Have you realised your true identity..speciality..?

Am here to complain, to cry and to vent my anger. Where am I now? Nowhere near the promises, far away from the dreams, so mean and low that even I don’t like myself. Am going to ask God straight to the face! Why didn’t You give me a better life? If He knew the kind of mood I was in, He’d not come but there He’s. He’s come with his characteristic smile as always.

“So, tell me. Which is the bigger sin? To kill a man or to kill a dream?”,I started with a question.
GOD said, “What doubt is there? You can’t take anyone’s life including yours. That’s the biggest crime. After all, no one can kill your dreams, including yourself. Dreamless life is lifeless life. It can’t even exist. So the first one is the biggest crime”.

Nifty, having closed below DLEma, gathered downward momentum..

Follow the market using "whatever study you have chosen" in a consistent, disciplined way.
Resist that temptation to think as they are often "irrational & whimsical".
Once all technicals fall in place, it is a matter of "who sits tight the longest" takes the maximum gain.
Each market is different and hence one should not apply the same technique & approach to different markets.
Today's market has culminated after a "weekly sell and then an hourly sell, followed by a daily sell and there was no momentum in month".
How much ever you may study, research, "being exposed to various markets first hand" enriches you and if you are a keen observer and believes in market psychology, such markets keep coming back to reward those who 'remember".

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

• Weekly pivot @ 5219 & JNSAR+20 pts filter @ 5237 are the resistances. 
• Technicals are down. 
• All the supports @ "5136-5155-5171" have not yielded sustainable rallies. 
• Break of 5180 would suggest of a decline below 5155 towards 200sma & lower. 
• How lower, we have no clue. However, by following technicals in the most objective way, we'll stay with the trend/ exhaustion of trend to make sensible trades. 
• As per EW, the 1st wave dn from 5280 may have been done @ 5180 or may make its low at open and a small bounce may follow.(Though we expected the same yesterday, we also had an invalidation point @ 5215, opening below which our concern was voiced)
• Similarly opening below 5170 would be of concern today.
• Holding above 5170, in the opening session may lead to a minor bounce to sell into..

Nifty's golden ratio trade continues with a weak opening below 5215, pausing @ 5180(80%)

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

Crorepathi said:I have a methodology for beginners to learn JNSAR trading, which some of my friends are doing successfully
1. Select few scrips of nifty 50 i.e Tata motors, Wipro and RIL
2. Buy just 2 stocks when JNSAR long triggers and sell when JNSAR triggers and no shorts as these are stocks.
3. Do for a month with 3 stocks and move to NIFTY BEES.
4. Once well versed with nifty bees move to mininifty then to nifty futures.
Advantages: Low investment i.e - not more than Rs.5000. As any 3 of the stocks will be triggering now and then, the learning process will be quickened. As these are stocks, one can hold without loosing capital.
ilango says: Whenever Nifty is closing between DHEma and DLEma, it is in a range bound mode and one should accordingly part book @ resistances and supports(Trade). We have been posting & alerting such resistances and supports regularly. Take advantage of them. Evolve into a better traders by applying the right kind of discipline to various kinds of markets. There is a market to hold and there is a market to trade and there are markets to stay away too.

Nifty, resisted @ golden ratio, continues to close below momentum showing High emas.

Such weakness after a short term reversal could only be because of a 2nd wave correction(1st being the rise from 5155 to 5262 or 5280). If so, the correction should restrict itself to 5195-5215 zone and start its 3rd up wave tomorrow itself. Failure to do so would indicate the bearish golden trade of today's(61.8% of the 5-wave fall @ 5271+ coincided with an "abc-3 wave" rise from 5155 to 5280) to assert itself for more downsides.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View.

"5271-61.8%"-is the immediate resistance above which 5305-80% & 50sma @ 5312. A close above 50sma would add strength to the upmove and inability would add to the doubts. "5222"-Mondy's intra double bottom & 5DEma is the immediate support breaking of which could be the first aggressive signal of weakness and the next minor support @ 5215(5DSma).
It's a "5215 to 5315" tussle.

Nifty retraces almost 61.8% of the last fall but keeps its ST TA "up".

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty Pre-Market View

Having completed a 5 waves from 5342 to 5155, Nifty is on a bounce(Or could be a reversal which will be confirmed above 5271 & 5306) towards 5250-70(50% & 61.8%).
Play the ST reversal with appropriate SL.
Being the last day of the month, a close above 5201 is the minimum requirement to keep bullish sentiments and a close above 5310(Pivot) would add strength.(Or atleast the developing May month's pivot)