Friday, October 15, 2010

Happy Durga Pooja.

Mother...Thank you for being with us in our small journey.
Nifty Closes below 20Sma.




Nifty Intraday Update-III



Nifty Intraday Update-II


Nifty Intraday Update-I

Happy Sarasvati Puja

The worship of Goddess Saraswati is observed during the last three days of Navratri.

Victory over the mind can be gained only through knowledge, through understanding; and it is Goddess Saraswati who represents this highest knowledge of the Self.

Lord Krishna Himself says in the Bhagavad Gita: 'The knowledge of the Self is the Knowledge, It is My Vibhuti, My glory". In other words, we may have knowledge of many other subjects and sciences, but if we do not know our own Self, then that is the greatest loss! Therefore, the supreme Knowledge is the knowledge of the Self that is represented by Goddess Saraswati.

Thus, during Navaratri, Goddess Durga is invoked first to remove impurities from the mind.Then Goddess Lakshmi is invoked to cultivate the noble values and qualities. Finally, Saraswati is invoked for gaining the highest know ledge of the Self. This is the significance of the three sets of three nights, and when all these three are gained subjectively, then on the tenth day there will be Vijayadasami, the day of true victory!
-Swami Tejomayananda

Nifty PreMarket View

The above is the ticklist of yesterday's Nifty - first 10 seconds.. A gap up- ignore first 2 or 3 ticks, check it with NF opening rates as shown as it is the actual traded instrument.

Thursday, October 14, 2010

Nifty's breakout attempt checked for now by bears.

Nifty Intraday Update-III



Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View

Are you being intimidated by the "Many numbers in the Tech.table(TT)..?
Some numbers belong to weekly Time frame(T/F). Some to Day and some to Hour.
And these are dynamic in nature, changes with changing prices.
Take the ones that are relevant for the day..ignore the rest.
I have planned for the day the numbers I require for the day in the chart below.
As the prices start to show themselves, I will adopt them and make adjustments if any.I failed to add MP values on the chart. VAH @ 6280 & POC @6275(Both NF) should keep you in the game.

EW, TA with its many tools such as trendlines, macd, stochastics, etc.. are to be used as per the market conditions. With EW, you are 80% correct with 1,2,3 and it is the 4th which throws up challenges. When you combine TA tool - Lead indicator 35hr D & day D, its almost perfect, and the +ve or -ve div by macd.

Prices could go sideways after a gap up. Some part profit booking is prudent. OR it can have another trending day. As long as it closes above DHEma, momentum will be intact and that is what is required for the bulls .

Wednesday, October 13, 2010

Nifty sets up a fast rise in day after short term +ve div.



Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

I am surrounded by protective Noble souls.
Yes..Rajagopal, I am proud to be in such company. Now you know where I draw my energy to keep going.


Nifty PreMarket View

"Oru thavaru seydaal adhai therindu seydaal
Avan devan yendralum vida maatten"....
Knowledge without character is a Sin to this society and should be weeded out immediately. Useage of foul language on others on their back is cowardice and such a one has no place in my life and in my blog.
This blog is a creation of mine...every brick, every frame.
MJAkhtar....you have just been erased. Just disappear.

Today's JNSAR being 6131 is likely to trigger long. No filter would be applicable on the 3rd day.



Tuesday, October 12, 2010

Nifty makes an intra double bottom in short term with + ve div.

Mohammed Javed Akhtar

to me, am.javed
show details 3:22 PM (2 hours ago)
Dear Sir,
In spite of repeated warnings, you seem to have developed a habit of consciously stealing stuff from my blog/website and appear daring to the public. Your latest attempt is reflected in the statement,
"you may skip this system altogether and go in for "Low Ema" system suggested by one of our readers."
if the source of the "Low EMA System" or the name of the reader, alongwith his e-mail address is not published on the same blog, an FIR/NCR would be launched against the blog,
within 48 hours from now.
See you in the Court of Law.
Mohammed Javed Akhtar
Attachment: the page on which this quote appears is attached with the mail.


Nifty Intraday Update-III

Nifty Intraday Update-II