Crude Views!!!

Gold Views!!!

An Ode To Democracy !!!

Democracy will not come

Today, this year

Nor ever

Through compromise and fear.



I have as much right

As the other fellow has

To stand

On my two feet

And own the land.



I tire so of hearing people say,

Let things take their course.

Tomorrow is another day.

I do not need my freedom when I'm dead.

I cannot live on tomorrow's bread.



Freedom

Is a strong seed

Planted

In a great need.



I live here, too.

I want freedom

Just as you.



Langston Hughes

Well the biggest exercise in Democracy comes to an end and here are a few statistics;

Well done India!!!

%age NSE Stocks Above Their 20/50/200 MA's!!!

Bse Sectoral WOW Gains and Relative Strength!

Week On Week Percentage Gain Chart;

Week On Week Relative Strength Chart;

Weekend Views On Nifty!!!

The Fed not only put the banks to stress tests but it stressed out the Bulls too! Everybody wanted to be cautious and not wanting to be caught on the wrong side so it just made sense to take some money off the table and travel light.

The Nifty chart below shows that price is approaching a confluence of fib resistances; the are shaded in the red is 38.2/50 and 61.8% fibs drawn from the swing highs A,B, C respectively to the swing low D. This band is also the historic resistance turned support turned resistance zone (see green ellipses)! The Bulls have been brave; they have even got to the 200 MA on the weekly. As of now weekly resistances are at 3770/3820 and supports at 3500!

Moving on to the daily chart we have a nice uptrend line. Negative divergence is their but I would say it gets confirmed on the break of the TL and the failure to hold on to the previous peak as marked on the chart. There is also a crossover of the 20 and 200 MA to the upside and this point of crossover at 3410/15 is a good support. Btw the MA’s are in a perfect alignment; with the 20 above the 50 and both rising upwards and the 200 in a nice horizontal position to provide support! I guess we have to just o be content with intraday corrections and be careful with our longs! No sure signs of positional shorts yet.

If; By Rudyard Kipling!!!

If you can keep your head when all about you

Are losing theirs and blaming it on you;

If you can trust yourself when all men doubt you,

But make allowance for their doubting too;

If you can wait and not be tired by waiting,

Or, being lied about, don't deal in lies,

Or, being hated, don't give way to hating,

And yet don't look too good, nor talk too wise;
If you can dream - and not make dreams your master;

If you can think - and not make thoughts your aim;

If you can meet with triumph and disaster

And treat those two imposters just the same;

If you can bear to hear the truth you've spoken

Twisted by knaves to make a trap for fools,

Or watch the things you gave your life to broken,

And stoop and build 'em up with wornout tools;
If you can make one heap of all your winnings

And risk it on one turn of pitch-and-toss,

And lose, and start again at your beginnings

And never breath a word about your loss;

If you can force your heart and nerve and sinew

To serve your turn long after they are gone,

And so hold on when there is nothing in you

Except the Will which says to them: "Hold on";
If you can talk with crowds and keep your virtue,

Or walk with kings - nor lose the common touch;

If neither foes nor loving friends can hurt you;

If all men count with you, but none too much;

If you can fill the unforgiving minute

With sixty seconds' worth of distance run -

Yours is the Earth and everything that's in it,

And - which is more - you'll be a Man my son!
By Rudyard Kipling.