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...
68 comments:
@Kavi
It is consolidation after an up move from 5195. So this can be considered as a bullish continuation pattern as you said a flag that is developing.
But major problem for bulls is the slopping resistance line. And price is giving false breakouts too.
Dini sir ,,
for this last week which option can buy?
Sis is on leave but she posted levels in-advance
Sujatha said...
Weekly upside target - my upside target 5642/5656/5696/5740/5763
Will catch you all by next week end.
Bye take care . Happy trading week.
regards
July 24, 2011 3:11 PM
brijsolution said...
Dini sir ,,
for this last week which option can buy?
on 26-27
ATM in direction of JNSAR
DR Ji,
June or July month?
I think we are headed lower to 5470 odd levels before moving up.
Cam levels,,
Daily..
H3 5654...L3 5614
H4 5675
H5 5709
Weekly....
H3 5665 & L3 5602 imp
more wll be update..
Ravii said...
DR Ji,
June or July month?
Corrcted july or aug right
Saibhakt,,
What u say about hindalco?
Brijsolution,
Ya, I mean to say july or aug. thanks
@Brij,
Still holding RIl..?
View plz
stockhitz said...
@Brij,
Still holding RIl..?
View plz
yes now s.loss 875
Ravii said...
DR Ji,
June or July month?
Only June Month :D
current months
Rule : Sell options before 15 , buy options after 15th
Thanks San sir
@Dinesh Rishi,
Only June Month?
Jai Sri Krishna all
Gudmorng everybody!
DR sir, June options r looking very costly:)
Dear All!
Blog updated, Nifty rallying before the events so be cautious...Dow future 145 points down.
Dini sir,,
mean 5800 call @ 57?? can we buy??
Brijsolution
ATM (At the Money)
http://www.trader-soft.com/option-trading/option-basics/in-the-money-at-the-money-out-of-the-money-options.html
gm sir and freinds
@DR
Sell option before 15, Earn some money
Buy option after 15 with the earned money.
San
(Earn some money)
Ye ishq nahi asan bus itna samaz lijiye ..ek aag ka dariya hai aur dub k jana hai
Dini sir,,
Difficult for me this option,, understand mean of ATM but how to find which call or put at same
DR sir, Pls protect LOC
@stockhitz
there is no point holding any stock in ur portfolio if u
dont trade in it intraday.ril in ur portfolio u
trade 5-10 pts profit everyday, u double ur money in less than a year
Brij: Dinesh bhai means..on 26th if nifty is 5650 and is above JNSAR, buy 5600 call and premium is SL and if nifty is 5600 and below JNSAR buy 5600 put.
brijsolution
its very simple ATM means at the money
call or put which is nearest to the trading price of Nifty
suppose if Nifty is trading 5600
so 5600 call and 5600 put will be ATH
and both will be very cheep around say 10-15 Rs.
Normally our SL for a trade is 20 points
so if we buy we dont keep any SL and let them die their natural death.
If our luck favors those 10-15 Rs will turn into 70-80 or even 100+
DR Ji
Translation please. My Hindi is not improving despite repeated efforts.
@Rich,
Yes ,You r right ,,
I am holding RIl Call,as discussed with friday regrding RIL-BP deal,
Thanks
Namaste! @brij in a fluid market, nearest ITM can be
treated as ATM. example- @ 5620, 5600C and @5680 5700P.
DR Ji,
Got it now, this is lottery trade... trade what u afford
to loose right ;)
San
Mirja Galib Said :-
It means that "Understand that love is not an easy thing.
It is an ocean of fire and you have to swim (or take dip)to cross it "
Replace "love" with "Profit"
pankaj target of 5470 before expiry or in august series
@ Dini sir & Ram charan sir,,
ok understand,,
now at present 5600 call @ 68.35
5600 put @ 28.8
GM Et Al
Dines sir, as soon a Jan Lokpal bill is passed, i want them to first inquire about your assets.
any thing two consecutive closes above 5656 only further bullish moves otherwise some bad very bad moves are headed... rbi is going to crack? or any bad news? RiL bad results... ?
