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...
74 comments:
OI suggests action shifting towards 5400CE/PE.
Today Dineshji not present..miniting money with his BN puts :)
Reposting ....
Dear Innocent back benchers !!!,
You can't sail in two boats at a time.
Follow a single system and no need to go to paid services.
Here we can learn and earn under Master shade and some experts of JN family
Ilanog sir
Is 5380 possible as almost 1 crore OI in 5500 puts and just to butcher the 5500 put writers and even 5400 put writers the bears bring 5380 ???
Dr kumar ,
ur view for today pl
Good Morning Master and copy to All
Ram Charan, Hi
nifty said...
Booked out of all my BNF shorts @10915. Having
lost almost 500 BNF pts in the last 10 Trading
days because of consistent whipsaws, I have opted
to lock in my 350 pt gains.
*****
and mine put is still be become double :(
NS 5468 may be the deciding factor this hour..
@ PT,
Yesterday itself, the EOD 5400CE had gone up by 24%, an early indication of downward bias. The same tendency is seen in today's 5400CE.
However, the quantum is lesser compared to 5500CE/PE.
TA study shows the parallel corrective channel to be around 5450-5460 along with 9-hr rsi OS readings.
Being a settlement day, surprises can take it to 5410 today itself or (by tomorrow).
As Dinesh Rishi's strategy for the last two-three days, trade in JNSAR direction which has already fetched multiple returns.
we said 3 days ago that Below 5610, pain to bulls. Most of the pain has materialised.
@Dinesh Sir,
AJ Party
http://www.cartoonstock.com/newscartoons/cartoonists/lfo/lowres/lfon1l.jpg
@Ilango Sir,
Thanks a Lot
Dear Parminder!
Yesterday i said 5500-5450-5400 will be in eagle's eye of bears on expiry day. 5500 conquered by Bears easily so now 5450 & 5400 on radar but Bulls have to fight for their survival so they will try to save 5450-5400 anyhow. A bounce is due but its not necessary today, i booked my complete shorts @5480 and i will start buying but gradually for a pullback upto 5550-5600 with strict stop loss of 5400.
@ Prabhakar & Sanjay,
What I do not understand is "Why 5400PE quoting at 0.75, OI goes up by 21 lakhs?"
(The highest in any series of the day)
Kumar Sir,
say By God (i booked my complete shorts @5480)
dil ko shanti mil jayegi
Terrerist(Bears) attack at NSE & BSE..
:-)
Sir
after following the jnsar and orb i am satisfied
with my trading. by doing ORB in nifty and banknifty
i am regularly getting 15points in nifty and 25points to
30 points in banknifty easily.all credit goes to
Ilango Sir,Dinesh Rishi Sir,Kumar Sir,Seniors and all
blogmates.
@Illango Sir: Me too have the same doubt. If someone is
buying 5400 puts means that someone should write it. But
why would an option writer write it with such less
premium? He has nothing to gain but all to loose. ???
Confused .
GM Sir and all friends,
@PS mail sent. pls check the code.
Regards
I think downside target is 5460 only. not below that. some 4-5 points whipsaws may come.
dinesh ji ssa ,
rightly said difficult to digest kumar sir have booked out
completely
even difficult for mkt to digest
NIFTY OPTIDX Open Interest at 10.30 -> CLICK HERE
@Parminder: That is becos bulls from Hanuman mandir
gave call to Kumar Sir. :)
Dear Ilango Sir,
I ask Sanjay Bhai & Kumar sir to kindly provide the answer, as i am not good in calculating values of Option premium.
Dear DR, Parminder & prabhat!
By God ki kasam:)
Booked complete shorts in Nifty but some August 5700 puts holding in old clients accounts only bought @100, who are associated with me since long. So i started hedging those puts by buying Nifty august future & i will book 100% profit in panic. Lets see how it unfolds:)
Dear Sir,
The increase in OI in 5400PE could be longs in anticipation of market moving lower.
Thanks & Regards
Sanjay
@Kumar Technicals,
We are also with you since .....
@Prabhat
may be some one who sold at high rate is now trying to buy...
and one who is buying this at low price is thinking market may move down further and playing without SL...
Sir there is some thing cooking in 5400Pe
Might we get good rates at EOD
Dr kumar , i know by ur words u r right just joking ur a
man of Words
@Musti1780
July low was 5497 till today the range got broken again on expiry day --- Hence the Panic can be there till 5380 - 5350 also :) Just my opinion at 0.75 even if you buy 1000 and if you get 30 then its a superb expiry
Dear Mr Kumar,
Thank you for your prompt reply and guidance.
Thank you SIR
Regards,
Kumar K
Kumar sir,
For few minutes I was shocked to percieve you as a complete bull!! - but you are a bear in Bull's costume!! :) :)
In tamil there goes a saying "Pasu tholl Porthiya PULI" - meaning a tiger under the disguise of a cow!! you are a bear in disguise of a bull!!
