Tuesday, May 21, 2013

S&P CNX Nifty for 22 May 2013.

The tipping point for the day is at 6132 with immediate support at 6108. There after the support is at 6070.
On the flip side the market will face immediate resistance at 6121, 6132 and 6151.
However to resume the bull run the market will have to conquer the resistance of 6187.
Our outlook for today is that the market looks inconclusive and weak in the face of the impending settlement and over bought positions in F&O segment and this may couse it to slide even lower.
However, to resume the current trend of strong bull run, the support of 6108 is very crucial for today which if taken out will result in  a decrease in the commitment by the market players and slowing the speed of ascent.

Thursday, May 16, 2013

S&P CNX Nifty for 17 May 2013.

The tipping point for the day is at 6162 with 6167 as the immediate support and thereafter at 6138 and 6063.
The immediate resistance is at 6175 and then at 6195 and 6220.
Our outlook is of continued optimism amid a bit of cooling and flare ups.

Wednesday, May 15, 2013

S&P CNX Nifty for 16 May 2013.

It turned out very much in expected lines. As stated in our blog post yesterday, the market did resume its bull run as it came back with great strength.
The tipping point for today is at 6108 with 6133 as the immediate support. Thereafter the supports are at 6114 and 6046.
The immediate resistance is at 6152 and then at 6196 and 6246.
Our outlook is of continued bull move amid a lot of strength.

Tuesday, May 14, 2013

S&P CNX Nifty for 15 May 2013.

As the followers of our post might have noticed that our resistance as stated in last post of 6027 held as Nifty returned from 6026.8.
The tipping point for today is at 5998 with 5991 as the immediate support. If 5991 gets breached then the next supports are at 5962 and 5914.
On the flip side the resistance is at 6004 and 6008. 
Our outlook for today is that of continued strength, which may lead to resumption of bull market if the benchmark index conquers 6062 mark. 

Monday, May 13, 2013

S&P CNX Nifty for 14 May 2013.

The tipping point for the day is at 6019. The resistances placed at 6006, 6027 and 6061.
The supports are at 5962 and 5914.
Our outlook for today is that the benchmark index must overcome 6061 conclusively for the bull run to resume. Otherwise the market will be somewhat weak as it will consolidate.

Sunday, May 12, 2013

S&P CNX Nifty for 13 May 2013.

The tipping point for the day is at 6101with 6095 as the immediate support. Thereafter the supports are at 6071 and 6059.
On the flip side the resistances are at 6119, 6133 and 6150.
The outlook continues to be bullish as there is a bit more space on the upside even though there might be some supply emerging.

Saturday, May 11, 2013

I Dont Want To Talk About It



Rod Stewart & Amy Belle


The lyrics
I can tell by your eyes that you've probably been cryin' forever,
And the stars in the sky don't mean nothin' to you, they're a mirror.
I don't want to talk about it, how you broke my heart.
If I stay here just a little bit longer,
If I stay here, won't you listen to my heart, whoa, my heart?

If I stand all alone, will the shadow hide the color of my heart?
Blue for the tears, black for the night's fears.
The stars in the sky don't mean nothin' to you, they're a mirror.
I don't want to talk about it, how you broke my heart.
If I stay here just a little bit longer,
If I stay here, won't you listen to my heart, whoa, my heart?
I don't want to talk about it, how you broke this ol' heart.

If I stay here just a little bit longer,
If I stay here, won't you listen to my heart, whoa, my heart?
My heart, whoa, my heart.

Time has disappeared..

Time has disappeared

Time has disappeared
Into the air-tracks
Where a young girl's face,
Bird without body,
Takes flight.
From her eyes a black pearl
Escapes to Icaria sky.
She's daughter to oblivion
That bequeathed her
A morsel of moonless night,
Left on her lips.
She'll never touch earth
She'll never tease the stone
Nor the trees
Nor the waters that confound them.
She married an illusion
That vanished in the wind.

   ........................    by Aurélia Lassaque

[This poem is an English translation by James Thomas as it appears on facing pages in her new collection - 'Solstice and Other Poems' which is a bilingual volume with Lassaque's Occitan originals in the side page.]

