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...
61 comments:
JNSAR triggered but did it trapped bulls this time????????
@CDG,
a sudden move of 58 pts from 5650 to 5708
may give counter pullback/rangebound of 30pts
several times.
it should not hit 20pts sl several times in a day.
and no idea about higher level targets
someone have clear picture about 5700+ targets?
mostly i am bullish this time i have no idea...
any experts advice ?
There is a good possibility, this rise could be the 5th wave...as long as "5674" is not breached.
Thank u sir
ilango sir..u talking abt 5th wave on daily chart??
Reposting:
Nifty 5800 call Intraday change -10 lakhs and 5600 put change +18 laks.
Does it mean that all 5800 call writers have shortcovered or all long positons in 5800 call has been liquidated? how to read it?
sanjay ji, mynac ji, -any option experts please explain??
small range happened in morning which was base formation
again low range trade happening at days high
is it top formation or base is moved up for another 50 pt move??
PSC still holding....
jai hind master dr sir n all
nifty is making critical high and low in 90 point range multiples..i.e 90 and 180 pts
5635-5725-5815
5815-180=5635
5635+90=5725
5725-90=5635
now 5635+90=5725+90=5815
@ bizagra,
Yes..as per the below ink recalled by "Satheesh".
http://tradeinniftyonly.blogspot.in/2012/10/nifty-pre-market-view_12.html
@CDG - shhhhhh done wrong trade ..fingers burning need burnol :( :P 12 pm candle is good this hr 87/73 comes will exit @ cost.
sir - JNSAR + 20 policy in action- i mean still in short side??? tks n advance
@PS
i long at JNSAR 5686, should i use sl of same of 5666? little bit confused.
thanks.
@anmpatel
thats logical
Ilango sir..wht made u think so that is can b 5th?? is it that indicaters are getting oversold??or is it the moving out of this corrective trendline??thx
Piyush - reply for me too - strucked is JNSAR short too???
patel ji - good day turns bad day for me - wishful thinking - it should be bull trap :D hehe 30 min. SSTO/FSTO bulgy like berger
today eating prem of 5600pe...may take it down to 5 levels
tomm will be turn of 5700ce
suja,
u r my senior
http://www.14gaam.com/Image/pranam-namaste-hands-gestur.jpg
what can i advice u. 5715 is previous pivot high. if that is not crossed we can go where we came from
dollar still in green
will it hinder the growth of nifty today??
Dear master
Can we trade in "Options" using the Pivot method other than the JNSAR method as explained by you ?
@Sujatha
me book loss in short..
personal advice is you to book and go long with SL of 5666. i am also little bit anxious with JNSAR whipsaw but when trend change no body knows just staying with trend with small small loses.
thanks.
anyone with retracement values of todays rise
thanks
@ bizagra,
If it doesn't start this week, then the week TA could turn down.
It could still continue with the "corrective patterns" discussed earlier.
But the most important indication came from "Daily lead indicator" turning up, though only EOD prices would confirm it and hence the intraday SL mentioned earlier.
Option experts - please reply !!!
strong unwinding in 5800ce
strong addition in 5700pe
inka irada 5800pe ko zero karne ka hai kya??
if ns trgts 5815 gain then 5800ce will be near 50
Dear Satheesh,
Though not an Option expert, my view is that today's short covering of 5800 CE is 10.64% or 11.53 lacs as of now may indicate that booking profits. But need confirmation @ EOD.
And the diff between 5600 pe to 5800 call is now 66 lacs.
As Master notified, if 5674 not breached EOD then 5th wave may give upmove.
Dear Master,
In Mins chart, NS is just around 9EMA,below Trendline, Shochastic is OS, MACD -veDiv.
Is there a good chance for a whipsaw for the initiated LONG.
Sis
87 or 73?
aaj kya nifty ji both side bramhan(journey) karne ke mood mai hai?
@Master n All seniors
I may not be ready to comment. I just wanna know. No offence pls.
