WEEK 7TH TO 11TH JAN

Markets broke out the range at 5950 to move upwards towards its target of at least 6150..Will it achieve it or stall somewhere in between will have to be seen now that the momentum is slowing and we will be entering the result season..5960-70 will be a strong support zone , FII still buying in cash and the global cues will be watched..so 5960-5830-5750 remains the support zones  and 6090-6150-6250 remain the resistances in the coming weeks..Do book or protect your profitable long positions as the fall will be sharp ,quick and without notice..Wishing all my friends and visitors a very happy prosperous new year..Happy trading..cheers

WEEK 31st dec to 4th jan

Markets are still range bound sideways as a mix signal is emerging from the monthly to daily charts..Markets in meanwhile are trying to look for cues from global markets..The range of 5850-5950 has to break in sometime soon....the break could lead to a quick movement of 150-200 points either direction..Till then trade the zone and buy the sudden dips ..

wishing all visitors a very happy prosperous 2013 yearin the stock markets....cheers

WEEK 24TH TO 28TH DEC

We are now entering the holiday season of festivity from the coming week..The market has made a foot print of 5850-5950 app. break either way oh the range could take us about 75 points quickly either way..As a swing is made in the weekly charts on the lower side the markets may just drift down in the coming weeks ..Caution on the long side till we dont make a intraday higher swing.. 5750 is the channel support from the lows which can be tested in this drift and 5900-5930 could provide a good resistance for any upmove..Wait for good dips to buy your select stocks you trade in.. ..Trade light and be agile next week..Cheers

Week 17th to 21st dec

Could not post last weeks techs . as was away on a family function..

So what do we have  right now..As mentioned in the last post we did cross the highs to make a new high at 6003 (NF)..and corrected in the classic jerk after a promise of highs..This is the 12th month from the lows of 2011 dec..and the journey has been quite profitable for all those who invest in good dips and trade or hold..Markets have to consolidate for some time to absorb the rise..key area to watch will be 5780-5850 (NF) in times to come for any serious correction to set in for this rise..January will be the key for this..in the mean time it could be range bound before a attempt is made to retest tops or close over it  in coming weeks trade the dips well and keep some cash for rainy days..cheers

WEEK 3RD TO 7TH DEC

Markets did complete its correction at 5555 as was mentioned last week( it climbed over the wall of worries as they say ) , crossed 5660 with a bang and moved over the recent highs..This is a break out now after a long consolidation..To sustain this markets should stay over 5820-5855 zone for some time.. 6150 should be a logical target if the lows mentioned for supports are maintained..Buy the dips and the stocks in momentum for trading and book profits as we climb higher..enjoy the ride till it lats ..cheers

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