Strength only above 5555 or on a close above DLEma & 5590 becomes a major resistance. Make your plans accordingly.
Thursday, July 28, 2011
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...
55 comments:
GOOD MORNING SIR & SENIORS
good morning,sir & friends.
Namaste Ilango Sir and JN Family
Good Morning Ilango Sir and Friends
Nifty Analysis : CLICK HERE
Good Morning Sir and Warriors
A Gap down below 5532 probably thus the resistance at 5532 and staying below 5497 - 5489
may target 5464 - 5410 - 5380 too.
Above 5497 Chances are there that we may scale 5577 also as expiry jitters.
Good Morning Sir and Friends....
http://www.cartoonstock.com/newscartoons/cartoonists/lfo/lowres/lfon1l.jpg
Namaste Ilango sir and all,
Development of a Bullish bat pattern within the Bearish Butterfly Pattern in Day Charts:
http://4.bp.blogspot.com/-4IfneDmAiWg/TjDX_WFow5I/AAAAAAAAAPo/tiL2m06SQIM/s1600/Bearish+and+Bullish+patterns+in+Day+july+28.bmp
@satheesh
Good study..keep it up..it required an smart eye to find those patterns...
Namaste Ilango sir and friends.
LV
@Sateesh
Me of the Same opinion that if 5410 holds then we may scale new high till November
@Dr.Kumar;
This is to express you my gratitude for the presription you provided which helped my daughter at the most crucial time.She has succeeded in securing admission in MBBS that too in a govt.medical college.THANKS A LOT.
Very GoodMorning to you Sir.
@Sujatha not into day to day market currently as u can understand busy with different priorities but will b active once they get over.
Very Very gud morning llango sir and all frnds
@Bhavan Ji
Congrats to the Proud Father
If D of the bullish pattern gets supported at the 5508 -50 DMA levels, and moves past 5702, then the C of the Bearish pattern would be fixed at the current levels of 5497. When the D moves below 5497, then the lowest would be the C for the Bearish pattern.
Buy 1000 5500 puts and 4 Lots of 5500 Calls --- If 5410 Comes then Fortune and if 5570 the capital gets protected
bhavan sir
congrats be a proud father
Thanks Anil and PT
Master ILANGO Good morning
Namaste Ilango sir and all
PT - 1000 5500 puts?
Namaste Ilango sir and JN friends.
Hitendra,
It means 20 LOTS
5465 the Next Halt For Nifty
@Hitendra
Mahesh got right 20 Lots :)
@ Bhavan,
Many congratulations on your daughter getting into MBBS.
Best wishes.
= = = = = = =
VIX range for the day is 5495 to 5595.
= = = = = = =
JNSAR on weekly also triggered.. along with the -20 pts net. Is this a confirmation of going short once again or should part booking on the existing shorts be done at this point?
Namaste ilango sir and friends,
Today's quote received :
SUCCESS Does Not Require EXTRAORDINARY Ability ;
But It Comes From Ordinary Abilities Applied With EXTRAORDINARY Vision...only !!!!
Ilango Sir good morning and thanks a lot for getting us into discipline.
Many people must have had problem of carrying losses in hope of recovering and squaring off profit early bcoz of fear of loosing out whatever achieved.
Discipline and part booking/ reentry has helped a lot in being good trader to earn slowly and steadly insteadily.
Again going in backstage........:))
Staying Below 5497 - 5489 --- 5500 Put writers may get butchered :)
@ Buzz,
Below 5490, 5470-5450 is possible.
First major weakness would be below 5445 initially & then 5410.
Intraday strength above 5530 intially & then above 5555.
"Part booking" may be decided now if it does not break 5490.
Msg rcvd from master:
Emotion is the most precious gift which god has given human beings
but it becomes the most dangerous gift if v don't know
how to handle it...gud mrning
congratulations bhavan,
@prachi
i can look into it if u send. i have not recd jn
googlegroup mail for last 5 days. so there might
be some problem with my id vis a vis google group.
in the meantime u can mail me at
piyush_sharda,rediffmail
@Sir;
Thankyou so much
and @PT&Ganya Thanks to u also but this is a proud mother
Good morning Ilango Sir and all
Gm Illango sir & all.
Sir maximum pain should be towards on long side for this
Expiry?
As per previous expreince!
U better sugest
Sir what is the %chance (By your exp) that it trades
outside the VIX range. Also 5500 CE added 12 Lakhs
looks diffiult for upside. Looking at yesterday FII
& DII figures, I think we will close near abt 5500.
Gm Sir and all friends: those looking for safe: buy 5600 call and put equal qty: profit above 5540 since total cost is 40. alternatively to increase profit: increase calls above 5520 and increase puts below 5490.
Pls correct me if wrong.
Good morning Sir and friends.
Bhavan, congratulations and best wishes to you, your daughter.
Dear Bhavan!
Thanx for ur kind words & congratulations to you & your daughter too for this great achievement. May God give huge success to her in coming life. These kind of feedback about homeopathic medicines give me greater relief & i am thankful to God for giving me this ability to serve good people like you.
Dear Kumar K,
I replied ur query at my blog regarding buying of Nifty.
Bhavan. Congrats
Bhavan ji,
Congrats on the admission of ur daughter
@ Ashutosh,
It has traded outside the range sometimes. It is just another guiding numbers. Hence, I suggested below 5490, the next place is @ 5450-5470.
Let us also get some OI inputs from 10.00AM.
@Bhavan: congratulations bhavan.
Quote of the Day
U cant hug urself
u cant cry on ur own shoulder..
life is all abt living for one another
so live with those who luv u the most.
Like Jn family
GM
Namaste Ilango Sir & Blogmates,
OI Update at 10:00 AM for July and August
Thanks & Regards,
Sanjay Kr Jaiswal
Booked out of all my BNF shorts @10915. Having
lost almost 500 BNF pts in the last 10 Trading
days because of consistent whipsaws, I have opted
to lock in my 350 pt gains. Still down for the
month though.
Now just carrying 1 lot of mini-nifty Long which
I would easily settle for a quick 40-50 pt gain.
Next what? If the pattern is consistent with the
Nifty doing the exact opposite of what I do, then
I am now expecting the Nifty to leave the station
with a waterfall decline to 4600 and maybe even
lower in the next few weeks.
New Post Done.
A weak Upmove not able to scale 5502 --- 5464 - 5410 awaits
ORB breaks Downside :)
Congrats Bhavan!!
Dear Innocent back benchers !!!,
You can't sail in two boats at a time.
Follow a single system and no need to go to paid services.
Here we can learn and earn under Master shade and some experts of JN family
Dear Mr Kumar,
Thank you for your prompt reply and guidance.
Thank you SIR
Regards,
Kumar K
New Post Done.
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