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...
100 comments:
DR sir, IN or OUT?
Namaste sir and friends
LV
DR sir my respects to you. I am an admirer of you. But here are so many people who copy you even your way of greetings. Of course I love them all. I hope they copy and get richer by copying your trading methods.
Regards DR sir.
LV
As of now, any upmove may happen only above NF 5691-93 and sustaining it.
Weakness Visible Wait for break of 5670-5665 to short Straight way 5616 - 5580 - 5551
SOURCE :- NIFTY CHART
RESISTANCE :- Today the first resistance for nifty is at 5701-05 level.Next resistance is at 5720-24 level.
SUPPORT :- first support is at 5658-54 level.Next support is at 5637-33 level.
cooldent said...
DR sir, IN or OUT?
partial booked, if red tube-light comes will hook
Share tips and Alisha Jain Two show girls of Capitalvia.com are begging for Customers again.
thanks boss
@POWERTRADE,
I think these are Spot values.
Guys..just ignore them and they will die their natural death.
Now everyone knows who they are. Thanks.
The above post was to say ignore alisha jain and other ids from their company.
@Prabhakar
Spot Values :)
@POWERTRADE... Thank you
What will be implication if rate hikes or not...
Yestraday good result of RIl discounted and Axis bank good result welcome by bazar..so over all oprators does what ever they wanted to do..
stockhitz
I think its already discounted..
Yes DR,
What is FII figure for y'day?
Beerssssssssssss
http://www.youtube.com/watch?v=P-xNO5HETOE&feature=related
Category Date Buy Value Sell Value Net Value
FII:25-Jul-2011+2608.84-2293.12=315.72
DII:25-Jul-2011+1511.75-1287.5=224.25
http://www.nseindia.com/content/equities/eq_fii_nsebse.htm
sir , can u please send me the jnsar file to my mail id.
i have been searching your blog for a very long time.
thanks
ashokram1@in.com
Ilango sir wht can be the small sl for intra longs now??Thanks
DR,Thanks ,
If both have buy y'day and what is reason for selling today..!!!
Markets are more interested to know if this is the end of rate hike spree rather than the quantum.
Gm Sir & friends.....
DH3 5703 DL3 5657
DL4 5635
What is the RBI rates decision time? Is it by 11 A.M?
DR sir, Zor lagao
stockhitz
Simple
profit comes only when trade is closed
What is guarantee that they bought yesterday will buy again today ?
=============
I am not telling to sell, till JNSAR is up
No sell
Rbi hikes repo rate by .05%
Repo& reverse repo both hike .05%
ha ha ha ha
he he he he
ho ho ho ho
Sorry typo error its 0.5%
not .05%
BN going to fill day before yesterdays gap
http://www.youtube.com/watch?v=saApSghVCOU
ha ha ha
DR sir, Itna bhi zor lagane keliye nahi bhola tha. lols
maja aa gaya, 5600 ki put triple ho gayee....ha ha ha
Must see
http://www.youtube.com/watch?v=9Xzh0J9zFFM
@Prabhakar
Seems to Be :) :)
DL5 is 5596....
unexpected is reality
jansar trigereed???????????
JNSAR also trigger
one wayyyyyyyyyyyy
master
is it a retracement (0.618)(5618)? can we go long with
sl. 5593 jnsar and retracement (.80)
what is next?
5582 is next support.
A msg recived from frind...
THE WAY RBI IS HIKING RATE BY 0.5% ON EVERY MEET..SOON DAY WILL COME WHEN RATES WILL BECOME 20% ON DEPOSITS..SO PPL WILL NOT WORK ..JUST PUT MONEY IN BANKS DEPOSIT AND EARN AROUND 2% INTEREST EVERY MONTH...:) ( JUST A HUMOUR )
As per "JustNifty TA(26)" file as well as in BankNifty TA(26) file, the 9-hr rsi had given a negative div weakness.
The sudden fall has not provided a rebuy.
Now JNSAR has triggered a sell.
@POWERTRADE, I am busy... gathering points.. Thank you
HELLO BLOG FOLLOWERS NOW JANSAR TRIGGERED..............
Big fat fingerrrrrrrrrrrrrrrrrrrrrrrrrrr
if 5582 broken, next is 5547.
Dini sir ,,,
I bought 5600 pe :D
Enjoy with 150% return....
My life may change forever if it falls more towards 5400.
Finger Crossed, not exiting.
God, tussi great ho...
50 bp increase in interest is an immediate dampener
actually JNSAR was in sell mode for a good 1 hour since morning I think. Great !
J10 SAR is above JNSAR, so if ur taking the trade do profit booking frequently.
Majja avi gayo dhikra
SIR TODAYS JANSAR STOP LOSS IS 5593+20=5613???????????????
WHICH LEVELS IS TODAYS TIS CRITICAL TRADING STOP LOSS???CONFUSED TODAYS STOP LOSS?
Dont distribute sweets or open Bottels
News Based candles retraces
Dini sir...
Thanks a lot to u....
Khub maja avi gayii...
Ur excellant
i was bussy booking profit
what a crash
सारे bulls जमिन प़र
Below 5665-5670 NF rocks now :)
Sir, reversal at 5615?
after policy is out.
