Everything in life will be yours when enlightened.

HAPPY BIRTHDAY TO JIGNESH KUMBHANI (JIGS).
It is an irony of the world that the people who seek material things and desire to have them before thinking about enlightenment, tend to attain neither, but those that acquire enlightenment first are the ones who do.

The desireless attain all their desires.

Being desireless is not about having no desire, but it is about having no attachment to desire. Attachment is the cause of all suffering. Suffering is burning emotional energy on the uncontrollable.The more you suffer, the more suffering you attract.

Letting go of all attachments is the way to end all suffering.

Nifty ends the week below the critical 5185-WEma.

The present consolidation, if contained @ 4985(61.8%) OR @ 5050+(50sma), next part of the upmove could unfold from later part of next week or from last week of this month, provided Nifty does not close below WLEma.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Week Lead indicator at OB zone & poised for a turning down would attempt a close below WEma @ 5185, a number for the 2nd session.
After attempting to pierce thru' 5170 for long, Nifty did break thru' to reach 5400 and the logical support during the pull back should be "5170-less20-30 points".
If failed to hold this support, the next would be @ 5035-40, coincides with 50sma.
Having closed below DLEma on wed, Nifty on its rebound would attempt to close above DLEma(XXXX),another number for the 2nd session.
"EE" spread thru' the day.

Happy Gurpurab!!

Guru Nanak Jayanti - extensively celebrated as Gurpurab across India and the world - is one of the several auspicious religious festivals in Sikhism observed to commemorate and remember the birth and philosophy of Guru Nanak, first Sikh Guru and founder of Sikhism. Sikhs and ardent followers of Guru Nanak remember him by celebrating Guru Nanak Jayanti with great enthusiasm that usually falls on Kartik Poornima. Admirers will observe Guru Nanak Jayanti 2011 on the month of November, which is also declared as a gazetted holiday in India.

Leading the life of a wanderer for almost 12 years, Guru Nanak Devji left for the Himalayas. As per the record, it was there that he had the first direct experience of God.

Nifty breaks down from the channel support and closes below Low ema.

"Corrective mode/ Trading mode" is identified with loss of momentum with a close below High ema - you can also spot it after spotting a 3-wave move from 4728 to 5400.
It was suggested on 01.11.11 that a corrective scenario would unfold towards 5050-5100 in the coming days based on price observations and a short term top has been made. It was also advised to go in for "Writing options as Time decay would favour such a strategy."

Now what is left is for the trend indicator(lag one) to trigger. While it is in positive zone, the momentum may not be much. The 26ema which is part of the trend indicator is @ 5150(& rising) and so do Month pivot(5152).

1. JustNifty TA(11.11.11)

2. BankNifty TA(11.11.11)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

Hourly data shows the recent high as "5382"( not 5400) and accordingly the 80% retrace of the fall to 5201 comes at 5346 (Not 5360). Hence, a move above 5346 or 5360 would increase the possibilities of a break out.
"5315-5325" would be the first resistance, followed by 5335-45.

"5285" continues to be the critical pivot point.

Nifty managed to close above Pivots.

Dates in the "Stocks Files" are alright. There are times the Month comes before the Day. But the prices are alright. It is just the "Date format" complication.
1. JustNifty TA(09th Nov)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

"5280" weekly pivot - Holding above it 5335 & 5360 are possible. A firm trade above 5385 would lead to more highs/ channel break-out, etc.
Trading below 5280 would be weak(breaking Hour channel) and breaking 5250 would trigger JNSAR sell(For the first session, use a filter).

Eid Mubarak.

STory of Sacrifice: When Ismael became a young boy, God spoke to Abraham and commanded him to take his son to Mount Moriah and offer him as a sacrifice to God. This was God’s test of Abraham’s faith. Abraham loved his son very much, but did not hesitate to follow God’s words for he was a man whose faith in God was strong. As Abraham and his son reached the place where the sacrifice was to be performed, Ismael said to his father, “Father, where is the lamb that is to be sacrificed?” Abraham replied, “My son, God will provide the lamb”.

It is not known how eventually Abraham told his son that he was to be the sacrifice, but Ismael courageously laid on the sacrificial place ready to be sacrificed for god. As Abraham was taking out his knife, his hands were trembling. He was about to sacrifice his son when heard the voice of God saying, “Abraham, Stop! Do not hurt your son. You have proven your faith and shown how much you love Me by willing to sacrifice your son for Me. Therefore, I shall bless you and your family, and through you, I shall bless all the nations on earth”. God also provided a lamb for the sacrifice. Abraham went home along with his son, and their hearts full of love and faith.
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