Stock Market Weekly View for the Period 26th August to 30th August2013.

Last one Month fall starting from 23^rd July, 2013 achieved its logical down target 5,400.on Nifty and aberration level 5,150 to 5,250 achieved on 22^nd August,2013. (This projection was done on 23^rd July2013 blog. Pl. refer to earlier blog starting from 23^rd July,2013 onwards attached herewith to get clear idea) On Nifty 850 points fall accurate projection credit goes to Technical Analysis subject.

Now let us turn to coming week. (Friday 23^rd August close on B.S.E. 18,519 & on N.S.E. 5,471)

From these levels on Nifty 5,250 / on B.S.E. 17, 759 Market is witnessing a weak bounce and its up target is on Nifty 5,500 to 5,550 and second target 5,650—5,750.

As per Fibonacci Time Cycle 26^{th &} 27^th August, 2013 is Imp. Turning date Here If Nifty is unable to cross 5,550 to 5,600 then Market may form top Time wise and Price wise and below 5,440 markets may drift  to 5,300 ---5,130 area. This is F&O expiry week so market may witness lots of volatility so Investors keep strict stop losses on their Buying and selling position. (Safer side trade on September series)

 Last week blog 19 to 23^rd August, 2013 one important statement is made .i.e

‘In this fall we must not forget “Joker in pack” i.e. Brent Crude and Dollar.’

Dollar already took its slice from 58 it shoot up to 65. Now another Joker is Brent crude.

Above 109 its bullish and its first Up target 114 and 120.leads to higher Inflation and widen Current Account Deficit Gap. (Pl. refer to 28^th July2013 blog “ Economic reasons”)

Readers can share their views on ashishthakur1966@gmail.com &Mob.+91 9819729508 (Time.7 to 9.p.m.)

Disclaimer:- This Market view is given for M.B.A.Finance Students. Any Market buying or selling is done on basis of this write up and if there is any loss. Neither this Blog (write up) nor Ashish Thakur is held responsible for same. Pl. Note. Before taking any Buying or Selling position Pl. consult to your Financial Advisor.

Stock Market Weekly View from 19 to 23rd August.2013.

Friends, within one day 700 points fall on B.S.E. and 200 points fall on N.S.E. is really painful.( black Friday on  16^th August,2013) But well in advance from 22^nd July,2013  this blog is giving warning about this BLOODBATH

For  instance on 23^rd July 2013 blog  categorically mentioned Market forming Top Time wise and Price wise. 23^rd to 25^th July was Important Turning date for market here Market Form Top around 6,100 to 6,200.And Max.6,300. Here Investors must book Profit and be on Cash. (On 23^rd July 2013.Market formed Top On B.SE.20,351.& on N.S.E.6093 for details Pl. refer to 23^rd July 2013 blog. attached herewith.)  On Nifty below 5,750.Market is heading for big trouble.i.e.black Friday.

Wek Bounce/Rally also projected.

 On 11^th August, 2013 (Market View from 12^th to 16^th August, 2013) blog----

At present Market is oversold and will Witness weak bounce /rally and its up targets are

1^st 5,620 to 5,650 and 2^nd up Target 5,750.These are very attractive Short Selling Levels. Keeping 5,800 as Stop loss.  After achieving above said targets Nifty down logical target 5,400 and aberration level 5,150 to 5,250.

Friends, have I failed to Inform you  this Panic fall  well in advance?( rather one Month in  advance warning is issued Time and Price wise.) Losing Investors hard earned Money is really a concern within one stroke entire saving is affected.

Teaching Technical Analysis to lay person without Educational background is the main Intension of this blog. i.e. ECONOMIC EDUCATION AND FINANCIAL AWARENESS IS THE MAIN GOAL OF THIS BLOG.

