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...
120 comments:
@ PT,
We wanted a close above 4872 and got it.
"Closing above 4887" was additional request - Rejected presently.
Nifty could pause here around 4875-95, before the next...
Again testing chanel
@Sujatha
what ur Take
@Sujatha Ma'm: Had my full meals today. I want nifty closure above 4875/4862 today for tgt of 4960 tomorrow & 5050 on Monday.
Bas sirf itneesi khwayish hai is chotisi chiti ka..
before the next..."
Upmove Downmove .. Dicy now
PT - then fine "sir's additional request" rejected :) me watching 92/903/18 sustaining here and back down and close may be below 4894 or here "cat on the wall" it may give false breakout upto 18 also now if not touch then all is well
PS : Watching green boxes :D :D
resisted @ channel
@ DR Ji
BNF is at 9285.
May I request you to update about the THUDDD ?
@sujatha
I wish to take shorts home .. but fearful
@ PT,
As long as the Hour colour in TT remains "Green", you know what is "Next" would be.
@ sujata: today was day for "tossed" pan pizza, not murugan idli ;-)
@PTji,
2.30 close above half hour candle above 4870 will add
strength for bulls.
PT it means upmove,
Master wanted to close 4872 n its done.
So trade is now positive
dum dum 75 calling??? grind and more down???? OMG pls
@Experts: hearing news that tomorrow will be decision to hike diesel & gas prices... if that happens then nifty will break 4800 since this will have direct impact on inflation.
Can anyone pls confirm?
Master
Is midpoint crisis crossed in your chart??
Sorry for disturb.
Illango sir can U look at $ chart plz
A 5 wave end can be recognize?
@sujatha
hi...so its a teddy bear getting bigger...anyways
until 4927 taken off, i think longs would be risky ones...
waiting for your views...
PTbhai,
Now we two are on different camps.
61.8 of last downmove achieved. Now what?
Kisi ne Sai se Poocha : Aap Bade ho Phir Bhi Neeche Kyon Baithe Ho?
Sai ne bahut Khoobsurat Andaaz me Jawaab diya: "Neeche Baithne Wala Kabhi Girta Nahi"
4895 broken
Wah Kumar sir.
PTbhai,
Still short?
Prabhat - from where u all r getting news? from broker?? :)
Anil- waiting for your views... - no limit for kidding and joking??
Anyway let EOD close should be 4894 then ST reversal possible. this hour it may show high and down as per my own .......hence waiting.maximum NF 4927/38/55
Sir's TT hour showing green + JNSAR triggering..but still i am not happy :( :( believe DOW may be real red???
Shriram - My intra quota over with downside instead "morning plan long" :P
DR bhai:
Aap ke liye khaas pes-kas !
1 shrabi roz SHIV mandir pe sir tekta tha.
1 din pujaari ne SHIV ke jagah GANESH murti rakhi,
Shraabi aya dekha bola- Chhotu papa se bolna main aya tha ;-)
@sujatha
although i am not EW analyst...but what it looks to me...in compliance with moementum setup i am posting this have a look...
http://imageshack.us/photo/my-images/580/nifty5minew.png/
haahh...
@sujata: lets review whether to cook "idli"
as close to 4960 as possible :-D
How can one trade USDINR? Is it allowed in India? If yes, then what brokerage firms allow this & with what brokerage.
Any info will be helpful.
Looking for a double top now. Can we take a short there?
With SL of course.
@prabhat
dear, 'Fire' used to trade in it..ask him....
Manish said...
@ DR Ji
BNF is at 9285.
May I request you to update about the THUDDD ?
=================
Dinesh Rishi said...
BNF must sustain above 9450 for reversal
else thud sound
if not 200+ more to come
===========
9450 not yet seen
Channel broken
For Commodity lovers few tades posted inrested may enter.
Dear Sujata!
I subscribe to Cobra Impulse system, which regularly give updates on US markets, USD Oil etc.
As per Cobra blog, S&P can touch 1333, based on yesterday market action.
Also US is closed on Monday, and as per seasonality this particular friday is bullish
May be not a big red candle in Dow, rather big Green candle, yesterday also recovered 150pts frpm lows.
Just for your information, i know you are much better than me
Good luck
For all chart lovers :-)
Maine tujhe dekha…dekhta hi gaya…dekhta hi gaya…..
Aur fir…ek din mujhe…
….Chashma…lag gaya!!
@shriram
'chaska' lag gaya
Dear Nilesh,
It has a potential to show even 4920 today…and Think so that Dear PT would now wait for Nifty to get overbought on Hrly.basis…:)
chatas - tks for the information :) that's just a "global cues" notmain food.. i follow only "our tech" first now waiting for a thudd @ 4880 again :)
@Shriramji,
lolz...........
lol sriramji charts se naina char!
