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...
49 comments:
JNSAR RISE 10 POINTS.
Namaste Ilango sir and all,
Sir Month, week Day and Hour Pivots seems to be in range 5901-5910. So only a desicive move above 5910 would give more upsides. Is it any Bullish indication? -or can we just take it to be the major resistance as Nity is trading below 5900 currently?
Please read the above as *Is there any Bullish Indication?
Ilango Sir,on 60 min chart Nifty spot, RSI-14 day is showing a double bottom at 43.76 on 6th of Dec (price 5838) and 44.15 (price 5865) yesterday. Also the lower B.B is at 5870, M.B.B at 5909 and the U.B.B at 5948. Can we consider weakness below 5865/70 and strenghth above 5948 and range bound between these levels?
premium in NF increased by 10 points
Mass buying in 5900, 6000ce options, trail shorts, RSI down
Dear llango sir
As per fibb. Down move has been triggered below 5907 ?
Good morning Gurudev and friends
@ Manish, satheesh,
Pivots keep rising with momentum in uptrend and whenever prices dip below pivots after a sustained run, it gets supports and rally higher. When it finds itself weaking at an opening session without reaching R1, that would be an early indication of weakness and market's susceptibility to move towards S1 or lower.
Thank you sir.
@ SANPOT,
Do not read oscillators in that fashion; it would mislead you.
Observe them for strenth/ weaknesses or trending up/ down & for divergences.
Your levels are reasonable.
5927-5939 resistances with 5945 as negation point;
5881-88 as supports with 5877 as negation point - as per fibo table.
Nifty has done both resistances(5925) & supports(5892) close enough.
Now for some guessing work.....
Sir 80% of move from 5925-5892 comes to 5918 . Can we say move above 5918 would negate the bearish views .
smelling another new high today, is it 5977?
@ Smita,
My simple understanding was:
If bullish, the fall from 5965 to 5865 was "c of 4" and 5 should start to unfold.
It started from 5865 in an impulsive fashion in "i" but got fizzled out in "iii". Hence, ST bullish view negated.
Being confirmed as a corrective bounce, 5865 to 5925 could be "a" and a frustrating "b" wave is on, to be followed by "c" which means a high past 5925 is possible in this corrective upmove provided 5892 is held (In an irregular flat, even a new low is possible before making a new day's high).
GM Master,
Master today also on 10am chart developing JNSAR
taken. Yesterday also 2 pm chart Developing JNSAR taken I traded on yesterday on this JNSAR (5880) by creating short & carrying & when I see today ur Pre market trade table actually u bot at 5870.
I m unable to understand this. kindly explain how to trade in such situation
Good morning Master & JN family
Have a nice day !
Thank you Sir for the guidance .
Regards
Namaste Ilango Sir & all members.
Sir Ilango ji yday you had mentioned for a up move to happen 5855 has to sustain i could not understand that level kindly update thnx
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, VAH:5972, POC-5918, VAL-5898, WPOC:5946, Pivot:5943, VWAP:5939
After a huge volatile day of yesterday, it’s a dull day of trade with not much aggressive writing by either party till now…
Thanks & Regards
GM sir nd all :)
Rajini awards goes to "oscar"
Twitter follows "rajini"
Shiva - Mera "trishul kahan hai"?
Parvati - rajinikanth legaya
Shiva - kyun??
Parvati - "Maggi"Khanne ke liye
why market not moving either side - Still "rajini" didn't give any "instructions" to mkt
Rounding Bottom on Goo-fin 5min candles..
can seek 5960 ...
October IIP at 8.2% vs Estimated 5.1%.
Is this news is capable for a new High today, anyway longs trailing just above buy price, will hold till EOD-do or die, no loss or huge profit- that's it.
The Index of Industrial Production (IIP) for the month of October likely expanded at a robust 4.9% versus a contraction of 0.4% in September says an ET Now poll. The consensus range of the poll stood between 1% to 7.5%.
@ Master,
Thanks for your teachings again.
@SMO
5960....yummi...
is there any reason other than JNSAR, to hold last lot??
will market remain like this till rbi meet, 1 day up 1 day down?
@ ANMP:
Strength of pattern, not Evidenced ...
may be converting into a CnH , who knows ? :-)
why suddelny IIP at 8% double the market expectation. because they want retail/ news followers to buy now, so that they can distribute, in a bull market, this kind of news should have given 50pt rally, but not even touching day high,
ha ha , remembering the past how i used to buy on good news only to huge losses :)
shriram, do you see this as rounding bottom, forming at this high level ?
I was seeing it as trying to make 61.8 retrace of yesterday fall and failed, and gave back 50% and retried to go above days high , now only time will tell whether is a RB or DT in small time frame
would be good if a H&S forms, ha ha
BN weakening now below 34 hour sma at 12338.
Regards master
Hi chetas,
Intra 5mins pe jaise dikha vaise likha re baba :-)
its invalid now... bulls ahve to protect 5896 & try to form a INtra day CnH ..
below 5896, we may be finishing 4.c as an Expanded FLAT min 5864
And all these r Bullish lables, the main Bear lable will activate below Wk EMA @ 5820 :-P
N ram sir,
Any view now on nifty & BN
@Ilango,
the lead Indicator (14D) has spent aabout 9-10 days in OB region and is ready to come out of it by today itself or tomorrow.
the moment it happens, combined with JNSAR Short trigger, it will be a really scary scenario for Bulls. Clock is ticking..
@DR sir,
12.12.12 and 12.12
Hello Sir, If we see the market performance of Nifty since one year before last general election (2009), It was total bearish. Although there were some other triggers like Lehman Brothers, Satyam etc.. Do you see such things forming in terms of technical? PLease reply when every you are free.
I am sorry if I asked irrelevant question.
Thanks
Tushar
Sir 5 waves done from 5921 - 5885 ?
a bullish WW may develop in nifty charts
nifty may move up till 5905-08 range and then may drift down again for lower lows near 5875(pt5) near 1.45pm and then will move up again for trgts abv 5930(pt6) till tomm
NF premium increasing
12.12.12.12.12.
12-12-12
12:12:12
12:12:12 on 12.12.12, Sau sal ka ek mahan pal.
12-12-12
12:12:12PM
Dear Sir,
JN SAR triggered should we go short now...
S4s,
do u see a Bearish WW forming >>?
abhinav
today JNSAR 5878,
only tomorrow5888,
Ilango sir what is the ideal stop loss 2 hours low or 3 hours low?
todays game is in NF premium,
New Post Done.
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