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...
95 comments:
@Sujatha Ma'm: last month's winner: Your levels of expiry & reasons please ..
Sir,
Why is slow stoch not falling...
nifty may face difficulty in moving up till it does not correct or some
more substantial fall is pending,below 5141
good morning gurudev and friends!
guys there is a + diversion developing in
the HR chart
Friends today
is expiry and lets have a contest here.
March Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for march
b) No wild guess. A reason is must. Everyboday must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do it After 9.15 today and before today 2.30.
Seniors plz contribute.
My expiry guess is 5230
5235 is 55DEMA just below that
As per above charts e is completed.
addition in O.i in 5000pe is abv 20lakhs..
even tho it made a hi of just Rs 1.50
is it giving any hint??
My closing Price is below 5170 multiple bottom.
Preferable Near 5155 200 DMA
Sir and all
March Expiry Guess Till now
March Expiry Guess
my nifty close is near 5150 that is near 200 sma
5135 is my expiry guess. FII's have been short in derivative segment since last few days & Gap Down today will be utilized fully by them.
thr is one saying that expiry is painful to those
who are already in pains..
its bulls who are in pain at present..
can this expiry close below 5100??
more pain to bulls
ADX,
Was your stoploss 5159 on closing basis?
Thanks,
ajay
4985, reason highest o.i. in 5000 put and beyond all
expectation of to show real panic.
As per open interest data my expiry guess is 5100
3rd of 5th may have completed. Now 4th of 5th may be on.
after that 5th of 5th (final down).
My expiry call would be 5030. Trendline support comes there and all other known supports like 5080 wil be gunned down by machines.
market is waiting for news on GAAR..
@Jignesh
5070 ...
Reason .. The Last confusion point as where to go .."Long or Short"
5090 will be close.
reason - Jan low was 5077.
@JigneshSeth,
Expiry will be at 5085, that was the previous 4th wave low from the run up of the 1000 pt nifty rally,todays low will end the correction
JANUARY STRATEGY
Friends many of you may be aware of this strategy. For those who are new to this:
Starting from 2003 ……… watch 2003 nifty Jan month high. its 1105.60 … now watch data of coming months of 2003 only when nifty closed above Jan month high … if m not wrong then it is may 2003 when nifty closing price was 1106.80 .. Means above Jan 2003 high price.. And pls watch after that nifty never came down below Jan 2003 month high on closing basis till 31st dec 2003. According to strategy it was clear signal for market player to go long after may 2003... For whole 2003 year.
Now just watch 2004 Jan high – it is = 2014.65 never closed above this level in 2004 whole year means clear signal no buy in 2004 .
2005 – Jan month high was 2120.15.. Closed above on monthly basis in June 2005 @ 2220.60...again after that never broke Jan high on monthly closing basis in 2005.. Means go long after June 2005 till dec 2005.
2006 – Jan high 3005.10.. Closed above this level in feb 2006.. After that never broke the same... Clear buy signal.
2007 – Jan high- 4167 … closed above in may month 2007 … never broke after that.. Clear buy.
2008 – Jan high -6357 … never closed above this level in whole 2008... Means no buy... Only sell... Touched 2252 in that year.
2009 – Jan high – 3147.. Closed above in apr 2009.. Never broke after that made high 5221 after that in 2009.. Clear buy.
2010- Jan high – 5310.85 closed above in June 2010.. Hit 6338 after that never broke.. Clear cut buy.
2011- Jan high - 6181.05----- never closed above this in whole 2011. again no buy.
2012—Jan high -- 5217 …. Closed above this next month Feb.2012 at 5385.
Now will it close above or below 5217 tomorrow. i.e. on 30-03-2012. 9 years data in front of you. Watchout tomorrow’s close closely. Interesting days/months/year ahead.
my Expiry above 5200
@stock4sure
plz mention clearly
JN public...
Itna ghaai-ghaai kyun ??
