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...
29 comments:
NIFTY OPTIDX Open Interest at 12.25 -> CLICK HERE
@ Prabhakar- What does BoD stands for on the above sheet?
BoD=Begining of Day
Bounce is in till MP Crisis approx around 5180-5197
@Kiran Thank u very much.
On 5 min Nifty chart- PSAR is green and below the candle, S & F Stochastic are in uptrend from 20 level. Does it mean that a bounce is expected shortly?
Dear ILango Sir!
Nifty weekly & monthly JNSAR hit today so can we expect big down move ahead?
aaj nifty chamatkar kiregaa
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, MPOC at 5124
Thanks & Regards
@ Kumar Technicals,
Settlement would end weak based on OI/ TA(Day).
Global cues are helping them too.
A close below 5173 on 31st Aug would indicate major moves down.
Till then the possibility of holding one of the retracement of 4770-5349 @
5060 or 4991 exist.... though the confidence in such a view is diminishing.
Markets would surprise us just when we "give up on a view".
Weekly trend has just turned down and it would go min. 20-40 points below its LEma.
Also 5095-5100-50sma/200sma would decide the big moves...if confirmed on a closing basis as well as a follow up. Expect a tussle @ 5100. If no tussle, then the bulls have given up.
@ Sanjay Sir,
Could you please share what MPOC means...please ignore my ignorance:-)
5130ns..near 5129 supp
is it right time to buy for intraday??
if yes SL plz
@ ilango Sir,
considering OS hourly..is it good to part book here or wait.
Thank you.
sir
will it be july or aug, i guess u were referring to month ema
@ Piyush Sharda,
Thank you for correcting:
It should be read as
"A close below 5173 on 31st July would indicate major moves down."
Dear ILango sir!
Thank you so much for detailed reply.
@ puravi ,
Our pre-market support zone for the day is @ 5125-35.
There could be only "minor bounces". 5100 would be a major support and only if "5100" breaks decisively, there could be further downsides towards 5050/4995.
Week/Day trend favours it.
If part books, remember to re-sell till settlement.
ilango sir
where to resell?
my pleasure sirji
Thank you Sir, Your words are bringing focus & clarity to the thought process along with self-belief.
Thank you once again!
bounce aye namah!!!!
@ Sujatha
Bounce aye Namah (108)...TG that I can prepare to...:-)
@ vksoni,
Ideal place would be HHEma or DLEma.
Thank you sir
http://www.youtube.com/watch?v=7iRdzHQqrC4
Nilesh Bhau...Ati Chaan!!!
AAJ Somwar..Rudra Abhishek cha divas
Ho na Puravi
Nilesh Bhau :-)
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