Thursday, May 9, 2013

Life without you


Steven Ray Vaughan


Oo oo now baby....
Tell me how have you been
We all have missed you....
And the way you grin
The day is necessary....
Every now and then
For souls to move on....
Givin' life back again, and again
Fly on fly on....
Fly on my friend
Go on....
Live again....
Love again

Day after day....
Night after night
Sittin' here singin' every minute....
As the years go passing by....
By, by, by
Long look in the mirror....
We've come face to face
Wishin' all the love we took for granted....
Love we have today

Life without you....
All the love you passed my way
The angels have waited for so long....
Now they have their way
Take your place....

S&P CNX Nifty for 10 may 2013.

The tipping point for the day is at 6059 with 6047 as the immediate support and thereafter at 6024 and 5987. On the flip side the resistances are at 6065, 6076, 6102.
The crucial support of 6047 indicated in our yesterday's post did manage to hold on closing basis.
Our outlook for today is that although the bullish structure is very much in tact, but a lot depends on whether the benchmark index trades below 6047 or above 6065. If it trades below 6047 for longer period then a bit of long unwinding may emerge whereas if it trades above 6065, fresh longs may emerge.

Wednesday, May 8, 2013

Willow weep for me..

RON CARTER- SOLO


S&P CNX Nifty for 9 May 2013

Those followers of this blog who watched the nifty yesterday must have noticed how the Nifty traded mostly around our first resistance of 6069 for most of yesterday's session before it finally conquered it towards the tail end.
The tipping point for today is at 6059 with immediate supports at 6065 and 6047.
The immediate resistance is at 6095, 6118 and 6152.
Our outlook is of continued optimism if it holds above the 6047 mark. Otherwise it will consolidate.

Tuesday, May 7, 2013

S&P CNX Nifty for 8 May 2013.

As predicted in our yesterday's post, it indeed was a bullish flare up.
The tipping point for today is at 6026 with 6069, 6093 and 6136 as the resistances. On the flip side the immediate supports are at 6042, 6036 and 6028
However, for the bullish run to continue the market must stay above the 6017 mark.
Our outlook for today is of continued bull run with a bit of consolidation here and there.

Monday, May 6, 2013

S&P CNX Nifty for 7 May 2013.

The resistance of 5976 held yesterday twice, once in mid session and then again towards the close which was very much in line with our estimated resistance of 5974 as also our support of 5925 as published in yesterdays post.
The tipping point for today is at 5958 and the immediate supports are at 5971, 5966 and 5952. The resistance is at 5985 and then at 6007 and 6037.
Our outlook is of continued consolidation with bullish flare ups.

Sunday, May 5, 2013

S&P CNX Nifty for 6 May 2013.

As predicted in our last post, the market did cough up a bit.
The tipping point for today is at 5959 with 5946, 5958 and 5974 as the immediate resistances.
On the flip side the supports are at 5925 and 5877.
Our outlook is that of a breakout might be coming again but only if it trades above the 5985 mark with good volumes. Otherwise it will consolidate with a positive bias.

Saturday, May 4, 2013

Suburbs...


 Enjoy with  Arcade Fire as they play Suburbs





Here are the beautiful lyrics


In the suburbs I
I learned to drive
And you told me we'd never survive
Grab your mother's keys we're leavin'

You always seemed so sure
That one day we'd be fighting
In a suburban war
your part of town against mine
I saw you' standin' on the opposite shore
But by the time the first bombs fell
We were already bored
We were already, already bored

Sometimes I can't believe it
I'm movin' past the feeling
Sometimes I can't believe it
I'm movin' past the feeling again

Kids wanna be so hard
But in my dreams we're still screamin' and runnin' through the yard
And all of the walls that they built in the seventies finally fall
And all of the houses they build in the seventies finally fall
Meant nothin' at all
Meant nothin' at all
It meant nothin

Sometimes I can't believe it
I'm movin' past the feeling
Sometimes I can't believe it
I'm movin' past the feeling and into the night

So can you understand?
Why I want a daughter while I'm still young
I wanna hold her hand
And show her some beauty
Before all this damage is done

But if it's too much to ask, if it's too much to ask
Then send me a son

Under the overpass
In the parking lot we're still waiting
It's already passed
So move your feet from hot pavement and into the grass
Cause it's already passed
It's already, already passed!

