Connect the dots...Love what you do...Live each day as if its your last., Thank you Steve.

I never graduated from college. Truth be told, this is the closest I've ever gotten to a college graduation. Today I want to tell you three stories from my life. That's it. No big deal. Just three stories.

The first story is about connecting the dots. I dropped out of Reed College after the first 6 months, but then stayed around as a drop-in for another 18 months or so before I really quit. So why did I drop out?

I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting.

Nifty signalling a weekly up momentum.

The ending diagonal(green) has bigger rally potential while the corrective up(Red) likely to lose momentum around 5300-25. It gets negated above 5330.

JustNifty TA (17th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

Nifty sells off the opening high on the back of Hour TA's -ve div.

1. JustNifty TA (14th Oct)

2. BankNifty TA (14th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Nifty breaks past 50sma & closes above it

JustNifty TA( 13th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

I have marked few numbers from TT and they show many resistances being @ 4989-4999 and many supports @ 4917-4930.
It is the weakness in Hour TA that has resulted in this current fall. How the uptrending daily TA would deal with it by protecting the supports and conquering the resistances during the time Hour TA reaches oversold status: If fails, then the day TA would turn down and Hour may only do a bounce from its Oversold conditions. This should play out in 1 or 2 days.

Nifty resisted @ 50sma(5042) with OB Hour & seeking support near 20sma(4957)/ 10sma(4915)

1. JustNifty TA (12th Oct)

2. BankNifty TA (12th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Nifty breaks out of a falling wedge; Holding above 20sma would attempt 50sma.

1. JustNifty TA (11th Oct)

2. BankNifty TA (11th Oct)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

When the market is trading in a contracting triangle, tone down your expectations of profits too and trade. Beware of false break downs and break outs as different time frames TA slug it out.
Trade with tsl or stay out for a while till a decisive break out unfolds.
Regular TA tools had given the buy and the hour TA might become OB in the PM session whence any weakness to be watched..