Once upon a time, there was an ashram in the Himalayas where a great sage and his disciples lived. They all respected their Guru not only for his knowledge, but also for his love and kindness towards all.
Because of his kind nature he often accepted disciples who were spiritually immature. This resulted in silly misunderstandings and quarrels among some of his disciples breaking the peace and tranquility of the hermitage.
Friday, June 17, 2011
Thursday, June 16, 2011
Wednesday, June 15, 2011
Correction for the upmove from 5437 to 5520 is on and upto 5475-5470 is normal. Beyond the 61.8% retracement at this juncture, especially with +ve US mkts would suggest bearish undercurrents. Besides market is continuing to trade within this range of 5435 to 5605. Lower break down point (Weekly trendline) comes at 5380(approx). Major fall below 5380 (5400PE having highest OI); and the short term rally continuing possibility only above 5520.
Tuesday, June 14, 2011
Tangotaurian, One of our oldest reader has created an excel file called TRADING SIGNAL that would benefit both index/ stocks traders to calculate various levels as well as auto generate trading signals. Though it has many stocks in it, you can choose to keep the number you wish to track in them, deleting the rest. He has made your job quite simple. Thank you TT.
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Following is a classic example of reading oscillators in combo with two time frames - here for short term traders with Day & Hour. Since the first sell emerged coupled with a close below DHEma on 3rd June, it has been a sell on rises till the Daily Lead indicator generates a buy.