Love has no pride...

LINDA RONSTADT 

sings 

LOVE HAS NO PRIDE

THE LYRICS

I've had bad dreams too many times

To think that they don't mean much anymore

And fine times have gone and left my sad home

And the friends who once cared just walk out my door

But love has no pride when I call out your name

And love has no pride when there's no one to blame

But I'd give anything to see you again

I've been alone too many nights

To think that you could come back again

I've heard you talk

She's crazy to stay

But this love hurt's me so 

I don't care what you say

But love has no pride when I call out your name

And love has no pride when there's no one to blame

But I'd give anything to see you again

If I could buy your love

Then I'd surely try my friend

And if I could pray

My prayers would never end

But if you want me to beg

I'll fall down on my knees

And ask you to come back

I'd be pleading for you to come back

I'd beg for you to come back to me

Love has no pride when I call out your name

And love has no pride when there's no one but myself to blame

But I'd give anything to see you again

Yes I'd give anything to see you again

Luminary..

Luminary

My luminary
my morning and evening star. 
My light at noon
when there is no sun
and the sky lowers. 
My balance of joy in a world
that has gone off joy's standard. 
Yours the face that young I recognized
as though I had known you of old. 
Come, 
my eyes said, 
out into the morning of a world whose dew
waits for your footprint.
Before a green altar
with the thrush for priest
I took those gossamer
vows that neither the Church
could stale 
nor the Machine tarnish, 
that with the years have grown hard as flint,
lighter than platinum
on our ringless fingers.


                              ........... by RS Thomas

On the Indian Stock market...

The readers of this blog might have noticed that despite the ongoing weakness, the crucial rock support of 5558 held against all  odds and then  the market leaped up finally breaking out; the breakout was predicted our post yesterday.

Whether the up-move sustains today is yet to be seen and depends mostly on which side of the 5670 mark the benchmark index trades today. For the market to resume an immediate bull trend for the next few sessions, it must hold conclusively above the support of 5619; the immediate support for the day being at 5668 and 5642.

However the immediate resistance is at 5691 and if the Nifty conquers this level then it will face resistances at 5711 and 5748.

The intra day traders are advised to go long on Nifty with stop loss at 5614.

The medium term traders are advised to bid the following index stocks in small quantities at the prices mentioned against them.

ITC 318.55

ONGC 315.9

SBI 1881.85 

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On the Indian Stock Market..

The crucial support did manage to hold yesterday too but the technical parameters suggest that we are not out of the woods as yet and are still hovering around the crucial mark with the Damocles sword hanging around 5558. This coupled with an inside day yesterday ( i.e. yesterday's highs were lower than the day before yesterday's high and y'day's lows were higher then the day before y'day's lows), a breakout seems imminent in today's session. In other words the market will either fall or rise abruptly. But the direction can not be predicted.

That being said, the benchmark will find support at 5566, 5545 and 5511 and resistance at 5602, 5613 and 5622.   Beyond 5622 we can see a bout of short covering taking it up to 5666 and beyond.

Traders are advised to just watch and stay away from trading as the market is standing on a critical juncture.

Mid term traders may continue to bid the stocks specified in an earlier post. 

Click on this to see our recommended stocks and bid prices.

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and leave a few words of encouragement for our team.

On the Indian Stock Market..

5558 continues to be the deciding point for the medium term trend; it did hold in yesterday's session.

The market looks like it is in an oversold territory and may show an up move in the face of the impending settlement tomorrow, yet the charts continue to show bearish signs for the immediate sessions. 

5615, 5625 and 5640 must act as the immediate resistances whereas 5606 must be the immediate support for the day, which if breached, may see it go down to the 5564 mark. 

However trades above 5640 will see a bout of short covering and will raise the index further to 5666, 5697 and 5711.

A breach of 5558 will see it slide to 5519 and 5468.

Short-term traders may keep these points in mind while taking positions in F&O for the next month

Medium term investors may continue to bid at the following prices in small quantities.

HDFC Bank- 622.15

ITC-309.7

SBI- 1871.3

If you like our work then please subscribe; subscription is free and leave a few words of encouragement for our team.

On the Indian Stock Market..

