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11/29/13

Evening wrap 29 November 2013 ( Article is must read) - karan.luhana@gmail.com - Gmail

Quote of the day: Good judgement comes from experience. However, experience comes from Poor Judgement!!

Closing:
@ 4:00 #Sensex: 20791.93 +257.02 +1.25% #Nifty: 6176.10 +84.25 +1.38% #IndiaVix: 21.38 +0.67 +3.23% Nifty #PCR: 1.15

@5.00 NSE #Currency Dec Futures - Closing #USDINR: 62.9200 +0.12% #EURINR: 85.6200 +0.25%
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11/29/13

Evening wrap 29 November 2013 ( Article is must read) - karan.luhana@gmail.com - Gmail

#GBPINR: 102.7150 +0.06% #JPYINR: 61.4825 +0.02%

NIFTY UPDATE:October is 2nd worst month on an average,what they did now +9.8% December is best month on an average,what they will do

Nifty is near MONTHLY resistance of 6240. Breaking it will lead to "Mother of Bullish Rally" One can short near 6240 with small SL. Remember we are bullish and charts too are bullish. This recommendation is for Small risk high reward.

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11/29/13

Evening wrap 29 November 2013 ( Article is must read) - karan.luhana@gmail.com - Gmail

Chart of the day: Infosys has shown good momentum on bullish side today in charts. Above 3376 (half an hour closing) it may be extremely bullish.

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11/29/13

Evening wrap 29 November 2013 ( Article is must read) - karan.luhana@gmail.com - Gmail

Event of the day:

September Quarter #GDP @ 4.80% better than expected...

Fact of the day:

Fortune magazine published an article titled "10 Stocks To Last the Decade" in August, 2000. By December 2012, the portfolio had lost 74.3% of its value,
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11/29/13

Evening wrap 29 November 2013 ( Article is must read) - karan.luhana@gmail.com - Gmail

according to analyst Barry Ritholtz.


Tip of the Day:

If you want to increase your bottom line over a period of time, long term investments in large cap stocks should be a priority
Article of the day: We have grown up being told Lakshmi (goddess of wealth) and Saraswati (goddess of knowledge) always fight and avoid staying in the same place. This is based on the observation that rich businessmen tend to be uneducated (both Bill Gates and Steve Jobs were college dropouts, we are repeatedly told) and educated people tend to be poor (the eternally groaning and abused middle class). This is also based on the assumption that Saraswati is the goddess of education, learning and training. This understanding of Saraswati is rather pedestrian, and lacks insight. The word Saraswati stems from the Sanskrit root saras which means that which is fluid and can be either contained in a lake (sarovar) and made to flow as in a river (sarita). It refers to imagination, the one faculty that separates man from beasts. Yes, one can argue, dolphins do imagine, as do apes but nothing in the human scale. Human imagination is what enables humans to envisage future problems, hence innovate, invent, and most critically pass on learning from one generation to another, a trait not seen in any other animal. Every human generation thrives by taking advantage of knowledge gained in the past. So there is continuous skill and knowledge upgradation in the human species which accounts for human civilization. One generation discovered how to control fire, another discovered how to control plants hence invented agriculture, another discovered the wheel, another discovered electricity, another the microchip and these have changed how we live. We may have the same genetic structure as our ancestors a hundred thousand years ago, but we live very different lifestyles, all thanks to imagination. If there was no imagination, we would never have a hypothesis and hence would never reach a thesis. Inherited wealth and lottery are the only cases where Lakshmi comes without Saraswati. A rich uncle dies and leaves behind a fortune for us. This is luck. We win in a casino. That is luck. We can call it the result of some past life karma or the grace of God. But in all other cases, we need Saraswati to get Lakshmi. Saraswati is all kinds of knowledge and skills. The better knowledge you have, the better skills you have, the more likelihood of you generating wealth. So the farmer grows food because he knows how to farm. A craftsman creates valuable products because he has knowledge of a craft. Saraswati is needed not just to generate wealth but also to retain wealth. So unless the farmer and the craftsmen have business acumen, they lose their generated wealth. They need to have knowledge of marketing and sales. They need to develop financial skills or have the knowledge of partnering with people with financial skills. A trader needs Saraswati, a banker needs Saraswati, even a housewife needs Saraswati the knowledge and skill to distribute her money to satisfy all household needs and wants, both short term and long term. We narrow Saraswati to knowledge received in schools. But until the British came to India we did not have schools in the modern sense of the term. We functioned using the apprentice model. The potter passed on Saraswati of pottery to his sons, the mother passed on Saraswati of cooking to her daughters. The better the Saraswati, the more successful the potter and the housewife. Saraswati thus has many forms knowledge and skills that we can pass on through schooling and apprenticeship is the most prominent of them. But the one form of Saraswati that cannot be passed on is wisdom. Wisdom cannot be inherited or bequeathed. It has to be generated through reflection or tapasya. Absence of wisdom is evident when Lakshmi comes, and we dont value Saraswati as much. We feel we have magically generated wealth and it will stay with us magically. Someone who is truly a student of Saraswati will know that fortunes are never permanent and we have to work towards preparing for future crises. A famous software company was so busy harvesting wealth from the market focussing on compliance that it did not bother to create a talent pipeline and so naturally faced a leadership crises when market conditions changed. A case of assuming there is a limit to Saraswati.

