Saturday, August 21, 2010

He Picked a Chair for "Him".

A man's daughter had asked the local priest to come and pray with her father. When the priest arrived, he found the man lying in bed with his head propped up on two pillows and an empty chair beside his bed. The priest assumed that the old fellow had been informed of his visit. "I guess you were expecting me," he said.
"No, who are you?"
"I'm the new priest ," the priest replied. "When I saw the empty chair, I figured you knew I was going to show up."
"Oh yeah, the chair," said the bedridden man. "Would you mind closing the door?"
Puzzled, the priest shut the door.

Friday, August 20, 2010

Nifty, pausing after a break out, at a channel top.



Nifty Intraday Update-III

Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View.

A word of appreciation & gratitude always keeps us saner, spirits soaring.
MOK has been doing tireless work at OJN2 along with Aarvee, Sriganeshh, Piyush Sharda, Sujatha, RM, Mynac.
Rajagopal has been providing with some excellent volume inputs as well as EOD future stocks trading levels based on TA & VIX - the links are updated everyday at the top right side of the blog.
Sundar has been updating TA for stocks based on ema system & other parameters on a regular basis - the links are updated everyday at the top right side of the blog.
Readers of many colours with their constant quizzing & prodding bring out the best in everyone.
In our enthusiasm to catch the "Puli", let us not lose touch of the "NOW".


Thursday, August 19, 2010

Nifty breaks out of the 130 point band of 28 days.


Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I

I am posting the day chart to show the break out as well as the "oscillators confirmation" likely at EOD. Corrections upto 5475-5485 may be likely. If not, it just continues up...

Nifty PreMarket View.

As nifty is expected to make a 'iv"th wave correction, a sideways move may be seen after the open and this view would be valid as long as 5448("i"st wave top) is not breached. A most likely range of 5465/5470 to 5495/5505 may be seen most part of the day.
"5465" is the day's pivot. A strong market alone keep itself above the pivot.


Reposting EOD Charts for better viewing..

Has the sideways corrections have ended..? Is it likely to move sideways again..? World cues as well as RIL's reversal (if that happens) might tilt such outcomes.
Dear Chandra Bose: The above is the fast rise signal that developed today - Ideal for options play. Similar signal for Sell could come from fast fall setups wherein the conditions will be exactly opposite of fast rise. I will upload a chart when such a set up develops in the future.
"5400" has been building up into a strong support for some time with the recent low being @ 5397 and a strong build up in 5400PE OI. This is a classic pull back to the trendline after the break out. Can it sustain this..Holding above 5440 is the minimum requirement. Listen to the news that help you in your trades and trash the rest.

Wednesday, August 18, 2010

Nifty on the verge of a break out from the 130 point sideways band....

Has the sideways corrections have ended..? Is it likely to move sideways again..? World cues as well as RIL's reversal (if that happens) might tilt such outcomes.
Dear Chandru/ Bose: The above is the fast rise signal that developed today - Ideal for options play. Similar signal for Sell could come from fast fall setups wherein the conditions will be exactly opposite of fast rise. I will upload a chart when such a set up develops in the future.
"5400" has been building up into a strong support for some time with the recent low being @ 5397 and a strong build up in 5400PE OI. This is a classic pull back to the trendline after the break out. Can it sustain this..Holding above 5440 is the minimum requirement. Listen to the news that help you in your trades and trash the rest.
" Veppa mara uchhiyilirundu peyonnu aadudhennu  Nee vilayadap pogumbodu chollivachhanga un veerathai kolundileye killi vaippanga,, Moolaiyatra veenargalin velaiyatra vaarthaigalai vedikkaiyaagak kooda nee nambividathey"






Nifty Intraday Update-III

Nifty Intraday Update-II





Nifty Intraday Update-I

Nifty Premarket View.

Tuesday, August 17, 2010

Nifty continues to be in a "Corrective mode".

Nifty continues to trade within the large trading band of 5360/5375 to 5475/5490. With only 7 trading days left in this August series, this month could end as a "Pause" month unless one of the barriers are broken decisively. Trade - as in today's market, the selling level came in the first 30-45 minutes and one of the supports came at the last hour with a total spread of 36 points. If you did not do well today, you are excused to blame the market. Once you understand that a trading band is on, play the band. Patience pays. 
Nifty kept below JN.SAR @ 5444 and found support @ 5408-DLema. Time correction has made it possible for 5ema to rise above 5sma. "5385" continues to be crucial support(now S2)

Nifty Intraday Update-III



Nifty Intraday Update-II


Nifty Intraday Update-I

Nifty PreMarket View.