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...
67 comments:
@Anil,
The chart - http://2.bp.blogspot.com/-gxYMWnVRxdA/TsM7HdOxIQI/AAAAAAAAAig/7zMM4sVa_i4/s1600/EW+NS+hour+9.52+161111.png
Talking about the blue count here, which is subdividing the green c.
Hitendra
Yesterday also you asked same question
today you can buy above 9050Fut
with 50 points SL but this trade will be against
trend.
Positional buy will trigger only a close above
9400 Fut
@ FIRE that link is not working.
reposting
-------------------------
though astrology and numerology may be thousands
of years old and many great rishis have researched it.
but application of astrology to financial markets
is a recent phenomena . may be not researched.
GM Sir & JN Fmly
Open & High of NIFTY & Bank Nifty SPOT are Same
Is there any indication ?
Try this --
http://2.bp.blogspot.com/-gxYMWnVRxdA/TsM7HdOxIQI/AAAAAAAAAig/7zMM4sVa_i4/s1600/EW+NS+hour+9.52+161111.png
@piyush sharda,
Master gave us JNSAR with dedicated analysis and research.I am also happy with it
Satheesh" has labelled this correction differently which shows that "iii" has ended or will end at the open and a "iv" to unfold followed by the final "v"th.
if we suppose that iii has ended at morning lows than what can be probable trgts of iv and v..plz advice
Thanks DR ...
As Euro falls, we seem to fall as well.
kkay369
if Open & High are Same
Old traders use to short market
and still some new traders follow this practice
Many times it still works
but market is not bound by any rule :D
@Fire
Thanks..why i asked it bcoz..momentum indicators is
showing such a possibility of your blue count... i mean
your 'Y'to end here or closer to 5000 level...
Thanks for ur efforts...
Nifty should bounce back
if not
there is a gap
appx @ 4790 to 4890 of 07 Oct
GM Everybody
Thnks Dr Sir
kkay
Dear Prabakar,
Just read your previous comment.
Considering the over sold condition the bounce is very
much due,but still even hrly TT has not come in that
line.Still the hrly pivot,lema are at much higher level,
so if the bounce shall be there,then also it would take some more
time,or it must take some more time is my understanding.
Talk abt being oversold for days. Amazing. 4985 it appears
and that will be 61.8 retrace of 4730-5400.
ORB BROKEN OWNSIDE.
pdd
GD - ofcourse GD sensex may be @ 16570 level may give intra support. A week back i said 5K some laugh at me. If 5011 protects then new high possible or else new low possible within few weeks. Target in "hand" let us see
Dear Mynac,
Thanks for your views. Market given the answer as it is call writing.
115% oi up in 5000 call and 68% oi up in 4900 call.
From 4800 to 5800 calls, the total OI is up by 11.21% and the difference between the call and put OI is huge 49.83 lacs.
Namaste ilango Sir and Friends,
Today's quote received :
Life is like riding a bicycle which
keeps moving only with Balance...!!!
GD - this hour 5009/11 protection will give some upside
@Anil,
Nifty touched exactly the lower boundary @4996. If it bounces from here and doesn't overshoot it, more bad news for bulls.
Stock Market is like Bicycle stand
if one falls all follow :D
@FIRE,
what do you mean by "overshoot" ?
DR - lol.. ha ha not only market - even "analysists' :D all will say the same "downnnnnnn" or else UPPPPPPPPPP
@Sujata,
Call writers are in full swing. no easing up 129.39% oi up in 5000 call.
Sir - 11 am TT updation please
West Indian batting lineup is the only thing falling
faster than nifty.
May be we could see 4954-60 today itself.
Expect 4983 NS may give support for little bounce. if not then, Sujatha only knows.
