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...
85 comments:
PT - v can't fight with kumar sir's bull but still v hv a chance or grinding and closing EOD also here and tomorow gap down???
@Sujatha
Heading for 4880 kay ??
see abovee table by master.
JNSAr in green box.
Thats the indication what Master wants to give.
Regards
back, not finding much time today for trades...
CMP > 34EMA, 30mins (4892) is good news for bulls tho
@sujatha
May be cz Dow has bounced froma support zone .. but already
huge 80 pts plus so looks like sham to thud se niche girega
Gap down to hona hi hain
PT Bhai,
Don't go against trend.
Otherwise Barbaddi....
@DKG
No yaar no fighting with market .. bus thhoda aur upar
ka SL aya to fir se buy mein
Nifty trading above JNSAR. Can carry longs safely.
still now nifty resisted at Day Pivot R1 4937.
Have to see strength above 4937 for upside up to 4975
sir ji,
if cmp >5 ema-c
& cmp < 5 ema-c
what is the plan of action ?
nifty has to fulfill two gaps of previous up movement.
cmp > 5ema-c is long
and cmp < 5ema-c is short;
till when ?
Dear Sujatha & PT!
Now we mini bulls can fight you both bcoz we are in midway. You need -150 to win and we also need +150 from here to cross the sea:)
Dear Manish! Now i am confident bcoz you supported, You are also hitting bullseye nowadays:)
Dear Subho! Do not remind sir for mail again & again. He does not reply invidual mails in mkt time, except emergency.
(JUST OBS..)MAY SERIES ACTION IN 4500 PUT (OTM)..I HV SEEN MANY TIME IF IN ANY SERIES
OTM PUT OPTION ACTION SEEN ..THEN THAT PRICE COME IN NEXT SERIES...
NOT IN SAME SERIES.....AND TODAY SGX NIFTY JUNE SERIES OPEN LOW IS 4504...SO BE READY WHENEVER JNSAR SHORT SIGNAL TRIGGER NEXT...BUT RIGHT NOW I M WITH KUMAR SIR TILL 5050 TO 5130...
OMG - pls. breakkkkkkkk downsideeeeeee atleast for intra EOD i will take care :D :)
@sujatha
ur wish may be granted, but bears need to act fast...
my momentum study giving solace to your trades...
PLSS REPLY MY MAIL SIR..... I AM TILL WAITING
@ suresh,
If the close is above 5 Dema, one can remain long with caution as Nifty is still below Wema.
A close above 4935-DHEma would take Nifty towards 5035-WEma.
Anil - aagya rescue ke liye :) thanks not able to manage kumar sir's bulls :(
need one "big thud" scartching my head whether it's 2day or 2morow?? :P
close below 4950 is weak i believe May god give hit to JNSAR :) :D
On Hourly Chart of Banknifty and SBIN 100 EMA cross above 100 SMA.
Sir - talking about EOD close 4935 right??? tks n advance
becoz that's my EOD SL another impt ema is there
Camarilla Intraday Update/Follow Up:
Trade 2: Triggered
H3@4924 SELL with Stop of 20pts or your
own.
Greece exit from ECB is almost a certainty. It is to cast disastrous spell all over the globe. Most of the European banks will be heavy defaulters. Emerging countries will see very little inflow of foreign investment. Greece remaining with ECB is no respite. It is a choice between devil and deep sea.
Anil Bhai!
Wo golden chance ho sakta hai, jisey aana ho andar aa jaye. Fir Sujatha karegi OMG, i need 5068, 82, 92 uhh etc. etc. :)
@sujatha
plz break NF 4912
@ subho,
ORB trading is good. You may read "Always start trading with these", especially "Pivot trading". It helps.
If you believe in yourself and work hard and apply what you learn, let it be simplest studies...ORB, Pivot trading, Lord Krishna will make sure you get much more than what you put in. He will create miracle in your life.
Get Rich Slowly and Quietly.
@Kumar sir,
i am short at 4930 NF, and only for intraday as
momentum cycles turning,but hourly still looking
good strength so ...no short overnight,if nifty closes
above 4905 spot...
Ilango Sir: It appears you have taken the commitment to
make every JN soul rich slowly & quietly.
Thx
Dr sir nifty must close above 4935 hema today for further
upmoves.
@Parimal,
Greece GDP is around $270 billion, while
California's GDP is $1.90 trillion.
All this hoopla about Greece is merely to
frighten the weak hands. The Bull market
from 03/09 still rages on with the S&P
breaking above 1400+ not too long ago.
@master
nifty hit jnsar twice but unable to trade above it. is it suggest exhaustion? thanks.
Kumar sir - called up mam.."2 rotis" cut for you for a "week"
Anil - yeah..worry is 4935 EOD definitely :( i feel close will be below 4922 or nearby let me see 3 pm hrly
@ anmpatel ,
This kind of behaviour is seen often when Nifty triggers JNSAR after a "Huge-gain-trade".
