Nifty breaks out of the channel and yet to close above High emas for momentum.

Forget the naysayers.
Take your time to learn and stand on your own two feet. Let it take a week/ month/ year..
This financial jungle is actually kids stuff...be persistent like that kid...be patient like the kid.
To make money in the market, you definitely don't have to be a Jesse Livermoore.
Forget about 20 to 200 trading rules... Generate your own based on your experience.
I still insist, even if you have achieved a fantastic result, do not harp on it here or anywhere.
Staying away from market talk will keep you focused on the real market.
Not talking about your winnings will avoid you becoming a "headstrong Arjuna".
There is absolutely no time to waste on what you did with your today's trades.. Learn from them., make a note on them and start preparing a plan/ strategy for the week., next day and so on.
Atithi Tum Kab Jaoge? But he stayed on & made a permanent place in everyone's heart with his deeds.

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

This blog will remain easily accessible to everyone so that "Sharing could continue seamlessly". Thank you for your suggestions.

Nifty, downtrending, knocking on Channel resistances

Blogging is a way of commitment to our thoughts and sharing of the same with interested readers. I have always applied what is being learnt and it has been a tough journey applying all that was taught and learnt on the way.
This platform is to share such "Applied Knowledge" and not to share one's "achivements" and on that score there can never be any dispute and absolutely no compromises. It serves nobody's cause except a glorious ego trip for the boaster.
No one really cares for what you did with your trades or how you predicted the fall some many months ago...We all have such intuitive feelings about the market at various times but what use is it to anyone if there are no reasoning to it. Our aim is to bring some order into reading/ observing the prices using certain tools and approach the market with some strategies..
If you want to help your fellow readers, share your strategies and its reasonings time & again. You will grow in sharing. If you can't, don't spoil the place.

I am aware it is an open space and intruders are difficult to be kept at bay. If no sense sets in them, I'll have no other option but to make it "Invitees only".

Swami Vivekananda says,
"Take up one idea. Make that one idea your life - think of it, dream of it, live on idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success."
"“Do not stand on a high pedestal and take 5 cents in your hand and say, "here, my poor man", but be grateful that the poor man is there, so by making a gift to him you are able to help yourself.It is not the reciever that is blessed, but it is the giver.Be thankful that you are allowed to exercise your power of benevolence and mercy in the world, and thus become pure and perfect.”

Nifty Intraday Update-III

Nifty Intraday Update-II

Hour High Ema is conquered after a long time.
"5770" NS holding is important to continue this rally towards resistances 5825 & then 5840 above which more strength will be seen.

Nifty Intraday Update-I

ORB: Buy; Hour JNSAR: Buy; Hour J10.SAR: Buy;
Now for the follow up prices to stay above "5800-5805NF" to sustain a rally to 5860-5875NF.
Bearish trigger would be a break of 5755NS or a close again below HLEma.

Nifty PreMarket View.

Keeping below 5820&5840, Nifty is likely to move towards a new low and while trying to establish a short term bottom, high volatility will be seen. A firm move past 5840 is a sign of reversal for the "short term". This conservative suggestion to create longs is based on highly oversold hourly TA and likely supports around 5600-5650 zone.
IT stocks seem to show such a reversal possibility.

Your life changes when YOU change

One day not too long ago the employees of a large company in St. Louis , Missouri returned from their lunch break and were greeted with a sign on the front door.

The sign said: "Yesterday the person who has been hindering your growth in this company passed away. We invite you to join the funeral in the room that has been prepared in the gym."

At first everyone was sad to hear that one of their colleagues had died, but after a while they started getting curious about who this person might be. The excitement grew as the employees arrived at the gym to pay their last respects.

Everyone wondered: "Who is this person who was hindering my progress? Well, at least he’s no longer here!"

Unsung heroes in uncommon places visited by angels..

During one of our visits to Chennai and after a simple Temple Darshan we entered a Book Store and started searching for this Book on Tattva Bodha.We found many people buying various Books and CDs and from their smart walks and accumulation of CDs from Bhajans to Bombay Jaishree,sent a nice feeling in us,that,we have come to the right place indeed.
I was looking for this Book while my wife started collecting Bharathiar's songs and Ms's Music.I searched everywhere for this Book.There was this girl Kalaivani, standing next to the Cashier, sincerely watching all our movements..a black girl,should be from a nearby Village,might be 17 or 18, should not have crossed 8th Std., might be out of poverty she is here..all my journalist's brain unnecessarily calculated about this gullible girl..and though she was repeatedly watching me, I ignored her and started searching for"Tattva Bodha"

I saw many books from "Sandhya Vandanam" to Swami VIvekananda's Chicago Speech" but having spent a good 40 minutes..I looked at her..she also looked at me curiously.I asked her,knowing fully well that such a girl cannot have any idea of anything,leave alone Tattva Bodah..

