Friday, September 21, 2012

Nifty outlook and trading levels for 21 Sept 12

Flat to positive opening is expected with extremely volatile session but negative bias..
few points to be considered
Increase of open interest in Nifty futures  supporting  fall
FIIs were net seller yesterday
Nifty Closed below 45 points
RSI giving sell signal
VIX  was up by 4.4% yesterday ( Fear Index )
Trade in Nifty Futures as per these levels
Buy at / above: 5587   Targets: 5603 - 5622 - 5640 - 5659
Stoploss : 5568
Sell at / below: 5568   Targets: 5553 - 5534- 5515 - 5497
Stoploss : 5587

Got in mail today


A woman baked chapati for members of her family and an extra one for a hungry passerby. She kept the extra chapati on the window sill, for whosoever would take it away. Every day, a hunchback came and took away the chapati. Instead of expressing gratitude, he muttered the following words as he went his way: "The evil you do remains with you: The good you do, comes back to you!" This went on, day after day. 

Every day, the hunchback came, picked up the chapati and uttered the words: "The evil you do, remains with you: The good you do, comes back to you!" The woman felt irritated. "Not a word of gratitude," she said to herself...

"Everyday this hunchback utters this jingle! What does he mean?" One day, exasperated, she decided to do away with him. "I shall get rid of this hunchback," she said. And what did she do? She added poison to the chapatti she prepared for him! 

As she was about to keep it on the window sill, her hands trembled. "What is this I am doing?" she said. Immediately, she threw the chapati into the fire, prepared another one and kept it on the window sill. As usual, the hunchback came, picked up the chapati and muttered the words: "The evil you do, remains with you: The good you do, comes back to you!" The hunchback proceeded on his way, blissfully unaware of the war raging in the mind of the woman.

Every day, as the woman placed the chapati on the window sill, she offered a prayer for her son who had gone to a distant place to seek his fortune. For many months, she had no news of him.. She prayed for his safe return. 

That evening, there was a knock on the door. As she opened it, she was surprised to find her son standing in the doorway. He had grown thin and lean. His garments were tattered and torn. He was hungry, starved and weak. As he saw his mother, he said, "Mom, it's a miracle I'm here. While I was but a mile away, I was so famished that I collapsed. I would have died, but just then an old hunchback passed by. I begged of him for a morsel of food, and he was kind enough to give me a whole chapati. As he gave it to me, he said, "This is what I eat everyday: today, I shall give it to you, for your need is greater than mine!" " As the mother heard those words, her face turned pale.

She leaned against the door for support. She remembered the poisoned chapati that she had made that morning. Had she not burnt it in the fire, it would have been eaten by her own son, and he would have lost his life! It was then that she realized the significance of the words: "The evil you do remains with you: The good you do, comes back to you!" Do good and Don't ever stop doing good, even if it's not appreciated at that time.

If you like this, share it with others and I bet so many lives would be touched.

Life's too short to wake up in the morning with regrets.
Love the people who treat you correctly.
Forget about the one's who don't.
Forget and forgive

Do good to everybody - even those who don't like you
Believe that everything happens for a reason!
Never take someone for granted.
Hold family and friends close to your heart.
Because you might wake up one day,
And realize that you have lost a diamond,
While you were too busy collecting stones!
Trade according to trend ...Try to encash each wave may it be bullish or bearish, have a look here.. 
How Ritu en-cashed selling opportunity in JPassociat
gained Rs 5188/- net within last 45 Minutes of trade
Sesa Goa ... profit booking started in it ...have a look ..
Sell at each swing high ...

Sesa goa intraday move of 20 sept is shown in chart ,
possible intra day targets(swing lows ) for  21 Sept 168  166  163 

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