The market continues to be in its down trend and what remains to be seen is whether the rock support of 5558 is broken conclusively with good volumes on closing basis or not. That must be the main feature today for a breach of 5558 will see Nifty slide lower and enter into a new phase of bearishness as against the current phase of consolidation with positive bias.

The immediate support for the benchmark index is at 5590 mark itself below which it may go to 5586 and 5578. 

However, if it happens to stick its head above the 5698 mark then it will find resistances at 5631, 5640 and 5672.

Intra-day traders may continue to take new positions for July series in future and hedge them with an option ie a long on Nifty future as it weakens with a put option as it goes up north.

Mid- term investors may continue to bid the key index stocks at following prices in small quantities.

HDFC Bank 617.55

ITC 309.7

SBI 1898.05

If you like our work then please subscribe and leave a few words of encouragement for our team.

On The Indian Stock Market...

We would like to bring it to the notice of the followers of this blog that we were almost exact in predicting the probable support and resistance of the benchmark index on Friday the 21st June 2013. We had predicted the support of 5616; the actual support being 5616.85 and the actual resistance was at 5686.15 against our predicted resistance of 5688. 

(CLICK ON THIS LINK TO CHECK)

The future and options of June series will expire on 27 June 2013, it being the settlement date. The settlement date being just four sessions ahead, the market may tend to behave somewhat erratically. That being said, the Nifty continues to be bearish possibly headed towards the 5558 mark with immediate intra-day supports at 5659, 5643 and 5627. However, if on account of the triple witching week, the benchmark trades above 5659 mark conclusively then it will meet resistances at 5698, 5726 and 5769. However, if Nifty manages to conquer the 5769 mark then a bout of short covering may see it turn bullish.

Traders are advised to strictly keep the above key in mind and trade accordingly with strict stop losses and square off their position before the session ends. They may however create hedges ie bullish and bearish positions for the July series depending on whether the trades are in short or long side respectively.

Mid term investors may continue to bid the stocks we had specified at the prices indicated in the earlier post.

 (CLICK ON THIS LINK TO CHECK)

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My Muse...

Sarah Jarosz sings

 My Muse

The lyrics

I spin around in your love

In a place of wonder

I want to wander

With you, my muse

In a dream of carousels

On waves in caravels

Collecting seashells

For you, my muse

I peruse and conjure

Sit and ponder

Then go under

The blanket of your words

The way I feel

The things I sing

The songs I write

The joy you bring

To me my muse

Stillness surrounds me

But you have found me

And I have found you

My muse

In a night of silence

I’m settled by your sounds

In a dream of quiet

Contentedness surrounds

I peruse and conjure

Sit and ponder

Then go under

The blanket of your words

The way I feel

The things I sing

The songs I write

The joy you bring

To me my muse

Delightfully exhausted

Willingly this way

Always yours, always yours I’ll stay

With you, my muse

and they fought all night..

Innocence...

Innocence 

They laughed at one I loved-

The triangular hill that hung

Under the Big Forth. They said 

That I was bounded by the whitethorn hedges

Of the little farm and did not know the world.

But I knew that love's doorway to life

Is the same doorway everywhere.

Ashamed of what I loved

I flung her from me and called her a ditch

Although she was smiling at me with violets.

But now I am back in her briary arms

The dew of an Indian Summer lies

On bleached potato-stalks 

What age am I?

I do not know what age I am,

I am no mortal age;

I know nothing of women,Nothing of cities,

I cannot dieUnless I walk outside these whitethorn hedges.

                 ................. by Patrick Kavanagh

verses from

Patrick Kavanagh A Poet's Country: Selected Prose 

 edited by Antoinette Quinn

On the Indian Stock market..

The crucial support of 5664 got broken and as predicted in our previous post fresh shorts were built yesterday.

The market will continue to be weak headed towards the very bottom rock support of current trend which is poised at 5558 although a few bouts of short covering may see it bounce back. The immediate support is at at 5616. The Nifty will meet resistance, in case of a pull back, if at all, at around 5688.

Traders are advised to build long and short positions for the July series and stop trading in the current one.