@gd,
Overshoot means breaking the channel before any bounce.Bouncing from dot on the boundary fives rise to the possibility of some complex structure, denoting more and more weakness, but in a grinding way, giving flickering hope to the bulls all the way to hell. Not to say that it is showing any kind of strength NOW. :)
Praba - NO. let it stop at 4980/85 that's good support as per daily chart. Expecting this protection will lead a big rally?? ulta hogaya tho??? my SL may hit :D :) dishhyummm
Correction - Not "fives" but "gives".
BTW, the channel boundary is broken.
Is anyone having problem with PIB today?
Sujatha, hope 4980 holds :) but this 4900 and 5000 call writers not getting tired. 89.64% & 138.75% oi up respectively
4984 61.8 % Retracement level
PIB working fine for me... maybe problem with your internet connection.
Thanks stokmurga
everything except PIB working fine at my end so thought may be some
problem with PIB.
Sorry, holding the hour channel perfectly till now. The line had shifted before somehow.
Hi..Parminder,
There could be a bounce from here - 4985 being 61.8% retrace of 4728 to 5400 and the low is 4990. Only if it closes above the pivot-5093, it would indicate strength.
Until then hold shorts while part booking at such crucial intervals and reselling on bounces.
Praba - thanks. என்னோட 7à®®் à®…à®±ிவு à®°ொà®®்ப படுத்துது சாà®°்இந்த 5011 க்கு à®®ேலே இஓடி இருந்துன்னா நான் à®°ொà®®்ப பெà®°ிய டாà®°்கெட்டில ஆசையா இருக்கேன் போன தடவை 5000 க்கு வாய்விட்டேன் வந்தாச்சு. அதனால இந்த தடவை கொஞ்சம் அடக்கி வாசிக்கனுà®®் பெà®°ியவங்க à®®ுன்னால.
tata steel may lead the rally
@shivanGupta
Try the holy grail formula.....Restart!
It stops due to bad internet connection, happened with me as well.
Restart the internet then PIB...and then enter short!
NF bottomed ? – NO
Why?
My terminal still offers me a chance to buy at lows.
When can you say it is bottomed?
Low will happen in a blink and never offer anyone to catch bottom. By the time you realise you can go for buy, it would have bounced at least 20 points. It never grinds at bottom or peak when it makes major reversal.
Not a thumb rule but a gut feel!
AJ ru sure?
Now every analyst telling 4700 and 'Sell on Rallies'....
euro bouncing back. Will it help us ?
Master,
I had posted a comment a few minutes back. can't see it now. Did you delete it?
Sujatha, Intha call writers innaikku adanga matengeranga.
from 4800 to 5800 call/put, Call volume up by 95 lacs, call Open interest up by 45 lacs, the price downby -197 rs(-27.07%)
@DR
Don't take the last word seriously! :D
AJ
Thanks
Lolzzzzzzzzzzzzz
@ Fire,
Sometimes comments go directlt to "SPAM" folder. As I do not monitor "Spam folder" all the time, it stays there until noticed.
Praba - ivangala nambave mudiyathu..suddenly they will trap the shorters :P
ilango sir ,
is there a falling wedge seen in 5 min charts if i am right
@Piyush Sharda
"though astrology and numerology may be thousands
of years old and many great rishis have researched it...."
It will work in financial markets when the latest "rishi"(Dinesh Rishi) attests the research report :D
Master ilango, thanks for the confirmation
For any rebound, we need to keep 5013 ( HPivot ) and
try 5054 ( H-5Ema ). Else this is just bears taking
a break.
चल मेरी निफ्टी
http://farm2.static.flickr.com/1130/529742829_6529e8f29f.jpg
Master,
No problem. Thanks. :)
@aj :-)
Ilango sir, i m sitting without any position in this fall.Can i short here??
plz suggest??
New Post Done.
Ilango Sir,
==========
Thank you for your Analysis.I part booked my short @ 5015NF.Where can I resell? Please advise me.
==========
@nanji,
Your gut feeling already cost me 20 nifty pts.
I sold at 5018 hoping for more new lows......
but now I had to buy back at 5038
Post a Comment