Monday, December 31, 2012

S&P CNX Nifty for 1 Jan 2013.

Happy new year to all the followers of our blog! May this year be the harbinger of prosperity, peace and vibrant health.

The market ended 2012 on a silent note, consolidating with a bullish undertone without touching resistances or support.
The tipping point for the day is at 5908 which also happens to be the immediate resistance. If this resistance is conquered then the next resistances are at 5918, 5930 and 5940.
The immediate support is at 5885 and 5875.
Our outlook for today is that the market may consolidate a little more if it does not go north. The bullish structure is intact and any weakness may be utilized to go long.

Sunday, December 30, 2012

S&P CNX Nifty for 31 December 2012

The tipping point for the last trading day of 2012 is at 5903 and if the benchmark index holds above this level then it will find resistance at 5923, 5945 and 5960.
On the flip side if it slips below 5903, then a bought of selling pressure may take it down to 5884, 5866 and 5850.
Our outlook for the day is that the market will consolidate with a bullish undertone.

Wednesday, December 26, 2012

S&P CNX Nifty for 27 December 2012

As indicated yesterday, the market did surprise with an upmove in the wake of settlement of the current series which is today. The tipping point for today is at 5894 and the immediate supports are at 5897, 5888 and 5870.
Our outlook for today is that the market can be safely said to be in a consolidating mode as long as it stands above 5870. The undertone is bullish with immediate resistances at 5914, 5930 5952. Weakness may be utilized to go long for short term trades.

Tuesday, December 25, 2012

S&P CNX Nifty for 26 December 2012

The tipping point for today is at 5857 and unless the benchmark index trades above this threshold level with good volumes, the overall market will remain weak with immediate supports at 5824 and 5805. All the technical indicators are suggesting weakness, but tomorrow being the settlement day, market can throw surprise in which case the resistance is at 5865, 5879 and 5902.
Our outlook for today is continued weakness which may be utilized to go long on index and key stocks. However a breach of 5805 level conclusively will see fresh shorts being built.

Sunday, December 23, 2012

S&P CNX Nifty for 24 December 2012.

The tipping point for the day is at 5859 which is much below the closing point of Friday. The market looks weak in the face of the settlement of December series which is on 27th. If the support of 5806 holds then the bull run can be presumed to be intact but for the bull run to resume and go roaring once again the benchmark index must conquer 5904. The immediate resistances are at 5865 and 5879.
However on the flip side, the market will find support at 5830 and 5812.

Saturday, December 22, 2012

Weekend Verses

Morning Poem

Every morning
the world
is created.
Under the orange

sticks of the sun
the heaped
ashes of the night
turn into leaves again

and fasten themselves to the high branches ---
and the ponds appear
like black cloth
on which are painted islands

of summer lilies.
If it is your nature
to be happy
you will swim away along the soft trails

for hours, your imagination
alighting everywhere.
And if your spirit
carries within it

the thorn
that is heavier than lead ---
if it's all you can do
to keep on trudging ---

there is still
somewhere deep within you
a beast shouting that the earth
is exactly what it wanted ---

each pond with its blazing lilies
is a prayer heard and answered
lavishly,
every morning,

whether or not
you have ever dared to be happy,
whether or not
you have ever dared to pray.


      ........... Mary Oliver (in Dream Works)

Monday, December 17, 2012

Hand made gold jewellery from Kumaon, India

Gold necklace with ear danglers.

S&P CNX Nifty for 18 December 2012

The market did manage to hold above our support on closing basis; it closed at 5857.9 a shade above the support indicated in yesterday's post and so it can be conclusively said that the bulls haven't given up yet. The tipping point for the day is at 5865 and if Nifty sticks its head above this mark then it must conquer the resistance 5873 to resume upward journey.
On the flip side the immediate support is at 5843 and the crucial support is at 5804.
Our outlook for the day is that there might be a little more consolidation and/or weakness or sideways movement before selling pressure patters  out.

Talaash 2012 movie review








Directed by Reema Kagti, Talaash is a suspense thriller starring Aamir Khan, Kareena Kapoor and Rani Mukerji. Aamir Khan plays the role of a police officer investigating the mysterious death of a film star while struggling hard with his wife played by Rani Mukerji to cope up with the loss of their only child. The script is perfect confirming to the versatility of the story writer Zoya Akhtar with Reema Kagti and dialogue writer Farhan Akhtar with Anurag Kashyap. The movie has some very emotionally appealing scenes and is gripping as it moves. The climax is however disappointing and the movie falters towards the end. Nevertheless, the movie does score on a lot of points if one can just ignore the end. It is engaging.
On a scale of 10 the movie is a clear 8.
Clic here to watch trailer of the movie.

Sunday, December 16, 2012

Movie Review - Hope Springs 2012.


Hope Springs


Hope springs is directed by David Frankel starring Meryl Streep and Tommy Lee Jones. The movie revolves around the married life of the two who act as husband and wife married for 31 years as they seek counseling of Steve Carell  playing as therapist. The movie is emotionally engaging comedy drama which is brilliantly directed, acted as well as edited. It really touches some of the very finer points in lives of most of the married people.
In a scale of 10, I give it 8.5. It is a must watch !!
Click here to watch the official trailer.

Saturday, December 15, 2012

S&P CNX Nifty for 17 December 2012.

After cracking up down to 5839, the nifty did manage a comeback on account of shorts being covered on Friday. The tipping point for the day is at 5868 and if Nifty manages to trade above this point then the immediate resistance is at 5882, 5888 and 5917. On the flip side if Nifty slips below the tipping point then the immediate support is at 5857 and then at 5823 and 5805.
Our outlook for today is that the charts suggest a little more weakness and consolidation before resumption of upward trend. The overall bullish structure is very much in place.