Sometimes I can't believe it
I'm movin' past the feeling
Sometimes I can't believe it
I'm movin' past the feeling again

I'm movin' past the feeling
I'm movin' past the feeling

In my dreams we're still screamin'
We're still screamin'
We're still screamin'






Friday, May 3, 2013

Try to recall..



Intact



1

From what I don’t recall
I am able to infer
what didn’t happen
in a given setting

while you can’t or won’t

so that
I might have been behind you
in the boat
or you might have been alone
or accompanied by strangers.

Alternates persist
since they aren’t named as such.

On the other hand, I feel
the removal of one element
changes the event
so it must disappear

       

2

If thunder clapped,

small flowers
at leaf joints

stared straight ahead
in silence.

Did rocks react?

Try to recall

                                                          ........... Rae Armantrout

Thursday, May 2, 2013

S&P CNX Nifty for 3 May 2013.

The tipping point for the day is at 5976 which is way below the immediate support of 5983. Thereafter the supports are at 5961 and 5925. The immediate resistance is at 6007 which if overcome may see the benchmark index finding resistance at 6042 and 6085.
Our outlook for the day is that the party continues, albeit with a bit of hiccup and jolts.

Wednesday, May 1, 2013

S&P CNX Nifty for 2 May 2013

As predicted in our last posts, Nifty did exhibit a breakout in an optimistic way.
The tipping point for today is at 5926 with the next resistance at 5972. On the flip side if Nifty slides below 5926 then the supports are at 5912, 5895 and 5856.
Our outlook is that the market may consolidate with a positive bias before another spike up towards scaling a new high.

Monday, April 29, 2013

S&P CNX Nifty for 30 April 2013.

The tipping point for the day is at 5898.
The immediate supports are at 5898 & 5887.
Resistances are at 5925, 5947, 5975.
Our outlook is of continued optimism as long as it stays above 5842.

Sunday, April 28, 2013

S&P CNX Nifty for 29 April 2013.

The tipping point for the day is at 5880 with 5842 being the immediate support. The immediate resistance is at 5872, 5879 and 5890. The benchmark must trade above 5890 with good volumes to scale new highs.
Our outlook for the day is that there are chances of a breakout today; whether it will be a positive break out or negative will depend upon whether the bench mark conquers 5890 or slips below 5842. Traders may also keep an eye on the volumes, for a breach of the above points without heavy volumes is a false signal.

Friday, April 26, 2013

Oh, Grace just hold me in your arms and let this moment linger..


Grace - Jim McCann

 
Lyrics
As we gather in the chapel here in old Kilmainham Jail
I think about these past few weeks, oh will they say we've failed?
From our school days they have told us we must yearn for liberty
Yet all I want in this dark place is to have you here with me

Oh Grace just hold me in your arms and let this moment linger
They'll take me out at dawn and I will die
With all my love I place this wedding ring upon your finger
There won't be time to share our love for we must say goodbye

Now I know it's hard for you my love to ever understand
The love I bare for these brave men, the love for my dear land
But when Pádraic called me to his side down in the GPO
I had to leave my own sick bed, to him I had to go

Oh, Grace just hold me in your arms and let this moment linger
They'll take me out at dawn and I will die
With all my love I'll place this wedding ring upon your finger
There won't be time to share our love for we must say goodbye

Now as the dawn is breaking, my heart is breaking too
On this May morn as I walk out, my thoughts will be of you
And I'll write some words upon the wall so everyone will know
I loved so much that I could see his blood upon the rose.

Oh, Grace just hold me in your arms and let this moment linger
They'll take me out at dawn and I will die
With all my love I'll place this wedding ring upon your finger
There won't be time to share our love for we must say goodbye
For we must say goodbye

I went back..

