The mad man doing miracles.

This is the story of Bodhidharma meeting with the Chinese emperor Wu- a very strange meeting, very fruitful. Emperor Wu perhaps was at that time the greatest emperor in the world; he ruled all over China, Mongolia, Korea, the whole of Asia except India. He became convinced of the truth of Gautam Buddha's teachings, but the people who had brought the message of Buddha were only scholars. None of them were mystics. And then the news came that Bodhidharma was coming, and there was a great anticipation all over the land. Emperor Wu had become influenced by Gautam Buddha, and that meant that his whole empire was influenced by the same teaching. Now a real mystic, a buddha, was coming. It was such a great joy!

Emperor Wu had never before gone to the boundaries where India and China meet to receive anyone. With great respect he welcomed Bodhidharma, and he said, "I have been asking all the monks and the scholars who have been coming, but nobody has been of any help - I have tried everything. How to get rid of this self? Because Buddha says that unless you become a no-self, your misery cannot end."

Nifty's third day of vertical fall in its 3rd wave.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

You have all the tools at your disposal and if you failed to apply them, it is only because of:
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".

Nifty ends with a new low in a "Bearish settlement".

Raichand Shah has sent a file "Trading the trendline". It is uploaded and the link is given at the top right corner of this blog.
Hour TA never gave a buy the whole day and Tech table reflected the same. Day TA which turned down yesterday as per the "Day Lead indicator" prevailed over the entire day's failed bounces.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Slow macd, being a trend indicator,may lag a bit but to hold on to a position, it's success rate is good.

As long as it is above the trigger line, the trend continuing remains strong in uptrend. Once it has triggered, it becomes sell on rises. On many occasions, Nifty makes a new uptrend high despite triggering which is another bearish sign. The opposite is true in downtrend.

As long as macd is in the positive area, the downward momentum will be less and once it enters the negative zone, the momentum will gather. Opposite is applicable once a reversal takes place and uptrend commences. Remember, these are just guidelines and use these studies with other studies such as trendlines, open interest, etc for more effective application.

Divergences in Slow macd is more reliable.

Mamata Poojary... We salute you.

In the world that Mamata Poojary grew up, there are no second chances.

Before the talent spotters discovered her, she lived with her parents in a remote hamlet in Dakshina Kannada district where they had no electricity, where two decent meals a day was a luxury, and where even now no vehicle can drive up to her doorstep because there are no motorable roads.

Her parents are coolies, her brother works in a garage. Mamata had to trudge five to six kilometres to school every day. The fish that she or her brother caught in the roiling stream near their home was the only ‘delicacy’ her family could afford. Fish, fried or pickled, incidentally remains her favourite dish.

Nifty sells off 5-WkSma after the RBI rate event.

The sharp fall from 6181 to 5625 has not produced any meaningful rally except in BankNifty. Market may have done its settlement blues today. Now it'll be upto two days of world markets' cues that would give a direction, though the larger trend continues to be down.
Three days to go for the monthly close and if it fails to close above 5880, the month TA too will confirm a sell..(After a 700 point fall from the top..!!)
Download the file from the link below:
How to Spot Trading Opportunities - File courtesy Sujatha. Spend some time going through the file. It has helped Sujatha in her trading and it will do to yours too...

Nifty Intraday Update-III

Download the file from the link below:
How to Spot Trading Opportunities - File courtesy Sujatha.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Hi..Kumar, Thank you for your timely help. Your presence here has always been enriching. Come on board..
Hi..Rochak, Our thoughts are always for your speedy recovery. You are in our thoughts everyday. We miss your presence here.
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Do not attach too much expectations on JNSAR... Just follow its trigger levels.Long in it need not fetch always 200-400 points. Just respect its levels and make your trades as in a mechanical system.

Nifty closes above 5-day Ema..now for the follow up.

Dear Kumar,

Rochak parekh has sent you a mail detailing his case history as suggested to him earlier. Look into it ASAP. Your noble gesture is recognised by one and all. Thank you.

Dear Rochak Parekh.... Our prayers for a smooth recovery soon.

Nifty Intraday Update-III

Dear Kumar,

Rochak parekh has sent you a mail detailing his case history as suggested to him earlier. Look into it ASAP. Your noble gesture is recognised by one and all. Thank you.

Dear Rochak Parekh.... Our prayers for a smooth recovery soon.

...

If it is a pull back after the break out above 5710, it should hold the day's low -5698