S&P CNX Nifty for 1 February 2013.

As predicted in our last post on the Nifty, it did turn weak without volatility yesterday finding support at 6025.15 which was a shade above our predicted support of 6024. The tipping point for today is at 6040 and the immediate resistance is at 6043, 6054 and 6078. The immediate support is at 6024, 6005 and 5944.
Our outlook for the day is that Nifty is poised for a little more consolidation amidst continued weakness but sudden volatility and jump towards the close cannot be ruled out.

Book review. Wild: From Lost to Found on the Pacific Crest Trail by Cheryl Strayed

 

Wild is an autobiography by Cheryl Strayed in which she convincingly braves her past, body, fears and weather conditions as she walks a world measuring two feet wide and 2663 miles long world spanning across from Mojave to the bridge of gods, from her father's estranged behavior to her mother's demise and to the breaking up of the family, to her own breaking up and to her own estranged behavior with her ex-husband - and as aptly captioned- from lost to found- to survival- to redemption.
In a scale of ten, we give this book a full nine. It is a must read by all standards, rhyme and reasons.

Rise if you are Flabby, Out of Shape, Or Just Plain Fat..

Try this... no harm
Click here to watch

S&P CNX Nifty for 31 January 2013.

The tipping point for the day is at 6058 with 6061 and 6086 being the immediate resistances and 6051 and 6024 as the immediate supports.
Our outlook for the day is weakness amidst decreased volatility for most part of the session.

A romantic clip- Paperman.

The Walt Disney Animation Studio has made a six minute, short yet complete romantic movie, Paperman. Love exists everywhere and in everyone.
Click here and watch

S&P CNX Nifty for 30 January 2013.

The Nifty did surprise and indeed go down to 6042.45 on Tuesday which was a shade below our predicted support of 6043 in our yesterday's post. The tipping point now is at 6069 and Nifty must trade above this point for bulls to come to rescue the market. Otherwise the supports are at 6035 and 6006.
Our outlook for the day is that the market may reverse from this point and aim upwards in the immediate term but for that it has to open strong and trade above the 6069 mark conclusively.

S&P CNX Nifty for 29 January 2013.

The tipping point for the day is at 6075 with immediate support at 6071, 6060 and 6043. If it trades above the tipping point then the immediate resistance is at 6089, 6101 and 6116.
Our outlook for the day is of continued optimism albeit with surprise moves in the wake of the impending settlement day of January series on 31 January 2013.

S&P CNX Nifty for 28 January 2013.

The Nifty did indeed spike up towards the close on Friday as written in last post. The tipping point for Monday is at 6056 and the market must trade above the 6040 mark for Nifty to continue in its bullish advance otherwise 6002 and 5941 remain as the supports.
Our outlook for the day is continued bullish consolidation albeit with increasing volatility.

Weekend verses.

                         Tulips

The tulips make me want to paint,
Something about the way they drop
Their petals on the tabletop
And do not wilt so much as faint,

Something about their burnt-out hearts,
Something about their pallid stems
Wearing decay like diadems,
Parading finishes like starts,

Something about the way they twist
As if to catch the last applause,
And drink the moment through long straws,
And how, tomorrow, they’ll be missed.

The way they’re somehow getting clearer,
The tulips make me want to see—
The tulips make the other me
(The backwards one who’s in the mirror,

The one who can’t tell left from right),
Glance now over the wrong shoulder
To watch them get a little older
And give themselves up to the light.

             .............................A. E. Stallings

S&P CNX Nifty for 25 January 2013.

Continued weakness it was, as advocated in our last post.
The tipping point for the day is at 6020 with 6025 and 6032 as the immediate resistance which should be conquered conclusively for any hope of bulls to return.
On the flip side 6002 continues to be the immediate support which if broken may see Nifty slide down to 5941 levels.
Our outlook for the day is that there will be further weakness amidst volatility and consolidation before the market may spike up towards the end. Weakness may be utilized by the medium term investors to go long on specified equity. Traders are best advised to lie low.

S&P CNX Nifty for 24 January 2013.

The tipping point for the day is at 6049 with 6071 as the immediate resistance. On the flip side the immediate support is at 6038 and 6002.
As predicted in our last post, the Nifty did show all out weakness before bouncing back in the last hour. Our outlook is further consolidation and  a bit of continued weakness with increasing volatility. Traders are advised to trade with extreme caution.

S&P CNX Nifty for 23 January 2013.

