AV-Analytics Blog

Introduction to Financial Markets

Technical analysis @ AV-Analytics

26 Feb , 2018
AV-Analytics
My first Post on Technical Analysis on this forum:
Dear All, I have always loved analyzing people and situations. It always triggers my analytical skills to reason out why certain people behave the way they do .This love for analyzing the behavior of people and their reactions, when they are put into certain situations lead me to experimentation and application of my analytical skills to stock market .Technical charts in the stock market are nothing but, the graphical representation of peoples’ behavior. I taught myself technical analysis. It has been a very exiting journey and now it’s been almost eight years since I started on this journey. I fell and I stumbled a lot many times but, still there was something that kept me going. It gave me freedom to be myself and test my skills. For every action of mine I am responsible. My fears and beliefs at times were put to test . I learnt to grow above them. Stock markets teach you spirituality or vice a versa. Both seem to be true. Stock market definitely teaches you to be calm in commotion. It has been a good learning and enriching experience. It’s good to see that one is able to see ahead and think at par with the smartest people.
I am ending this post for now but, will soon be back to share my insights and readings on the stock market. Hope you all will enjoy this journey with me.

NCFM certified Technical Analyst

Nifty this week [3rd September, 2018 to 7th September, 2018]
Nifty may give a correction this week to the levels of 11250 or may give a flat closing.

nifty

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Week [25/6/18 to 29/6/18]
Nifty this week may open around 10820 and move up to 10930. Due to lack of momentum in the market we may see market moving down a tad from this level of around 10930.
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.
nifty

Nifty this week [18/6/18 to 22/6/18]
Nifty has slowly and steadily been able to move in the zone of 10750 and 11000. There is lack of momentum in the market . Next week if nifty is able to maintain 10750 , then for short term the trading zone will be 10750 and 11000. But, since the 10750 mark has been crossed with low momentum it acts as a very week support.
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.
nifty
Nifty this week [11/6/2018 to 15/6/2018]
Nifty this week may touch 10930. If Nifty is able to close above 10940 on weekly basis then it may move into the zone of 10940 to 11000 and 10940 will be become its short term support otherwise Nifty may again fall back into the zone of 10930 to 10430.Weekly closing may decide the next immediate zone for the Nifty.
nifty

Nifty this week [4/6/2018 to 8/6/2018]
Nifty has been quiet indecisive recently showing high levels of volatility.
Nifty last week gave a signal that this week it may touch 525. Next move would be decided after that.
nifty
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [21/5/2018 to 25/5/2018]
Nifty this week is giving mixed set if signals. Nifty may open gap down. First support is at 10506 and second support is at 10433. These supports need to be watched this week. On monthly charts Nifty seems to be moving into consolidation phase which may last for few months. Monthly closing of this month will give the clarity on Nifty. Hold on, on the sidelines till the clarity comes.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty

Nifty this week – [14/5/2018 to 18/5/2018]

Dear All,

Nifty closed last week above the resistance of 10760. Nifty this week may resume its journey towards 11000

Nifty
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [7/5/18 to 11/5/18]

Nifty last week touched the weekly high of 10784 which was the resistance level. Profit booking came at this level and nifty slipped to the level of 10618.
This week Nifty may open around the level of 10620 and touch the level of 10504 , where it may find some support.

Nifty
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week – 30/4/18 – 4/5/2018
Charts show bullishness in the market. Nifty may encounter small resistance at 10764 . If it manages to cross this resistance, then it may continue its journey uphill towards 11000.
Nifty

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week – 23/4/18 to 27/4/18 :

Last week there was loss of momentum, may be due to monthly closing this week.
Nifty this week may not do anything significant. Nifty may open around 10500 and give a closing around 10594. There is possibility of formation of a doji this week with long shadows on both sides.
Nifty

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week- 16/4/18 to 20/4/18

Nifty last week closed above the 6 months moving average of 10430. It almost reached 23.6% retracement level of 10530 where little bit of profit booking took place.
This week nifty may open around 10430 levels and may attempt to cross the resistance of 10530. If the nifty manages to cross this resistance this week momentum will take the market to the 10700 level.
Nifty
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week – 9/4/18 to 13/4/18

Nifty last week closed past 38.2% retracement levels which is a healthy sign for the market. Nifty seems to be slowly and eventually making up for all the losses made since February. Correction seems to be over and upward retracement seems to have started.
This week nifty seems to move past 10530 which is 23.6% retracement level and give a weekly closing around this level or little above this level after crossing the initial hurdle of 10430, which the 6 months moving average and now acts as resistance of nifty. Looking at the charts, it doesn’t seem difficult for the nifty to cross this resistance this week .

Nifty
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

2/4/18 – 6/4/18

Weekly Chart –

Nifty seems to be in oversold zone. Short covering and a bit of buying was seen last week. This could be due to monthly closing. Nifty started the week around 50% retracement levels and moved towards 38% retracement levels where some selling was seen.
If Nifty is able to cross the 38% retracement level of 10,223 this week it may move towards 23.6% retracement level of 10534 and give a weekly closing around 10,440.

Monthly Charts :
On monthly charts the nifty shows the possibility of touching 10,223 which is 38% retracement level. Short term direction will be set at this level. If Nifty is able to sustain this level it will move in the zone of 10220 and 10573 , else fresh selling can drag nifty to 61% retracement levels of 9699 on monthly basis.
Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.

19th March ,2018
Weekly Chart – Nifty is expected to open gap down around 10038. Nifty may give a weekly closing around 9968 which is 50% retracement on weekly chart or fall can be more sharp taking it to 61% retracement level of 9717.
Monthly Chart – On the monthly charts Nifty is likely to touch 61% retracement level of 9699 where some buying can be seen helping it to close around 50% retracement level of around 9973 Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.

3rd March, 2018 Week Ahead Nifty:
Dear All ,
Weekly Chart : Nifty is expected to test support of 10300 this week. Next direction will be decided after that.
If Nifty is able to sustain 10300 and buying comes at this level then Nifty will continue to be in the trading range of 10300 and 10594 on immediate basis. If Nifty is not able to sustain the support of 10300 then it will move into the new short term range of 10460 and 9980 with 10460 acting as strong resistance.

Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial market

26th Feb 2018 Week Ahead Nifty:

Nifty is sitting on the long term support of 10,491.

Weekly Chart: On observing the weekly charts, in the last three weeks it has attempted to breach this support but, has been unsuccessful. This week nifty is expected to open gap up.

Monthly Chart: On monthly chart also the nifty is sitting on the support line which seems to be very strong. Market had been overheated in the last month. It was healthy cooling off. Nifty is expected to resume its journey uphill until and unless something goes terribly wrong in the market. In case, Nifty breaks this support of 10,491 on weekly basis then it may enter into the zone of 10,491 to 9945. Intraday breaches and fluctuations are always possible.

Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.