These efforts had been done since 2,008. Projecting 2.008 Great Recession Panic fall create tension to Investors. Published in News paper.5^th May 2,008. (write up Attached in beginning of the blog)

Now let’s turn to Coming week (19th to 23^rd August 2,013. Earlier week B.S.E./N.S.E. close  was. 18,598/5507)

After BLACK FRIDAY million Dollar question is whether weak bounce is going to come or not??? If it comes  its up targets are 1^st level 5560.& 2^nd level  5,650.After achieving above said up targets  Market  will Complete its first LOGICAL DOWN TARGET 5,400 and ABERRATION LEVEL 5,130 to 5,250.

In this “ALL FALL DOWN PROCESS” Now Dow and Nasdaq will join in their early days but as per Technical Analysis Study Dow formed top around 15,658. On 2^nd August2013.& Nasdaq 3694.on 5^th August,2,013. In this fall process not to forget ‘Jocker  in pack’ i.e. Brent Crude and Dollar these twins will take enough care to bring Market down to its logical target of 5,400 and Aberration level 5,130 to 5,250.

Conclude this blog with cheerful note Hold your Breath. After achieving above said down targets, Market will Rally up to 5,800 to 6,000 in Months to come.

Readers can share their views on ashishthakur1966@gmail.com &Mob.+91 9819729508 (Time.7 to 9.p.m.)

Disclaimer:- This Market view is given for M.B.A.Finance Students. Any Market buying or selling is done on basis of this write up and if there is any loss. Neither this Blog (write up) nor Ashish Thakur is held responsible for same. Pl. Note.

Stock Market Weekly View from 12th to 16th August,2013.

                 

As expected line this week Stock Market is witnessing weak bounce and its up target is 5,620 to 5,650 and second target is 5,720 to 5,750. These are attractive levels for short sales. Keeping 5,800. As Strict stop loss.

After achieving above said targets Market will again resume its downward journey and its first logical down target is 5,400. And aberration level 5.150 to 5,250. By August end.

Here Market will bottom out temporarily.

Economic Education & Financial Awareness is Main Goal of this Blog.

Readers can share their views, opinion on ashishthakur1966@gmail.com,

Mob.9819729508.( Time 5 to 7 p.m.)

Disclaimer:-This view is expressed to M.B.A.Finance/ learning Technical Analysis students for Information purpose only. Based on this view any Market Buying or Selling is done and if there is any loss neither this view/Blog nor Ashish Thakur held responsible for the same Pl.note.

23^rd July onwards 1200 point fall on BS.E. & 400 point fall on N.S.E. projected well in advance Time wise and Price wise in July 22, 2013 blog. In that I  appealed to Investors to book Profit because at that time Market was near to an All time High and insisted to be on Cash.(for details refer to 22^nd July 2013 blog)

Now million dollar question where Market is heading?

Expected first down target of 5,750 achieved on Nifty on 31^st July. Now immediate question where market is going to take support? As mentioned in earlier blog 5^th August 2013, is Important Time Cycle date.(turning date) Here market may take temporary support around 5,650 because market is deeply oversold plus 5650 on Nifty & 19,000 on B.S.E. are  Imp Levels which are going to hold time for being. After forming bottom over here (Time wise & pricewise) week bounce is on the cards. Its upward target on Nifty are 5,750 to 5,820.and second target 5,920 -5,950. (on B.S.E.19,500 to 19,700.and Max.19,865.) Around this levels Investor create Short sale position Here keep 6,000.as Strict Stop Loss for all Short sale position (Here on Nifty 5650 not holding then market is in deep trouble)

After achieving it’s up targets. Fall will resume and its Logical down targets are 5,400.   to 5,350 And aberration level 5130 to 5,200.

Economic Education and Financial Awareness is Main Goal of this Blog.

Reader can share their View, opinion on ashishthakur1966@gmail.com/  Mob.9819729508.( Time 5 to 7.p.m.)

Disclaimer:-This view is expressed to students who are learning Technical Analysis for information purpose only. Basis on these views any market Buying or Selling is done and if there is any loss neither this View/blog nor Ashish Thakur is held responsible for same Pl.note.