As predicted in our post for last session, the Nifty did indeed spike up before tiring out.
The tipping point for the day is at 6063 with 6078 as the immediate resistance. n the flip side the immediate support is at 6031 which if breached may see Nifty go down to 6002.
Our outlook for the day is that there may be all out weakness with consolidation at lower levels as the market seems to have tired out.

S&P CNX Nifty for 22 January 2013.

The tipping point for the day is at 6083 and Nifty must trade above this for any further up move in which case the immediate resistance will be at 6096, 6119 and 6126.
On the flip side the immediate support is at 6067, 6054 and 6028.
Our outlook for the day is that the Nifty may show further spikes upwards before tiring out.

Silver Linings Playbook 2012 - Movie review.

 

Silver Linings Playbook is a romantic drama genre movie written and directed by David O Russel. The plot is brilliant and although predictable yet very unpredictable in terms of the turn of events leading to the end. One keeps on guessing as unexpected twists and turns of two emotionally unstable lead characters keep the audience occupied. Aside from being one of the best feature films of 2012 in this genre, the movie is notable for great acting especially by Jennifer Lawrence who plays the lead female role. Bradley Cooper has been equally great. Robert De Nero and Chris Tucker are simply fantastic. It is no wonder how the movie got nominated for academy award in four different categories- best picture, best director, best adapted screenplay and best film editing. 

On a scale of ten we give it a clean 9.5. 

Click here to watch the trailer.

 

 

S&P CNX Nifty for 21 January 2013.

The tipping point for the day is at 6065 which is a shade below the closing point of Friday (6064.3). The immediate support is at 6047 and then at 6022.
On the flip side, the immediate resistance is at 6070 and 6082. If it conquers 6082 then it will be headed towards 6101 and 6118.
Our outlook for the day is of active consolidation with positive bias leading to higher highs.

USD-INR technicals.

The INR has rallied recently against the USD and will continue in its bull run if it trades below the 53.7558 mark, the immediate resistance being at 53.7010, 53.6522 and 53.5972. However only if it trades conclusively below the critical resistance at 53.2835 can it be said to move towards the 51.9078 mark.
On the flip side, it may find supports at 53.7721, 54.1975 and 54.7272.
Our outlook for the INR is that it may strengthen a bit more against the USD but will continue to trade in a range between 51.9078 and 55.1515 unless a confirmed breakout happens in either direction.

Weekend Music.

Elephant Revival- Ancient Sea

&

Elephant Revival- Remembering a Beginning

Weekend Verses.

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

Movie Review. The Deep Blue Sea 2012

 

 

Golden Globe nominee for the actress Rachel Weisz's performance 'The deep blue sea' is a romantic drama. Set in post war London, the movie is an adaptation of Terence Rattigan's 1952 play painted into a very subtle and intricate piece of cinematic art by director Terence Davies. Rachel Weisz's powerful performance clearly stands out as she plays Hester Collyer, a passionate woman who gives up her everything, her comfort, richess and luxury for an unemployed man she is madly in love with and who she knows does not love her back.
A perfect blend of camera and sound track, 'The deep blue sea' is a compelling movie- a must watch. 
On a scale of 10 we give it 8.5.
Starring Rachel Weisz (Hester Collyer),  Tom Hiddleston (Freddie Page), Simon Russell Beale (Sir William Collyer), Anne Mitchell (Mrs. Elton).
Click here for official trailer.

S&P CNX Nifty for 18 January 2013

As indicated in our yesterday's post, the market did indeed find support at 5988 and closed at 6039.2 which was a shade below our predicted resistance of 6040.
The tipping point for the day is at 6026 which also happens to be the immediate support. If the support of 6012 is breached on the downside then there may be a bout of supply taking Nifty down to 5987 and 5928.
On the flip side the immediate resistance is at 6043 and then at 6066 and 6092.
Our outlook for today is of further consolidation with further spikes and new highs, with violent movements in either direction depending on which side of the tipping point the market trades in.

S&P CNX Nifty for 17 January 2013.

The market did indeed go up north making another 52 week high as we had indicated in our post on the day before yesterday. (15 January 2013)
The tipping point for today is at 6017 which is above the immediate resistance of 6011. The market will be bullish only above the 6040 mark.
Our outlook for today is another session of consolidation with a positive bias and intermediate bouts of weakness and strength. The support is 5988 and 5945.

S&P CNX Nifty for 15 January 2013.

The market did indeed trade above the crucial resistances and so were bullish throughout the session yesterday before closing much above our specified resistance in the last post. The tipping point for today is at 6007 with resistances at 6054 and 6082.
On the flip side the immediate support is at 6014, 6000 and 5977.
Our outlook for today is of continued consolidation with optimism. Chart-wise, the market is poised for another move up north.

