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....
-
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...
15 comments:
Good Morning Sir and Friends...
GM Master and All!
Next Month OI still looking bullish:
http://www.niftytrader.in/nifty-next-month-oi-live/
With RSI nearing OS zone & PCR (Oct) well above 1, Nifty could be preparing for bounce tomorrow.
Day Low : 7968.30 Day High : 8019.30 Range : 51 Points Day Pivot : 7998 Hr. Pivot : 7996
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7971.
NS below Day Pivot @ 7998 & Hr. Pivot @ 7996 indicating bearishness.
Cluster support @ 7975-85 for Agressive trades broken. Next support @ 7925-40.
NS in SAH mode in Hr. T/F & in Day T/F.
Strength returns above Hr. Ema @ 8001.
SAH = Sell And Hold
dear ilango sir nifty below ...intraday suport..?
Bank nifty below week JNSAR !!!
SN
Followers of JNSAR :
Day Low : 7964.70 Day High : 8019.30 Day Range : 55 points
NS trading below TODAY'S JNSAR @ 8062.
NS below Hr. JNSAR @ 8011.
NS below Day's pivot @ 7998 indicating bearishness.
Continue Shorts initiated on 23rd Sep around 8049 with Partial booking / follow with comfortable TSL.
NS currently hovering around 7974.
Note : As Today is Expiry day Whipsaws are possible.
Strict SL is a must for all trades whether Short or Long.
Dear Ilango Sir & Blogmates,
OI Table Update at 11:00AM, Pivot-8008, S1-7966, R1-8057, VWAP-7992
Huge addition at 7900-8100CE Level, Expiry in all probability will happen below 8050, though OI still very good at 8000, 7950-8000 range for the time being…
Thanks & Regards
BANK NIFTY TOUCHING MONTH PIVOT !!!!!
SN
Day Low : 7950.55 Day High : 8019.30 Range : 69 Points Day Pivot : 7998 Hr. Pivot : 7972
NS below OK ( Octa Kilo = 8000).
Currently hovering around 7958.
NS below Day Pivot @ 7998 & Hr. Pivot @ 7972 indicating bearishness.
2nd Cluster support @ 7925-40 for Agressive trades inviting NS..
NS in SAH mode in Hr. T/F & in Day T/F.
Strength returns above Hr. Ema @ 7989.
SAH = Sell And Hold
Followers of JNSAR :
Day Low : 7950.55 Day High : 8019.30 Day Range : 69 points
NS trading a Century below TODAY'S JNSAR @ 8062.
NS below Hr. JNSAR @ 8005
NS below Day's pivot @ 7998 indicating bearishness.
Continue Shorts initiated on 23rd Sep around 8049 with Partial booking / follow with comfortable TSL.
NS currently hovering around 7963.
Note : As Today is Expiry day Whipsaws are possible.
Strict SL is a must for all trades whether Short or Long.
nifty may be close in green today
Master 5 wave completed????
@ sudharsan ,
5 completed from 8160 to 7950 yesterday.
a:7950 to 8025
b:8025 to 7951.
c.7951 to 8019-25 unfolding as a Flat.
We'll consider other scenarios if demanded by price.
Thank you Master
New Post Done.
Post a Comment