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...
79 comments:
Friends today is expiry and lets have a contest here.
June Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for june.
b) No wild guess. A reason is must. Everyboday must give a expected close figure and reason for that.
no range (4000-4050) ,only one figure e.g.4000
c) You need to do it now, hurry up
Seniors plz contribute.
Dera mynac,
Aapka bearish message aate hi Nifty finding weak knees :)
Jiignesh ji
My level for expiry is 5090 as it has been a strong support and also it will keep traders guessing about the next move.
Jignesh,
My expiry guess 5191 ..."near high end of expiry"
Expiry at today pivot 5144
Both 5100 pe and 5200 ce writers will take home the moolah
Goodmorning sir and everybody :)
Julius sir - super duper comedy ha ha :) brain standstill i took in the way "be quite" but the "innersense meaning" is different sir has given excellently apart from sir, i heard it from Mr.Cho Ramaswamy in Jaya TV once. but that time "i didn't realize" ellam nanmaike.. புயல் மையம் கொண்டால் மழை மண்ணில் உண்டு எந்த தீமைக்குள்ளும் ஒரு நன்மை உண்டு now as much as i can "will not forogt sir's words" :)
Good Morning Ilango Sir and Friends
Nifty channel and range: CLICK HERE
good morning Master........sir please guide on conservative trade as last day sl was 5165 & you told to trail sl to 5155 in market hours,so how come now table showing bought @5140........could you guide me master to understand the conservative trades in a better manner......thanks
Ilango said...
@ Prince,
Conservative traders could choose to buy around 5140 with a small SL 5132.
OR
Hold with a SL of 5155(instead of 5165)
June 27, 2012 2:23 PM
Jiignesh
Plz post the link of XL file
so everybody can check their and others guess.
Good Morning Sujatha Ji,
I didn't pointed you. If you didn't see my
reply here repost:
////
J.R.Julius said...
@Sujatha Sis,
Good Evening - Just came back.
I didnt mean "summa" regd. the chats here.
That's a self talk after seen the charts
and waving between my levels. hope u dint
misinterpret it.
June 27, 2012 5:42 PM
ஒருவேளை எதுவும் போஸ்ட் பண்ணாம நான்
'சும்மா' இருந்துருக்கனுமோ?
Dear Mynac,
Thanks a lot.
@drsir
JN series close contest
Dear Sourav Kundu,
It's not just only Bearish view but just a observation...
Jiigs
Jess
link of Google doc
hi,
Jiggs my expiry guess is 5118 low ema and near Jnsar, 23.6% retracement of last low high .
daily stochastic is falling, but mkt is rising.
निलेश,श्रीराम,
५१०० पुट आत्ता,आज राईट करून फक्त आजचे मरण उद्यावर ढकलले जाणार... पण जीवाला धोका तो आहेच न ? :)
Jiigneshji,
My expiry guess is 5097 -just above week low.
@Jiggs,
My expiry guess is 5124 median point of last 13 days.
@ gkm223,
Relying on one indicator/ one study will have limitations.
Yesterday closing hour lead indicator was down but markets have gone up in today's opening hour..........reason being "Midpoint crisis zone" susceptible for reversals and TT continued to show green, etc.
Daily stochastics too at a critical point that based on today's EOD price would reveal its hand.
सुप्रभात मयंक भाऊ,
मला हा असेंडिंग त्रिकोण वाटतो. व हा वरच्या बाजूस फुटेल अशी चिन्हे वाटत आहेत.
@DRSIR, @ILANGOSIR
and all
June Expiry Guess till Now
मयंक भाऊ,
पण जसे इलंगो सरांनी सांगितल्याप्रमाणे दिवसाचा लेंड इंदिकॅतोर सेल ला ट्रिगर झाला तर मग काही खरे नाही बैलांचे.
Jiigneshji my name missing from the list
निलेश,
नाही...इथून थोडे वर जायला हरकत पण नाही, पण टिकणार किती हा सगळ्यात कळीचा मुद्दा आहे.. कारण बेड्कीने किती हि फुगायचा प्रयत्न केला तरी ती बैलाची जागा नाही घेऊ शकत ना?:) बघू... घोडा मैदान जवळच आहे...
@J.R.Julius
போஸ்ட் பண்ணுங்க . ஆனா நீங்க ஒண்ணும பண்ணாதீர்கள் . சும்மா ஜோக்.
massive addition in put of 5100 PE what it suggest ? till now additon of 4,542,050 and counting fast .
sir
I am using MACD with parameters (12,26,9).What should be the parameters for S.MACD.
If I look at the premiums on Calls & Puts, closing seems to be at 5190 zone.
@jayant singh
done
Thank you Sir
Charan prasad ji,
This setting is only for Slow MACD
☺
@ Jignesh ji
My guess 5145 midpoint of recent low 5095 and high 5195
Markets trading in 10 point range since open, whats the magic, I m certainly surprised to see this.
Parminderji i am using icharts, it show just MACD only.Can you suggest any other parameters for MACD.
Unable to clear yesterday's high of 5160 would bring in weakness.
good morning sir and all the gems of jn
dear Parimal
definatly i am also watching it that how nifty is going to resolve this matter and that will be another learning
right now i am in office and being not able to access the data sometime but wish you and allblog mates profitable trades
cheers!!!
@ GaneshaSays
aaj mausam bada beimaan hai
http://www.youtube.com/watch?v=aSJ_jcEPOu0
@mynac,
48 lakhs addition to 5100-PE and 21lakhs to 5200-CE. This is huge by any standard. I wonder about sellers here how can they take such positions for such a short amount. If gone wrong they will have to pay big. हे विकणारे एक तर खूप मूर्ख आहेत किंवा खूपच शहाणे.
Is it some indication of violent moves coming in later half of day?
Master,
5155 broken ,so can we believe that uptrend contd.with sl of 5120.
Dear AimNifty,
It has already given that hint in first just 15 minutes today...
@Just Huge Consistent Profits,
:D பெரும்பாலும் RB ல என்றி குடுக்குறது இல்ல.
Charan prasad ji,
For Fast MACD u can use 5,10,9
Right ilango sir
☺
Dear AimNifty,
फक्त कावळा आता कधी बसणार ह्याची वाट बघायची... फांदी कधी पासून तयारच आहे...आज दुपार नंतर,उद्या कि परवा? :) बघू... आपण पण वाट बघू...
Jiignesh bhai,
My Expiry guess is 5161.
Just above DHEma (5158)
why not we take meaning of massive addition in 5100 PE hinting nifty expiry above 5100 PE ?
highest day closing this expiry was 5165 ; looks imp for this series
and lowest close was 4841
JH /Julius - :) :) யார் சும்மா இருக்காங்களோ இல்லையோ நான் சும்மா இருந்தா நலம். குழப்பமே இல்லாமா ப்ளாக் ரொம்ப தெளிவா இருக்கும். இன்றைக்கு ஜங்ஸன் பாயிண்ட் மீட் பண்ண போறோம்னு நினைக்கிறேன். பார்க்கலாம். எந்த ஜங்ஸன்னு கேக்க வேணாம் ப்ளீஸ்
Dear Amol Sharma,
"All that glitters is not gold",so just make hay while the sun shines.. It's Traders religion..
thankyou parminderji
My expiry guess 5210 monthly 5ma
@jignesh
my expiry contest entry is 5172. prices are near high point of range and near resistance 5175-5195.
this is my first time participation.
thanks.
Jiignesh Ji,
Expiry guess @5104
above Week EMA & Week Cam L3
now if 5153 is proected a bearish WW pattern may emerge in 5min ns charts
may move up towards 5164 near 12.15pm(pt5) and then may fall towards 5151(pt 6) near 12.45pm
Jig,
My guess is 5102. (Just above Week 5EMA)
Asian indeces are flattening off.. Waiting for the European market to open
Good Morning ILango Sir & everyone!
Nifty not showing any kind of weakness, continously trading in +ve zone. Bulls needed 5 points move to cross yesterday's high but bears needed 25 points to break yesterday's low so who is strong? In my eyes, obviously Bulls:)
Dear Jiignesh!
Thank you so much for ur continous sincere efforts on JN monthly festival:)
My expiry guess is 5206 which is the R-1 of this month.
Camarilla - Scenario 2
Nifty Futures
H4 5161[BUY]
H3 5150[SELL]
(Revised H3 SELL@5140)
Personal Decision Advised.
i think bank nifty may give some more idea for expiry game
as it was trading near 10000 levels with prem of 10000ce and pe being near 56Rs
10050-9950 may be trading range till 2.30pm
Namaste Ilango Sir And All.
Resisted at 5156 (61.8%)
fibo retrace from 5195 - 5095.
thank you kumar sir
June Series Close Contest Till Now
This is very frustrating..idk wht nifty is waiting for.
Reverse H&S in Banknifty on hourly timeframe. Breakout above 10100 on hourly close.
Jiggs,
Keep up the good work
☺☺
Very Surprising
On an expiry day, after half days trading the low high diffrence is only 10points in nifty future.
Silience before a storm.'
Regards
If BNJNSAR trigars shorts then i think it will invalidate the pattern
NIFTY CLOSE AT 5177- 55WEMA
RAJAN
Moment jiigs closes expiry contest (@ 2:30) bulls and bears will start working on strategy to push and pull.
Almost 6lac NF addition in last half an Hr.bt.hardly 3 points... and Nifty trading @ 5155.50..which is second highest volume trade value since morning...
R/Ilango sir good morning n same 2 all reder's. My expiry guess 5116 cos- 50% weekly retracement.
We can relate to expiry couple of months back when nifty has taking support at 5136..5171..5184 .
Now nifty is at other side of the table taking that as resistance.
And next day of the expiry it shooted 100 points up from the support.
My assumption is that if there is similarity then nifty will crumble under its weight tomorrow and for that it has be technically weak today and "close below pivot and 34hsma "
My take it would be around 5130 close.
Now 25 lac addition is there and another atleast 15 lac is expected up to 3.30PM.. so let us see,whether Bulls shall able to force that sellers to cover their shorts by way of that much less addition in latter trading Hrs... Do or die situation...
Nifty in 10 point range
but yesterday close HR SS was below 30 and now above 80
@ Jiingesh sir
My expiry guess 5180 previous support & now should act as resistance
New Post Done.
@Jignesh
Expiry at 5095....lower end of the channel
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