Weekend music

This week we present Carolina Chocolate Drops perform Leaving Eden.
Enjoy

https://www.youtube.com/watch?v=WhulGFs79y8&feature=youtube_gdata_player

On the Indian Stock Market.

Our resistance of 5301 was conquered on closing basis which implies that market may go up a little more, but it will gain only if it trades above the immediate support of 5380. The immediate resistance for today is at 5457 and then at 5506 & 5592.
On the other hand, if it trades below 5380 with good volumes then the index will slide down with supports at 5355, 5331, 5310 & 5237.
Intraday traders may trade long if the Nifty trades above 5380 and go short if it trades below 5380 and clear positions if the index sticks around the resistances or supports as the case may be.
Short term investors may go long at supports with stop loss at 5225 and go short at resistances with stop loss at 5600.
Mid term investors may offer HCL Tech at 1061.45 & 1092.45 in small quantities.

On the Indian Stock market.

The immediate support for today is at 5241 which if breached may see the benchmark index slide down to 5194 & 5163. However if the support of 5241 holds then the immediate resistance is at 5301 which if conquered may see it face further resistances at 5362 & 5380.
Our outlook for the day is that the index will continue to be weak and probably may show a few spikes up.
Trades and investors are advised to stay away till clear signals emerge although we still are very much in bear markets.

On the Indian Stock market.

We had been advocating weakness and 'crying bear' and those who followed our advise yesterday of shorting below 5486 mark might have made quite a killing. Moreover, our recommended stock HCL Tech stood tall inspite of yesterday's washout.
The immediate resistance, in case of a bounce today, will be at 5329 and then at 5482.
On the flip side the support is at 5176.55.
The traders are advised to stay away on account of impending settlement tomorrow.
Mid-term investors may bid HCL tech at 927.70 & 903.35 in case of weakness in small quantities.

On the Indian Stock Market.

The market was indeed very choppy yesterday as envisaged in our previous post. It went up and down thrice finally closing almost flat.

The immediate resistance for today is at 5486 which if conquered may see the benchmark index go up and face further resistances at 5495 and then 5518, 5563 and 5592. 5563 continues to be the crucial level and until it is conquered, the nifty will continue to be bearish in the overall. 

However, if the nifty trades below 5486 then it will slip down with supports at 5444, 5412 and 5358.

Intra-day traders may follow the trend depending on which side of 5486 mark nifty trades, ie to place stop loss at 5486 for trades opened in either side. However, no positions may be left open for tomorrow.

Mid-term traders may continue to build positions in the September series by shorting Nifty Calls at higher levels and shorting Nifty Puts at lower levels.

Only those mid-term investors who were able to buy HCL Tech stock in its recent melt down as we had advised may add more to their portfolio by placing bids at 930.05.

On the Indian Stock Market.

The Nifty seems to be in an intermediate bull run although the overall pattern is still bearish. The immediate support for today is at 5442 and as long as Nifty trades above this key level, it will continue to trade with a positive bias with immediate resistance at  5507, 5543 and 5563. The ultimate resistance of 5563 is a key level to watch as if the benchmark index conquers this level then we might see a change in trend and the Nifty will turn bullish once again.

On the flip side the supports are at 5406 and 5339.

The followers of this blog are advised to stay away from the market as this being a triple witching week, choppiness can not be ruled out.

Mid-term traders may however build contrary positions in the September series of F&O i.e. go long on drops and go short on spikes.

The mid-term investors might have seen how HCL tech which we had been recommending for quite some time gained on Friday with a mighty jump upwards.

On the Indian Stock market.

If the nifty conclusively trades above the 5408 mark then the immediate resistance for today is at 5448 which if conquered may see a bit of short covering and propel the benchmark index towards 5525 levels with intermediate resistances at 5466 and 5504.

On the flip side the supports are at 5380, 5356 and 5317.

The technicals of the market indicate a little more weakness but a lot depends today on which side of the 5408 mark the nifty trades. 

Our outlook continues to be bearish unless and until the index conquers the resistance of 5563 conclusively.

The intraday and short-term traders may continue to play on the short side with stop loss at 5570 levels.

Mid-term investors may observe HCL tech as indicated in our yesterday's post. Click here to see our yesterday's post 

On the Indian stock market.

As envisaged, the nifty moved up initially and then came down crashing and those who followed our advise of shorting the market in our yesterday's post might have profited and realized the power of technical analysis. The benchmark index gained by 103 points and moved up to 5504.1 in the initial hour of trade.

The nifty continues to be weak with support at 5289 which if taken out will see Nifty loosing further with supports at 5212 and 5122.

On the flip side, in case of a bounce back it will face resistance at 5326, 5358 which if conquered may see it rise up further to 5386 and 5414.

