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...
86 comments:
Reposting
Inflation data came or not?
@blogmates
Inflation data expected to be below 9%....showing first
signs of easing....due at 11.30 am
@ Sam,
Inflation data will come by 11 am.
Thanks Nilesh.
@Ilango
NS is now above DLEMA....in a downtrending market...can
we assume a trading range upto day high ema????
Fast fall set up in BankNIFTY FUTURES invalid above 8680-90 BNF
Hi All, I am kind of new to this site and new to market as well.
Can you please guide me on how to use the excel / data interpreted in this blog.
fast fall setup..in nifty 5 min charts
@indus
once it closes above day lema then..
Reposting
@ Jigs
Yes I want it for Metastock. Pls help me out also if you know
from where to get INR/USD historical data pls tell me that also.
thanks
@ Keerti n Deepa
on the right hand corner... u will find posts marked ALWAYS START TRADING WITH THESE...go there n click to see the details
@ DR sir,
Where r U? We miss you.
Good Morning Sir and all gems of JN
your today's premarket view comment is the SAR of of the
trading business.
regards!
Good morning Ilango Sir and all blog mates
piyush, Satheesh which ma or ema u take for fast fall
setup in 5 mins
Namaste Ilango Sir and JN Family.
GM Master & all friends & seniors.
@Keerthi + Deepa: There is a compressed version of
stock mkt encyclopedia on the top right corner of this site which depicts the entire experience &
wisedom of Master. Use that to your fullest advantage.
ramash
here
http://nsetracker.blogspot.com/
also given on right side of blog
piyush thanks for the link. i asked which ma or ema u
consider to look for fast fall or rise
i look at this only.
@ ramash,
I use a combination of 20,50,70,100and 200 SMA for fast fal and rise set ups.
piyush thanks now i get u
For EW folks -
What is the action from yesterday ? In smaller TFs,
this appears a 3-3-3 has completed.
thank you satheesh
Falling wedge Hour chart update. exactly at channel high with the current high of 4828.
YESTERDAY’S CHART
Click Here
TODAY’S CHART
Click Here
@Nnumber game
Sorry for late replay but i don't have idea comex's data for meta. For INR-USD go to nseindia. But no idea about historical data for meta for both
@satheesh: Thank you
Looks like mkt is waiting for inflation nos. Hoping that it is on the reducing path. Else mkts might tank. If the nos are good, then we may test 4850 as 1st resistance & later 4900.
Prabhakar,
I have noted your ID. please delete it. I shall post the fast fall set up of bank Nifty occured on dec 12 along with breakdown of trend line - which gave a fall almost upto 350 points in JN group mail along with yesterday's fast fall.
@ Jigs
do u know same data for AMI?
thanks
Its fascinating to see the LEMAs now. MLEMA/WLEMA/DLEMA all @4798-4801. Nifty firmly above that zone. Also above HHEMA/D-Pivot/VAH/200 min. MA/50% RT/Developing W-Pivot. Now awaits 4838-4848 cluster.
@Ilango
All the low and high emas in the higher T/F of day,
week and month are lined up in perfect sequence...what
does this signify????
@Satheesh,
Got anything on weight-gain? I just loved your before & after images. LOL....
BTW, still waiting for the projection. Long long long wait...
Good morning Master and copy to All
@Fire
What is your view at this stage??
@ Indus,
Low emas aren't in alignment which would mean that holding above the recent lows, some attempt to make a higher high is possible having made a higher low @ 4729.
nifty is mantained now with help of reliance,
in morning ril was kept away
@Indus,
Just given by the highest authority.
@Ilango......thank you
As long as 4800 is sustained, Fast rises are possible.
This is Bejan Daruwala....:)
Strictly Ignore if u are following JNSAR trades
Don't take your eyes off the computer screen today, says Ganesha. And, if you lose concentration and miss your chances, be ready to face the consequences. The day may spin some not-so-pleasant surprises at you, feels Ganesha.
The first phase of the period between 9:15 to 12:45 is likely to have an upward trend. However during the second half, Nifty may take up a downward trend. Keep this in mind, and take your decisions accordingly.
