How to be the 1% who Realise their Original Dreams Only 1% of you may go on to fulfil your aspiration of becoming a CEO of a large company or leading a successful startup! 90% of you are not likely to get anywhere close to your aspirations and ambitions even 25 years from now!”  I was speaking to a packed hall of bright youngsters from top B-schools. A pall of silence descended on the room.  “You worked very hard to get here. However, do you still have that passion, drive, dreams, determination and a huge appetite to learn what brought you here? Or did you dump it to focus instead on shortcuts like how to “network” and changed your life goals to simply land the best job in campus?”  I could see some nods in the room. In my experience, only 1% of us are able to realise our original dreams despite the rest being just as capable. To get to your dreams you need to learn to create magic “outside the boundaries of logic and reason” and not be trapped within. So how does one do that? Let me share with you three ideas that have worked for me.  The first is to embrace your uniqueness.  Think about it. What is that one thing which you have and which no one else in the world has? I believe the answer is, “you”. So why try hard to ape others and be like someone else? In that attitude alone we lose our uniqueness and our ability to create magic.  There was once a boy who was born without a right arm. When he grew up he learnt karate and soon wanted to compete in a tournament. His master said he could and taught the boy one single move.  The boy won the first round of the tournament and then the next round and the one after that until he found himself winning the entire tournament. Baffled, he asked his master how he did it.  The master smiled and told the boy there is only one defence against the move the boy learned and that defence involves grabbing the attacker by the right arm!  There are 6 billion other humans on this planet. However, there is only one you. There is a reason God made you unique, find it, leverage it and you will win every time.  The second is to look beyond distractions. Life is a box of unknown events that appear at random times – some good and some not so good. I call them ‘distractions’. It’s your ability to stay focused through these distractions, fixated on your longterm goal that will help you see beyond trappings like salary, bonus, cars or not-sogood ones like the wall of failure, rejection, unfair assessment etc. Remember a magician systematically creates magic by distracting his audience, yet remaining focused on the end game, undistracted. Unless you train yourself to look beyond and outside the distraction box, how will you even stand a chance of getting to your goals?  The third is having a deep-rooted conviction in your goals.Once there were two trees in a village. One next to a river was green and beautiful. The second stood in an arid patch of land. It was thin and had few leaves and people ignored it. One night there was a storm and the villagers woke up assuming the tree next to the river would have survived and the other tree would have died. But the reverse happened. The reason was simple. The tree next to the river used to get water easily. Therefore, its roots were shallow and were not able to withstand the storm.  The other tree had deep roots and survived. If you do not have a deep-rooted conviction, won’t you be blown away by the first advent of adversity? So ask yourself again, what is it that you really stand for? The list of what you can do to be in that 1% is long and it all starts with you – actually your mind.  The more you have it in your control, the higher your chances of fulfilling your dreams and ambitions.  (The writer is founder, Sampark Foundation and vice-chairman, HCL Technologies) VINEET NAYAR Source: The Economic Times

Evidences for Market moving upto 6384

The Target on the Nifty (6060) has come as we had  predicted on our previous analysis on 21st September 2012. Now we are back with more Evidences of Nifty moving up to 6384 in near term (may be by February end). The Analysis goes as below.

Let's First look at the Elliott Wave patterns formed on the Nifty Chart. As you can see in the chart and like we observed it in our last post We are still not sure if the upmove started from 4531 is a Corrective ABC or Impulse 5 Waves. But one thing we can tell is that there is one 5 Wave pattern Emerging as shown in the figure below. 

And as per Elliott wave calculations this pattern will have a minimum movement upto 6384 because in this pattern the 5 Sub waves (1,2,3,4,5) of the Wave (3) are dividing the Wave (3) into 61.8% and 38.2% as shown. This division comes because sub wave 5 of Wave (3) is extending itself from its normal movement. But there is one wave calculation which says this move can end near 6234 (Sub Wave 5 being equal to 1.618 times Sub Wave 1) but that looks unlikely with our further evidences shown in our next charts below.

Lets have a look at more evidences which support the above mentioned move in the nifty.

1) If you can see in the below figure the Nifty is following a 11 week peaking cycle from the time it started moving up. The peaks you can see in the Long term KST at the bottom of the chart. 3rd cycle is running now and it is in it's 7th week and the peaking is yet to happen

2) As you can see the Long term KST is moving upward in a channel and the next move pending in that channel is towards the upper limit of the channel.

3) When you look at the volume in the chart you can see that volume is increasing as the cycle is peaking and decreasing while market is correcting repeatedly and this time it should be no different and the peaking of this cycle is still pending and may start any day from now till 11 weeks are completed.

4) Also if you see the last chart where Long term KST of USDINR is moving in a diagonal channel and its next move is towards the Lower Limit which means Appreciation of INR and Depreciation of USD which intern means more funds flowing into India which shows the positive sentiment on Rupee for the short term.

So looking at all these above Technical Evidences it looks like further up move towards the above target of 6384 is expected Nifty in very near term.

Looking at Trading Point of View based on above analysis

Traders must place their long bets on Stocks which have upsides pending as per Elliott Wave and Fibonacci Calculations. Some of the stocks to go long are given below with their potential Targets in near term.

Scrip                                          Potential Targets

SBIN                                             2824

Axis Bank                                      1508

Tatasteel                                         454

Bharti Airtel                                    430

REC Ltd                                        289