NIFTY SPOT AND BANK NIFTY FUTURES

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.Consult your financial advisor only before you trade.

KEEP APPROPRIATE STOP LOSSES BASED ON CHARTS WHERE STOPS ARE NOT MENTIONED

NIFTY SPOT

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BANK NIFTY FUTURES

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NIFTY SPOT AND BANK NIFTY FUTURES

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.Consult your financial advisor only before you trade.

KEEP APPROPRIATE STOP LOSSES BASED ON CHARTS WHERE STOPS ARE NOT MENTIONED

NIFTY SPOT

BANK NIFTY FUTURES

SRIMAD BHAGVAD GITA —– LORD KRISHNA’S OWN WORDS

CHAPTER 2,   SHLOKA 66

Click to enlarge

 

NIFTY SPOT AND BANK NIFTY FUTURES

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.Consult your financial advisor only before you trade.

KEEP APPROPRIATE STOP LOSSES BASED ON CHARTS WHERE STOPS ARE NOT MENTIONED

NIFTY SPOT

BANK NIFTY FUTURES

INSPIRING STORY

Read this small story; Hope that makes a BIG change

Sent by a friend

Professor began his class by holding up a glass with some water in it.
He held it up for all to see & asked the students
“How much do you think this glass weighs?”

’50gms!’ ….. ‘100gms!’ …..’125gms’ …the students answered.

“I really don’t know unless I weigh it,” said the professor, “but, my
question is:

What would happen if I held it up like this for a few minutes?”

‘Nothing’ ..the students said.

‘Ok what would happen if I held it up like this for an hour?’ the
professor asked.

‘Your arm would begin to ache’ said one of the student

“You’re right, now what would happen if I held it for a day?”

“Your arm could go numb, you might have severe muscle stress &
paralysis & have to go to hospital for sure!”
. ventured another student & all the students laughed

“Very good.

But during all this, did the weight of the glass change?”
asked the professor.

‘No’. Was the answer.

“Then what caused the arm ache & the muscle stress?”

The students were puzzled.

“What should I do now to come out of pain?” asked professor again.

“Put the glass down!” said one of the students

“Exactly!” said the professor.

Life’s problems are something like this.
Hold it for a few minutes in your head & they seem OK.

Think of them for a long time & they begin to ache.
Hold it even longer & they begin to paralyze you. You will not be able
to do anything..

It’s important to think of the challenges or problems in your life,
But EVEN MORE IMPORTANT is to ‘PUT THEM DOWN’ at the end of every day
before You go to sleep…

That way, you are not stressed, you wake up every day fresh & strong &
can handle any issue, any challenge that comes your way!

So, when you leave office today,
Remember to

‘ PUT THE GLASS DOWN ! ‘

SRIMAD BHAGVAD GITA —– LORD KRISHNA’S OWN WORDS

CHAPTER 2,   SHLOKA 65

Click to enlarge

“Likes” and “Dislikes” are the two sides of the same coin.In the previous shloka The Lord asks us to realize that the objects of the world cannot give us “happiness” or “sorrow”.See here he is askung not to dislike the sense objects like bad habits which one is slave to ,but to be indifferent to it.The attachment to these objects cause pleasures and pains and not the objects themselves.So many people die everyday, but does one feel sad for them ? Only when a dear and near one dies one feels sorrowful.

We have to know clearly that sense objects or objects in the world can only give pleasure and not happiness.If indulging in sense pleasure gives happiness, then why a person who is sick or whose near and dear one has died does not get the same happiness from the sense objects.If you give him a sweet during his mourning period he will not even touch it.

Also repulsion for sense objects is not the solution since suppression of desires can cause psychosomatic problems.So the solution is understanding it properly.

It is our superimposed idea that we feel failures, loss, poverty, lack of luxuries, lack of appreciation from others as bad and affluence, success in materialistic life, show off etc as good.

So Lord Krishna says that through right understanding when one can accept whatever comes in life, then only he will be blissful and happy.That person is outside the realm of “only this has to happen” and “that should not happen” .He accepts everything as “prasada” or gift from God.

People always want good things to happen and forbid or dread bad things happening.But in this world many times our desires are not fulfilled and sometimes even the dreadful happens.Our attachment to it causes the sorrow  and not the event.