Mid-term investors may bid HDFC Bank in small quantities at 625.80 and ITC at 309.70

If you like our work then please subscribe and leave a few words of encouragement for our team.

Hubby talks.....

If you like our work here, then please subscribe and leave a few words of encouragement for our team. 

And they fought all night...

Alert...For mid-term investors..

In view of the sudden drop in the market, the mid-term investors are advised to utilize this weakness and place bids in small quantities at the following prices:

HDFC Bank at 638.85 and ITC at 318.55

On the Indian Stock Market...

The 5827 mark stated in our yesterday's post was quite significant in yesterday's session and even though the benchmark index did finally move towards it (5828.4) after going down to 5777 ( our support was at 5770), the Nifty ended just a wee bit short of the mark at 5822.25. Yet the direction remained inconclusive. The direction of Nifty depends mostly on which side of 5809 mark the Nifty trades today.

It may be noted that in the absence of clear signals, the market may find resistance around the 5841 and 5864 mark, the latter if conquered conclusively may see short covering take it a bit higher to 5891/ 5908. On the other hand,  in case of a down tick below 5809, which seems more likely, the Nifty may find supports at 5797, 5790 and 5764. Below 5764, fresh shorts will be built.

Intra-day traders may trade accordingly with stop loss for longs at around 5764 and shorts at around 5864. Option traders may start building their position for July 2013 series and stop trading in the current series.

Mid-term investors may continue bidding for HDFC Bank at 650.40 and ITC at 327.05

If you like our work then please subscribe and leave a few words of encouragement for our team.

and again...

On the Indian Stock Market..

The followers of our blog might have noticed how close we were in predicting our resistance of 5862 and support of 5802 (the benchmark met actual resistance at 5863.4 and actual support at 5804.3) and very much followed our predicted course.

(click here for our last post)

The outlook for today is not very clear as no clear signals are emanating. However, very much depends on which side of 5827 point the market trades with larger volumes. 5805 is the immediate support below which the Nifty may go to 5770 and even test the crucial support of 5764.

On the other side, the immediate resistance is at 5841 and then at 5862 above which a bout of short covering may set in to see it go a wee bit north to 5886 or 5909.

Intra-day traders are advised to keep the above in mind and follow the immediate trend with stop loss for longs at 5805  and for shorts at 5862.

Mid-term investors may bid HDFC Bank in small quantities at 650.20.

If you like our work then please subscribe and leave a few words of encouragement for our team.

And they fought all night..

If you like our work then please subscribe and leave a few words of encouragement for our team.

On the Indian Stock Market...

After trading around our key point of 5789 for almost 2 hours yesterday, the nifty finally broke off the immediate bearish trend and went up to 5854.9.

It may however not be construed that Nifty has turned bullish. It is just that the spate of down-slide has been slowed down further and the benchmark will not erode at the speed it did in the last week's sessions.

That being said, the supports for the market for today are at 5834, 5822 and 5802. The nifty is however expected to go up further north with immediate resistance at 5862 and 5880. If these are conquered then it may go up to 5909 and 5962.

The intra-day traders are advised to go long with stop loss at 5802.

The med-term investors may continue to accumulate ITC at 327.05 and HDFC Bank at 659.40 in small quantities. They may also consider pruning their portfolios of the non- performing stocks ie those stocks that are languishing around or below their December 2011 levels. 

For specific queries regarding the offer prices at which you must sell the non- performing stocks in your portfolios, kindly write in the comment section below.

And they fought all night long...

On the Indian Stock Market..

Although the Nifty did break the 5798 resistance in the Friday session, which was crucial for the day, yet the technical charts are not emitting signals of a change in the immediate bearish trend. Today's trades will be crucial in deciding the current trend all depending on which side of 5789 mark the Nifty trades.

If the benchmark index trades above the 5789 level consistently with good volumes then a bout of short covering as well fresh longs will see the Nifty go up north with resistances at 5862, 5919 and 5962 and turn bullish once again with 6020 as the immediate target.

On the other hand if it trades below 5789 then it may find minor supports at 5758 and 5735 which if breached will establish its down slide towards the very crucial support of 5558.