From 12:45 to 13:45, there may be buying in the A-Group shares.
Nifty may have a negative effect of Mid Cap and Small Cap during 13:45 to 14:20.
First time since 8th nov when nifty hourly bar closing
below daily pivots, now todays 1o am bar onwards we are holding pivot strength, lets see how it reacts...
todays pivot 4785, all hourly closings till now today is above pivot...
@Ilango Sir if holding long position what would be area
of part profit booking?
GM sir and all :)
Will Nifty future may give "surprise visit" to yesterday's position??? any idea from anybody??
@Sujatha
Define "yesterday's position"
4840 and 4880 are the resistances for this ST upmove...
At this point of trading above 4838-4840 target 4880-4910 and below 4803-4798 again 4738 -4740 Is it right ???
nifty pausing for inflation nos.
toofan ke pehle ki shanti hai kya??
@fire
what is its significance of 4800
if ns sustains abv 4805 55mema may cross over
200ma in 5 min charts..
will this trigger a fast rise setup??
Cleared 0.8, 0.736, 0.618 retracements of the rise
from 4639 to 5099 at 4731, 4760, and 4815 respectively.
Watch out for 4869 which is the 50% retracement. Else,
may come back again...
@ Sam,
4846 being golden ratio and 4870-75 being 34Hr sma are the likely part profit booking points.
Tsl may be a close below HrJNSAR or HEma.
@PS,
4800 is approx. all the LEMAs except hour and also 200 min. SMA/EMA.
For Rajni fans - just came across this elsewhere
The world will not end in 2012 because rajinikanth
has just bought a laptop with 3 years warranty !!!
5099-4729, fibo retracements are
4817.08,4870.96,4914.50,4958.04,5011.92. So 4870 is
38% retracement which is common.
4700PE OI is the highest.
4800PE is 59Lakhs compared to 4800CE of 41Lakhs.
4900CE is higher by 8Lakhs comapared to 4900PE which should change to tilt it in favour of Bulls more.
Presently 4800 is the ST support.
Thanks Ilango Sir.
Good Morning Ilango Sir and All Senior Blogmates.
Dear Dinesh Sir,
I am happy to see u here.
I am missing ur comment many time .
Plz send what u like.
2nd highest volume in NF came at todays high 4848
has inflation number come out
@Ilango
Could we then look at 34 hr sma or thereabouts, as
a possible area to re-enter shorts??
I am REALLY frustrated now with this immortal bond between my comments and Spam.
PS, I am sorry. My reply to you has passed away.
BTW, 4870 is also Weekly 5-SMA.
(Don't know the destination of this comment).
Dear Sam Sir
What is your observation about Highest volume at the level
in up/down trebd market.
plz answer if possible.
Fire sir,
What is BTW in your msg.
Fire - hah ha ha :) blog's folder "attracted by MOST INTELLIGENT GENIOUS PEOPLE's comments"??? :D :)
GRP-ji GM .. pls. check mail
Good morning Sir and friends
You write about to look for weakning strength
and strengthning weakness.how it can be gauged.
Inflation at 9.11% vs. consensus poll of 8.93%
interesting fall.News ?
aha .. "kolaveri" hai kya??? upto yesterday's position :P
Below 4800
why this sudden selloff in BN - dragging NS down ...
guess days low of 4777 may be retseted
4840 resisted as expected....atleast till this point...
@fire
try one crude method that comes to my mind.
make a word file for each day (can delete eod)
type comments on that first. if it goes to spam
repost it.
Pls confirm. INflation nos @9.11
yes .. inflation at 9.11 and previous month revised to 10
Yes Prabhat, 9.11%; so, there may be no CRR cut on Friday
Welcome back
DRSIR
Hope you are absolutly fine now.
@Nnumber game
sorry but i don't know.
@PS,
Sounds good. On the other hand, I changed my name. No more FIRE. Lets see if that has any effect.
@Satheesh,
I really hope you didn't mind my kidding.
- Erstwhile FIRE
New Post Done.
@fire/rb
very drastic step..... :-)
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