So a person who has realized his self will always be tranquil as he has known the “Truth”.

HOW TO PLAY TECHNICAL PATTERN BREAKOUTS

Below illustration mentions the characteristics of patterns and their negation.

NIFTY SPOT AND BANK NIFTY FUTURES

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.Consult your financial advisor only before you trade.

KEEP APPROPRIATE STOP LOSSES BASED ON CHARTS WHERE STOPS ARE NOT MENTIONED

NIFTY SPOT

BANK NIFTY FUTURES

NIFTY, BANK NIFTY AND DLF

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.Consult your financial advisor only before you trade.

KEEP APPROPRIATE STOP LOSSES BASED ON CHARTS WHERE STOPS ARE NOT MENTIONED.

NIFTY SPOT

BANK NIFTY FUTURES

DLF WEEKLY

 

SRIMAD BHAGVAD GITA —– LORD KRISHNA’S OWN WORDS

CHAPTER 2,   SHLOKA 64

Click to enlarge

A Yogi is beyond “Dwandwa” or “duality”, likes and dislikes, love and hatred.Everything in the nature has two characteristics like happiness and sadness, day and night, right and wrong.But Lord Krishna says that a person with controlled mind is immune to likes and dislikes.

An example : A person who wants to give up bad habit say drinking is averse to it.He is always afraid to go near a bar as he knows he may not be able to control his craving to alcohol.But imagine a child who does not know what is liqour, is not affected even if there is a bar nearby since it is in it’s own playful and joyful world.That is why it is said, a true Yogi develops a Child like nature.For him there is no special significance for a place of worship nor any aversion to a place of vice because he has realised God in his heart and is always meditating on his self.

SRIMAD BHAGVAD GITA —– LORD KRISHNA’S OWN WORDS

Brief Notes on Shlokas  2-62 and 2-63

“Anger” can be managed better if one knows why it rises and what is the source or cause of it.Sri Krishna in verse 62 and 63 of chapter 2 of Gita explains it lucidly.

Man’s mind always dwells on objects of sense pleasures.It jumps from one object to another thinking that achieving those objects will give him happiness.It may be a car , a house, personal achievement which boosts the ego, achievements of children, a new smart phone, becoming a president of an organisation, lower desires like sex.All these objects no doubt give pleasure but not happiness.Why ? Because they themselves are temporary and ephemeral.

It all starts with seeing or hearing about an object.If mind likes it, then again and again it dwells on the thought of that object.In our example let us take “a car”.A person sees that his neighbour has bought a big car.If that object would have given him happiness he would have derived it by looking at his neighbour’s car.But here the mind wants to own and possess it thinking that by owning it one can enjoy it in eternity.So first it starts with thinking about that big car.Then the attachment to that thought arises and so the desire to possess that car becomes intense.The mind starts automatically and effortlessly starts thinking about the object of desire in midst of his daily routine.It slowly becomes craving or kama.Now the mind has reached a dangerous proposition.The man will work day and night to earn more money to buy the same car.If anything comes in the way of his desire he gets angry, irritable.When he gets angry he himself may not know how he will behave.Because the stored memory in chitta which the intellect uses for judgement fails.When a person is angry he loses the discrimination as to what is right and what is wrong because the Intellect cannot use the stored memory. When angry a person may swear, hit, or behave in an undeserving manner.

So it all starts with a small desire and see where it lands him.So what if the desire is fulfilled ? It gives rise to Lobha or greed.Now the mind wants to repeat it again and again .Now the person may resort to anything to achieve his objective as now for him the ends justify the means.And again if someone comes in the way the anger sprouts forth and since the intellect does not work he may try to finish the person  or thing that comes in the way of his achieving the object.How many times we have seen people behaving in an insane way in a fit of anger and landing in deep troubles.

‘

SRIMAD BHAGVAD GITA —– LORD KRISHNA’S OWN WORDS

CHAPTER 2,   SHLOKA 63

Click to enlarge

 

NIFTY AND BANK NIFTY FUTURES

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.Consult your financial advisor only before you trade.