And in Pre-market view, Sir has mentioned that "Above 5670 - 5Dema Strength - ST UP"
Dear Ilango Sir & Blogmates,
OI Table Update at 1:00 PM, VAH:5677, POC-5666, VAL-5655, WVAH:5727, Pivot:5670, R2:5719, VWAP:5718
Nifty moved around 5700 and the CE writers of yesterday in trouble. Now 5600PE OI at 1 Cr and Nifty at mid point of 5600 and 5800…
Thanks & Regards
Piyushhhhhhhhh jiiiiiiii - pls. no kidding pls. i missed one good upside round :(
dr ji - aaaaa not upside that was downside nd done 687 hr close below 694 nd @ 94 is cat on the wall chances for bears too again let me see + now again it may show its clour 681 to 94 means??? abv 707 is the game for bulls. wish to see Mom again
Also Hrly Regression Channel drawn from the High of 5815 to 5665, had the middle line support @ 5665 and base line support of descending triangle @ 5635-37.
@ prabakar Sir
Sry I couldn't get ur post. Can u explain me if tym permits. TanX
strong resistance at 5704 for further upmovement....
Can any body give fibo nos for intraday??
@suja ,
whenever nifty moves 50 points u make 40. it ok if few u miss 1-2 move out of 10 moves u take. u shud not be very greedy :-)
Husband - Tum mere sath naukar ki tarah
behave karna cchod do ,
Warna?
Wife - KYA ....... ????? KYA WARNA.... warna kya?
Husband - MAIN DO---CHAAR GHAR AUR
PAKAD LOONGA......!!!!!!!
@Atharva
5651 to 5708 -
5695, 5685, 5680, 5673 & 5662
Sir this hrs open and low is same for bank nifty spot at 11495.90 in 1 minute as well as in 5 minute candle.
mr. Raj thanking you
Initial short coverings took nifty above 5700 in a few minutes, nifty thereafter allowed further shorts to be created side by side the profit bookings,dropped temporarily below 5700, only to take off towards 5750. JANSAR will trigger today on a closing basis, forcing all to hold longs.
When nifty is bullish, add longs on every dips. Hold short only for a short time, and be on long side most of the times.
@Ilango.its so frustrating..hourly charts are showing divergence.....bearish gartley in place.......still the market is rising......sometimes it shakes the very faith in any logical study of markets....
@Nifty Samba, this thing typically happens in 4th wave ...the corrective phase.
BN making higher highs
will midcap and nifty will follow??
Thanks Prabhakar.
@ Nifty Simba,
Refer our "JustNifty TA" file uploaded yesterday in JN group.
Hour charts showed +ve div and market has risen and it gives us tremendous confidence & faith in following TA.
Even the CT pattern has produced between the boundaries.
Where is the frustration???
However, the preferred 9 day rsi hasn't shown the reversal yet.
Hence, remaining cautious.
However, the preferred 9 day rsi hasn't shown the reversal yet.
sir do u mean it closes above trigger line
@Ilango sir,pardon my rebuttal.......Bank Nifty hourly charts are continuosly in negative divergence wrt 9 rsi amibroker charts......i will post it to the group today....hence my query :(
5724ns on sir?
6 min. left for 2 pm close need - 10 pnts will it
@master
at which price close we say 9rsi reversed?
thanks.
Dear Parminder,
Your help needed again at this very important juncture. what could be the 9-RSI value if NS closes around 5700... Any reversals seen there???
by 2.30 pm 5724 ns and in last hour 5779? ha ha - wishful thinking on my part :-) but JNSAR is up so.....
@ Nifty Simba,
BN could not have -ve div as the prices were making lower highs.
For -ve div to appear, prices must make HH while the oscillator makes LH.
BN 9hr rsi gave a buy for the open as per our BankNifty TA file in JN group.
more time nifty take to breach todays high...more it favours to bears...
New Post Done.
master thanks for teaching
and promptly comennts
Refer our "JustNifty TA" file uploaded yesterday in JN group.
Hour charts showed +ve div and market has risen and it gives us tremendous confidence & faith in following TA.
Even the CT pattern has produced between the boundaries.
Where is the frustration???
October 18, 2012 1:34 PM
u are a true mentor
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