Monday, May 27, 2013

Nifty Intraday Update-II


Nifty Intraday Update-I



Nifty Pre-Market View.

Immediate resistances are 6013(38%) & 6026(21HrSma)above which 6039(DEma).
Below 5958-67(Intraday supports during the current bounce from 5937), it could move towards 5940 & lower to 5923/10.
Another low would complete a 5 dn from 6229 for a relief rally.
If 5937 is protected & it surpasses 6061(61.8%), it will take the form of a corrective.
"6050-61" is Wk.Pivot-61.8% above which strength.

Saturday, May 25, 2013

For a richer life, stay still & calm...make it your "habit"...

John D. Rockefeller had a difficult childhood. His family bounced between poverty and comfort because his father was a con-artist. The elder Rockefeller traveled the countryside of upstate New York selling patent medicine which was often simply "snake-oil." The Rockefellers didn't exactly fit in where they lived in the small New York village.
Just like most small towns, everybody knew each other. Gossip and rumor spread like wildfire. And the village scorned Rockefeller's father who they correctly thought was a snake-oil salesman. Whispers followed the family, they were excluded from social life and young John could not help but hear the vicious things the villagers said about his family.

Elliot's Impulse waves.(Part-5)

IMPULSE WAVES :- The Basics Waves that move the market in the direction of its main trend either up or down are called Impulse waves. 1....