On the Indian Stock Markets. Oct 31

Today being the day of settlement of October series, the index may turn erratic.
That being said, if the Nifty trades above the 6247 mark then it will go up a bit more with possible resistances at 6273, 6294 & 6320. Otherwise it will find supports at 6226, 6200 & 6179.
Intraday traders may trade accordingly with stop loss for long trades at 6145.
Short term traders may buy nifty 5800 puts if nifty trades at above 6324 & buy nifty 6200 calls if nifty drops down below 6155.
Mid term investors may sell the non performing stocks in their portfolio if Nifty remains strong. The may also place their bids and offers at prices mentiioned in our previous post.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Market Oct 30

The critical mark to look out for direction is at 6176 and if the index trades above this mark in the initial hour of trade then Nifty may show a bit of upside with resistances at 6275 & 6320. Otherwise it will consolidate with supports at 6193, 6171 & 6123.
Intraday traders may trade accordingly with stop loss for longs at 6130.
Short term traders may buy Nifty 5800 puts of November series if the index trades above 6300.
Mid term investors may bid Itc @ 313.05 & tata motors @ 366.05. They may offer 10% of their holdings in Hdfc bank @ 721.85 & 743.35.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Markets Oct 29.

The market will weaken further with supports at 6073, 6046 & 5999 if it fails to trade conclusively above the 6124 mark in the initial hour of trade. Otherwise ie if it trades above 6124 mark in opening hour trades then it may go up north with resistances at 6148, 6196 & 6223.
Intraday traders may trade on the short side with stop loss at 6143.
Short term traders may buy Nifty 6200 calls of November series if Nifty falls below 6025 with stop loss around nifty levels of 5982.
Mid term investors may take advantage of weakness on account of settlement blues and bid HCL tech @ 987, Tata Motors @ 365.05 & 354.15 and Itc @ 320.85 & 311.05 in small quantities.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Markets Oct 28

The settlement of October F&O series is on Oct 31. With that in mind, it may be presumed that the market may turn erratic. Traders may therefore start building positions in November series.
The critical point for the day is at 6148 and if the index trades below this in the initial hour then the market may weaken with supports at 6122, 6099 & 6073.
Otherwise it may go up with resistances at 6170, 6197 & 6219.
Intra day traders may trade accordingly with stop loss for shorts at 6203 & stop loss for longs at 6144.
Mid term traders may go long at lower levels by buying nifty 6200 Calls and buy 5800 puts at higher levels.
Mid term investors may place bids and offers as indicated in our previous post.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

Lodz by Sujata Bhatt

Łódź

I hesitate to say
what I think:
'This cemetery is beautiful' –
this cemetery that was
once in the heart of the ghetto –

But it was there before
the ghetto – and it is still
being used today.
The earth
is trying to heal itself –
I am reluctant to leave –
The silence between the dead –
The silence between the wild flowers
and the sky – the silence that pulls me
deeper into my own being
is what keeps me
standing here looking for another
path I could walk down –
It is May and the green
shadows falling across the stones
make me think
that if I lived in this town
I would visit
this place every day –
It is May but I tell myself
that if I lived in this town
I would walk here even
during the darkest days of November
and December –

..... Sujata Bhatt

"Company" - Opening number with the New York Philharmonic

Listen here http://youtu.be/w4S6SQGSzOQ
Company is a musical comedy which first opened on Broadway in 1971,based on a book by George Furth with music and lyrics by Stephen  Sondheim, and reenacted many times since. This is from a recent one in 2011, by the New York Philharmonic.
 

Autumn Twilight...

Autumn Twilight, Dwelling Among Mountains By Wang Wei

In empty mountains after the new rains,
it's late. Sky-ch'i has brought autumn –

bright moon incandescent in the pines,
crystalline stream slipping across rocks.

Bamboo rustles: homeward washerwomen.
Lotuses waver: a boat gone downstream.

Spring blossoms wither away by design,
but a distant recluse can stay on and on.

 

This beautiful poem infused with autumn fragrances takes on a much deeper meaning with the reference to ch'i : "the universal breath, vital energy, or life-giving principle. What we call "weather" or "climate" was spoken of as the ch'i of sky or heaven."

 

Wang Wei was an 8th century Chinese painter, calligrapher and musician as well as being one of the greatest High Tang dynasty  poets. His works often shows  a Buddhist influence, brevity and an awareness of the sensory mysteries of nature, combined with a hermit's detachment.

 

His poems have been widely translated into English by many poets and writers. He wrote almost exclusively in quatrains, many of which depict quiet scenes of water and mist, with the Wang River collection as his most famous work. He is a poet to be enjoyed at a slow pace , in layers of revelation at each word.

