Monday, June 21, 2010
NIFTY EOD Analysis as on 21st June 2010
Volume was low today, even though, NIFTY broke the resistance at 5300 level and closed above it.
EMA3>EMA13>EMA39.
Slope of EMA 13 is up.(+)
Since, volumes have been low today, inspite of the buoyant global markets, i think either we are going to see a consolidation or sideways kinda movement phase or we will go down from here(which is highly unlikely now).
Part 3 – Important Point from the book Self Discipline in 10 Days by Theodore Bryant
"I Can't Change" & Relaxation
Our behavior, emotions, intellect, and just about everything else about us, other than biological considerations, are the result of a series of choices.
2. We as individuals can reinvent ourselves by realizing that "I don't have to be who I was yesterday. Furthermore, I do not have to do what I did yesterday." By replacing negative self-talk with positive self-talk, and by using visualization to replace undesirable subconscious messages with desirable conscious messages, you will find yourself enjoying the many fruits of self-discipline.
3. While a positive attitude can create positive actions, the reverse is also true. Positive actions can create a positive attitude. They feed and support each other.
4. Good luck happens when preparation meets opportunity.
5. Power Tool: Relaxation
a) Armed with why, you can work out a quick deal with Hyde to relax the inner conflict that occurs when a part of you wants to do something that another part of you does not want to do.
b) Ask yourself the "Why" questions: "Why do I want to eat something instead of writing this report?" "Why do I want to watch mindless television right now?" "Why do I think that filling out this form will be so painful?" "Why am I responding this way?" And although the specific questions that you ask yourself will change according to the task you are facing, the nature of the questions will remain the same. You will need to ask yourself "Why" questions.
c) Whenever you find yourself beginning to avoid a task that needs to be done, the situation calls for relaxation. Regardless of the nature of the task, whether you are about to write a report or start a cleaning project, a systematic relaxation effort will move you toward self-discipline.
d) Whenever you feel Hyde pulling you away from the task you want to do, take two or three minutes to go through the following steps. The more you do it, the faster and easier it becomes.
i. Take a few deep breaths, slow your breathing, and say to yourself, "I am completely relaxed." It doesn't really matter whether you are standing, sitting, or lying down. Simply try to be as physically comfortable as the situation will allow.
ii. Then as you continue to slow your breathing say to your-self: "I am tightening my forehead, then relaxing it. I am tightening all my facial muscles, then relaxing them. I am tightening my jaw, then relaxing it. I am tightening my neck muscles, then relaxing them." Continue to go through your major muscle groups (shoulders, arms, hands, back, stomach, etc.) first tightening then relaxing them.
iii. Take a minute to really give your body a chance to feel relaxed. Control your breathing. Use your self-talk to support your physical relaxation. Use visualization to see yourself easily doing the task that is at hand.
iv. Quickly ask and answer a few "Why" questions. Listen to what Hyde is saying to you. Become aware of how Hyde is trying to trick you into avoiding the task. Then counteract Hyde's influence by telling yourself the other side of the story. Be convincing, be forceful, but be relaxed. Focus on a specific immediate reward for completing the task. Use visualization, self-talk, or any other tools that feel useful.
v. Begin to take a small action step toward the task. As you get closer to the room, table, tools, or wherever you need to be to start the task, continue to control your breathing and physical state. Remind your muscles to relax. Every time you feel or hear an avoidance message from Hyde, use your self-discipline tools and techniques to replace that message with a flood of self-discipline messages. Pour it on thick.
vi. Actually start the first step of your task. Once again, remind yourself to relax. Control your breathing. And, I repeat, every time you feel or hear an avoidance message from Hyde, use your self-discipline tools and techniques to replace that message with a flood of self-discipline messages.
Part 2 – Important Point from the book Self Discipline in 10 Days by Theodore Bryant
Understanding Subconscious Belief Systems
1. To improve your self-discipline you need to shift your self-defeating beliefs from your subconscious into your conscious. Then and only then can you effectively deal with them.
2. Self-discipline problems occur when people don't apply the appropriate tools that work best at a particular stage.
3. The main four stages of the self-discipline process are:
a) Decision to act
b) Preparation
c) Action
d) Completion/Maintenance
4. If you pay proper attention to the Decision Stage and the Preparation Stage, you maximize your chances of success at the Action Stage and the Completion/Maintenance Stage.
"All or Nothing" & Visualization
1. The prevalent but irrational "All or Nothing" attitude is what keeps gambling houses worldwide pulling in billions. The "All or Nothing" gambler always ends up with NOTHING.
2. Power Tool: Visualization - All of your actions and non-actions are directed by the mental images that you create about your chosen goal or project. When you choose a goal or project, your mental images will either support your efforts or oppose your efforts.
3. Visualization is self-talk in Hyde's favorite language. So to offset Hyde's negative influences. You need to replace Hyde's self-defeating mental images with supportive mental images. When you choose a project or goal, you can also choose mental images that make you less susceptible to Hyde's resistances while simultaneously programming your subconscious mind to motivate you and magnify your powers of perseverance.
4. Consciously create vivid mental movies that involve your senses. Let's say that your goal is to start rising an hour earlier to exercise. Then every day for a week or two before you rise earlier for the first time, visualize yourself doing it. Hear the alarm. See yourself stretching and rising. Smell the morning. Then see yourself doing specific exercises.
5. Practice visualization every day for a week before you go into the action stage of your project.
6. Visualization prior to action will firm up your commitment, increase your confidence, validate your ability, motivate you, and most important, it will reduce Hyde's influence.
7. Visualization works best when you visualize all the specifics of the activity you want to do. In your mind: see, hear, smell, taste, and touch the location, clothes, room, temperature, details, etc. Make it real. The more you practice visualization the easier it will become. So, mentally, many times a day, for a few seconds, use visualization to experience yourself doing what you want to do. Visualization is quick, easy, and remarkably effective.
"I Must Be Perfect" & Reward Systems
1. Perfectionism weakens perseverance. And perseverance produces more achievements than talent, smarts, or luck. Indeed, the path to accomplishment lies in perseverance.
2. Power Tool: Reward Systems - Rewards are the easiest, most effective psychological motivators available to get you started and keep you going until you complete your projects.
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