Ilango 5468 is the 50% retracement of the entire upmove and hence strong support
Dear Prabhakar!
You are with me, but i love to be with you whole life bcoz you are a genuine & real down to earth person...thanx for being with us everytime here.
Dear ILango sir!
Sanjay ji is correct, 5400 puts buying is on. Perhaps due to most cheapest option in main trend direction. Interesting thing is..its volume candle showing its bought by bigger hands so it may rise 25-50 times higher today itself from today's low if 5450 broken.
Dear Parminder!
By God is a serious word but By God ki kasam is a real joke:)
Kumar Sir
10900 ki call 25/- ka risk
to lock my profit of 11000 Put :D
Om Namo Shivay
@Kumar Technicals ,
Thank you for your adoration.
@Kumar Sir,
GIVE ME 5380 - 5350 NOW :)
BELOW 5489 DOORS ARE OPEN FOR ANY LEVEL NOW :)
Dear Sateesh!
I love to be a contrarian with strict stop loss always. On monday tuesday i was a seller when it was 5680 & i will be a buyer in panic specially between 5450-5400. But closing above 5450 is safe for bulls either below 5400 bears will leave them in jungle. I said to Powertrade day before yesterday at 5580, its rivalry time so Bears will not allow Bulls anyhow:)
Dear PT!
5489 is nothing significant, Bears may be happy below 5460-50 only.
@Kumar Sir,
:) Thanks :)
Dear Kumar sir,
Thank you for your kind levels. God Bless you and all the readers..
OOT:
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Ilango sir, wht trailing sl can we have to save our profits from sudden jump if comes due to expiry??
Days high 5512???Thanks
BN recovering?
Normal TA reading suggests of +ve div in 9hr-rsi chart in an abnormal settlement day.
@ Bizagra,
As suggested in the PreMarket write up, book profits at the support levels and may even attempt "aggressive longs" with small SL.
Open Interest @ 5400 PE
Good Morning Dear Ilango sir and All JN B M,
As I know , all brokers have good amount from client which is idle in their account. The brokers (Who play I F&O), they write the options, money needs for 300 Nifty PE is approximate Rs 100,000. If they will get Rs 1 is equal to 0.30 % return for one day.
Dear DR!
Aap call buy karo ya puts par aap dono taraf se buying ka maja lete ho sir, All d best:)
The Up Move may get Stalked at 5502
Nokia1100 cost me 50bugs less than model and never hanged a single time since 3years while Blackberry8330 cost 3times the model hangs atleast thrice a day. Morale:- Settle in life with things that are functionally simple and easy to understand rather than complicated stuff that puzzle throughout life
Bought 10 lots of Nifty 5500 CE @ 9, SL 6.
everyone having early lunch :) no posts at all
The high price range for 5400PE is 3.70. Will it change as the day go by? or is it locked to that price whole day?
Dash to 5500-5510?
Ilango sir, can we resell at higher levels??where??
@Rama
Such puts are a fortune on expiry day and that too playing with just 20-25% profits of the month :)
ek mahaan aatma ne kaha tha: Mkts are not for excitement, If you need excitement, do bungee jumping, do para sailing.
Seems 5490 is not breaking. Book shorts?
williams R giving a sell again
Namaste Ilango Sir n Blogmates!!
NF expiry grinder on...
Good illustration of US Debt :)
http://www.wtfnoway.com/
Namaste! Where is Prasant today - one of our our expiry
experts. :)
High Noon
http://220.226.189.131/SSKICMT/Upload/NewsLetterUpload/Highnoon-Jul28_11.pdf
Nifty doing
Mere Hath Me Tera Hath Ho
Tere Hath Me Bajuwale Ka Hath Ho
Aur Uske Hath Me Mera Hath Ho Fir?
Fir Kya Teeno Milake Khelege GHOOM-GHOOM …
Ringa Ringa roses
What’s True Bravery?
.
.
To arrive home..
Fully Drunk..
Late night out.
N
Wife waiting with a Jhadu
N
You ask: Darling, abhi tak Safai kar rahi ho..!!
5500 crossed ...
Bottom is not properly made so another round of selling may take place, Intraday sell in rally upto 5525 with stop loss of 5550.
@BNS, chek this interesting site http://www.usdebtclock.org/
@dr - hahaha - great one liner
Options Expert,
If Nifty Spot is @ 5500 and the 5500 CE is at
trading at say Rs 15, then what will be the
price of 5500 CE when Nifty Spot is at 5550 ?
Will the 5500 CE have a minimum value of 50 ?
How do you normally calculate this value ???
PS. I will be away for an hour or so. Therefore
I need to place a Sell (limit) order for my CE.
But I haven't got a clue how to deduce my CE
price w.r.t Nifty Spot.
CABINT APPROVES LOKPAL BILL.
NEW Post Done... "Sorry about not alerting".
@Badri,
You mean the Joke Pal Bill?
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