Saturday, May 31, 2014

Daring greatly requires worthiness.

There is a cultural messaging everywhere that says that an ordinary life is a meaningless life. New generation is growing up on a steady diet of reality television, celebrity culture, and unsupervised social media. I am only as good as the number of "likes" I get on Facebook...
Why are so many of us struggling with shame and feelings of worthlessness? We are living in a "culture of scarcity."
"What do you hear or see in the phrase: Never ________ enough."

Friday, May 30, 2014

Nifty, sell on rises, closes at the lower end of day's range..

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

FII's are net selling in small quantities for the last many days.
Prices, in the short term, continue to close below all key averages.
"Flat Correction" is unfolding; the direction is now "biased down" in the ST till prices continue to close below these key averages.
Holding below 7314, downtrend would continue....(7314, week pivot)
The strategy that has worked consistently well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL". Adapt to it.
On Thursday too such trade point emerged at open, the last fall (from 7338 to 7302) was retraced to 61.8% at 7325 and market fell and reached DLEma less 30 points at 7224.
Last fall may be treated as from "7295".

Thursday, May 29, 2014

Nifty, after a pause, broke below the critical mid-channel support @ 7314 and fell.

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

FII's are net selling in small quantities for the last three days.
Prices, in the short term, continue to close below most key averages.
"Flat Correction" is in the contention & the direction is now "biased down" in the ST till prices close below these key averages.
Holding above 7314, uptrend could continue....(7314, week pivot, also approx. the channel support)
The strategy that has worked well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
VIX range for the day is 7262 - 7397.
Being a settlement day, prices would behave erratically. Stick with your system and prevail over choppiness with disciplined following.

Wednesday, May 28, 2014

Nifty is pausing critically at the mid-channel support.

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I

Nifty Pre-Market View.

FII's have resumed NET selling in small quantity.
Prices continue to close above most key averages.
"Flat Correction" was back in the contention & the direction is now "mixed" in the ST.
Holding above 7271-85 or 20-30 pts below DLEma, uptrend could resume....
The strategy that has worked well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
On Tuesday, the last fall retrace provided a trade at open (from 7483 to 7269).
(Channel at 7271 and last critical hour low at 7285)
Hence, Holding above "7271-85" is stated above.
Last fall for retrace to have started from 7373...(Critical resistance at 21 hr sma)
Last rise for retrace to have started from 7275...(Critical support at 3-hr low)

Tuesday, May 27, 2014

Nifty is poised critically at the mid-channel support.

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

FII's have resumed NET selling in small quantity.
Prices continue to close above most key averages.
Green "iii" took precedence over the rest & Nifty rose to 7504 in the opening session but the last rise retrace from 7442 did not hold and the "Flat Correction" was back in the contention & the direction is now "mixed" in the ST.
Holding above 7251-69 or 20-30 pts below DLEma, uptrend could resume....
The strategy that has worked well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
On Monday, such trade got stopped out, the last rise (from 7442 to 7504) broke its "key retrace at 7454-66" and fell sharply, retracing completely 7301 too.
(Channel at 7251 and last low at 7269) Hence, Holding above "7251-69" is stated above.
Last fall may have started from 7483...and a sell on rise signal is in place which could take the prices to DLEma or lower if prices are kept below 7441.

Monday, May 26, 2014

Nifty, on moving closer to prev. top, gets sold off and ends with a "sell on rise" signal..

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

FII's have resumed NET Buying in the run up to the swearing-in-ceremony, another sentiment driving event after the "Election results day".
Prices continue to close above all key averages.
Green "iii" taking precedence over the rest & the direction is strongly "up".
Holding above 7331-41, uptrend continues towards the two highs made after the top(7414-15), above which is the 80% @7477 and then to newer highs....
The strategy that has worked well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
On Friday too such trade points emerged, the last rise(from 7260 to 7365) has held its "key retrace at 7300-13".(Held at 7301 and rose to 7381)
Hence, Holding above "7331-41" is stated above considering key hour lows..
Next rise may have started from 7331...

Saturday, May 24, 2014

Today...Now is everything!!

The chances are you've probably spent 7 of those 10 minutes replaying moments/conversations from the past and spend the other 2 minutes thinking/worrying/stressing about the future.
Research shows humans waste 97% of their focus living in the past and the future.
Both of these time zones don't exist. They are both illusions of your mind.
Your past doesn't exist - what exists is your perception of the past events.
In your future exists thousands of possible choices/outcomes/possibilities.
But - the future is only real in your mind. It does not exist.
So.. Why is living in a video tape such a bad thing?

Friday, May 23, 2014

Nifty, after 4 days of sideways stay, showed signs of upward impulsive characteristics...

Nifty Intraday Update-III


Nifty Intraday Update-II


Nifty Intraday Update-I


Nifty Pre-Market View.

FII's have been selling in small qty for the last three sessions in the run up to the swearing-in-ceremony, another sentiment driving event after the "Election results day".
However, FII's seem to be in a speculative mood to remain long in Futures market and that reflects in prices.
Prices continue to close above all key averages.
Red "b" and green "iii" direction "up".
Holding above 7247-58, uptrend continues towards the two lows(7352-64) made after the recent top and then, if strength remains & key retracements held, towards the two highs made after the top(7414-15). The strategy that has worked well with low risk-high reward ratio is "Initiating a trade at 50%-61.8% retrace with 80% as SL".
Yesterday too such trade points emerged, and towards the end, the last rise has held its "key retrace at 7250-64".
Hence, Holding above "7247-58" is stated above considering key hour lows..
Next rise may have started from 7259.80...
(7336 is 30 points + DHEma of the day)