Portfolio

Stock (14/06)	Latest Price	Inv. Price	Intra High/Lows	52 Wk High/Lows
Goldman BEES	2866.6	1666.72	2869.45 / 2853.00	2941.00 / 2099.20
TCS	1254	704.15	1261.50 / 1245.00	1295.25 / 902.00
ITC	244.7	67.59	248.65 / 243.05	252.85 / 182.00
Idea Cellular	76.85	64.44	77.65 / 76.25	103.70 / 65.60
Navneet	55.5	22.63	55.90 / 55.10	70.00 / 50.40
Tata Chemicals	312.75	294.7	322.00 / 311.50	389.70 / 287.00
Bharti Airtel	305.95	309.92	308.30 / 303.75	447.85 / 280.10
Ceat	94.05	78.52	97.25 / 93.55	117.90 / 65.90
Ranbaxy Labs	472	339.31	483.60 / 470.20	570.00 / 365.50
Eros Intern	171	188.89	175.00 / 170.40	276.95 / 153.20
Bajaj Auto	1549.9	1504.3	1577.00 / 1539.00	1843.35 / 1295.00
HDFC Bank	534.4	190.29	547.40 / 532.65	558.00 / 400.25
Petronet LNG	132.05	80.5	136.10 / 130.90	185.80 / 122.00
Ashok Leyland	26.15	13.76	27.50 / 26.05	33.50 / 20.00
SBI	2150.25	1164.43	2218.70 / 2144.10	2529.70 / 1571.10
ICICI Bank	818.85	449	849.00 / 816.00	1111.80 / 641.00

Wierd reality

• Children with bigger feet are statistically better at spelling
• In Europe birth rates are higher in areas with more storks
• The largest desert in the world is Antarctica.
• The sale of ice cream has a strong positive correlation with both shark attacks and drownings.
• 90% of criminals in america have played tetris at some point.
• 100% of people struck by lightning die.
• 6 out of 7 dwarves are not Happy
• All mushrooms are edible, but some only once.
• The average person has less than two legs.
• Oil is technically a renewable resource. I just operate on a much longer timeline.
• This is a picture of me when I was younger.
• Every picture of you is a picture of you when you were younger. (Hedberg)
• Today is the last day of your life, so far.
• Lost items are always found in the last place one looks.
• You think I am 99% Ape genetically. Genetically, you are 50% banana.
• Celibacy is not hereditary.
• I am only addicted to higher Serotonin and dopamine.
• People who have more birthdays live longer.
• Christian Belief: Carpenters have the highest rate of resurrection per capita of any profession.

Nifty - 5th Mar 2012

Nifty - 2nd Mar 2012

Nifty - 17th Jan 2012

Resistance at 5100.

Nifty - 16th Jan 2012

From the above figure we can see that at lower levels a sudden drop in price leads on to a pull back rally. Although the pullback rally might or might not convert into a bullish trend, but it does move in the direction for some time. The effect of a good pullback reduces at higher levels, where a drop is continued and followed by a V shaped curve formation (Fri Jan 12).

A simple strategy could be to buy into

• sudden fall in stock (2-3 times the speed) followed by 
• a drop in volatility and almost consolidation at the lower end of the first bearish candle.
• at support levels on the same time frame.  

The above information can be correctly derived, only if we know whether we are closer to support or resistance. For example Wed Jan 11 could be considered a support or resistance. So on Thursday, if we are confused whether we are at Support or resistance, then we cannot take the right position.

Nifty - 10th Jan 2012

NIFTY should start a up move till 5050.

Nifty - 8th Jan 2012

• Friday, Jan 6^th surely meant a very bullish day with NIFTY moving up by 80 points in a few hours time.
• 4730 was broken as assumed but a strong bounce back occurred at 4690. This could either be because the volatility had to increase or because a 60 point fall in a few hours is too big to digest.
• 4780 proved as an effective resistance once more.
• As the end of day is volatile no clear direction should be assumed at opening. 
• Jan 7^th has opened with a fall of almost 70 points. 4780 is surely remaining unbroken today.
• A bear is lurking in the shadows below 4690.
• Also a day where level is maintained should mean an extremely bullish week coming up.

Let me know any stocks that you would like me to follow apart from Nifty. I will be happy to add on.

Nifty - 6th Jan 2012

Observations

• The index was in a short band of 4730 to 4780 touching 4780 twice.
• Although the stock fell 50 points to 4730, it did manage to pull back to 4750.
• The stock is not ready to cross the barrier of 4780 still.
• If the level of 4730 holds for 1 more  day then breaking 4780 should be easy.
• Volatility can be expected to increase today. This could be problem as it would weaken 4730 as a support level i.e. the stock could still break 4780 in spite of going below 4730.

Important Levels

• 4730 - Support
• 4780 - Resistance
• 4755 - Most probable opening

Nifty - 5th Jan 2012

Observations

• The long term trend remains negative with support at 4500 and 4200.
• On the daily chart a support of 4530 and resistance of 5100 is present.
• The current band on the half hourly chart is 4600 to 4800.
• A break above 4800 should result in at least a 200 point rally, before any resistance.
• 4800 has already been tested twice as a strong resistance.
• The 3^rd of Jan saw a opening gap up of 40 points followed by a 100 point rally till the end of day.
• 4^th of Jan had a consolidation of at the top with a band of 4730 to 4780.
• The last hour on 4^th of Jan saw a rise of 30 points and a fall of 20 points in a bullish pattern.

Important Levels

• 4730 - Strong support. If broken then 4780 will remain unbroken.
• 4780 - Any opening above this is a bullish over next few days
• 4750 - Most probable opening.

This is the last decade where we

• Buy a printed book
• Buy a PC/MAC for home entertainment
• Travel to another country to work
• Drive a car
• Use printed currency