Friday, March 29, 2013
Tuesday, March 26, 2013
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
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
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
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.
Sunday, March 24, 2013
The tipping point for the day is at 5658 and if the market does not hold above this point conclusively with good volumes then it is clearly headed towards 5558.
On the flip side however, the immediate resistance is at 5669, 5680 and 5710.
Our outlook for the day is that the market may have formed an intermediate bottom or will form one today in this last leg of down-slide before consolidating and resuming a short flash of a shot up north. It may be however remembered that this is the triple witching week wherein the settlement of F&O is due on Thursday the 28th March.
Incidentally, all the banks (except HDFC Bank and SBI) have turned weak. HDFC Bank may be considered weak if it breaks the support of 602. ITC continues to be strong and safe.
Saturday, March 23, 2013
The songs are mostly based on traditional music of Piedmont region of North and South Carolina and they band members have a perfect harmony while playing guitar, snare drum, Kazoo, Fiddle, 5 String Banjo, Tambourine, Bones, Jug and Cello.
If you are a lover of Old time strings, here's a band for you.
Monday, March 18, 2013
The market could not conquer the 5850 mark in last trading session which in fact turned out to be the stiff resistance.
The tipping point for today is at 5835 and immediate resistance is at 5848 and 5871.
On the flip side support is at 5802 and 5781.
Our outlook for the day is continued consolidation with bullish bias as long as it stays above 5781 mark.
Sunday, March 17, 2013
However, if it manages to hold above the tipping point then the immediate resistance is at 5881 and 5894. The bulls will return only if it trades above 5915 conclusively.
Our outlook is that the market may turn volatile before consolidating with a positive bias. Short term traders may best abstain from the current series and may start taking short positions for the next month F&O series in the event of a bullish move.
Thursday, March 14, 2013
On the flip side, the support is at 5888, 5870 and 5840. If it slides below 5840, then all the gains of yesterday will get wiped out.
Our outlook is of continued optimism with a bit of volatility and consolidation at lower levels.
Wednesday, March 13, 2013
On the flip side, if it trades above 5862, the resistance is at 5872, 5891 and 5922. Bulls will come to the rescue only if it trades above the 5922 mark.
Our outlook for today is of further weakness.
Monday, March 11, 2013
On the flip side the immediate support is at 5931, 5907 and 5885.
Our outlook is of continued optimism amidst consolidation.
Sunday, March 10, 2013
Our outlook for the day is of continued optimism with a little more space for the market to go up. However, if the benchmark continues to trade above the 5940 mark then we are clearly headed to new highs.
Thursday, March 7, 2013
On the flip side the supports are at 5860, 5850 and 5831.
Our outlook is of continued optimism.
Wednesday, March 6, 2013
On the flip side the immediate support is at 5789, 5765 and 5726. If it goes below 5726 then fresh shorts will be built into the system.
Our outlook for the day is of a little more upside, but in case Nifty trades above 5854 conclusively with good volumes, short term traders are advised to go for fresh longs.
Tuesday, March 5, 2013
On the flip side, the immediate resistance is at 5796, 5834 and 5854.
Our outlook for the day is of a little more upside.
Monday, March 4, 2013
On the flip side, in case the index trades above the tipping point consistently, the immediate resistance is at 5707, 5737 and 5780.
Our outlook for the day is of continued weakness and all the sectors other then Financial may be avoided by the mid term investors. Upsides will be caught with supply pressures and short term traders may as well play on the short side.
Sunday, March 3, 2013
The tipping point for Monday trades is at 5714 with immediate resistances at 5740 and 5782. On the flip side the supports are at 5713 and 5696.
Our outlook for the day is of continued weakness as market is not yet showing any signs of recovery except that upsides will be met by fresh supply and shorts.