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...
111 comments:
For Bears: NF has not cleared 5661.(61.8%) though NS just did @ 5647.
A move past 80% retrace @ NS 5691 would change the EW labeling.
Dear Mahes!
Its not like that, no question of demolishing bulls. Trading is game of trend & levels, if one will go short on these levels then risk reward ratio is wonderful. But it does not mean that one's stop loss may not hit. If you will go thru my weekly aggressive Buy view then u will find another picture. My view was buy near 5500 with stop loss of 5450 & target will be 5650...now it came. Same in Bank Nifty...It was a buy near 11000 with stop loss of 10950 & target was 11300 so all levels came. I also bought near 5500 but i bought my shorts only, no fresh long bcoz bigger picture is disturbing me. Hope now you will understand my strategy better:)
There is a minor -ve div in 9hr-rsi chart. Next 2 hours likely to confirm it.
NIFTY OPTIDX Open Interest at 2.00 -> CLICK HERE
My JNSAR Long trade will trigger only above 5647.50.(Regret the fine tuning)..
:) :) :) :) :)
@ALL,
Rally is finished or close to finish.
But BN is still superfast mode ... another day high. What is the right level to short BN?
JNSARians,
Anybody had Ur lunch? ;)
My JNSAR triggered now.
Bank Nifty Traders
http://www.youtube.com/watch?v=V7g4e5m5aRc&feature=related
"5631NS" is the SAR for it.
NF 5650 Jnasar trigered.
Yt should be sl 5630 or 5620?
saibhakt you kept telling everyone no long market, no long market,
why do you always do this?
stick to what you want to with a stoploss please
Thx sir I type & U respond it.
My Gud Luck
is JNSAR saying to go long now?
As a disciplined JNSAR trader i took short 3 days back , covered 50% at 5550, and today covered my shorts and long now with SAR at 5608.
Ilango sir welcome
5647.50 triggered
Nifty consolidation pattern updated : CLICK HERE
bears trashed today
1st time i entered into JNSAR trade perfectly :)
Ravii...
Same is the case with me too... :)
@ DR sir
Big question one
Let me know who got the kiss & slap really?
i got both kiss and slap
:( :( :(
I also from day trading to JNSAR.
@Ananyavrat,
5600 ka put buy kar lo, life change ho jayegi.
@ Bhushan
Congrates
Me too for the first time in JNSAR trade... :)
Seems like I am getting slapped bothways :( :( :(
I'm still not convinced of this upmove. But will follow our system, willing to give the dues.
I would be comfortable above 5690.(80% retrace as the fall was a 5-wave type)
Sir
How much the chances to come back NIFTY Below 5600
I have long Today @ 5695 after breakout @ 5692
it looks end of rally.
Typing error 5595 --5592
Sis why have u booked?
show me 11400 once again I wanna exit
cry cry cry
generally i do not give a call, but giving to you, bcoz
"aap bade naaraj ho"
two good jnsar trades. may be a whipsaw this time?
:) :) :)
cool slap now
5630 NS broke does that means SAR hit...??? plz confirm...
Illango Sir: The long position taken @5647.50 is close
to trigger its SL & go for short position @5631.
Do we revise the SL & take shorts at lower level?
Now some real buying in 5600 Puts
bad day!!!
Intraday channel broken
Upload image -
http://postimage.org/image/240tlm8qs/
5631 SAR tiggered? Should we short now?
Prabhat
Mechanical totally the Sl for longs got triggered at5631 so now again in shorts
5631 SL for longs triggered again... just sm1 mighty playin around.. DR sir, I hope it was not u...;)
मार्केट की महिमा अपारम्पर है!
@San
Is it a busted pattern now
@prbhat i guess triggered. im short now
20 minutes & 20 points fall.
Yes.. To me My JNSAR is short @ 5631 with SAR now @ Day's high.
Last 1 hour..Nifty CE's upto 6100 are losing OI & PE's
upto 5900 are adding OI....
Some times we have to give small remunerations to operator
:) :) :)
<3 <3 <3
@PT
Not yet price should go below 5602.
Those adamant bears should pray for a close below 5650. If price closes above 5650 then nifty will try to hit 200 DMA again.
Yes JNSAR sl trigred.
it goes till 5629
so very confusing ...Market is going both ways , triggering stop loss both ways
@San
Thanks a Lot
@ San : 200 DMA is near 5737... right
Yes, the intra fall is again like a nice 5 wave pattern... so off we go for another round now... I hope we get a good wave 3 now...rather than a B... all the way to 4800!! mr Nifty.. pls..just dont cross 5640 again now..
