SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

HAPPY GANESH CHATURTHI TO ALL MY READERS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

CHAPTER 4-9

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

CHAPTER 4-8

 

 

 

NIFTY SPOT

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.

I am presenting 3 views on Nifty and leave readers to pick their like.The first is the daily Nifty which is very simple and which is my cup of tea.The rest two are bit complex which I have given as my readers requested it who have a different flavour.

NIFTY DAILY

Nifty should pick up volumes and resume upward journey if trend is to remain intact.Coming back inside the rectangle will be sideways to bearish.

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FOLLOW THE NEXT TWO SYSTEMS ONLY IF YOU UNDERSTAND THEM.

The following two systems are showing condradictory signals.This is the reason I doubt, if “Wave 4” is indeeed complete ?

NIFTY WEEKLY ELLIOTT WAVE

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The next system is a trend exhaustion system .After it reaches point “13” which is derived after going through a series of calculations, trend changes direction.This system is not “infallible” but has many times given accurate pinpoint tops and bottom.So a 13 on daily itself is enough for a fall, but here we have a “13” both on Daily and Weekly.So it is giving a sell.I am cautious since “13” is appearing both on weekly and daily.

For those who follow this system and are short on daily basis, their stop is if Nifty’s Daily LOW is above 7955.

Those who are short on weekly basis, their stop is 8079, if Nifty’s Weekly LOW is above 8079.

LOW above the price means,

On the Weekly on the left hand side it is “13” in green and not “83” as it appears .Only numbering of different systems( in yellow) is overlapping.

On the daily, right side it is showing correct 13 in yellow.

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SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

CHAPTER 4-7

 

 

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

CHAPTER 4-6

Here Lord Krishna says that he is the Ishwara i.e the creator of this cosmic Universe.I manifest as an Avatara ( coming down) by my illusory power called maya.The Jeevas are born inorder to exhaust their Karmas good or bad.e.g on a personal level the cells or the organs of the body have their own independent functions but they in totality they work for my body.Same is the case with your body or all bodies in the Universe.An ocean has many waves, some may be big or small, forceful or mild, but they are all parts of the Ocean.The common element that binds them is water.All waves are made up of water and Ocean is also made up of water.

Similarly all jeevas are independent within a limit but the conscience that runs through them is the Cosmic intelligence.The countless jeevas rise , exist and merge in the cosmic body or Ishwara.We are not independent of Ishwara , we are in it.We may feel we are independent entities.Yes to some extent but we work for our family, our family for our society, society for the nation and nation for the Universe and Universe for Cosmos.Unknowingly we all follow the law of nature as we do not know how and why a particular organ functions in a particular way, yet it works perfectly.

So we jeevas have samskaras or past impressions because of which we are born to exhaust it, yet Ishwara does not have any past Karmas and is not bound by the law of nature.But when he assumes an Avatara he behaves exactly like us and follows the law of nature but shows instances when he is beyond the law of nature.

In Mahabharata, Lord Krishna never goes beyond the law of nature except when Ashwatthama uses BrahmAstra.The story goes like this, after the defeat of the Kauravas, AshwatthAma to avenge the defeat, challenges Arjuna to a duel.AshwatthAma despite his promise to his fatherand Guru Dronacharya not to use the BrahmAstra uses it.So Arjuna had to use his BrahmAstra to counter it.At this time to stop the entire destruction of the Universe, Vyasa Maharishi appears and tells both of them to withdraw the BrahmAstra.Arjuna does as asked but AshwatthAma could not do so as he did not know how to do it.So Lord Krishna asks him to direct it to an uninhabited place.At this Ashwatthama to avenge his defeat directs it to Uttara’s womb who was bearing Abhimanyu’s son ( Abhimanyu was Arjuna’s son).He did so as to finish of the Pandava clan.The fetus is killed, but Lord Krishna intervenes and tells Ashwatthama that he (Lord Krishna) is not not bound by the law of the nature and will go beyond it to give life to the fetus.Thus was born Parikshit.