Our outlook continues to be weak and we advise the intra-day and short-term traders to continue sorting the market on every rise and play on the downside with stop loss at 5570.

The mid-term investors might have noticed how HCL Tech stayed above the 882.70 mark through out the session yesterday and towards the last hour it went down to 881.3 before closing at 885.9. The counter may be watched closely again as the support continues to be at 882.7 and if this is taken out conclusively then the stock may go down to 858.5 and 834.35. They may also consider investing in Hindustan Zinc and place bids in small quantities at 104.5 and 99.85.

On the Indian Stock market.

The market did show a bit of bounce back yesterday but we still are in a short term bear market and will remain in it till the benchmark index trades above the 5583 mark with good volumes.

The immediate support for today is at 5391 and then at 5375 and 5348/ 5332.

On the other side the immediate resistance is at 5412 and then at 5444, 5477, 5487 and 5530.

Our outlook for the day is that the market may continue to be weak even though the intermediate bottom made yesterday at 5306.35 might be in place for the immediate term. Initially however, the index may go up further.

The intra-day traders may trade depending on which side of 5375 mark the Nifty trades conclusively , i.e. go long above 5375 and go short below 5375.

The short-term traders may continue to short the index on rise around the key resistance points with strict stop loss at 5583.

The mid-term investors  might have noticed how accurate we were in predicting the support for HCL tech at 882.70 in our yesterday's post (click here to verify). The stock bounced from 882.65. Today the HCL tech counter, which did show a breakout from its earlier trend yesterday, may be closely watched. The support remains at 882.65 and if this support is breached then it will slide down to 858.5 and 834.35. Bids may accordingly be placed.   

On the Indian Stock market.

We are in a bear market as we had already declared in an earlier post. The immediate support for today is at 5350, 5327 and 5282. Below 5282 it may drop down to 5211 levels.

On the flip side the immediate resistance is at 5425 and if the benchmark index happens to trade above this point then it may go up and face further resistances at 5453, 5489 and 5511. 

The overall outlook for today is an all out weakness and intraday-traders and short term traders may keep on playing on the short side and create fresh shorts on every rise up around the specified resistance levels with an eye on the volumes being traded.

The mid-term investors may consider buying HCL Tech at around 925.65, 905.20 and 882.70 but the bids may be placed after an hour or two of trade. A breakout is expected in this counter today, the direction of breakout is not clear from the charts.

On the Indian Stock market.

The market was week as we had envisaged in our earlier post wherein we had stated that the market was not out of the woods. Moreover, the recent rally that might have deceived a lot of people was being lead by technically weak stocks.

The benchmark index will meet resistances at 5557, 5573 and 5595 and supports at 5444, 5430 and 5352.

The outlook for the day is not clear. Intra-day traders are advised to stay away and short-term traders may start taking contrarion positions in September Options.

Mid-term investors may bid HCL tech at 906.05 and 882.65. 

The Sound Of Things Falling by Juan Gabriel Vasquez.. Book Review.

Written by Juan Gabriel Vasquez in Spanish and translated into English by Anne McLean, The sound of things falling is a brilliant novel written in the background setting of war between Escobar's cartel and Government  in Colombia through the sixties into the present. The plot revolves around an investigation by a young lawyer into the life of a Colombian pilot, who was murdered on the streets of Bogotá. The excellent style of story telling of the author, winner of the English Pen Award and Alfaguara Prize, is guarantied to make your emotions ebb and touch you deep inside as it will take you from the hunting down of a Hippopotamus through Billiard room, murder and plane accident to the darkest moments of love and despair, of how events far outside our lives change our lives and of our helplessness. Definitely a powerful novel- a must read.

In a scale of 10 we give it a 9.

On the Indian Stock market.

The Nifty did indeed show quite a strength yesterday yet the resistance of 5718 remained unconquered.

Our outlook for today is a bit more of bullishness with immediate support at 5671, below which point the benchmark may turn to be weak once again but will consolidate with subsequent supports at 5648, 5637 and 5613. The intermediate bottom seems to be in place.

If the Nifty stands above 5671 then we may see a bit of up move with resistances at 5718, 5732 and 5766. Fresh longs will emerge only beyond 5862.

Intra-day traders may follow the trend depending on which side of 5671 the market trades, i.e. go long above it and go short below it, and it is further advised to exit the positions before the market closes today.

The short-term traders may stay away today as yesterday's up move and even today's up move, if at all will remain inconclusive as the Nifty is gaining on account of rise in technically weak stocks.

The mid-term investors may bid HCL Tech at 913.15 and ITC at 324.85.

On the Indian Stock market

 The market is not out of the woods yet and technically looks rather weak. Although the benchmark index may gain a little more but its future course will be decided only if it conquers the resistance of 5718 with good volumes on closing basis. Otherwise, we are very much into a bear market.

The immediate support for today is at 5604 which if breached then further supports will be at 5590, 5564 and 5546.

The short-term traders may trade accordingly and cover longs in case of a rise or buy Nifty puts at higher levels for hedging.

If HCL Tech stays above the 931.4 point with good volumes then it may safely be assumed that the stock is bullish and positions on the long side may accordingly be taken by the mid-term investors at around 935 levels.

They may also take advantage of the weakness in HDFC Bank and place bids at 591.05 or 583.35 if 591.05 gets breached within the opening hours of trade.

Hindustan Zinc may also be considered for going long at 101.35 and 98.55 in small quantities. One may also bid for ITC at 329.75.

On the Indian Stock market..

If the Nifty manages to trade above 5551 then it will face resistances at 5592, 5609 and 5618/ 5632.

On the flip side it has supports at 5556, 5524 and 5483.

Our outlook continues to be weak although the benchmark index will probably bottom out in a day or two if not already bottomed out.

Intraday traders may best avoid trading today.

Mid term investors may bid HCL Tech at 882.95 and HDFC Bank at 591.55.

Hüm by Jen Hadfield...

Hüm 

Twilight, gloaming;

to walk blind

against the wind;

to be abject; lick snot

and rain from the top lip

like a sick calf.

To be blinded by rain

from the north.

To be blinded

by westerly rain.

To walk uphill

into a tarry peatcut

and bluster a deal

with the Trowes.

To cross the bull's field

in the dark.

To pass in the dark

a gate of hollow bars

inside which the wind is broaling.

To pass in the dark

a byre like a rotten walnut.

To not know the gate

till you run up against it.

..........by Jen Hadfield

from his latest collection, Nigh-No-Place

KEEP AWAY FROM A RUN-AROUND SUE

DION: KEEP AWAY FROM A RUN-AROUND SUE

The lyrics

Here's my story, its sad but true

It's about a girl that I once knew

She took my love then ran around

With every single guy in town

Ah, I should have known it from the very start

This girl will leave me with a broken heart

Now listen people what I'm telling you

A-keep away from-a Runaround Sue

I miss her lips and the smile on her face

The touch of her hair and this girl's warm embrace

So if you don't wanna cry like I do

A-keep away from-a Runaround Sue

Ah, she likes to travel around

She'll love you but she'll put you down

Now people let me put you wise

Sue goes out with other guys

Here's the moral and the story from the guy who knows

I fell in love and my love still grows

Ask any fool that she ever knew, they'll say

Keep away from-a Runaround Sue

She likes to travel around

She'll love you but she'll put you down

Now people let me put you wise

Sue goes out with other guys

Here's the moral and the story from the guy who knows

I fell in love and my love still grows

Ask any fool that she ever knew, they'll say

Keep away from-a Runaround Sue

The Kills by Richard House.. book review

The Kills is a brilliant and fast moving  thriller set up in an Iraq of a post Saddam era. It is an epic across continents narrated in four books. It is the story of a contractor who has been set up to be framed in a fraudulent engineering project and aware of being framed, he escapes from Iraq . But this is not just a man-hunt-kind-of-book. There are several plots that coalesce and climax into one well written and compelling novel by Richard House. It is no wonder that the book is on the Man Booker long list for 2013.

A must read we give 9.5 out of ten.

On the Indian Stock market..

We were proved right again in our yesterday's post (click here to see it yourself)where we had predicted the support of 5487 and the market bounced from 5486.85.

The critical point for today is the resistance of 5622 which if conquered may see the benchmark head up north with further resistances at 5542, 5576 and 5598.

On the other hand the supports are at 5483 and 5448.

Our outlook continues to be negative and playing on short side is advised to the short-term players at higher levels.

Mid term investors may bid HCL tech at 882.95 and Hindustan Zinc at 98.85 in small quantities.

On the Indian Stock market...

The readers of this blog might have noticed how accurate we were yesterday in predicting a negative breakout, and what a negative breakout it indeed was as the benchmark index breached the key rock support of 5558 and went down south till 5521 before closing at 5542. (click here to see our previous post)

As 5558 was a critical support, it will be confirmed if the breach was false or true only if Nifty closes below 5558 for a day or two.

However, our outlook continues to be weak and in all probability we have entered a short term bear market. The only hope for bulls, if any, will be only if the Nifty somehow manages to close above the resistance of 5699.

As of today, the immediate resistance for the index is at 5576 which if conquered may see it go up to 5630.

On the flip side, the market will find support at 5529 and 5487 as it will weaken towards the next key support of 5444.

The short-term traders may continue to play on the short side by buying put options and shorting Nifty future and may further add to their short positions on every rise rise.

The mid-term investors may utilize the weakness to add HDFC Bank at 591.55 , HCL Tech at 922.70, ITC at 318.90 and TCS at 1845.15 in small quantities. 

