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...
50 comments:
Door closed - reposting
DR-ji - good picture :) Oota madi barthini - find eng. translation time permits
Kumar sir - Me too? :P
Satheesh - டீ கப் காலி ஆயிடுச்சா இல்லையா அடீ கொஜ்ஜு
ஆன பலம் என்ன லெவல்
June 13, 2011 2:02 PM
Dear Piyush ji!
I leave my analysis after sitting on my system either it stops me to trade. I am more enjoying as a full time trader but ur 3500 gave me real booster today:)
Dear All!
Lower high lower low which was started from 9th june on daily charts, Nifty is still maintaining the same so trade accordingly:)
good afternoon sir... what is the curr..High EMA ON A Dailey basis..thanxs in advance
Swalpa Barthini!!
Nanage kannada gothilla
kumarji,
pls cut ji frm my name. this wudnt bother us as
short term traders.but pulling trigger is imp.
who knows after thinking of that level the level comes
and i fail to buy. that is another factor. i missed
buying physical silver like that at 45000 levels.
and u learning temperament frm me. i make 100%
loss when i trade with temperament. :-)
english, hinglish, tamil, kannada hmmm,,, what else?
having full fun,,,
will it break 5482.9 today's level?
@ Prashant Shah,
Today's High Ema is 5527. It will change if Nifty makes new highs.
Dont worry Piyush Sharda, If 60000 not crossing then Silver is coming to 42000-40000 soon so then buy it. Copper is also on verge of breaking 400 on closing basis & it will shake all asset class.
Wow DR :) :)
raja - mm.. time pass :)
prashant shah @ JN, will nifty touch his "Hawala" prashant - nifty need ur blessings :)
PS : 15th full moon day + lunar eclipse. just for information.
15th I have to plan for moon light dinner,,, market
will break 5482.9??? fingers crossed...
thanxs a lot sir.....sujata : Hawala is 5392..so far away from 5500
If Today and tomorrow we do not break 5400, chances of big fall in this series may diminsh.
However we still can be in the range of 5400-5600.
noted levels kumarji, thanx
Dear prashant!
Hawala was 5412 or 5392, kindly check?
5400 put also have big OI arround 1 cr mark..so 5400 is big registance.:)
@sujatha
Let me add few dates too, Martin Armstrong,
turning point dates coming to be June 13th...
SaiBhakt: In such case, options may erode further
without giving much profits,,,
@rajapvt,
but individual stocks may rally or go down.
like hero honda, ambuja cement, hindalco likely to fall. down a lot(approx. 15-20%)
itc, bharti, tcs, tata motors, dlf likely to rally, not much
but 7-10%.
So if u r bearish, play bearish stock means sell on rise.
If u r buliish, play bullish stock means buy on dips.
FII last time use to come at 3:00 O clock for selling.
today will they start again the same thing?
DR sir!
Copper trading below 400...Raam hi raakhe ab:)
@SaiBhakt: Waiting for sell mode to be active, but
it has to break 5482.9/5475,,,
Yes Kumar Sir
situation critical but will hold for gap filling :D
Dear saiBhakt!
This copper will really ruin Hindalco & u will mint huge money in its puts, i think 150-155 it within 2-3 weeks:)
Intraday wave 1-5 that started 5438 ended at 5496 a distance of 58 points - smallest possible fractal. The subequent corrective abc expected to end in the region of 5475-5482. This will be end of wave 2
There after expecting intraday wave 3 to launch with target of at least 58 from the end of wave c of 2
Assuming it ends at 5475 + 58 = 5536 wud be the next target if this count is correct.
The max 3 cud go is 58 x 1.618 = 94 + 5475 = 5568
Regards
Mammoth buildup after many days...
5400 put crossed 1 Cr OI...
5500 Put OI 23% UP..
but will it last till EOD...lets see..
Any view on TataMotors
Covered shorts in profit of 20 points, started buying...my system saying some more steam left so i will carry my longs.
prashant - thank u very much. OI supporting 5400?? then let it touch 5400 once and move up :D
Anil - OK. what will be the impact? -ve or +ve?? any idea just a curiosity
kumar broo u rite hawala is 5412.....:) thanxs
A nice bullish flag in 5 min. chart.
Dear prashant!
Thanx for correction, ur Hawala levels really work:)
Nifty 5 Minutes chart: CLICK HERE
fire - impact pls.
tooooooo muchhhhhh grinding @ 20 sma :P
Kumar Sir
BTST
now no hurry and worry :D
@Sujatha,
Above 5490, another 60 points move at least. The grinding seems but a time correction of the sharp upmove.
Sis suj
grind
Thenginakayi + Belluli +
Menasinakayi + Kotumri :D
spare nifty :(
Dear FIRE ji!
Thank you, i am greedy so cud not wait & bought before 5490. Weekly high EMA shud be hitting target soon:)
@Kumarji,
This is you in trading ---
http://upload.wikimedia.org/wikipedia/en/b/b6/New_flashl.jpg
:D
any close by NIFTY above 5475,JNSAR @5522 for tomorrow is likely to be hit..
Kumar sir what is to be taken for tomorrow long or short thx
Dear sahilraj!
I m carrying longs for 50-60 points but i will be happy in 30-40 too:)
thx sir 30-40 points of nifty wil equal 80-100 points of banknifty ... thx again sir
Dear FIRE!
Its due to ur support only, ur silence give me itching & ur comments give great moral support....thanx again for ur mirror image:)
Dr. you taking crash course in kannda
Dear Sahilraj!
For Bank nifty pls contact official operator DR sir:)
Bye Sir and Friends.
bye sir and friends:)
Bull Flag closed in favor bulls and Price closed above 20 day moving average : CLICK HERE
Hope a run up for a few days! 5600 coming?
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