Tuesday, 5 March 2013

Technical Updates on Bank Nifty



Bank Nifty had multiple peaks at 11660. Day before yesterday it had closed below this level which indicated down trend. But now short term uptrend has once again resumed. Since RSI is over sold this is low is low risk entry. We have initiated long in futures.

Nifty medium term trend


Trend  DOWN
Initiation Date 29-11-12
Initiated at  5761
Low since change 5692
Reversal if closes below 5990





Tired all the time??

To achieve the impossible dream, try going to sleep...Joan Klempner

Having trouble sleeping these days? You aren't alone. The National Sleep Foundation's recent study shows that some 30% of the U.S. population reports sleep disturbances. These include challenges with falling asleep, staying asleep or early-morning wakening with inability to get back to sleep. Chronic sleep deprivation is a widespread public health problem, related to health issues such as obesity, cardiovascular problems, and memory disturbances. In 2011, there were nearly 57,000,000 prescriptions written for sleep meds. That's 57 million! In his book "Sleep Thieves," Dr. Stanley Coren says that lack of sleep is causing us to be "clumsy, stupid, unhappy and dead."

The commonest reported cause for insomnia is stress, and financial stress is highest on the list. For many people living through tough economic times, financial stress is increasing, and causing a vicious cycle where stress causes sleep problems that lead to more stress. The phrase Tired All The Time (TAAT) is slipping into the medical vernacular. We are working harder, longer, getting paid less, eating poorly and exercising less. To capitalize on TAAT, a company called MetroNaps has set up shop in several countries to provide naps or "sleep pods" to stressed-out workers. Sleep clinics are popping up all over the country as more people seek answers to why they can't sleep.

Traders are notorious for having bad sleep habits. Many stay up into the early hours of the morning watching, studying or trading overnight, then struggling to stay awake during the day to trade the regular session. To trade well and consistently, it is critical to get good sleep, including adequate amounts of dream (REM- Rapid Eye Movement) sleep. Stable mental health correlates directly adequate REM sleep, since it has been shown that REM deprivation leads to anxiety, depression and behavioral disturbances. Tired traders do not trade well, make numerous mistakes and have increased anxiety and depression.

Some tips for traders to help with sleep-related issues:


  • Limit xanthine intake (coffee, tea, caffeinated soft drinks) to two cups a day and avoid these for at least six hours prior to sleep
  • Take flower teas (chamomile, valerian) to help with relax you before sleep
  • Exercise in the morning or early evening and not less than three hours prior to sleep
  • Develop a standard relaxing bedtime routine, including going to sleep at the same time each night
  • Make your bedroom a quiet, peaceful place that is dark, cool, quiet and comfortable
  • Remove all electronic equipment from your bedroom, including computers, cell phones, televisions and lighted clocks
  • Learn how to "power nap"
  • Practice yoga or meditation for 10-20 minutes prior to sleep
  • Avoid self-medication with alcohol. You may fall asleep more quickly, but will likely suffer from very early-morning awakening and anxiety as unintended consequences
  • Consult your medical professional help if sleep difficulties persist for more than one month.


There is a time for many words, and there is also a time for sleep...Homer, The Odyssey

-       Janice Drone  MD Phd

Monday, 4 March 2013

 

Technical updates on Tata Motors

 
 
 
 
Tata Motors is trading between Rs.285-310. Now it is consolidating in support zone. If it sustains below Rs.285 it is likely to fall further towards Rs.260.
 

Nifty medium term trend

 
Trend  DOWN
Initiation Date 29-11-12
Initiated at  5761
Low since change 5692
Reversal if closes below 5990

 

Thought for the day

 
Through observation thought subside , hence the the strain and pressure they cause on neurological and chemical system is also lifted . It is this tension that brings anti-social behaviour - Vimala Thakur
 

Friday, 1 March 2013

Technical updates on Nifty and HDFC Bank


Nifty weekly chart

 
 
 
Nifty has closed below 5800 which is 23.6% on weekly basis. Now the expected targets are 5600-5440 which are 38.2 and 50% retracement respective. As per monthly chart (which was posted yesterday) 5250 is the strong base which is unlikely to break. Short term reversal of Nifty will be closing above 5830 and medium term trend reversal is closing above 5980. Remember these levels and act accordingly.

 

HDFC Bank

 
 
 
HDFC Bank took a nose dive in recent times . Now it is trading at important , long term trend line support at Rs.615. RSI is oversold and short term reversal will happen if it closes above Rs.640.

 

Nifty medium term trend

 
Trend  DOWN
Initiation Date 29-11-12
Initiated at  5761
Low since change 5692
Reversal if closes below 5990
 

Thought for the day

 
It's OK if you don't know how much more you can handle. It's fine if you don't know what to do next. Eventually, you'll let go of how things should be and start to see possibilities based on reality. It's your life – grasp the steering wheel and force yourself to pay attention to where you're going.
 
 
 
 
 
 

Thursday, 28 February 2013




Technical updates on Nifty and Bank Nifty


Nifty monthly chart




Nifty has undergone deep cuts in last 3 trading session and this down fall may not stop so soon. Usually we the retail trader think that Nifty has corrected 400 points from the peak so it cannot fall further. But let us remember the fact that uptrend/downtrend can remain longer than expected time. From past two trading sessions I have been posting about possible correction and I hope you have utilized our trading hints in right way. 

Above mentioned is the monthly chart of Nifty. As you can see it has tested important resistance at 6100  and now it is falling. Major support is around 5250 !!( this level can change in later stages) I am not sure whether it is going to test this support zone. As of now trend is down , I will certainly let my readers know once the uptrend starts.By the way we have initiated  short in Nifty March Fut at 5809.


Bank Nifty monthly chart





Bank Nifty is over bought in monthly chart. Breakout from trend line has failed as once again it has fallen with in the trading zone. Diagonal trend line (blue color is the major support , If this support is breached major fall is expected. May god bless Bank Nifty.


Nifty medium term trend


Trend  DOWN
Initiation Date 29-11-12
Initiated at  5761
Low since change 5692
Reversal if closes below 5990


Thought for the day


There are only two days in the year
that nothing can be done.
One is called yesterday and
the other is called tomorrow,
so today is the right day to love,
believe, do and mostly live. - See more at: http://homeinsteaders.org/#sthash.hctyulD8.dpuf
There are only two days in the year
that nothing can be done.
One is called yesterday and
the other is called tomorrow,
so today is the right day to love,
believe, do and mostly live. - See more at: http://homeinsteaders.org/#sthash.hctyulD8.dpuf

 There are two days in a year that nothing can be done. One is called yesterday and other is called tomorrow. So today is the right day to love , live and believe. - Dalai Lama