            Romance

I went back, as to my relatives.
When I arrived, the elms had been shaved.
But you were all the same.
The buildings, the dry classrooms.
I embraced your eyes, your avenues.
You were fixed in the same expressions.
Your flat voices, your dental work,
like your lips, slipping over words already said.
Additional agricultural pamphlets;
many of you sat in private offices.
Why did I think I could drag it all back,
the former edge of town where
streets ended in fields under clouds
puffed like the French phrases
he kissed me with in the sucked-in breath
of that illusive happiness.
Coming back, listening, looking;
ready to take your bodies in my hands.
Returning to streets that had poured
heavy shopping malls
over the hay-sweet grass
where he and I lay whispering
the most important nonsense
of my desperate and embittered life.

                                         ........Ruth Stone

 
(1915- 2011)

Thursday, April 25, 2013

More of scottish music..

Johnny I hardly knew ye

Lyrics

While goin' the road to sweet Athy, hurroo, hurroo
While goin' the road to sweet Athy, hurroo, hurroo
While goin' the road to sweet Athy
A stick in me hand and a tear in me eye
A doleful damsel I heard cry,
Johnny I hardly knew ye.
We had guns and drums and drums and guns, hurroo, hurroo
We had guns and drums and drums and guns, hurroo, hurroo
We had guns and drums and drums and guns
The enemy nearly slew ye
Oh my darling dear, Ye look so queer
Johnny I hardly knew ye.
Where are the eyes that looked so mild, hurroo, hurroo
Where are the eyes that looked so mild, hurroo, hurroo
Where are the eyes that looked so mild
When my poor heart you first beguiled
Why did ye scadaddle from me and the child
Oh Johnny, I hardly knew ye.
Where are the legs with which you run, hurroo, hurroo
Where are the legs with which you run, hurroo, hurroo
Where are your legs that used to run
When forced into carrying a gun
Indeed your dancing days are done
Oh Johnny, I hardly knew ye.
I'm happy for to see ye home, hurroo, hurroo
I'm happy for to see ye home, hurroo, hurroo
I'm happy for to see ye home
All from the island of Sulloon
So low in the flesh, so high in the bone
Oh Johnny I hardly knew ye.
Ye haven't an arm, ye haven't a leg, hurroo, hurroo
Ye haven't an arm, ye haven't a leg, hurroo, hurroo
Ye haven't an arm, ye haven't a leg
Ye're an armless, boneless, chickenless egg
Ye'll have to be put with a bowl out to beg
Oh Johnny I hardly knew ye.
They're rolling out the guns again, hurroo, hurroo
They're rolling out the guns again, hurroo, hurroo
They're rolling out the guns again
But they never will take my sons again
No they'll never take my sons again
Johnny I'm swearing to ye.

S&P CNX Nifty for 26 April 2013.

What an expiry of April contracts! Welcome to the May series.
The market exhibited a clean breakout from the recent downtrend which had begun from the onset of February series this year (29 Jan 2013)
The tipping point for the day is at 5898 with immediate resistance at 5918 and then at 5942 and 5970. The immediate support is at 5909, 5900 and 5885. Breach of 5885 may take it down to 5842 and 5766.
Our outlook for the day is that the market may let out a bit of steam afterwards maybe another spike up north.

Wednesday, April 24, 2013

Connie Dover

Connie Dover started her career playing bluegrass before joining Celtic band Scartaglen in the early 1980s. In the 1990s, she began a solo career and has released four solo albums since 1991's. Born in Arkansas and raised in Kansas City, Missouri, she is an American singer-songwriter who primarily writes and performs Celtic music and American folk music.
Click on the following link and enjoy with Connie Dover.



S&P CNX Nifty for 25 April 2013

The market closed on Tuesday rather inconclusively, touching the down trending line for the fifth time since 29 January 2013. The tipping point for today is at 5824 and the immediate supports are at 5831, 5824 and 5811 and resistance is at 5869.
Today being the day of settlement of futures and options of April series, market may be erratic and inconclusive again.

