S&P CNX Nifty for 30 November 2012.

The Nifty overcame both the resistances of yesterday in a bullish rampage. The critical point for today is at 5798. The support for Nifty in case of a slip below the critical point is at 5774 and then at 5740.
However, if Nifty manages to stick its head above the 5798 point, it will make new 52 week highs with immediate resistance at 5860 and 5897.
Our outlook for today is of continued optimism.

S&P CNX Nifty for 29 November 2012.

The charts had indeed been predicting bullish move since the last two trading sessions and we had been indicating the same in our earlier posts.
Today is settlement day for November series and so nifty may show some volatility. The tipping point for today is at 5706 and continued trading below this level will see Nifty go down to 5679. The critical support is at 5645 below which all the recent profits might get wiped out.
However, our outlook for today is that it is unlikely to break the support at 5645 and might as well trade with a bullish bias with resistance at 5755 and then at 5781.

Music I grew up with- 13

1- All by myself.

2- Since I don't have you.

3- Baby I need your loving.

The sun rising for Moonrise Kingdom

Is Moonrise Kingdom going to make it big at the Academy Awards 2013!
If one were to go by past statistics then the winners at the last three Gotham Independent Film Awards ie The Tree Of Life, Winter's Bone and The Hurt Locker- all three of these movies were nominated for the best picture category of Oscar Awards in the respective years. Well in that case, here is a lot for Moonrise Kingdom then, because it was a big winner in the 22nd Annual Gotham Independent Film Awards last night in the best feature film category beating The Master and The Loneliest Planet.
I think Moonrise Kingdom is one of the best movies this year and will make it big in the 85th Oscar Award to be held on 24 February 2013.
Among other winners were Benh Zeitlin for Best Breakthrough Director for Beasts of the Southern Wild, Your Sister's Sister for Best Ensemble Performance and Emayatzy Corinealdi for Best Breakthrough Actor/Actress for her role in Middle of Nowhere.

S&P CNX Nifty for 27 November 2012.

The Nifty closed yesterday at 5635 which was the critical resistance as stated in our yesterday's post. 5635 also happens to be the tipping point for today and the Nifty will have to trade above this point to be bullish. The immediate resistance is at 5662 and then at 5690.
The charts are indicating a bullish pattern but yesterdays closing was rather inconclusive. In case of trades below 5635, the Nifty will find support at 5624 and 5612. 5584 is the critical support below which the market will see a reversal of the current trend.

S&P CNX Nifty for 26 November 2012 to 30 November 2012..

The Nifty is poised for further up move, yet fresh convictions are lacking. Unless it conquers the immediate resistance, which is at 5635, conclusively a few more days of consolidation with sideways movement will be seen. Above 5635 the Nifty will face resistance at 5689.
However, the tipping point for the day is at 5619 below which the immediate supports are at 5610 and 5584.
Our outlook for today is that although the structure of the market will remain the same as it has been for the last few days, yet there might be some volatile ups and/ or downs; this being a triple witching truncated week, with settlement of November series on 29th November 2012. The markets will be closed on 28th November 2012.

S&P CNX Nifty for 23 November 2012.

The Nifty is all poised for a short term up move provided it stays above 5627 consistently. Incidentally, 5627 is yesterdays closing point. In the event of an up move, the immediate resistance is at 5644 and then 5690.
If however it fails to stay above 5627, then the immediate support is at 5620 failing which it may go down to 5583.
Our outlook for today is of sideways consolidation unless it manages to stay above 5627.

S&P CNX Nifty for 22 November 2012.

The Nifty is exhibiting bullish signs but it will have to conquer the resistance which is placed at 5638 with good volumes. However only above 5690 will fresh longs be made. On the flip side, Nifty will be weak if it slides below 5597, the supports in which case are at 5575. Below 5575, new shorts will be formed.
Our outlook for today is that of consolidation with a bullish bias.

