On the Indian Stock market..

The blog readers might have noticed how our advice on playing on the short side helped them profit from the market. (click here to confirm yourself)

Now that the crucial support of 5770 has been breached, if the Nifty does continue to trade conclusively below 5770 in today's session then we have a confirmed short-term bear market with all out weakness. 

If the Nifty trades above 5787 then we may see a bounce back with immediate resistances at 5791 and 5817.

However, below 5787, an all out weakness may see it drift  down with supports at 5714 and 5674.

Intraday traders may play on the short side.

Mid term investors may bid HDFC Bank at 614.60 and ITC at 343.05

On the Indian Stock market...

The followers of our blog might have noticed how accurate we were in predicting the support of 5826 in our last post; the actual support was at 5825.80 (Click here to verify)
Our outlook for the day is that the Nifty will continue to be weak during the session slipping towards the critical support of 5770 with 5809 and 5787 as intermediate supports.
The Nifty will find resistance at 5848 which if conquered conclusively might see it go up with resistances at 5869, 5882 or 5927.
Intra day traders may continue trading on the short side with strict stop loss at 5991.
Mid term investors may bid as specified in our last post..

On the Indian Stock market..

The market is expected to continue to be weak during the session and may go down to the crucial support of 5770 with 5855 and 5826 as the intermediate supports.

However, if the Nifty happens to trade above the 5902 mark then it might go up with immediate resistances at 5931 and 5945 and finally 6008.

The short-term traders are advised to ride the shorts with strict stop loss at 6010.

The mid-term investors may take advantage of the weakness and bid HCL Tech at 879.75,  HDFC Bank at 627.20, ITC at 343.05 and Sun Pharma at 1056.35.

Weekend verses... on dreams

This weekend we present two poems on dreams by Langston Hughes... enjoy..

I

 Dream Deferred

What happens to a dream deferred?

Does it dry up

Like a raisin in the sun?

Or fester like a sore--

And then run?

Does it stink like rotten meat?

Or crust and sugar over--

like a syrupy sweet?

Maybe it just sags

like a heavy load.

Or does it explode?

II

I Continue To Dream

I take my dreams and make of them a bronze vase

and a round fountain with a beautiful statue in its center.

And a song with a broken heart and I ask you:

Do you understand my dreams?

Sometimes you say you do,

And sometimes you say you don't.

Either way it doesn't matter.

I continue to dream. 

.......................by Langston Hughes

On the Indian Stock Market...

The market behaved quite as it was expected to behave, if it traded below the 6000 mark yesterday as we had indicated in our previous post. (click here to confirm)

The immediate support which also happens to be a key support is at 5896.95 which if taken out will see Nifty go all the way down to 5770 with intermediate supports at 5872 and 5837.

However, in case of a bounce back the Nifty will face immediate resistance at 5932, 5955 and 5966. 

Our outlook for the day is that the market has now turned to be weak albeit for a short term. Any hope for bulls will be only once it conquers the 5971/ 6018 mark.

The short-term traders who have been following our blog may refer to our earlier post (click here to confirm our accuracy) wherein we had recomended-  "Short term traders may create position on short side for August series." Those who followed our advice might have made quite a killing. We recommend further short positions in Nifty with stop loss at 6018.

Mid-term investors are advised to bid ITC at 343.05 in small quantities. 

On the Indian Stock Market

The settlement blues did indeed take the market down and the only take away from yesterday was that as the key support of 5980 did not get compromised, we can safely assume that the bullish undertone is still intact.

The outlook for today depends mostly on which side of the 6000 mark the Nifty trades. In case it trades above 6000 then the resistances are at 6012, 6043 and 6084.

Below 600 the support is at  5978 which if taken out will see further erosion to 5952 and 5913.

Mid term investors may bid the key stocks as we had specified in our earlier posts.

On the Indian Stock Market..

The readers of our blog might have seen how exact we were in predicting the direction and resistance of 6093 in our yesterday's post.

