WEEK 29TH JULY TO 2 ND AUG

The markets stalled at 6100 as was advised  on last  weeks technicals...slipped to 5990 from 6090( the range )and gave the quick fire 100-150 points on the last 2 days in settlement...Hope visitors to the blog are  benefiting from this blog on the investment trading & exit   timings ..I had started writing this blog from somewhere in DECEMBER  2008 and with a small breaksometime back, I  think have been writing consistantly , initially DAILY THEN ONLY WEEKLY..I dont know how many people are benefitting from this or not..
I would like all the visitors to this blog to drop me a mail  on what they like or not or  may want on this weekly techs..or is it just a waste of effort /time for me.As such i am busy in my trading and advisory..and may decide to shut this blog soon..

With Warm Wishes to All

cheers

Rajan Bhatia

PS: 5850 zone is a strong support in the coming week below 5890  and beyond 5975 we may test 6030-50 zone

Week 22nd july to 26th july

Markets have moved with volitality this month upwards to after completion of its correction from the recent tops..We may have reached a important retracement levels in case 6100 is not breached and closed above for more than 3 days..Will have to wait and watch this levels before the next move unfolds..as WEEKLY correction may set in (deeper one) below these levels..5850 will be important level to watch below 5990/5930 and beyond the high of 6239 we can head towards 6400 and above in the coming weeks months..Coming week is settlement week so trade with caution and strict Sls..6090-5990 should be traded watched beyond which is quickfire 100-150 points..enjoy your trades cheers..

Week 15th july to 19th july

Markets just moving on the cues of news jerking within the range ....holding 5800( remember above it bullish) to finally try to do the top of the range which over 6020 could be at least 6080-6100 zone..supports lie at 5890-5910 zone below which again all the way to 5800-5820 zone..Do keep booking profits too or strict sls in the coming week if not booked already as markets tend to  reverse also the sharp rises suddenly....cheers

WEEK 8TH JULY TO 12 TH JULY

So where are we now ???..app 5700-5900 range last week as written ..Still above 5800 bullish below bearish..Markets will be expanding the range soon so watch 5850 on the lower side and 5950 on the higher side +/- 100-150 points on either side..Global cues and Rupee  will be the two  key components of the direction of the trade..Gap ups/Gap downs are not helping day traders much though technical traders should be deriving  some milage out of this sudden volatality..How many ?????? each knows best as world is full of technical experts.. enjoy your trades cheers

WEEK 1ST JULY TO 5TH JULY

My observations last week would have helped all visitors to the blog plan their entry in longs and exit from shorts..Despite of a heavy bearish feeling all around the technicals were saying that if the low is  held a fast  rally is awaiting us .. .the run over 5617 to 5700 then 5800 and above almost worked to the script.. Hope all booked profits of this run at least most of it..There will be a dip in the coming week and one can reenter at a appropriate level..WATCH 5800 closely in the month of JULY..over it BULLISH  below it BEARISH ( keep your  sls) 5700-5900 +/- 100-150 points could be a  minimum range for the coming month...Trade accordingly..cheers

WEEK 24TH TO 28TH JUNE

News from India/Abroad did not help the global and local equity markets ..Unwinding took place in all sectors of investment..Our markets also made a low of the last rise..We are approaching a very important Time cycle now ..The next 1-2 weeks will be important for the markets to seek the new direction for the coming months..Our markets have taken a weekly  trend support on fridays low at 5617..though the monthly supports are way down..Markets are a tad oversold so a bounce can be expected in the coming week in case the low is held..Watch 5690-5700 zone closely for a ride maybe to a zone of 5770-5790 over which a fast break out can take place..Supports lie in zone 5550-60 below which  5400 could be the drift zone..Trade accordingly..cheers

WEEK 17TH TO 21ST JUNE

Markets gave a huge leg down with the break of 5880 zone..We almost reached the important support zone of 5650 around  .The relief  rally was expected from this oversold zone in the intraday charts and we got a good one..News from RBI policy etc next week will define the early part ..5850-5880 is a  resistance zone and 5750-30 a  support..Break either way with take markets 100-150 points..Trade accordingly..cheers

10 TH JUNE TO 14 TH JUNE

Markets have gone in a range bound consolidation mode of about 120 points..The range has to break on either side soon..Watch  5950 for the cue going forward..Break of 5880 could take markets to 5750-5780 zone and breakout towards 6080-6100 zone..The global cues over the weekend were favorable so a leg up at start of the week could be there , then the local factors take over again...Keep an eye on the technicals and play the trend with strict  SLs ..enjoy your trades cheers..