Tuesday, April 23, 2013

The Dubliners - The Rocky Road To Dublin

An Irish folk band founded in Dublin in 1962, The Dubliners started off as The Ronnie Drew Ballad Group. the group's success was centred around lead singers Luke Kelly and Ronnie Drew the lead singers saw the group reach its success with their lively Irish folk songs, traditional street ballads and instrumentals.
Here's a popular yet tough to sing song from the group
The Rocky Road To Dublin
Lyrics are in description
Dare you to try to sing along, if you can.
 

Love is apart from all things..

The Great Fires

Love is apart from all things.
Desire and excitement are nothing beside it.
It is not the body that finds love.
What leads us there is the body.
What is not love provokes it.
What is not love quenches it.
Love lays hold of everything we know.
The passions which are called love
also change everything to a newness
at first. Passion is clearly the path
but does not bring us to love.
It opens the castle of our spirit
so that we might find the love which is
a mystery hidden there.
Love is one of many great fires.
Passion is a fire made of many woods,
each of which gives off its special odor
so we can know the many kinds
that are not love. Passion is the paper
and twigs that kindle the flames
but cannot sustain them. Desire perishes
because it tries to be love.
Love is eaten away by appetite.
Love does not last, but it is different
from the passions that do not last.
Love lasts by not lasting.
Isaiah said each man walks in his own fire
for his sins. Love allows us to walk
in the sweet music of our particular heart.

                    .............. by Jack Gilbert

Monday, April 22, 2013

And I ask you friend, what would you do?

Sharon Shannon smiling.jpg
Irish musician, Sharon Shannon is best known for her work with the accordion and for her fiddle technique. She also plays the tin whistle and melodeon. She started performing with Disirt Tola, a band from County Clare when she was eight years old.
Starting with Irish folk music, her musical influences include reggae, cajun music, Portuguese music, and French Canadian music. 
Enjoy her ever memorable song....Galway Girl. Lyrics are in description.



S&P CNX Nifty for 23 April 2013.

The tipping point for the day is 5823 with the immediate and crucial resistance at 5869.
On the flip side the supports are at 5814, 5782 and 5736.
Our outlook for the market is that the 5833 mark is crucial for future trend and the market should conclusively trade above this point for a trend reversal from the recent down trend to up trend. Fresh longs will be built if it conquers the resistance at 5869 mark.

Sunday, April 21, 2013

S&P CNX Nifty for 22 April 2013

The tipping point for the day is at 5753 with immediate resistances at 5787, 5825 and 5869.
However, on the flip side, the supports are at 5768, 5751 and 5617.
Our outlook is that the market may go up a bit more and if it happens to conquer 5869 with good volumes then fresh longs will be built up signalling a change from consolidation to a return to bullish trend. The buying spree and short covering may take the market up to the 5871 mark in the next few trading session. Traders on long side may raise their stop loss to 5624 and in case of a positive bullish opening today to 5745.

Thursday, April 18, 2013

I go back to May 1937

I Go Back to May 1937

I see them standing at the formal gates of their colleges,
I see my father strolling out
under the ochre sandstone arch,
the red tiles glinting like bent
plates of blood behind his head,
I see my mother with a few light books at her hip
standing at the pillar made of tiny bricks,
the wrought-iron gate still open behind her,
its sword-tips aglow in the May air,
they are about to graduate, they are about to get married,
they are kids,
they are dumb,
all they know is they are innocent,
they would never hurt anybody.
I want to go up to them and say Stop,
don’t do it—she’s the wrong woman,
he’s the wrong man,
you are going to do things
you cannot imagine you would ever do,
you are going to do bad things to children,
you are going to suffer in ways you have not heard of,
you are going to want to die.
I want to go up to them there in the late May sunlight and say it,
her hungry pretty face turning to me,
her pitiful beautiful untouched body,
his arrogant handsome face turning to me,
his pitiful beautiful untouched body,
but I don’t do it.
I want to live.
I take them up like the male and female
paper dolls and bang them together at the hips,
like chips of flint,
as if to strike sparks from them,
I say do what you are going to do,
and I will tell about it.

