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...
80 comments:
you can stampede but do not kill the bull
because bull is there so bear is there.
uptrend is developing in hourly chart.
NIFTY OPTIDX Open Interest at 12 pm -> CLICK HERE
@Shradha
May be a pause day also before the majot fall till 5430 - 5380. MAX .....
Friends ,
Just a query :
If Nifty spot is hovering above the developing JNSAR i.e. 5631 @ 3:20 pm
but does not trigger the JNSAR for tday i.e. 5655 .... then
1) Cover ur short & go long @ that level
or
2)Stay short & take a call next day
Thanks
@ VivekB
Where did you get 5655 from?
Thanks
@KUMAR TECHNICALS .. GA
@pcsmitpra,
I know Mr.Kumar's method (i.e., his dedicated experience)
SIRJI, BOTH TT CONFUSING ABOUT HJNSAR.
Dear Pcsmitpra!
But u did not reply my question that how it is against the TREND? Anyway we have conservative shorts from 5700-5750 with stop loss of 5800. Yesterday we completed covering 75% shorts near lows & now started selling again between 5575-5625 so actually we are trading in our shorts. This is our trading style, but we always know our stop loss bcoz that give proper opportunity to re-execute ur trade:)
@vivekB. There r people who do both. So u can follow one method. I personally take a call next day
Confusions are always in mind If we dont believe in a particular system or ourselves.
Yash and Dhan
Dost , it was in the table given below the TT in the morning ....JNSAR @ 5655(spot)...
u can look up in the earlier posts tks
Hi,
Funny nos (for 150 pts range) based on nothing expect great number "9" but it has some weight in it (easy to calculate but difficult to understand, pls ignore it).
Levels to be watched:
5628-5611-5588-5583-5562-5517-5472
Danger nos to be cautious:
5650.5--5619.5--5599.5--5585.5--5572.5--5539.5--5494.5
Sorry, Ilango sir & others, excuse me if this post is .......... (fill up blanks as you like)
Chandra (... still learning & learning forever)
Note: Thanks for not asking calculation method.
Dear Prabhakar!
Thanx for ur kind words, Experience & Temperamant are important definately but ur open intt contribution also helps a lot to all of us:)
Where can we get Europe Index FUTS like CAC, DAX , FTSE etc.?
cooldent
Thanks for the prompt reply.....
@Kumar Sir,
All i want is to go to the land of Polar Bears (Antartica) :) and embrace all the bears :) :D
@sam
http://www.igmarkets.co.uk
@SAM
WWW.BLOOMBERG.com
Dear PT!
Joker of pack is 5450, some say 5400 but i think if Nifty closed below 5450 then bears army will attack from all sides like air, earth & water:)
@ sam,
You can get world future indicies from the below link:
http://www.bloomberg.com/markets/stocks/futures/
SAM
http://finance.yahoo.com/intlindices?e=europe
To Sam
go to Quote.com
@ Powertrade,
You said : Confusions are always in mind, If we dont believe in a particular system or ourselves.
To believe in our system, we must have confidence in ourselves. In the absence of confidence in ourselves, how can we put confidence in our particular system…..?
Thanks a lot Jagan, PT, Sujata, Satheesh, DR sir Parimal
You can watch world future in this blog itself
in live market watch
http://www.forexpros.com/indices/world-indices
this is for real time
http://www.forexpros.com/indices/india-50-futures-advanced-chart click on major and see all indices chart which u want.
A small cup with handle in 5min TF. Valid till 5560 NF breaks tgt upto 60-70points from these 5570NF
Sisssssssssssssssssssssssster
caught on camera
http://www.youtube.com/watch?v=WLkA9Hopw_g
http://www.forexpros.com/indices/world-indices
@SAM,
Why look elsewhere, We have link in JN itself. see under "Live markets to watch"
Nifty Intraday Update : CLICK HERE
Sabhi bandhoo logon ko pranam !
sujataji :)
great video DR sir.
Husband makes a mistake, wife shouts & husband says sorry.
Wife makes a mistake, husbands shouts & wife cries; & husband again says sorry
@Sujatha,
if it breaks then 5553? is this correct. At the least, let me try to fill in the blanks? haiyyo haiyyo enna chinna pilla thanma irrukku.. awwwwwwwwwwwu
If it breaks out of the pattern it would be breaking the 200MA of 5min TF, else it would develop as a fast fall from 5min 200MA.
@Kumar Technicals ,
I could say so because your levels were useful to me.
@RainMaker!!!!!!!!
Is CNBC-TV18 part of the Bear Cartel ?????!???
They were showing HangSeng as being down by more than 800 points. DAX is down by morte than 200+. What gives ?
