WEEK 23RD TO 27TH SEPTEMBER

Markets got the fillip from the FED statement and gave a huge leg up to cross the last high decesively. Volatality returned with our RBI policy to give a fast furious dip..etc..The fact is markets were over stretched  and needed a breather to correct consolidate for a few days to decide whether to move higher or correct this rise..The 3 weeks from the bottom is over so it can be any which way..The range set right now should be 5950-6050 +/- 100 points below or above which will come the breakout / breakdown(remember its the EXPIRY WEEK so care on both sides of trade)..Traders should reduce their trading positions and investors book their profits to wait for a good dip to get in the trades again.. enjoy your trades..cheers

WEEK 16TH TO 20 TH SEPTEMBER

Markets crossed 5820 decesively to head towards the 6050 target above 5933 zone..Correction held 5820 last week...breach of 5780 in coming weeks will take us all the way below 5600 and above 5920 we should head for 6050..The run up was fast furious from the oversold zone and  the fall could be equally fast in case the up move looses steam..Trade accordingly..cheers

WEEK 10TH TO 13TH SEPT.

Markets moved above the resistance zone from the severely oversold zones..The time cycle ending also gave the fillip to this move after August correction..Beyond 5750 the doors open for retracements  all the way from 6100 zone..Below 5550 the downward trend will resume to complete the correction started from 6329 zone..5650-70  to be the SL for longs in the coming week with 5820 as a possible target over 5730-50 zone..Trade accordingly and book your profits ..Its always rewarding to buy the dips..cheers

WEEK 2ND TO 6TH SEPTEMBER

Markets gave the classic dip towards the 5050-5100 zone..hope visitors to this blog used the opportunity to get in for good profits during the settlement week volatality..Cash buying should be booked as decent profits in select stocks is available if you had bought the capitulation..So what happens ahead..We almost completed theongoing weekly technicals target at the bottom and this retracement  can be used over this month to unwind stuck longs so the next   dip can be taken again..For next week watch 5530 zone over which 5650 and above can be achieved  in this up move..any dip towards 5320-5350 zone will give opportunity to enter selectstocks of your choice..Below this we can go all the way   below 5108 towards 4950-5050.. again..trade accordingly..cheers

PS:  We are again at  important Time Cycle zone now ..

WEEK 26TH AUG TO 30TH AUG

Markets just about about did the range as i had mentioned last week..5200-5250 became the support zone and 5480-5500 the resistance zone...5360-80 now emerges as make / break zone for the upward/downward move with a target of 5600 or above  over 5530-50 zone..&5050-5100 below As it is the settlement week and we are a tad overbought wait for a dip to get into the trade and technical traders can play both ways the volatality..do keep booking the profits ..enjoy the trades cheers 

Week 19th Aug to 23 rd Aug

Markets broke the range last week to head to 5800 but collapsed on friday to break the range on the lower side..Markets are at a very tricky corner right now..Failure to cross 5580-5600 range quickly and close persistantly over it will take this correction deeper towards 5400-5250 zone below 5480 levels..Be cautious in your investments and be selective on the severely over sold stocks which over a period of time may give good returns..Trade accordingly..cheers

WEEK 12TH AUG TO 16TH AUG

Markets moved in the range last week neither breaching 5550 nor crossing 5700..So what next..Being a truncated week if the consolidation / sideways trading is over then a small move either way beyond the range 5550-5650  can take place ,,,the move could be 100-150 points..the larger range could be 5400-5800 ..trade accordingly..cheers..

5TH AUG TO 9TH AUG

Markets have corrected sharply during the course of this week hurling towards the monthly supports ...Retracements if any will tell how deep this can go..Breach of 5550 zone takes us deeper down with the monthly corrections setting in of the complete rise..5800 will be a level to watch  again for it to trade over this to provide some semblence to this markets..Till then trade in your select stocks/nifty in the retracements..enjoy your trades..

cheers

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