Part 1 - Important Point from the book Self Discipline in 10 Days by Theodore Bryant

Hyde's five favorite poisons:

1)      Cynicism

2)      Negativism

3)      Defeatism

4)      Escapism

5)      Delayism

v  In using the self-talk technique, you need to state to your subconscious mind exactly what you want to be doing, as if you are actually already doing it.

v  In order to be effective, action-oriented self-talk must be Positive, Specific, and Present Tense.

v  Because we've spent much of our lives being disciplined by others, we seldom develop the necessary skills to discipline ourselves. Again, self-discipline is like a muscle; it needs be developed and exercised in order to be strong, to be available when we need it.

Interpreting Stocks - 10th June 2010

NIFTY EOD Analysis as on 10th June 2010

 Green candlestick with higher volume than yesterday showing buying pressure.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing +ve bias(+).
*EMA3 crosses above EMA13 (+).
Slope of EMA 13 is up.(+)

Answers for Yesterday
Bulls won the game aganist Bears today., It was all Bulls as the volumes are showing.

Questions
What's going to happen next? Let's wait and watch.

Interpreting Stocks - 9th June 2010

NIFTY EOD Analysis as on 9th June 2010

 Green candlestick with a long upper shadow and small lower shadow with almost same volumes as yesterday buying selling pressure.
CMF is showing +ve bias compared to yesterday(+).
Stochastics is showing -ve bias(-).
EMA3 is below EMA13 (-). EMA3 resistance at 5011(-). EMA 13 resistance at 5029(-).
Slope of EMA 13 is down.(-)

Answers for Yesterday
Bulls came in, but by the end, bears forced the prices to close near day's low/open. The market is moving in a rangebound way - Stochs is -ve. Unless Global Cues turn +ve we are going to see this sideways movement in days to come.

Questions
What's going to happen next? Let's wait and watch.

Interpreting Stocks - 8th June 2010

NIFTY EOD Analysis as on 8th June 2010

 Red candlestick with higher volumes than yesterday showing selling pressure.
CMF is showing -ve bias compared to yesterday(-).
Stochastics is showing +ve bias(-) and now it is in OS area.
*EMA3 is below EMA13 (+). EMA3 resistance at 5035(-). EMA 13 resistance at 5035(-).
Slope of EMA 13 is flat.(~)

Answers for Yesterday
Bears again had their day today with higher number of bears joning in. NIFTY made lower low and lower high today showing -ve bias. There is a support at 4950 level on weekly levels. So, let's see if the support is going to hold tomorrow.

Questions
What's going to happen next? Let's wait and watch.