"हवा तेज चलेगी टोपी संà¤ालना"
July 26, 2011 10:06 AM
dinesh bhai yeh aap ke liye
http://www.indyapulse.com/recipes/images/Kajubarfi.jpg
fibo resi now are 5611/5627/5643
US debt walo, give some bad news please....please
Berger Paint,, good going
POWERTRADE said...
Below 5665-5670 NF rocks now :)
yes u told,,,: D
Below 5580 ---- 5532 Will rock ---
Nifty Back to 5605 levels again : CLICK HERE
Below 5567(80% of retrace of 5533 to 5702) would reverse the trend.
JNSAR "short" trade need to be managed with this hour high.(Presently @ 5637.30)
RBI maintains hawkish stance on further monetary actions.
SIR TODAYS JANSAR STOP LOSS IS 5593+20=5613???????????????
WHICH LEVELS IS TODAYS TIS CRITICAL TRADING STOP LOSS???CONFUSED TODAYS STOP LOSS?
Sujatha Ravi to me
show details 11:29 AM (0 minutes ago)
Saas ki demand - ladki khubsurat ho, Ameer ho, Padhi likhi ho, kam bolti ho, ghar kaam me mahir ho
Ladki ki demand Saas Photo Frame me ho!! :)
Just for fun - don't mind.
Sensex support - 18540-60/582 break only is -ve or else again nifty will move up :) will touch 5717??? as usual with wild thought :)
hv a great day
regds
Booking profit in this market is a good idea,
who knows 5700 if comes again! Enjoying :)
Dineshwa daler bhaaji:)
Nifty seems to be follwing weekly TA where it was a sell on rises.
will it now move towards weekly low ema (5490)?
Sir,
as we discussed two false breakouts on either side and anticipated a real one
this time, but even this one seems to be a false one.
Chart Posted HERE
@ vote4LDF,
We were looking for a rebuy around the Pivot or @ DHEma but the sudden fall from 5680 after the RBI rate hike cautioned and it broke all supports.
"Below 5610, weakness would cripple this rally".
"Part booking keeps you in wealth".
"5567" has been a good support recently - you might note it in hour closes and it coincides with 80% retrace of the last rise from 5533 to 5702.
"ii" gets negated only above 5740 which means, "iii" wave down may have started. Before getting "euphoric", let us remind ourselves that Nifty has been "grinding this 5500 to 5700 this entire month.
Below 5610, pain to bulls and above 5655, pain to bears.
Yes Sir,
5567 is key number now.
Mr Kumar,
Yesterday as per your advise on your blog shorted Nifty at 5705 and BNF at 11420.
Today booked partially 100 points in Nifty and 200 points in BNF.
Thank you & HATS OFF
Regards,
Kumar K
NIFTY OPTIDX Open Interest at 11.30 -> CLICK HERE
@ Prashant,
Our yesterday's EOD title is "Nifty shows a break out @ 5655 & a resistance @ 5701".
because though it showed a break out above 5655 in one chart connecting 6181 & 5944 but the other chart showed the breakout point around 5700-5705. Accordingly, it would be a break out only above today's high-5702.
Sir Will market goto 5630-5650 again today
as it has fallen very sharply.
http://www.youtube.com/watch?v=wrIMVq7nHwY
@ San
good observation. actually nifty follows all physics
rules. Nifty never raised up more than escape velocity
, so that it can go up vice versa.
sateesh wrote at 2.31 pm yesterday:
Hour Bearish gartley formation Initial target achieved. If there is a firm close above 5685 then the next target would be 5727. The PRZ is 10 points +/- from 5727. As per Harmonic trading concept NS is likely to retest 5600- 5500 levels before moving past 5740!!
sateesh,
hats off to you. Fantastic work.
RICHARDSDIAZ said...
Dineshwa daler bhaaji:)
SSA Veer ji
n u?
YES
Dear All!
Blog updated & 5640-50 will act as stiff resistance now.
Mr.Kumar K,
Thanx for ur kind words,i read ur msg last night but could not reply. Nice to know about ur profit, All the best & keep it up:)
@Manojag
:) Yeah --- Closing session remarks by sateesh :)
what is the likely retrace?
Ashish bhai, I have booked and now intra long for a few
pts +/-. I was short from yesterday. RB market and
aggressiveness sometimes rewards, but very dangerous
path!!
Sir,
from Open Interest point of view, there r too many longs in the system,
and this rate hike may trigger a long liquidation spree, specially when only 2 days
left for expiry, 5550-5650 range will, however suit the options writers.
@ Ashutosh Agarwal,
Holding above 61.8% & 80% retrace 5598 & 5567, it could attempt 5645-5655. However, it has to overcome the initial resistances @ HLEma(5628) DEma (5621)
Kotak says
Buy 5600 put with Target of 5500 and SL 5636
Alert
Below 5580 --- 5551/5532 the targets
New Post Done.
@PT
That r the good support area...Trend is still buslish...
@Illango Sir: If nifty sustains 5567, then should we
consider this as a re-buy point?
sir , can u please send me the jnsar file to my mail id.
i have been searching your blog for a very long time.
thanks
ashokram1@in.com
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