On the Indian Stock market...

The market took support yesterday at 5661.5  as against our predicted support of 5660.

Today the Nifty is poised for a possible breakout, a negative breakout seems more likely although whether it will be a positive or negative breakout depends on which side of the 5690 mark the market trades with good volumes.

Above 5690 the market will face resistance at 5776 and 5815 whereas below the 5690 mark will market will sell out sliding down towards the 5558 mark with minor supports at 5629 and 5597.

Short term traders may play accordingly with eye on volumes with respect to which side of 5690 mark the Nifty trades.

Mid-term investors may bid HCL tech at 922.65 and TCS at 1798.55

On the Indian Stock market........

The market was weak as predicted in our previous post. It met resistance at 5761.85 as against our predicted resistance at 5758 and then it went down to 5649 and the short-term traders who covered their shorts at lower levels, as advised might have profited while opening long positions.

The immediate resistance today will be at 5696, which if overcome may see the benchmark index go up to 5747 and 5780 and 5809.

If it fails to conquer 5696 then it will drift to lower levels with supports at 5660, 5630 and 5583.

Our outlook continues to be weak with few flashes upwards and new bottoms.

The short term traders may close long positions in every bump up and open fresh shorts at higher levels.

The mid-term investors may bid HCL Tech at 919.10, HDFC Bank at 618.70, ITC at 318.95 and TCS at 1782.55 in small quantities.

A tale for the time being... book review.

A Tale for the Time Being

by Ruth Ozeki

There is a diary in a lunchbox which Ruth finds washed onto a beach. As she reads it the reader gets riveted to the mystery of Nao, a woman in Tokyo, who wrote the diary so that someday someone will find it and find her through it.

Compelling read, the book is in the long list of the Man Booker award of 2013 and chances of it making through cannot be ruled out. 

We give it a clean 9.5 in a scale of 10

Weekend music..

Lucius: Two of us on the run

Interstate...

Interstate

Half-eaten fries, the remains of hash browns,

fill the table's distance between them.

She scoops the car-keys, says she'll not be long.

In the washroom mirror she checks her face

close up; sees years of wearied waiting.

She steps into a sticky afternoon.

How long before he'll notice, before he'll ask –

the forecourt is nauseous with diesel and ocean –

ask if anyone's seen a woman in middle years.

She's onto the freeway, jittering across lanes.

And why, he'll wonder, now that the kids are gone,

now that they're free to hit the road each spring.

She overtakes on automatic, clearing Carolina –

recalls the one dream he has left, of building a boat;

upriver in summer; dry dock in winter. The two of them.

An unforeseen calm settles with sundown: she longs

for nightfall on unbroken stretches of highway.

It's clear ahead as far as her eyes can see

.....Anne-Marie Fyfe's

                           Interstate is from her latest collection 

                 Understudies: New and Selected Poems, 2010 

On the Indian Stock market...

We had advised the intra-day traders yesterday to short at higher levels and those who follow our blog might have made it big, especially when all the analysts were hooting bullish. (click here to confirm )

The market is still looking weak as no clear signs of a bullish up move are visible as yet. But no bearish signs are visible either. Our outlook continues to be of consolidation with possible lower bottoms.

However, the moot point for the immediate trend for the day depends on which side of 5737 point the market trades. Once above this point, it might face resistances at 5758, 5798 and 5825.

A dip below the 5737 mark then it may further go down with supports at 5712 and 5666.

The short-term traders are advised to cover their short positions in case of weakness and start picking long positions albeit in small lots.

The mid-term investors are advised to bid HCL Tech at 919.10 and TCS at 1782.55

On the Indian Stock Market...

Guys guys! Once again we were pretty accurate in predicting the support; we had predicted the support at 5674 in our last post and the Nifty bounced right from 5675.75. (our last post.. click here to confirm)

Those who have been following our advice might have made quite a killing for we had been advocating short trades for the past few sessions.

The direction of trade primarily depends on whether the immediate support of  5723 holds or not. If it is breached then we might see further erosion with further supports at 5704, 5694 and 5647.

However, if the benchmark index manages to stick it's head above the 5723 mark then we may see it go up north with a bit of resistance at 5770, 5790 and 5825.

If you like our work then kindly subscribe to the blog, so that we may know the kind of response we are getting to encourage our team.

Our outlook is that the market may consolidate at lower levels with possible lower lows. 

The intra-day traders are advised to  trade on short side as the market may remain weak. One may book profits at lower bottoms and short at higher levels in case of a pull back with stop loss at 5842.

The medium-term investors are advised to take advantage of the current weakness and bid HCL Tech at 918.45, HDFC Bank at 587.05, ITC at 318.95 and TCS at 1805.51 and 1781.20 in small quantities.