@Saurav
Yes adding in staggering way
@ Prithvi,
Ilango said...
@ Mehar ,
Midpoint crisis has been "averted"...safe presently.
May 24, 2012 1:57 PM
@mynacji,
3 pm close above the channel + JNSAR would add momentum
in bulls camp. This is my view. then sky is open for
bulls.
DR - BNJNSAR activated? at? what are the possible
targets? thanks - above 9450 - 10k expiry is wishful?
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash4/p480x480/398789_313387398741520_100002107888958_735102_563758633_n.jpg
@ nilesh / Anil / Billu :
Ye lo ji ek aur ;-)
Teacher:-bahcho aaykar,bikrikar,bhoomikar se milta jolta koi aur shabd batao.
Baccha:- sir ek nahin teen shabd sune hain,sunil gawaskar,sachin tendulkar aur dilip vengaskar !!
Nilishji - give me another 25 pnts and take back
Janak
http://www.youtube.com/watch?v=d2Xmwaheyi8
sriramji meine bhi ek suna hai Haseena Paarkar:)
sorry master
Dear Nilesh,
” then sky is open for
bulls.”
Very frankly speaking… Don’t think so in such type of “Down Trending Market “…On the contrary I would wait for JNSAR, when it will start to rise from here….The gains are more there is my view…when Nifty will come down there and break it…JNSAR trades are also more beneficial with the trend is observation…No doubt it wont be an easy now to break JNSAR for Nifty so easily but when it breaks it gives very good return…
DR, Cryptic message in pakizah song :-) mind goes numb
while watching meenakumari in that song:-
Billu Bhaiya
Addab Savikaar Ho.
DR sir, good afternoon
new high again
PTbhai,
Take care... JNSAR ke against ja rahe ho aap.
@mynac Bhau,
Thanku,
@Sis,
I think it is difficult now.
ekdam "fit" salla dila mynac !
Tasech 4960 var laksh asun det,
tyacha pudhe varcha mala todun jayeel 4990-5155 paryant :-)
DR sir, ready for short covering
@ DR Ji
Thudd kitna lagega sir approximately.
PT have over confidence against JNSAR.
Its overbought, -ve divergence, double top etc. etc. but ask those mini bears who shorted in morng after watching INR and now sweating. Bear market neglected all +ve divergence and bulls market neglect all -ve divergence, atleast for today bulls having upper hand with help of TT and JNSAR may help them ahead too:)
Dinesh Rishi ji Vale kum assalaam:)
3.00PM TT & Chart updated.
@Sujatha
Now My patience is taking pains :)
Dear PT...i m with Mynac...atleast now let hourly become over bought..and we r above JNSAR...so i m waiting for tomm 2.30 hopefully..:)
kumar ji,
pranaam Sir! aap bas aise hi surya-kirane dikhate rahiye,
jo hum log din mein taare dekhne lagenge ;-)
Closing at almost high point of day+Above JNSAR... Is it bullish enough ?
Ilango sir, i am thinking from past many days about possible 2 zigzag is going on with x is completed on 5630 & A is at (4789) irregular B target 5950-6000 & C to 4300. Plese ur views on this for my ew learning. what is its envalidation points? Thanking you.
श्रीराम,
खूपच स्पष्ट बोलायचे तर निफ्टी ने किती हि उचल आपट केली तरी मी काही लाँग व्हायचं इतक्यात नाव घेणार नाही.. अहो वरून ठेवून दिलेला दणकाच असा आहे कि,काही तास किंवा दिवसा साठी सगळी कडे हिरवळ वाटते.नि नंतर कुत्रं हाल खात नाही... फार बेक्कार अनुà¤à¤µ आहे.,पूर्वीचा.... त्या पेक्षा दबा धरून पाणवठ्यावर बसलेले परवडते.
@sujatha
booked out of longs...waise TGT NS 4920-22 tha,but
leave something on table...
Now tomorrow will be a block buster day...
@Sujatha
:( :(
Manish
who knows if thud sound will be there or
rocket sound
REPOST:
Dear friends,
I'm going through some +ve changes in my business.
My new place(firewall) is not allowing to access
blogs & several websites. From monday going through
this. I could not post updates regularly. However I
try to update through mobile access if time permits.
Also if time & Admin Respected Mr.Illango permits we
can experiment various pivots in coming days.
I thank Respected Mr.Illango & all other friends for
this wonderful experience of 1 month.
Good Luck All.
breaking of sound barrier also creates thudd sound:)
@Prithvi
Nope .. Just a little more Extra SL .
JNSAR ke sath ek din jhagda chale
bus ek hi din
हे घ्या निफ्टी ने लावला ४९२०... उद्या साठीचे पहिले टार्गेट ????हे घ्या ४९३२...
