It is all in your mind.

The business executive was deep in debt and could see no way out.

Creditors were closing in on him. Suppliers were demanding payment. He sat on the park bench, head in hands, wondering if anything could save his company from bankruptcy.

Suddenly an old man appeared before him.

"I can see that something is troubling you," he said.

After listening to the executive's woes, the old man said, "I believe I can help you."

He asked the man his name, wrote out a check, and pushed it into his hand saying, "Take this money. Meet me here exactly one year from today, and you can pay me back at that time."

Nifty gains 245 point after a 160pt-gained break-out of last week.

Keep this perspective at the back of your mind: Till the prices behave abnormally on the downside, this current upmove is unfolding after nearly 10 months of consolidation. That is a larger picture. However, we'll decipher the smaller moves with that backdrop in the coming days.
Trending up within a channel still.
A simple "ABC" in the "B" wave could end sooner. If not, it will stretch higher.
Weekly Pivots were quite handy in the past. How's it going to be in the coming week..?

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Premarket View

We saw a small consolidation taking place @ 5574 to 5630 before a big break out few days ago. Similarly a larger consolidation is on from 5775 to 5915 before a small break out to (6000-6041) complete one big rise from 5474 after which a larger than these recent corrections will be on as a consolidation for the last big rise to complete a "Five" from 4786.(If it is a 5 wave. But if it is an "abc" up move, then 6000+ would make a top....mm always possibilities..challenges).

It is time for you to look back and see how much have you gained in this upmove from 31.08.10 and tally it with how much you could have gained following "your method". Let us have a "method to this madness..craziness".

If you do not have one, find one....and find it soon.

OR else you will be like the rudderless boat, you will have your journey but go nowhere.

With the rudder, you'll reach places..feel a "sense of accomplishment".

Nifty gives off a sizeable intra gains after hourly -ve div.

Nifty Intraday Update-III

Pivot (5844) and the morning high (5874) are at play now.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Premarket View

The much expected correction may unfold today if breaks below day's pivot @ 5844(also VAL).Once broken, not exceeding yesterday's high, it should target 5795-5805 (Day High ema)initially and "may be" a bit more lower(5775 - one small re-entry point).
Booking out of recent longs at the open/ selling at open with a conf. of ORB then is another option. Trade light on these counter trend trades.

Nifty notches up 7th day gain & strong still.

Not able to accept what is unfolding infront of you, not able to change your perception keeps you "Stuck in a distant Past" where in Nifty was trading a band but now it is "Trending".. While in a trend, stay with it...Don't put a limit to it till it exhausts itself. There is no other way to participate in it.
Look at this market with "Bulls eyes" even if it is a corrective rally within a bear set up.The time frame we trade here is enough to call it Bullish. Act like one.

Nifty Intraday Update-III

Nifty Intraday Update-II

I'm happy to know that my time, work is not being simply wasted. I take home "something" from it all.
SKMishra.. you have company. It is gratifying and thank you.

Nifty Intraday Update-I

Nifty Premarket View

SKMishra...Thank you, lone ranger.

Nifty's 489 point dash & still going strong.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Attempting to label a fast rising Nifty is like "Puli valai pidikkira madhiri"(Like catching a tiger's tail)

Nifty Premarket View

Nifty picks up good momentum.

As long as the prices are trending up above emas, reflected in the Tech. table, stay with the trend.

How high it would go - a possible psychological 6000 (Sensex 20000+).

Weekly R3 comes @ 5834 which could be scaled easily by tomorrow.

Does it really care about these resistances when it is in an uptrend after months of consolidation.

JNSAR was introduced to capture such big moves. Though we part booked @ 5600, the re-entry suggested was 5565.. and the 2nd lot is still holding with a maximum gain of 302 points and it will gain furthermore.

The corrections so far has been shallow.

The JNSAR file for Nifty.50 stocks will be uploaded daily and the link given at the top side of the bar of this blog.

Rajagopal has provided a SAR incorporating VIX in his file. Hard work always pays but demands your patience.