Jignesh has given time till 2:30 pm, araam se apna samay lo,
din ka game dekho, aur phir Banduk chalaoo bhidu... :-D
@jigneshbhai;
expiry around 5205
Fii sold 5200 PUT at around 60-70rs means nifty will not go below 5140 and 1Cr O.I in 5100 Put
On upside it may resist at 5DEma @5205
@india nsebse(hari)
reason?
5120 I like this figure
@jagannathan
no wild guess, plz mention reason
my expiry above 5200
when every Tv analyst give down words target it will go up
Nifty will make new low
and close @5105 for the expiry
@jagannathan..best reason amongst all..:D
@jignesh...he has given the reason..he likes the figure..lol
GM EveryBody,
Dear Jiignesh,Expiry guess 5145… Reason Market unlikely to recover too fast from here as it has broken important support held for some time. But…do not see much downside below 5125 “today” as there is no any concrete reason or much bad cues from global markets today… It would start to act in line with global markets from next week is feeling…Let us see…
lol immortal
jiignesh.
@ Badri,
According to the Monthly close above/ below Jan. Month's high strategy, only one trigger has happened in a year since 2003.
For 2012, the uptrend trigger has been done in Feb.2012 itself. This means, uptrend should continue through the remainder of the year...??
OR 2012 could be an exception if a month close happens below 5217.
5294 NF, the VAL of MArch future is where i expect the nifty to settle eod
NS opened below LL4 & now trading above it... is there any significance?
European markets are going down and after 1pm we may
see the downmove
@DRSIR
missing u
Very intresting March Expiry Guess.....
@gkm223., you should buye NIFTY 5000 PE @ 0.20 may 10000 % profit...
from this sir comment .. now he gives monthly closing above 5217 :)
i m jus saying that he makes sense .. so i agree
Ilangoji. yes. February month it has happened. Now, if nifty closed BELOW 5217 tomorrow, ie, 30-3-2012, the idea is to exit LONGS and buy again on a monthly close above 5217. [This may be useful mainly for investors or mutual-fund buyers and for us, the traders, another interesting thing to keep in mind along with our routine parameters.
@Jiignesh Sir
coz that is my stop loss for my intra long taken at
5142
@ilango sir
no sir, till market is closing above jan.month high it
means it will continue its rally till closing above that,
once market jan.month high it means it will crash, and
continue its downmove till close is below jan.month high
When PT Sir is present, DR Sir is missing and sometimes vice versa.
ORB ON UP SIDE
@Ilango sir, could the feb high be bcoz of march budget.
Also, Ilangoji, tomorrow is monthly close, weekly close and quarterly close. So fund buying MAY happen and who knows, they may take it above 5217. This makes 5217 more interesting number again.
expiry @5230
Day EMA & above Jan High
to keep hope alive
at last , Nifty Future make new high 5162 to 5164, and agian break and make new high 5164-5165.....I think its new record for NIFTY trading range first two hours on expiry day...
@Prabhakar Ji,
Please dont call me sir ... Mein bahut chota hun in experince compared to the seniors
My Guess
Expiry at 5171
Since we are very near the Major Level in last
2-3 years multiple time Resistance/Support.
This will result in guessing the next direction
for next month.
regards
@POWERTRADE: I am backest bencher. That's why I called you . Anywhow I will address without Sir in future.
may 2009 election, nifty upward sarkit, and then
all mkts go up. 1st nifty moved.
now 1st nifty showing weakness, then global mkts
will start to show weakness..??
thanx Master & badari sir for providing such adata
sabsaif ji,
time and market happening are true, baki sab apni
apni strategy.