The outlook for today continues to be optimistic but given the impending settlement tomorrow of the July series, the market may tend to be erratic.

The immediate resistance for Nifty is at 6082 which if conquered may show higher levels with resistances at 6094, 6110 and 6126.

The immediate support is at 6070 which if breached may see nifty go down with supports at 6059 and 6038.

The mid term investors may bid key stocks as mentioned in our last post.

Short term traders may create position on short side for August series.

On the Indian Stock Market..

The futures and options series for the month of July will expire on 25 July 2013 and one ought to trade with caution with this in the back of the mind.

That being said, the market is strong and bullish with immediate resistances at 6048, 6062 and 6093 and then at 6122.

However, in face of the impending settlement the Nifty must trade compulsorily above the support of 6027, a breach of which may see Nifty cracking down to 6002 and 5970.

Short-term traders are advised to start taking long positions for the August series on every weakness in Nifty in Nifty F&O segment with strict stop loss at 5964.

Mid term investors may bid HCL Tech at 871.45 and Hindustan Unilever at 664.10 in small quantities

It's a long story cut short..

Sara Teasdale..

This week we present three poems by Sara Teasdale

I

Jewels

   If I should see your eyes again,

      I know how far their look would go —  

   Back to a morning in the park

      With sapphire shadows on the snow.

   Or back to oak trees in the spring

      When you unloosed my hair and kissed

   The head that lay against your knees

      In the leaf shadow's amethyst.

   And still another shining place

      We would remember -- how the dun

   Wild mountain held us on its crest

      One diamond morning white with sun.

   But I will turn my eyes from you

      As women turn to put away

   The jewels they have worn at night

      And cannot wear in sober day.

II

Epitaph

Serene descent, as a red leaf's descending

When there is neither wind nor noise of rain,

But only autumn air and the unending

Drawing of all things to the earth again.

So be it, let the snow fall deep and cover

All that was drunk once with light and air.

The earth will not regret her tireless lover,

Nor he awake to know she does not care.

III

She who could bind you

She who could bind you

Could bind fire to a wall;

She who could hold you

Could hold a waterfall;

She who could keep you

Could keep the wind from blowing

On a warm spring night

With a low moon glowing.

                            ......by Sara Teasdale

Hey Love..

This weekend we present

 the Indie rock band 

Miner 

as they sing 

Hey Love

On the Indian Stock Market...

As predicted the market did indeed turn bullish yesterday.

The outlook for today is that the bullish undertone will prevail. The benchmark index has the immediate support at 6021 and 6003, which if breached may see it go down to 5964 levels.

However, if the nifty manages to stick its head above the 6021 mark consistently, then it will face immediate resistance at 6046 and 6068. If these are conquered then Nifty may gain further up to 6098 and 6144.

The intra-day/ short-term traders who have been following our advice and riding longs may raise their stop loss at 5960 and add Nifty put option if and when  nifty is around 6140 levels.

The mid-term investors may bid HCL Tech at 851.85 in small quantities and if it further weakens then add more by bidding at 841.05 and again at 829.10.

Just people..

On the Indian Stock Market..

The Nifty bounced back from 5926.78 a few points above our predicted support of 5922 (previous post) and therefore much of the carnage was avoided.

The immediate support for today is at 5963 and then 5946. However, if 5946 support too gets breached then the market may plunge again towards 5892.

However, our outlook for the day is of further consolidation and rise with a bullish undertone with immediate resistance at 5990 which if conquered may make Nifty face further resistances at 6026 and 6062.

The intra-day traders are advised to place the stop loss for longs at 5875 and continue to ride longs. However, beyond 6026 one might as well bid Nifty 5600 August Put Option at around 35 as a precautionary measure if one is riding longs as per our directions.

In case of weakness the mid-term investors may bid HCL Tech at 865.95 and 854.05 and ITC at 358.55 and 352.65.