Nifty, downtrending in a channel, breaks most supports

I am grateful to this person who felt right to question my decision to bend the rule which could have misled readers as well as create confusion in following a system. Here is his mail.

show details 8:56 AM (8 hours ago)

Sir,

I don’t know that I have right to say this or not, but couldn’t control, so sending this mail

You made a system with different options like ‘intra’, ‘conservative’, JNSAR…etc. Each system behavior, result & risk vary. And its working very well. You made the system with some rules for each option. Yesterday I surprised, when you mentioned exit JNSAR also. I felt you are showing violations of rules. May be JNSAR people may miss 200 + points I agree. But JNSAR option is like that. I mean JNSAR is slow but consistence. That is JNSAR nature. Why to break it?. We have option of ‘conservative’ with that we can go long. Let system behave its natural way.

I am following both conservative and JNSAR. If you told “Conservative long” alone, I would have exited my shorts.

I wanted to write this mail before market starts. Coz result could be +ve or –ve. My mail should not reach you before result.

Hope you got my point. May be I am wrong too coz I am not in your place. And I don’t know any thing about market. This mail is just to avoid people who is trying to look –ves in the system.

Regards

************************************************************************

THURSDAY, NOVEMBER 25, 2010

Nifty closer to the Monthly channel support...

Lower lows & Lower highs are intact.
Every smaller consolidations led to another low and it still continues till the resistances are conquered and supports are established.
It is foolhardy to catch a falling knife. We did that closer to the close "hoping" that 100sma/ Monthly channel supports(5750-5760) holds and the settlement blues are out of the way with today's closing.
However, it is not the "Thing to do" when you apply Technical analysis.
What we presume as a "falling wedge" can become a "running correction" and markets can fall sharply too on the back of weekly TA...
One day to the weekly close and 3 days to the monthly close. Market is trading below all weekly ema and below Monthly High ema. Can it attempt a Nov close above 6014..??.. 200 + points. Bulls will dash for it if they have any steam left.. Bears seem to sense something BIG here.
Some Open Interest analysis would help..

Thank you for your concern. I admitted to this error in the previous day's post itself. It is a mistake to "Tinker with the established SAR Method". I managed it it with "ORB" in the morning. I'm not sure whether any one who followed my "Long suggestion" reversed their trades today. This system was devised to capture the big moves and it will remain so.
Our aim will be to "Apply TA" in the most objective way and "Stay Clear" of personal opinions. For those who were misled by this action of mine, my sincere apologies.

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View.

While playing positive divergence, you are initially risking till prices confirm by a move above short term average and then you raise your SL and trade as the price moves in your favour. This is only a "Hour +ve div"..Look for a reversal in daily TA..One step at a time.

Nifty closer to the Monthly channel support...

Lower lows & Lower highs are intact.
Every smaller consolidations led to another low and it still continues till the resistances are conquered and supports are established.
It is foolhardy to catch a falling knife. We did that closer to the close "hoping" that 100sma/ Monthly channel supports(5750-5760) holds and the settlement blues are out of the way with today's closing.
However, it is not the "Thing to do" when you apply Technical analysis.
What we presume as a "falling wedge" can become a "running correction" and markets can fall sharply too on the back of weekly TA...
One day to the weekly close and 3 days to the monthly close. Market is trading below all weekly ema and below Monthly High ema. Can it attempt a Nov close above 6014..??.. 200 + points. Bulls will dash for it if they have any steam left.. Bears seem to sense something BIG here.
Some Open Interest analysis would help..

Nifty Intraday Update-III

Nifty Intraday Update-II

Nifty Intraday Update-I

Nifty PreMarket View

"5885-5905" may be the initial resistance zone above which 5940-45.
It could test "5790-5815" if unable to move past either 5905 or 5945 & reverses.

"New Visitors" will do well to read on Tech.table reading as well as JNSAR method along with the most concise "Applied Technical Analysis" and start trading. To gain indepth knowledge, go through all the write ups listed under "Always start trading with these"... The secret to success is "Secrecy itself" - stay balanced in both success & failures and never get carried away by these extreme emotions whereas it is only at such junctures you need to be more alert to the "opportunities" og booking profits or reversals..
Get Rich Slowly and Surely..

Nifty finds the earlier support 5965 tough to cross.