Saturday, November 6, 2010

Nifty ends Diwali with an "All time Highest Close" but with OB readings.

Friday, November 5, 2010

Nifty PreMarket View.

JNSAR has completed "2000" points in just 2.5 months.
I haven't tracked the Conservative trades.
Just follow a simple method.. Never look for reasons to take a position but just signals..indications.
Resolve to make money from the markets and don't let your money be taken away by the markets in a casual manner.
Everytime you look back, it looks quite simple to stay in a good trade. And if you are not, reflect on this. It is a matter of "Belief" in your own studies/ experience.
You just don't need "Anyone" to make money in this market but yourself..an educated you..an enriched you..an experienced you.. a composed you..a calm you..a prepared you.
It is always you..If you believe in these words, a calm will descend on you to take you to all the riches of this world.
**HAPPY DIWALI **

Thursday, November 4, 2010

Deepavali Greetings..

All the lights of the world cannot be compared even to a ray of inner light of the self. Merge yourself in this light of lights and enjoy the bliss of the brightest of lights. God.
- Swami Sivananda.
May the lamps of love and devotion burn brightly in your hearts
May the light of understanding shine in your minds,
May the light of harmony glow in your home
May the bright rays of service shine forth ceaselessly from your hands.
May your smile, your words, and your actions be as sweet as the sweets of this festive season.
May Maha Lakshmi bring you the true wealth of peace, health, happiness, and love.
-Get Rich Slowly.(and surely)

Nifty, joining in the festivities, makes a new high..!


Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View.



Tuesday, November 2, 2010

Nifty's uptrend intact but with OB short term readings.


Nifty Intraday Update-III



Nifty Intraday Update-II



Nifty Intraday Update-I


Nifty PreMarket View.

"Overbought" short term calls for a pull back/ correction. The way the correction unfolds will have the clues for the future developments.
Highly volatile BN too will have some pointers.


Monday, November 1, 2010

Nifty breaks out of the corrective channel.


Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View.

Last minor pivot high is "6071", a faster retracement above this would be a first minor signal...then the resistance @ 6125.
The last major pivot is "6151", a faster retracement above this would be the major reversal signal.
Hour Lead indicator is just starting from the bottom but the daily lead indicator which is more relevant is yet to show a reversal which will be known with today's close. What is to be seen in prices is the continued manifestaion of prices for the +ve div in hour time frame.
I may not be available consistently today..will try to update the TT as much I can.