On the Indian Stock Market..

The signals of weakness observed in our previous post, proved to be correct as the Nifty nose-dived in the last session to 5910.95 which was even below our predicted support of 5920, although it recovered as it bounced back immediately within minutes.

However, the market outlook continues to be bullish and fresh longs will be initiated if it happens to trade above the 5995 mark with volumes today.

On the other hand if it slips below the 5945 mark then the immediate support is at 5922 which if taken out today may see Nifty weaken further to 5889 and 5867.

The intra-day traders may continue to bet on the long side with strict stop loss at 5875.

The mid term investors may utilize any weakness by placing bids as under.

ASIAN PAINT- 4794.80 and 4757.35

HCL TECH- 864.70

ITC- 312.15

On the Indian Stock Market...

There seems to be a little more upside left although the momentum may slacken a bit as signal of weakness are visible. The deciding point for the immediate direction of the immediate trend depends on which side of the 6016 point, the benchmark trades today. If it trades above 6016 then the immediate resistance will be at 6052, 6074 and 6110. On the other hand if it slips below the 6016 mark then the immediate supports are at 6010, 5995, 5959 and 5920.

The intra-day traders are advised to follow the trend depending on which side of the 6016 mark the Nifty trades. However, trades initiated today may be closed today itself. For those who are riding long positions, they may put their stop loss at 5892.

The mid-term investors may bid the following stocks as under

Asian Paint bid in small quantities at 4786.55 and 4757.35
HCL Tech bid at 861.55 and 848.35
ITC bid at 341.35

On the Indian Stock Market...

The market looks poised for a bit more of an upside as long as it trades above the support of 5993, in which case the immediate resistance is at 6035 and then at 6061 and 6103.

However if it slips below the support of 5993, then it may further slide to 5957, 5925 and 5885.

Our outlook is bullish and the short-term traders may continue to ride the longs keeping an eye on the specified points of support and resistances and even add to their long positions but with strict stop loss at 5885.

In case of a weakness on account of unforeseen supply the mid-term investors may bid the following stocks as indicated below

Asian Paint 4757.05

HCL Tech 820.15

HDFC Bank 672.05

ITC 333.25

Saga of the robotic wifey...

Non sum qualis eram bonae sub regno Cynarae (I am not as I was in the reign of good Cinara)

Non sum qualis eram bonae sub regno Cynarae

(I am not as I was in the reign of good Cinara)

Last night, ah, yesternight, betwixt her lips and mine

There fell thy shadow, Cynara! thy breath was shed

Upon my soul between the kisses and the wine;

And I was desolate and sick of an old passion,

    Yea, I was desolate and bowed my head:

I have been faithful to thee, Cynara! in my fashion.

All night upon mine heart I felt her warm heart beat,

Night-long within mine arms in love and sleep she lay;

Surely the kisses of her bought red mouth were sweet;

But I was desolate and sick of an old passion,

    When I awoke and found the dawn was grey:

I have been faithful to thee, Cynara! in my fashion.

I have forgot much, Cynara! gone with the wind,

Flung roses, roses riotously with the throng,

Dancing, to put thy pale, lost lilies out of mind,

But I was desolate and sick of an old passion,

    Yea, all the time, because the dance was long:

I have been faithful to thee, Cynara! in my fashion.

I cried for madder music and for stronger wine,

But when the feast is finished and the lamps expire,

Then falls thy shadow, Cynara! the night is thine;

And I am desolate and sick of an old passion,

    Yea, hungry for the lips of my desire:

I have been faithful to thee, Cynara! in my fashion.

                                       .........by Ernest Dowson

On the Indian Stock Market...

As we had stated in our last post, the technical indicators were indicating an upside and then Nifty was indeed bullish in the last session.

Our outlook continues to be bullish with immediate resistance at 5959, 5976 and 5985. Above 5985 fresh longs will be built in.

