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...
36 comments:
Recalib @ 10:AM
RED on NIFTY >>>>>>>>>>>>>>>
Lifo Fibbo says so.. 5-10HrEMA says so...
Fast Fall set up !!!!!!!!!
@ master
trading below DLEMA. weakness. just waiting for hourly indicator turn down. can you tell me at which price it will? and banknifty developing jnsar please. thanks.
"For the day, Nifty is weak below 5125-200sma and more below 5075 & 5045."
Ilango spot on.
GM sir and all :)
Rajendran - வாழ்க பல்லாண்டு தங்கள் மனம் போல தங்கள் மனைவிக்கு எனது வணக்கத்தை தெரிவிக்கவும்
PT - "Blast" wishing for "Rajendranji"???upto 4949/30?? May God bless nifty and Rajendran and me too hehe :D lolz
Julius
J.R.Julius said...
BUY@L3 valid ONLY if it made HL as NS falling
from the opening.
Thanks for this
Dear Rajandran Rajarathinam!
Many many happy returns of the day, Happy Birthday to you:)
Dear Gauresh!
Hats off to your positive approach, You are really practical man. May God bless more strength to you & all your family members.
Good Morning Sir and all,
Many Many Happy returns of the day our Techno wizard
Rajandran R (market calls)
God bless Him Long Life.
regards!
@all
can anybody tell me,what the margin requirement in commodities...my friend want to trade in copper...
Disclaimer: i dont track/trade in commodities,nor did have any inclination
what master suggested,,one more up thrust of c of 4th is looking attractive.
Welcome Mr.Cooldent Sir & Have a Nice Day
@Anil its 5 % of total cost... Copper Lot is 1000 Kg
and 250Kg
Ilango Sir,
The uploaded Bank Nifty file is not the latest one. Pls upload latest whenever time permits.
Thanks.
@ mridul,
If Nifty is able to hold around the 50%-61.8% retracement of 5040-5057 in the next 10-15 minutes, a bounce is likely.
Remember when Nifty trades below DLEma with a 20 point difference, the risk is high on "Long" trades. Hence, such counter trend trades should have Tsl.
ilango, ur first target of 5075 ns hit - now 5045 ns on the way
re posted
@master
sir banknifty developing jnsar please. thanks.
sir the bounce is on exactly as u said wherr will be the resistance points ? many thanks
@ jay shah,
"5098"-21hr sma is the 1st resistance.
Intraday strength only above 5100-5105.
Dear Ilango.. The bounce is on exactly as you described. Please let us know how you manage to analyse and predict this bounce ( as Nifty didnt test 50/61% Fibo ) It will help us to understand how nicely you analyse
@ anmpatel,
BN's JNSAR for 09th May: 10107(approx)
50% done fall from 5120-5062 done
Camarilla Intraday Update/Follow Up:
From L3@5077 Up Movement 22+ Points
Sara Shame Shame Shame!!!
Camarilla Intraday Update/Follow Up:
From L3@5077 Up Movement 25+ Points
sir above 5112 it will 80% of the correction from 5125 yesterday to 5063 today wont that be highly bullish above 5112 ? many thanks
@SAM
thanks...
Lost 20 pts in the shorts @ 10:00 am
Now, @ 11:30 status is thus:-
1. 5-10Hr EMA Bull x-over in place
2. Close > 34EMA
Will wait for 12:00 for 2nd hlf hr candle close > 5094
can signal high probability Long trade if it does so!
@ Master
Can we say as per TT 200 DMA @ 5122 then 100 DMA @ 5147
and 50 DMA @ 5275 are aligned bullishly ?
@J.R.Julius
sir if now again if it gives buying chance,, shall we take
long entry or ignore the signal...
@shriram , it 'll be abv 5094
Recalib @ 12:00 :
close @ 5094 , no sense initiating trade , wen its so close
Need to wait for clarity
New Post Done.
Hi eevra,
Lets wait for one more hlf hr candle ...
I have lost some money in the morning today, so trying to b risk-free now :-)
c of 4th may be ending with ending diagonal..
Sell NIFTY around 5124-5078 with SL-5186(Weekly closing basis)
Major reversal point is 5078. Safe Selling zone is below 5078.
Sure SELL call if 2-3 days or weekly close below 5078 level.
Below 5078, NIFTY will target 4775 (minimum). My target is 400-500 points (ie around 4700-4600 level)
Above levels are my predictions, trade carefully
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