Looks like operators watching this page today
& making Ulta Palta moves ;)
Oh ho!! today, I didnt even notice we are way past 2:30..and todays high was reached at 2:38
@Ravii..
Sure, JN's popularity has increased by leaps and bounds now! they have to keep a watch...
@Sanz
Today morning it was near 5737
Reposting:
Sir,
Mynac used to say, once JNSar is triggered it will again retrace back to its levels and continue again. I have also observed this many times. So applying the filter also my opinion is that unless NS closes above 5650, it would not be prudent to go for longs. I have shorted with a SL closing above 5650.
right ravi
look like FII's and DII's tracking this blog
;) bull trapp
moody have downgraded US for debt concerns just 15 min ago
@ Smita,
There is no confusion.
We observed that market will continue its corrective move up holding above 5537-5541 and it made the lows at 5542 and moved past yesterday's high.
5642 & 5661NF were expected to be the resistances and it has made a high @ 5667 and has fallen presently.
Let us not look for absolute numbers but "close enough".
shreyunik/bhushan,
Oh, i was kidding actually. Do big players really track
this blog :O ... OMG!
@ san Sir : that's not possible... to touch 5737 sensex must come near to 18950 and that figure didnt came today Sir... sorry if i am wrong...plz check
No hourly closing above 5650.....Bulls looking tired & bears will dominate below 5615-5620. Lets see how it unfolds now at closing????
@sanz
I was talking about closing the day above 5650.
great day i made good profit both side
it seems nifty is tracking dow now that was also 150points
at one time and closed just 44 pts up only same thing nifty
is doing
Sir, TT update please..
Shai Baba Jai Ho!
majja avi gayo thakur
Updated
Sir,
Bought 5600 put at 57...Thanks a lot sir!
Guess this trade turns multibagger for me :)
We got 50 points in 30 minutes of JNSAR Sell trigger.
if any bank goes bellyup tommorow then circuit time
:) :) :)
@ ilango sir ..for sure.
Natti. Did u take the short trade? :)
One more buying opportunity!
Operator returned which we gave.Thank you Ilango Sir for your levels
Nifty chart updated : CLICK HERE
Small Averages are above 200min MA will it gv a bounce in the morning session for 2moro... plz confirm
Ilango sir, Kumar sir and SaiBhakt sir
Good one.
:) :) ;) A Lovely Day :D
@San,
What is supp. line level?
5575 is 50 % retracement lvl of spot from today's peak.
45 minutes & 55 points fall.
Hats off to iilango sir , perfect as usual ..
A close below "5598" would be the first step towards a reversal, though closing below "5639-DHEma" gives the "Sell on rises". But the close below Close Ema(5598) make the rise difficult often.
@Prabhakar
For today its near 5570 spot
Picture abhi baki hai! May be tomorrow the dreaded 3rd?
Dear All!
Now u got it that why i said earlier, now carry & enjoy shorts:
"5650 is very strong stopper this time...swords will come out even between 5620-5640 too. I follow day closing but one can follow hourly to avoid risk:)
July 14, 2011 12:34 PM
@Kumar Sir
On the Rocks --- Thanks Too :)
annyavrat ji,
Now u may be happy. Or you will not speak.
Poised for a gap down tomorrow??
Funnily,nothing happened in the day today... market was FLAT!! haha
Sir, I have one doubt,
Are dollar and equities inversely propotional or vice-versa. Can you please provide a writeup on this issue this weekend? It is has been quite a long time since you have put up any article!! :)
@Kumar Technicals,... Thank you
Last Thursday,
high was 5740.(recent top)
second day a big fall.
May same repeat?
better to hold 5500 pe.
I expect 5355 in this month.
Dear cooldent,
I was having lunch when I came came back Nifty fut was 5585
covered at 5585. Now waiting for tomorrow to take fresh position
All JNites,
"GUESS WHAT TOMORROW"?????
IT IS "JUST NIFTY'S" BIRTHDAY!!
"HAPPY BIRTHDAY - JUST NIFTY" - and Ilango SIr, Salutations to you for your selfless service.
Europe is trading near low.
Wish good morning to bearssssssss
Today during last hour , things turned suddenly bullish when most of us were ready to go short at 5547+ lvls , i started having second thoughts to go short ...and then and even fast reversed to bearish ..What was the reason for nifty to behave in this manner ? i did not get it ..was it because euro fell?
Ilango Sir,
Can we take EW count as
Wave 1 – 5196 to 5740
Wave 2 – 5740 to 5400(???)
A wave of 2 completed at 5497
B wave of 2 completed at 5654
C wave of 2 currently undergoing with price target 5400 and below..
Is the counts correct?
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