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...
51 comments:
Ilango sir, can we resell at higher levels??where?? or at break of 5460??
Thanks
Namaste Ilango Sir & Blogmates,
OI Update at 12:00 Noon for July and August
Thanks & Regards,
Sanjay Kr Jaiswal
TT suggests sell on rises but weekly conf. is pending tomorrow for "Holding shorts".
TA/ EW study suggests a pause or a reversal from 5460-5475 zone (Refer charts).
Bulls need to move above 5528 & close above it to neutralise the weakness. For strength, a close above 5560 is a min. req.
As stated earlier, both month & weekly closes are due tomorrow and they present a weak scenario currently.
In sum, ideal selling zone would be around 5550 with a SL @ 5565.
For the day, a break of 5480 would bring some weakness.
Trade light.
I wonder what happens to both bulls and bears, if NIFTY closes at 5500.. :). That would be an exceptional expiry
Ilango sir- can you please confirm where is KST indicator now if it is not too much of a trouble?
Thanks in advance
europe da chola lalamlaal :)
expiry at 5440 :)
DR@, in that case, wife's reply would be "Nahin.. safai abhi shuru karti huin. :)"
@ Ramcharan,
KST chart uploaded(Hour). Day also in down below its trigger butn in +ve zone.
golden words of Lango Sir.
This is called neutral person.
Dear Friends - we never realize the true value of our WIFE till the time the Judge decides the Alimony - just some light moment before expiry mayhem - regards Deepak
@ Indian Trader,
Just check funny nos with to-day's range (so far) & yesterdays. Also few back days.
Chandra
Thanks Ilango sir.
nifty resisted at 10 ema in 30 min charts.
Hangsang recovered by 200 points from low.
AND EUROPE STILL SNEEZINGGG
PD
5520 - 5532 excellent are for shorting
@RICHARDSDIAZ
Me too of the same opinion :)
Namstey Sir:)
Namstey JSK JAI JINEDRA to all and Nimeshbhai India trader... Bhavan :)
As master has said many times - expiry will always be in direction of those who are suffering the most - Hangseng and europe will not play any role today - regards Deepak
Bhavan Mubarakbaad tamara sara news mate keep it up ...
@Prashant Bhai
JSK to you too :)
Sir i think JNSAR AND 50DAY movi avg this 2 r world best for tradeing as par my study in last 1 and half year... sir ty v much for JNSAR GOD bless u :)))
i think expiry 5525 par aayegi bec 5500 put OI is too High
I and few are waiting on previous page
for Masters NEW POST DONE msg
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.
dineshwaaaaaaa :) waiting on previous page lolz
@Nifty
Yes today it will be be 50 or 48-49 rupees
5501 - 5502 is proving a good resistance zone as of now
BNS and friends, chek this interesting site: @BNS, chek this interesting site http://www.usdebtclock.org/
Hangsang open 22246.
cmp 22547.
in green.
ncash trading above open price.
NAugust future open & high same.
PD
Nimesh bhai yaar 5504 ke upar jata hi nahi hai:( i bought at 5502 in aug :( looking for bounce not looking for rebound--lol
@Prashant Bhai,
Expecting a fall after touching 5520 - 5532
@badri good one!
wow high of day :)
As per my TA table developed every half-past an hour (last at 13:30), J10SAR is 5518. Appears it will trigger soon?
@ prashant shah, today's high is at opening 5512
Sold 2 lots of CE @18, moved SL to cost @9.
@nifty
Its value depends on when it going to hit 5550, if its
now then it will give you price of 60-62, if its after
an hour it will give 56-58, at 3:30 it will be at 50...
so at 5500 SPOT, 5500 CALL Rs.15(time value only),
what u r paying now is time value only, so time decay will be there in that call, sooner your TGT hits you will be save your time value...else decay will
be fast as per time...
Expiry Bonanza:
Buy 5500 july puts at 15-16, stop loss 8 and target 40-50.
@Kumar Sir
Now its a Party time :) :)
Dear PT!
This is expiry game, nothing else. May hit bulls eye or it will eat 8 bucks too:)
True Kumar sir :)
Missed a good re sell opportunity.
@Kumar Sir
http://i.telegraph.co.uk/multimedia/archive/01390/bear-cartoon_1390024c.jpg
@Yash and Dhan
Never Mind --- theirs always a better next Day :)
New Post Done.
Kumar sir,
how about august 5500 puts - at Rs. 100
HANGSANG CLOSED GRREN.
EUROPE RECOVERING.
NCASH ABOVE 5529 IS THE PANIC BUYING WL EMERGE.
PD.
Thanks a lot Analyst - anil ! That's precisely
what I thought too when I said "Will the 5500 CE
have a minimum value of 50 ?". In that way, it
seems like a lot safer bet to play intra today
with the options as the worst you could lose is
just the premium.
The downside is that when I bought the CE @9,
earlier in the day, NF was at 5481. Now at 5495
or so, one could buy the CE for Rs 9. Time has
already eaten away some of those premiums.
I hope that there is one late surge towards 5550
Spot (Ilango's resistance zone) and I could
trade the CEs for NF shorts. I got stopped out,
but I re-entered them at 10sh once I realized
that Nifty wasn't going below 5490.
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