Week 26th to 30th nov

It seems Markets completed its corrective wave at 5555 and is now trying to test the recent tops made..Watch 5650-60 zone in the coming week..Break and trade over this can take the markets up to the highs made in the past..Markets should close this month over 5800 to retain the up momentum ,failing which it will retest lows again and become range bound for some time between 5600-5800..Trade accordingly and book profits at resistances..enjoy your trades cheers.

WEEK 19TH TO 23RD NOV

Markets gave the classic 150 point  JERK as was expected below 5700...Hopefully partial investment buying in good dips also would have been done by investors..5540-5560 is a good support zone below which it can drift to 5420 around zone..5705 will remain a good resistance over 5670 zone..Selective stocks of your choice can be bought in partial or SIP fashion..Trade the trading range and keep booking profits as we climb..enjoy the trades cheers.

HAPPY DIWALI

I would like to wish a very HAPPY PROSPEROUS DIWALI to all the visitors of my blog..Hope the coming year brings wealth prosperity to one and all..

Regards markets next week is a festive week so nothing much cab be expected in the 1st half..Later markets have to make their moves..5620-5730 got breached by 90 points last week closing in a neutral zone of 5700(NF)..the range set now is 5600-5800 with a quick 150 points move at least.. either way in the coming weeks..deeper corrections should retest 5200 zone and breakouts 6000 zone..Buying in very good dipd will pay dividends going forward ..trade the present market in the trading zone set so far..cheers 

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.