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...
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Superb Volaltile Day
Nf moving 1 point only :)
POWERTRADE said...
Superb Volaltile Day
Nf moving 1 point only :) ?
@Sam
Where is the momentum ??? Tired of this Fevicol
@PT:
Hopefully, sabar ka fal meetha hota hai... ab bas aur 15 minute.
@Shreyunik
Yes :) :)
Praba - So far hourly low nd close r within impt. fibo level
PT - lolz :) ha ha ha
When GOD is shocked he exclaims “Oh my Rajnikaant!
Intel’s new caption – Rajnikant Inside.
Dear Dinesh Rishi sir!
I am asking you & you are again asking to me, its surprising. You are an analyst, me & my frnds follow ur blog so want to know. I was out after breaking 11250 as per ur SAR but today u suggested to buy bank Nifty future so i bought again at 11300. But when i checked your blog, its showing SAR 11250 that still mean long was exited so I am confused sir that we are positional long or exited. Sorry sir, dont take otherwise & pls reply.
RAJ
Good afternoon Everybody...
@Raj. If u r following DR's blog one thing very clearly written is 50 points stop loss for banknifty. And i dont think he told to buy today at 11300. Ideally u should have bought at 11250 with sl of 11200.just my few cents
hi mynac - so cuteeeeeee baby :)all is well and went on well :)
pls. shake nifty with your full "money power"
It is luring
@Mynac
Good Noon Mynac :)
Big boys may came anytime now,,
Turnover till now, indicates their absence..
F&O - 60,000 cr
Cash - 6000 cr
low turnover till now...
Turning point today or Churning today :)
Hello Dear PT & Sujatha,
After so many days returning home :) Nice to meet you all.
Now a days still busy with my Nephew's marriage
ceremony,& he is the elder one from our family so only cannot attend the classes.:)
Now 2.30 shifted to 3.00
@ Raj,
Dinesh Rishi said...
RAJ if SAR is 250 what will be SL on new trade?
July 18, 2011 1:57 PM
It is a question intended to educate you. SAR has just one number as it is "Stop And Reverse" trading method. Accordingly 11250 is the trigger to go short if the earlier trade was Long. He has given a filter of 50 points.
There is a potential fast rise set up in 5, 20 SMA in daily charts
There can be a sharp breakout if 5560 is protected.
There is a trendline support at 5560 in daily charts.
so one buys at 5574 nf with sl at 5569 nf
GA mynac,
Missed your valuable inputs all these days. Welcome back
Just Read Dear Ilango's morning comment
addressed to Dear Ravii,
After a sharp fall from 5653 to 5542, Nifty has been trading in a small expanding triangle. The range is contracting. The breakout is likely to be above 5610/5625 or below 5562/5542.
And the huge 18 lac +intra addition in NF is not encouraging sign for Bulls is very initial impression.Now a days totally away from market so,as usual watching the screen like a baby.
Powertrade,
Today or tomorrow?
ncash, bank nifty & cnx it at low point.
:) :) :) :) :) :) :)
Ravii
Difficult to predict the market but tomorrow with a gap down we may get .. at present 5560
NS breaks so today also possible
GA Dear satheesh..
Going to gap fill??? : D
Dear Lango sir & Cooldent!
I am still confuse, when he gave his call that time Bank Nifty future was at 11285 & after watching few moments i bought at 11295. Its his msg:
Dinesh Rishi said...
सब को नमस्ते
कमावो हँसते हँसते
बैंक ११२५० फुतुरे ओपनिंग
५० पॉइंट स्टॉप लोस (डेस लो अल्सो सेम)
ट्रेड बिंदास
July 18, 2011 10:30 AM
So my stop loss is 11200 future but his positional buy is valid or negated after closing below 11250 spot??
Now NF has to move below
5560 and bears will party
@Prashant Darao MAt Yaar
PT - u can't give guarantee nifty gapdown 2morow if EOD close is above 5556 & above or below slightly. that situation may be tricky "cat on the wall" position.
Since Morning NF is deteriorating by 5 pts every hour --- Slowly eroding the Technical Picture also for bulls
SAM - that's the fact. check just 5 days of 15 mins.chart. that too showing support @ 5560-75 levels.
