Saturday, 12 January 2013



Dear All ,

Today is 150th Birthday of Swami Vivekananda .

This is what our national leaders have said about him.

Rabindranath Tagore :

 If you want to know India, study Vivekananda. In him everything is positive and nothing negative.

Sri Aurobindo :

We perceive Vivekananda’s influence still working gigantically, we know not well how, we know not well where, in something that is not yet formed, something leonine, grand, intuitive, up heaving that has entered the soul of India and we say, ‘Behold, Vivekananda still lives in the soul of his Mother and in the souls of her children.’

Bal Gangadhar Tilak :

 Twelve centuries ago Sankaracharya was the only great personality, who not only spoke of the purity of our religion, not only uttered in words that this religion was our strength and wealth, not only said that it was our sacred duty to preach this religion in the length and breadth of the world—but also brought all this into action. Swami Vivekananda is a person of that stature—who appeared towards the last half of the 19th century.

Mahatma Gandhi :

Mahatma Gandhi v I have gone through Vivekananda’s works very thoroughly, and after having gone through them, the love that I had for my country became a thousand-fold.

Jawaharlal Nehru :

 Rooted in the past and full of pride in India’s prestige, Vivekananda was yet modern in his approach to life’s problems and was a kind of bridge between the past of India and her present. . . He was a fine figure of a man, imposing, full of poise and dignity, sure of himself and his mission, and at the same time full of a dynamic and fiery energy and a passion to push India forward
 

Netaji Subhas Chandra Bose :

 Swamiji was a full-blooded masculine personality —and a fighter to the core of his being. I can go on for hours and yet fail to do the slightest justice to that great man. He was so great, so profound, so complex. If he had been alive, I would have been at his feet.
 

Vinoba Bhave :

 Vivekananda not only made us conscious of our strength, he also pointed out our defects and drawbacks. . He taught us: ‘The same Soul resides in each and all. If you are convinced of this, it is your duty to treat all as brothers and serve mankind.’ . . . The word ‘Daridra-narayana’ (God manifested in the hungry, destitute millions) was coined by Vivekananda and popularized by Gandhiji.
 

Friday, 11 January 2013

 

Stages in Evolution of a trader


Stage One: The Clueless Trader
1) Heard of a day trader making millions, or buying options is safe and can make you rich quickly 

2) Got lucky in an earlier stock investment. 

3) After all, how hard can it be? The money sounds appealing and the freedom to be independent sounds attractive 

4) Every trader is optimistic 

5) You open a direct access brokerage account and the sound of Level II, ask/bid, and market makers make trading sound like hi-tech video game 

6) You will buy just to see the market reverse and you will short just as the market starts to rally. 

7) Most of your trades are done emotionally. You buy just because the markets feel strong without any logical reason 

8) You have no clue how the mechanics and psychology of trading works. What's worse? You are not aware that you don't know 

9) Most traders will blow their entire account at this stage. 

10) Mostly you start your trading in a bull market 

11) You will spend more time finding a broker charging least brokerage, how to save tax, and like companies paying dividend and issuing splits and bonuses and less time in learning what trading actually is. 

12) A big majority of people will leave trading and blame the randomness of markets, or say markets are always manipulated 

13) Generally you start with fundamental analysis and put money in "good" companies and don’t forget to watch CNBC 

14) You don’t know what is short selling or have never tried it, no idea of stop loss as well 

15) You are in the unconscious incompetence stage, in this stage your capital is at maximum risk 

                                                                                                                                      To be continued .............


Thursday, 10 January 2013


Market updates for 11/01/2013


Nifty hourly chart



Nifty is unable to break 5965 and as long as this level holds bulls have upper hand. In today's trading session Nifty made a low 5947 and sustained there for some time. But at the end of the day it has closed at 5968. If Nifty sustains below 5965 then it can fall up to 5930-5900.

Don't trade for the sake of trading , don't trade only because you have idle cash in account. Trade because you have an opportunity in front of you and trade as per YOUR risk tolerance not as per tolerance of your broker or adviser. 

ITC



ITC has support at Rs. 278. Breakout from this level can lead to further fall.

Corporate Results on 11/01/2013


Infosys , Bajaj Corp , CMC


Nifty medium term trend


Trend  UP
Initiation Date 29-11-12
Initiated at  5825
High since change 6020
Reversal if closes below 5800


Thought for the day


Forget the past. The vanished lives of all men are dark with many shames. Human conduct is ever unreliable until anchored in the Divine. Everything in future will improve if you are making a spiritual effort NOW. - Yukteswar Giri



Wednesday, 9 January 2013


Market updates for 10/01/2013

Nifty daily chart


In today's trading session Nifty has closed exactly at trend line support 5971. If Nifty closes below this trend line support then positional traders can short Nifty futures.

Ambuja Cement


Ambuja Cement has breached trend line support at Rs.198. Further fall is expected more details for subscribers.

Zinc


Zinc has formed inverted triangle formation . Base of the triangle is at Rs.111.25 and in yesterday's trading session this level is breached. We are bearish on Zinc from short term point of view.

 

Update on LIC Hsg Fin

 

We have initiated short in LIC Housing Finance fut at Rs.287 as it has closed below the support at Rs.288.

Nifty Medium Term Trend

Trend  UP
Initiation Date 29-11-12
Initiated at  5825
High since change 6020
Reversal if closes below 5800

 

Thought for the day

Human happiness and human satisfaction must ultimately come from within oneself. It is wrong to expect some final satisfaction to come from money or from a computer. - Dalai Lama

Tuesday, 8 January 2013


Market updates for 09/01/2012


Nifty hourly chart



Nifty has bounced back from support from 5965 and closed above 6000.  Nifty is expected to trade between 5965-6020. Since both short term and medium term trend is up trader should consider long in Nifty at every dip.

LIC Housing Finance



LIC housing finance was facing resistance at Rs. 288 . After breakout from this resistance level it reached a high of Rs.300. Traders should observe that Rs.288 which was acting as resistance is now acting as support. If LIC closes below this level we can expect fall in stock price. More details for subscribers.

Updates on Infy and LT

We had initiated long in Infy at Rs. 2355. But today our trailing stop loss at Rs.2361 is triggered. As Infy is declaring result on 11th we will recommend bearish hedging strategy to subscribers.

LT has closed below support at Rs.1585. We have initiated short in LT futures at Rs.1581. LT has indicated two false in this month. I wish this time we will earn some profit. 

Nifty medium term trend


Trend  UP
Initiation Date 29-11-12
Initiated at  5825
High since change 6020
Reversal if closes below 5800

 

Thought for the day

Sandalwood perfumes even the axe that hurls it down! The more we rub sandalwood against a stone, the more its fragrance spreads. Burn it, and it wafts its glory through the entire neighbourhood. Such is the enchanting beauty of forgiveness in life - Swami Chinmayananda