Wednesday, 6 March 2013

Updates on Tata Motors and SBI


Tata Motors



In one of the last posts it was indicated that Tata Motors is trading between 285-310. It was also said that breakout below Rs.285 will lead to fall towards Rs.265. But now Tata Motors has once again bounced back from support level. As you can see in the above chart it has made multiple peaks at Rs.310. This is once again a make or break situation if it breaks Rs.310 it can reach previous peak that is Rs.330.


SBI



SBI has bounced back from trend line support. It has just started its uptrend and it will be in up trend as long as it is above Rs.2115.


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

 

A man may fall many times, but he won’t be a failure until he says that someone pushed him .



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.