Illango jee..I think 2012 will be an exceptional year ...we should go as high as 5900 in April end or may 1st week....then we should see 5000 in JUNE
orb broken on the upside
Day gap almost filled, yesterday low 5169.8
sir, I am stuck in tatasteel , bought ts fut @ 457.70 yesterday, what should be the tgt and sl, please help , thanks in advance
@Chetas, Sensex has actually filled the gap at the opening itself. yesterday's low 17040. today's open 17039.8 and high 17045.7. This is because today nifty opening at minus 49 points where as sensex at 80 odd points when it normally would be around 140 points
hangseng , china's sanghai index - where they are now
from their all time highs. kya india china aur
hongkong se bhi aagey hai.?
looking at the global index
HANG SENG - HONG KONG 20542.56 -342.86 -1.67 %
SHANGHAI COMPOSITE - CHINA 2252.76 -32.12 -1.43 %
NIKKEI 225 - JAPAN 10095.35 -87.22 -0.86 %
STRAITS TIMES - SINGAPORE 3002.20 -13.78 -0.46 %
KOSPI - SOUTH KOREA 2014.45 -17.29 -0.86 %
TAIWAN WEIGHTED - TAIWAN 7872.66 -165.41 -2.10 %
scares me
MAR 2012 EXPIRY @5155 THE DAY'S WEIGHTED AVG @ 11:25
I DON'T THINK EITHER THE BULLS OR THE BEARS HAVE LEFT
ANY MORE STEAM IN THEM.
THIS EXPIRY IS GOING TO BE A NON-EVENT
Unless the Criplled UPA takes Bold Decisions ....
India is a Case of Junk ...
Downgrades any time
Hello Master & Blogmates
Do any one have history of BONUS & Split history
of Reliance Industry from 1990,, One of my friend have
500 QTY bought in 1993 ,
so Help me if someone have this history data ??????
OR How much qty he should have Now ?????
I think gap is not calculated with pre day's high
or low , it must pre day's closing.......
updates on the 34-21 system:
short trade is over @ 11:15AM, price closed > 21EMA, 5mins
34EMA, 30mins @ 5203 will provide the next trigger
SANDEEP,
NOW HIS QTY.1000
@sir and all
March Expiry Till Now
@gkm223 Yes I agree....
As per all March Expiry Guess...the best Option strategy would be...write down both 5100 PE and 5200 CE...High risk Trade
@sandeep
you will get the information on rediff money
Normally, A Fall and then a consolidation at lower levels, helps RSI to recover from Intraday Oversold region and makes the Index eligible to break the low and go further down.
today if nifty touch the 5194.75 then there is no
gap left, other wise gap left if do not made high
of 5194.75 or abv.
@all
if anyone's guess missing in sheet please inform me
or after writing here u can update in sheet ur self
17 lac O.I.added in Apr Nf since morning when Nifty precariously tries to conquer previous low…Don’t see much upside beyond 5175 today… as Day Tech table data yet does not look that much positive. Cash High volume @ 5142 would prove it’s importance in the latter trading Hrs today is one guess…Sellers would try to press it down below that and Bulls vice versa.
@mynac
thank u
@gkm223, that is one type of gap. but, in daycharts, if you see, there should be a clear gap between 2 day candles to be eligible for a clear day gap. prevclose to nextday high gap may not be immediately visible in daycharts, eventhough that also may get filled subsequently.
germany should open minimum 1% lower.
@PRITHVI
@sushil
Thanks
@Ilango
Has the ending diagonal from 5386 made a bottom at5139..
the morning's low ?.....if so, is the next leg up
ready to commence?
@gkm223,
dont follow global clue i use to do it
It is of no use
slow stoch falling now
@nakshatra
r u there?
gud morning sir and blog masters.
As per the strategy posted by Badri... to be in a downtrend
monthly close should be below Jan Low...
Rupee misbehaving at 51+
I thing Nifty is waiting for a signal
from ........ you guys know who?
My entry for closing is 5145.
reason: Since its ending of b-wave a doji should form.
New Post Done.
today will touch 5240?
My guess is 5194.
(It will close near 21 EMA)
I am looking for some idea and stumble upon your posting decide to wish you Thanks.
Regards
nifty tips
hii,thanks for sharing.
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