@ DR Ji
Will it be better to go long on Axis or Yes bank in
place of BN since it is falling short of BNF ?
Pl advise as per your experience.
close above 4912, choti si asha,
I mean it is closing below our tgt of 9450 BNF ?
@mynac,
udya??? :(
Nilesh bhai
Done!!
CAMARILLA from 02/05 till Now 316+ Points.
DR - for u :-)
http://www.hindilyrics.net/translation-Paakeezah/Thare-Rahiyo.html
@Cooldentji,
:)
hahah.. barobar ahe mynac,
pan mee udi marli hoti from 4860 .. ata pahuyat kuthe book karache te..
4960 cha umbartha motha vatato ahe sadhya ;-)
Ilango Sir,
As per EW, Is one more down move v of 5th still left to reach 4790-4805, or the vth got truncated as NS is above JNSAR and channel?
My morning view was the 4th is doing abc, and the c wave will go to 4960 levels and then the 5th will unfold. but you had marked in the chart, 4th over at 4956, hence the question
please guide
Thankyou
Dear Nilesh..
Nifty gandavtiy...:) gadi ajach tith paryant gheun janar kay ?Sakal sathi thod theva ki rav ?
Sir please reply my question as i am thinking for irregular B because its taking support from monthly trendline & my previous observation pure A,B C got negated because latest fall not support for possible C acceleration & wave structure..or its till valid
Dr Alok,
Congrats on ur moning star discussed in the morning
@mynac bhau,
aajch profit book karayala aavadel. udyache koni sangitale
fakta jnsar 2 mini gheun jau.
Dear Ilango sir,
Is there triangle formation in 1 hr chart of Nifty
which will be 4th wave then 5th
abhari aahe. aajacha 4932 dakhavalyabadal
Friendly Caution to all shorties again:
1-JNSAR is long now
2-Its closing above 4910
3-Morning star pattern confirmed
4-Crossed Channel & closing above that
5-Closing above DHEMA & may be close above WLEMA too:)
Dear Shriram Jai shri ram!
Your EMA shown magic again:)
@ Chetas,
I have marked the pref. one. There are other possibilities , not mentioned as it is in smaller T/F, to avoid confusion.
@ rk,
You may refer the "Two probabilities" marked in our "JustNifty TA" file, link for which is given at the top right corner of the blog.
@ abhinav,
I don't see any triangle in "Hour chart".
Mynac congrats for ur 4932
Thanks sir......
The bulls have it The bulls have it....
For Today....:):)
Dear Nilesh..
:)ye aapki farmaish thee.. to puri kardi...Nifty ne.
Market has given its verdit.
Has shown hand clearly without any doubt clear cut.
Kumar ji,
EMA is like pavitr Ganga Maa.. sabko sukh deti hein :-)
Bas aaj ke liye brahman trupt ho gaya... kal ka ab, kal hi dek lenge !
Thanks mynacji
all around happiness toaday in blog.
whats your view now mynac ?
Dear parminder,
As per "self decided strategy”, now not trading against the trend, like earlier… so comparatively, able to watch slightly more impartially, so only some times could see it correct…Now it is trading up in down trending market, and @ present comfortably out of Bears territory today.. and has potential to show even 4990..tomorrow itself…i.e. JNSAR + 100 points..if all shall be well …means from tomorrow, the eyes shall be on Hrly.. data
@ master
Great day sir under your continued Guidance and hand holding.
Believe me your Greens are like God to many.
Regards Always !!!
mynac....yes though option oi hugely shows its out of bear territory but whatintrigues me is the NF oi at 4 pm....badly waiting to see bhav....seems this is not only a short covering one but some buying had hpnd....what do you think ?
EE done master.
@ Mynac
I like the clarity in your thoughts and sharing with
the group.
"Be careful in going all out in longs during downtrend".
Stephen covey said - If you have your hourly TT (time table)
you have won it.
happy faces cheers :)
@ sri
Till 4905-10 crossed it was short covering.
Above that there's buying.
4700PE OI confirms the same.
even more interesting as how 4700 PE behaved today till market breached HH EMA for the second tie....it was relenlessly holding 15-17 till 4903...then started the slide....this, i think has an important point....
good coincidence manish !
The Monk who sold his Ferrari knew about the petrol price hike ;)
Thanks for your guidance on time sir.. :)
Yes Manish,
Me too as a drop in that ocean of many.... :)
"Believe me your Greens are like God to many.
Regards Always !!! "
Jai shree Krishna Dinesh ji
Ilango sir
I am managing my trade based on your excel sheet.
and following 5-EMA, high and low.
Based on same My trade plan for today was to at 4890 levels today.
But I didn't had any exit plan.
I exited at 4860 based on your data that the down move can limit to
4871.
How did you reach that and what points should i keep
in mind for exit plan.
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