NIFTY DAILY SPOT

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.

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

CHAPTER 4-5

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.Consult your financial advisor only before you trade

 

NIFTY WEEKLY SPOT

Nifty may touch 8836.You are reading it right.The flat correction which I was expecting in wave 4 got truncated into a C-Failure flat.So already we may have started wave 5 up.If Wave 5 up has started, expect 8836 on Nifty.The basis of this analysis is that in Elliott wave theory , if Wave 3 is extended, ( which in this case is) then wave 5 and wave 1 will tend to be equal.Here wave 1 moved 1296 points.So expect 1296 added to the bottom of Wave 4 i.e 7540 which comes to 8836 approx.This is the minimum target.

Caution :This is an Elliott Wave Guideline and not a Rule.

How to confirm Wave 5 has started ? If wave 5 has really started, then before it’s completion it will not move below 7540.Also if Nifty trades continuously above 7841, then we can say that wave 5 may have already started.But if Nifty trades below 7841 continuously then wave 4 is still taking place.Only thing is you may have to have a lot of patience.

WEEKLY NIFTY

 

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

 

HAPPY JANMASHTHAMI TO ALL MY READERS

CHAPTER 4-4

 

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

 

CHAPTER 4-3

From time immemorial, the Guru imparts the Spiritual Knowledge to his disciple provided the disciple is deserving.In the Gurukul system of India, the disciples used to serve the Guru in addition to learning.The Guru would impart the knowledge looking at the capacity of the disciple.Today you can buy “literacy” for money.

The Guru is like an “Ocean” of knowledge. Imagine a weak person going to an ocean with only two buckets to fetch water.He will get only two buckets of the ocean water and nothing more.So in ancient India, the Guru would judge the capacity of his disciple and impart as much knowledge as he could grasp.

So here Lord Krishna says in the second verse and the current one that this knowledge was lost because there were no deserving students and it broke the lineage of Guru-disciple transmission.So anything that becomes scarce becomes secret.So Lord Krishna says –  Today “I” have given you this ancient and secret knowledge to you because of are a deserving candidate.

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

CHAPTER 4-2

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

JNANA KARMA SANYASA YOGA

THE YOGA OF RENUNCIATION OF ACTION IN KNOWLEDGE

CHAPTER 4-1

Here Vivasvat ( one who illumines everyone) means Surya, the Sun. Manu ( first human being) is the ruler who learnt this Yoga from Lord Surya and immortalized it as Manu Smrtis.Ikshvaku ( Manu’s son) is considered as the first ruler of the Solar dynasty ( Surya Vamsh) who learnt this Manusmritis from Manu.

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.

BANKNIFTY DAILY FUTURES

DAILY NIFTY SPOT

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 DAILY SPOT

Watch 50 dma at 7541.Close below this level for two days with volume is bearish.If Nifty sustains above this level in the days to come, look for resistances at 20 dma of 7669 and pivot of 7747.Sustained close above these levels will be bullish.Also watch rectangle boundaries at 7941 and 7422 respectively as marked on the chart.

Also if you remember, I had written on July 14 th that Nifty will not close above 7908 on a Weekly basis in the coming 3-4 weeks and this has happened as expected.

Click on chart to enlarge

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

Chapter 3 Karma Yoga

CHAPTER 3,   SHLOKA 43

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Here Lord Krishna says that know that you are the “Self” or Atman and believing it to be so kill the desire which is the root cause of all suffering.When a person is attuned to higher goal, he can overcome the base desire and do superhuman acts.A soldier guarding the border, a selfless social worker etc, are all common people like us who are attuned to a higher goal and are able to perform  a Supreme act.If the soldier starts thinking about his family he can’t go for a war, but because he believes that he belongs to the country, he goes to war without batting an eyelid.

