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...
19 comments:
Pin drop silence.....:):)
This up move is lacking impulsive nature.
Looks more like short covering rally.
It seems maximum option pain shifted to 6200 levels..
Bulls are in mood of celebrating Maha - Sivratri...
regards..
@ SB: ol' wise men say, better be silent, than to open mouth & prove foolishness ;-)
TISCO - low made till now 348.75 and seems still iii of c of 2 going on or over at 348.75. Time will only guide us.
Till then we can follow below retrace for the fall from 372.05 -348.75.
354.25, 357.60, 360.40, 363.15, 365.90, 367.39
If current wave is iv then, it should not go above 366.30
Day High : 6234.15 Day Low : 6202.10 Day Pivot : 6198 Hr. Pivot : 6223
NS firmly above Day Pivot's R1 @ 6219, turned support.
NS's upward momentum continues above Hr. Hema @ 6224.
Weakness creeps in below Hr. Ema @ 6220 and deepens below Hr. Lema @ 6213.
Expiry Volatility may take over Market any moment now on-wards.
6200PE added 53 lacs and now OI is 87 lacs
6250CE added 42 lacs and now OI is 79 lacs
@shriram...)) Silence Yoga....
http://www.ssy.org...:):)
dear sir plz update nifty countinu hights....given next resistance leval..
@ Sb: jus kidding,. expiry is not my cup of tea :-)
@ herry,
Waves sub-dividing is a common occurrence in 3rd waves. "sit tight"..
Weekly trend is on course of a "reversal" to "UP with momentum" unless closes below 6195 approx..
BN 20 points away from filling the weekly candle gap...
sorry 200 points away; just near lower limit of gap entry
Missed one 30-min candle, in hurry...
Was worried about mirror image formation of last expiry (3:01 pm)
For intraday, weak below: 6231.
Day High : 6240.15 Day Low : 6202.10 Day Pivot : 6198 Hr. Pivot : 6227
NS firmly above Day Pivot's R1 @ 6219, turned support.
Briefly above Day Pivot's R2 @ 6238 also.
NS's upward momentum continues above Hr. Hema @ 6229.
Weakness creeps in below Hr. Ema @ 6223 and deepens below Hr. Lema @ 6217.
Expiry Volatility on.
NS dillydallying with Aggressive Trade's Cluster resistance.
AVG close around 6236
Happy Mahashivaratri....
May the blessings of Lord Shiva be with you always...
नागेन्द्रहाराय त्रिलोचनाय
भस्माङ्गरागाय महेश्वराय ।
नित्याय शुद्धाय दिगम्बराय
तस्मै नकाराय नमः शिवाय ॥१॥
मन्दाकिनीसलिलचन्दनचर्चिताय
नन्दीश्वरप्रमथनाथमहेश्वराय ।
मन्दारपुष्पबहुपुष्पसुपूजिताय
तस्मै मकाराय नमः शिवाय ॥२॥
शिवाय गौरीवदनाब्जबालसूर्याय
दक्षाध्वरनाशकाय ।
श्रीनीलकण्ठाय वृषध्वजाय
तस्मै शिकाराय नमः शिवाय ॥३॥
वशिष्ठकुम्भोद्भवगौतमार्यमूनीन्द्रदेवार्चितशेखराय ।
चन्द्रार्कवैश्वानरलोचनाय
तस्मै वकाराय नमः शिवाय ॥४॥
यज्ञस्वरूपाय जटाधराय
पिनाकहस्ताय सनातनाय ।
दिव्याय देवाय दिगम्बराय
तस्मै यकाराय नमः शिवाय ॥५॥
पञ्चाक्षरमिदं पुण्यं यः पठेच्छिवसंनिधौ ।
शिवलोकमावाप्नोति शिवेन सह मोदते ॥६॥
A happy and joyous Mahashivratri to all...
Have a great holiday....:):) Luv..:):)
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