1. Booked full profit at 5006 Bought yesterday at 4895. (+111 points)




"Our self-talk is our self-coaching"

1. On Thursday Bought @ 4866 and covered @ 4888. (+22 points)
2. On Friday Sold @ 4840 and booked profits @ 4821. (+19 points)
3. Today Bought @ 4895 booked partial profits @ 4940. (+45 points)


"The Pathway to more consistent profits is record keeping."

1. Buy Signal @ 4944. Went up to 4961. (+17 points)
2. Sell Signal @ 4934. Fell down to 4894. (+40 points)
2. Buy Signal @ 4913. Went up to 4933. (+20 points)
3. Sell Signal @ 4914. Fell down to 4868. (+46 points)


"I have no special talents. I am only passionately curious."  - Albert Einstein

1. Sell Signal @ 4909. Fell down to 4865.10. (+43 points)
2. Buy Signal @ 4889. Went up to 4973.20. (+84 points)
3. Sell Signal @ 4950. Fell down to 4926. (+24 points)



"What are the three best market indicators?
In order they are:

1. Price

2. Price

3. Price"

1. Sell Signal @ 4850. Fell down to 4824. (+26 points)
2. Buy Signal @ 4838. Went up to 4921. (+83 points)

Total Gain: +109 points

"Trading aggressively following losses in an attempt to get our money back all at once is called Revenge Trading."

Wkly Tech Analysis: Nifty placed in a strong support zone The markets registered heavy losses in the holiday-shortened week amid rout in equities across the globe. The US economy seems to be headed towards another recession, and fears of defaults in the Euro zone loom larger than ever before. Sentiment also soured due to the popular fight against corruption, which, many fear, may lead to a slowdown in foreign inflows. The NSE Nifty tumbled 336 points, from a high of 5,132 to a low of 4,796. The index ended at 4,846, with a loss of 227 points. One can see the resistance moving lower on the Nifty daily charts, if one draws a trend line from its recent high of 5,702 on July 26. The immediate resistance for the Nifty is now placed around 4,950. The index needs to break through this downward trend line to show any sign of consolidation or recovery. The markets have been in a downward spiral for the last ten months, which is precisely the time they took during the 2008 correction. Secondly, the index is now close to its extremely strong support level of 4,835, on the weekly and the monthly charts. The Fibonacci time-wise and value-wise targets, however, indicate a major bottom somewhere in the next 11 months. According to the time-wise theory, the next bottom will register around the 21st month, starting November 2010. This indicates a period between June to August, 2012. Similarly, according to the value-wise theory, we should get to a downside target of around 13,400-odd levels on the Sensex, and 4,000-odd levels on the Nifty. Hence, it would be interesting to see whether the Nifty can sustain around the 4,800 levels, and for how long.

1. Sell Signal @ 5473. Fell down to 5453. ( +20 points )

2. Buy Signal @ 5477. Didn't move up at all. ( -23 points )

3. Sell Signal @ 5454. Fell down to 5433. ( +21 points )

4. Buy Signal @ 5450. Went up to 5473. ( +23 points ) 

"There are no shortcuts to anyplace worth going"

1. Sell Signal at 5533. Fell down to 5488. (+45 points)
2. Buy Signal @ 5515. Went up to 5540. (+25 points)

Total Gain: +70 points 


"Every market inhales and exhales"