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11/29/13

Evening wrap 29 November 2013 ( Article is must read) - karan.luhana@gmail.com - Gmail

In fortune we dont trust home grown knowledge and believe knowledge exists only in formal schools and colleges, a common problem seen in small and medium sized family businesses across India who are sending their children to Europe and America to earn business degrees and find that the children either do not want to return home, or look down upon their family business (not fortune) as full of terrible practices. They reject family brick and mortar businesses and seek opportunities in the safe international world of the internet. There is a folk adage: in good times Lakshmi walks towards us and Saraswati moves away from us while in bad times Saraswati walks towards us and Lakshmi moves away from us. The trick is to focus on Saraswati at both times. In boom times, she teaches us how to ensure sustainable growth. In bust time, she teaches us how to reverse our situation and make our way from misfortune towards fortune. Lakshmi or no Lakshmi, we always need Saraswati if we wish to survive or thrive.

This Applies in STOCK MARKET too.


For INTRADAY trader: Serving more than 500 clients & trading for so long i observed that the day you make profit(lakshmi) in the beginning due to luck or Saraswati ( Knowledge ) same day you make big loss as we don't value Saraswati then. If you are knew trader you spend lot of time in getting knowledge (saraswati). You trade slowly gradually and make some money and once you make money. You spend more time in checking ledger and boosting yourself socially and focus on lakshmi- not saraswati. And then everybody knows what happens. Once you lose some money again you focus on saraswati. You gain lakshmi. Again you lose saraswati again you lose money (Lakshmi).and finally you are left with only

SARASWATI (i.e Knowledge - "Nobody earns in stock market. I will quit- I will never look at stock market").

For Positional traders: Positional trader mostly make money(lakshmi) more than intraday traders as they already have Saraswati (Nobody earns in gambling but investing). If they lose Saraswati in resorts towards intraday they too loose Lakshmi.

CONCLUSION: If you keep analyzing your self to balance both Lakshmi and Saraswati. If you keep learning from your mistakes to do better. You will earn in Intraday also Disclaimer: The calls given here are just for informational purpose and report contains only the viewpoint. We make no representation or warranty regarding the correctness, accuracy or completeness of any information and is not responsible for the information received from the sources, which is beleived to be reliable. Neither me or company are responsible for the loss or profit arising to the trader due to this information.This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. If you have received this email in error please notify us. Please note that any views or opinions presented in this email are solely those of the author and do not necessarily represent those of the company. Finally, the recipient should check this email and any attachments for the presence of viruses. The company accepts no liability for any damage caused by any virus transmitted by this email.

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