Intra-day traders are advised to trade on the basis of which side of 5789 mark the Nifty trades and go long or short accordingly.

The mid term investors may continue to bid for key index stocks at the prices specified in earlier posts. 

Click on this link to check the specified bid prices.

ISIS- 20 minutes 10 years..

ISIS

Described as post rock music, ISIS was formed by Aaron Turner (guitar/vocals, Jeff Caxide (bass guitar), Chris Mereschuk (electronics/vocals) and Aaron Harris (drums) formed Isis in late 1997. However the band disbanded in 2010 yet it produced some of the very best in this category. Presenting 20 minutes 10 years from ISIS, click on the link below and enjoy the video with on screen lyrics and snaps shot around lesser Himalayas.

Sunday special..

What a fight it was..

Gone Girl by Gillian Flynn.. Book review.

Gillian Flynn has been at her best in Gone Girl. An absolutely gripping suspense thriller, the book starts on the day of fifth marriage anniversary when Nick's wife Amy disappears and then follows a great plot with twists and turns while at the same probing into the dark depths of well defined characters. She has an amazing style and structure. The pace of story telling is well organised  in a disciplined way of revealing bit by bit. To tell the plot is like killing the pleasure of reading but we guarantee that this is one of the most hard-to-put-downs ever as the reader gets immersed at the very start into a mystery. The book is well written and is a must read. 

We give it a 9.5 in a scale of 10.

Gillian Flynn... the author of Gone Girl.

Like Miles Davis, I've been swayed by the cool.....

We present here one of the very best renditions by The Gaslight Anthem ever. 

Folks enjoy the number from the album, The sound of '59...Like Miles Davis,  I've been swayed by the cool..... 

Formed in 2006, The Gaslight Anthem is an all American Rock band Consisting of Brian Fallon (lead vocals & guitar),  Alex Rosamilia (guitar & backing vocals), Alex Levine (bass guitar & backing vocals) and Benny Horowitz (drums & percussion), the band has released four albums in all. Their debut album Sink or Swim was released in May 2007, followed by The '59 Sound in August 2008, American Slang in June 2010 and finally the very recent Handwritten in July 2012. All the albums were well received. 

The lyrics

Like Miles Davis, I've been swayed by the cool.

There's just something about the summertime.

There's just something about the moon.

So I'll lay a kiss on a stone, toss it upside your window, by the roof.

Before you change your mind, Miles, bring in the cool.

Now honey, put on your red dress.

And you diamond soul shoes.

Climb on down from that window.

Climb on out of your room.

Cause I've never had a good thing and I've always had the blues.

I heard that you always kind of wondered, Miles, strike up the Cool.

Don't wait too long to come home.

My how the years and our youth passed on.

Don't wait too long to come home.

I will leave the front light on.

The night is our own, don't wait too long.

Like poor mister pitiful, I can't turn you loose.

You move like a dream I had, woke up sweating in my room.

Your Mama's got plans, your daddy's aim is true.

She never understood that it ain't no good.

Papa never heard the cool.

So now I got out my map and found me a stone.

With a flick of the wrist and the turn of the key.

You'll just fall in my arms.

Don't wait too long to come home.

My how the years and our youth passed on.

Don't wait too long to come home.

I'll leave the front light on.

The night is our own.

You don't wait too long.

So why don't you sing to me on this long drive home?

Let the sound of your voice sway sweet and slow.

As we go down, down, down.

From our youth to the ground.

Down down down. 

From our youth to the ground

We might always be blue.

Jackson! 

So don't wait too long to come home.

My have the years of our youth passed on.

Don't wait too long to come home.

I will leave the front light on.

[2x]

As we go down, down, down.

From our youth to the ground.

Down, down, down, 

From our youth to the ground. 

Down, down, down

From our youth to the ground. 

Down, down, down, down, down.

Under the waterfall.....

Under the Waterfall

"Whenever I plunge my arm, like this,

In a basin of water, I never miss

The sweet sharp sense of a fugitive day

Fetched back from the thickening shroud of grey.

