We are in trouble

As promised, I am writing a catch up post. Before I go about it, I am little overwhelmed by your good wishes in large numbers. I am really thankful to all the readers. Many of you have asked different questions about the this new business and all. I am little short on time and the whole business is still in nascent stage and I am also not fully sure what shape it will take by the time it is fully functional. So I will answer all those at an opportune time. But rest assured that this blog is not affected in any way due to it.

As I suspected I am short on practice and data updation for my charting software is taking lot of time. However, what I saw online on some charts, indicates that we may be in trouble, at least in the short to medium term. I need to confirm that with detailed charts, supports and resistances, moving averages and all. I will try and put that post today itself if everything goes well otherwise please bear another day with me.

Thanks for your wishes again and see you very very soon.

No Budget Post

You are not going to believe it but I have not seen Rail Budget or General Budget this time so there is no question of its analysis. Honestly, by the time I analyse it and post something, it will be a goner event and non-consequential really.

These days I am busy setting up a business and it is taking too much time and energy. Those of you who have started something on their own will know that initial days of a venture are really crazy. You got to do everything from the place, furniture, computers, printers, stationary, network, lights, water and what not all by yourself. This is off course apart from the business model itself. Well, I will leave all this cribbing for some other day... in fact will want to write all about it someday.

For now, good news is that I have decided that I need to diversify my thinking a bit and detach myself from this business for couple days to get fresh and recover mentally. And what best way for that than to get back to this blog and to all of you. It may not happen immediately or during the weekend but may be sometime next week... am counting on Monday, Tuesday. Lets see.

Will make an effort to recap market movements for the time I have been missing here and will try to set a expected move from here on. I may be little out of touch when I do that so advance apologies. Will like to know if you have any budget comments from your side though.

'Just Like That'

Hey Guys,

I am back... 'just like that'. There are many things to share as to where I been, what was I doing and what are future plans, etc. All those things can wait as I actually had a look at the charts today after a longggggg gap. Not many charts and not many indicators; just NIFTY.

To cut the long story short, on a daily chart NIFTY is in trouble. On a weekly basis however we have some margin before all hell breaks loose. Lets just hope that NIFTY doesn't breach 5950 on a weekly closing basis (if you are a Bull of course).

I am terribly out of practice so am not posting any charts today. Hope to do that soon.

I most sincerely apologize for taking off 'just like that' but I sure am happy to come back 'just like that'. Please forgive me 'just like that'. It can and will only get better from here.