Unsung heroes in uncommon places visited by angels..

During one of our visits to Chennai and after a simple Temple Darshan we entered a Book Store and started searching for this Book on Tattva Bodha.We found many people buying various Books and CDs and from their smart walks and accumulation of CDs from Bhajans to Bombay Jaishree,sent a nice feeling in us,that,we have come to the right place indeed.
I was looking for this Book while my wife started collecting Bharathiar's songs and Ms's Music.I searched everywhere for this Book.There was this girl Kalaivani, standing next to the Cashier, sincerely watching all our movements..a black girl,should be from a nearby Village,might be 17 or 18, should not have crossed 8th Std., might be out of poverty she is here..all my journalist's brain unnecessarily calculated about this gullible girl..and though she was repeatedly watching me, I ignored her and started searching for"Tattva Bodha"

I saw many books from "Sandhya Vandanam" to Swami VIvekananda's Chicago Speech" but having spent a good 40 minutes..I looked at her..she also looked at me curiously.I asked her,knowing fully well that such a girl cannot have any idea of anything,leave alone Tattva Bodah..

Nifty, downtrending in a channel, breaks most supports

I am grateful to this person who felt right to question my decision to bend the rule which could have misled readers as well as create confusion in following a system. Here is his mail.

show details 8:56 AM (8 hours ago)

Sir,

I don’t know that I have right to say this or not, but couldn’t control, so sending this mail

You made a system with different options like ‘intra’, ‘conservative’, JNSAR…etc. Each system behavior, result & risk vary. And its working very well. You made the system with some rules for each option. Yesterday I surprised, when you mentioned exit JNSAR also. I felt you are showing violations of rules. May be JNSAR people may miss 200 + points I agree. But JNSAR option is like that. I mean JNSAR is slow but consistence. That is JNSAR nature. Why to break it?. We have option of ‘conservative’ with that we can go long. Let system behave its natural way.

I am following both conservative and JNSAR. If you told “Conservative long” alone, I would have exited my shorts.

I wanted to write this mail before market starts. Coz result could be +ve or –ve. My mail should not reach you before result.

Hope you got my point. May be I am wrong too coz I am not in your place. And I don’t know any thing about market. This mail is just to avoid people who is trying to look –ves in the system.

Regards

************************************************************************

THURSDAY, NOVEMBER 25, 2010

Nifty closer to the Monthly channel support...

Lower lows & Lower highs are intact.
Every smaller consolidations led to another low and it still continues till the resistances are conquered and supports are established.
It is foolhardy to catch a falling knife. We did that closer to the close "hoping" that 100sma/ Monthly channel supports(5750-5760) holds and the settlement blues are out of the way with today's closing.
However, it is not the "Thing to do" when you apply Technical analysis.
What we presume as a "falling wedge" can become a "running correction" and markets can fall sharply too on the back of weekly TA...
One day to the weekly close and 3 days to the monthly close. Market is trading below all weekly ema and below Monthly High ema. Can it attempt a Nov close above 6014..??.. 200 + points. Bulls will dash for it if they have any steam left.. Bears seem to sense something BIG here.
Some Open Interest analysis would help..

Thank you for your concern. I admitted to this error in the previous day's post itself. It is a mistake to "Tinker with the established SAR Method". I managed it it with "ORB" in the morning. I'm not sure whether any one who followed my "Long suggestion" reversed their trades today. This system was devised to capture the big moves and it will remain so.
Our aim will be to "Apply TA" in the most objective way and "Stay Clear" of personal opinions. For those who were misled by this action of mine, my sincere apologies.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

While playing positive divergence, you are initially risking till prices confirm by a move above short term average and then you raise your SL and trade as the price moves in your favour. This is only a "Hour +ve div"..Look for a reversal in daily TA..One step at a time.

Nifty closer to the Monthly channel support...

Lower lows & Lower highs are intact.
Every smaller consolidations led to another low and it still continues till the resistances are conquered and supports are established.
It is foolhardy to catch a falling knife. We did that closer to the close "hoping" that 100sma/ Monthly channel supports(5750-5760) holds and the settlement blues are out of the way with today's closing.
However, it is not the "Thing to do" when you apply Technical analysis.
What we presume as a "falling wedge" can become a "running correction" and markets can fall sharply too on the back of weekly TA...
One day to the weekly close and 3 days to the monthly close. Market is trading below all weekly ema and below Monthly High ema. Can it attempt a Nov close above 6014..??.. 200 + points. Bulls will dash for it if they have any steam left.. Bears seem to sense something BIG here.
Some Open Interest analysis would help..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

"5885-5905" may be the initial resistance zone above which 5940-45.
It could test "5790-5815" if unable to move past either 5905 or 5945 & reverses.

"New Visitors" will do well to read on Tech.table reading as well as JNSAR method along with the most concise "Applied Technical Analysis" and start trading. To gain indepth knowledge, go through all the write ups listed under "Always start trading with these"... The secret to success is "Secrecy itself" - stay balanced in both success & failures and never get carried away by these extreme emotions whereas it is only at such junctures you need to be more alert to the "opportunities" og booking profits or reversals..
Get Rich Slowly and Surely..

Nifty finds the earlier support 5965 tough to cross.

Nifty Intraday Update-III

Nifty Intraday Update-II

It is amazing to see how prices gets reflected in relation to emas..

Nifty Intraday Update-I

Nifty PreMarket View

Nifty could be making an inverse H&S if 6020-6035 gets resisted and a fall starts. It gets negated on a decisive move past 6035 which will be a deciding buy trigger. The current buy signal is from "Hour T/F" only and the same is susceptible to failure till the daily signal does not emerge.

Nifty finds support @ daily channel

This is the second attempt to find a bottom with a "Bullish hammer" which is not a reliable one unless followed with a Bull candle. The last one failed few days ago. "Tera kya hoga..?"
Today's big recovery is from the "Daily channel support"...so far good.
The monthly channel has a support at 5725-5750 with weekly 26-ema @ 5726. Once again, the recent highs -that of today's and yesterday's become resistances. A good upward reversal should close above previous day's high. And the same goes for downward too.
It is relevant to know all these as they come quite handy incase of a sharp reversal again with 2 trading days left for the settlement. Bulls are continuously whipped..medicated..only to be whipped again.. That is settlement blues.
Though it is difficult to predict consistently how the intra moves will unfold, there are simple trading systems(ORB, Low ema, trendlines) which guides you for entries..targets and if you have the discipline, you will gather wealth slowly.
Prepare yourself well for the trading day. If your overnight's positions are against the trend, hedge them till a reversal gets confirmed. Having no position is also a "Position".

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I