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...
46 comments:
Namaste Ilango Sir and JN Family
Sir and Mynac, i was also away from market yesterday so not able to provide the OI values.
Good morning all blogmates. Have a rocking day
are JNSAR and SAR are same?
can someone explain?
Good Morning Sir & Friends
GM Master & to all my friends & seniors.
Good Morning and Thank you Master and Seniors for all the inputs and guidance.
Namaste Master Ilango and all friends
May the Supreme Lord bestow bliss to this blog!
have a nice trading day
asia in red. a gap down in the opening is possible.
nifty could not breach 5132 resistance in last two trading days
@Sam: For novice traders like me, the trading pattern is
resistence of 61.8% (5108 spot - which is not yet achieved)
and support of 50% (5018).
Can we summarise as:
1. If nifty sustains 5018 (spot), go long with 5000/4990 as SL &
yest's high as tgt.
2. If nifty breaks 5018 (spot), then go short with yest's
close as SL with a tgt of 4950.?
Master is my understanding correct?
Namaste Ilango sir and all,
NS hour chart update:
Click Here
morning to master and blogmates,
it is very difficult for bulls to lift nifty and once
they loose grip it comes down due to gravity and the
gravitational force is more than 9.8 which is normal
today to few horses more needed to pull nifty and closing may be same like yesterday.
@satheesh. good chart.if possible up date at convenience thnx.
Day chart update. NS @ 5099 resisted at trendline joining the recent Highs
Click Here
rohit msg on 7/12 @ 11.23 am.
The Sensex has retraced 61.8%, today and as the attached chart shows it appears to be completing
a wedge in wave y with multiple divergences in momentum indicators. So chances are high that the
pull back rally is complete. A move to the next retracement at 5230 is hard to forecast and will remain
an open debate till the downward trend firmly takes hold but the probability should be extremely low of
going any higher from here at the index level.
@mahekovoor GO through following link for JNSAR details
http://tradeinniftyonly.blogspot.com/2011/11/nifty-premarket-view_30.html
Namaste Ilango Guruji, Good Morning to you & to all blogmates....
Thanks Durga
@Satheesh
Thank you Sister for the analysis with good clarity. This will certainly help blog mates to fine tune their Trade Plan.
We could see intra-day declines today and it appears that the best part of the gain in this rally is behind us
Good Morning Sir ve a nice trading day.
Thanks
gm all. I cannot get Nifty quotes in google finance.
Any alternate site ?
Thanks
Good Morning Sir & Friends,
I'm not able to open Nifty RT Chart in google finance. Is there anyone facing same problem? Needyour help in this regard..
Thanx and regards,
sreyO
Good Morning JNfamily.
Thanks jayaraman
Help !
Where is nifty ? Has google decided that nifty
isn't worth having. I can only view Senxes.
GD, use yahoo....
http://in.finance.yahoo.com/q?s=^NSEI%2C+&ql=1
Good Morning ilango and everybody
sreyO Nifty is not working .....
On every trading day around 3 pm between 2004 and 2007
a gentleman in typical southern attire of dhoti kurta
and a shawl on his shoulders made reassuring comments
to small and big investors in the stock market on
television.
He was the messiah of Indian stock markets and a darling
of traders investors brokers.
In part one could attribute the 2004-2008 bull run to
his far sighted vision. Of course, his motives are a
different issue altogether.
Today, he stands at the crossroads of his illustrious
career.
Of course the law of karma works without favor or disfavor
for all humans irrespective of his position power fame
wealth and intellectual acumen.
One would definitely feel sorry for him if he recieves
a negative judgement. Because he truly changed the
scene of Indian Markets when he was the Fin minister.
Keep today's high court proceedings in mind while
trading.
Good luck and wishing all the best for one of our
most efficient and performing Ministers.
@Sam,
Yes, they may have change the symbol for NIFTY.
http://www.google.com/finance?q=NSE%3AS%26PCNXNIFTY
I think symbol not changed but some problem from Google side.
Those who follow google chart can follow http://www.bazaartrend.com/nsecharts/intraday_free.php?cat=NSE&subcat=NIFTY&B1=Go
nifty making new high also vix is making new high
vix open low is same
MAY I KNOW ORB UP TO 9.30 TODAY?
THANKS IN ADVANCE.
TODAY'S PIVOT IS 5065 & S1 IS 5030.
@Hitendra
It is 5027.60 - 5044.95
@ Hitendra,
9:20:00 AM 5037.4 5044.6 5030.2 5032.5
9:25:00 AM 5032.5 5041.1 5027.75 5040.6
9:30:00 AM 5040.6 5040.3 5032.45 5039.25
9:35:00 AM 5039.25 5048.9 5037.8 5047.95
9:40:00 AM 5047.95 5048.9 5044.05 5047.3
9:45:00 AM 5047.3 5048 5038.75 5040.25
NS made a low of 5027. Week 5EMA is 5015, Daily HEma is
5026, S1 is 5030. Can we conclude that reasonable
support in 5015-5030 band for NS.
Just an observation. Pl correct if i am wrong.
Pyramid all those nos on the TT table are signposts. They
give hints to nifty rhythm. Good observation. Thks.
Namaste Ilango Sir And All.
Bank Nifty below the Day Hema (9120)
New Post Done.
i guessnifty is a buy near 5020ns levels
with sl below 5005
NS below day high ema as well
9-hr. RSI breaking trendline support. A 9-legged rally finished at 5099?
ORB & S1 broken on downside.
S2 IS @ 4998.
I am unable to see googlenifty charts.
do anyone has same problem?
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