.........................................................Sharon Olds

More from The Lone Bellow..

Another lovely song from 
The Lone Bellow
I'm looking for you again

The Lyrics to the song

Your break down,
was easy to see
it took you away,
further from me.

Shifting through this house and photographs
I think of you,
much more than I should
more than I should.

And I'm falling down,
like its holy ground
I'm looking for you again,
I'm looking for you again.

Small regrets
that live in the dark
I've written them down
but I know them by heart.

Counted the cost of this loneliness
I've paid for my crime
and some day I'll die
with you in my mind.

And I'm falling down,
like its holy ground
I'm looking for you again,

I'm looking for you again.

I'm not letting you go again,
now letting this story end.
I'm not letting you go again,
now letting this story end.
Oh we're all not letting you go again
I'm not letting the story end,
Oh I'm not letting you go again,
I'm not letting this story end

And I'm falling down,
like its holy ground
I'm looking for you again,
I'm looking for you again.
And I can't go without
and there's always down
I'm looking for you again,
I'm looking for you again.

Wednesday, April 17, 2013

S&P CNX Nifty for 18 April 2013.

The tipping point for the day is at 5697 with immediate supports at 5686, 5677 and 5643. The immediate resistances are at 5696, 5703 and 5719.
Our outlook for today is a bit more of cautious optimism as market will remain closed tomorrow. Traders riding longs may trade safe by raising their stop loss to 5589. The buying spree and short covering may take the market up to the 5871 mark in the next few trading session if the 5719 mark is conquered conclusively with good volumes. 5871 mark will decide the future trend i.e. whether the market will resume its earlier bullish trend or consolidate.

Tuesday, April 16, 2013

S&P CNX Nifty for 17 April 2013.

The tipping point for today is at 5648 with the resistances at 5717, 5766 and 5782. On the flip side the supports are at 5652, 5623 and 5614.
The market did manage to hold above 5557.5, and so it saw a bullish move up north. It closed in a rather optimistic note. However, the market cannot be concluded to have reversed it's recent down trend unless and until it conclusively closes above the 5717 mark today and above 5870 in successive sessions. Traders on long side are advised to ride the trend with 5576 as stop loss.

Spring 2013.






















Monday, April 15, 2013

S&P CNX Nifty for 16 April 2013.

The tipping point for the day is at 5554 with 5571 and 5581 as the immediate resistances, above which the market must conclusively overcome 5662 for any hope of sustained up move.
Otherwise the immediate support is at  5535 failing which it will see further erosion till 5444.
As predicted in our last post, the market did go up yesterday albeit amidst pessimism.
Our outlook is of a little more upside if it holds above the 5557.5 mark. However, if the benchmark index closes above the 5610 mark on closing basis with good volumes, then the next trend will be of consolidation with positive bias, otherwise we are in a downtrend which may probably bottom out at around 5280 levels.

Sunday, April 14, 2013

S&P CNX Nifty for 15 April 2013.

The tipping point for the day is at 5522 with 5540 and 5566 as the immediate resistances. On the flip side the immediate support is at 5513 failing which it will slide towards the 5444 mark.
Our outlook is that the market may go up a bit in the immediate term but overall, it will remain weak.

It's spring time

 The Changing colours as clouds gathered and wind howled. It's spring time folks!!!




It grew dark soon enough and soon enough it was back to normal!!

Saturday, April 13, 2013

Poem of the week.


Love in Spring

Your gentle laughter, as you tease
reminds me poignantly of wind chimes
swaying on a balmy spring day breeze

Makes me Long to be part of your days
nights too, held closely in your arms
Forever and another Spring, if I may

As the Earth slowly turns round the sun
Valleys, groves and hills are warmed
Spring blooms in my heart, love's a season

Holding hands, stealing kisses as we run
through fields, woods or mountain trails
A Spring for you and me, to discover love

Barren wall, barren heart, Spring bloomed
Darkness in my soul found streamers of light
Braided into you, in a joyous Maypole dance

        ...by Cindy Kreiner Sara

Sarah Jarosz trio.

