Work Without Motive

Swami Vivekananda's talk:

The Gita teaches karma yoga. All work must be done with concentration (yoga). In such concentration in action (karma yoga), there is no consciousness of the lower ego present. The consciousness that "I am doing work" is never present when one works through yoga.When we work with concentration, losing all consciousness of ourselves, the work that is done is infinitely better. Every one may have experienced this in their own lives.

We do many things unconsciously, such as the digestion of food etc. We do other things consciously, and some things we do by becoming immersed in Samadhi, as it were, when there is no consciousness of the ego. If painters lose the consciousness of their egos and become completely immersed in painting, they will be able to produce masterpieces. Good cooks concentrate their whole self on the food-material they handle; they lose all other consciousness for the time being. But people are able to work perfectly in this way only in fields they specialize in. The Gita teaches that every work should be done in that way. Those who are one with the Lord through Yoga do all work by becoming immersed in concentration. They do not seek any personal benefit. Such a performance of work brings only good to the world, no evil can come out of it. Those who work thus never do anything for themselves.



The result of every work is mixed with good and evil. There is no good work that has not a touch of evil in it. Like smoke round the fire, some evil always clings to work. We should engage in those activities that bring the largest amount of good and the smallest amount of evil. One example of this is the killing of Bhishma and Drona by Arjuna. If this had not been done, Duryodhana could not have been conquered, the force of evil would have triumphed over the force of good, and thus a great calamity would have fallen on the country. The government of the country would have been usurped by a body of proud unrighteous kings, to the great misfortune of the people. Another example is the killing of Kamsa, Jarasandha, and other tyrants by Sri Krishna. Not a single one of Krishna’s deeds was done for himself. Every one of them was for the good of others.

We are reading the Gita by candle-light but, at the same time, many insects are being burnt to death. Thus it is seen that some evil clings to even good work no matter what. Those who work without any consciousness of their lower ego are not affected with evil, for they work for the good of the world. To work without motive, to work unattached, brings the highest bliss and freedom. This secret of karma yoga is taught by Sri Krishna in the Gita.
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Karma Yoga is taught these days as "Power of Now"...
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Vivekananda's Quote of the Day

Why are people so afraid? The answer is that they have made themselves helpless and dependent on others. We are so lazy, we do not want to do anything ourselves. We want a Personal God, a Savior or a Prophet to do everything for us.

Nifty has Bullish 5th wave possibility..!!

Bulls back with a good recovery to close above the 5DMA to keep the further upmoves possibility alive.(5 days of action packed into 3 days of trading)
Yesterdays action indicated weakness/ selling at higher levels. However, as most of the TA parameters indicate continued bullishness, ride on till reversal indications arise. Let us not anticipate unless - ve div develops in hourly initially.
The range for the past many days 3300-3350 to 3495-3517 is still being traded on.
Staying above 3440 levels, Nifty may head higher towards 3550-3650.
Fall below 3380 will weaken the bulls.
Closing below the previous day's low(Or Week's) is another weakening indicator.
A channel break initially indicates a 4th wave confirmation and the reversal back into the channel - the 5th wave heading higher.

Nifty breaks the channel & closes below daily short term averages..

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8.55AM - 29.04.2009
Having shown a 2 day reversal, market may do a bounce for this fall with a 2-way move today being the last day of settlement.
3355-3385 may be a support zone with 3440-3470 a resistance area.
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Nifty finally caved into the weakening TA with some -ve div, a potential double top, consistently weak world cues and a major channel break coupled with 2 day swing reversal & closing below short term averages.

During the earlier fall from 3510, 3295-3310 gave multiple supports.
Now the 20 DMA has moved up to that range. So we might pause around that level again.

Market has shown resistances at 3420 & 3440...and now towards supports.
With daily having turned down, it is unwinding as well as sell on bounces till a reversal signs emerge...

Nifty maintains uptrend inspite of weak world cues..

