S&P CNX Nifty for 1 March 2013.

As we have been suggesting for the past few days the market was indeed weak and in spite of occasional upsides supply pressure did bring it down.
The tipping point for the day is at 5739 and market must trade above this point for any hope after overcoming the immediate resistance of 5714.
On the flip side, now that the support of 5698 has already been broken, it may slide towards 5600 and thereafter to 5542.One might as well trade with pessimistic bias.

S&P CNX Nifty for 28 February 2013.

The tipping point for the day is at 5788 with immediate resistance at 5798 and 5829.
On the flip side the immediate support is at 5775 failing which the benchmark index may slide towards the 5698 mark.
Our outlook for the day is of overall continued weakness amidst dull trades on the triple witching day.

S&P CNX Nifty for 27 february 2013.

The tipping point for the day is at 5783 which is way above yesterdays closing point. The immediate resistance is at 5779, 5798 and 5828.
If the 5753 support does not hold today then market may slide towards the 5698 mark.
Our outlook for the day is by and large an all out weakness. However in view of the impending settlement of the current series tomorrow, the market may surprise on the upside.

S&P CNX Nifty for 25 february 2013.

The tipping point for today is at 5854 and must Nifty trade above this level, the immediate resistance is at 5867 and then at 5886.
The immediate support is at 5830 and then at 5796.
Our outlook is of consolidation at lower levels and upsides must be met with increased supplies.

Weekend verses.

Momentary

I never glimpse her but she goes

Who had been basking in the sun,

Her links of chain mail one by one

Aglint with pewter, bronze and rose.

I never see her lying coiled

Atop the garden step, or under

A dark leaf, unless I blunder

And by some motion she is foiled.

Too late I notice as she passes

Zither of chromatic scale—

I only ever see her tail

Quicksilver into tall grasses.

I know her only by her flowing,

By her glamour disappearing

Into shadow as I’m nearing—

I only recognize her going.

               ... A E Stalings

Weekend Verses

        A Lover Since Childhood

Tangled in thought am I,
Stumble in speech do I?
Do I blunder and blush for the reason why?
Wander aloof do I,
Lean over gates and sigh,
Making friends with the bee and the butterfly?

If thus and thus I do,
Dazed by the thought of you,
Walking my sorrowful way in the early dew,
My heart cut through and through
In this despair of you,
Starved for a word or a look will my hope renew:

Give then a thought for me
Walking so miserably,
Wanting relief in the friendship of flower or tree;
Do but remember, we
Once could in love agree,
Swallow your pride, let us be as we used to be.

             ......Robert Graves

    A Frostry Night

Mother: Alice, dear, what ails you,
Dazed and white and shaken?
Has the chill night numbed you?
Is it fright you have taken?

Alice: Mother I am very well,
I felt never better;
Mother, do not hold me so,
Let me write my letter.

Mother: Sweet, my dear, what ails you?

Alice: No, but I am well.
The night was cold and frosty,
There's no more to tell.

Mother: Ay, the night was frosty,
Coldly gaped the moon,
Yet the birds seemed twittering
Through green boughs of June.

Soft and thick the snow lay,
Stars danced in the sky.
Not all the lambs of May-day
Skip so bold and high.

Your feet were dancing, Alice,
Seemed to dance on air,
You looked a ghost or angel
In the starlight there.

Your eyes were frosted starlight,
Your heart, fire, and snow.
Who was it said 'I love you?'

Alice: Mother, let me go!

     .......Robert Graves

Movie review- Les Miserables

 

Directed by Tom Hooper, starring Huge Jackman, Anna Hathaway, Russel Crowe, Les Misrables is a musical drama set against a backdrop of 19th century France. Huge Jackman plays the role of a prisoner Jean Valjean who breaks parole with the policeman Javert played by Russel Crowe in close heels. Anna Hathaway clearly stands out as she portrays a highly emotional role of Fantine, a factory worker who was thrown out of job and Huge Jackman upon her death decides to take care of her daughter. It is no wonder why Anne Hathaway got nominated in the best supporting actress category for the upcoming academy awards. Visuals and emotions are powerful. Huge Jackman too exhibits great talent as a singer, dancer and actor. For those who have a knack for musical drama, this is a must watch movie. 