Similarly, if a man thinks that he is Atman and has no limitations, he will not cry for these little desires.Because he knows that what is pleasurable today will lead to misery tomorrow.Reflect upon your own life.Let us say a man gets a desired job – is very happy- works day and night for the organization with the “desire” to be the Head of the organization one day.Imagine, half way up the ladder of positions he is kicked out.He becomes bitter, cribs and becomes bitter -says “I sacrificed everything for this organization and no one recognized it “.I am not asking anyone not to work.But imagine another person works for some organization – puts all his effort – but surrenders the fruits of his action to God.He may be a workaholic but devotes time to family and good things in life.He is more relaxed than the first person, more focussed, because he is not in the rat race.Imagine, this person is superseded by his junior, does not feel bad as his ego is not hurt.Takes consolation thinking God wanted it that way because he believes, God is the giver or the reward and not the organization.He has faith that God will give him what he deserves.

So had the second person had a craving to be the MD of this organization, his puffed up ego would have made him resign.

So Karma Yoga teaches that our Ultimate goal in life is to reach the Atman and not to gather petty glass baubles or cry over small thorns on the path.Focussing on Atman one can overlook the small sensual desires of life.

So here ends the third Chapter named Karma Yoga.

 

DAILY 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.Consult your financial advisor only before you trade

NIFTY DAILY SPOT

On August 03, I showed Weekly Nifty, where I said that wave 4 is forming.I am giving the internal structure of wave 4 if indeed that is forming.This is a daily chart for more clarity.Keep appropriate stoplosses.

Click on Chart

 

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

Chapter 3 Karma Yoga

CHAPTER 3,   SHLOKA 42

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Here Lord Krishna tells how the control the desire from it’s hiding places.He asks first to control desire at the body level i.e avoid seeing, hearing, feeling etc of sense objects which distracts one.If the desire has slipped through the organ of the sense(body level), try to control it with the mind.If you fail with the mind use the intellect which has discriminating power.If one fails it at this level, he should try to control through the self which is superior to all these.

Let me illustrate an example to clarify this.Suppose a student has to appear for an important examination and one of his friend calls him to an ice-cream parlour.Since there is a chance of catching cold by eating the ice-cream and also wasting the time before the exam, the student should not go at all.This is control at the body level, i.e if he does not go to the cream parlour, he will not get tempted.Suppose his friend pressurizes and he succumbs to it, he should not eat the ice-cream at the parlour.But when his friend starts eating the icecream, he may be tempted, then he should use his intellect that if he eats the icecream, he may fall sick and may score less in the exams.If he fails here also, he should muster all his will power not succumb to it.

The last part is possible only if he has practised enough mind control over the years and has been reading scriptures and moving in the company of the good.Similarly a spiritual aspirant should read scriptures to strengthen his mind and undergo spiritual practise,only then he can overcome temptations as he starts having a glimpse of Atman which is powerful than the intellect, body etc.So once an aspirant knows that the Soul has a body and not the other way round he can overcome all his limitations.

SANSKRIT SUBHAASHITA OR WORDS OF WISDOM

SRIMAD BHAGVAD GITA — LORD KRISHNA’S OWN WORDS

Chapter 3 Karma Yoga

CHAPTER 3,   SHLOKA 41

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Lord Krishna tells the way to control the desires.He says control of desire should start at the level of senses.e.g let us say a man is on diet to reduce his weight, so such a person should stop watching cooking shows.Because if he watches cooking shows on TV his desire to eat may increase.Similarly, a man who knows that his weakness is anger, should first stop shouting or abusing when he is angry, because anger first expresses through the tongue.Anger will arise, but he should impose self restraint and when it calms down he will find that he was foolish to have got angry.Similarly exercise restraint for all senses.Once the enemy, in this case desire, is attacked at the external or gross level, it will run at a deeper level i.e mind and intellect.In the next verse Lord Krishna tells how to vanquish it at deeper levels.

If desire is allowed entry, then it envelopes knowledge and wisdom.”Knowledge” or Jnana is that which we acquire through a book or from a wise person, but “wisdom” is when we apply those principles and have our own experiences.At this stage the knowledge becomes our own and is called wisdom.Desire is dangerous and is capable of enveloping both knowledge and wisdom.