Ashuuuuuuuuuuuuuuuuuu
I will be happy atleast during interrogation I will get
stomach full of food.
After interrogation I know they r not going to keep me
for a single moment
:D
Ravii said...
DR Ji,
Got it now, this is lottery trade... trade what u afford
to loose right ;)
Mean u want mkt wll be down & sar will be hit down side right?
@DR Ji
That is true, Nothing is easy in Markets Unless you have experience(in years) and a good trading system.
Brijsolution
Mean u want mkt wll be down (Mkt dont care what I want)
& sar will be hit down side right? (By God I dont Know)
Dinesh Rishi said...
5649.95
shame to Bulls
go eat grass and sleep under tree
-------------------
LOL
AshishAg
no need for new ID
only add your surname in blogger profile
@ Ashish, ya Also known as gnp....
@Dines sir, i know like kalmadi, u will also have tea-biscuits in Chamber of lokpal members
NIFTY OPTIDX Open Interest at 11.15 -> CLICK HERE
Namaste Ilango Sir n Blogmates !!
@ DR ji - ATM/ITM observation in Nifty Options
Now have been trading nifty options for more than a year.
Example to select strike price based on todays price action:
As yet NS Hi = 5651.85 Lo = 5616.7
If bearish buy 5700PE, if bullish 5600CE.
Always go for higher strike price(as compared to HOD)
in PE, lower strike price for CE.
Regards, BNS
@ Bhushan... LOL .. : D
Thanks
If 5622 is broken, all bulls will disappear for short term...
"Over bought" Hour TA. Remove JNSAR filter in this range bound market. Keep it as 5588.
Ilango Sir..Nifty making dots in oversold zone, so can we assume that its just a time correction going on for yesterdays move?
the 5 min ending 11.10 nifty future has huge volumes
with small price movement.what can be implications?
sabhi bandhoo logon ko pranam !
5613 spot is the level to watch out for. Until then ST trend is up buy on dips.
Gold 23,272
Wife के मिजाज à¤िगड़ ने लगा है!
@ RamCharan,
It has been a range bound market in this entire month. There are a few trendlines that could be drawn which has their resistances at 5665-5690 zone. Market has managed a 5652.
What we are witnessing is the weakness in Hour TA from overbought zone. We'll know its effects in the coming hours.
Week-Up but sell on rises.
Day - Up with momentum; EOD would decide any changes like "sell on rise" or continuation.
Presently the higher T/F is giving the cushion to intraday falls.
Weakness would be below Day's low.
Mkt struck
timepass - Mah all time favorite
http://www.youtube.com/watch?v=bIyUZPlO7ZQ
Vix up 5% ...
Nifty over bought....
DH3.. 5654 not cross....
Orb upside breakout & s.loss 5616...
Tadbeer : deliberation, plan
Thx Sir
@PS
i observed on 1 min chart, its a narrow range,its seems
supply has absorbed all demand at that level, and nifty is still not moving above that level decisively...now question came why they not pressing down button now...
i think they are supplying slowly, if nifty breaks
todays low, first confirmation of weakness, or else
if breahced 5650 expect more upsides..
Your views plz..in light of elliott waves...
Namaste Ilango sir and all,
Sir,
Who will be inflicted with max pain this expiry, people with long or short?
What time result will be come out?
@ Satheesh,
1st day started with a sell from the open @ 5700.
On 08th June made a high @ 5740 & Closed @ 5660.
On 09th gapped down with a high @ 5653 which is yet to be scaled.
Pain to Bulls below 5610 (first 10 days low)
Pain to bears above 5655.
New Post Done.
Every body plans for his coming Birthday, Anniversary
Which may come or not
But this day is sure it will come one day in everybody's life
do u have any Plan ?
I have :D
http://www.youtube.com/watch?v=QoOCxHAgn9o&feature=related
Ah, women and market. They make the highs higher and the lows lower
Sir,
After the europe opens the slide may start ?
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