MONTHLY TECHNICALS FOR SEPTEMBER

ABOVE 4400........................................BULLS TERRITORY.

BELOW 4300.......................................BEARS TERRITORY.

BETWEEN 4300-4400........................NEUTRAL

TRADE AS PER UR RISK APETITE. as markets could be pretty volatile this month.

WEEKLY TECHNICALS 1ST SEPTEMBER

NIFTY FUTURE:
LAST WEEKS , HIGH :4395 LOW : 4208
CLOSE: 4370
S/R : 4324
NEXT WEEKS :
R1: 4441 R2 :4511
S1 :4251 S2 4137
NF may consolidate around 4320-24 levels next week..b4 taking a disntintive move..watch R1 & S1 closely next week , break of either will set the tone of direction & quickly take the nifty to the next levels..cheers.

MARKET REFLECTIONS

Markets took support as per the speed lines being shown last few days at 4200..opened and moved quickly above our magic no. 4304 , ( catching the short sellers/call writers by surprise) consolidated and moved on to take out 4335-45..closing at 4360..making a high of 4368 (which is higher than last swing of 4364) . this brings an end to august month,,where are we headed in september???????..lets MUSE over this during the weekend..enjoy the weekend , cheers.

DAILY TECHNICALS

Markets at supports..intraday charts show resistances at 4300-4413 and support at 4185 zone..as i said yesterday evening that care should be taken at 4200 levels ..DTI which cut downwards 2 days back still is below zero and pointing downwards..with global cues being positive markets should open in positive ..BREACH OF 4220 ( which is also 50% retracement of 3790-4650) may take the markets to 4160 zone which has to be held failing which as seen in the speed lines we will head to 3965 or lower levels..cheers & happy trading.

MARKET REFLECTIONS

Back now, the markets made a top of 4304 ( our resistance watchout zone) and break of 4282 took it to straight to 4200 zone as written yesterday and b4..hope this helped all friends visiting my blog and were able to avoid this whip lash..the market was building up the FAKE OUT in the last few days and the classic trap started yesterday..,as we are near supports of 4190-4200 trade carefully..cheers

MARKET REFLECTIONS

Market could not cross 4380 and below 4345 slowly drifted to recheck yesterdays bottom..watch 4304 closely for any upmove, and break of 4282 may quickly take it below 4248 or sub 4200 zone..index shares lost in last hour of trade which is not a good sign..trade carefully in the coming days..do refer to daily technicals posted on 21st august for downwards targets in case of breakdown. cheers
AS i will be out so no daily technicals tomorrow. just look at global cues and see the levels above and trade ..

DAILY TECHNICALS

Nothing much has changed, markets recovered all losses of opening ..after hovering around 4304 for the whole day..cross of 4345 takes it to 4380 & 4430-50 range or break of 4304 will test 4248-4200..the markets may remain flat to positive, trade accordingly, cheers

MARKET REFLECTIONS

markets held on to 4304 zone thru out the day, traded around this zone.. and then forged ahead for the speed line target of 4345 , thereby leaving a higher low at 4283. despite weak global clues our markets held their ground and then gained in last hour. cheers

DAILY TECHNICALS

After the gap up yesterday on opening ,markets showed weakness and slowly drifted down. intraday charts showed weakness thru out the day and more selling was expected. with global cues also very weak, we can expect a drop to 4304 & retest of 4248 and more below 4335(speed line break of 4248 on charts yesterday showed that it can take us to 4200 & below ) . see how the market pans out and take ur call.. cheers.

MARKET REFLECTIONS

Markets gapped up as per global cues, but due to lack of follow up buying kept slipping thru out the day to end at the speed resistance of 4335..the way forward is still 4430 above 4335 and 4200 below 4250. It being the settlement week lets see how the drama unfolds. cheers.

DAILY TECHNICALS

US markets and now ASIA too is in positive territory due to falling crude.... the SPEED LINES are giving us the resistances of 4335-4430-4500 on intra day basis..notice also that DTI has cut into positive on friday so the move is up. ( DTI is a slow moving indictaor and when it cuts or turns it does give movement in the direction for sometime), it also gave the positive divergence signal like RSI on 22nd viz a viz 19th. break of 4248 can take markets to 4200 and & lower..cheers & happy trading..

T A : R S I LESSON FOLLOW UP

classic example of what i had written abt. RSI divergence , it appeared yesterday..notice in the chart that when we were at 4316..RSI was way down below 10 and yesterday when we went below previous low..of 4316 to 4248..the RSI was around 20 and turning there by giving a signel from thursday that this selling will stop soon and it is giving POSITIVE DIVERGENCE. so cut your shorts today or next day and go long.. and the market just did that recovered all loss of the day and went on to close at high point of the day. one can also notice that RSI just touched the 50 mark( from low of 4316) and again turned down wards and the fall was very severe as below above 50 levels the trend sets in...cheers..

WEEKLY TECHNICALS 25 TH AUGUST.

NIFTY FUTURE: CLOSE- 4324

WEEKLY: HIGH-4458 LOW-4252

Stop/Reverse : 4345

R1 : 4437 R2 : 4551
S1 : 4231 S2: 4138

as markets are in oversold zone in intra day charts, an upward bias can be expected at the start og the week.the daily charts still has a downward bias so weekly s/r being 4345..trade according with strict stop losses. happy trading.

MARKET REFLECTION

nifty moved spot on in the range of 4248-4337...(ANDREW PITCHFORK WONDER) ,very close to my support and resistance level of 4250-4335.. it closed at the higher end of the intra range a good sign..stocks bought at opening gave good intra day profits whether index or mid/small caps..the bias defenitely was UP, good retracement from lower levels.lets ponder over the weekend and see where we are headed for the settlement week..enjoy ur weekend..cheers.

DAILY TECHNICALS

the soft cues turned into a blood bath after break of 4384 and broke all supports till it came near 50 sma.have posted the andrews pitchfork levels for intraday trading..nifty turns positive over 4335 and had 2 good supports down , one at around 4250 and final at 4200 & below...this is taken from the top ie 4650.DTI intra day is negative now. one can go long at these levels for a fast retracement of the oversold market. select stop pickings for delivery also can be done if we drift further down . cheers & happy trading