You got too close to the markets..
You are yet to Still your mind when all around things are raging & arousing extreme emotions in you.
So when you see marketmen talking all kinds of stuff, retreat to a quiet place, look at it objectively, choose the right tool, sharpen it- devise a plan, make guideposts to guide you ahead and above all do it in the most humble way...gratefully...thanking GOD for giving you such an insight..such a fortitude..such a composure/ balance.
I am grateful to my critics for constantly at war with me to drive home "the other side of looking at the markets".
33 comments:
Good Morning Ilango Sir and Friends
Nifty Daily Analysis: CLICK HERE
goodmorning sir and all. golden words indeed
Ilango SIR & all blog mates,
Good morning.
A Quote on Criticism which i read recently
"Criticism, like rain, should be gentle enough to nourish a man’s growth without destroying his roots."
Good Morning Sir and Friends.
Good morning Ilango sir, and friends.
Good Morning Sir and all.
Good morning sir and friends:)
@ Bhavan - thank you for the detailed reply.
@ h - no. i don't hv any hardfeelings. thanks for your words.
Have a good day and happy week end to all :)
Bye
WWWI : Atleast the big Yoda Bear is signalling a respite for the panting bulls. What's your view? If the bulls are slaughtered then with whom the bears will fight tommorrow?
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Sir - You are blessed, not only with knowledge, but more importantly with "critics" who are not afraid of your knowledge and the maturity of your own knowledge to accept their view.
GM Illango Sir & all.
@ Raja sir & all comodity lovers
Atlast Gold breaches 1320$ level,now nxt suport near to 1300
or 1282-1278 Zone.
Silver is also following the same path Target for it near
to 25$.
I wantto post a reminder here Yesterday but due to Net connection
I cant.
I am Short on all base metals, & our Nf also following the
same path.
GM Ilango Sir & blogmates
Thank you musti. Both are now at Sell on Raise points? Are u tracking crude too?
6178 to 5698 1 480 pts
5698 to 5874 2 176 pts
5874 to 5624 3 250 pts
5624 to 5801 4 177 pts
5801 to ---- 5 has to be less than 250 pts as 3 cant be shortest. So if the reading is correct than market should not go below 5550.
@ Raja sir,
Crude Target 84$.
It retraces it fall from 92$ to 86$.
& now again falling.
Any body remember my post On Sunday regarding Nf Target 5150?
A few observations from my prior notes --
5563 (The biggest correction of this entire bull market was of 775 points. 6338.5-775=5563.5). Anything more than this would strengthen the onset of a new bear market. (A correction of the whole bull market or something bigger).
5562 (50% retracement of the rally from 4786 to 5339)
5550 (09/10 peak)
5535 (100% OF W-1)
5494 (13 month EMA)
It looks like after rallying up to 5950, market will trade betwenn 5700 to 5950 for whole february with very low volume and participation.
Priya Mitro!
Maine 5560 Nifty spot par Buy kiya hai aur 5500 tak aur buy karunga, mera Positional stop loss 5450 hai aur target 5800-5850 1-2 week me....so jor laga kar buy karo...Ye golden risk reward chance hai.
Manoj
Good Morning ilango sir and friends,
Today's quote received :
No matter how big you are, if you interact with people with humbleness & love, you grow to be much bigger in their eyes than you are.
It is very easy to discourage anyone but it is extremely difficult to encourage. The best thing is that if you don’t have an art of encouraging you don’t have a right to discourage too. In other words, if you can’t make a good difference to anyone’s life, don’t do anything to spoil it at least.
Good Morning...!!!
manojag ,
thanks for the alternate count. today sir's chart had one only
Sir
I am following JNSAR method and need advice on same.
I usually reverse my position intraday when JNSAR is hit.
and keep 20 points if market go in opoosite direction.
On some volatile days, market hit JNSAR many times
in a day and go in oposite direction as many as 50-100 points
What should be our strategy during that time.
Correction :
5550 (Aug, 2010 peak)
Dear Gauresh - keep this going. Very lovely words. Dear UKR used to do this earlier. Really makes day meaningful to read such words.
Technically 5380 has to be touched in a 1 day move or slow down move to satisfy the TA needs. Incidently 5380 is the first major support and also the 61.8% retracement of rise from low of 2252 in Q1/2008 to high of 6357 of nov 11. when it does that.. is a intelligent man's guess.
Smelt something fishy in ACC y'day. Look at it today !!!
GOOD Morning Sir & Friends:
Sir Aggressive can buy here with 5515 as a SL?
AT open the NF pre was Rs 10 now it is Rs15- 20. I am on the long side with 5560 as sl.
Dear RG,
Many many thanks for your encouraging words.....will try to continue........
-gauresh59
Gm sir
NEW POST DONE.
Rajgopal sir view continues to be short no worry till new ww forms
Weekly movong to oversold so very soon we may see some bounce
And may move back to 5950-6000 or so
Most likely bounve to 5680-700
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