17-10-14 DAY PERFORMANCE: IS NIFTY PARADOXED ON .......

DAY PERFORMANCE:

Today Nifty taken support from 7720 level as we mentioned in our morning note.   Bank Nifty and CNX Nifty put together come for support and beaten away the IT sector bearishness.  As usual who ever followed only technical charts might have lost the way and put them selves under pressure.  Obviously bears or who ever carrying shorts from last 1 week might have covered their positions in view of week end.  But only thing we have to watch, whether our Nifty is become Paradox on US & Europe Market again?  If we observe from last couple days Market influence shifted to PEER Market from MODI Mania.

Any how as some body saying in media; we need not to worry about the correction and only we should be ready with Shopping Basket!

DAY TRADING CALLS: By expecting this kind of pull back / short coverage, we have asked our people to go with Options and hope most of the people might have enjoyed.

INTERESTING STORY: (RELATE TO our DAY TRADING activity AND TRY TO ADOPT)
(contribution by Mr. T R Rao)

Put a frog in a vessel of water and start heating the water.

As the temperature of the water rises, the frog is able to adjust its body temperature accordingly.

The frog keeps on adjusting with increase in temperature...

Just when the water is about to reach boiling point, the frog is not able to adjust anymore...

At that point the frog decides to jump out...

The frog tries to jump but is unable to do so, because it has lost all its strength in adjusting with the rising water temperature...

Very soon the frog dies.

What killed the frog?

Many of us would say the boiling water...

But the truth is what killed the frog was its own inability to decide when it had to jump out.

We all need to adjust with people and situations, but we need to be sure when we need to adjust and when we need to confront/face.

There are times when we need to face the situation and take the appropriate action...

If we allow people to exploit us physically, mentally, emotionally or financially, they will continue to do so...

We have to decide when to jump.

Let us jump while we still have the strength.