Nifty Future Daily View – Crucial Support at 5566-5557

Bulls-bears 1

Nifty Future

(Updated on 05.04.13 at 08.35 AM)

Yesterday boldly written that below 5639

Nifty future would lower up to 5591.

Nifty fut made low at 5583.30.

Market Directions for Today…

Intraday support at 5586.

Break below may take NF lower up to 5577-5566.

Crucial Support at 5566-5557.

If holds these support then pullback

up to 5603-5623 not ruled out.

But decisive breach below 5557

see slide up to 5537-5519.

Major Hurdle at 5690-5710.

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Silence lies the ability to listen

Sunrise

Today’s Thought

The Wonder of Silence

In silence lies the ability to listen; to listen to ourselves, to others and to God. Listening is a lost art. Without it, we cannot communicate, we cannot relate to each other, and so we cannot live life meaningfully. We need to learn to listen. Sitting in silence allows us to listen to ourselves and to understand. This silence can heal. The worries, the pain can be healed when we listen. Spiritual medicine is ever-present in the soul. Whenever we need it, to whatever extent we need it, we can find it within.

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Nifty stocks that are trading below 200 DMA

images (1) The Nifty is trading well below its 200 Day Moving Average (DMA) of 5632. A moving average is the average price of a stock over a certain time frame. The 200-day moving average represents the average price over the past 200 trading days. Technical analysts closely track the 200-day moving average. The moving averages act as support and resistance for the underlying security. A fall below this average indicates breach of support and consider closing the position inferring the long term trend has turned bearish. 33 stocks in the Nifty are trading well below its 200 DMA.

 

Nifty Stocks        Below 200 DMA

RELINFRA            -32.70%

NMDC                 -23.70%

HINDALCO           -22.40%

TATASTEEL          -22.10%

JPASSOCIAT         -20.80%

HEROMOTOCO      -20.60%

BHEL                   -20.20%

SESAGOA              -17.30%

JINDALSTEL          -16.40%

ACC                     -15.10%

AMBUJACEM          -13.10%

BANKBARODA        -12.30%

COAL INDIA           -11.10%

GAIL                     -10.90%

GRASIM                 -10.80%

PNB                      -10.40%

RELIANCE               -5.00%

ICICIBANK              -3.40%

LT                          -9.5%

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ECB keeps rates unchanged

ecb

Main rate stays at 0.75%.

The European Central Bank has kept eurozone interest rates on hold. The main refinancing rate stays at 0.75%, where it has been since July 2012.

Although the decision was widely expected, some analysts expect the ECB to cut rates in the coming months.

Mario Draghi, the president of the ECB, will hold a press conference later this afternoon to explain the decision.

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Nifty Future Daily View – Crucial Support at 5639 & Hurdle at 5710

Bulls-bears 1

Nifty Future

(Updated on 04.04.13 at 08.10 AM)

Yesterday written that below 5732

Nifty fut would dip up to 5700.

Nifty fut made low at 5666.40 and closed at 5688.

Market Direction for Today

Support at 5665-5651 for intraday.

If breaks below 5639 and not able to cross above 5677-5684

then see panic selloff again which may drag

Nifty fut lower up to 5614-5591-5565.

Strong Hurdle at 5690-5710.

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Todays Thought: How To Direct Your Inner Orchestra Well

 

Are You Directing Your Inner Orchestra Well?

Our inner orchestra is made up of different musical instruments. These instruments are our memories, desires, tendencies, mind, beliefs, emotions, feelings, fears, intuition, judgements, creativity, our imagination…  Who is the director of this orchestra? You. Who are you? You – the consciousness, you – the soul, you – the being. When you direct your inner orchestra well, you can remain unaffected by external influences. If you, the director of the orchestra, close your eyes for a few moments and cover up your ears, what happens to the orchestra? The music is not very harmonious or sweet; it is noisy, and you suffer. To make the orchestra play according to the inner voice of your being, according to your purest intentions and values, you simply have to be awake, alert and attentive, and listen with your heart, not with your physical heart but with the heart of your being.

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