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...
117 comments:
"5574" was keenly contested at 10.00AM.
gm sr and all blogmates
@Harpreet,
what does the Bats and Butterflies indicate?
india vix down and steady
Friends ,
Tday JNSAR @ 5610 (spot) with filter .... so gotta reverse the trade above
5610 with 20-25 pts. SL?
@vivek. Yes
Can Music Gives Us Chill Bumps?
http://www.youtube.com/watch?v=9F40TYejVlc&feature=related
sir if it goes above todays high should we take is as false ORB breakout as global futures and hangseng are firmly up plz reply.
As long as Nifty trades in 5000s, I somehow sense
it is going nowhere. I guess the daily grind is
on again.
@manojag
You forgot the Crabs. San, is there an Owl pattern too ?
NIFTY OPTIDX Open Interest at 10 - > CLICK HERE
@cooldent,
Thanks dost....!!
@cooldent
BTW , any paper trades @ "Trading Signal" sheet?
I feel we are correcting the fall from 5653
to yesterdays low 5532.
Common retacement lvl can be .618 which is 5605 and then
down again.
@Prabhakar,
Received details from Mr.Arif & I forwarded the same to you also.
Chandra
Nifty moving swiftly!!
jnsar triggered and 20 pts up
yes suj, didnt trade my analysis :-(
took longs on filter
@Chandra,
Thanks. :)
Whip Saw Time Sell Again Sl 5625 Spot now --- Filter Raised :) :)
Traders Psychology
http://werc.homelinux.net/photos/wow/Funny_stock_chart.jpg
this may cross 5740 lets see
Dear All!
Blog was updated & 5620 is a selling area with strict stop loss of 5650.
Dear Cooldent!
U r having serious backache & even then you are trading thru laptop & msging. It will increase strain & ur pain too. Kindly go for complete rest & first take care of ur health.
Rgrds
Kumar
Trading in nifty is fun nowadays:
Buy 5600 call at about 5550, it gets doubled.
Buy 5600 put at about 5650, it gets doubled.
nifty is moving swiftly but getting
just short from the break out.
next hour is crucial.
my tgt for this up move is 5712 then down.As per two patterns
on hourly chart.
ab jaise ek easy trade hai:
Buy ambuja cement 130 put, and it will double.
oooops
JNSAR triggered.... now SAR @ long @ 5610 is at 5590(spot)..
Good morning to master and all,
Thanks DR sir, wonderful psychology, its 100% true...last three years doing the same....hope now its ok......
@VivekB
Use filter so 5610 is JNSAR and also after whipsaw Trading below it Keep 5625 as Hard SL
Market tends to filter the weak...
If NS crosses 5636 and able to stay then Bulls take charge
Illango Sir,
what is the current poistion sir? Long or short & at what levels?
DR Sir,
My psychology, The profit booking of first lot makes me happy. The second lot makes me sad.:)
SaiBhakt has good intuition power.
@Prabhat
System is long @ 5610(spot) with SAR @ 5585-5590 (spot)
Yash and Dhan
mkt is RB dont expect much, atleat we r getting something
Thanks to Master for "Part Booking Mantra"
earlier was giving profit so many times
now pocketing some :D
NIFTY Near Resistance line: CLICK HERE
part profit @5650 NF
what is the havala rate?
euphoria has just began it will suck many baby bulls :)
what is happening with me when i trade in range
bound markets by part booking is i get the big move
in small volume. suppose if market rises and falls by 300
points and one gets the move in half volume, its great
loss.
Richhhhhhhhhhhh
giving callsssssss
Dr sir, I am not complaining. Part booking isthe best strategy it is saving my capital. Just that I have not seen some great profit in my small trading career. I know if I stick to one technique that day would also come.
stay put with jnsar
@POWERTRADE
Thanks for the input friend....shall exit @ 5630+ now & re-enter
@ 5625
@RICHARDSDIAZ
Did you buy back that 1 Lakh Reliance shares
no calls dineshwa just my intuition :)
Vikram,
Hawala rate is 5647 spot, which is also coincide with
WHEMA... closing above is highly bullish ;)
5650nf is resis trend line
5625 Protected :) :) But how Long
no i invested and crompton and minted quick gain
Resistance line in hour chart is near 5620 Nifty spot. Hour closing above it will make the bulls stronger.
@San
Thanks
i prefer holding on to JNSAR this time coz
1. we were in trading range and JNSAR has triggered 6 times, time for breakout.
2. Most of the time after RBI announcement Market rallies
3. Like last month Hawala rate might trigger, it happened on friday last time.
once closer to 5640, will keep a stop loss at 5620. lets see, nothing to loose
this hour candle is bulish then bulls are strong
ok but what about confirmation candle?
otherwise bulls will be just piping to the post.
prabakar sir...
plz send me sir.... i will check, my email
id sgmohanasundaram@gmail.com
suja exact 5623
Something Fishy 5500 Puts Profit Booking started or Covering :) :)
If it is a corrective bounce to the fall from 5640 to 5533, it should not move above 5623-80% retrace.
If it does, then look for the 80% retrace of the fall from 5740 to 5497 - @ 5691. Larger upmove gets confirmed above 5691.
