Rising Window Calling....

Hi all,

Please find below a write up on what to talk to customers if they ask for the market crash.

Reasons for market crash

·         Markets crashed more on Global worries, ·         China PMI data comes lowest than 2009, Fed Rate hike looms ·         Around 4-5 Asian markets hitting 52 week lows ·         Greek PM resigns, Korea making war noises ·         Rupee hitting lower lows  

Markets going forward....What to do?

Traders – As stated earlier, markets trading below 8300 is not a good sign, however Nifty may find a support near 8180-8200-8220 range as lot of Technical Indicators like Retracements, Support & Resistances, Chart Patterns, etc are suggesting the same. However, it’s not a good time to take long positions for short term as there are no other confirmation n charts.

8185-8195 is a gap on daily charts so, If 8180 is broken on closing basis them it is almost certain that we are heading towards 8000-7900 again as that will be the target for the Triangle breakdown on Daily charts....

Investors - Best time for Long term investors in stocks and MF

Cheers

Hrishi

Markets in bad mood.....

Hi All,

Markets witnessed a heavy sell off today on account of Trade Fire between South and Korea.

Now key levels for short term can be 8300-8350, below these levels further downside can be expected till 8180-8200.

Short term bias remains up till the time 8300 is held and midterm bias is held till the time 7900-7940 levels are intact

Nifty forming a Symmetrical Triangle on daily charts. A close above 8621-8630 or a close below 8300 will decide the further course of action....

Cheers

The cockroach theory by Sundar Pichai . ! ! !

A beautiful speech by Sundar Pichai - an IIT-MIT Alumnus and Global Head Google Chrome: The cockroach theory for self development At a restaurant, a cockroach suddenly flew from somewhere and sat on a lady. She started screaming out of fear. With a panic stricken face and trembling voice,she started jumping, with both her hands desperately trying to get rid of the cockroach. Her reaction was contagious, as everyone in her group also got panick The lady finally managed to push the cockroach away but ...it landed on another lady in the group. Now, it was the turn of the other lady in the group to continue the drama. The waiter rushed forward to their rescue. In the relay of throwing, the cockroach next fell upon the waiter. The waiter stood firm, composed himself and observed the behavior of the cockroach on his shirt. When he was confident enough, he grabbed it with his fingers and threw it out of the restaurant. Sipping my coffee and watching the amusement, the antenna of my mind picked up a few thoughts and started wondering, was the cockroach responsible for their histrionic behavior. If so, then why was the waiter not disturbed? He handled it near to perfection, without any chaos. It is not the cockroach, but the inability of the ladies to handle the disturbance caused by the cockroach that disturbed the ladies. I realized that, it is not the shouting of my father or my boss or my wife that disturbs me, but it's my inability to handle the disturbances caused by their shouting that disturbs me. It's not the traffic jams on the road that disturbs me, but my inability to handle the disturbance caused by the traffic jam that disturbs me. More than the problem, it's my reaction to the problem that creates chaos in my life. Lessons learnt from the story: I understood, I should not react in life. I should always respond. The women reacted, whereas the waiter responded. Reactions are always instinctive whereas responses are always well thought of, just and right to save a situation from going out of hands, to avoid cracks in relationship, to avoid taking decisions in anger, anxiety, stress or hurry. A beautiful way to understand............LIFE.