But on saturday while going back home i saw all petrol pumps jam packed with people wanting to fill. Out of the blue a thought came in my mind and i tried to do some simple mathematics. Average tank capacity of small, mid range vehicles is 30-45 liters. So if on 14th night your tank was near empty and you filled it 100% the total petrol you purchased must have been 35 liters, a price hike of Rs 5 saves you Rs 175. Now against a saving of 175 what you had to undergo,
1) Standing in the lines for average 1.5 hrs
2) Switching on your ignition (average 50 times)
3) And some let the engine running to enjoy the AC
Overall i found that this was a herd mentality rather than real logical thinking.
Happy Trading.
Techncial Views - Equities 16th May 2011
NSE NIFTY1
TREND : The See Saw movement is just continuing. Neither 5605 nor 5515 is decisively breaking. Both levels are strong but at this stage to avoid whipsaws we would like to take positions only on the break of 5440 - 5630. The chart pattern is suggesting the downfall to continue, so we suggest the aggressive traders to start building shorts below 5515 also. The trading range is getting tighter so we expect a good move this week
SIGNAL : Start using TDI - BS signals for today's trading. We expect 1 or 2 whipsaws but this is an investment for a bigger move.
NSE BANKNIFTY1
TREND : Buyside positions only above 11250 and that too for small targets. On the lower side trades below 11000 can be used for shorts again for small targets. Confirmed breakdown happens below 10700
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits.
TREND : The See Saw movement is just continuing. Neither 5605 nor 5515 is decisively breaking. Both levels are strong but at this stage to avoid whipsaws we would like to take positions only on the break of 5440 - 5630. The chart pattern is suggesting the downfall to continue, so we suggest the aggressive traders to start building shorts below 5515 also. The trading range is getting tighter so we expect a good move this week
SIGNAL : Start using TDI - BS signals for today's trading. We expect 1 or 2 whipsaws but this is an investment for a bigger move.
NSE BANKNIFTY1
TREND : Buyside positions only above 11250 and that too for small targets. On the lower side trades below 11000 can be used for shorts again for small targets. Confirmed breakdown happens below 10700
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits.
NSE CNXIT1
TREND : Trades can be done on the break of the range of 6540 - 6685. Confirmed breakdown happens below 6450.
SIGNAL : Both buy and sell signals of TDI - BS can be used for the day to make profits.
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Please follow us on twitter @topdataindia
For a free demo of our TDI BS signals and other products please contact
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1 comment:
Next time nobody should vote for congress government.I don't know why this congress govt doing a lot of corruption activities.Every congress person is looking for money by doing llegal activities /works.At first Sonia Gandhi sorry sonia should be deputed to italy.Then india will become powerful country.Petrol price are increasing month by month,They thought that next time their govenment won't come,so,they have decided to make the money now onwards.Human being who born will never take the money back after his death.I don't know why people are depending more on money .They should decrease the petrol prices,then only every human being will be able to survive in this conuntry
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