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...
89 comments:
There is a falling wedge possibility from 5386-Labelled in green, in its last leg down.
@Shriram... why you are giving calls???? Don't you know thatgiving
direct calls is not allowed.
It is diverting people.
@ Ilangoji
Thank you for teaching " how to think of the possibilities"...
oops.... sam,
am really v sorry... I dint know the rules @ JN,
sincere apologies, & tks for tellin me, wont happen again!
Btw, 34EMA is crucial for this move... resisting so far :-)
cheers
@homeopathy_doctor
I think my comments are going for spam!.
ADX depends on closing prices only.DI Feb monthly crossover
5159-5630 buy signal is valid as long as the subsequent
months closed between it without ever touching invalidation point
here 5159.
one more ..pardon me if disturbing
Rajinikanth’s calendar goes straight from March 31st to April 2nd, no one fools Rajanikanth.
Interestingly the subsequent DI cross over sell signal occurs only after
crossing upper end, here 5630!
@homeopathy_doctor
ADX depends on closing prices only.DI Feb monthly crossover
5159-5630 buy signal is valid as long as the subsequent
months closed between it without ever touching invalidation point
here 5159.
Till Now .. Looks like .. as catching up averages and adjusting the oversold condiditions for more fall
sir,
falling wedge pattern may turn into bullish ww pattern
trgt 5151 for toady(5th of WW) and 5250 till tommorow..
.6th of WW
Immortal
LOLZZZZZZZ
Illango ji,
Tgt for "e" of falling wedge is 5127-5160 sir ??
urs
after breaching 233DMA successfully yesterday
nifty is strugling around and above it, may
be sharp fall , 5159(ns) to be watched.
@ Shriram,
If it is an ED starting from 5386, this "e" should end around 5155-65 zone where MEma and 200sma are positioned.
Anything beyond it would negate the "ED".
Though 5155-65 is the maximum anticipated, it could "truncate" above 5175 too.
Above 5230, it would signal its end but follow up needs to be considered.
is it possible that "a/1" done at 5232, this is "b/2" which is stopped at 5195 and "c/3" starts from here
fast rise possible if day low protected .
above posted view should be valid if NS goes above 5215
4 L Call addition of 5300, means writters are betting on
more lower levels and did not believe closing above 5300
Addition is fast in last 1 hr only.
ADX - u mean to say 5159 close below s not possible right?? n that case nifty may form double bottom formation @ 5171 level??
Kumar sir - lolz :( difficult to fight with PT BEAR :Parresting here BN and sensex is good for Nifty's health. If break here in both the indices then "all @ ICU" only PT has to give "ventilation"
@ Aly,
It is possible. Minutes waves-difficult to pin dn.
sujatha ben, please switch off your grinder.
Illango ji,
thanks v much :-)
@Sujatha,
5159 won't be even touched this month or next months preferably!.This buy signal is
valid even for subsequent months until we see another DI sell crossover
usually after nifty going above 5630!
Since last 11 hours NF is not moving and close above 23.6 % (@ 5233) of total fall from 5408 - 5180 (approx figures)
thnks illango,
you are right it is difficult to understand minute waves esp current wave structure seems to be a complex one
@Sujatha,
My comments are disappearing..
13,34,55ema converging...may see some volatility soon
@Sujatha,
5159 won't be even touched this month or next months preferably!.
@Shriram... pls don't take it personally... actually it did
happened many times before here... and you are sports
enough to take it positively.
Cheers
@Sujatha,
This buy signal is
valid even for subsequent months until we see another DI sell crossover
usually after nifty going above 5630!
There its breaks the Monotony :)
Has the "e" subdivided into "abcde", another small ED..! Confirmed above 5210 and 5220.
ADX - thank you very much for your clarification. Sometime back i read about DI but that time didn't go much to my head (that's as usual problem :D :) Even ROC too suggesting something (longer period) But "price is precious" i will bow to that. Will check 1-2 indicators/EMAs during only hefty fall/up or grinding market only. But nowadays slightly
believing in "longer time indicators".
