mkt news

(Ilango)

When I am directionless in any aspect of my life, I take the books of my Kids when they were in LKG & UKG and try to recollect those parables taught during my 1st std.

Unfortunately the things you really need to apply in your life is taught so early in life and so much garbage is taught subsequently that the Gems have been buried deep in our minds and they are not recalled when you start your life in the real world.

So you end up taking life in a complicated way..your relationships, your work & business and even your spiritual life. It is never a simple matter. Too much discussions..too little actions...too much searching...too little living.

As humans have evolved, Some have learnt this art of leading a simple but clutter free way of approaching life but unfortunately many have been mislead by the well intentioned parents and teachers to lead a much complicated life.They are preparing the kids for a future battle with the weapons and techniques used in their past not allowing a creativity to blossom in those budding minds. Nothing is simple for them. Mericifully you get a "Kalam" to ignite those young minds.And they complain that the new engineers lack practical skills.?

To reach GOD, only rituals are important and the supertitious have gained monumental proportions and bearing a pure heart is no more relevant..They started many rituals to bring people out of their homes to closer to GODS but the relevance is lost in Modern days.And they are still searching for the GOD outside in cities, in states, countries and in galaxies too.?

Similarly people copy other successful businesses but without the spirit of service, it ends up a failure. In relationships the heart is given a go by but etiquettes, deals & gifts and all the rest are occupying with too much noise.And when it fails, they will complain..what went wrong.?

As long as this searching outside goes on, there is no salvation for any. You have it in you. It is not difficult. You try hard, you will chase it way. Just be..Allow that to happen to you..And beleive me, if you are sincere and honest in your approach, the way will appear before you miraculously..Yes..miraculously. But you must keep it at it with just the right amount of pressure, patience, perseverence... the door will open to you.

My critics are fond of these simple but most effective charts..one loves the "averages" and she is great at it and the other swears by the "Macd" and he has mastered it and he never trades against it.And these are very simple and the most basic of technical analysis. And this critic is fond of EW labelling only with an macd chart. So simple...so effective..Check this one. It can't get simpler than this.
And remember they combine different time scales to get the most effective application.
Best to you.
MACD:-

AVERAGES:-


(Ilango)

As weekly technicals are improving, use weaknesses to buy into the market till 2950 is held. This support will be rising as the days go by.
Nifty sold off at the last hour but kept within the channel. Break of this channel at 3035 may initiate short term weakness.
Trading above 3075 may signal a weekly break out of a descending highs.
Overbought stocks have corrected today and some Pharma/ FMCG stocks(Defensive) have gained today suggesting a halt here. Let us reserve that judgement to Monday's price action and trade accordingly.

(Niftytrends)

(ss)

Ignore the 50 day average in the last post. This one is correct. There is more call writing happening at 3100 than put writing at 2900 and 2800 so obviously, people are bearish about the current set up and expect a downward move. On the lighter side, the market always proves the majority wrong!

My system will take some more time and I'm going for a new Dual Core desktop and a laptop. It's sure a headache when things go wrong when you need 'em the most. It's a different experience operating from a cyber cafe though. You meet all kinda people there. There was a lady here who was speaking to her daughter in USA for one hour! Jesus! Then there is a kid who comes here and he's sure addicted to games and this other fortyish kinda guy who keeps staring at the keyboard!