On a scale of 10 we give it a 9.5

Click on this to watch trailor. 

S&P CNX Nifty for 22 February 2013.

The followers of our blog might have noticed that we were bearish for the last few days and had advised traders to play on the short side. The market had been showing an uptick and all those who utilized this upside to create fresh shorts might have capitalized.
The tipping point for the day is at 5874 and the support is at 5824 and 5762. On the flip side the immediate resistance is at 5893 and 5908.
Our outlook for the day is of continued weakness. The Nifty has changed its trend from bullish mode to a new phase of consolidation at lower levels with bouts of erosion.

S&P CNX Nifty for 21 February 2013.

The tipping point for the day is at 5950 and the immediate resistance is at 5959 and 5983.
On the flip side the immediate support is at 5937 and 5916.
Our outlook for the day is that the index may move up a little further in fits and jerks perhaps up to the 6013 mark before supply might set in.

S&P CNX Nifty for 20 February 2013.

The Nifty did manage to spike upwards in last session and closed significantly higher. The tipping point for the day is at 5924 and nifty must somehow manage to conquer the immediate resistance which is at 5954 and 5985 for the current up move to sustain. Bulls will however return only if it trades above the 6014 mark.

The immediate support is at 5931 and 5920. However if it slides below the 5905 mark then it will give up all the recent gains.

Our outlook is continued weakness and consolidation at lower levels as long as it trades below the 6014 mark. The up move may be seen in the light of the expiry of the current month series which is due next week.

S&P CNX Nifty for 19 February 2013.

The tipping point for the day is at 5896 and the immediate resistance above this point is at 5907 and then 5925 and 5953.
On the flip side the immediate support is at 5890, 5875, 5830 and 5763.
Our outlook is of continued weakness and traders may initiate fresh shorts in case of any upside and mid- term investors may look for investment opportunities in key stocks especially performing banks.

S&P CNX Nifty for 18 February 2013.

The tipping point for the day is at 5881 and the benchmark index must trade above this point and also conquer the immediate resistance of 5908 for any hope.

On the flip side the immediate support is at 5870 below which it may find support at 5830 and 5762.

Our outlook for the day is of continued losses and erosion. Mid term investors are advised to buy key stocks on staggered basis as and if market approaches 5762 mark. Indra-day traders may play on the short side.

S&P CNX Nifty for 15 February 2013.

As envisaged the benchmark index has turned weak. The only hope is that the support of 5896 has held on closing basis. But as per technical charts the Nifty may see further erosion to 5830 and 5762.
The tipping point for the day is at 5908 with immediate resistance at 5906 and 5919.
Otherwise the Nifty may go into a tail spin. Look out guys.

S&P CNX Nifty for 14 February 2013.

The benchmark index faced resistance at 5969 which was a shade above our predicted resistance at 5968 in our last post but then market behaved quite in expected lines by giving up almost all gains.
The tipping point for today is at 5942 with immediate resistances at 5934, 5942 and 5953.
On the flip side the immediate supports are at 5924, 5918 and 5902. Below 5902, the Nifty will turn weak and may slide further to 5895 and 5830.
Our outlook for the day is of continued weakness with selling pressure mounting on every spike up north.

S&P CNX Nifty for 13 February 2013.

The tipping point for today is at 5912 and if the benchmark stays above this point then the immediate resistance is at 5934 and 5968.
On the flip side the support is at 5917, 5911 and 5902. Below 5902, the Nifty will turn weak and may slide further to 5895 and 5830.
Our outlook for the day is that the Nifty may go up a little north but the supply pressure is not over as yet and it has yet to consolidate before making a confirmed up move.
.

S&P CNX Nifty for 12 February 2013.

