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...
69 comments:
NIFTY SPOT
Taking Support@5240
For the Range 5234-5323
Possible Retrace/Bounce
0.618@5289
0.500@5279
0.382@5268
Good Morning Ilango sir and friends,
Happy Trading Thursday to all.
Good Luck
Ilango sir...how to initiate JNSAR trade now???way below it..
NIFTY SPOT
From Today's Range
0.764@5255/Pending
0.618@5251/Done
0.500@5248/Done
0.382@5245/Done
Goodmorning sir and all :)
Many Many Happy Returns of the day to both of you. Nifty too "Return of the Day" Have a great day.
PS : 270 possibility again looks like..
Dinesh ji,
SSA
☺☺
Sujatha ji,
Good morning
Pedha huai toh phela kapda nappy...marenge to akhri kapda kafan...dono mein pcket nahi...phir jindagi bhar pocket bharne ki daud....kyu???
Minimum Expectation of
Projection Downside(Today's Range)
1.272@5227
1.618@5217
Maximum Expectation of
Projection Downside(From 5323-Today Low)
1.272@5210
1.618@5180
Should Break Day Low Again.
Nifty has broken support area 5270-5280 with a gap down. If sustains below 5280-5300 then short on rise is the strategy for the day.Bulls need to protect 5280 at EOD to be in the race.
Supports & Resistances for today:-
5250-5210 – Support Area
5282-5299 – Resistance area.
Current Trend: - DOWN
Possible Movements:-
1. 5306< = >5230< = > 5282< = >5208< = > 5182
2. 5306< = >5230< = > 5282< = >5299< = > 5208< = >5182
3. 5306< = >5230< = > 5282< = >5299< = > 5315< = >5346
Two best rules for successful trading:-
1. Initiate position in the direction of trend near support & resistances.
2. Max stop loss - 30 points.
Happy disciplined trading to all.
Have a nice day!
Sis, please some more on the downside then you can take it back to 270 and beyond. Been long time since we had big fluffy idlis.
sir youe EW count say upside move pending but we have broken down from rising wedge pattern which often gives sharp fall so which one to follow.
@ bizagra,
The immediate resistances would be around DLEma-HLEma.
Nifty has taken support @ the 2nd channel bottom.
Earlier lows would act as resistances..5266-73 & if has strength - 5288.
sir the chartabove looks to have a +ve divergence.
Master , i have also the same query like shivan as posted rising wedge normally gives 50% retracement
kindly guide and what to do like todays Gap down from jnsar
Regards
☺☺
PAM - hi GM :)
shr - check our "ema duo" me too booked out at low instead my original target 194. wat to do if the price showing something i hv to oblige :( no other option.. 59/72 is my target and how it's reacting is the "Q"???
Sanjaybhai & me are among those rare lucky persons, who have these many well-wishers. I bow my head in gratitude.
Thank you Master. Thank you friends & all my teachers.
Morning everyone!
Happy bday fire & Sanjay
IIP data ???
Good Morning ILango sir & everyone!
Many many Happy returns of the Day dear Sanjay and Ranajay. Happy Birthday to you, enjoy but tk cr of Saawan too:)
Dear Pam! Sunne me kitna sohna lagta hai ye Pam, thanx for loving msgs...u r really so sweet:)
good morning everybody
HAPPY BIRTHDAY FIRE BHAI & SANJAY BHAI
@Sujatha sent mail..please check at convenience:-)
@ parminder,shivanGupta,
BN shows more clear sub-waves and is the strongest. One may take a few cues from it.
Whatever patterns/ waves that appear have been mentioned which goes to show an "inflection point".
This "inflection point" would get resolved by Friday's EOD close.
By remaining objective, we have been able to clearly state the "weakness below 5320", "Harami pattern", "close below 34 Hr sma", etc. These clues were enough to "Book-out of Longs", if not creating "Shorts".
I await some OI updates to see how 5200PE is doing to understand ST strength/ weakness.
Dr Kumar,
Very good morning.
U r liking it that is of utmost importance and thanks for the acknowledgement.
