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....
-
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...
62 comments:
which side do u speculate sir?
I favor the downside
sir,
how can i make the prices appear on the right-side grid?
@ Prashant,
Present set up such as TT, impulsive move down, slowly deteriorating weekly TA points to downside.
If it changes direction, we would act accordingly. Till then go with the flow.
@ Prashant,
You keep the cursor on the side part of the chart and right click and you'll get "Format axis"; click on it and choose "Major tick mark type" - as Outside. The prices should appear.
Also set "Axis labels" as Next to axis
H3 5549 imp to break,, bears tod do
Satheesh - praba is roaming around FIIs (OI data) hence pulled his leg :) dont tell :D
by the way nifty future too 5578 FIBO since 2 days roaming there only fromm where to where?? :)
watch this three how nicely the FIBO is simply
GUJARAT" Govt. is 2nd best state Govt. in the world as announced by international council of UN.Before 10 year they had 50,000 crores loan in world bank. But today they've deposited 1 lac crore in world bank*gujarat:"NO BAR""NO POWER CUT""15 % of WHOLE INDIA EXPORT is FROM Gujarat"Think who is 'INDIAN IDOL'? Rahul Gandhi or 'NARENDRA MODI'.
NIFTY OPTIDX Open Interest at 2.20 pm -> CLICK HERE
Yes brijsolution. chek this. http://unpan1.un.org/intradoc/groups/public/documents/un-dpadm/unpan039440.pdf
Sujatha, solla vantha puniyavanaiyum suruku pottu amukkuna eppadi.. :)
Yes badri ji,,,
Now celebrate this with break 5549 nifty : D
@ brijsolution,
Jay Jay Garvi Gujarat……
Swarna Akshare Lakhase Kavio Gun Tara Gujarat Na……
Jay Jay Garvi Gujarat….
friends,if it could sustain.556o.it will attempt 56oo .tomar0..oi data suggesting.
"5500PE" & even "5600PE" adding huge OI today, signalling the importance of yesterday's low as well as ST upside possibility.
Bloomberg Headlines:
European Stocks Climb on China Growth
U.K. Jobless Claims Rise More Than Expected
Oh sir,just wanted to write about OI, but u highlighted first..
Its 5600 put which is creating hurdle for fall, inspite of ITM put its worth noticing such huge OI addition almost 20.5% UP
kumar sir, & nifty thanks for bringing to notice the changes in treatment of STT. have been surfing the net.
Will check with my CA and the previous ITR how they were treated in the past. though small amount must have missed in other details.
Anil - Just a wild thought - generate a bullish feeling to trap all on thursday or Friday???
yesterday i was a small bull worked out today, tomorow?? :P
My observation:
As per Hr.Sl.MACD a buy is triggerred by the MACD crossing over the MA. Also the 20 DMA has gone above the 50 DMA.
There is a GAP above(yesterday) and a GAP Below(today), which one have power?
Today nifty close above 5580 then mkt wll be with bull strength..
@sujatha,a bull trap?
brij: agreed but seems to be a tall order, till now 5580 has resisted well only one 5 min candle closed tad above 5580. it seems it might be taken out in gap up opening. as Ilnago has pointed out thru the OI data the ST might be bullish.
@sujatha
it might be possible, in june also 5400 put added OI in excess of 1 cr, still v traded below it...
so its just a pure OI buildup analysis,as writers always carries more risk..
more picture will b clearer at EOD...lets see
Above 5592/98 it will be difficult to stop these bulls
LAST DITCH EFFORT TO BREAK 5580
Looks to me, we may test and surpass 5700 this time with less comfort?
Dear All!
Today our dear SaiBhakt is not telling us "No Long pls" but today i am requesting the same. Tomorrow 1st Inflation data is coming after price effect of diesel hike so it may surprise you on upside & Nifty may surprise you on lower side. If this happens then Bank Nifty will be Bears tool so reduce ur long or properly hedge ur long. Its 2nd day continue when we are trading below 200EMA, 15DMA & 5DMA....so its not good case for Bulls anyhow. Somebody was discussing about huge options trading by Fiis yesterday on Tv, can anybody confirm about yesterday's options buy-sell position of Fiis?
Hourly chart also supporting bulls ,, but confirm only above 5580
Hi,
Kindly re-collect Sir's pivot for this present range is 5550.
Today's open & low are almost same - apply thump rule for open & low same with some filter to overcome spikes..
My funny no 5562 is joining with To-morrow's
developing pivot which is around 5564 & recent down move was taken care till now by this 2 fellows.
Danger no. 5539.5 is just under to-day's low till now.
Danger man 5539.5 may lift NS or pull down, controlled by Sir's pivot 5550.
I will stop posting nuisance posts.
Chandra
HrJNS also around 5565?
Chandra
Nifty ji
Badhey chalo, Badhey chalo, Badhey chalo
Hum tumhare saath hai
INDEX OPTIONS
BUY--
no of contracts - 527652
Amt in crore-- 14508.08
SELL--
No of contracts- 473681
Amt in crores - 13167.91
OI at EOD -
No of contracts- 1424718
Amt in crores - 39365.48
Net - Rs in crores +1340.18
Dini sir also want upmove...
What is ur bank nifty tgt ?
ST hit..going long..5600 call
Brij let buy trigger first
than will think of tgt :D
ok Dini sir... waiting
last ditch attempt to move past 5580, getting resisted, seems kumar sir is creating huge shorts
@DR sir :))
Dear pcsmitpra!
I am not trading for short term, I am trading in my shorts. If u have bought put then u must know ur stop loss. I will be worry if This market closes above 5650 on hourly chart:)
Nifty reached 50% retracement of fall from 5740 to 5497 ...5590
ANY GAP UP OR A MOVE PAST5630 WILL LEAD TO SHORT COVERING TOMARO
SIR, wts tomorrows developing jnsar for BN?
5600 ------1
5600 ------2
5600 ------
Mushkil hai
Sorry read 50% as 38.2%
Nifty Cup and Handle breakout : CLICK HERE
Kumar Technicals said...
Dear pcsmitpra!
I am not trading for short term, I am trading in my shorts.
I am trading in my swim costume soon after trading have to leave for swimming
BN JNSAR for 14th: 11250
Nifty closer to resistances.
Looks like Bears are getting mauled once again...Another Gap Up Tomorrow ?!?
dont worry bears 5602 not closed tom morning there will
be tamasha
MORNINING STAR PATTERN ON 4 HOUR CHART
@SAN.GOOD CHART .SO WHAT NEXT?
i partbooked my longs initiated O/N shorts
@ Nifty
only 4 u
http://whosbadpartytime.files.wordpress.com/2010/02/local1.jpg
5600 calls require large bulls
reverse of what i said yesterday
jai jai garvi gujrat,,, celebration....
break of 5600 calls require large bulls
DEAR ALL KUMAR TECHNICALS ALREADY SAID SL AT 5650
FRIENDS,PLEASE NOTE THAT BULLS AND BEARS ARE SAME .THEY CHANGE SIDES FASTER THAN U N ME.
mkt will be volatile in coming days
before taking any concrete path
smart money ?
Given the minutes, investors will be watching closely Wednesday’s testimony on monetary policy and the economy by Fed Chairman Ben Bernanke to the House Financial Services Committee, due to begin at 10 a.m. Eastern time.............
Post a Comment