S&P CNX Nifty for 14 January 2013.

The market was weak and did behave in expected lines in the past few sessions as indicated in our post, in spite of a strong gap up opening in all the last three trading sessions.
The tipping point for today is at 5970 and the immediate resistance is at 5960, 5971 and 5989. Nifty will turn bullish and aim for new 52 week highs only if it trades above the 6011 mark conclusively.
Our outlook for the market for today is that it will continue to be weak and a breach of the immediate support which is at 5941 may see it go down to the critical support which is at 5918 before consolidating once again. A breach of 5918 may take it down to 5852 levels. However, the bullish structure is intact.

To Rome With Love 2012 review.

Woody Allen has done it again, throwing his best in To Rome With Love as a director, an actor and a writer. To Rome With Love is a kaleidoscope of four different unconnected concurrent stories amidst a vibrant Rome. The first being that of an American tourist girl who falls in love with an Italian guy while visiting Rome which is more about Woody Allen who plays the girls father and how he spots the talent in the Italian guy's father and brings it to the fore in spite of opposition from his wife played by Judy Davis. In another story, Alec Baldwin cautions a young architect student against his getting attracted to his girlfriend's friend. In a third story a young french couple arrives in Rome for honey moon and gets caught in a bit of adventure that almost blew out their marriage. In a fourth story an average Italian man suddenly finds that he has become a celebrity as he dodges news and TV guys.
Starring Woody Allen, Alec Baldwin, Penelope Cruz, Roberto Benigni and Judy Davis is a must watch, if you love light romantic comedy.
I give it 7 in a scale of 10.
Click here and watch trailer.

List of holidays 2013.

The National Stock Exchange will remain closed on the following days.
1    27-Mar-2013    Wednesday    Holi
2    29-Mar-2013    Friday    Good Friday
3    19-Apr-2013    Friday    Ram Navmi
4    24-Apr-2013    Wednesday    Mahavir Jayanti
5    01-May-2013    Wednesday    May Day
6    09-Aug-2013    Friday    Ramzan ID
7    15-Aug-2013    Thursday    Independence Day
8    09-Sep-2013    Monday    Ganesh Chaturthi
9    02-Oct-2013    Wednesday    Gandhi Jayanti
10    16-Oct-2013    Wednesday    Bakri ID
11    04-Nov-2013    Monday    Diwali-Balipratipada
12    14-Nov-2013    Thursday    Moharram
13    25-Dec-2013    Wednesday    Christmas

The best non-fiction books 2012.

My picks of 8 best books that I read in 2012. The order in which they appear is the order as I read them and not of rank.

 

Weekend Verses.

In the Museum of Lost Objects
 

You’ll find labels describing what is gone:
an empress’s bones, a stolen painting
 
of a man in a feathered helmet
holding a flag-draped spear.
 
A vellum gospel, hidden somewhere long ago
forgotten, would have sat on that pedestal;
 
this glass cabinet could have kept the first
salts carried back from the Levant.
 
To help us comprehend the magnitude
of absence, huge rooms
 
lie empty of their wonders—the Colossus,
Babylon’s Hanging Gardens and
 
in this gallery, empty shelves enough to hold
all the scrolls of Alexandria.
 
My love, I’ve petitioned the curator
who has acquired an empty chest
 
representing all the poems you will
now never write. It will be kept with others
 
in the poet’s gallery. Next door,
a vacant room echoes with the spill
 
of jewels buried by a pirate who died
before disclosing their whereabouts.
 
I hope you don’t mind, but I have kept
a few of your pieces
 
for my private collection. I think
you know the ones I mean.

......Rebecca Lindenberg, “In the Museum of Lost Objects” from Love, an Index.

Weekend Music

Click and listen

I will always love you- Dolly Parton

S&P CNX Nifty for 11 January 2013.

There was all out weakness, as predicted in our yesterday's post and the benchmark index did go down to the 4947.3 mark.
The tipping point for today is at 5974 and the immediate resistance is at 5985 and then 5998 and Nifty must trade consistently above these levels for another bullish spike, otherwise it might further weaken. The immediate support is at 5961 and then at 5956. If the crucial  support of 5948 is breached then it will go down to 5918.
Our outlook for today is of continued weakness in the face of supply pressure.

