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.