Financial Jungle..?? Kids Stuff..!!!

When I am directionless in any aspect of my life, I take the books of my Kids when they were in LKG & UKG and try to recollect those parables taught during my 1st std.

Unfortunately the things you really need to apply in your life is taught so early in life and so much garbage is taught subsequently that the Gems have been buried deep in our minds and they are not recalled when you start your life in the real world.

So you end up taking life in a complicated way..your relationships, your work & business and even your spiritual life. It is never a simple matter. Too much discussions..too little actions...too much searching...too little living.

As humans have evolved, Some have learnt this art of leading a simple but clutter free way of approaching life but unfortunately many have been mislead by the well intentioned parents and teachers to lead a much complicated life.They are preparing the kids for a future battle with the weapons and techniques used in their past not allowing a creativity to blossom in those budding minds. Nothing is simple for them. Mericifully you get a "Kalam" to ignite those young minds.And they complain that the new engineers lack practical skills.?

To reach GOD, only rituals are important these days and the supertitious have gained monumental proportions and bearing a pure heart is no more relevant..They started many rituals in the early days to bring people out of their homes to closer to GODS but the relevance is lost in modern days.And they are still searching for the GOD outside in cities, in states, countries and in galaxies too.?

Similarly people copy other successful businesses but without the spirit of service, it ends up a failure. In relationships the heart is given a go by but etiquettes, deals & gifts and all the rest are occupying with too much noise.And when it fails, they will complain..what went wrong.?

As long as this searching outside goes on, there is no salvation for any. You have it in you. It is not difficult. You try hard, you will chase it way. Just be..Allow that to happen to you..And beleive me, if you are sincere and honest in your approach, the way will appear before you miraculously..Yes..miraculously. But you must keep at it with just the right amount of pressure, patience, perseverance... the door will open to you.

My critics are fond of these simple but most effective charts..one loves the "averages" and she is great at it and the other swears by the "Macd" and he has mastered it and he never trades against it.And these are very simple and the most basic of technical analysis. And this critic is fond of EW labelling only with an macd chart. So simple...so effective..Check this one. It can't get simpler than this.
And remember they combine different time scales to get the most effective application.
Best to you.
MACD:-

AVERAGES:-

Nifty trending up within the channel despite "Overbought" indications..

As weekly technicals are improving, use weaknesses to buy into the market till 2950 is held. This support will be rising as the days go by.
Nifty sold off at the last hour but kept within the channel. Break of this channel at 3035 may initiate short term weakness.
Trading above 3075 may signal a weekly break out of a descending highs.
Overbought stocks have corrected today and some Pharma/ FMCG stocks(Defensive) have gained today suggesting a halt here. Let us reserve that judgement to Monday's price action and trade accordingly.

Nifty breaks out of the January range above 3000 on the 1st day itself..!!

Nifty breaks out of the January range(2650 - 3000) on the first day itself.
If the correction from 3110 to 2813 is the correction for the rise of 2570 - 3110(540 points), a very good upside is possible.We will follow it one day at a time.
Presently the 5 DMA & 25 DMA set up suggests a fast rise.
As the very short term is overbought, there might be a consolidation around 3020/30 - 3060/70 area before resuming the uptrend.
We will continue to watch the channel supports presently at 3000.
(An alternative view to be kept in mind: Nifty can consolidate between 2800 - 3100 before making a major upmove..So watch its status at 3085 - 3110 area)

A classic example of market behaviour can be understood by following the Satyam Saga....Before the bad news hit the mkt, Satyam has fallen in a very short time from 500+ to 220. On the break of the news it kept falling to ridiculous level of 115 on 24.12.08. Since then, it has rallied from that low of 115 to 183 now. Same goes for Market too.. By following the prices, you can make money even if you miss the tops and the bottoms..No Econmist or a fundamental analyst said decisively what was wrong with the market a year ago but the prices did so in Jan.08 and the bad news came later.

I am not calling a major bottom here..I just want to make money and leave the "Hunt for those bottoms" to CNBC & others who need to tell stories whole day..I must admit here we learn a lot from these business channels..Take the facts and leave the froth..

I wish everyone a content and successful days all through this year and more.

Nifty holds above 2930, correcting with lower volumes.to trade 2900 - 2990 before a decisive move.

Nifty has commenced the correction for the upmove from 2813 to 3003 promptly today.
If 2880(50 DMA) & 2905 are held, further upsides are possible as the rises are on higher volumes and the falls are on lower volumes.
As the 25 DMA provided the critical support on Monday at 2813 which is a rising average, keep that 25DMA as a critical support(2867 for today)

If you work hard on the study of individual stocks, the chances of outperforming the Nifty is very high as Stock picking will continue to play while Nifty will be in a larger corrective phase for 9 to 12 months period.(Rotation/ Churning of portfolios by funds will offer very good spreads especially when the stocks are "Oversold".

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WISHING YOU ALL A VERY HAPPY & PROSPEROUS NEW YEAR.

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Nifty resisted at 3000 & correcting..to 50&20DMA (2890)/ 5 DMA(2930)..??

Nifty has managed to close above 5 DMA comfortably. Now to hold on to that gains..

There is a minor negative divergence in the 5-minute chart that has triggered the last hour fall. Now if the supports at 2930 or 2900 or 2890 is held, there is a likelihood of this uptrend continuing.If world mkts are good/ flat, 2930 should hold.

Any weakness below 2890 will result in selling towards a critical 2830 level break of which fall will accelerate.

So allow the correction to find its bottom for buying into.

Presently, daily is in uptrend and hourly getting into +ve area. As long as this set up carries on, no trouble for bulls.A December month close & a year close tomorrow.

Nifty bounces off the channel bottom at 2813, heading into resistances ahead at 2950-2985-3005.

Nifty has bounced off the trendline (Connected by 2253 & 2503)at 2813.
The quality of the bounce and the hourly technical setup as it clears the resistances ahead should guide us in deciding on the direction.

Daily technicals on the verge of turning up and it requires a firm close above 2940.
Volume, which was declining since the 3110 top reached lowest on Friday and the same has increased but requires a follow up buying tomorrow. As usual, Metals have started the rally.
A likely consolidation around 2900 to 2950 may take place initially before further upmoves towards 3000.