Sunday, August 30, 2009

Weekend Views On Nifty!!!

Another month, another very good month comes to an end (albeit it looks like a hanging man as of now on the monthly chart)! Below is the weekly chart of Nifty and as we can see there is yet another attempt to break out from the 4000/4700 range. This will need a greater push and all round participation to make it a strong breakout because of the negatives it faces. First of all at 4800 we have 61.8% fib of the Jan 2008 highs to March 2009 lows! The RSI below is beginning to diverge from OB levels which it had not witnessed for a long long time on the weeklies!







A break above 4800 might immediate spurt another 200 points rally; similarly if not able to hold to 4625/50 then we might get the same quickie of at least 200 points to the downside!





Where R We NOW???



Saturday, August 29, 2009

Crude Views!!!

World Indices!!!



As you can see from the chart above that only three Indices have been trading above their WEEKLY 200 periods MA; the Sensex, the HangSeng and the Shanghai Composite!!! Infact the Shanghai Composite has retraced exactly from 38.2% fib of the all time highs and incidentally it has now also retraced to the 38.2%, drawn from the lows to Aug highs!!!



And from the chart below we see that it’s only NASDAQ that’s tryin2cling to its Weekly 200 periods MA!







Btw most of the indices are making new 2009 Highs!!!



Couplets By Kabir!!!



Chalti Chakki Dekh Kar, Diya Kabira Roye

Dui Paatan Ke Beech Mein,Sabit Bacha Na Koye




Looking at the grinding stones, Kabir laments

In the duel of wheels, nothing stays intact.





Bura Jo Dekhan Main Chala, Bura Naa Milya Koye

Jo Munn Khoja Apnaa, To Mujhse Bura Naa Koye




Searching for the wicked, met not a
single

one When searched myself, "I" found the wicked one





Kaal Kare So Aaj Kar, Aaj Kare So Ub

Pal Mein Pralaya Hoyegi, Bahuri Karoge Kub



Tomorrows work do today, today's work anon

if the moment is lost, when will the work be done





Aisee Vani Boliye, Mun Ka Aapa Khoye

Apna Tan Sheetal Kare, Auran Ko Sukh Hoye



Speak such words, sans ego's ploy

Body remains composed, giving the listener joy





Dheere Dheere Re Mana, Dheere Sub Kutch Hoye

Mali Seenche So Ghara, Ritu Aaye Phal Hoye



Slowly slowly O mind, everything in own pace happens

Gardner may water a hundred buckets, fruit arrives only in its season





Sayeen Itna Deejiye, Ja Mein Kutumb Samaye

Main Bhi Bhookha Na Rahun, Sadhu Na Bhookha Jaye



Give so much O God, suffice to envelop my clan

I should not suffer cravings, nor the visitor goes unfed





Bada Hua To Kya Hua, Jaise Ped Khajoor

Panthi Ko Chaya Nahin, Phal Laage Atidoor



In vain is the eminence, just like a date tree

No shade for travelers, fruit is hard to reach





Jaise Til Mein Tel Hai, Jyon Chakmak Mein Aag

Tera Sayeen Tujh Mein Hai, Tu Jaag Sake To Jaag



Like seed contains the oil, fire in flint stone

Your heart seats the Divine, realize if you can





Kabira Khara Bazaar Mein, Mange Sabki Khair

Na Kahu Se Dosti, Na Kahu Se Bair



Kabira in the market place, wishes welfare of all

Neither friendship nor enmity with anyone at all





Pothi Padh Padh Kar Jag Mua, Pandit Bhayo Na Koye

Dhai Aakhar Prem Ke, Jo Padhe so Pandit Hoye



Reading books everyone died, none became any wise

One who reads the words of Love, only becomes wise





Dukh Mein Simran Sab Kare, Sukh Mein Kare Na Koye

Jo Sukh Mein Simran Kare, Tau Dukh Kahe Ko Hoye



In anguish everyone prays to Him, in joy does none

To One who prays in happiness, how sorrow can come


SnP 500 Views!!!

Copper Views!!!

Gold Views!!!

Dollar Views!!!

Intermarket Relationships!!!

Nifty 50 Relative Strength!!!

BSE Sectoral Relative Strength!!!

BSE Sectoral Weekly And Monthly ROC!!!

Nifty 50 Weekly And Monthly ROC!!!

%age Of NSE Stocks Above Their 20/50/200 MA's!!!

Sunday, August 16, 2009

Weekend Views On Nifty!!!

Let Me Die a Youngman's Death By Roger McGough !!!




Let me die a youngman's death

not a clean and inbetween

the sheets holywater death

not a famous-last-words

peaceful out of breath death



When I'm 73

and in constant good tumour

may I be mown down at dawn

by a bright red sports car

on my way home

from an allnight party



Or when I'm 91

with silver hair

and sitting in a barber's chair

may rival gangsters

with hamfisted tommyguns burst in

and give me a short back and insides



Or when I'm 104

and banned from the Cavern

may my mistress

catching me in bed with her daughter

and fearing for her son

cut me up into little pieces

and throw away every piece but one



Let me die a youngman's death

not a free from sin tiptoe in

candle wax and waning death

not a curtains drawn by angels borne

'what a nice way to go' death


Gail Views!!!

Cipla Views!!!

Shanghai Composite Views!!!

Cairn Views!!!

SnP 500 Views!!!

Gold Views!!!

Intermarket Relationships!!!

Dollar Views!!!

BSE Sectoral WOW ROC!!!

Nifty 50 WOW ROC!!!

Nifty 50 % Above Their 200 MA!!!

%age Of NSE Stocks Above Their 20/50/200 MA's!!!

Sunday, August 9, 2009

Weekend Views On Nifty !!!

Copper Views!!!

SnP 500 Views!!!

Gold Views!!!

Intermarket Relationships !!!


Once again I am putting a few points down on intermarket relationship as mentioned by John Murphy in his book Intermarket Analysis.





The U.S. dollar trends in the opposite direction of commodities.
A falling dollar is bullish for commodities; a rising dollar is bearish.
Commodities trend in the opposite direction of bond prices.
Therefore, commodities trend in the same direction as interest rates.
Rising commodities coincide with rising interest rates and falling bond prices.
Falling commodities coincide with falling interest rates and rising bond prices.
Bond prices normally trend in the same direction as stock prices.
Rising bond prices are normally good for stocks; falling bond prices are bad.
Therefore, falling interest rates are normally good for stocks; rising rates are bad.
The bond market, however, normally changes direction ahead of stocks.
A rising dollar is good for U.S. stocks and bonds; a falling dollar can be bad.
A falling dollar is bad for bonds and stocks when commodities are rising.
During a deflation (which is relatively rare), bond prices rise while stocks fall.