A 2,600-Year-Old Manual for Living - A must read.

Many investors believe a successful strategy starts with a hunch about the economy. Based on this, they make an educated guess about what lies ahead for the stock market. This, in turn, leads to a theory about which stocks to buy. But a theory that's based on a guess that's based on a hunch may not be the best foundation for your investment portfolio.

Investors hate uncertainty. And history shows that they will pay brokers, hedge fund managers and investment gurus a lot of money to eliminate it.

The problem is they can't. Count yourself a sophisticated investor the day you wake up and say, "Given that no one can tell me with any certainty what the economy or financial markets will do, how should I run my portfolio?" This is the beginning of investment wisdom.

As you learn more about this Eastern philosophy, you'll be struck by the similarities. Consider, for example, the following verses from China's ancient Tao Te Ching. They could be aimed squarely at economic forecasters, market timers, and metaphysical speculators:

Our Prayers for the safety and well being of quake-Tsunami hit Japanese.

Nifty closes below all the Close emas-Trend indicating one.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Guidelines for Conservative trade: A complete EW structure with Day Lead indicator reversing from above 80 mark or from below 20 mark, Macd turning down/up, Closing below DHEma/ above DLEma followed by a close below/ above DEma & Divergences if any.

Guidelines for Aggressive trade: Same as above but in Hour Time frame.

Guidelines for Aggressive intra-trade: Knowing the direction; Current trend; Using Global cues; Using Pivot table & Tech.Table to choose the resistance & Support numbers; Using RT Chart; Willingness for small SL; No hesitancy to book profits at your target levels inspite of trend continuing to favour your trade.

Nifty stuck in a "b" wave dilemma, having all sizes of flags.

VIX moving above 24/24.25 may lead to the "c" wave towards 200sma & VIX 26.25, followed by a deep drop to sub 5400 and ..... wait to see tomorrow's action.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Trade using the pivots.(Day pivot @ 5525 & Week Pivot @ 5485)

Nifty finds its JNSAR of 10th at today's low (J10.SAR).

Nifty has ended finally with the development of a small triangle in the hour charts with Highs and lows for a breakout @ 5550 & 5505.
Study the pivot table; Tech.table and fibo. retracemnets to arrive at a trading strategy using RT chart.
I have reproduced the Chart posted on Sunday and market got resisted @ 5550 zone today. If 5485(wk.pivot) or the triangle's 5505 holds and the market moves above 5500 in the opening session, then a short term dash towards 5650 may emerge.
The weak momentum by the close below High emas for the past few days haven't produced lasting fall.Tomorrow's price action likely to resolve this issue.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

This is the indecisive phase, there being few possibilities unfolding. Manage your positions either with JNSAR or the changing pivots.
For a medium trader: Monthly Pivot of 5370 is important - it has been "Long" above it with periodical profit taking & re-entering.
For the short term trader: The weekly pivot of 5485 is important - it went below it to the crucial 5400-5415 zone and moved above it yesterday after stopping at 5485 on 7th march. Firm moves have been around it.
For the daytrader: It was 5455 yesterday and market opened above it and longs made money. And for today it has jumped up to 5505 and the action might centre around. 5555, the major pivot and then the 5571 highs are two resistances.

In sum, Nifty is above 5375, 5485 & 5505 - all the pivots. Shorts were created but traded as the fall from 5608 towards 5408 looked impulsive and the retracement has been slow so far and has halted @ 5532(61.82%). Above 5555 & 5568(Matches with the price resistances of 5555 & 5571), a new high past 5608 towards 200sma-5648 increases.

If you follow a mechanical system, do so as per its indications.

= = = = = = = = == = == = = = = = = = = = = = = = = = = = = = =

If you follow a method based on your observations, manage your trades with proper stop losses.

There are disheartened traders calling themselves as professional traders and fond of saying "Market can do anything" - Does this statement help me who follow the prices and make the trades with a proper plan which includes Stop loss. The only thing such a statement could do is to "Discourage me to make my trading plan" because it will leave you wondering, "what is the use of a plan when market can do anything.

My head is screwed tight quite objectively and I don't care about what the market will do or what other market players are doing. I'll do exactly what I feel this market is likely to do based on what the market has done till now. I may err on occasions along the way but they are my mistakes and that is my learning experience for which I am quite willing to pay a small fee.

Don't let the market snatch a "HUGE FEE" from you due to your inaction (as is being done in the name of education in our country) but pay your fees as in a "Pre-paid taxi"...you know your fees in advance and you're a willing player in it.

I like to teach courage and confidence and definitely not recklessness.

I have been insisting on "Trading as against holding" in this market and our premarket levels as well as Tech table have helped in that direction.

"Nay sayers" will get a royal boot here.

"Traders with confidence" will get a warm welcome.

And bakhi sab bus baitke tamasha dekho...aur apna paisa bacchake raklo and no fees for this entertainment..

Nifty resisted @ DHEma again...

This is the indecisive phase, there being few possibilities unfolding. Manage your positions either with JNSAR or the changing pivots.
For a medium trader: Monthly Pivot of 5370 is important - it has been "Long" above it with periodical profit taking & re-entering.
For the short term trader: The weekly pivot of 5485 is important - it went below it to the crucial 5400-5415 zone and moved above it today after stopping at 5485 yesterday. Moves have been around it.
For the daytrader: It was 5455 today and market opened above it and longs made money. And for tomorrow it has jumped up to 5505 and the action might centre around it using the RT chart.(Real time yahoo chart).
There are so many ways of "Following the market". I have outlined some of them under "Always start trading with these". You can find your way using the Pivot & Tech table combo. Just as the sailor has his compass, you find your own method to map your way through the prices.
VIX getting into a narrow range - watch VIX-22.50/23.00 along with price above 5550 and VIX-26.00/26.25 with price below 5460 or 5410 for some decisive moves.

Happy Women's Day

We are very different types of beings that operate and think on two completely different wavelengths. Men have this inate feeling that he is a critical thinker and a problem solver. Give a man a task and he will do whatever it takes to complete the task all by himself. Contrary to how men operate, woman will take everything that is currently happening in her life and she will basically list it all according to priorities. This is why guys prefer to work alone while women will actively seek to employ anyone who is willing to help.
The classic "I want to talk / I want to relax" situation. When a man has a hard day of work or classes, his first desire is to relax in a way that he can focus his brain 95% on the relaxation and 5% on whatever else is happening around him. He tends to go into his cave. The woman on the other hand has a completely different method for dealing with stress. The woman is more inclined to talking about what is stressing her which seems like a fantastic attempt at making herself more overwhelmed than she already is.
A woman does not talk to her girlfriends to get advice, she simply talks just to talk. This fundamental difference between how men and women communicate can cause tension and feelings of resentment. When a man is in a relationship, it’s in his best interest to listen to what the woman has to say. It’s a simple concept but men and women tend to forget that they are different. If you really want to validate yourself to a girl, it’s not how good you are in your physical prowesses, but how good you listen to what she has to say.

Just give her your ears....

Courtesy: men are from Mars and Women are from venus.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Market may continue the intraday bounce for the fall from 5608 to 5408 with few intraday dips. the retracement for the same is available in the fibo.table below - 61.8% of it comes @ 5532(R2). As per our Sunday's post 5555 is the pivot(73.6% retrace).

There are multiple resistances @ 5495 to 5526 and multiple supports @ 5402-5421.