Thursday, 4 October 2012

5 Oct

Nifty future 5826 [Bullish]
Stop and reverse SAR 5656
Trend reversal down below 5656 [positional]

Resistance
5860
5842
Support
5810
5792
Happy trading

4 Intra

Bought 5822  SL 5810  Target  5850
Booked profit @ 5830. +8

Wednesday, 3 October 2012

4 Oct

Niftyfuture 5768 [Bullish]
Stop and reverse SAR 5616
Trend reversal down below 5616

Resistance
5786
5777
Support
5760
5750
Happy trading

3 Intra

Sold 5758  SAR  5756 pass. +2 [Short target 5738 missed by 3 points only, daylow 5741]
Long 5756  TSL 5755  
Booked profit 5770. +14
Net +2+14= +16 [Days range 30 points,very narrow range,we gained +16 points]

Tuesday, 2 October 2012

3 Oct

Nifty future 5754 [Bullish]
Stop and Reverse SAR 5599
Trend reversal down below 5599 [positional]

Resistance [Intra]
5777
5765
Support
5745
5730
Happy trading


Monday, 1 October 2012

2 Oct Gandhi jayanthi

 A Car and a Pair of Binoculars

 Here's how a close friend of Gandhiji came to give up two of his possessions. This friend, a German named Kallenbach, was an engineer-architect whose earnings had made him rich. Kallenbach shared the beliefs and principles of Gandhiji and worked closely with him in the struggle against the white South African government. This, however, was not always easy.

It was 1908. Gandhiji was being released from jail, having served his sentence for the Satyagraha struggle. At the gate he realised that his friend Kallenbach was so happy at his release that he had actually bought a new car to take him home. Gandhiji refused to enter the car. "It is stupid to spend so much money on a car,  when other people are suffering. You must return it to the seller before doing anything else."

On another occasion, Kallenbach and Gandhiji were returning to South Africa from England by ship. Kallenbach had a well-crafted and expensive pair of binoculars. This led to a serious discussion. What exactly is essential for a good and simple life? And if non-essentials are not required, shouldn't they be discarded? The binoculars were costly, but not essential. Persuaded by Gandhiji, Kallenbach threw them into the sea. And felt greatly relieved.

1 Oct 12

Niftyfuture 5730  [Bullish]
Stop and Reverse SAR 5555
Trend reversal down below 5555

Resistance
5760
5745
Support
5715
5700
Happy trading