In case of unexpected supply setting in, the immediate support will be at 5923 below which it may go down to supports of 5914 and 5893. 

The intra-day traders may continue to ride the longs with stop loss at 5858.

The mid term investors may continue to place bids as indicated below.

HCL Tech 824.10

HDFC Bank 667.85

ITC 342.65

On the Indian Stock Market...

The benchmark index did go up and then it came down yesterday, very much verifying our prediction that it may not go up in a straight line. And it did come down by quite a bit implying sudden weakness.

The outlook for today is not clear as mixed signals are emanating.

The technical charts, however, suggest that there still is some upside to it.

That being said, the key point to keep an eye on is placed at 5793, a breach of which may see the market weakening a bit with immediate support at 5764. Intra-day traders are advised to put their stop loss for all longs at 5750 and open fresh shorts if the market happens to trade below 5764.

However, the immediate resistance to the market is at 5821 and 5832. Above 5832 the nifty may rally up to 5849. If 5849 is conquered with good volumes then one may initiate fresh longs.

The mid term investors may utilize any weakness to add following stocks to their portfolio at the specified rates in small quantities.

HCL Tech 826.40

HDFC Bank 655.15

ITC 338.75

For turning your existing portfolio into a profitable one, kindly write to us indicating which stocks you own, how many, at what prices they were bought and when they were bought. Our advice is free and no information on your portfolio will be disclosed to anyone.

If you like our work here then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

On the Indian Stock Market..

The readers of our blog might have noticed that we had predicted that the market 'will gain somewhat' in our last post amid all out gloom being advocated by most analysts.

The deciding point for the day is at 5852 above which the benchmark index will continue to be bullish and bearish below.

Our outlook for the day is that Nifty is poised to move up further with immediate resistance at 5871, 5883 and 5901. However, the Nifty may not go up in a straight line, in which case the immediate support is at 5844 and thereafter at 5822 and 5810.

Intra-day traders are advised to continue to ride longs and also add to long positions with stop loss at 5793.

Mid-term investors are advised to utilize any weakness to add stocks to their portfolio in small quantities. The bids are ITC at 338.75 and HDFC Bank at 655.15

For turning your existing portfolio into a profitable one, kindly write to us indicating which stocks you own, how many, at what prices they were bought and when they were bought. Our advice is free and no information on your portfolio will be disclosed to anyone.

If you like our work here then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

I've Got this friend...

The best of rock groups’ break up when one starts to see the ethereal quality of their music. This truism is even more unavoidable for duos in the field on music. The Civil Wars composed of singer-songwriters Joy Williams and John Paul White, is no exception and when they announced a hiatus in Nov 2012, many fans were shocked .Tough both had other partners, theirs had seemed a marriage made in music, and it was an aberration in the perfectness of their mutual soul chemistry

White and Williams came together unexpectedly in Nashville in 2008 while attending a songwriting session, and their chemistry was unbelievable. The band name came as Williams was driving around town looking at all the Civil War monuments and thought about all the wars that each person faces.

They recorded an EP titled Poison and Wine, the title track of which gained overnight success after being used on Grey’s Anatomy

Their first live release, Live At Eddie’s Attic   showcased not only their songwriting prowess but their camaderie on stage.

This vocal marriage between the two was always evident in their on stage superb chemistry, with John Paul White’s wit always the perfect foil for Williams serious ways.

Barton Hollow, their 2011 full-length debut became the No. 1 most downloaded album on iTunes within a week of its release.

They won the 54h Grammy award for the best folk album for ‘Barton Hollow’ and also for the best county duo/Group Performance

The 55^th Grammy saw them wining The Best Song Written for Visual Media — "Safe & Sound" (with Taylor Swift)

In November 2012 the duo went on hiatus citing "internal discord and irreconcilable differences of ambition”, cancelling their tour

In June 2013, they released the intriguingly titled single, "The One That Got Away". The single comes from their upcoming album to be released on August 6^th, 2013, "The Civil Wars".

