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

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!!!

Dollar Views!!!

Intermarket Relationships!!!

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.