S&P CNX Nifty for 16th November 2012.

The Nifty is precariously poised around the tipping point which is at 5628. The immediate support is at 5585. A slip below this with good volumes may see it testing the critical support of 5516.
On the flip side, the immediate resistance is at  5640 and 5662. In order to be bullish the Nifty will have to conquer the critical resistance which is at 5711.
Our outlook for today is that the market may weaken further before an intermediate bottom is made.

S&P CNX Nifty for 15th November 2012.

The tipping point for the day is at 5685 below which the market will be weak and may test the support of 5642. Below 5642 it may go down to 5616. However if it manages to stick above the 5675 point with good volumes, then the immediate resistance is at 5705 and 5732.
Our outlook for today is that the market will be weak.

Muhurat trading timings.

 The NSE has notified that the timings of trading session on account of Diwali on 13 Novemeber 2012 will be as under.

Market opens at 3.30 pm

Market closes at 5.00 pm

           Happy Diwali to all followers of this blog

S&P CNX Nifty for 12th November 2012.

The tipping point for the day is at 5706 and the Nifty will be bullish only if the benchmark index will trade above this point. The immediate resistance in such case is at 5716 and 5740.
However, the market may start weak and soft and if it trades below the tipping point for longer period then it may find support at 5675 and then at 5642.
Our outlook for today is of sideways weak market with optimistic bias.

A must watch- English Vinglish

                                               ENGLISH VINGLISH

Gauri Shinde has made a surprisingly brilliant debut movie that one can go and watch with family. The movie revolves around a Marathi housewife who, otherwise smart and elegant, is ridiculed for not being fluent in spoken English. The storyline somehow combines lack of fluency in spoken English with disrespect from teenage kids and husband, when our protagonist, played by Sridevi, takes it upon herself to win back self respect. Shot in New York, the movie has several very fine and touching points and excellent choreography.
We give 8 in our scale of 10.

Watch trailer.

Exchanges open today for Gold ETF.

On the occasion of Dhantiras, the NSE and BSE are conducting a special trading session today only for the Gold Exchange Traded Funds. The session will be held from 11 am to 3.30 pm.
The exchange has decided to waive off transaction charges for all Gold ETF traded today.
                                       
                                      Happy Dhantiras Guys!!!

Weekend music.

It comes as a terrible shock to all the fans of The Civil Wars, myself included, as the duo Joy Williams and John Paul White posted a statement about their 'irreconcilable differences'. Here's a note they posted on their  facebook page.  
 " We sincerely apologize for the canceling of all of our tour dates. It is something we deeply regret. However, due to internal discord and irreconcilable differences of ambition we are unable to continue as a touring entity at this time. We thank each and every one of you for your amazing love & support. Our sincere hope is to have new music for you in 2013."
They were so much full of chemistry till only recently, but then what goes on in ones personal life is a personal matter altogether. Hope they get over their differences and resolve whatever there is,  but thanks nevertheless for all the grace they so perfectly presented to us. We need much more of the duo together!!! However, enjoy the great songs

Dance me to the end of love.

and

I want you back.

Weekend Verses.

                                         Autumn

The thistledown's flying, though the winds are all still,
On the green grass now lying, now mounting the hill,
The spring from the fountain now boils like a pot;
Through stones past the counting it bubbles red-hot.

The ground parched and cracked is like overbaked bread,
The greensward all wracked is, bents dried up and dead.
The fallow fields glitter like water indeed,
And gossamers twitter, flung from weed unto weed.

Hill-tops like hot iron glitter bright in the sun,
And the rivers we're eying burn to gold as they run;
Burning hot is the ground, liquid gold is the air;
Whoever looks round sees Eternity there.
            
                                                                                       ........John Clare

S&P CNX Nifty for 9 November 2012.

Profit booking did see the Nifty plunge but the bullish structure is intact. The tipping point for today is at 5725 below which the nifty will weaken and may go down to 5673. On the flip side, the immediate resistance to be overcome is at 5745 for any further up move.
Our outlook for today is that the market may see an upside.

