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.

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.

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.

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'

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

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.

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.