Tuesday, July 15, 2014

Happy 6th Anniversary....

Thank you for your wonderful wishes.
I wish & pray that everyone would get better insights into market & life so that riches & joy come flowing into your life in the years to come. And I'll continue my efforts to help you in that direction.
I am very much touched by your thoughtful gestures. Thank you once again.
The years have rolled by so fast.
Honestly, I did not remember this moring this special day-my Gajini memory.
Being anonymous have its benefits & great advantages. It helps you to follow the essence of Bhagavad Gita.
Having a family comes in the way of it. But then, how do you share your success if you don't have loving ones around. Be in the Now is easily said but how many can say that they have been successful in its following. We fail along the way; we get distracted by our own emotions & reactions.
Do we, then, abandon being now?...No..You persist..you go on showing compassion towards your failings and pick up from where you left. And on & on life goes on.
Thank you once again for allowing this "little spark" in your life.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

FII's have started selling after 9 days of buying- a consolidation within the major uptrend.
Prices, in the short term, have closed below two key ST averages. (As long as prices close below these, technicals remain weak; only a close/sustaining above it would reverse the ST trend)
The ST direction is "biased Down"(but oversold & attempting a bounce), as long as prices stay below 7481-88 & close below these two key averages (21 or 34 hr smas).
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. 
Aggressively Holding below 7478(3-Hr High), Conservatively Holding below 7531(DEma), downtrend continues....
Aggressively Holding above 7424(WLEma), Conservatively Holding above 7401(50DSma), minor rally likely....