A Reason behind man's quest for riches....the Woman..!

Man's greatest motivating force is his desire to please woman!
The hunter who excelled during prehistoric days, before the dawn of civilization, did so, because of his desire to appear great in the eyes of woman. Man's nature has not changed in this respect. The "hunter" of today brings home no skins of wild animals, but he indicates his desire for her favor by supplying fine clothes, motor cars, and wealth. Man has the same desire to please woman that he had before the dawn of civilization. The only thing that has changed, is his method of pleasing.
Men who accumulate large fortunes, and attain to great heights of power and fame, do so, mainly, to satisfy their desire to please women. Take women out of their lives, and great wealth would be useless to most men. It is this inherent desire of man to please woman, which gives woman the power to make or break a man.

The woman who understands man's nature and tactfully caters to it, need have no fear of competition from other women. Men may be "giants" with indomitable will-power when dealing with other men, but they are easily managed by the women of their choice.
Most men will not admit that they are easily influenced by the women they prefer, because it is in the nature of the male to want to be recognized as the stronger of the species. Moreover, the intelligent woman recognizes this "manly trait" and very wisely makes no issue of it.
Some men know that they are being influenced by the women of their choice—their wives, sweethearts, mothers or sisters—but they tactfully refrain from rebelling against the influence because they are intelligent enough to know that NO MAN IS HAPPY OR COMPLETE WITHOUT THE MODIFYING INFLUENCE OF THE RIGHT WOMAN.
The man who does not recognize this important truth deprives himself of the power which has done more to help men achieve success than all other forces combined.

From.."Think and Grow Rich" by Napoleon Hill.(Don't miss this book.. available as e-book)

"HAPPY VALENTINES DAY".

Nifty ends the week high... ahead of "Vote on a/c"(Budget day)

Post Budget..mostly markets have fallen:
a) If it rallies up on expectations, traders sell on news or Bulls do profit booking.
b) If the budget is populist or bad, Delivery based selling & creation of fresh shorts.
So in either case, the fall is due.

Except for a dream budget presented by Mr.Chidambaram in 1990's, Markets have mostly fallen post budget.

Technically we are in uptrend in both Weekly & Daily. However, as per EW, we may be close to the termination of the 5th part(e) of the Triangle. On completion of this, look for a faster retracement of the last segment of the rise to reverse the trades. If US fall continues, this fall can happen on Monday itsef. Till then & till 2887-2840 is not broken, trade longs on every dips. For most aggressive traders, breaking of 2933 may be taken as a short term sell.

Tomorrow is "Valentine's Day"...whether it is from west or east, it is a day to celebrate "LOVE".
For all those hearts filled with love, May this day brings you more closer and
For all those lonely hearts, May you find your true love.

This machine runs on "Just Love".. Happy Valentine's Day.

Nifty trades within the channel, holding out many options..!!

Simply trade the channel tops & bottoms...Two days of up moves followed by Six days of corrections & again after two days of up moves and so far 3 days of corrections on..

2820 is the critical 20DMA & the channel bottom.
2918 is the 3 dma & the likely resistance during this corrections.
2855 is the 10DMA which might offer minor supports.

Use the cues from the world mkts and trade those small points till 2820 is broken decisively(for tomorrow) or 2980-3050 targets are achieved. I would buy near 2855 & 2820 as per intra TA and then sell near 2900& 2920 till the next big move happens.

US markets are closed on Monday for "President's day".....Indecisive till then..?

Nifty corrects the "OB" in hourly & resumes upmoves..

Nifty has absorbed the huge sell off in US mkts, stayed above the critical 2860 mark and closed in the green.
There are some pattern similarities (Fractals..!!) in the day chart (Earlier one worked favorably) and they point to upsides ahead.
"OB" hourly got adjusted with intra day dips & the gap down. After some +ve divergences in the 5-minute chart at 2871, Nifty rallied on comfortably.
100DMA is fast coming down and likely to be at 3050 in 2-3 days.
There is also a possibility of a Inverse H&S pattern which has a targets in the area of 3050-3100.
Weekly & Daily trend remains UP.

Nifty continues up with intra corrections..ahead of US bail-out voting.

With intra day corrections, Nifty has kept its upward moves intact.
There are "OB" readings in very short term but no such factors are visible in daily.
Basic minimum requirement for this "e" wave is complete and hence Nifty can do either side moves from here on. ( It can go upto 3050-3100 or break below 2860 and reverse the trend).
Technically it is in uptrend and only a fall below 2860/2840 will invite heavy selling.

Hourly channel was broken today. However, the daily channel is intact. Higher number of shorts have been keeping this market buoyant thus far. One needs to check the exchanges to verify the delivery % to know the sustainability of this upmove.

VIX - Fear Index....Read it completely

Here is a more comprehensive way to read the VIX index that avoids false signals.

Here is another way to read the VIX charts.

And I have found on many occasions that the prices break a trendline and the VIX changes direction simultaneously. VIX has not given advance indications but confirms a trend.

If the break out from a trendline in VIX charts a few days ago is an advance break down, then that should result in this upmove terminating in the next few days as the last leg of "e" wave of a triangle or "g" leg of a "Bow tie diametric X" and simultaneously VIX moving higher above 50 mark. Till then trade this short term trend.

I will exit longs near the channel tops partly and the remaining at the break of the channel.

Nifty trending up in its "e" wave towards 100DMA..!

Nifty's short term decisively turned up on Friday and this upmove has 2962 -61.8% & 3050 - 80% retracement to the previous fall of 3147 to 2662.
As Nifty has cleared all the short term averages, it has the fast falling 100DMA as the next target.
As long as Nifty trades above 2850-2860 levels, this upmove will be safe.
Nifty's stability will depend on the US markets.
Weekly trend is UP & Daily trend is UP.