Thursday, June 26, 2014

Nifty Pre-Market View.

If you can't follow the market after choosing a particular method/ study with discipline, do not label it a myth as in sour grapes. The tendency of most has always been to find the "blame" outside when it actually resides in "self" just as "most people look for GOD outside when He resides in us".
Life is all about seeking knowledge and taking risks.
"There is the risk you cannot afford to take and there is the risk you cannot afford not to take"-Peter Drucker. 
"It is not because things are difficult that we do not dare. It is because we don't dare that things are difficult" - Roman Philosopher Seneca.
You live your life the way you choose to and reap its rewards and face its consequences. No one can force it on you unless you allow it. Take some time to reflect on it. All the things that happened in your life are because of your choices...choices that you made today or much earlier...
Why then this constant conflict, complaining, whining ? If you can not get on with it, "allow" other sincere, earnest ones to carry on with their journey by stepping aside "graciously".....
I repeat , Get Rich Slowly & Quietly.....
...................................................................................................
FII's have increased the buying with a large qty., typical of consolidation with in the major uptrend.
Prices, in the short term, have closed above two key ST averages.
"Consolidating 2nd wave" seems to be done at 7442, requiring "holding of key retrace points at 7500-18; The ST direction is "biased up" till prices continue to close above DEma & these two key averages (21 or 34 hr smas).
Aggressively Holding above 7537, Conservatively Holding above 7500(due to settlement concerns), rally continues....(There is some similarities in the "7433 to 7361" consolidation to the current one!!!
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".

18 comments:

D.S.SASAN said...

Good Morning Dear Sir, Bros. & Sis's,

Have a Hapy Day.

Prakash said...

gudmorning master and all fnrds

Guru Krishnan said...

Good Morning Master and Friends have a great day ahead!!!

Guru Krishnan said...

Master with you permission ---

Will have an expiry day contest today...rules are simple
1. One number to be given (no range is allowed)
2. It should be backed with reason
3. Last entry will be 2.30pm.

Lets start the game!!

Ganesh IC said...

Good Morning Sir & JN Family

Suraj said...

Good morning Ilango Sir and Friends

Guru Krishnan said...

I shall the spreadsheet after 2.30pm...Master will decide the winner for the day!! Lets c who wins today :) :) all the very best guys!!

Guru Krishnan said...

*I shall *share* the spreadsheet after 2.30pm

Prabhanshu Raman said...

Itna sannata kyun hai bhai???

Prabhanshu Raman said...

there was triangle bd in 15 mins below 7547, having 2nd tgt as 7490

Prabhanshu Raman said...

now, 75kpe liquidating and 75ce adding....now wat?

Prabhanshu Raman said...

one more low and 5 completes from 7578?

anand said...

My expiry will be 7597 (2 day cross over) , where rupee is looking towards wave D(59.7) and shows the breakout

Rajaram'z said...

JNSAR Short now (7555-30=7525), SL and reverse @ 7555.

Sonu said...

GM Master and All!

Have a profitable day!

Sonu said...

PCR for 7500 strike down from 2.4 to 1.6 in minutes

http://www.niftytrader.in/nifty-option-oi-trend-intra/

Post a Comment