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...
53 comments:
Friends today is expiry and lets have a contest here.
August Nifty Expiry Guessing Contest.
The rules are simple- There are only 3.
a) Just call out the series close for august.
b) No wild guess. A reason is must. Everybody 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 entry between 9:15 to 2:30, hurry up
Seniors plz contribute.
Respected shreeram sir is it an 3 (iii)(ii)subwave dividing into abc pattern if 5348 is not broken on the upside we should consider 5348 level as a is done pls guide
@ Sourav Kundu,
Worst markets have been seen during 2000 when regulatory system was in nascent stage.
For eg: Stock like Wipro was on a continuous lower circuit for more than 10 or 15 days.
People who did not follow technicals did not get another chance to redeem themselves.
These are different markets, more technically advanced that "horrors" can still return in different forms.
Disciplined approach will guide us almost in 95% situations, leaving 5% to unforeseen events.
Good morning Ilango Sir and blogmembers.
sir & shriram ji support for gold bees
GM Master & JN Family,
have a gr8 day !
@ Dharmu:
request u to direct mini-degree EW queries to Master.
BECOZ I HONESTLY DONT KNOW THE CORRECT LABLE (it is "A" or a ZZ done, or a new 5wave ?)
Am more interested in knowing nature of Retrace from 5119-5348.. rather than getting stuck on lables
Almost all september nifty calls are having higher premium. What's the reason ?
respected shreeram sir would u pls guide on nature of retrace which is presently going on sir i m a learner want to c present clear picture with study supporting it thanks sir
HI Firends,
In case you have come acros any articles which explains the below it would be helpful fro me to read:
1. What are all the measures that RBI takes to stem the rupee slide?
2. Why do FII sell when the ruppee depreciates & how are they benefited from it?
3. How does selling dollars in open mkt by RBI affect the rupee?
Sorry, if I have asked any trivial questions.
HARD DATA:
1.Looking @ OI
52PE OI super stable.. 54CE OI stable too
2. St.5DEMA- Dev.WkLo combo @ 5360-68, 61.8% of 5529-5119 @ 5372 may Resist
3. Dev.Dlo, 34EMA,30m @ 5306-04 is the support
4. Hr TA is OB
Simple Eyes:
Fight centred around 53 strike for now... Possible winding "B" today ?
@ Gaurav: GB TSL - 5DEMA @ 2959 EOD basis
I guess Bank Nifty showing the way forward - formed a pin bar on hourly charts:
open: 8897
high: 8958
low:8793
close: 8803
respected shreeram sir thanks for ur insight by explaining hard data
Considering the current Turmoil @ DALAL STREET,
our Stock Exchange has revised the following terms:
BSE :- Bombay Se Exit
NSE :- Nation Se Exit
F/O :- Future Over
NIFTY : No Income For This Year
FII :- Fraudulent International Investors
HNI :- Has No Idea
PMS :- Pre Mediated Scam
SIP :- Suicide By Investing Patiently
EBITDA :- Exit Before It Tumbles Down Again
Manmohan Singh to write an autobiography titled "5 Mistakes of My Life" : 2G, 3G, Sonia G, Rahul G & Rahul ji ke Jija G!
Master,
Ur critic has to be a Clairvoyant !
NS playing Perfect per script thus far :-)
Dear friends
Sorry for asking a query outside of market in market hours but could anyone please tell me if Bangalore metro is operational.
http://bmrc.co.in/routemap.htm
I need to visit tomorrow and was wondering if booking a cab is more reliable..
Waiting desperately for an answer.
Thanks
Yash
Thank you sir for sharing your experience. This last one month as been catastrophic for my portfolio... the only saving grace is F&O trading and TCS.
Why september nifty calls are having high premium?
@ Nifty rider,
5G, good one :))
Buy and Sell Nifty...huf..:)
When VIX increases all the price of options increases.
Yash & Dhan,
metro is operational in bangalore but not useful for visitors becuase it is operational only for a short distance from Indiranagar/Byappanahalli to MG road. It is still in nascent stage.
it is better to book the taxi - depends upon your travel plans
Thank you NSB,
I will better book a taxi. The information is much appreciated. The map had it marked but I was not sure if it was correct.
Thanks again.
yash and Dhan,
so many phases yet to be operational, only 5% of the planned stuff is operational - as of now.
dear anand how u r reading the move of 5348 in hrly chart as per now
@Shriram,
In GB,
Is it wave-4???