S&P CNX Nifty for 8 November 2012.

The market did see opening of new longs yesterday as it traded with continued optimism. The tipping point for today is at 5750 below which the immediate support is at 5731. Above 5750 the market will be bullish with immediate resistance at 5768, 5788 and 5815.
Our outlook for today is a soft opening amidst profit booking.

Music I Grew Up With - 12

1-  Angel Baby

2-  Let it be me. 

3- I hear the sound 

 

S&P CNX Nifty for 7 November 2012.

The markets yesterday did exhibit that the bullish structure is intact. If the Nifty stays above the 5717 mark today and the resistance which is at 5729 is conclusively conquered then fresh longs will be built in the market which might lead Nifty towards 5815.
However, if it does not trade conclusively above the tipping point then the immediate support is at 5707 and then at 5699.
Our outlook for today is of continued optimism amidst a little slowing down of the momentum, as compared to earlier up surge.

Austerity measures- how effective?

In their recent  article,  Barry Eichengreen and Kevin O’Rourke have pointed out that their own estimates of multiplier of US ( the change in GDP from a $1 change in government spending) based on the data from the 1930s is in the range of 1.6. This has confirmed the estimates of the IMF which had estimated the US multiplier to be in the range 0.9 to 1.7. The IMF, by stating that the multiplier was in fact higher than it was previously supposed, had in effect annoyed a lot of pundits, as a higher multiplier of US implies that the austerity measures of Europe had in fact been a farce and the prime reason behind the continent's recession. The research by Eichengreen and O'Rourke really deserves great praise. Read on.

S&P CNX Nifty for 6 November 2012.

The tipping point for today is at 5699 above which the Nifty will test the immediate resistance od 5730. Below 5699, the immediate support is at 5690 and then at 5678 and 5630.
Our outlook for today is that the Nifty may show a little more of sideways movement in a consolidating mode without any significant damage.

S&P CNX Nifty for 5 November 2012.

Indeed the short covering on Friday saw market shoot up beyond the immediate resistance with a gap up opening. The immediate resistance for today is at 5699 and then at 5729. below 5799 the index will be weak and will consolidate with immediate support at 5679, 5659 and then at 5630.
our outlook for today is that the market will consolidate with bouts of down slides.

Hallucination.

While many people hear voices at various stages of their life, they avoid believing that it is hallucination. Most of the Medical fraternity too takes this as an illness. However, it has been established that hearing voices is not an illness and also that while many schizophrenia patients do hear voices but the inverse is not true. All those who hear voices are not necessarily schizophrenic. Oliver Sacks, a renowned neuro-scientist  has had a long experience with a lot of patients and has thrown brilliant insight in his recent article on Seeing things? Hearing things? Many-of-us-do.  Read on.

Weekend verses

         Love in Autumn

I sought among the drifting leaves,
The golden leaves that once were green,
To see if Love were hiding there
And peeping out between.

For thro' the silver showers of May
And thro' the summer's heavy heat,
In vain I sought his golden head
And light, fast-flying feet.

Perhaps when all the world is bare
And cruel winter holds the land,
The Love that finds no place to hide
Will run and catch my hand.

I shall not care to have him then,
I shall be bitter and a-cold --
It grows too late for frolicking
When all the world is old.

Then little hiding Love, come forth,
Come forth before the autumn goes,
And let us seek thro' ruined paths
The garden's last red rose.
   
            ..........Sara Teasdale

S&P CNX Nifty for 2 November 2012.

For the bullish trend to resume the bench mark index will have to conquer the immediate resistance which is at 5674 above which only fresh longs will be created.
The tipping point for today is at 5631 below which the market will be weak. The immediate supports are however at 5617 and then at 5606.
Our outlook for today is a little bit of short covering. However, the bottom seems to be well in place for now.