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...
66 comments:
@ Satheesh,
Critic's view: Trade this market. Besides they are busy with personal works. Lucky them.
@ Satheesh,
1st July's Level is crucial.
@Nifty
Market is Dynamic ... Yesterday The SL Was 5565 ... So with today's opening we had to see that does NF go below 5565 ... In the opening session after some whip saws NF managed to hold 5565 -- Above 5565 --- 5605 was the obvious target and posted tooo . Above 5605 i didn't expected but it moved but the move is laborious so i shorted near 5615 level with SL of 5625 it got hit -- Again above 5625 very dull move -- So i have shorted again near 5625-5630 level with last SL for 5645.
Note that i will not trigger SL now .. Would see on Monday only.
NIFTY 5 Minutes chart in an ascending channel: CLICK HERE
-ve div already there on 15 mins charts . is it correct
Wow Nifty Future again trading above 5600 (or say 5640) firmly, since last 6 days out of 8 nifty future gone below 5600, so now its final , or it will go again below 5600, big ?
DR - 322/358/364/ on the cards but need cooldown. may be 1st one is the choice am safe side @ mera 265 :)
@Sujatha
Mera Number Kab ayega :) :)
15 pts premium now only 8 pts
"5625" is an aggressive intraday weakness trigger; followed by "5610".
Good time to short BN?
@Sujatha
If 5581 then no part booking -- full Booking Monday New Trade .. No tension on weekend :) :)
Thanks sir. I shall watch out those levels!
The trading range of the whole month is just 240 points!! what a month like apr!!
let 5580 come then first PT
Sujatha said...
DR - 322/358/364/ on the cards
I want than on screen, Immediately
time is less recovery is more
but at the moment MASTERS 5625 holding
Todays high till now is hawala rate 5648...Prashant shah u r gr8.
5621 is the day high ema and I think no short above
this level. Earlier when we were here, we were well
below day high ema. Mkt is trending above day high ema
@DR,
All the talk about bloodbath and Truckload
of puts are essentially gone now. But this
"Life ka jackpot" is still on.
http://twitter.com/#!/anirudhsethi71
anirudhsethi71 Anirudh Sethi
ALERT :RAJ KA RAJ...PRAJ JAI HO !Look MRPL...This is trailor.Hold to EKC...TARGET 100-105+.Hold to DCHL..Big Big new coming..Life ka jackpot
Dinesh Rishi said...
See now life is peaceful
no msgs like
"Blood Bath" truck Load of "Puts"
July 22, 2011 12:25 PM
I should have said,
But this "trailor" and "Life ka jackpot"
is still on.
@Nifty
Anirudh -- hahahahahahah -- :) An insider ... He behaves like God --- Not To follow Him ---
A sustained Move Below 5620 would invite 5577 Again
I just post inntraday Nifty Future chart.
Nifty just now break support line after 3 hrs trading
Have a look
There it goes ..... Bring home the Malts Again
YES, PT SIR
A Fast Fall Setup in the making :)
DR-ji - still a "feeling" that sudden fall not ruled out :P hence safe side
PT - God --- Not To follow Him --- Don't read also :P
I am better hehe - By the way wat is TA?? simple- Which one suits for your personality and ability watever simple method it is and if u r earning consistently then that's TA it's not must u hv 2 track OI, chart etc., details. Senior's objection/critics most welcome.
Piyush - :) :)
@Nilesh
Plz dont call me Sir ... Just PT or Nimesh
@Sujatha
:) Atleast i Got some bucks for the Weekened Bonaza :) :) :)
PT, dont you think trading along the days larger direction better than looking for small contra moves ?
Just an observation..
PT in FF price and all emas have to be below 200 EMA
@Nifty Trader,
True .... What is the Larger Trend ??? Is it Clear ??? or its a Trading Market ???
@Sandy
Got it Thanks :)
"5574" tussle was lost in the first hour itself.
Now it is for "5622-DHEma".
u r right suja,
whatever gives money shud be followed.
name doesnt matter. if it catches mice it doesnt matter
whether the color of cat is brown,black,white(ta,fa,etc)
DR- mm. not bitttt ..toooooo serious :P thinking of "prepone" my leave :) as i got some work by next week itself. :D So my "experience speaking"
2 things to be learnt
1)to be happy for no reason
2) to be always busy doing something
Never lose a child inside u
@Kumar Sir
http://www.luxuo.com/wp-content/uploads/2009/05/glenmorangie-467x351.jpg
@Sujatha
What a Great Quote "Be Happy for No Reason"
My weekends Mantra :)
PT, your point also right....there is no trend if we go to higher tf than 15-60 min
nifty weekly closing below all weekly jnsr's, ema except lema.
what should be the strategy for next week.
regards
Never lose a child inside u
since last 20 years I am 19 only (teenager)
Hurrey Piyush - like "one day PM" i am with "One vote" expecting Sir's and DRs valuable views. donno whether u r accepting this really or convincing me as i am alone "non-TA" here :) but for me "this is the fact and reality"
Sujatha, a great experience by you that takes a whole life for so many. God bless you! :)
DR - y i mentioned "Never lose a child inside u" - both the qualities are with child. May be that's y i am behaving like "joker"?? :) it's good to know that u r still 19 please maintain that after 20 years also.
closing here will take out the venom of "bearish engulfing" shorters be careful
Also looks like Nifty close above 10 sma which is quite
bullish.
suja serious, by god.
@ SAN sir,
Nifty broken the channel and again come in channel.
Sis
Mera wala 313 :D
Suja that was a very nice one!!
DR - 322 done full safe .enough i never imagined that i will do "BN" :P nifty's experience gave a big hand but still want to fine tune . thanks a lot
Today morning, after break out, Nifty future trading above 5620
Its come down from 5647 to 5622 and bounce back, make new high 5651.75
Great !!
Looks like a false breakdown from the channel Adding strength to the bulls : CLICK HERE
"In case of an emergency, speak only in English"
Never say prayers in any other language!
U never know what kind of translation problem u can run into:)
An Indian in the US suffered a heart attack on the road and was picked up by an ambulance. Being religious, he kept repeating- HariOm,
HariOm, HariOm.
When the ambulance pulled into his home, his wife came out and screamed to the paramedics: 'Why didn't you take him straight to the
hospital?'
They replied "Because he kept saying,
'Hurry home Hurry home Hurry home!'
Dear PT!
Thanx for mouthwatering offers:)
A Century :) :)
@Kumar Technicals,
Nice
Weekly continues to be in buy mode but the "Sell on rise" remains.
Daily upward momentum is back.
Hourly too in upward momentum but the TA is at "OB" range.(Just as it did in OS at close)
sir then sud we do partial booking of JNSAR?
Turnover F&O - 1,50,000 cr
cash - 11,500 cr
good one, contribution of rollover also...
Good Bye Sir and Warriors
A Great Weekend Awaits All :)
@Kumar Technicals,
Bought 5700 PE @Rs.73/- SL Rs.50/- This month also I want to earn some points like previous month
Bye Sir and all
Bye all
Bye All
Dear Prabhakar!
I booked this put in 60-70% profit yesterday & bought august gradually, updated last night on my blog & told in morng here that my blog is updated.
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