Hope they can come back together again for us to enjoy the spellbinding display of the magic they offer as they play the acoustic guitar and transport the audience to a surreal land.

Here we present a very romantic number, "I've Got this friend" with on screen lyrics. Enjoy!!!!

And again..

On the Indian Stock Market...

The direction of movement today will depend on which side of the 5805 mark the benchmark index trades. 

The immediate support is at 5793 which if breached may see Nifty loosing ground and going down to 5776, 5748 and 5721. 5697 should act as stronger support in this case.

However, our outlook for the day is that the Nifty should stabilize around these levels and gain somewhat with immediate resistance at 5812 and then at 5823, 5853 and 5896.

The intra-day traders are advised to keep the key point 5805 in mind and trade long or short depending on which side of this point the Nifty trades. All trades may be closed by the end of the session.

The mid-term investors are advised to utilize any weakness to bid for the following stocks in small quantities.

ITC at 337.75

HDFC Bank 640.15

SBI at 1763.15

For turning your existing portfolio into a profitable one, kindly write to us indicating which stocks you own, how many, at what prices they were bought and when they were bought. Our advice is free and no information on your portfolio will be disclosed to anyone.

If you like our work here then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

On the Indian Stock Market..

The direction of movement in today's session will depend mostly on which side of the 5875 mark the market trades today. Above this mark it will remain bullish with immediate resistances at 5884, 5917 and 5976. 

The 5976 might act as a strong resistance in this case.

On the other hand, if the benchmark chooses to trade below the 5875 mark, then the immediate supports are at 5864, 5850 and 5813. 5794 should act as a support but if this level is breached then fresh shorts may be built. 

The intra-day traders are advised to trade accordingly, i.e. open longs above 5875 and shorts below 5875 keeping the above key points in mind for booking profits. However, all shorts may be exited with stop loss at 5985 and all longs may be exited with stop loss at 5764.

The mid-term investors may bid ITC at 336.10 and 329.65 in small quantities and SBI at 1839.80. For turning your existing portfolio into a profitable one, kindly write to us indicating which stocks you own and how many and when they were bought. Our advice is free.

If you like our work here then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

I Give It All...

This weekend we present the song,

I Give It All

sung by

the indie pop band

 'He is We'

from Tacoma, Washington.

The lyrics are on screen

Like Clockwork...

This week we present our pick of the best of the year 2013 

(i.e. in the last six months) 

Presenting 

Queens of the Stone Age 

performing 

Like Clockwork

The Lyrics

Everyone it seems 

Has somewhere to go 

And the faster the world spins 

The shorter the lights will glow 

And I’m swimming in the light 

Chasing down the moon 

Deeper in the water 

The more I long for you 

Most of what you see my dear is purely for show 

Because not everything that goes around comes back around you know 

Holding on too long is just fear of letting go 

Because not everything that goes around comes back around you know 

One thing that is clear it’s all down hill from here 

Love in your hand clevarly disguised 

All the promises of stone crumble in the light 

Most of what you see my dear 

Is worth letting go 

Because not everything that goes around comes back around you know 

Holding on too long is just 

Fear of wanting to show 

Because not everything that goes around comes back around you know 

Not everything that goes around comes back around you know 

One thing that is clear 

It’s all down hill from here

How Snow Falls....

How Snow Falls

Like the unshaven prickle

of a sharpened razor,

this new coldness in the air,

the pang

of something intangible.

Filling our eyes,

the sinusitis of perfume

without the perfume.

And then love's vertigo,

love's exactitude,

this snow, this transfiguration

we never quite get over.

                         ...............by Craig Raine

On the Indian Stock Market..