WEEK 3rd to 7th june

Markets gave the leg up from the oversold positions..to make a lower high (6239)and as projected the next leg down started on friday..The fall was fast furious and all stocks big small joined the BEARS party..See how technicals help foretelling whats in store in case you are visiting the blog regularly..

WE HAVE BEEN GIVING  TRAINING IN TECHNICALS TO THE ANYONE WANTING TO TRADE TECHNICALLY along with a trading system..

We have to break the 5936 level for more corrections to set in ..6050 will be a strong resistance zone now and Sell on rise will start once we breach the lows..5750-5800 could be a logical target at least for the time being..staying over 6050-80 for a few days only will show some strength which i dont think is there anymore ( specially with the waterfall fall ).The month of JUNE will be volatile and will give trades both ways ..so trade the direction..cheers..

WEEK 27TH TO 31ST MAY

Caution was advised last week despite rise, due to divergence /non movement of many many stocks???? Buy in Dips only also advised ...?? Hope people visiting this blog would have observed caution and they would have booked profits..Technical traders got the perfect breakdown  hurling towards the 6030-40 zone and global cues gave the push lower towards 5930.....Now what?? This is a 300 odd point wave and could be more or same..We will get the retracement from this oversold intra day charts..6050-6080 is a  strong resistance zone now ..any move above 6106 will take the markets way ahead to the recent top..The new leg down then unfolds and we will track it accordingly..Any close below 5930 will mean the the leg of 5480-6239 is being corrected now...5960-70 is watch area for the start of the week..Trade accordingly..cheers

WEEK 20TH TO 24TH MAY

I have been writing in this blog for the last few weeks that we are heading towards 6200 zone plus..Markets have touched the monthly targets of 6200 plus in this rally..Running markets have no Resistances as falling have no supports..So what are we looking at now????In the previous high fall one of the monthly highs swings was 6209 which we seem to have touched..Though weekly monthly EW targets project 6300-6500 a sudden sharp dip could be round the corner..Wait for a dip to get in..6120-30 seems to be the support of the market below which the zone of 6030-50 will provide creditable support so long as we keep making higher highs and higher lows.. Technical traders should keep trading with their technicals as volatality will give them good moves both ways....Many Many stocks still are lagging behind and daily RSI is showing a negative divergence..caution is advised..enjoy the trades cheers..

WEEK 13TH TO 17TH MAY

Markets crossed 6066  weekly targets to head towards 6200 or above targets now..Index is  moving up but many shares are not performing suggests a non broad based rally..People will have to wait for good dips to get into the Marketspecially in their select stocks.. and in the meanwhile just trade the index or select index stocks on technicals..Targets for index at 6200-6300 plus in this rally up above 6152 and supports below 6025 at 5950 zone..Trade accordingly..cheers

WEEK 6TH TO 10 MAY

Last week unfolded the breakout of the 5990 retracement to push us into the 6120-5480 (NF) retracements..Markets have been making higher Highs /Lows..A rise above 6066 can open the gates all the way to 6200 and above in the coming days..Below 5990 we will be suspect for corrections to this upmove..Keep strict SL of fridays low on your longs for any ride up ..failure /breakdown can take us all the way to 5750-80 zone sometime this month..cheers

WEEK 29th to 3 rd May

Markets have done almost 88% of the entire 5990-5480 retracement....Any further upmove from here will /can take us all the way to 5990-6050 or a quick move to 6200 zone..Consolidation profit taking has  set in on friday so supports can be in the zone of 5780-5800 in declines below 5850..The coming week may just be sideways and the govt actions/policy etc etc will determine the course for the next leg of the market moves..Profits should have been booked last week and wait a while for sudden dips to get in again in your favorite stocks..Be a trader as global cues may override the indian sentiments ( even if politics is + ve)..enjoy your trades..cheers

WEEK 22nd to 26th APRIL

Markets covered the volitality well and broke the 5630-50 range decesively to surge ahead towards 5800(NF) as expected on the breakout last week.Visitors to the blog who would have taken advise to buy the last 2 weeks dips in their select cash stocks would have profited handsomely with the returns.The doomsday Bears on TV channels helped in the short covering..So what next???? any guesses....Well as a first, the falling weekly channels should give resistance at 5850-60 zone..in case of a up move..5690-5720 should be the support zone now where some buying can be done for a move up..Being a truncated expiry week , advise will be to wait for good dips to buy in cash  and for technical traders to play the the volitality well on both the sides..Cross and close above 5880 can take us then all the way to 6030-6050 zone..deeper supports in corrections now lie around 5380-5400..enjoy your trades cheers..