Uptrend continues. But momentum has weakened..If it is a correction, it should hold 3440 or 3400.A move past 3485-3495 may bring in the momentum.
With a long weekend ahead, volatality will be high as it was today.
Buy/ sell in the range of 3420 - 3520. Break on either side may bring in the momentum.

Getting rid of ghosts

For years, Hitoshi tried in vain to awaken the love of the woman he believed to be the love of his life. But fate is ironic: on the very day that she finally accepted him as her future husband, she learned that she had an incurable disease and would not live for very much longer.

Six months later, when she was about to die, she said to him:

‘Promise me one thing: never fall in love with anyone else. If you do, I will come every night to haunt you.’

And then she closed her eyes for ever. For many months, Hitoshi avoided other women, but fate continued to be ironic, and he discovered a new love. When he was preparing to remarry, the ghost of his ex-beloved kept her promise and appeared to him.

‘You are betraying me,’ the ghost said.

‘For years, I offered you my heart and you rejected me,’ replied Hitoshi. ‘Don’t you think I deserve a second chance of happiness?’

But the ghost of his ex-beloved was not interested in excuses and came every night to frighten him. It described in detail what had happened during the day, the words of love that he had spoken to his fiancée, the kisses and embraces they had exchanged.

Hitoshi could no longer sleep and so he went to consult the Zen master Basho.

‘It’s certainly a very intelligent ghost,’ said Basho.

‘It knows everything down to the last detail! And now it’s ruining my relationship because I can’t sleep and during intimate moments with my fiancée, I feel somehow constrained.’

‘Don’t worry, we’ll get rid of the ghost,’ said Basho.

That night, when the ghost returned, Hitoshi spoke first, before the ghost could say a word.

‘You’re such a clever ghost, I’d like to make a deal with you. Since you watch me all the time, I’m going to ask you about something I did today. If you answer correctly, I will give up my fiancée and never take another wife. If you answer wrongly, you must promise never to appear again, or else be condemned by the gods to wander for ever in the darkness.’

‘Agreed,’ replied the ghost confidently.

‘This afternoon, when I was in the grocer’s shop, at one point, I picked up a handful of grain from a sack.’

‘Yes, I saw you,’ said the ghost.

‘My question is the following: how many grains of wheat did I have in my hand?’

The ghost realised that it would never be able to answer that question and, in order to avoid being pursued by the gods into eternal darkness, it decided to disappear for ever.

Two days later, Hitoshi went to Basho’s house.

‘I came to thank you.’

‘Be sure to learn the lessons your experience has taught you,’ said Basho. ‘First: the spirit kept coming back because you were afraid. If you want to rid yourself of a curse, simply ignore it. Second: the ghost took advantage of your feelings of guilt. Whenever we feel guilty, we always unconsciously long to be punished. And finally, no one who truly loved you, would force you to make such a promise. If you want to understand love, first learn about freedom.’

**A story from Paulo Coehlo.

Nifty confirms the reversal with a follow up action.

Nifty is trending up with intra running corrections..Reduce longs only on a fall below 3440 or 3405.
The minor -ve div in 5-minute may be due to running correction. A gap up will set it alright.
Shortened settlement week will be packed with action. Trade the direction and start booking out in parts as per your risk profile.
Daily stochastics is moving up halfway, indicating uptrend for a minimum of 2 days. Buy on dips should continue.Hourly low ema @ 3444 will be an aggressive SL for longs.

Nifty reverses with a 2 day swing, keeps the channel intact & closes above 5-DMA for the 5th burst..!!

Nifty reversed just near the channel bottom after consolidating for the past 5 days with a series of LH &LLs.
The low ema gave the perfect low for the day. Only a close below will warrant an aggressive shorting exposure.
5DMA has turned up again indicating fast moves ahead. And so too stochastics in daily charts.
Though Nifty went past the high ema but has closed below that.Momentum increases on a close above that.
Sl for longs should be around 3370.
As Nifty has closed above the 200DMA again(3395), it should become a support zone.

I wish to stress a point here: Never miss a divergence play. Big money is made on them..please.

Nifty confirms the short term trend down..but "OS"..!!