My wild guess for Oscar nominations

Best feature film
1. Les Miserables
2. Lincoln
3. Argo
4. Zero Dark Thirty
5. Silver Linings Playbook
Best director
1. Steven Spielberg, Lincoln
2. Kathryn Bigelow, Zero Dark Thirty
3. Ben Affleck, Argo
4. Ang Lee, Life of Pi
5. Quentin Tarantino, Django Unchained
Best actor
1. Daniel Day-Lewis, Lincoln
2. John Hawkes, The Sessions
3. Denzel Washington, Flight
4. Hugh Jackman, Les Miserables
5. Joaquin Phoenix, The Master
Best actress
1. Jessica Chastain, Zero Dark Thirty
2. Jennifer Lawrence, Silver Linings Playbook
3. Naomi Watts, The Impossible
4. Emmanuelle Riva, Amour
5. Quvenzhane Wallis, Beasts of the Southern Wild
Best animation
1. Wreck-It-Ralph
2. Frankenweenie
3. Brave
4. ParaNorman
5. Rise of the GuardiansBest original song
1. "Suddenly" (Hugh Jackman, from "Les Miserables")
2. "Skyfall" (Adele, from "Skyfall")
3. "Learn Me Right" (Birdy/Mumford & Sons, from "Brave")
4. "Ancora Qui" (Ennio Morricone, from "Django Unchained")
5. "From Here to the Moon and Back" (Dolly Parton, from "Joyful Noise")PS- I would really love if they also include Moonrise Kingdom and Arbitrage.

S&P CNX Nifty for 10 January 2013.

A breach of 5980 did indeed see Nifty weaken. The immediate resistance for today is at 5973 and Nifty will have to trade above the crucial resistance at 5982 to consolidate and then 5997 to be bullish.
Our outlook for today is all out weakness in the market and if the support of 5948 is breached then it may go down to 5918.

S&P CNX Nifty for 9 January 2013.

Our support for yesterday held more or less and Nifty made a comeback.
The tipping point for today is at 5991 with 5997 as the immediate support and then at  5990 and 5980.
On the flip side, the immediate resistance is at 6013, 6030 and 6070.
Our outlook for today is that 6013 is the major hurdle for the Nifty to resume its up move. The market may open on a bullish note but volatility cannot be ruled out resulting on sudden drops. Short term traders are advised to add long positions in case of any weakness and book profit around the resistances. A breach of 5980 may see it go down to 5948 and 5918.

Top Ten Music Albums of 2012

Here is my list of the top ten music albums of the year 2012. One track has been picked from each album. The order in which they appear is not in terms of rank. Hard to single out one above the other.

  Wrecking Ball by Bruce Springstien

   Bob Dylan's Tempest

  Tramp by Sheron Van Etten

  O' be joyful by Shovels and rope

 Old Ideas by Leonard Cohen

 Loonerism by Tame Impala

 Slipstream by Bonnie Raitt

 Babel by Mumford & Sons.

 Frank Ocean Thinking of you 

 The Carpenter by Avett Brothers

S&P CNX Nifty for 8 January 2013.

The bullish structure is in tact but the market will have to trade above 6002 consistently, which is the tipping point for the day. The immediate resistance being at 5993, 6002 and 6018.
On the flip side, the immediate support is at 5966, 5952 and 5917.
Our outlook for the day is that the Nifty might open weak and go further down south. Investors and traders are advised to utilize the weakness and go long as the Nifty consolidates.

S&P CNX Nifty for 4 January 2013.

The tipping point for today is at 6006 with 5992 as the immediate support and then at  5976 and 5950.
On the flip side, the immediate resistance is at 6022, 6035 and 6053.
Our outlook for today is that 6006 is the major hurdle for the Nifty to resume its up move. It might open soft initially and aim for a new 52 week high later.

S&P CNX Nifty for 3 January 2013.

The Nifty must hold above 5991 mark for it to continue with the current upsurge with the immediate resistance at 5998 and then at 6006, 6018 and 6030.
On the flip side the immediate support below 5991 is at 5973 and 5952.
Our outlook for the day is continued optimism with occasional supplies coming in in Index stocks.

Trading call.

Traders are advised to go long on Bank of India, if it holds conclusively above 349 and go long on Nifty. Investors are advised to start selling in staggered way all those stocks in their portfolio which have not performed/ underperformed whenever there is an upsurge and start adding the performers in their portfolio in every weakness.

S&P CNX Nifty for 2 January 2013.

The tipping point for today is at 5950 which also happens to be the closing point of the benchmark index yesterday. A slip below this point will see Nifty consolidating with 5902 as the critical support, the immediate supports being 5939 and 5926.
Our outlook for the day is consolidation with bullish bias with resistances at 5965, 5979 and 5995.