NIFTY 50 future TRENDS
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The Anger-eating Demon
Retold from an ancient Buddhist Story, by Nyanaponika Thera
Once there lived a demon who had a peculiar diet: he fed on the anger of others. And as his feeding ground was the human world, there was no lack of food for him. He found it quite easy to provoke a family quarrel, or national and racial hatred. Even to stir up a war was not very difficult for him. And whenever he succeeded in causing a war, he could properly gorge himself without much further effort; because once a war starts, hate multiplies by its own momentum and affects even normally friendly people. So the demon's food supply became so rich that he sometimes had to restrain himself from over-eating, being content with nibbling just a small piece of resentment found close-by.
But as it often happens with successful people, he became rather overbearing and one day when feeling bored he thought: "Shouldn't I try it with the gods?" On reflection he chose the Heaven of the Thirty-three Deities, ruled by Sakka, Lord of Gods. He knew that only a few of these gods had entirely eliminated the fetters of ill-will and aversion, though they were far above petty and selfish quarrels. So by magic power he transferred himself to that heavenly realm and was lucky enough to come at a time when Sakka the Divine King was absent. There was none in the large audience hall and without much ado the demon seated himself on Sakka's empty throne, waiting quietly for things to happen, which he hoped would bring him a good feed. Soon some of the gods came to the hall and first they could hardly believe their own divine eyes when they saw that ugly demon sitting on the throne, squat and grinning. Having recovered from their shock, they started to shout and lament: "Oh you ugly demon, how can you dare to sit on the throne of our Lord? What utter cheekiness! What a crime! you should be thrown headlong into the hell and straight into a boiling cauldron! You should be quartered alive! Begone! Begone!"
But while the gods were growing more and more angry, the demon was quite pleased because from moment to moment he grew in size, in strength and in power. The anger he absorbed into his system started to ooze from his body as a smoky red-glowing mist. This evil aura kept the gods at a distance and their radiance was dimmed.
Suddenly a bright glow appeared at the other end of the hall and it grew into a dazzling light from which Sakka emerged, the King of Gods. He who had firmly entered the undeflectible Stream that leads Nibbana-wards, was unshaken by what he saw. The smoke-screen created by the gods' anger parted when he slowly and politely approached the usurper of his throne. "Welcome, friend! Please remain seated. I can take another chair. May I offer you the drink of hospitality? Our Amrita is not bad this year. Or do you prefer a stronger brew, the vedic Soma?"
While Sakka spoke these friendly words, the demon rapidly shrank to a diminutive size and finally disappeared, trailing behind a whiff of malodorous smoke which likewise soon dissolved.
Retold from an ancient Buddhist Story, by Nyanaponika Thera
Once there lived a demon who had a peculiar diet: he fed on the anger of others. And as his feeding ground was the human world, there was no lack of food for him. He found it quite easy to provoke a family quarrel, or national and racial hatred. Even to stir up a war was not very difficult for him. And whenever he succeeded in causing a war, he could properly gorge himself without much further effort; because once a war starts, hate multiplies by its own momentum and affects even normally friendly people. So the demon's food supply became so rich that he sometimes had to restrain himself from over-eating, being content with nibbling just a small piece of resentment found close-by.
But as it often happens with successful people, he became rather overbearing and one day when feeling bored he thought: "Shouldn't I try it with the gods?" On reflection he chose the Heaven of the Thirty-three Deities, ruled by Sakka, Lord of Gods. He knew that only a few of these gods had entirely eliminated the fetters of ill-will and aversion, though they were far above petty and selfish quarrels. So by magic power he transferred himself to that heavenly realm and was lucky enough to come at a time when Sakka the Divine King was absent. There was none in the large audience hall and without much ado the demon seated himself on Sakka's empty throne, waiting quietly for things to happen, which he hoped would bring him a good feed. Soon some of the gods came to the hall and first they could hardly believe their own divine eyes when they saw that ugly demon sitting on the throne, squat and grinning. Having recovered from their shock, they started to shout and lament: "Oh you ugly demon, how can you dare to sit on the throne of our Lord? What utter cheekiness! What a crime! you should be thrown headlong into the hell and straight into a boiling cauldron! You should be quartered alive! Begone! Begone!"
But while the gods were growing more and more angry, the demon was quite pleased because from moment to moment he grew in size, in strength and in power. The anger he absorbed into his system started to ooze from his body as a smoky red-glowing mist. This evil aura kept the gods at a distance and their radiance was dimmed.
Suddenly a bright glow appeared at the other end of the hall and it grew into a dazzling light from which Sakka emerged, the King of Gods. He who had firmly entered the undeflectible Stream that leads Nibbana-wards, was unshaken by what he saw. The smoke-screen created by the gods' anger parted when he slowly and politely approached the usurper of his throne. "Welcome, friend! Please remain seated. I can take another chair. May I offer you the drink of hospitality? Our Amrita is not bad this year. Or do you prefer a stronger brew, the vedic Soma?"
While Sakka spoke these friendly words, the demon rapidly shrank to a diminutive size and finally disappeared, trailing behind a whiff of malodorous smoke which likewise soon dissolved.
Double bottom at 4920. The breakout would be 5050 (approx) Spot.
If Nifty Spot breaks 5050 then expect 4920+(5050-4920)=5050+130=5180
which would be approx 5200+ levels for NF
Enjoy ....
Also remember Sept is MF Quarterly NAV price month
So expect some doses of Steroids to Nifty inbetween the downmoves :lol:
If Nifty Spot breaks 5050 then expect 4920+(5050-4920)=5050+130=5180
which would be approx 5200+ levels for NF
Enjoy ....
Also remember Sept is MF Quarterly NAV price month
So expect some doses of Steroids to Nifty inbetween the downmoves :lol:
And..
How about this one?
Inverted H&S on daily
Is this Correct??:! :sos:
Yes the double bottom - yes BUT inverted HnS .. I am unsure in Nifty BUT check the Big Daddy of Nifty - RELIANCE
And yes .. a rise in Oil will make sure of the increase of Big Daddy's profitability .. so expect a b/o with a 130 pointer upmove !!!!
And yes .. a rise in Oil will make sure of the increase of Big Daddy's profitability .. so expect a b/o with a 130 pointer upmove !!!!
Pls clarify or post a chart
For those that are following oil in relation to Reliance, and then, in turn, believes Reliance is going to have that big daddy pull on Nifty, here's a little update on oil:
There is going to be very strong R at the top of the weekly cloud at 92.60. That should be means for at least a sharp reversal. It is not certain if it contains or if it is temporary, as there are mixed signals on the monthly and weekly charts.
Here's the weeklies which indicates after last week's move, 92.60 will not be hit next week:
93.89
91.29
89.73
86.65
85.14
-82.45
There is going to be very strong R at the top of the weekly cloud at 92.60. That should be means for at least a sharp reversal. It is not certain if it contains or if it is temporary, as there are mixed signals on the monthly and weekly charts.
Here's the weeklies which indicates after last week's move, 92.60 will not be hit next week:
93.89
91.29
89.73
86.65
85.14
-82.45
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