Courage & Strength behind this beauty..

Alabama installed the first statue honoring a disabled person in the US Capitol , unveiling a bronze of a 7-year-old Helen Keller at her moment of epiphany when she solved “the mystery of language’’ without sight or hearing. The statue - also the only one of a child in the Capitol collection - depicts Keller at her home in Tuscumbia, Alabama, as her teacher Anne Sullivan spelled out the word “water’’ in her hand while pumping water over her other hand. Keller said the moment “awakened [her] soul’’ to the potential for her life. She later became an internationally celebrated advocate for those with disabilities. Keller laid the groundwork for laws such as the Americans With Disabilities Act.

"How do you account for your remarkable accomplishment in life?" Queen Victoria of England asked Helen Keller. "How do you explain the fact that even though you were both blind and deaf, you were able to accomplish so much?"

Ms. Keller's answer is a tribute to her dedicated teacher. "If it had not been for Anne Sullivan, the name of Helen Keller would have remained unknown."

Nifty has come back to the settlement low.

Staying below 5295-5315 will put the pressure on the index to close towards a new low of the settlement unless 5190 is protected immediately and moves past 5315 convincingly..
Weekly chart suggests of "persistent selling" from the "middle channel line" due to a prolonged rise without much of a correction. As long as 5090 is held, this would prove to be a larger correction to be followed by another upmove.
This month is turning out to be a technical month with "option writers" have done three rounds of writing...5330 to 5235; 5235 to 5400 & 5400 to 5235.

Nifty closing below "5267/5257" turns the week down..

Nifty Intraday Update-I

GM to all.

I hope some profit booking is done at 5235.

I am yet to update my files.. Will be back after 30 minutes.

Nifty PreMarket View

"Reducing the Shorts" owing to the reluctance of the market to move below 5300 is the right decision during a "Corrective stage".. This rise could still be part of this 4th wave correction..
A break past 5335(certain now...infact I saw some taking long above 5331-VAL)and 5370, may lead to last peak @ 5390-5399..A firm close above "High ema" may signal the onset of the 5th wave for higher targets..

Nifty undecided on its corrective path..

Ohh..!! When I redraw the channels, it still looks travelling in the "upper Channel"...If so, it could attempt to go towards the high before starting the bigger correction. If Tuesday's low is broken, then this correction becomes the larger one towards the lower channel. Holding above the "Day Low ema" gives it that chance.
9-Rsi triggering has always pulled down the index even if it makes another high too like the last time..What is it going to be this time...?
Daily downtrend is intact but the severity is lacking..due to better weekly TA.

Happy Baisakhi

A very, Very Happy Baisakhi to all..especially to "Manu".

Nifty Intraday update-I

Nifty PreMarket View.

These are the "Two Corrective" scenarios I can think of. Market still can unfold differently. Having a plan will alert me of any changes that are taking place.
Viren's VAL is 5335: if traded below this, stay short for the first target of 5290. From then on, it is the two possibilities @ work..
Mynac pointing out huge addition of CE in 5300 & 5400 suggests of a certain break of 5300 and moving towards 5260 & 5235. It needs to be followed up with "intra day OI changes" for additional evidence.
Any one having "Longs" ,as per my intraday comments, may reverse to shorts below 5335.

Nifty, OB, likely to correct by breaking 5325..

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Rajeev Verma (aarvee9) has the following observations :-

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I have worked upon an Analysis based on combination of Co relation, Charts, Patterns ,Trendlines, past History, Open Interest, Gann charts and Market Dynamics (with an added indicator of Astrology(???),to get the planets on our side, much required for this unrealistic Prophecy to even take shape at this point of time).This predictive analysis suggests - Correction setting in the Week after this one (Week starting 19th April) and this April series getting settled around 5000 or even some points below it and also this correction continuing to first Week of May to around 4800 levels. (Now please dont laugh at me!!!) . I have finalized some dates and levels for enrty and exit in this correction. I got excited about it but then remembered your Golden words----"Whenever you find excitement, temper it with some caution. Patiently waiting for such "Set-ups" gives you phenomenal returns."

I will wait for this week to give me confirmation of this set up (for that this week must trade in a very tight range of approx 5330-5450),this will give strength to my belief.I will post this analysis for your kind appraisal next weekend.(even if not technically that sound ,this analysis cum prophecy can be of some entertainment value in our monotonous TA world).

Thanks for all your time & timely guidance,words &work that are of immense help.

Nifty's overall view of 3 time cycles...

Larger trend seems firmly bullish with shorter trend suggesting minor resistance around 5460.
I will be posting some stock ideas in two parts @ "Stockwealth"..