    Hence the only prime

    And real love-rhyme

    That I know by heart

    And that leaves no smart,

Is the purl of a little valley fall

About three spans wide and two spans tall

Over a table of solid rock

And into a scoop of the self-same block;

The purl of a runlet that never ceases

In stir of kingdoms, in wars, in peaces;

With a hollow, boiling voice it speaks

And has spoken since hills were turfless peaks."

"And why gives this the only prime

Idea to you of a real love-rhyme?

And why does plunging your arm in a bowl

Full of spring water, bring throbs to your soul?"

"Well, under the fall, in a crease of the stone,

Though where precisely none ever has known,

Jammed darkly, nothing to show how prized,

And by now with its smoothness opalised,

    Is a drinking-glass:

    For, down that pass,

    My love and I

    Walked under a sky

Of blue with a leaf-wove awning of green,

In the burn of August, to paint the scene,

And we placed our basket of fruit and wine

By the runlet's rim, where we sat to dine;

And when we had drunk from the glass together,

Arched by the oak-copse from the weather,

I held the vessel to rinse in the fall,

Where it slipped, and sank, and was past recall,

Though we stooped and plumbed the little abyss

With long bared arms. There the glass still is.

And, as said, if I thrust my arm below

Cold water in basin or bowl, a throe

From the past awakens a sense of that time,

And the glass we used, and the cascade's rhyme.

The basin seems the pool, and its edge

The hard smooth face of the brook-side ledge,

And the leafy pattern of china-ware

The hanging plants that were bathing there.

"By night, by day, when it shines or lours,

There lies intact that chalice of ours,

And its presence adds to the rhyme of love

Persistently sung by the fall above.

No lip has touched it since his and mine

In turn therefrom sipped lovers' wine."

                                          

                                                 ..Thomas Hardy

On the currency exchange..

The USD continues to be a strong buy as long as it holds above the 57.76 mark. 

The traders may continue to short INR around this level with 57.70 as a stop loss. The USD will face resistance at 58.18 and 58.44 levels. 

All trades may be closed by the evening.

On the Indian Stock Market..

Our outlook continues to be bearish and any signal of an intermediate bottom is yet to come. The benchmark index is headed towards the crucial support of 5558, immediate supports being 5678, 5657 and 5631. If the nifty trades above the 5704 mark then it will meet resistance at 5708, 5733 and 5751 at which points fresh supply and shorting will emerge. 

Intra day traders are advised to play on the short side; the market is not out of woods as yet as long as it trades below 5798 which may be treated as stop loss for short trades, being a stiff resistance.

Mid term investors may continue to bid ITC in small quantities at 318.55 and HDFC Bank at 650.25.

On the USD-INR currency exchange trades.

The USD- INR market behaved quite in expected lines (click here) and it did gain a bit before closing at 57.83

The INR continues to be bearish although the USD is expected to cool off a bit more and consolidate. 

The immediate and short term traders are advised to buy USD at around 57.57 and 57.31 levels, which are support levels, to be sold later or on successive sessions at around 58.24 and 58.39 and 58.65 which are resistance levels for today.

On the Indian Stock Market..

The stock market is very much into a intermediary bear market and if the support of 5764 gets taken out today conclusively, which seems more likely, then we are heading towards the 5558 mark. It may be noticed that although the benchmark did hit 5738.6 in the last session, thereafter it went up to 5792.9 and towards the end the last trades were around 5765 levels. 

The markets will continue to be in sell mode in every spike up north. The immediate supports for the benchmark index are at 5755, 5734 and 5709. The resistances will be at 5776 and 5818. 

The intra day traders are advised to short June futures on every rise around the resistances specified.

The mid term investors are advised to continue accumulating key stocks in small quantities at the bid prices in our earlier posts. 

                 Click on me to check bid prices.

On the USD-INR exchange market..

The USD is still very strong and INR may continue to be weak although in the immediate term INR might gain a bit as in the short term a bit of cooling in USD is expected. The immediate resistance to INR will be at around 58.085, 57.916 and 57.493. However, in the next few sessions the INR is expected to continue to be weak and might as well be shorted at lower levels today. The support for the INR will at 58.82 and 59.41.

On the Indian Stock Market..