NIFTY SPOT

BANK NIFTY FUTURES

SRIMAD BHAGVAD GITA —– LORD KRISHNA’S OWN WORDS

CHAPTER 2,   SHLOKA 62

Click to enlarge

SRIMAD BHAGVAD GITA —– LORD KRISHNA’S OWN WORDS

CHAPTER 2,   SHLOKA 61

Click to enlarge

Here a Yogi’s control of mind is described.How to control the mind and keep control over sense organs ? If a man says, I want to avoid such and such “bad thought”.The “bad thought” brings in the picture or mental image of that in the mind.If one tells a child “Dont keep the room untidy”, the picture of Untidy remains in it’s mind.Instead if one says ” Keep your room clean”, the “clean” picture takes root.So Lord Krishna is here asking to Substitute a positive thought to control negative thoughts.So meditation on God, instils a positive thought and when this idea firmly gets rooted in the mind, the negative thoughts go away by themselves.

 

NIFTY AND INDIAN STOCKS

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.Consult your financial advisor only before you trade.

KEEP APPROPRIATE STOP LOSSES BASED ON CHARTS WHERE STOPS ARE NOT MENTIONED.

Breaks out of patterns with Opening Gaps can be dealt with only if you are thorough with “Gap Theories”, “Fake outs” etc otherwise strictly avoid them.

NIFTY SPOT

The theory of Andrews Pitchfork says that prices MAY touch the median line before they resume the journey.So I am assuming a test of 6430-6440. It is not a surety that prices will touch there but a probability of approx 60 %.Look at the pink circle. Mind prices can  move further down from that point also, but that will be known only after the nature of the test.

Longer term bullish trend is intact as of now.

A “NOTE” ON RECOMMENDATIONS

JUBILANT LIFE SCIENCE

Jubilant went up by more than Rs12 or 8% today.But where did you buy ? At the opening or afterwards ?No doubt where ever one may have bought, one would have ended in profit.But if one does it on other days, he may not end in profit.

I am giving a trade dissection with the Intra 5 minute Charts :

I had warned of opening gaps and this was exactly what happened

Point no 1  Today it opened above yesterday’s high and started to move lower.This is called “Fading the Gap”.Smart money always test the levels.They sell and see if demand is there.If anyone has bought here it was a mistake .He might have been lucky because volume did not pick up on downtrend.

The low volume on downtrend showed that bullishness was intact.

Point no 2 First candle i.e a hammer ( not perfect) appears a sign of bullishness but volumes don’t pick up, so no respite.

Point no 3, Engulfing white candle again giving hope to the bulls.

Point no 4 Another hammer like pattern but no pick up in volumes.

Point no 5 First sign of pickup in Volumes. So one can go long at this point or again after price goes above 142.50

INDIA GLYCOL

This was not a buy since it did not cross 1.5 lac volume which I had stated yesterday.Total volume today was 76000 approx

INDIAN STOCKS

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.Consult your financial advisor only before you trade.

KEEP APPROPRIATE STOP LOSSES BASED ON CHARTS WHERE STOPS ARE NOT MENTIONED.

Breaks out of patterns with Opening Gaps can be dealt with only if you are thorough with “Gap Theories”, “Fake outs” etc otherwise strictly avoid them.

INDIA GLYCOL

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TATA STEEL

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JUBILANT FOODS

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JUBILANT LIFE SCIENCES

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NIFTY

No new position in Nifty / Bank Nifty / Stocks as I would like to wait and watch the movement on 12/03/14.

M&M Finance

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SWAMI CHINMAYANANDA

This body is what it is because of its Prarabdha. Because of your Vasanas you have taken this body. Today, this body moves, every minute, expressing it’s powerful Vasanas. The body will drop off once the Vasanas are exhausted. Till then, it will continue to exist, food or no food. It will be looked after by its own Prarabdha.

If my body is not getting food, I become anxious for it. However, when this body was born, it was born without consulting me. That mighty Law by which it was born will keep it going for the purpose for which it was born. If it falls off, never mind, let it go. Understanding this well, strengthen your mind and protect it from all such agitations.

INDIAN STOCKS

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.Consult your financial advisor only before you trade.

Asian Paints touched the target of 490. So it is out of my tracklist.

M&M FINANCE

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D S KULKARNI

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