Thursday, December 13, 2012

S&P CNX Nifty for 14 December 2012.

The tipping point for the day is at 5866 and if Nifty trades above this mark in the opening trades then the immediate resistance is at 5889. However, the charts indicate a little more down slide with immediate support at 5823 and 5806.

Wednesday, December 12, 2012

S7P CNX Nifty for 13 December 2012.

The tipping point for today is at 5895 which is a little above yesterday's closing and Nifty will have to trade above this level to resume it's upward journey with 5927 as the immediate resistance and then at 5947 and 5969.
On the flip side, if it fails to stick its head above the 5895 mark then the immediate support is at 5866 and then 5805.
The outlook for today is that there may be a breakout in either direction.

Tuesday, December 11, 2012

S&P CNX Nifty for 12 December 2012.

As predicted in our post yesterday, the Nifty did find support at 5865 from where it bounced back. The tipping point for Nifty is now at 5909 and Nifty will have to trade above this mark for it to resume it's upwards path. The immediate resistance is at 5927.
On the flip side the immediate support is at 5891, 5881 and then at 5866.
Our outlook for the day is that the Nifty will remain weak in the opening moves and if it fails to find the support at 5866 conclusively then it must go further down to 5823. However if sideways movement persists for most part then it may start moving northwards again. However as of now the bullish trend is very much in place.

Sunday, December 9, 2012

S&P CNX Nifty for 10 December 2012.

The tipping point for the day is at 5915 and to resume the bullish upsurge, the Nifty must trade above this point. Otherwise, the immediate support is at 5880 and then at 5865.
In case of an up move, the immediate resistance is at 5928 and then at 5941.
Our outlook for the day is that the market may consolidate further sideways with a bullish bias.

Thursday, December 6, 2012

S&P CNX Nifty for 7 December 2012.

The market behaved in the expected lines of yesterday's post and it did go down before an upsurge.
The tipping point for today is at 5904 which is much below yesterday's closing point. The immediate support for Nifty is at 5918 and 5890.
The Nifty seems all set for further scaling new 52 week highs with resistance at 5970 and 6005.

Wednesday, December 5, 2012

S&P CNX Nifty for 6 December 2012.

The tipping point for the day is at 5902 and Nifty will have to trade above this point consistently for the bullish trend to continue in which case the immediate resistance will be met at 5916 and then at 5929 and 5942.
On the flip side the immediate support is at 5888 and 5841.
Our outlook for today is a weakish start with consolidation and upsurge later on.

Tuesday, December 4, 2012

S&P CNX Nifty for 5 December 2012.

As expected, the Nifty did find resistance at 5894.95 a tad short of our predicted point.
The tipping point for today is at 5881 and the immediate support is at 5871. However, if Nifty manages to stay above the 5881 mark conclusively then it is headed for a new 52 week high with immediate resistances at 5905, 5919 and 5940.
Our outlook for today is continued up move with all out buying but with falling volumes.

Monday, December 3, 2012

S&P CNX Nifty for 4 December 2012.

As indicated in our post yesterday, the resistance of 5900 did hold as the market returned from 5899.15.
The tipping point for today is at 5875 and the Nifty will have to trade above this point consistently to resume the upward journey. 5884 is the immediate resistance above which Nifty will see resistances at 5896, 5920 and 5941.
On the flip side, if it trades below the tipping point of 5875, then it will find support at 5862 failing which it will slip down to 5849 and 5827.
Our outlook for today is that the bullish structure is well in place and charts suggest continued optimism.

Sunday, December 2, 2012

S&P CNX Nifty for 3 December 2012.

The tipping point for the day is at 5864 and if the Nifty manages to stick it's head above this point then the bullish rampage will continue with immediate resistance at 5901, 5928 and 5958.
However, if it trades below 5664, then a bout of sideways consolidation may be seen with immediate support at 5841 and 5816.
Our outlook for today is of continued optimism albeit with sideways consolidation before a new intermediate 52 week high is made.

Music I grew up with- 14

Saturday, December 1, 2012

Weekend Verses.

                    Autumn Rain
 
There's a sad, sad voice in the autumn rain,
Mournful rain;
As it beateth slowly against the pane,
Window pane.
And the wind sings by with a conscious breath,
And seems like a messenger whispering death,
As the flowers bend with a drooping eye--
Bend and die.

What gives such a sadness unto the rain?
Autumn rain;
For it sobs like a human heart in pain,
A heart in pain;
Does it know its drops with a chilly tread
Lie cold on the beauty that now is dead?
Does it know the beautiful must decay?
Passing away.

Sure the summer rain had a merry tone,
A laughing tone;
Its patter made melody all its own,
Yes, all its own;
The flowers looked up when it came from the skies,
And the drops for mischief fell right in their eyes,
And sparkled in brightness like mimic tears,
Joyful tears.

Then tell me, why is it this autumn rain,
Mournful rain,
Chills my very heart as it sweeps the pane?
Dripping pane.
Is it that it sighs o'er a summer fled,
O'er the graves where more than flowers lie dead;
Is it that memory lendeth a strain
To the sobbing rain?

O where are the hopes of the bright spring tide?
Sweet spring tide.
With the summer blossoms they too have died,
Yes, they have died.
They have fled away; will their bloom come back?
Will they bless again as I tread life's track?
Or, by and by on some other shore
Bloom evermore?

Sob on,--it is well,--O passionate rain;
'T is well, O rain,
Tho' the flowers now faded may bloom again,
Will bloom again;
Some things that have died with the summer's light,
Some things that have fled with the summer's flight,
Will never, no, never, come back again,
Sob on, O rain!


               ................  by: Mary T Lathrap