Regards
Master,
Thanks for the time for ur valuable inputs.
@master
what is developing DJNSAR for tomorrow for bank nifty? thanks in advance.
Ilango sir..seems c of abc going on....correct???
today is IIP data??? at wat time?? tks n advance
anybody pls
@Ilango sir,inspite of the Index falling considerably apart from Infy no other blue chip stock or even the broader market has not reacted badly so far. In your yesterday,s post market view you have given the supports below 5305 as 5265, 5235, 5195. Considering this can I take long positions keeping 5234(todays low) as stop loss.
Dear Ilango Sir,
if you permit, after a long break, posting OI
NIFTY OPTIDX Open Interest at 10.50 -> CLICK HERE
high volume trade around 5255-56 at opening...around 17lac in nifty.
@suja
it is at 11am....if come on time.
Ilango Sir,
Theres is huge writing of 5200,5300 and 5400 calls and this is further supported by unwnding of 5300, and 5200 puts.
so it looks extremely difficult for the markets to show any bullishnes.
regards
Dear Ilango Sir & Blogmates,
OI Update at 11:00 AM
I am overwhelmed by the multitude of wishes. Thank you Ilango Sir and all Blog-mates from the bottom of my Heart...
Thanks & Regards
a/c to HA hourly last hour open low same at 5242. for this hour 5247 should protect must by bulls.
IIP @ 2.4%
http://profit.ndtv.com/News/Article/india-s-may-iip-rises-2-4-per-cent-but-capital-goods-contract-307721
@ SANPOT ,
These are minor trades, you have to use your discretion.
@ anmpatel,
BN JNSAR for 13th: 10579(approx)
Thank you sir.
IIP 2.4 vs 0.1%. market expectation was 1.8.
hi anmpatel,
hourly open low high close at 11 am is not same .
5244.45 5260.40 5242.45 5260.40 11:00 AM
hello sujatha what is 243 levels?
@ parminder
OHLC
5242.70 5260.40 5242.45 5251.93
is a Heikin ashi values. its diff from spot nifty value.
Parminderji,
GM :)
Good Morning.....................
natti - day before and yesterday i was talking abt 343 not 243 (or) did i mention anywhere today 243??? pls. correct me if i mentioned today.
If TCS also gives bad results post market Nifty might have to be admitted in ICU for some time.
@Sujata, the duo still indicate upside. Last few days bulls managed to hold 5300 quite comfortably
so for the duo to align down, today is good start
but should maintain else the 35hr-D will call for a bounce back.
@stbstb
lol...
if that need arise please admit it at sterling hospital at ahmedabad!!!
so i can take care of it.
@sometimesbullsometimesbear ...lol
Nilesh ji,
Very good morning sir.
☺
GM sir and JNFAMILY friends
spammed!!!
shr - right the due is supporting crossover comes also good breakdown also good watching carefully the no.
STB - 270 below already in ICU...break below 215 is "ventilation support" possibility to "out" from ICU can't ruled out @ EOD let us see
nice profile pic jiignesh, inspired frm dhirubhai..
PT
where ru man
its celebration time:D
DR sir
PT making bid for UB
ONGC , JP Asso, GAIL, Cairn, BPCL, Asian Paints are still with bulls...
And as usual HUL.
@PS
lol.
Kiran
todays closing will decide fate of all
Stock mkt is like cycle stand one fall all follow
sujatha,
yes. I would like to to know what are you referring to.
Dear D R Ji! Pranaam.....
PT is busy in celebration in day time, i just caught him:)
http://www.facebook.com/photo.php?fbid=3800769773829&set=a.2776120918248.2144490.1114836354&type=1&theater
@kumar sir,
good morning
Can we see a green closing today ?
DR Sir,
Tussi happy and i m on juppy,
kal short kiya hota to aaj maal lav lav bolta hota.
@sanjay sir,
many many happy returns of the day.
your OI analysis is very nice.
Week's S2 done @ 5235
@ master .. A very good elliot wave chart for infy is there on fb can i post link
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