WEEK 28TH FEB TO 4TH MARCH

Markets dipped hard and became volatile after breaking the S/R and the range..This is the BUDGET DAY TODAY..wait for it to be over..CRUDE is the bottleneck for our markets ..Volatality has to come down for the markets to show some semblence of upmove..S/R for this week is 5350 with a range of 5200 to 5400..Let the day go by and allow the markets to react to the budget before taking a move..Buy in good sudden dips seems to be working out now for sometime..trade accordingly.
happy trading.,

WEEK 21 ST TO 25 TH

Markets moved over the S/R then crossing 5440 did the quick 150 points to do 5589 before scumbing to profit taking again..by this quick 400 points move from bottom..Sharp correction on friday got the bears charged again..Index Stocks gave very good returns quickly..This is a event filled week..with parliament starting with JPC hanging overhead ...Settlement week etc..5460 is the S/R zone with a range of 5340-5600..Markets could be volatile so trade light and in the direction..
STOCKS: Wait for dips for getting in again.
HAPPY TRADING.

WEEK 14TH TO 18TH FEB

Markets continued to show weakness and made lower lows last week due to lack of buying support.Markets seem to have made a low and was ready for a V shaped bounce back led by the index stocks , so it gave the classic dip to break of highs move..The next dip or retest of lows will tell us about the coming weeks ahead..5310-20 is the S/R for this week with a range of 5230-5440 as a possible range.. break above or below this can give a quick 100-150 points either way..Trade accordingly..
happy trading..
STOCKS..Watch the butchered stocks for a bounce back andthen a retest of lows for entry in them for medium term..

WEEK 7th TO 11th FEB

Another hard week gone by..Markets took support at 5400 zone and turned to just about touch the S/R zone and reverse back to break the 5400 support zone..Rumors /News every thing is breaking the camels back.. 5430 should be the S/R of next week with range being 5250-5550..Though its looking very tough for the Bulls ..small dips can be done in index / butchered shares for a bounce back trade..markets are oversold but can keep slipping to any levels due to no buying support..so take your trades with a pinch of salt..
happy Trading..

WEEK 31ST TO 4TH FEB

Markets have showed huge weakness from the settlement week after hitting the 5800 mark..Markets after closing below the 200 DMA will have to find its supports somewhere as we drift slowly into oversold zone again in daily weekly..5550 is the S/R for this week with a wide wildish range of 5400 to 5700..World events etc too are driving this down trend ..A technical bounce back will be due this week.. FNO traders should wait for a positive day before dipping in..you can pick choose small qty. your select stocks in this carnage and see from there..
STOCKS : Anything of index will be a good buy.
Happy Trading

WEEK 24TH TO 28TH JAN

Markets moved in a tight band bothways last week with voilent thrusts..Technical traders would have captured these intraday moves and made good profits.
This week too the techs seems to suggest the same band..5550-5850 , 5700 is the WATCH ZONE a range of 150 points either way..Being a truncated settlement week be a bit careful in OPTION trading..The bias could be on the long side only if we trade over 5700..as low was protected last week..Trade accordingly..

STOCKS: Reality/Capital goods seems a tad oversold ..Watch them in this week.(PSU BANKS moved well last week)

WEEK AHEAD 17 TO 21ST

Markets have been quite shaky from the start of this year. The run up from March '09 has been quite spectacular and many participants just could not praticipate due to fear etc..Markets are doing their regular correction and will have to find a base in coming days weeks..For this year 5200 will be a area to watch, below which the markets could give a slide down..Cross of 6350 could take the markets to 6700 plus zone.I will not be commenting here on any news or noise about the markets but write about pure technicals of the markets..
Coming to next weeks technicals..any semblence of a upmove markets have to sustain over 5700 and it will face resistance in 5850 zone..slide below 5600 could take it to 5500-5530 zone..TRADE ACCORDING
STOCK : Look at some PSU BANKS for investment week.
happy trading

WEEKLY TECHNICALS

This is to inform all friends visiting the blog that starting this weekend will be posting weekly technicals ..Will try to give a commentary on the week gone by and whats in store ahead in the coming week..Do check from this weekend..cheers

A VERY HAPPY CHRISTMAS & NEW YEAR

I would like to wish all a very happy christmas and also a very prosperous 2011..Hope 2010 has been profitable for investors..Markets are poised to scale new heights in the coming year/years ,so betuned and stay invested with ENTRY/EXIT AT PROPER TIME....
Rajan Bhatia

TAKING A BREAK

I will be taking a break from blogging for a MONTH OR TWO , after having given techinicals here daily from the last almost TWO YEARS. Kindly do check back on 1st july or august to see if i have resumed here..Hope people following the blog from 2008 would have benefitted with the simple technicals i have always tried to post here..Good Luck for your trading..please follow the markets and keep strict SL's..cheers

We are still offering our NIFTY FUTURE/OPTIONS POSITIONAL CALLS to our paid clients..Any one who is interested can drop us a mail for the special prices or chat up in yahoo..

bhrajan@gmail.com
rjn_bht@yahoo.co.in

SHORT COVERING

The settlement day went in favour of the bulls , markets surged beyond 4930 towards the previous highs..Global cues are positive and we pass over the last high towards 5050-80 zone where some supply can come..do BOOK LONGS today which were bought in the PANIC DIP OF TUESDAY..4930-60 would provide support in coming days to the bulls and only below it will weakness be there ..trade accordingly..enjoy the day & weekend ..cheers

SETTLEMENT DAY

Markets after gapping up yesterday slowly crept to the 4880 zone & finally moved to the 4930 zone , where profit booking came in..Being a settlemnt day the markets would be uncertain..Markets would be weak below 4850 and strong above 4930..trade accordingly..cheers.

MAYHEM CONTINUES

Markets tested the recent lows of 4850 broke and started the journey down to new lows..When FIIs sell , who knows where markets will stop..Please note till now markets have been making lower highs/lows..The day a higher low/high is made is the day of markets turn..Hope all added some good scrips in portfolio in yesterdays panic dips..Markets are oversold & will take some breather..keep booking your longs when you find markets stalling..4880 to 4930.. could be some zones..enjoy the day cheers..

VOLATILE MARKETS

Markets just about crossed the 4990 threshold to trigger SL of shorts and then fell flat on all the gains..Todays global cues will make it retest the bottoms or maybe lower ..Markets may consolidate in this 4850- 4950 zone till expiry in case it sustanins 4850..trade accordingly as volatality could be high in the coming days ..cheers

WEEK AHEAD

It was a very volatile last week with wild swings & deep losses....The S/R for this week is 4960 with a range at least of 4800-5100..Markets sentiments are positive and RIL/ADAG truce could also booster the markets for a good positive opening.4990 is watch zone , close for a few days above it can take us all the way to retest 5080..enjoy the day & the week cheers.