Archive for July 20th, 2008

20
Jul
08

BOOKS : HARMONIC WEALTH

By rkarora 1 Comment
Categories: LIFE STYLE
Tags: ,

Books :-

 

Harmonic wealth :———————worth reading—————————–

 

AUTHOR : James Arthur Ray.

 

Extracts  from this books:-

 

“True wealth is a state of harmony with 5 pillars, viz,

  1. financial
  2. relationship
  3. mental
  4. physical
  5. spiritual

 

understand your pillars are interdependent: when you attend to each of them, all increase to strength . for example   when you take care of your health by working out regularly and eating  well, you create multiple benefits . cross training is the key to exponential growth.”

 

“ anything that’s gifted to you in this universe that you don’t have the capability to create for universe will always be taken away. Things that are self-created are more readily self-sustained and rapidly (if necessary) re-created. But if you don’t know how to generate it in 1st place, you won’t know how to keep it, even when it falls in your laps .”

 

“ create your own lottery: .. don’t wish or wait for anything for you.  Decide right now that you are going to go out and do it for yourself……tap into the great sea of money flowing around this planet.”

 

“creating and maintaining financial wealth means that you have got to be willing to stretch yourself, eradicate your demons, take risks, and chase down every last detail ………..James Arthur Ray

  

20
Jul
08

nifty watch

By rkarora 1 Comment
Categories: stock market
Tags:

Nifty watch:-      

July 21st 2008

Intra day support & resistance:

S 2

S 1

Pivot

R 1

R 2

3858.75

3975.45

4043.00

4159.70

4227.25

Day of volatility 3814 to 4227. enjoy the swing. 4064 is the trend decider

(20 days moving average). 4351 is the 3rd  resistance , which is stop loss

to all short positions. 1st support comes @ 3951  . 2nd support is 3790

which is stop loss to all long positions. Best way to play in range is to buy

near support and sell near resistance with small sum of stop losses. In that

case huge profits will take care of small losses.

Fibonacci price projections

 

0%

61.8%

100%

161.8%

261.8%

Up

3848

4745

5299

6196

7647

Dn

5299

4402

3848

2951

1500

Journey started @ 3848 will touch 4402 or not? Still its with in

range of 3814 to 4227. any break out with high volume will

decide the trend. It was explained just on 1st day of settlement

that this is the month of range bound trading. More or less it will

be side ways. Markets take its own time to settle and consolidate

before starting its journey. Many times its signals are wip-saws .

we have to be careful in that cases also. 

Support and Resistance

Previous resistance
Previous support
Weekly close
5 days highest high
5 days lowest low

5299
3848
4049
4118
3790

 

This may be the 1st time in history a global recession has been

avoided because of emerging markets. The good side of the rise

in emerging markets is that the world economy is now much

less reliant on just one economy – US:- CHRISTIAN (HSBC)

dow has resistance @ 11500-700(earlier support). Immediate support for

 the crude is $122, if break can test 110-115. cooling of crude has created

space for all oil cos.(psus) to go up. Hind petro, bpcl, ioc. Number of

crude is least important compare to number game at Indian parliament.

Emerging as the key player in the political drama unfolding ahead

of Tuesday’s trust vote, Bahujan Samaj Party (BSP) chief

Mayawati on Sunday said the opposition camp had the “numbers”

to topple the Manmohan Singh government. While the UPA is

banking on undecided parties and Independent MPs, smaller

parties are watching the political drama unfold and waiting for their

chance to play kingmaker. Will the UPA survive Tuesday’s vote of

confidence or will the Manmohan Singh-led government crumble

due to lack of support? Political instability may impact up trend  in

the opening session  Ntpc, sbin are stocks to watch. Ntpc has

given value to our portfolio, where as nifty is almost at same level. 

 

 

intra day calls :-

dr.reddy

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

629.90

646.30

658.40

674.75

686.85

Buy @ 658/- s.l 623/- target 740/-

 

idfc

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

89.35

99.50

105.15

115.30

120.95

Buy @ 105/- s.l 88(intra day 98) target 117.

 

allahabad bank

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

55.40

56.50

57.70

58.80

60.00

Trend decider : 57/50

 

Tcs

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

728.60

761.20

781.60

814.20

834.60

Sell @ 781 s.l 805/- target 728/-

 

Indian hotel

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

79.05

81.65

83.85

86.45

88.60

Trend decider : 84/-

 

Bhel

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

1421.05

1476.40

1510.70

1566.05

1600.35

Range :1513-1452 upward target : 1610, downward target : 1355.

 

Bpcl

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

270.15

277.25

282.10

289.20

294.05

               

Buy @263/- s.l 250/- (intra day buy@281/- s.l 275/- target 289 & 294/-) target 309/-

Hind perto

 

Intraday support & resistance:

S 2

S 1

Pivot

R 1

R 2

209.20

213.65

216.95

221.40

224.70

Buy @210/= s.l 197( short term : 209/-) target 228 & 250.

 

 

 

 

Best & Worst Equity markets in the past six months

 

% of return for 6 months

 

Equity markets

Lebanon                                             39.7

Ghana                                             38.4

Oman                                              30.1

Qatar                                              24.1

Kuwait                                           23.4

Tunisia                                           21.0

India                                              -37.9

The Philippines                            -38.1

Turkey                                          -39.2

China                                             -40.3

Iceland                                           -45.0

Vietnam                                         -54.9

 

Many of African and Middle East countries are between best performing.

 

DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits.