On the Indian Stock Markets. February 4.

The readers of this blog might have noticed how accurate we have been in predicting the direction of the market in the last few sessions and capitalized by following our trading strategies.

Our outlook continues to be negative as the Nifty will continue to weaken and drift lower towards our key support of 5973 and if 5973 is breached today with good volumes and on conclusive basis, then the next support is at 5737.

That being said the direction of trade in today’s session will be determined on the basis of which side of the 6023 mark the benchmark index trades in the opening hour of trade. Above 6023, the resistances are at 6058, 6102 and 6133. Below 6023, the supports are at 5973, 5943 and 5892.

Intra-day traders may trade accordingly with stop loss for shorts at 6058 and stop loss for longs at 6010.

Short-term traders may continue to ride their short positions and even may open fresh shorts at higher levels with strict stop loss at 6102.

Mid-term investors may stay away and just wait and watch.

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. February 3.

Our outlook continues to be negative for the Nifty in the immediate term with the key support pegged at 5973.

The direction of trade today will largely be decided on the basis of which side of the 6080 mark the benchmark index trades in the initial hour of trade. In case it trades above 6080, then the resistances will be at 6102, 6115 and 6133. Otherwise, it will remain weak with supports at 6071, 6054 and 6041.

Intra-day traders may trade accordingly with stop loss for longs at 6080 and that for shorts at 6115.

Short-term traders may play on the short side and in case of a dip in the index, they may cover their shorts.

Mid-term investors may stay away from the market today and just wait and watch.

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.

A very long story cut short

A Glimpse by Walt Whitman

A Glimpse

A Glimpse, through an interstice caught,

Of a crowd of workmen and drivers in a bar-room, around the stove,

late of a winter night--And I unremark'd seated in a corner;

Of a youth who loves me, and whom I love, silently approaching, and

seating himself near, that he may hold me by the hand;

A long while, amid the noises of coming and going--of drinking and

oath and smutty jest,

There we two, content, happy in being together, speaking little,

perhaps not a word.

  

                                                  by Walt Whitman

San Fermin: The Count with lyrics.

SAN FERMIN

perform

THE COUNT

The lyrics

If I don't find my own true love

I don't care, don't care at all

I don't bite on caramel lies

I am not a patient girl

And I can't fall asleep in your arms

No, I can't fall asleep in your arms

Feeling awful free

Is there something, something wrong with me?

I can't fall asleep in your arms

No, I can't fall asleep in your arms

Why are you so low? I wonder

Tell your feelings to your mother

Darling don't be dull and heavy

I am not a fool, not empty

Why are you so low I wonder

Tell your feelings to your mother

Darling don't be dull and heavy

I am not a fool, not empty

Why are you so low I wonder

Tell your feelings to your mother

Darling don't be dull and heavy

I am not a fool, not empty

I am not a fool, not empty

I am not a fool, not empty