Friday, April 19, 2013

The pretender is slain by this "Birthday Avatar"...

"Ravan abducted Ram’s wife, a crime for which he was killed by Ram himself. So says the Ramayan. The epic makes Ravan the archetypical villain. And since Ram is a God for most Hindus, Ravan’s actions make him the Devil incarnate. This justifies the annual burning of his effigy on the Gangetic plains during the festival of Dassera.
But on the hills of Rishikesh or in the temple of Rameshwaram, one hears the tale of how Ram atoned for the sin of killing Ravan. Why should God atone for killing a villain? One realizes that, like most things Hindu, the Ramayan is not as simplistic and pedestrian an epic as some are eager to believe.
 
Ravan was a Brahmin, the son of Rishi Vaishrava, grandson of Pulatsya. Ram, though God incarnate, was born in a family of Kshatriyas. In the caste hierarchy, Ram was of lower rank. As a Brahmin, Ravan was custodian of Brahma-gyan (the knowledge of God). Killing him meant Brahma-hatya-paap, the sin of Brahminicide, that Ram had to wash away through penance and prayer. Another reason why this atonement was important was because Ravan was Ram’s guru.

Thursday, April 18, 2013

Nifty, in one steady pace, closed above "all" week Emas...


Nifty Intraday Update-III



Nifty Intraday Update-II



Nifty Intraday Update-I



Nifty Pre-Market View.

There were many challenges while marking these sub-waves in a 2 minute chart.
Major one being "Remaining objective". Combining regular TA kept affirming to stay the course.
Though 3.1 started impulsively, the 3.3 was testing our patience.
Only the 1st wave unfolded remarkably with a text book characteristics but the atmosphere, then, was bearish. Only when the "Flat correction" of wave 2 unfolded, again in classic text book style and withstood the "Global sell off" that one could be sure of a big reversal and JNSAR triggered within 8 points of the opening on 16th April.
As more people know of things, it becomes a challenging task.
A new high today should complete a 5 wave move (A/1st wave) and a correction should hold around 5660 into next week.

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....