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...
41 comments:
ILANGO Sir,
GOOD MORNING
Good Morning Ilango Sir and Friends
Nifty Daily Analysis: CLICK HERE
Good morning sir & all friends.
@Kumar sir u r simply great GM.
Dear Ilango Sir and Friends,
There was problem with above MP Values as they are of Minifty Future, the values for Nifty Future are given below for your kind perusal.
Nifty Future VWAP: 5548.37
MP Values Futures: VAH - 5577, POC - 5560, VAL - 5538
Sorry for the inconvenience caused.
OI Table turning Bullish, need follow on action: Option Analysis for 07-06-2011
Thanks & Regards,
Sanjay
@Sanjay .... I was looking for your update yesterday... but you posted late I think..
Respected Ilango Sir,
I would request you if possible to post even with a little delay, Whenever you enter & exit a trade, because most of us are not able to book profits at Short profits.
This would be very helpfull for all your followers.
Kindly Start posting your Trades in live.
Regards
Nagendra
Gm everybody... 35HR charts lead indicator not reached oversold levels and nifty falling intraday to close in green suggests more upsides for me.
Good Morning Everybody!
Dear Rahul! I am simple man, no greatness...thanx for ur kind words.
Rgrds,
Kumar
sir jnsar today any filter???? very close now
Kumar sir aap bahut modest ho...mark of a Good man
@Ilango Sir , I don't understand some things.. please help me
As in third image on 6/6/11 2 lots bought @ 5515 then one lot sold @5565
And you have put rebuy on stop and reverse...
I have questions ... that stop and reverse is it JNSAR ie 5524
is it mean shall we buy second lot despite of going short at 5524(JNSAR for today)
Good morning to all.
@Kumar Sir: Kindly reveal any intraday trade :) If nifty fails to move past 5535 by 9:30 am, can we short for intraday for a tgt of 5500?
Good Morning ilango sir and friends,
Today's quote received :
The Difference Between
A successful person and others....
Not a lack of strength, not a lack of knowledge,
But Rather a Lack of Will...!!!
@Nagendra I think it will not be appropriate to post the trades... then there will be no meaning of all things on this blog... Ilango sir always said that he want to make his followers independent.
So if he posts trades then all other things are useless.
Please don't get hurt.
Dear Master, Good Morning Sir.
Kumar, your simplicity is your greatness.
I am quite amazed to see Master's sublime attitude of
self-less service!
NF high and open is same till this time
GM Kumar Sir ....----
Sam
Junior member- Kumar Sir Fan Club.
Good Morning sir and Warriors
No Filter for today. I have corrected it.
Good Morning Sir,
Rebought at day low, should the SL be close below 5490
or 5525. Remember you mentioning that rebought has a
closer SL. Please guide
Thank youji
SSA Rishiji
GM & prannams to all friends
Dear All!
Yesterday I gave two important views, 1st was on Bank Nifty which turned down from 10918 & 2nd on RIL which turned down from 959.95, I hope it helped to all of you if not then think again about ur strategies. I covered my shorts fully in RIL @948 today & Bank Nifty partly @10805.
“A close above 10940 may give a breakout in Bank nifty spot for another 200 points, upto then its sell on every rise with stop loss of 10940 on hourly closing.”
“Index management is on by RIL, only sustaining above 960 it can do wonders either it will cool down after some time & Below 948 it will try to go in its favourite area of 935.”
Dear Prabhat!
As of now no fresh intraday trade, i m trading in my yesterday's shorts:)
Good Morning Ilango Sir and JN Family.
sir,
i feel that the red one with b pending a ended at 5605
shud be preferred view now because the rise from 5480
looking 3 waves and wave 1 is breached?? shud
conservative be sell rallies??
Intraday Vix levels:
Buy Entry table
Buy above 5572.05
Stop loss 5540.25
Target -1 5587.95
Target -2 5596.35
Target -3 5603.85
Target -4 5611.36
Sell Entry table
Sell 5540.25
Stop loss 5572.05
Target -1 5524.35
Target -2 5515.95
Target -3 5508.45
Target -4 5500.94
Expected maximum price range = 5619.76
Expected minimum price range = 5493
Kindly trade with care today. VIX hints a touch point of 5600 today. In case nifty fails to break 5600, then this will form a tripple top
at this level.
thank you sir for JNSAR filter correction... as a matter of simple observation i have seen that for 2nd day filter is not required....
@Nifty Future which filter? Please explain as I am trying to learn JNSAR trades.
Thanks Sir ,
Got the answer
@ Gagan,
Keep JNSAR-5524 or 21 hr sma @ 5530 as SL.
@ PS,
Micro waves - tough to anticipate but look at them without any bias, you get them right often.
If "b" has ended at 5480(Pink), then the upmove should continue, moving past 5570 today.
If complex "b" is still underway, perfect target is 5455-5465 and the liklihood of the same increases with a break below 5529(day's low) and then 5510(yesterday's low).
Trading light in 5570-5455 zone and holding the break-out is a good strategy.
thank u sir
Thank you Sir for taking the time.
Kind regards
Ilango sir Thanks for your valuable readings and suggestions
Exited DLF call option, as it did not break out yesterday.
Bearish on nifty, taken 5500 put option and hero honda 1800 put option.
First round completed, Whatever covered in opening...sold again with decent gains & will sell more in rally:)
Hi SAM! U r doing wonders, gaining profit daily & learning too.....keep it up:)
@ Kumar Sir,
Nifty - Bearish or Bullish for short-term?
as when JNSAR gets trigerred we use a 20-30 point SAR filter on the same day, next day & next to next day in order for JNSAR to survive in the direction of trigger...
so today was the 2nd day (next to next) & hence filter was applied today as well
usually i have observed that 2nd day's filter is not required & one can use the generated JNSAR for 2nd day as stop loss & filter point to take position in the opposite direction.. only 2nd day...
use DHema,DLema & D5-ema as supporting parameters.....
BN jnsar hit???
New Post Done.
Hi Ilango sir,
Is rebuysuggested for JNSAR when price is oscillating in between DHEMA and DLEMA
cooldent said...
BN jnsar hit???
No yet that was opening bell stampede
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