Love lighting up life.

During the early morning ride from the suburb, we sat drowsily with our collars up to our ears, a cheerless and taciturn bunch. We were a very motley crowd of people who took the bus every day that summer 33 years ago.

One of the passengers was a small grey man who took the bus to the centre for senior citizens every morning. He walked with a stoop and a sad look on his face when he, with some difficulty, boarded the bus and sat down alone behind the driver. No one ever paid very much attention to him.

Then one July morning he said good morning to the driver and smiled short-sightedly down through the bus before he sat down. The driver nodded guardedly. The rest of us were silent.

NIfty's attempt to close above 5wkSma(6009) failed.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

For new readers, who find it puzzling to update the "JustNifty TA(...)" files, the link for which is given at the top right corner of this blog under "EW/Technical Analysis, the following steps may be followed:
1. Download the file by clicking on "JustNifty TA(3)" from the link as mentioned above.
2. While opening the file, a prompt of "update" or "do not update" or "help" appears. Click on "do not update".
3. Now the file is opened with data till 02nd December.
4. To update the 10.00AM Hour data, go to "Data.H" sheet, copy the entire last row(which is 2.12.10 16.00hr)and paste it on the next row.
5. Now fill in the open, high, low & close of the 10.00AM data.
6. Similarly do the updating in Data.D sheet for daily OHLC as it is developing each hour during the day.
7. Once done, you can view the Ema & other TA set ups like macd/ stochastics, etc., in the "Blog Data" sheet.
Refer "Tech.table reading" for guidance.

Nifty has entered the earlier consolidation zone of 5935-6075 & paused @20sma(6030)

Always read the oscillators/ indicators along with one higher time frame and give risk weightage to your trades. Wait for those low risk & high return set ups and stay through the moves.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

"6045-6050" zone has many averages and is the last resistance above which the 61.8% retracement @ 6090-WHEma(R3:6104).Closing prices of tomorrow will make a change.

Nifty stopped & reversed @ 5880.

When a market is trending, it is like the pregnant lady carrying the child in her stomach...just carry it..not disturbing it. Tough job for us guys who keeps tinkering with our positions. SAR helps to carry it. There will be some mishaps but after a while you are sure to find a "big bony baby"..
Once a trend is in sight, watch the small moves as part of a bigger move. As you visualise the bigger picture, you will be able to adjust to the smaller moves.
Once the 2nd day after the lowest point, market found it difficult to break even the previous day's low(5755), a trend was unfolding which has in it 2 possibilites(or 3):
1. A 50% to 61.8% retracement targeting 6015 & 6090.
2. A new uptrend to a new high (6339++)
This gives a confidence to sit through intermediate moves.
A good weekly close will bring added momentum/ supports.
This is how "darkness" disappears, dawn sets in and then sunshine.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Nifty breaks out of the channel and yet to close above High emas for momentum.

Forget the naysayers.
Take your time to learn and stand on your own two feet. Let it take a week/ month/ year..
This financial jungle is actually kids stuff...be persistent like that kid...be patient like the kid.
To make money in the market, you definitely don't have to be a Jesse Livermoore.
Forget about 20 to 200 trading rules... Generate your own based on your experience.
I still insist, even if you have achieved a fantastic result, do not harp on it here or anywhere.
Staying away from market talk will keep you focused on the real market.
Not talking about your winnings will avoid you becoming a "headstrong Arjuna".
There is absolutely no time to waste on what you did with your today's trades.. Learn from them., make a note on them and start preparing a plan/ strategy for the week., next day and so on.
Atithi Tum Kab Jaoge? But he stayed on & made a permanent place in everyone's heart with his deeds.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

This blog will remain easily accessible to everyone so that "Sharing could continue seamlessly". Thank you for your suggestions.

Nifty, downtrending, knocking on Channel resistances

Blogging is a way of commitment to our thoughts and sharing of the same with interested readers. I have always applied what is being learnt and it has been a tough journey applying all that was taught and learnt on the way.
This platform is to share such "Applied Knowledge" and not to share one's "achivements" and on that score there can never be any dispute and absolutely no compromises. It serves nobody's cause except a glorious ego trip for the boaster.
No one really cares for what you did with your trades or how you predicted the fall some many months ago...We all have such intuitive feelings about the market at various times but what use is it to anyone if there are no reasoning to it. Our aim is to bring some order into reading/ observing the prices using certain tools and approach the market with some strategies..
If you want to help your fellow readers, share your strategies and its reasonings time & again. You will grow in sharing. If you can't, don't spoil the place.

I am aware it is an open space and intruders are difficult to be kept at bay. If no sense sets in them, I'll have no other option but to make it "Invitees only".

Swami Vivekananda says,
"Take up one idea. Make that one idea your life - think of it, dream of it, live on idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success."
"“Do not stand on a high pedestal and take 5 cents in your hand and say, "here, my poor man", but be grateful that the poor man is there, so by making a gift to him you are able to help yourself.It is not the reciever that is blessed, but it is the giver.Be thankful that you are allowed to exercise your power of benevolence and mercy in the world, and thus become pure and perfect.”