Copying the teacher...Look within..search ends.

A disciple who loved and admired his teacher decided to observe his behaviour minutely, believing that if he did everything that his teacher did, then he would also acquire his teacher’s wisdom.

The teacher always wore white, and so his disciple did the same.

The teacher was a vegetarian, and so his disciple stopped eating meat and replaced it with a diet of vegetables and herbs.

The teacher was an austere man, and so the disciple decided to devote himself to self-sacrifice and started sleeping on a straw mattress.

After some time, the teacher noticed these changes in his disciple’s behaviour and asked him why.

‘I am climbing the steps of initiation,’ came the reply. ‘The white of my clothes shows the simplicity of my search, the vegetarian food purifies my body, and the lack of comfort makes me think only of spiritual things.’

Smiling, the teacher took him to a field where a horse was grazing.

‘You have spent all this time looking outside yourself, which is what matters least,’ he said. ‘Do you see that creature there? He has white skin, eats only grass and sleeps in a stable on a straw bed. Do you think he has the face of a saint or will one day become a real teacher?’..........By Paulo Coehlo.
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We admire a lot of people in the public eye, sometimes people think if they studied them they could be like them.Don't you spend all your time looking outside of yourself as your own truth is far more important than any others'. Allow others to follow their truth , have your own beliefs ,be your own legend .. I think we can learn from others, but you can never be me and I can never be you ….Every one's truth is inside of themselves .Most clash over the supremacy of each one's truth in vain. Let each one's truth be....
Unfortunately packaging, branding of all & sundry including spirituality have taken last few generations into its fold that people see less of the content/ truth and more of the gloss/ exterior.
The most important thing is to look within and evolve. From that we go on.
We try to see inside of our own soul - to find this light, to find this love.This love - this light - God - will guide you, will take you places you would never dream of having.
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Nifty bounces from the lows of the day after 3 days of correction..

None of the world mkts made new highs post 11th May..!!

All that world markets did while India broke out big time was to make a lower high, suggesting a correction to the entire rally from March.09 may have commenced all over.
There is a slimmer of a hope of a "5" th up in world mkts and for that to happen they should find support near the recent lows. Simple channel breaks suggest a larger complex correction for many weeks.
In such a scenario, Nifty may trade in a very broad range of 3700 to 4500 (+ / - 50-100 points) in the coming weeks.This is not to suggest a straight down to 3700 but only to point out to a correcting scenario.One cannot ignore a strong supply zone of 4500-4600 area.
A weekly close @ 4200 or lower will give quite an ugly bearish weekly candle. A close above 4300 will keep the bias to Bulls.A bearish looking weekly candle will have a gravestone doji as well as Island reversal possibilities for the coming week.
Nifty was holding back while world markets made new highs owing to election results and post event it overshot the channel.
Now it will fall in line with the rest of the markets and start to trade inside the channel and there will be bounces during the corrective phase.
A bear rally can end abruptly without any warning..There is no follow up buying after the highs...
Now that the event is out of the way, Correction is the only possible scenario.

Alternate view: If Nifty is able to sustain above 4070-4170 area, it can attempt another high. We will get those cues in the coming days.

Trade light till more clarity emerges.

The price behaviour needs to be viewed as part of the bearish trend and not as a part of a bull trend. Then, a neutral study can be made out.

Nifty heading towards gap area..

If 4170 does not hold, correction can get deeper towards 4070.("a" = "c" - 5-min Chart)
A weekly close @ 4200 or lower will give quite an ugly bearish weekly candle. A close above 4300 will keep the bias to Bulls.A bearish looking weekly candle will have a gravestone doji as well as Island reversal possibilities for the coming week.
A bear rally can end abruptly without any warning..There is no follow up buying after the highs...

Nifty's correction continues..watch < 4240 - 4290 > at the open

The correction that started from yesterday's high of 4506 looks to be ending at today's close or may extend briefly at tomorrow's open. A move past 4290 in the opening hour will have upsides and a fall below 4240 may lead to more corrections towards 4170 or lower..
There was two way movements in stocks while the index is correcting, suggesting more upsides possibility once the correction ends.

A possible trading range for the coming days..

Nifty to trade in a broad range in the coming days..

Nifty's actual high today is 4506 and that coincides with the EW min.target for the "c".(Refer the day chart.)
However, "c" can go higher than the "A" move which would depend on the external cues.
There was a very huge volume based selling in the opening hour and finally Nifty ended 100 points off its high.
Nifty is likely to trade in a broad range and there will be opportunities for both Bulls & Bears in the coming days.Trading with intra technicals might prove profitable.

Bull charge..2 upward freezes..a rare sight..!!

BULL glorified outside the NewYork Exchange and we saw today a rare sight of 2 upward freezes of this market by the bulls(Rampaging).
TA showed its inherent strength thru' strong weekly rsi and it trapped the bears with a spectacular divergence trap.!!


A positive divergence in US mkts may result in some upward moves in world mkts and our mkts may see some intraday profit bookings tomorrow. A buy on dips should be rewarding for traders in the coming few days..