The benchmark index did hold just above our critical support of 5896 on closing basis and therefore did not crack further as predicted yesterday.
The tipping point for today is at 5901 with immediate resistance at 5906 and then at 5934 and 5968.
However, our outlook for the day is of further weakness with immediate support at 5896 and 5892 and then at  5877, 5855 and 5832.

S&P CNX Nifty for 11 February 2013.

The market certainly seems to have taken a breather as we had indicated in our Friday's post. The technical indicators are indicating a short term down trend if Nifty slips below 5896 on closing basis. In that case market will enter into a weak phase with 5827 and 5763 as supports.
The tipping point for the day is at 5920 with immediate resistances at 5938, 5971 and 6025.

S&P CNX Nifty for 8 February 2013.

The market seems to have taken a breather amidst increasing supply. The resistance is at 5970 and then at 5983. However the short covering will kick in only above 6016 and bulls will return only if it trades above 6038.
The 5896 mark should act as stronger support which if broken will see Nifty change its trend and fresh shorts will be built in.
Our outlook for the day is continued weakness and consolidation at lower levels.

S&P CNX Nifty for 5 February 2013.

The market continued to be weak as predicted. The tipping point for the day is at 6003 with 5979, 5945 as the immediate supports. The market may even crack down to 5896. The immediate resistance is at 6016 and 6038. However the bulls will come to rescue the market only if it trades above the 6063 mark.

Our outlook for the day is that market should open weak and and go down further. However a comeback towards the later session cannot be ruled out.

More on Lone bellow.

The following are some more numbers from the band the Lone Bellow.

1 Two sides of lonely.

2 You dont love me like you used to.

3 End of the road.

Weekend Verses

             Romance

I went back, as to my relatives.
When I arrived, the elms had been shaved.
But you were all the same.
The buildings, the dry classrooms.
I embraced your eyes, your avenues.
You were fixed in the same expressions.
Your flat voices, your dental work,
like your lips, slipping over words already said.
Additional agricultural pamphlets;
many of you sat in private offices.
Why did I think I could drag it all back,
the former edge of town where
streets ended in fields under clouds
puffed like the French phrases
he kissed me with in the sucked-in breath
of that illusive happiness.
Coming back, listening, looking;
ready to take your bodies in my hands.
Returning to streets that had poured
heavy shopping malls
over the hay-sweet grass
where he and I lay whispering
the most important nonsense
of my desperate and embittered life.
 

                                                      ..............by Ruth Stone

The Lone Bellow- Music review.

If you are missing the tender lyrics of Civil Wars, guys here's a new Brooklyn based band 'The Lone Bellow' consisting of Brian Elmquist, Zach Williams and Kanene Pipkin. The amazing debut single 'You never need nobody' sung in southern country rock style with slow rhythmic melodies and stomping acoustics looks like a promising start for the band with a great going ahead.

Click here and listen.

The lyrics
You never need nobody
You never been alone
And I try to get your affection
And all I ever do is wrong.

You could break a heart, in your sleep
Yeah the way you move, makes a grown man weak
They all knock at your door
Saying please, please, I can’t take no more

You never need nobody
You never been alone
And I try to get your affection
And all I ever do is wrong.

You could calm a storm with your tone
And the way you sing, makes the mocking bird hold
The grass you walk on, gives way
Saying please, please, come back this way

You never need nobody
You never been alone
And I try to get your affection
And all I ever do is wrong.

Give me your hardest fever
Loudest scream in the crowd
Darling these good times
Can’t change, the way I feel bout you now
Give me your hardest fever
Loudest scream in the crowd
And all of these good times can’t change
the way I feel bout you now

Now I know you got ...
And the way you ...can drive a mad half mad
I won’t dance around you no more
I’m the only one you should smile for, yeah

You never need nobody
You never been alone
And I try to get your affection
And all I ever do is wrong.

S&P CNX Nifty for 4 February 2013.

The tipping point for the day is at 6012 and the benchmark should trade above this point. However the bulls are going to return only if it trades conclusively at above 6063.
The immediate support is at 5979 and 5945.
Our outlook for the day is of continued weakness with decreasing volatility.

Weekend music

I love the way you love me

Click here to watch.