DR.kumar sir good morning
pcmitpra,
It is 2.50 around.
I used to write the comments as "SaiBhakt", Now changed to my
original name"Pankaj Shukla"
Nifty respecting 5625 (spot) for now.... :-)
@VivekB
Yeah :) See the 5500/5600 Puts Writers are going mad for covering it :) :)
Dineshji please update your blog.
@Pankaj Shukla,
Are you devotee Sai?
NIFTY OPTIDX Open Interest at 11 - > CLICK HERE
Sir ,is this a breakout(ealier it was false breakout)?
Any one indicate CAM Daily H4 & weekly H3?
Chandra
"SaiBhakt" aapkey kitney roop!
Sustaining bank nifty spot above 11207. booster for bulls...
may be suja,
but market is giving us a message. gap up. supporting
at yesterday high and breakout. what is happening is
this
what can happen is only god knows....
Friends ,
Tday JNSAR for Bank Nifty @ 11220 , high @ 11219.65...jai hoo!!
@Illango Sir: "5640 to 5533, it should not move above 5623-80% retrace."
This is exactly where Nifty resisted. Many thanks for analysis made easy.
jayant singh said...
Dineshji please update your blog.
July 22, 2011 11:13 AM
Therz nothing to update Mkt stuck
may be next week it gives breakout
dont worry 1000 points awaiting & we not going to miss
Babu what u say
Friends ,
If JNSAR triggered @ Bank Nifty tday , so SAR will be 20-25 pts. or 50 pts.
below 11220... given the volatility in Bank Nifty....?tks
@Chandra,
NS
CAM Daily H4 -> 5567
Weekly H3 -> 5573
Say Hi to 5691 now ;)
SL hit Now :)
it is out of range for bears now....
@POWERTRADE,
Yup @ SL.... time to go long with 20-25 pts. SL i guess...
:-)
Short Covering retailers may lift NF further?...
Now for the "Kumar Rekha" @ 5650 (spot).... :-)
@vivekB
Still am not convinced but SL hit means hit ...
rpthurai said...
Short Covering retailers may lift NF further?
Plz remove "?" and post it once again
and plz accept this
http://flowersindiaonline.com/products%5Cmotichur-laddu.jpg
Above 5623 Agresiveness in missing
PT its 11:30 only
if it breaks now
what will we do rest of the day :D
NF trading @ a prem of ~15 pnts
@Dinesh Sir,
Confusion hai bahut But My SL hit now :(
Hi Sir & Friends...
I am puzzled...took all my money out from here and there
and selected a home in Noida Extension... Now that is giving
full of tension. Some time life sucks you and you feel helpless.
this is my story:( & I took a long break from this family:(
took JNSAR trade @5587, profit book @ 5637, riding the second lot. Moved SL to JNSAR
मै ऐसा क्यु हु ..???!!!
@Prabjakar,
Thanks
Chandra
@Prabhakar,
Sorry for mis-spell
Chandra
PT
whats meaning of SL
the day I have started trading BOS I have 4gotten it meaning
:D
Trade like investor
Get Rich Slowly but surely :D
@Dinesh Sir,
1000 Points -- Up or Down ???
Market Buzz:
US President Barack Obama & Republicans in Congress are close to breaking a $3 trillion deal tht wuld lift the national debt ceiling and avert a catastrophic financial default, the White house told Democratic leaders on Capital Hill last night.
Hi,
Is there any way to understand whether a move
is due to short covering or fresh buying.
Thanks
@Dinesh Sir,
Very true Have learn lot Here :) From Sir and all the Seniors :)
5600/5700 put heavy writing going on...
yesterdays call writing at 5500/5600 seen huge unwinding...
POWERTRADE said...
@Dinesh Sir,
1000 Points -- Up or Down ???
July 22, 2011 11:45 AM
By God, I dont Know
but next week ===========>
Anil -ji, How do you say, it is put writing and why is not considered put buying ? Because, I notice you always talk in terms of 'writing' which is selling ?!
mere ko Audi leni hai too main Sl jarrur lagata hu!
@Dinesh Sir,
Okies :)
Sujeet, what is the problem with the house in Noida Extn? Just curious...
दिनेश भाई,
मैं एक लाडू लेलू?
Dinesh Rishi Said High noon
http://220.226.189.131/SSKICMT/Upload/NewsLetterUpload/Highnoon-Jul22_11.pdf
kuch hone wala nahi hai,
monday ko 5600 ka put phir double ho jayega
Fevicol Again :(
OI experts please clarify:
August futures change in OI is seen to be 110% - indicating rollover of the series. But is it long buildup or short build up? How do you asses that?
AFTER CROSSEING THE JNSR IS NOT EVEN TRY TO BREAK THAT LEVEL OF 5610
SO..... IS THAT MARKET IS STRONG
@Bala
My analysis style suits for writers side, since its
writer who carries risk more and want to encash
premium early on, buyers generally buy for hedge or
naked speculation, and thier loss is limited to capital..
but writers nature during thier adverse times reveal more..
like yesterday 5500 put writers didnt unwind even
market closed closer to 5540..
Thanks, Anil ji. Am I right to say, you are an Options Writer? :)
New Post Done.
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