The benchmark index Nifty will continue to be weak and what needs to be seen is whether the support at 5764 holds today or gets breached.   The immediate supports are at 5756 and 5724.  It may be noticed that 5764 is an important support point and if it does not hold on closing basis, then the market might as well be headed towards 5558. Otherwise we are near the intermediate bottom although there are no signals of supply pressure easing. 

That being said, there might be a bit of pull back today on account of short-covering but fresh longs will only come in the system if Nifty manages to trade above 5899, which at the moment seems unlikely, as it will face stiff resistance at 5834 and 5853, at which points the intra day traders may consider shorting Futures and covering them around 5764 levels with 5899 as stop loss.

Mid term investors may continue to accumulate by placing bids for HDFC Bank at 650.25 and ITC at 327.35, both  in small quantities. The latter seems to be in a bull market of it's own.

To the last breath by Francis Slakey... a book review.

Having lost his mother to cancer as a kid, Slakey's life circumstances made him shut himself from people and relationships meant to him to be nothing more then something to fill evenings and boredom with. He became professor of Physics in Georgetown, US and lived giving mechanical lectures with his face turned away from students. However, he decides to scale highest peaks on each continent and surf all the oceans. Thus begins his journey full of adventures and anecdotes.

Francis Slakey's book, 'To the last breath' is an account of his self discovery over a period of twelve years as he scales peaks and surfs the oceans. A must read we give the book an 8 out of 10.

On the Indian Stock Market...

The readers of this blog might have noticed how accurate we were in predicting yesterday's session in our yesterday's post; the market did behave in expected line and after an initial strength, it retraced from the resistance of 5931.65 ( we had predicted 5932). The market will continue to be weak and every spike up may be utilized by intra day traders to short the futures. The immediate support for the Nifty is at 5877 and 5869 and the immediate resistance is at 5890. 
The range continues to be between  6988 and 5764.
The mid term investors may continue to accumulate stocks in small quantities as indicated in our earlier posts... click on this link to check our earlier stock recommendations.

The Indian rupee - US $ exchange rate imbroglio..

The Indian Rupee hits a low of 58.1722 per U.S. Dollar yesterday, surpassing the previous record low of 57.3275 set in June 2012.

The traders may continue shorting rupee which may fall up to 58.91 with immediate support at 58.135 and thereafter at 58.54. The Indian Rupee may strengthen a wee bit today in case steps are taken by RBI to arrest the fall, in which case the currency will meet resistance at 57.03.

Thanks to the Government of India's mismanagement of current account, trade and budget deficits as well as of countering inflation. The Rupee must tumble further. 

Nonetheless, it is not bad news for all even though the noise being made by the press gives the signal of doom and calamity as it is busy hollering red. In fact the exporters have a chance to rejoice for now they will be getting more rupees for every dollar earned abroad. Moreover, it also benefits those working abroad and sending money to their families and a golden opportunity to them if they are investing in local assets.

For individuals and exporting business house, the news may be good but for the government it may be an advance signal to open its eyes and do something to contain the exchange rate. 

The slide in the value of the Indian Rupee is on account of the ever increasing current account deficit, trade deficit and budget deficit. An in crease in the cost of dollar implies further increase which will weigh heavily on account of the upcoming oil bill which is paid in dollars. The problem is where will the govt get the ever increasing quantity of dollars from in order to pay the oil bill.

However on the flip side, it is a welcome news in that there should be a check on the ever increasing vehicles on the road as the cost of fuel goes up in an over populated nation.

An Indian Rupee- US $ graph over a longer period is presented below to get a clear picture.

On the Indian Stock Market..

The markets have turned weak in the last week but the undertone continues to be bullish albeit with a bit of consolidation within range of 5764 and 6092. The intra day traders may note that the immediate trend signals have turned bearish which may be utilized to build long positions in the F&O segment with 5740 as stop loss. The Nifty may open strong but its immediate weak trend will only be reversed if it conquers the 6032 level, the immediate resistances are at 5932 and 5970.

As the undertone continues to be bullish, the medium term investors may continue to add the key stocks we had advised earlier accumulating them in small quantities.

HDFC BANK @ 650.45

ITC @ 327.45 

COAL INDIA @ 316.85

ONGC @ 310.85