My Expiry Guess is 5207, The Golden Ratio of yesterday's low of 5119 & Today's high 5349
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-5239, S1-5159, R1-5369, VWAP-5319
Based on Option Table data, probable expiry range is 5200-5400, with the respective writers hoping to get the maximum, Volatility to decrease going forward…
Thanks & Regards
my expiry guess is 5368ns levels
5dma and coincidentally its also lo wk ema
possibility of a -ww developing
ns cmp 5329
may move up towards 5360ns to form pt5 and may again dip towards 5325 near 12.30noon
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Regards:
Indian Stock market
@ S4S:
read the -WW mind ,
Another WW forming from ysdays B.down level as pt1..but then how will we get expiry near 5368 ?
1-4 may show 5300-5280 ? :-)
@ Prithvi: No way to know A-priori, pl join pts "Suspected 0-2" i.e 2377-2591 .. the TL breach will say more
The crack in Tech stocks in 2000 decimated a lot of traders. Stocks such as Himachal Futuristic, Global Tele, Pentamedia, Silverline, DSQ fell 90-99%.
In early-2000 stocks first fell 70% and promptly retraced about 50% of the fall. and fell again. People screamed,"Double bottom". Then stocks moved sideways for a few months. People said,"Base formation", "Inv. H&S" etc. and bought. In 2001 all the Tech stocks fell to 90-99% off their all-time highs. EW practitioners were not that "visible" in those days. Imagine if we had JN - small investors would have been saved.
Note : At that time Banking stocks were in single digits as NPA's were 10-20% !
Moral : Keep a SL at whatever level you are comfortable with but do follow the SL and exit. This volatility we are witnessing now pales in comparision with the one in 1999-2001.
Sorry for this lecture during market hours.
my expiry target is DLEMA 5283
Master,
small guidance sir, BN super weak, esp this rise ..
how r u seeing it pls ?
@ S4s:
Wot bout the +WW on Day TA?
1-4 tgt is 5500 for that pattern.. but needs to take out 5372 NS
Expiry target @ 5275 ... a close below day low EMA , since the major trend is down.
Anandam ji,
Dhanyawad apke lecture ke liye, waise EW 70-80 saal se hai. 2008 me jarur sare EW analysts active they par unitech/suzlon jaise shares me kyun nahi bacha paye. 450-550 wale shares 5 aur 15 me rah gaye hain. Isme EW analyst kya karte, retail public ko fast utaar charav wala share hi achha lagta hai aur wo usi me fansta hai.
@ vksoni
Expiry Guess
5455
Rising Trend line on 15-min chart.. Lower line touches 5455 around 3:00 to 3:30.
Goodafternoon master,
Expiry Guess 5315 the trend asserts itself and Nifty to close below 21hr sma.
Good Morning Master and friends.. have a great day ahead!!
My Expiry guess would be 5329, reason: Bulls will try to close above the pivot ( Upcoming week )
From timing perspective, the downfall from 5529 to 5119 took around 2 days and the rise from 5119 has completed 1 day with approx. 50% retrace. If the market has to fall it should fall now otherwise we may be looking for higher retraces
-WW seen on NS, 2mins
if 5360-68-72 resists,
may see a dip via 1-4 to 5325 NS, now
Jnsar at 5396
Seems everyone is waiting to short at 5372.. :)
@ Shriram
Point 2 is below start of wave 1 (i.e. point 0). Can it qualify as WW pattern ??
Am a learner !!1
possibility of a -ww developing
ns cmp 5329
may move up towards 5360ns to form pt5 and may again dip towards 5325 near 12.30noon
August 29, 2013 at 11:09 AM
i guess now ns have made pt5 near 5366ns
may dip towards 5333 again near 12.45pm
@ RS:
pl see this?
1: 5334
2: 5303
3: 5345
4: 5329
5: 5367
1-4 comes to 5325 NS ruffly...
@vksoni
My expiry quess is 5388 based on voltality.
Mukesh Honest said...
..retail public ko fast utaar charav wala share hi achha lagta hai aur wo usi me fansta hai.
August 29, 2013 at 11:32 AM
retail investor, whenever gets 1 Re from a succesful trade he forgets about losses worth Rs 10.
Gambler mentality ka shikaar hota hain / drug addict ki tarah behave karta hain.
@ Ilango Sir,
Would it be a good idea to Short here considering month and week both are in a downtrend ?
And as mentioned by you NS is near the golden ratio of last fall. Also tomorrows JNSAR is 20-25 points away.
Kindly advise!
New Post Done.
@ Shriram
Thanks
JNSAR 5398 has come
expiry in favor of bulls
?
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