WEEK 8TH OCT TO 12TH OCT

Markets when in peaking out process  always gives severe jerks on intraday basis which come w/o any prior notice..The rally from 9 months is still making higher highs/higher lows..Till that  day thecurrent trend advises buy on dips though with smaller volume and on intraday bais..The result season is on us and that should define the going ahead..The week ahead the S/R for nifty future is 5782 zone  with a range of about 150-200 points.. Keep trading the rallies for quick gains till reversal of trend does not take place to put  sell orders ..enjoy the trades..cheers

PRACTICAL TRAINING IN MARKET TECHNICALS BY EXPERTS.

I would like to inform all friends visiting my blog that we have been conducting  Special Training Sessions for Technicals and Trading  in Stock Markets at our Premises in New Delhi..

The programme is as follows;

Comprehensive course   Duration : TWELVE hrs (Two Days).

 Course modules are :

i. Market Cycles & Dow Theory

ii. Elliot Wave.

iii. Charts and  Chart Patterns

iv. Study of candle sticks

v. Introduction to technicals.( MA, Indicators,Bands etc )

vi.Fibonacci applied to EW

vii.Structured approached to Applying Technicals  in Stock Markets.

viii. Practical Trading System 

PS: We  also conduct a Short Duration Course of 1 DAY for out of station visitors , 

Kindly get in touch at the following email address for details and querries
bhrajan@gmail.com

rjn_bht@yahoo.co.in

WEEK1st oct to 5th oct & OCTOBER month

Markets have finished the Month and Quarter posting higher highs /higher lows ..As mentioned last week we are in the resistance zone from here on and when ever market does a LOWER HIGH/LOWER LOW caution of reversal has to be seen..5640-5650 is now emerging as a support zone below 5705 for the coming week  with resistance around 5790-5815 zone..For the coming month 5600 will be a watch zone with  Range  of 250 points either way at least..Buy the dips should remain the policy for the traders till the markets do not show reversals..enjoy your trades cheers

WEEK 24TH TO 28TH SEPT.

Markets crossed the threshold last week amidst choas in the Govt to surge to its final targets of 5850-6000..Will it be able to achieve this or has it posted for us the higher low/higher high in the weekly charts.. Going ahead as this is the settlement week it can be volatile,..Profits need to be booked in your investments also as we climb up..as the rally has lasted 9 months from the december lows..Caution specially for traders as at new heights the reversals are sharp and quick..October could be a month of consolidation and giving away,  so trade accordingly..5450 will be a crucial zone to watch in declines in weeks ahead and 5850 could be the area of great resistance..cheers

WEEK 17th TO 21st SEPT.

Markets  rocketed this week on Global cues and The Govt..action..The threshold of last high of 5464 was taken out with a huge gap up targeting towards the old high of 5700 in the coming week..Now 54500-5420  should be a strong support for sometime to come..The S/R for the coming week would be 5500 with a range of+/- 150 points ..Keep booking your profits as we go up on the investments which are profitable and done in the last few weeks..Only crossover of 5700 and about a weeks stay over that will propel markets towards the 6000 zone..enjoy your trades.. cheers..

WEEK 10 TH TO 14TH SEPT

Markets took supports at the trend line support at 5230-40 zone to bounce back on global news towards the last highs..The Intraday charts were quite oversold after many days of correction and the small trigger did the rest..The chart i posted last week exactly potrayed the same footprint moving forward and it unfolded well for the followers of this blog...Now over 5360 we may head towards the 5400-5420 zone thereby completing the journey back..What next???..the market will take a breather here and see what it has to do next..we will also be a tad overbought..Dips should find support in the 5310-30 zone and resistances at 5420-30 zones..Trade them accordingly as the next cues comes in the middle of sept. from US..cheers.

NIFTY DAILY CHANNELS

                                                CLICK TO ENLARGE THE IMAGE.
The above channel chart is self explanatory for seeing the support /resistance...breakout/breakdown zones of the nifty going ahead..cheers.

WEEK 3RD TO 7TH SEP

Markets have closed very close to the Monthly PIVOT of 5285..and a minimum range of 200-300 points can emerge in the month of september..So take your trades accordingly in this month ...Global flows have trickled down and the markets again are slipping in a range..5200-5400 could be a range for coming times before a breakdown/breakout takes place..trade accordingly..Select buying can be done on index stocks like Banking/IT etc on positive days..Trade light..cheers.

27TH AUG TO 31ST AUG

Markets moved in a range last week breaching and staying over 5400...The S/R for the coming week is 5415 zone , with a possible range of 60-100 points ..Traders should keep in mind that the rally from 4800 is now struggling at the resistance zone of 5440-5480 around..We have to decesively breach that to make some move towards the old high..or breach 5320 to retest the recent lows..So play the range effectively for gains..cheers

PS:  S/R means  stop and reverse.and values written above are for nifty futures

WEEK 21ST TO 24 TH AUGUST

Last week the falling trendline was breached briefly but failed to hold above it..5380 will be crucial S/R for the coming week..Global markets too seem to be in pressure and moving up very slowly..CBOE vix as historical low levels..So what next..???Markets have to close over 5380-5400( NF) for a few days..for the next leg of move up..failing the supports of 5320-50 zone will take a breather and will look for deeper correction..Trade the range till a break out with strict SL's..keep booking profits as we ride up..cheers

WEEK 13th aug to 17 th aug.

Markets consolidated  in a tight range of 110 points last week ending in a neutral territory the weekly close.Markets have to close decesively for a few days over the  trend line resistance of 6349-5700 NF which is app at 5380-5400 zone to make any progress on the higher side..The lower trendline support will be in the range of 5270-80 zone..breach of the above trendline will give a quick 100-150 points move..FII build up so far in the series is quite Positive..5340 is the S/R for the coming week with a range of 100 points minimum..Trade accordingly..cheers

WEEK 6TH TO 10TH AUGUST

Markets took support at the golden cross of 50/200SMA  and moved up to cross  the resistance zone of 20 SMA  and close above it for the week. Global markets too are positive so the start of the next week will take us towards the recent highs in case we close the gap zone of 5280-5315 app.The breakout will be over 150 points range of the S/R zone of 5200..Do book partial profits or trail with sl's  as we move into resistance zones..enjoy your trades ..cheers

WEEK 30th july 3rd august

Markets were in the process of correction in the last week, for the upmove..Volatality played the key in the settlement..Markets are taking support at the 50/200 sma zone of app.5100 and will take resistance at 20 sma or 5240 zone..The S/R of the coming week is 5115 and we can have a 150 point move either way..Markets are poised  at cross roads looking for cues from the govt. and global markets for any upmove otherwise it will remain in a range and drift downwards on its own weight..Trade with the trend in the coming weeks..cheers

WEEK 22nd to 27th july

Markets remained in a tight range the whole last week either consolidating or waiting for cues from the govt. for next move..Global cues are subdued and not very condusive and the coming week being the settlement week can expect volitality..5150-75  will be a watch zone for the coming week, below which we can go all the way to retest the 5030-50 zone..cross of 5220 can take us to 5320 and retest of recent tops..use dips for buying oppurtunities in your favorite stocks..enjoy the trades cheers.

WEEK 16TH JULY TO 20TH JULY

Markets started the correction on the up move  of the last many days..Dips should be used to buy into your favorite stocks as weekly technicals are still in a up move and this could be a consolidation..S/R of the coming week could be 5280   with a minimum range of about 150 points..5370-5400 should be a good resistance zone and 5120-50 a good support zone in the coming days..enjoy your trades..cheers