Channel break is below 3295. A gap down can target upto 3160.
A close above 3365 is the min. requirement to arrest the downtrend. 2-Day swing reversal is above 3415.
Lower highs and lower lows are continuing.
There is minor positive divergences in the "5-Minute" charts.
There is no secular downtrend and stock specific buying & selling continues with some stocks hitting new highs of this uptrend with good volumes.
Till the weekly trend turns down(Below 3150), look out for some buying opportunities in "corrected stocks" in the coming days.

Nifty corrects as long as 3310 holds & falls below 3265..!!

Series of lower tops indicating profit booking/ selling at higher levels.
Lows in the range of 3300 - 3350 has been holding well so far in the last many days.
If this is a 4th wave, then a reversal from 3314 will make new highs..
Incase of a fall, 10 DMA at 3325-3350 might offer support.
A Fall below 3314 may lead to 3285-3250.
If Nifty holds 3312 and moves past 3414/3441 levels, it may get higher.

Nifty's corrective scenario.

With world markets having started a big gap down fall suggesting a correction to the entire rise from the March lows,the likely retracements work out to:
23.6% - 3281
38.0% - 3142
50.0% - 3025
61.8% - 2910

This retracement will happen in two phases with a rally inbetween. A most likely one is to take a support at 20SMA first(3150-3175) and a rally & then a fall towards 50 SMA(2970-3025).

Trade accordingly.

Nifty finds buying at 3300-3350 during corrections..with series of lower tops..

Series of lower tops indicating profit booking/ selling at higher levels.
Lows in the range of 3300 - 3350 has been holding well so far in the last many days.
If this is a 4th wave, then a reversal from 3300 will make new highs..Incase of a fall, 10 DMA at 3325-3350 might offer support.
A Fall below 3350 may lead to 3285-3250.
Hourly high ema gave the loss of momentum few days ago and the same has reflected in the daily high ema. The low emas have been giving reasonable supports so far. Though Nifty has closed below 5 DMA for the past 3 days, it has managed to close above 5 EMA all these days.
If Nifty holds 3300 and moves past 3410/3425 levels, it may get higher.
Individual stocks are finding volume based buying after some corrections suggesting the past few days moves as "Corrections".Use the world cues to your advantage and play by our market's technicals.
Positive divergence during the afternoon fall resulted in a strong bounce.The corrections can continue for more days if the sloping topline is not broken on the upside.(3470)

Dream on irrespective of your age..!!

just in case you haven't seen the video clip yet of
Britain's Got Talent! You must click on the link below and watch it!
If you have already seen it, watch it again!
Also, there's two very powerful lesson here.

1. Don't judge a book by its cover!

2. You're never too old to have a dream come true!

Click Here To Watch Susan Boyle!

Enjoy!

Who: Susan Boyle
What: She won the hearts of the skeptical judges and audience of Britian’s leading entertainment show, ‘Britain’s Got Talent’ with her rendition of 'I Dreamed a Dream'.
Why she counts: For refusing to let her circumstances deflect her from her dream of singing. She wanted to make it to the show to prove to her late mother that she could do something with her life. Boyle loyally cared for her widowed mother until her death. She grew up in one of Scotland’s most deprived areas, which had a high crime and unemployment problems and is the youngest of nine siblings. She lives alone with her cat Pebbles.
What’s on the cards: Her unforgettable performance of ‘I Dreamed a Dream’ from the musical ‘Les Miserables’ has fetched her an invitation to sing on Oprah’s show, CBS and other major networks. Boyle, unemployed so far, has become the hottest internet sensation of the year.
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Reproduced from "Times of India"..
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So Dream on..!! And never mind what others might say ..!!

Nifty closes below 5 DMA for 2 days but 2 day swing reversal below 3354.

Oversold Nifty rallied by 80+ points in the morning and selling emerged at higher levels. This market is tired and asking for some rest..
2 day swing reversal will be below 3354. Major support level at 3307-3312 which might offer a bounce incase of flat world mkts. Break of 3307 will lead to more heavy unwinding.