 


Sarah Jarosz, is accompanied by Alex Hargreaves playing violin and Nathaniel Smith playing cello, as the trio perform 'The Book Of Right On'. The talented incredibly young group is growing deeper and deeper with every new performance. 
Listen for your self...





Thursday, April 11, 2013

S&P CNX Nifty for 12 April 2013.

The tipping point for the day is at 5582 with immediate resistance at 5624, 5648 and 5665. On the flip side the immediate support is at 5585, 5568 and 5528. If 5528 is broken then all gain of last two sessions will be lost.
Our outlook continues to be negative as long as the benchmark index does not conclusively hold above 5665 with good volumes and also on closing basis. Otherwise we are not out of the woods. Traders may ride longs with 5560 as stop loss.

Wednesday, April 10, 2013

S&P CNX Nifty for 11 April 2013.

The market indeed exhibited a comeback as, much in predicted lines, it did stick it's head above the 5528 mark as we had stated in our last post.
The immediate support is at 5547 and 5534. 5534 also hapens to be the tipping point today.
If it slides below the 5512 mark then all of yesterdays gains will be wiped out.
On the flip side the immediate resistances are at 5583 and 5648.
Our outlook is that the market although still weak may exhibit a bit more strength and so traders on the long side may continue with stop loss at 5512.

Tuesday, April 9, 2013

S&P CNX Nifty for 10 April 2013.

As envisaged in our last post, the market indeed turn our to be weak. The immediate resistance for today is at 5514 and the tipping point for today is placed much higher at 5528. If the benchmark index manages to stick it's head above this mark then the market will face resistance at 5531 and 5559.
On the flip side the supports are at 5453.
Our outlook continues to be pessimistic and the market seems to be headed towards the 5444 mark. If 5444 gets broken today then lot of supply will emerge from the domestic players as new shorts will be initiated.

Monday, April 8, 2013

S&P CNX Nifty for 9 April 2013.

The tipping point for the day is at 5549 with immediate resistance at 5557 and then 5587, 5619 and 5670 continue to be higher resistances, in case if Nifty holds above the 5557 mark.
On the flip side the immediate support is at 5530, 5516 and 5498. Target on the lower side is at 5444.
Our outlook for the market continues to be weak and it may slide further. Only a breakout above the 5670 can lift the morale of the bulls.

Sunday, April 7, 2013

S&P CNX Nifty for 8 April 2013.

The tipping point for the day is at 5555 with 5562 as the immediate resistance and then 5587, 5619 and 5670.
On the flip side the immediate support is at 5532, 5512 and 5490. 5445 should be a more strong support.
Our outlook continues to be negative on the market as it will erode further with new shorts being formed in the system.

Saturday, April 6, 2013

The Mall, Nainital.

A drive through the noisy, crowded and congested road as the crowd swells on holidays. 30 march 2013. The lake is to the right.



Friday, April 5, 2013

Elephant Revival.

ELEPHANT REVIVAL
Talking of transcendental folk music here's a group from Nederland, Colorado. Elephant Revival was formed in 2006. The group incorporates Celtic fiddle tunes and ballads. The group members are versatile and play multiple instruments and make resounding music with washboard, djembe, musical saw, double-bass, mandolin, banjo, acoustic guitar, electric banjo/guitar, fiddle and vocals.
Enjoy as the group plays 'What is time'

Thursday, April 4, 2013

S&P CNX Nifty for 5 April 2013.

The tipping point for the day is at 5596 with 5610 and 5638 as the immediate resistance.
The support continues to be at 5558 which if breached will see fresh shorts being built in the system as the benchmark index will slide towards 5445.
Our outlook continues to be of weakness and consolidation at lower levels as the market may seek an intermediate bottom. trend will reverse only if it somehow conquers 5683.

Wednesday, April 3, 2013

S&P CNX Nifty for 4 April 2013.

