WEEK 5TH NOV TO 9TH NOV

Markets are still range bound..5700 NF is the zone to watch this week for the S/R zone..Results of heavyweights are coming and aslo US presidential elections  in this week..the range this week should be 125 points at least from the close of last week..A retest of recent highs is possible as time wise correction is almost over..Trade with the trend and keep strict sl in case of sudden reversals.cheers..

WEEK 29th oct to 2nd nov

Markets remained in the range last week too though the settlement was higher than last month...So what next????a few more  days left for time correction to be over  before a decisive move can come or it may stillbe  range bound..the range set right now is 5650-5740 ..Markets have to breach this range..till then trade the range with strict stop losses in place.The trigger is missing..RBI policy on 31st or US results come around 5th Nov or maybe something else..The breach should move markets quickly by 200 points..Trade accordingly..cheers

22nd OCT to 26th OCT

Markets are range bound between 5650-5750 for last week..Weakness did creep into US markets on friday which could reflect in our trading next week..The Range of 5650-5750 is set with the S/R level at 5700 NF...breakout/down in coming days could give a quick 100-150 points either way though there is weakness..This also due to the settlement week next week ..Trade with caution in the direction and investments can be pended for deeper corrections in days or weeks ahead..enjoy the festivals ..cheers

15th oct to 19th oct

Markets corrected  last week and also gave a  bounce ..So where are we headed..5750 seems to be a resistance over which the markets can move towards 5820-30 zone..Only cross and stay over 5850 for a few days will signify any move ahead..Below 5650 we should retest the 5550 or lower target of 5500 in the coming days..The result season will define the trend which right now is correcting the over bought markets..Trade accordingly..cheers

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