On the Indian Stock Markets Oct 25

The index will continue to remain weak today with supports at 6120, 6077 & 6011 unless it trades conclusively above the 6187 mark in the initial hour of trades. However, if it trades above 6187 mark then it will be bullish with resistances at 6230, 6296 & 6340.
Intra day traders are advised to get out of the October series and start trading in November series. They may go short if Nifty trades below 5187 with stop loss at 6210.
Short term traders too are advised to get out of October series. They may accumulate long positions in November series at lower levels with stop loss at 6110.
Mid term investors may bid Tata Motors at prices indicated in our previous post. They may also bid HCL Tech at 971.85. They may offer 10% of their holdings in HDFC Bank at 697.95.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Market Oct 24

If the Nifty stands above the 6170 mark in the initial hour of trades today, then it may demonstrate a bit of strength with resistances at 6225, 6272 & 6326. Otherwise it will weaken somewhat with supports at 6123, 6069 & 6022.
Intra day traders may go long if it holds above the 6170 mark in the opening hour with stop loss at 6140. Otherwise they may short the index with stop loss at 6185.
Short term traders may go long at lower levels if it weakens down to 6015- 6025 levels with stop loss at 5995.
Mid term investors may buy Tata Motors at successive bids of 367.85, 352.90 & 318.35.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock Markets Oct 23

If the Nifty trades consistently above the 6205 mark then it will turn bullish with resistances at 6221, 6240 & 6262. Otherwise it will find supports at 6183, 6163 & 6144.
Intra day traders may trade accordingly depending on which side of 6205 mark the index trades after the initial hour.
Short term traders may continue to trade long with stop loss at 6104.
Mid term investors may bid Tata Motors as indicated in our previous post.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 22.

If the Nifty opens and trades above the 6195 mark in the opening hour, then one may expect a bit of upside with resistances at 6230, 6254 & 6284. Otherwise it will find support at 6172, 6140 & 6117.
Intra day traders may go long if the index trades above 6195 in the opening hour with strict stop loss at 6175. Otherwise they may go short with stop loss at 6200.
Short term traders may continue riding trades on long side with stop loss at 6095. If nifty weakens they may add fresh longs.
Mid term investors may consider buying Tata Motors in small quantities with successive bids at 375.25, 370.55, 366.85 & 354.05.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian stock market Oct 21

If the Nifty opens and trades above the 6153 mark in the initial hour of trade then it is expected to move further up north with resistance at 6236, 6285 & 6367. Otherwise it will consolidate at lower levels with supports at 6106, 6023 & 5975.
Intra day traders are advised to go long if it trades above 6153 in the initial hour of trade with stop loss at 6120. Otherwise they may short the market with strict stop loss at 6200.
Short term traders may go long at lower levels with stop loss at 6090. They may continue to ride their longs if they are carrying long positions with stop loss at 6120.
Mid term investors may get rid of the underperforming stocks in their portfolio.
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

Weekend Music- Build me up from bones-Sarah Jarosz

Sarah Jarosz emerged on the scene in about 2009 with her first CD , Song up in her head as someone to watch. She plays the mandolin with a sure touch and real joy.She started writing songs on the guitar, took up banjo, won a bunch of awards. Her second album , Follow me down, was released in 2011. Her third and latest album, Build me up from Bones , was released on Sep 24th, 2013 .While her instrumental talents are formidable, she is a mellifluous as a singer..In weekend music we present the song Build me up from Bones
http://www.youtube.com/watch?v=aoFkC0hbldA&hd=1

http://www.youtube.com/watch?v=aoFkC0hbldA&feature=youtube_gdata_player

"Build Me Up From Bones"

Build me up from bones
Wrap me up in skin
Hold me close enough to breathe me in

The moon’s a fingernail
Scratching on the back
Of the night in which we lay beside

[Chorus:]
I held every inch of you
I wrote every line for you
I made time when time was all but gone
You’re the love I’ve always known

The night’s so dark and grey
But you’ve helped me find my way
Through the wild and wonders of this world

So take me with you now
I need to show you how
I can love you better than before

[Chorus]

Play it sweet and low
We’ve got no where to go
I am yours and you’re the love I know

On the Indian Stock market Oct 11

The market will continue in its bullish mode if it opens and trades above 6011 in the opening hour with resistances at 6043, 6066 & 6097.
If it opens and trades below 6011 then it will find support at 5989, 5957 & 5935.
Intraday traders may trade long or short depending on which side of 6011 mark the index trades in opening hour and square off at the resistance and supports as the case may be. Stop loss for longs may be placed at 5995.
Short term traders may ride longs with stop loss at 5905.
Mid term investors may bid and offer HCL tech as advised in out previous post.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 18.

The market is expected to weaken further if it opens and trades below 6065 and may find support at 6015, 5985 & 5937. However if it opens and trades above 6063 in the initial hour then it will find resistance at 6094, 6141 & 6176. Fresh longs will be built if it happens to trade above 6114.
Intraday traders  are advised to play on the short side with strict stop loss at 6095. They may go long if the index trades above 6114.
Short term traders may go long if the market falls down to below 5900.
Mid term investors may consider adding HCL tech in small quantity @ 965.05.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 17.

Our outlook is that there is a congestion zone around the 6165 levels even though the market is in a bullish mode.
That being said, the critical point for today is at 6101 and the index will trade accordingly with resistance at 6145, 6201 & 6245 and supports at 6045, 6001 & 5945.
Intraday traders are advised to go long if the Nifty opens and trades above the 6101 mark in the opening hour and in case it opens and trades below the 6101 mark then they may go short with strict stop loss at 6125.
Short term traders may go long around support levels if market weakens today with stop loss at 5988.
Mid term investors may offer HCL tech and HDFC bank in small lots as indicated in our previous post.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 15.

A little more upside seems likely with resistance at 6130, 6148 & 6172. The support for the day is at 6089, 6065 & 6047.
Intra day traders are advised to play on the long side if the index opens and trades above the 6106 mark in the opening hours with strict stop loss at 6090. Otherwise they may play on the short side.
Short term traders may continue riding their longs with stop loss at 6053.
Mid term investors may offer HCL tech @ 1180.95 & 1227.55 and HDFC bank @ 696.85 in small lots.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 14.

The Nifty is expected to continue in its bullish mode with resistances at 6120, 6144 & 6182 and supports at 6059, 6022 & 5998.
Intraday traders may go long if it opens and trades above 6083 in the opening hour with stop loss at 6065. Otherwise they may trade short.
Short term traders may ride longs and even accumulate on long side with strict stop loss at 5930.
Mid term investors may offer 10% of their holdings in HCL tech @ 1227.50 & 10% of their holdings in HDFC bank @ 695.45.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 10

The benchmark index will continue to be bullish if it opens above the 5990 mark and trades above it in the opening hour. The resistance is at 6055, 6105 & 6193 and supports at 5917, 5827 & 5778.
Intraday and short term traders may continue to trade on the long side and may add further lots with strict stop loss at 5929.
Short term investors may offer 10% of their total holdings in HCL tech at 1176.95. In case of weakness in the counter one may bid HCL tech at 1067.05 in small quantity.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 9

The market trend has turned inconclusive with the outlook for the day depending on which side of 5941 mark the benchmark index trades. Intraday, it must open weak with dull sentiments.
The supports are at 5900, 5872 & 5831 and resistances at 5969, 6010 & 6038.
Intraday traders may trade according to whether Nifty opens above or below 5941 i.e. go short if it opens below 5941 & long if it opens above 5941. The stop loss for shorts should be fixed at 5960 & for longs at 5885.
Short term traders may buy calls if nifty trades conclusively above 5965 & puts if it conclusively trades below 5875.
Mid term investors may bid HCL tech at 1067.05 & HDFC bank at 588.05 in case of weakness and offer 10% of their holdings in HCL Tech at 1176.95.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 8

As expected and stated in our previous post, the Nifty did indeed exhibit a bullish undertone to close almost flat.
Our outlook for today's trades continues to be with bullish bias with resistances at 5926, 5936, 5967 & 6023.
However if the Nifty trades below the 5881 mark then it may slide down to supports of 5850, 5795 & 5674.
Intraday traders and short term traders may trade on the long side with strict stop loss at 5858.
Mid term investors may bid Hind Zinc at 124.85 & offer 10% of tbeir total holdings of HCL Teck at 1161.25.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 7

The nifty must trade above the 5914 mark to remain in the bullish mode in which case the immediate resistances are at 5943, 5979 & 6009.
Otherwise it will remain in a consolidation mode with supports at 5878, 5848 & 5812.
Intraday traders may trade according to which side of the 5914 mark nifty trades, with strict stop loss at 5925 for those playing on short side as we believe that the undertone will remain bullish.
Short-term traders may buy one lot of out of money call if Nifty falls below the 5798 mark and buy one lot of nifty put if it trades above 6051 mark.
Mid term investors may bid for Hind Zinc at 124.35 in small quantities.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

On the Indian Stock market Oct 3

If the Nifty trades above the 5755 mark then it will remain bullish with resistances at 5810, 5841 & 5896. On the flip side the supports are at 5725, 5670 & 5639.
Intraday traders are advised to trade on the long side with strict stop loss at 5733.
Short-term traders may buy out of money Nifty calls of Oct series if the index falls below 5700 around the specified supports in small lots.
Mid-term investors may bid Hind Zinc @ 124.05 in small quantities.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.

The Orphan Master's Son by Adam Johnson : Book review.

 

Based on facts The Orphan Master's Son is a compelling novel set up in North Korea. It is an engrossing hard to put down narrative of intimacy, love, sacrifice and victory amid the horrors and thrills of everyday life in a closed off nation. The plot and editing are perfect in this fast paced and intriguing masterpiece.

 Adam Johnson is a great story teller. Winner of the Pulitzer Prize 2013 for fiction, this book is a must read. In a scale of ten we give it nine and a half.

On the Indian Stock market 1Oct

As long as the Nifty trades below 5754 today, it will continue to be weak with supports at 5699, 5663 & 5607.

However, if it bounces back to trade above 5754 mark then the resistances are at 5790, 5846 & 5882.

Intraday traders may trade on the short side with stop loss at 5836.

Short- term traders may remember we had advised them to buy nifty October puts earlier during September. Well, they may consider booking profits as Nifty hits the specified supports.

Mid-term investors may bid Hind Zinc @ 125.25 in small quantities.

Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.