Saturday, December 18, 2010

Reaching out to that lonely boy under the tree

I was invited to be an instructor at a high school leadership camp hosted by a college in Michigan in the summer recess between freshman and sophomore years in college. I was already highly involved in most campus activities, and I jumped at the opportunity.

About an hour into the first day of camp, amid the frenzy of icebreakers and forced interactions, I first noticed the boy under the tree. He was small and skinny, and his obvious discomfort and shyness made him appear frail and fragile. Only 50 feet away, 200 eager campers were bumping bodies, playing, joking and meeting each other, but the boy under the tree seemed to want to be anywhere other than where he was. The desperate loneliness he radiated almost stopped me from approaching him, but I remembered the instructions from the senior staff to stay alert for campers who might feel left out.

As I walked toward him I said, "Hi, my name is Kevin and I'm one of the counselors. It's nice to meet you. How are you?" In a shaky, sheepish voice he reluctantly answered, "Okay, I guess" I calmly asked him if he wanted to join the activities and meet some new people. He quietly replied, "No, this is not really my thing."

Thursday, December 16, 2010

Nifty fought back to close above 5WEma & DHEma.

More detailed Technical analysis may be read here:
NIFTY TA(20)

Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View.

Bank Nifty has got its sub waves quite clearly and having two distinct possibilities and its influence on Nifty is known. See here at Stockwealth.

Wednesday, December 15, 2010

Nifty meets with regular supplies @ & above 5935...

More detailed Nifty analysis may be read here below:

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View.

"Prosenjit's" Open interest analysis in the earlier post is quite simple and its interpretation is unbiased. Profit booking/ aggressive selling may emerge at & above 5965 to 6000 area. Watch those OI data after EOD as well as the close price of Nifty vis-a-vis the High emas.
"Lack of selling" could give a bullish hue too. So monitor that FII's buy/ sell data too regularly.


Tuesday, December 14, 2010

Nifty crawls up to close above 20sma.

More detailed Nifty analysis may be read here below:

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View.

Last few days are the power of fractals.. They can fail at some point. Till then, pattern recognition coupled with your regular studies keeps you in the right path.



Monday, December 13, 2010

Nifty followed up its fight of Friday & held 5800 and climbed 5900.

Cluster of averages are at 5925-35 zone. Climbing over it will set its sight on 6000+
More detailed Nifty analysis may be read here below:
Nifty T/A(14)
BankNifty TA(14)


Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty PreMarket View.

Short term is up; it could either make a "retracement rally to 5895-5935" or higher but most likely to find "supply coming in" at higher levels.
5935-5965 is one such immediate resistance & above which 6040-6050.