@Sujatha
True :) Its a Cat on the wall
@ Raj,
DR has initiated a buy when BN moved above the SAR @ 11250. By the time he made it known here in this blog(though it was already there in his blog), BN may have moved higher.
The filter used to protect such a trade is 50 points from the trigger which is 11250.
Being in a range bound market (Know this when index closes below DHEma but not below DLEma in uptrend and the opposite during downtrend), there are bound to be whipsaws. Manage such whipsaws by booking partial profits, the quantum of which will vary as per the range.
correction: fast rise set up if sustains above 5550
Volatile 30 minutes
Satheeshhhhhhhhhhhh - துடிக்கிறதே நெஞ்சம் தெà®®்à®®ாà®™்கு பாடி but "our target" will come?? or it's just a "grinder bounce" ??:)
rockett move.
may be last attempt.
@Hitendra
May a Trap to take out the weak bears --- if yes
and if not then me out if crossed today's high
@Sujatha,
Poruthar Bhumialwar
@Sujatha I agree with you but I was bias ... but now covered my position so now its ok.
closed abbove hour low ema at 3 pm
Its looks like tomorrow we will go either 5440
or 5650. I feel the last few minutes upmove might
have been used to close short positions in Nifty CE.
Prabha - very true..watching sensex closing abv 18546-560 may be give +ve open tomorow60-70 will not give up easily ...awvvvvvvvvv (:P i don't like this will suit for you only)
SAM - :) am not posting for timepass watch out that no.
Dear Lango sir!
I swear, i am still not clear but after ur 2nd reply i squarred off my Bank Nifty future in 50 points loss immediately. But i am happy because now out of all confusion.
Sir,
I already named DR "tiruvalluvar" -he will give advise in 2 lines only. now thinking of calling him
"puzzle man" :) :) hehe one has to keenly watch his "wordings" otherwise it's difficult. Diplomatic person?? very nice to learn from him
if nifty closes today with +ve note
then may uptrend come tomorrow
Shradha - 89ema protection is a "shortterm" trend as of now whether up or down 5571 is 89 ema i think
Seems like a Trap to show strength in bulls --- by closing above 5560 ---- the trend would change only on closing above 5605 NS now
@ Raj,
Please read about "Trading based on SAR number".
http://tradeinniftyonly.blogspot.com/2008/11/educative-lucrative-sar-stop-and.html
http://tradeinniftyonly.blogspot.com/2010/09/jnsar-stop-and-reverse-trading-method.html
Sujatha,
If 5560 holds for today and moves higher than 5595 - then JNSAR at 5598 for tommorrow. Then we can easily achieve our High target.
On the contrary by closing below todays DLEMA - 5560 then we will easily reach the down target 5514-10 for - as Dlema would be broken, the rising wedge would be broken, the Hourly charts H&S would be broken, and your 15mins chart support would be broken.
Anyway we are likely to reach one of the targets :)HOPEFULLY IF WE STICK ON TO OUR HOMEWORK!!
Can some body throw some light on VIX
Sujatha,
One more point to be noted. Ilango sir has said in his previous post that -ve bias is favourable. So may be we shall reach the lower target easily. As per my HW I have closed my long at 5555 NS taken today morning at 5566. Will wait for 10 more min to initiate a trade. else would look out for oppurtunity tomorrow
CNX IT badly bitten
gold too not able to sustain above $1600
5600 Call is butchered by the Writers today
Dear Sujatha!
Dow future down 70-75 points & Sensex closing level looks below ur level of 18546 so now u r in our camp or still Bullish without levels??
vix ki goli at 20.16
@Richarddiaz
Thanks a Lot :)
Thank you Sir for your analysis
Closed 50% intra shorts.
brijsolution said...
Reliance hold 860 then it will for 890 tgt.
Hindalco sustain above 182 require for upmove
July 18, 2011 10:07 AM
Hindalco 182.95 ,, good move
Reliance holding 860...
Nifty gap @ 5538 ,
Bye ilango sir & frineds,,
Bidding Bye Sir and Warriors .... tomorrow another Day Awaits :)
tODAY must b declared as holiday to market :D
Bye all... :)
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