Nifty - Support and Resistance on weekly charts!

Ok, so Indian cricket team lost badly to Aussies and Nifty crashed in remorse! Is it pure coincidence or there is more to what meet the eyes? Pls remember that the world is flat and world of money and liquidity is even flatter!!

You will be surprised to know that there was a statistical study carried out between Indian cricket team performance on a big match day and Nifty performance on the same day, and it was concluded that Nifty ends on a positive note whenever Indian team wins their big matches!

Time to sell Eveready Industries and book profits.

Dear Readers,

This is a probably a good time to book profits in Eveready Industries for those who hold the stock from long time, or those who have bought the same in a momentum driven rally from last year.

The charts are cracking now, and stock reached a nice high of 291 Rs and is trading at Rs 269 today. Candles on daily charts are clearly losing momentum now. In a quick panic, when short term and medium term investors exit, the stock can easily lose 50 Rs from here and land at Rs 220-240 in a day or two of panic selling.

This high-school dropout built a $1 billion business selling phones nobody wanted!

Sometimes, I read these stories and get really inspired. This is so amazing that youngsters are finding newer things to do, are creative and brash and rack up a billion dollar business in no time. We are probably living in blessed times!!

Do read this startup tale and comment: