Saturday, November 20, 2010
The director asked, "Did you obtain any scholarships in school?" the youth answered "none".
The director asked, " Was it your father who paid for your school fees?" The youth answered, "My father passed away when I was one year old, it was my mother who paid for my school fees.
Friday, November 19, 2010
There are some channel supports close by(5750-5800), break of which may give more confirmations.
SUNDAR's file may be used for updating any set of stocks...you simply replace your stock's data.
T-O-T AMIT has programmed "the Blog-data Sheet" in NIfty TA file in such a way that you just need to update the data which takes up few seconds, everything in the Blog-data sheet with its various emas, etc., changes automatically. It is really amazing and unbelievable and it frees up quite a lot of the user's (mine too) time.The same will be replicated to BankNifty TA as well as other stock files as soon as possible.
I can not thank these gentlemen enough..true crack(ed)pots..leaving behind beautiful flowering gardens wherever they walk..
Thursday, November 18, 2010
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom. The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.
1. The market is characterized by a prevailing downtrend.
2. Then we see a small real body at the upper end of the trading range. Color of this body is not important.
3. We would like to see the lower shadow at least twice as long as the real body.
4. There is no (or almost no) upper shadow.
The overall direction of the market is bearish, characterized by a downtrend. Then the market opens with a sharp sell off implying the continuation of the downtrend. However, prices suddenly turn upwards, the sell-off is quickly abated and bullish sentiment continues during the day with a closing price at or near to its high for the day which causes the long lower shadow. Apparently the market fails to continue in the selling side. This observation reduces the previous bearish sentiment causing the short traders to feel increasingly uneasier with their bearish positions.
If the hammer is characterized by a close above the open thus causing a white body, the situation looks even better for the bulls.
The Bullish Dragonfly Doji pattern is generally considered more bullish than the Bullish Hammer Pattern and a higher reliability is ascribed to this Doji than the Bullish Hammer Pattern.
The reliability of Bullish Hammer Pattern is low. It requires confirmation of the implied trend reversal by a white candlestick, a large gap up or a higher close on the next trading day.
You have made my day wonderful with your wishes.
We'll always cherish it and keep going back to it like children to feel "Being loved and wished by so many loving hearts".
Wednesday, November 17, 2010
To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark, I'll never leave you just so you won't feel alone. Even if the friends & relatives had left, I would still stay by your side, just so you won't feel alone.
You have me who'll be willing to help you cope up in every frustrations you're having. Every depressing moments, every down moments, every self-worthless-realization moments, I'll be there, not because you want me to be with you, but because I want to be with you.
I'll always appreciate every little thing you do. Even a smile would mean a lot to me, just because you own that smile. And that even if no words are expressed as long as the eyes understand, you'd be able to communicate, just like that. I guess the silent communications would easily outnumber the words.
Tuesday, November 16, 2010
As of now only a close above 6130 would reverse the downtrend.
Break of 5935 may lead to the next supports around 5850..
As there are 6 trading days left to the settlement, the action will only get wilder.
Monday, November 15, 2010
Premarket range: 6055/6065 to 6125/6145 v/s actual: 6039 to 6129. If you check on the trading plan in label section, the steps taken to arrive at such trading ranges are given in a "Simple" way so that you do not have to wait for my "Secret recipe".
Now look out for 6155: R1 and weekly pivot. Above these 5 ema & the emerging DHEma.
This counter trend move may be traded using the retracement for the 6331-6057(holding above friday's lows). First indication for such a development would be the close above "Hour Low ema" at 10.00AM.
With only 8 days left to the settlement, Nifty is trading below the median of this series - 6140 -(5937 to 6338)which suggests of ending of the series at the lower end unless this week's price negates the "Bearish engulfing pattern" of last week.
Hence, it seems certain that the tussle will be to stay above 6140 and it will start in all earnest with today's action. T R A D E for 2-3 days and re-initiate positions as per the emerging prices on close basis.
Sunday, November 14, 2010
The remaining part of the corrections (If it is a correction..!!) in the coming days whether market holds larger support levels (meaning they are likely to be tested) or not will become a critical input for future trading strategies. Tech.table will definitely capture those moves.
If a 5 part decline is underway from 6339 top, it may be taken as the concluding part of the 4th wave within the larger uptrend and holding above 5850, markets may set itself for a "year end" rally to complete another glorious year for the Bulls. Such a sharp move may result in weekly negative divergences to set up another significant top.
However, if this 5-part decline is followed by only a "part retracing move up" and thus fail to make a new high in Dec or Jan, then the next fall will be more severe than the current one.