I suggested in the morning my thoughts on it.
One who "bought on pull back" has a better cushion and early profit booking opportunity and reduce the "harmful effects of whipsaw".
THNX A LOT SIR.................
sir any article of yours to calculate ORB or how to trade with ORB
Prince
http://tradeinniftyonly.blogspot.in/2008/11/nifty-intra-day-trading.html
@Mr.Cooldent,
How are You? can't see you few days!
@ cooldent thanks for the link but how to calculate ORB
Julius
Im fine. Took a small break. back from today and luckily got nifty same place i left :)
Oh my God, i m lonely bull here...Parminder also in Sujatha's court. Why close above 4932 needed, tomorrow's JNSAR is nearly 4918...I am happy with any close above 4918:)
9.15 to 9.30
See the high and low
If price goes above high break out
If price goes below low break down
kumar sir,
mein hoon na , aapke saath !!
suryakiran ki pratima kal dikhegi, bhagwaan bharose ;-)
@Ilango sir,
Today confused ... though short but confused to
keep it or not ... Guaidance Please
Kumar sir
Ill be happy above 5912 also :)
Dr kumar,
i am with u sir
regards
4912 sorry
Dr sir, now show ur power and give some medicine
to nifty...
@master
3pm update please. sorry for hurry. thanks.
Rupee @ 54.8 not supporting nifty bulls
ok Cooldent sir
aaaaaaaaavooo grp jiiiiiii :) happy to see senior's view :)
Ahaaaaaa Jai Shriram!
Shriram aaye mere ghar dwaar to baaki sab ne bhi asha ki kirne jaga di. Thank you Parminder & cooldent, now Sujatha & PT also needed to cross 5000 soon in near term:)
carry ur shorts.garmi bahut hai.
Camarilla Intraday Update/Follow Up:
Trade2: 15pts down from Short Entry.
JNSAR again hit ... Now Confused
guidance please Ilango Sir and Seniors
DR BN ????
Kumar Sir,
I am also with you. Keep it up...
Me nuteral if close between 4900 - 4930.
$ not suporting any upmove.
Already in brekoutmode so cautious looking at $.
hahaha..
kumar ji,
agar 4892 hold kar paaye , to Nifty ji ne aaj "abc" mein kal ka ek up-swing ka script bana liya
Jhanda gadd jayega , jhanda :-))))
@ PT,
Nifty is consolidating for the 1st rise to 4933 at 9.45AM.
It is a consolidation as long as it remains above 4902(DEma) & 4887(34Hr sma).
thanks a lot Ilango Sir
My short term target for $ is. 56.
Tab tak Nf kaha hogi?
@sujatha
that was yummy move...anyway...lets see how closing goes..i cutted my shorts by 2/3 and holding 1/3rd with SL, 4885 is a good support, or rahter specific 4883...
Ilango Sir,
Seems like irregular ‘abc’ is done now at 4902
Camarilla Intraday Update/Follow Up:
Trade2: 20pts+ down from Short Entry.
Part booking & breakeven Stop for remaining
is good NOW.
Thank you kumar sir - intra peanuts collected at last :(
PT - am taking my "teddy bear" here the prayer for my bear
OMG - please gap down tomorow if not flat atleast nd save me from Kumar sir
@Sujatha
Hoe much down ??? Cz i am confused
The "minor ivth" of the 5-wave upmove from 4789 to 4933 is @ 4889.55 to 4861.05.
PT - purely risk (is eating like "rusk" :P ) yes with sir's level 4861 and mine is 4835 again but DON'T FOLLOW ME hope u know :)
@Sujatha
Taking home bears half QTY .. Can leave the love of
bears :)
@sujatha
NF 4868-70 a good support..
Intra short closed !
PT
clap clap
U did it
ANIL ji - BN ball is with me.. weakkkkkkk below 360/20 closing let me see
love to see close below 300 lvl
PT - i grabbed the bear theory from you :) :D
BN collapsing slowly but surely.
@Cooldent @Sujatha
:)
sir jansar stop loss trigeredd? any one keep long?
@sujatha
opps bad luck...covered all shorts..remaining at 4885 NF ...are yaar ek baar bank nifty toh dekh leta...anyways....
tomorrow new day...new trade....
sad thing for bulls is just @ end, 5hrCEMA turning down @ fag end of day :-(
4887-4893 zone safety net hein...
@cooldent
JNSAR long or short again ???
If it is irregular corrections and stops around 4860, it portends "bullishness" in the short term.
Tomorrow's price action would be crucial as a follow up to today's.
.
$ rising Nf falling
Did previous low can retest?
Tomorrow 4844 >> 4826 might be a buy opportunity.
Depending upon the price action at that time.
* NF levels
Camarilla Today
Trade1: 12pts
Trade2: 27pts
Today one could have booked atleast 20pts.
02/05 till camarilla 260+pts Profit.
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