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...
51 comments:
can anyone elaborate on correlation between
Daily Volatility with VIX ?
4787 ns at triagle line
Dear Sir,
Sir i think For B wave triangle is forming in nifty
hourly chart as seen in nifty 5 mnts chart
Regards
Nirav
Market falling in a hurry now ...
Break of 4785, next support 4745. Failure would be quite bearish.
guess 2:30 factor may playout in favour of bulls
Sir
Which trend line is valid out of these
on 7/12/2011 5099.05 to 4839.55 on 14/12/2011 today.
4839.55 to 4819.20 both levels today.
Thanks and regards
Jeetendra,
VIX, a volatility figure (%) is based on index option prices and indicates the expected index volatility over the next 30 calendar days.
Hope this helps...
4755-65 cluster supporting...?
@Ilango
Hopefully, a matter of time before that breaks as well?
@ Aijaz,
Thanx...but is there any established correlation
between Daily Volatility of Nifty with VIX ?
Sir - Hawa, hawaiiiiiii - hawala support too ???
sir ji,
please if you could highlight
more on cluster/s:supp & res
thanks
hawala 4756 ns.
surprise "upside" closing???? any bet
80% retra from 4840/4729 is @ 4751.
Jeetendra,
I did a correlation analysis last month;
there is a -0.77 correlation (inverse) between VIX and
Nifty
4100 is target
@Sujatha Ma'm: Need any help from me for a surprise upside ..? :)
Sir
forgot to mention time,so reposting.
On hourly timeframe, which of the trend line
is valid.
On 7/12/2011 5099.05 to 4839.55 on 14/12/2011
Today from 4839.55 to 4819.20.
all highs on candle chart.
Thanks and regards
@Prabhat - OK. Start "crying" to Lord... still 1/2 hr left :)
A diamond pattern breakdown in 5min NF chart along with a fast fall set up!!!
Not today sis :)
closing may be just around 4750-51 to save the day for bulls.
But tomorrow will be bears day fully.
huge addition of 9laks+ in 4300pe
@ Rajan Malhotra,
I have drawn a trendline based on my observations.
The important principle is the trendline which resists or supports prices on more number of times is a valid one. Break of such a trendline is more reliable for break-out or break down.
Below 4756
triangle trgts may be 4717
@stock4sure,
4320 about is first target but final target is 4100.
Please God... do something .. make nifty close above 4775..
Please .. please .. please ....
crying...
Nifty Four hour chart: CLICK HERE
3.00PM Close reverses the ST trend again and a "iii"rd wave down possibility opens up.
4745 holding presently and a gap up tomorrow, if happens, "carnage" gets averted.
If not, brace yourself for the "deep cut".
@Ilango
Given your comments above, shall we continue to hold
positional shorts???......would appreciate your view
Cool - am cool.. Will Nifty future may give "surprise visit" to yesterday's position??? any idea from anybody??
December 14, 2011 11:12 AM
Thankyou Sir
Sis yes i remember that post of yours and was praying for it.
@Sujatha Ma'm: Not working.
5min NF daimond pattern with a fast fall set up:
Click Here
sir
nikkie make h&s and trading blw nck line show probability of down is much more possiblity as nifty is also in H&S neck line
sir plz make me cnfrm as i m wrong
any trgt of this brkdwn satheeshji
@ Indus,
Unless an EOD Close TA reverses with a close above "Low emas", downtrend is intact.
Once it closes above Low ema, a pause comes into play.
In the meanwhile, we play the "intraday game" using supports and resistances.
It is the high risk traders who attempt longs "just because the recent low has not been broken".
I would prefer to let go off such an aggressive trade and stay with the trend.
@ Stock4sure,,
initial target - height of the diamond. refer link,
http://thepatternsite.com/diamondt.html
Very well done satheesh.
i guess this downmove may be a trap to take sl of longs
and then a sharp upmove may come on advance tax news and
rbi credit policy,as i guess markets do not behave as
per general consensus which is bearish now
@Ilango
Many thanks
@Satheesh
God Bless You
4751 is 80% retrace lvl hold for today.
Doji will form on EOD basis??
Probably Nifty is fasting today for Sankashti Chaturthi.
4728 will be the S1 for tmrw.
4694/4638 are s2/s3.
Thanks jiggs.
@ Indus,
the percentage for meeting the downward targets is only 63% as per pattern site. - Lets hope for the best!!!
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