes" I got it or I know it...this photograph keeps me down or pull me down that yet you don't know anything. or everything
Initially in earlier days at this Blog I was not even a little-bit com-savvy, tech-savvy. Even today know it very well that...yet am not... so though wished to change it in those days ...tried it hard but could not change that after many attempts :) & It's fact :)Actually it was added even by an accident…how ? Don’t know..
Now...if decide, then can change it easily but …. Now..Think so that no need … let it be as it is, because it will pinch me every time…that still lot more to understand and learn.And above all now it has become unique identity :) though it looks funny…
That Black shirt fellow is well known Marathi TV/Cinema Actor Swapnil Joshi and side by fellow is my elder son … It’s his nothing but young age craze, to get snapped with known celebrity….2-3 yrs ago..
Mynac bhai- thx..now i recognise swapnil joshi's face. i couldnt recognise it earlier because of the glare.
Swapnil is quite famous in comedy circus in sony tv.
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