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.
Saturday, June 18, 2011
Namaste !
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.
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
Nifty PreMarket View
Breaking & sustaining below 5365 would lead to steeper falls.
Sustaining above 5365, intra bounces are meant to be sold into till 5455-5470.
5470-5500 is neutral zone and mildly bullish above 5500.
Sustaining above 5365, intra bounces are meant to be sold into till 5455-5470.
5470-5500 is neutral zone and mildly bullish above 5500.
Thursday, June 16, 2011
Nifty PreMarket View
One of our readers wishes to share with you....
Thanks again for all your kind work. It has been a great help for me.
Regards.
Kavi
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I just downloaded an ebook called "ultimate technical analysis" and to my surprise it covers all the aspects of TA which you have taught, to name a few, elliott waves, trend lines, fast fall-fast rise setups, Fibonacci retracements, use of indicators, protective stops etc. I have attached it and if you feel it would be appropriate for sharing with other members I hope other members of the blog will benefit from it.Thanks again for all your kind work. It has been a great help for me.
Regards.
Kavi
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Wednesday, June 15, 2011
Nifty Intraday Update-I
An excellent write up about "Astro relevance to stockmarkets" by Aarvee should find huge utility to the traders in the coming days.
Here is the KST indicator
Here is the KST indicator
Nifty PreMarket View
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.
I will not be available after 1.00PM.
Tuesday, June 14, 2011
Nifty PreMarket View
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.
Hello sir,
How are you doing.Hope you remember.I continue to follow your blog and the sar system.I had a query regarding profit bookings.Specific concern is about the way exits are shown on the table,particularly for 1st lot.
For Ex, the trade on 27-05 ,the first lot was booked out in 60 points,but the latest trade on Fri was booked out in 52 points,and sometimes i see bookings in 100+ or < 20.
How are these exits decided when you put on table.I ask because in real time trading we wont know when to book out. How do we decide when to exit.We can wait for 50 /100 /150 points,but its not a good way to book out.The second lot ,of course takes care of itself.
Hello sir,
How are you doing.Hope you remember.I continue to follow your blog and the sar system.I had a query regarding profit bookings.Specific concern is about the way exits are shown on the table,particularly for 1st lot.
For Ex, the trade on 27-05 ,the first lot was booked out in 60 points,but the latest trade on Fri was booked out in 52 points,and sometimes i see bookings in 100+ or < 20.
How are these exits decided when you put on table.I ask because in real time trading we wont know when to book out. How do we decide when to exit.We can wait for 50 /100 /150 points,but its not a good way to book out.The second lot ,of course takes care of itself.
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Profit booking is generally based on Hourly technicals as well as the "Aggressive intraday supports/ Resistances levels".
Each market moves are unique with varying TA set ups in different time frames. One needs to understand the overall market dynamics using "Tech.Table" and act accordingly.
Never attempt to find a fail-safe system. Our Part booking strategy was devised to mitigate that problem. After profit booking, if you get Nifty to initiate a resell/ rebuy closer to JNSAR, do so. This maximises profits.
Best wishes.
Monday, June 13, 2011
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