The Nifty did manage to trade above the 5782 mark and acted quite in expected lines of stabilizing around these levels before finally being stopped at 5848.5, a wee bit short of our estimated ultimate resistance of 5849. (Click here to verify)

5824 must act as a support today and if this support holds then one may conclusively trade on the long side as in this case it can safely be concluded that an intermediate low has already been formed. The possible resistances in which case, will be at 5849, 5862, 5886 and 5917.

However, if the benchmark index slips below the 5824 mark, then the immediate supports will be at around

5809, 5794 and 5764. 

The intra-day traders are advised to go long or short on Nifty depending on whether it trades above or below the 5824 mark with good volumes. 5764 must be the strict stop loss for longs. However, if the intra-day positions are not squared off by the end of the session then one is advised to hedge one's position by adding a put or a call depending on whether the position being carried forward is on the long or short side respectively.

The mid-term investors may bid ITC at 322.05, ONGC at 295.65, SBI at 1824.45. For turning your portfolio into a profitable one, kindly write to us indicating which stocks you own and how many you own, at what price they were bought and when they were bought. Our advice is free.

If you like our work here then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

On the Indian Stock market..

The benchmark index came down to breaching our stop loss point but somehow managed to close above 5764 in yesterday's session.

If the 5764 mark is breached today then Nifty may go down to 5697 with immediate supports at 5749 and 5727.

However, if it trades above the immediate resistance of 5782 then it will go up with next resistances at 5794 and 5836. If it goes above the 5849 mark then short covering may set in.

Our outlook however is that the Nifty may stabilize around these levels.

The intra-day traders are advised to trade depending on which side of the 5764 mark the nifty trades keeping the support and resistance points in mind. Fresh shorts are advised below 5764 mark. 

The medium-term investors may continue to bid ITC at 317.35 and ONGC at 298.05 in small quantities.

If you like our work here then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

On the Indian Stock Market....

The signals for today are not clear except that the market is in an overbought territory. 

5865 must act as a resistance and if this is not overcome then the benchmark index may weaken a bit with immediate supports at 5844, 5826 and 5811.

On the other hand, if the 5865 resistance is conquered then we may see Nifty rise up meeting immediate resistance at 5884 and 5911.

The short term traders may continue to add to long positions in case of a drop in Nifty with stop loss at 5764. In case if the market goes up then those who are long are also advised to buy Nifty puts as a hedging strategy with stop loss around the Nifty levels of 5998.

The mid-term investors may continue to bid ITC at 318.25 and ONGC at 317.85.

If you like our work then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

On the Indian Stock market...

The market may continue to be bullish in the session with supports at 5875 and 5845. If the supports are not breached then the benchmark index will continue its march towards 5936, which, if overcome, may see it move towards the 5953 and  5996. 5996 is a strong resistance.

However, even if the key supports are breached, the index is expected to consolidate with supports around 5817. The undertone is bullish.

The short term traders who have been following our advice may continue to be long and add further to their long positions in every weakness around the key support levels. However, it may also be kept in mind that the pace at which Nifty has been climbing for the last three sessions is expected to slow down somewhat.

The mid-term investors are advised to bid ITC at 319.10 and ONGC at 317.85 in small quantities.

They are also advised to start selling the non-performers in their portfolio, please write to us specifying what stocks are in the portfolio and at what prices they were bought so that we can advise the offer prices and prune your portfolio turning it into a profitable investment.

If you like our work then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.

On the Indian Stock market..

The market has turned strong once again and must remain so for another session if the benchmark index trades above 5814 in the session, in which case the Nifty will meet resistance at 5851 and 5880. 

In case of trades below the 5814 mark, the immediate supports are at 5811 and 5776. 

Our outlook continues to be bullish for the day and the intra-day traders may continue to be on the long side with stop loss at around 5744.

Medium term investors may continue to bid the key index stocks at the prices indicated in our earlier post. 

Click here to check the recommended stocks and bid prices.

If you like our work then please subscribe; subscription is free and leave a few words of encouragement for our team. If you want our advice on the stocks you own, feel free to write to us in our comment segment.