Discover the beauty & Love within & around you..

The little girl lived in a small, very simple, poor house on a hill and as she grew she would play in the small garden and as she grew she was able to see over the garden fence and across the valley to a wonderful house high on the hill – and this house had golden windows, so golden and shining that the little girl would dream of how magic it would be to grow up and live in a house with golden windows instead of an ordinary house like hers.

And although she loved her parents and her family, she yearned to live in such a golden house and dreamed all day about how wonderful and exciting it must feel to live there.

Nifty gaps up into the resistance zone & retreats a little.

1. JustNifty TA(10th Oct)

2. BankNifty TA(10th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

I'm reproducing an interaction with "AshishAg" who has been insisting on the "ivth" wave continuation.....

"It is possible that the 4th wave is still continuing. My reservations are that Bank Nifty has broken below last low by a wide margin whereas Nifty hasn't, which led me to look for an alternative terminal in the way of an ending diagonal.

If the today's upmove with a break above 4800 gets contained within the falling channel, then ED continues. If breaks past the channel decisively, then we should label the "iv"th as an "abcde" and the last fall from 5034 to 4728 as "v"th.

Regular TA, barring Daily, does not conform to a bottom yet. So above 4800, one could stay long till 4910-4930 comfortably and look for weakness OR Continued strength near 4930."
If you start the ED from 5169, then the terminal ED has ended @ 4728.The confirmation of the same would be a faster retracement of 5169.

How to Become Financially Independent in Seven Years or Less - Happy Dassera to you & Family.

Mark Ford, editor of the Palm Beach Letter recently received a letter from a reader who is 47 years old and has a net worth of $25,000.
"What good will compound savings do for me?" the reader asked. "I don't want a million dollars when I'm 70. I want it now."

Nifty stays down lacking momentum.

1. JustNifty TA(07th Oct)

2. BankNifty TA(07th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

The slowness in the current fall which is contrary to a "swift vth wave" compels us to look for other alternatives and we found an "ending diagonal in vth wave".
It means each fall will be lesser than the previous one and each rise too smaller than the previous one with the channel lines converging/ narrowing into a smaller range and finally the break-out of this narrowing channel top.
If we assume that the ending diagonal started @ 5168, then the first part of the fall ended @ 4758(410 points) & then a rise to 5034(276 points-67%) and now this latest fall should not be more than 410 points(5034-410=4624) and preferably 80% of the previous fall which is (5034-328=4706). Once this fall is over, if not done already, a 61.8% to 80% of retracing upmove will unfold.

In sum: Below 4624 deeper falls; Around 4706, it could reverse and move up by 200-250 points. Watch the last channel drawn for the fall from 5034-4728.

Oversold Hour with +ve divergences too favour such a possibility.

If you find it all "too much to digest", Stay with JNSAR as even if you miss the bottoms & tops, you'll still be left with a sizeable "Chunk of the body".

Nifty falling, sofar, into a wedge pattern.(Two moves pending)

1. JustNifty TA(05th Oct)

2. BankNifty TA(05th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Thank you for the "Energy Exchange"...I'm overwhelmed by your response. Thank you.

Nifty gaps down & stays down.

1. JustNifty TA(04th Oct)

2. BankNifty TA(04th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Nifty needs to break below 4870 decisively & BN 9260/9225 to continue the impulsive down move. So far it has done the "most obvious" and following it patiently would lead you safely.

Energy exchange is essential to a healthy interaction & sharing of our thoughts and views...

In pursuit of truth...it is always a road less travelled.

An error does not become truth by reason of multiplied propagation, nor does truth become error because nobody sees it ................Mahatma Gandhi.

If you choose to pursue the path of truth...be prepared for those struggles..embrace them. Be prepared to walk down that road less traveled, often lonely but enriching beyond anyone's imagination.

If you want to be successful in your chosen profession...relationship, embrace truth as it has only one destination..that of success, often ill defined by the world. In our profession too..trading..truth is what separates a winner from the losers. Learn quickly to see this truth. Once you realise this truth, you'll know in your heart that all you need is just the basic knowledge and a "load of confidence". What is lacking in most is not the knowledge..it is available free and in easily understandable format too. But confidence...where do you get it. Start being truthful and be willing to stand your ground at the cost of being ridiculed or even face failure and this act consistently enacted will lead you to that path less travelled but en"riching" nevertheless.

Start this simple journey of getting rich slowly and quietly.