@Nifty,
May today's virus of Sujatha reached CNBC.. :)
It seems NS to break and sustain below 5560 to go down. Till then NS may try to fill the gap.
Is there any -ve div. on 5min chart?
dear nifty the figure was yesterday figure
on an intraday basis channel has been broken
let us see how the day closes
@ nifty: http://www.mediacrooks.com/2010/12/do-you-really-trust-cnbc-tv18.html
Dear ILango sir & all!
After a long time we got a HELLO from RG, he is fine & said HELLO to all of you. I hope & pray that he will visit here soon regular as in past. I am really happy, sooner FIRE also must come back.
"Rajagopal said...
Dear Kumar Sir,
Great going. Hearty congratulations and gratitude. You are one of the great finds of JNU. Say hello to all friends at JNU when you visit."
Warm regards,
13 July, 2011
He commented on my blog so i pasted here, he is fine...what a relief...Thank God.
Thanks Prabhakar
Dear Kumar sir,
I too saw that note, but not clear whether it is our RG sir.
Also had this query, why RG sir not posted in JN? missing you RG sir.
Hi,
Ilango sir's chart indicates 5589 & 5619 are 38% & 50% retracement.
Refer my earlier post, funny no list:5588 & Danger no list:5619.5..but it has some weight in it..
...5494.5 also part of danger nos list, refer yesterday's low...
Be aware of 5588 matching with 21HrSma being developed after 1pm.
Funny nos need not be funny always, it act when matters!!
If danger fellows are handled properly, they became friendly & help.
Chandra
This rally may end at 1:30.
we had 240 point fall. 80-90 point rise has been normal retracement
in the past in very minor waves. 180-190 points retracement have been
in minor waves. since Retracement was more that 180-190 point that is of 240 point, there are chnaces that this may be impulse waves.
Dear prabhakar!
If he is our RG then thank to God again & if he is anyone else then he is playing with our emotions. I can only pray for our genuine RG, God bless him.
Rgrds,
Kumar
Can anyone throw some light on tax implications and tax rates on income earned from derivatives?
Dear all ,
looks like tug of war going on .. what is your view above 5583 or below 5568 ??
it has not moved below previous hour low since morning.
Only a move below 5566 will indicate weakness, 5560 is
trendline support in hourly charts.
If this is the C leg of a corrective bounce it may target
even 5630 (a=c)
krishna: they are treated as income from speculation. added to your income and taxed at applicable tax slab. STT paid is deducted from payable tax.
Prabha - u r very good @ immitating vadivelu..i always enjoy ur comment style :) by the way
டொண் டொடய்à®™்க்...சொல்லமாட்டனே 5560/5570 இரண்டுà®®ே FIBO.
timpass - puzzle
DR-ji - thanks. by the way am not able to delete my comment the box is not visible wat to do??
so funny and nice will show it 2 my "D"
Suja,
Naan sollatta??? :)
sir,
if it was a false breakout, then shouldn't it move towards
5400 again. Please comment on THIS CHART
Rainmaker,
As it is, trading saps your brain and now they want to take 30% of whatever little you make?
Dear Rainmaker!
This STT deduction funda is closed since 2 yrs, You can deduct ur actual expenses bcoz derivative income is business income.
Market is Very Good today
Morning, It was moving 5570-5580 NF, Who tok short waiting for profit
Afternoon, It was moving 5580-5590 NF, Who took long also waiting for profit
@Sujatha,
Romba nanri madam, hum ippadiya pona eppaidithan pozhappa nadatharathu?
anyway it seems 5500 & 5600 put OI will not allow to nifty to come down. yaravathu sikiram konjama profit book pannugappa. Grinder odi odi electricity theyuthu. Already there is less power in TN.
Krishna: they also allow you to carry forward your losses to next years :))
4-5 attempts to break through 5580 have failed...last one hour is showing some weakness..needs to drop below 5560 I think. Very tight stoploss needed...
NF Premium has gone up from Rs. 5/- today morning to 14/-now..
Any significance, Seniors?
@RainMaker,
You better check with your CA. As far as I know, trading in F&O is considered to be business income. Hence, they let you carry your losses for 8 years.
The STT paid is no longer deductible. GOI got
too greedy and decided to do away with full
deductions for STT. Instead they allow you to
deduct them as expense. So if you pay 30%
tax, then you get to lose 70% of STT to
GOI. And if you just pay 10% tax, then GOI
loots 90% of your STT.....As far as the
losers are concerned, the GOI takes the
entire STT booty.
@Prashant,
There were two breaks - one down and one up and both turned out to be false. The next break is likely to be a real one whenever that happens.
Sir,
and on whichever side.
which side do u speculate sir?
I favor the downside
New Post Done.
so , break on the downside it is ? Or is this false
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