NIFTY AND BANK NIFTY

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk..

CNX NIFTY  5,735.30   -97.90  -1.68 %  

NIfty has closed below 200 dma of 5751.Another 1-2 day close below this average will make NIFTY bearish.Wait for pullbacks to short. 20 dma is at 5800.Sustaining and closing above 5751 tomorrow may do away with the bearisness for the time being.

NSEIND

BANK NIFTY   9,617.80 -281.95  -2.85 %

Bank Nifty was already bearish.Today it broke down with a gap.Short on pullbacks to 10300 with that as a stop.

NSEBNK

NIFTY AND BANK NIFTY

DISCLAIMER: These notes/comments have been prepared solely to educate those who are interested in the useful application of Technical Analysis. While due care has been taken in preparing these notes/comments, no responsibility can be or is assumed for any consequences resulting out of acting on them.Trading in Stocks/Commodities/Futures Carry Risk.

NIFTY SPOT (5882.25) – 49.05  5833.2

Right now I am giving NiftySpot Charts.On Friday I had said, after rectifying my mistake, that a move below 5864.1 can be sold short and NIfty fell after it broke below that level .Right now Nifty is above 200 dma at 5748.74 .A close below 5748.74 for 3 consecutive days will be bearish. Last support for NIfty is at 5688.6 So watch these levels carefully.

On the Weekly chart, Nifty could not close above the right shoulder at 6093.35

NIFTY DAILY

NSEINDD

  NIFTY WEEKLY

NSEIND

 BANK NIFTY (10098.25)  – 198.5  11046

Bank Nifty is below the 200 dma at 11046, so is bearish.

NSEBNK

 

SRIMAD BHAGVAD GITA

LEARN ONE BHAGVAD GITA SHLOKA AT A TIME

CHAPTER 1,  SHLOKA 16

Radha1

1-16

Here Yudhishthira is called”Raja” or King because he was the rightful King and his Kingdom was usurped treacherously by his cousins namely Kauravas.Also Yudhishthira had the quality of “SthitaPrajna” namely Equanimity of the mind.If one is able to keep his mind calm under any circumstance, then success follows him. So even in the battlefield, his mind was calm and his elegance befitted a King.

SRIMAD BHAGVAD GITA

LEARN ONE BHAGVAD GITA SHLOKA AT A TIME

CHAPTER 1,  SHLOKA 15

Krishna Arjuna 2

1-15

Here Krishna is named as Hrishikesha which means “controller of senses” .It also occurs as the 47 th name in Vishnu Sahasranama.So Hrishikesha blew his conch “Pancajanya”.Arjuna is named as Dhananjaya because he acquired wealth which was unused for Yudhistira to expend in the welfare of the people.Another version is that since Krishna is with Arjuna, Arjuna will ultimately win the war and acquire kingdoms and wealth so he is callled Dhananjaya.So Dhananjaya blew his conch ” Devadatta”. Bhima is called Vrikodara because he has a belly like wolf, which is curved in and not bulging out because of his strong digestive powers.So a person with strong digestive powers is capable of doing great deeds.So Vrikodara blew his conch “Paundra”.

SRIMAD BHAGVAD GITA

LEARN ONE BHAGVAD GITA SHLOKA AT A TIME

CHAPTER 1,  SHLOKA 14

Krishna Arjuna

1-14

Here Madhava refers to Krishna , an Avatara of Vishnu. Ma means Lakshmi and Dhava means Groom ( KRishna).Madhava is particularly mentioned here because Godess Lakshmi is present always with her Husband Krishna (Madhava) and she has bestowed her grace upon Pandavas because of their righteousness .Where ever there is Righteousness, MAdhava is present there and as a result Lakshmi bestows her blessings there.Here MAdhava’s presence makes LAkshmi bestow her blessing in the form of “Vijaya” Lakshmi – Victory in war .