The tipping point for the day is at 5690 with immediate support at 5655. A breach of 5655 will see further erosion sliding towards the rock support of 5558.
On the flip side the market will have to conquer the stiff resistances at 5676, 5692 and 5715 for any hope of return of bulls.
Our outlook for the day is a bit more of the downside and more consolidation at lower levels.

Tuesday, April 2, 2013

S&P CNX Nifty for 3 April 2013.

The tipping point for the day is at 5730 with immediate resistance being at 5777, 5789 and 5816.
The immediate supports are at 5737, 5726 and 5712 and then at 5662.
As envisaged in our yesterday's post, the market index did go up and our outlook continues to be bullish for today. Traders may continue to ride their longs increasing stop loss from yesterday's 5649 to 5662 for today.

Monday, April 1, 2013

S&P CNX Nifty for 2 April 2013.

The tipping point for the day is at 5701 with immediate resistance at 5744, 5775 and 5815. On the flip side the supports are at 5692, 5676 and 5649. A dip below 5649 will erase all the recent profits.
Our outlook for the day is of continued optimism and short term traders are advised to go long on Nifty with 5649 as the strict stop loss.

Friday, March 29, 2013

Weekend music for you

National Public Radio a non-profit organization launched NPR Music in 2007 which offers podcasts and live concerts. It serves as a syndicator to Public Radio Stations in the US.  
Presenting Lucius. Listen and enjoy..it's weekend folks.

Tuesday, March 26, 2013

Kumaon Holi with musical Hues.

The musical Holi started in the court of Chand kings in 15th century in Chamapawat, Kumaon where the musical traditions of Braj mixed with Kumaoni musical traditions paved the way for this unique celebration. With the spread of Chand rule and integration of Kumaon under them the Holi traditions spread all across Kumaon and acquired their distinct Kumaoni flavour.

 Holi actually starts with the Aaamla Ikadasi (11 th day of the month of Falgun of Indian Lunar Calendar, Shukl Paksh) on which the new clothes for gods and for the family members are consecrated with colour. From this day the musical Holi starts in the form of Baithaki holi,( sitting in holi) Khari holi (Standing Holi)and Mahila holi (Lady's Holi)
Baithaki holi is started by the professional holiyars in temples and then conducted at the homes of people or in community centers to the accompaniment of harmonium and sometimes table . These songs are based on classical Hindustani music but imbibed with local kumaoni flavor 
'समुझाय रही राधा नन्द, नन्द कुवर समुझय, होली खेलो फागुन ऋतु आयी'

 The khari holi is sung by groups of men who go in groups called Tolis and sing the traditionally vibrant and frolicsome holi songs again based on ragas, to the accompaniment of the musical instruments hurka, dhol and majeera. As they move from house to house they shower blessing and musical notes on each dwellings. They are greeted with holi snacks and gulal and the performance eagerly watched. Some famous songs are 
'झनकारो झनकारो झनकारो and जोगी आयो शहर में व्योपारी'
The Mahila holi is conducted at homes where women sing songs of holi which are on the life of lord Krishna and his consort. Some songs also border on the boisterous as women dress up as men in guise calledSwaang’, much gaiety and laughter the hallmark of such ‘Swaang', often borrowed trousers and shirts of the husband being donned by the women who have never been seen other than in a saree.

The musical traditions of the Holi in Kumaon give it a flavor that is unique, one in which it’s the words that are emblazoned with colours that paint our souls with divine love .

Monday, March 25, 2013

S&P CNX Nifty for 26 March 2013.

The tipping point for the day is at 5659.
The immediate resistance that the benchmark index must conquer is at 5666 for any hope of bulls coming to rescue and consequent strong closing of current series.
Otherwise, the support is at 5599 & 5558.
Althoigh the market did open strong in the last session yet it gave away most of its gains towards the close, closing much below making a new recent low.
Our outlook for the day is of a bit of strength but not without a new intermedite low.

Flower Dance


Reminds me of Wordsworth's 'Daffodils'.....
ten thousand saw I at a glance
tossing their heads in a sprightly dance
the waves beside them danced  but they
outdid the sparkling waves in glee
a poet could not but be gay
in such a a jocund company