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 ... -
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
47 comments:
Rajan Malhotra said...
Good morning Sir and friends
As you say that you will consider it
corrective till the trend of month turns down.
So will it turn down on the break of 5mema
i.e.5205 or of last month 5154
Thanks a lot in advance.
@POWERTRADE said...
@Dare
I am heavily lodaded in 260 puts of TATA MOTORS
looks like i have to remove tata motors form my trading
Diary
March 5, 2012 11:49 AM
================================
today TATA MOTORS JNSAR IS 268.42
as per stock wealth of sir..
Hope this will help to take decision..
============================================
@gauresh59,
thanks
@sujatha
Buy here, do not wait for any dip o/w you will miss train. I am Hoping second round of bubble soon, and in that second round of bubble we willsee some unexpected levels.
Jiignesh
nifty futures broke previous week low
thanks a lot dare
Its power of Powertrade, he is breaking every low. Now Nifty future...later Nifty spot :)
@Kumar Sir,
Me Just Sailing with all in the same boat :) :) :)
PT Drag NIfty lillte more down so at least I will book my
50 points for intraday.
@Victorious I think NF broke low because of deduction in premium
... so NS not broken low.... and NF broken.
More weakness after Europe opens @ 01:30 pm.
From Sunday, 25 March 2012, Europe will change time. They will open at 12:30
@kiran
Thanks for info, then US time will also change
@Kumar Sir/Other experts: Do you see nifty moving up today in late afternoon?
Considering election results tomorrow & congress gaining if BSP goes down, mkt may bounce back. (I am not a political expert). I feel today's sell off may also be due to cautious traders booking away profit or thinking the election may go back for gov, may take short positions.
My views are pure speculative & technically as Master mentioned, break of 5290 gives way to more lows. I see 5250-60 provide some sort of support breaking which I see 5150 levels.
Seeing DLF tank so much, looks like I made a fool of myself going long in it rather than going long on Rcom.
Namaste Sir Ilango and all friends
May the Lord give us strength to endure unchangeable
can anyone comment on falling wedge, please
Good Afternoon Everybody
@ Rajan Malhotra,
A sell in Month T/F only on a close below 5154 on 30th March.2012.
Last hope for bulls 5268 and then we go for a mega party
:)
Calls shed more premium than Puts gaining more premium..Typical of "early part of series".
Market has come down but on low volume.Very thin FNO Volume and comparatively low cash volume today.
Premium has again gone up to 35 Pts.
@ Master,
is there alternate count that it has end of red b in above
charts and c is pending?
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Ilango sir, how many points below 5268 will confirm it is c down and not sub b of irregular??
thanks
Still abv WLEMA.
As above chart I think 5260-35 will come today.
Good Afternoon to all.
MSNBC News:
President Obama said he would not hesitate to attack Iran with military force to prevent it from acquiring a nuclear weapon, but he cautioned that "too much loose talk of war" has only helped Tehran and driven up oil prices.
@hitendra ji
give me crude above 144 and diesel regualtion this time
my gut feelings are this fall will target to 5099 from
here. (break of 5268)
Who is with me ?
after 36 sessions NIFTY has finally broken DAY-34EMA @5280... will NIFTY close below this today
???
@Victorious
Ameeen ... Another Triange break down ...
Illango ji,
May be it is time to consider the Alt impulse count as follows??
1 5629 5268 -361
2 5268 5459 191 -52.9%
3.1 5459 5298 -161
3.2 5298 5392 94 -58.4%
3.3 5392 5169.498 -222.502 138.2%
Min Tgt of 3.3 is 1.382 x 3.1 = 5169
urs
SMO
PT,
Why 144 only?
144-47= 97*.236+144=166.90
Ameen Hitendra Ji :)
Sir,
what is the significance of yellow and blue colour in TA?
Nifty has not traded even once above 34ema in 2min chart today.
3D - Bear
@Prabhakar...Ji
:D :D
Sir
GA
NIFTY OPTIDX Open Interest at 1.45 pm -> CLICK HERE
Due to power problem i was not able to post 1 pm OI.
@victorious
dont worry
ramki@wavetimes is with you
@gauresh59,
ONGC ABOVE 281 AND WAITING FOR 285 ATLEAST TODAY
Jayant,
touched 34ema in 5 min chart
Bye Ilango Sir and JN Family.(Power Gone)
New Post Done.
Hitendra Ji Dare
me now out of tata motors ... it is exhibiting bull
leadership characteristics now in hindalco 140 puts
Yes Hitendra crossed in 2min and jumped.
Yahoo intraday and google 5min. showing 5EMA crossover from below for the first time in day so reversal above 5296?
another leg down after 2.30 now
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