Why this blog and Who am I

I just had this itch today to write a few lines on why I started out with this blog. The post would cover a little background on my personal life as well as two are interlinked.

As a kid, I was always fascinated with big cars and bikes, always drooling over them and wondering when I would be able to lay my hands on them. I thought my education would prepare me for my employment which then would let me have anything I wanted. Since, I was not very studious type I did get to go to the revered B schools and hence ended with mediocre job paying me average salary.

Suddenly i realised that all the dreams I had would not be fulfilled incase I went ahead going the drab job being part of the rat race. And then in year 2007 I went ahead and invested in the biggest of booms in Indian stock market. Since everything was going up, I made some profits and being a novice, this was one of the greatest joys I had found. As it meant that I could not go in for whatever machine I wanted.

You see, my target still was my big cars and bikes. But then 2008 came and all went downhill, my investments. The down they went the more I invested, not knowing a penny about the markets.

After having this life changing experience pretty early into my life in the markets, I was determined to find out what exactly are markets? And then I started educating myself on internet, paying for the best of the resources I found over time had been proved correct and right time and again. In that journey which started with understand the fundamentals, then to technicals as well to become and prepare what I would call an investor and trader as well... Over the years I have become adept myself at being able to understand whats happening around the world and what actions to take accordingly.

Since then I have been trading my own money in an effort to be financially free. There is the change here in my approach to markets... I want to be financially free rather than just gun for some petty 4 wheels... Being able to pass on to my coming generations and other souls who want to be a learner of markets will be a venture worth working for...

Indian Markets - What Ahead

Predicting the markets is not recommended to anyone and I follow the same rule. However, one should know whats happening at the moment and need to act accordingly.

Let me present a few points as TA

1. The beaten down infrastructure sector in India has rallied big time during this week
2. The sectors off lately which had shown gains like IT and FMCG have started correcting
3. Even the banking stocks are showing some improvement in prices indicating buyers are willing to pay higher prices
4. Nifty the index is holding above 4800 for the time being with the larger TF in favor of move upwards but on daily its little overbought so may go sideways correction

Thus the conclusion may be that the sectors that were beaten down are coming into favor with the traders and speculators with the others like IT and FMCG due for a correction now.

For going long we now know which way to go.

Nifty and Scrips Status Check

TF	Trend indicator	Lead indicator	Candlestick	Conclusion
Daily	Mild sell has turned into a buy	Given a buy after turning up now at 35	Very strong candle and finish. Has closed above 8/13ema as well. 712 was last swing high and 720 is the 200dema.	Look to sell out either at 711 or 719.  Double bottom is confirmed for the scrip
Weekly	Sell but lowering histograms	Buy at 19	Closed at 100ema supports which comes in at 658. Possible double bottom on cards	Low risk set up.
Monthly	Sell	Sell	Looks like more downside is likely

NIFTY

TF	Trend indicator	Lead indicator	Candlestick	Conclusion
Daily	Today produced higher histogram	Overbought and gave a sell but today turned into buy	Gap up after Doji made as inside day. Was almost a marubozu day. This breakout above 4800 came with higher volumes	Longs taken with stop loss as 4820.
Weekly	Sell but now possible but in the making	Buy after turning up from oversold conditions at 19	Prices are consolidating around 200ema. 4786  is the immediate resistance	Good set up for longs but need to wait
Monthly	Sell	Sell and Oversold reached 16 levels	Possible bullish harami on monthly charts. Upmove can happen until 4970	Downside looks limited as long as harami pattern is in the making

TATA MOTORS

TF	Trend indicator	Lead indicator	Candlestick	Conclusion
Daily	Buy but lower histogram	Overbought and now in mild sell	206 is proving to be a resistance and seems to be short term high. Could not close above 206.	Wait for longs. Can come down till 193
Weekly	Buy	Buy at 68	After Very big and strong candle. Fast rise setup may lead to extra gains. Made a new weekly high. Make go sideways to down.	Need to see if weekly overcomes the overbought conditions on daily. Weekly looks like turning down as well.
Monthly	Sell but turning up	Buy	208 remains short term resistance.	Wait

INFOSYS

TF	Trend indicator	Lead indicator	Candlestick	Conclusion
Daily	Rolling down at 7.45	Sell turned into mild buy	Correcting sideways	Wait for longs
Weekly	Buy	Buy at 69 but may be rolling down	Higher high and higher low. Not able to clear last weeks high	Wait for longs
Monthly	Sell but turning up	Buy but turning down	2887 and 2742 are the breakout or breakdown levels, triangle in the making.	Wait

HINDUSTAN UNILVER

TF	Trend indicator	Lead indicator	Candlestick	Conclusion
Daily	Sell but may be turning up with lower histograms	Sell and reaching oversold zone &after mild buy gave mild sell	Inconclusive & correcting sideways since last 4 days	Wait for a day
Weekly	Buy but rolling down and near a sell	Overbought and sell	Correction going on. Holding on to last weeks low	Wait for longs
Monthly	Buy	Sell	Correction after monthly doji	Wait

GVKPIL 

TF	Trend indicator	Lead indicator	Candlestick	Conclusion
Daily	Buy mode	Overbought	Strong marubozu candle at 13.45. 100ema at 13.89. has closed above 100ema at 14.	Wait, can present very good setup for longs
Weekly	Just given buy at 0.48	Turned up in buy mode at 42	Marubozu candles on weekly with higher high and higher low and accompanied with higher volumes	Good for longs
Monthly	Sell but with lower histograms	Buy but at 5.76	Bullish harami on monthly	Marubozu on monthly strong with big volumes