Bhushan - let it grindddd upto this month end..or move up not able to participate much :) wishful thinking
hey that's ok sachin, dint know this rule...
jus typed coz looked a good C&H set-up... but nvr triggered as we nvr got past 5220 again!
now keep an eye on 5230 @ 1:30 pm :-)
sujatha sis will see today atleast 5270
"Has the "e" subdivided into "abcde","
Sir -"Pretcher" picha edukanummakkum EW - kku :) Lot of "hardcore EW' nowadays here :) happy to see how they love it and learning especially PS and fire :)
Hope while they walk and drive "they do zig zag, zig zag up down up down" traffic constable will "break their head" y these two's are doing like this?? :D they will select only "alphabhat and numberd" shirts :) My quota over..i pulled their legs...
will join later.
@adx, what is the length you are using for TR DI+ DI- & ADX, is it standard 14 or did you find something better from other numbers.. i guess its in day time frame ??
Yesterday, FII Sold Nifty Fut Rs 1434 Crore, bought NIFTY Option Rs 634 Crore (Add open Interest 1236 Crore......
Ashish Agarwal
Agreed Atleast till 5070 ... Lest Market is Supreme ... SL hai na :) :)
Sister!!!
haahahahahahahaha
Ashish Agarwal
Also Dollar is Looking heavily bullish
Can we have Some Collateral Damage after 2.30 or tomorrow :)
This may be last rise upto 5220 before final leg down start.
i think agresive trader should buy here without any
hasitation. & with strct sl 5150 close base on nifty
cash level.
@PT
Sushil Kedia has been wrong in past 7/10 times in the fall ...
jus thot i shud let u no.
@pt this doesnt mean i am saying he will be rong this time ..
jus so u follow the TT as in technical table not the Tweet-Tweet
no offence :)
Santej ...
Thanks ... Opinions from every body .. But only following Price/JNSAR/DRSAR/Sanjay Bhai OI/Kumar Sir/Brahmesh/Gauresh Ji/Mynac's OI/Sujatha's Cam levels/ ----- EW/TA ....only
:) it was all in a lighter node hope u dont mind :)
@Santej,
No Dear .. Never :)
Good Afternoon Everybody
Will nifty cross 5230 or break 200 DMA
Interesting I hope 100 point and more move from here.
sir good evening....what is the 50 sma rite now bec in my software falcon showing 5295 current..thanxs
Enough of grinding....:(
soon nse will start selling spices...
sir i trade 6 months on a between high ema and low ema on EOD basis..i made nifty 1450 point and bank nifty 7000 point....
@ prashant shah,
50Dma as per TT is 5285.
Your software may have taken the extra saturday trading into a/c. Hence, the 10 points difference.
(50dma is rising by 10 pt a day)
@ traveller
funny ......very funny
we might change the name to bhaniya
Bank nifty not moving ????? give him push banks come on.
regarding earlier view, if NS sustains above NS 5212, we may see "c/3" for this upmove unfolding for a minimum target of 5236
5 low ema and high ema...if close above 5 high ema i buy and sell 1 lot 100 point than after i rest sold when close below 5 dy low ema and take a new sell entrey aft
ar close below 5daylow ema
5225 ns is 200ma...since morninf ns has not broken abv it
as told in morning..premium eating started..watch 5200 PE
Ilango said...
Has the "e" subdivided into "abcde", another small ED..! Confirmed above 5210 and 5220.
March 27, 2012 12:58 PM
orb on the upside broken
Ameen Ameen :)
"c/3" unfolding and may target 5280 for the day
akkkkkkkka seeee. PT wait for 20 point
DR sir had ordered white tube light....
Sanjay
Jo mila so accha ... sharp 40 points ... thats more than enough :)
Victorious said...
Bank nifty not moving ????? give him push banks come on.
Want more or sufficient
milgaya ggg
GAAR applicable to only P-Notes
Great sir thank you very much !
"e" ended means "Corrective B" ended and a BIG "C" has opened upwards..
Dear illango,
how do we identify if it is a "c" or 3rd wave?
70 points from 5204 to 5274. done for the day.
time for EE
Sir why today filter for JNSAR?
@Ilango
Could we remove today's JNSAR filter and consider it
at 5303??
Hold above 5255 for the day and 5241 for 2.00PM.
I have observed that if JNSAR hit a day or day before settlement, nifty gives 100 points till settlement day
use this observation at your own risk
weekly open and pivot at - 5274....
iske upar bulls ke maje hi maje...
@ Indus,
Filter today for the opening session becos' of +ve global cues.
You can remove them.
@ Aly,
Based on certain considerations which has been explained here, it is assumed to be the "Big C". More confirmations is needed.
"5344" clearing is a major one.
Master,
Big 'C'Tgt Near 5386???
Please reply
New Post Done.
price close above 34EMA, 30mins @ 2:00pm, Long Trigger as per the 34system !
hope i can right atleast this much sam ?? :-)
cheers
Loving this Volatility
my own observation. last wave should be "c" not 3rd as b retarced more than 80% of a and after new highs, this wave has retarced almost 50% of perious wave.
@Sriram.... kya Sir????
Mera majaak kar rahe ho kya???
Sorry for TYPO...
Sriram --- Shriram
Hi
Please find below the list of companies with high holding by FIIs through the Mauritus route. The current debate is based on taxation of FIIs that are using Mauritius as a route only with an intent to not pay tax in India on capital gains. The issue of GAAR will apply here subject to the conditions suggested today, where again the key issue is intent to avoid tax by routing through tax havens.
Please note that LT capital gains in India is exempt from tax.
ST gains are taxed at 15% with speculative gains (F&O) taxed as business income.
Some companies here have P/E investors where gains will be LT, hence they will not be impacted by GAAR.
Regards
Ravi
Company FII holding through Mauritius
Stand.Chart.PLC 45.54
Firstsour.Solu. 36.99
Redington India 35.62
Apollo Hospitals 32.01
Allsec Tech. 30.87
Global Offshore 29.65
Fedders Lloyd 28.43
Graviss Hospital 26.04
Idea Cellular 24.03
Zensar Tech. 23.74
Dynamatic Tech. 22.02
India Infoline 21.98
Monnet Ispat 19.83
LIC Housing Fin. 19.79
Persistent Sys 18.37
Titagarh Wagons 17.87
K S Oils 17.51
Pennar Inds. 17.45
Magma Fincorp 16.74
Infotech Enterp. 16.06
Astra Microwave 15.38
Allcargo Logist. 15.28
Alfa Transformer 14.93
CT Cotton Yarn 14.85
IOL Chemicals 14.8
Centurion BnkP 14.74
JHS Sven.Lab. 14.66
NCC 14.56
Saurashtra Cem. 14.55
Megasoft 14.38
Edelweiss.Fin. 13.75
Innoventive Ind. 13.66
Accentia Tech. 12.67
Radha Madh.Corp. 12.31
Intrasoft Tech. 12.2
Cambridge Sol. 11.82
Gemini Comm. 11.69
Nectar Lifesci. 11.59
Welspun India 11.59
Welspun Global 11.57
GVK Power Infra. 11.44
Multi Comm. Exc. 11.41
Tree House Edu. 11.24
Netwrk.18 Media 11.16
Amtek Auto 11.03
Escorts 10.78
Hind.Construct. 10.77
Educomp Sol. 10.75
S Kumars Nation 10.62
Va Tech Wabag 10.49
I D F C 10.45
M & M Financial 10.38
Jindal Saw 10.28
Indbull.RealEst. 10.2
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