Save Our Tigers!!!

Hmmm… a lot many people might think what’s this post doing on my blog???

Well for starters it’s my blog…Sorry if that sounded rude….but then this was made by my daughter Priyanka Sood (whose in second grade) as a part of her school project and she wanted her Daddy to do his bit and therefore it is here!

Damn we need to do something about it!!! How about shunning and trashing that Chinese talk of Virility and Stuff that Tiger products are supposed to have!

Limiting the use of paper and doing your bit with recycling, would be good enough!

To put it more bluntly “God damn’it SPARE THE TREES”! And that’s just reminds me it’s been a long time since I have seen Sparrows in Delhi!!! L !!!

Gold Views!!!

SnP 500 Views!!!

It’s been a very long time since I posted on SnP 500, infact almost a month, been once again busy with business, as my flower season was on full swing! Take a look at the chart below;

• Well we did touch and bounced back from the 200 periods MA.
• We have now on our hands a bearish crossover (after a long time!) of the 20 and the 50 periods MA’s.
• 1105/1045 is the range now!

If you are a shoot n scoot typo trader then one can buy the supports and sell the resistances with a tight stop. The bulls need to reclaim 1100/1105 (white dashed line) zone to be in charge…till then it’s a ping pong game!

For the rest it’s prudent to wait till this range breaks and with all the talk about the PIGS and STUPID (these are the acronyms of countries going kaput with their debt!) subsides!

Happy Valentine Day!!!!

4810-4825 Fibs At Work!!!

The idea for this post was inspired by a post by Corey! Below is the hourly chart of the Nifty Future with three swing highs (marked 1, 2, 3) and a swing low (marked End)!

As you can see from the chart above that we have paused at a confluence of Fib lines (acting as resistances in this case). What makes this a lil more potent is the placement of the 50 periods MA there. With 4800 being the weekly pivot and 4810 to 4825 being the confluence of resistances, the Bulls surely have a fight on their hands.

Will not say one to go short here but at least one can be a lil bit more careful with the longs!