Ganesh Pancharathna --- Adi Sankaracharya

One of finest Sanskrit Mantras. Download it from youtube and chant daily.

Lyrics in english:

Mudakaraatha Modakam Sada Vimukti Saadhakam
Kalaadharaavatamsakam Vilasiloka Rakshakam
Anaaya Kaika Naayakam Vinasitebha Daityakam
Nataasubhasu Naashakam Namaami Tham Vinaayakam.
Natetaraati Bheekaram Navoditaarka Bhaasvaram
Namat Suraari Nirjanam Nataadhi Kaapa Duddharam
Suresvaram Nidheesvaram Gajesvaram Ganeshvaram
Mahesvaram Samaasraye Paraatparam Nirantaram.
Samasta Loka Samkaram Nirasta Daitya Kunjaram
Daredarodaram Varam Vare Bhavaktra Maksharam
Krupaakaram Kshamaakaram Mudaakaram Yasaskaram
Manaskaram Namaskrutaam Namaskaromi Bhaasvaram.
Akimchanaarti Marjanam Chirantanokti Bhaajanam
Puraari Poorva Nandanam Suraari Garva Charvanam
Prapancha Naasha Bheeshanam Dhananjayaadi Bhushanam
Kapola Daana Vaaranam Bhajaey Puraana Vaaranam.
Nitaantikaanta Dantakaanti Mantakaanta Kaatmajam
Achintya Rupa Mantaheena Mantaraaya Krintanam
Hrudantarey Nirantaram Vasantameva Yoginam
Tameka Danta Meva Tam Vichintayaami Santatam.
Maha Ganesa Pancha Rathna Maadharena Yo Anvaham,
Prajalpathi Prabhathake Hrudhi Smaran Ganeswaram,
Arogadhamadhosadham Susahitheem Suputhratham,
Samahithayurshta Bhoothi Mapyupaithi Sochiraath. Sara Ganotra Durlabham Biragiloka Pujitam Sura SureiNamaskrtam Jarapa Mrityu Nasakam Niragurum Sreya Harim Triyantiyatma Dachakam Namamitam Ganadhipam Kripakayam Prayogitam Neerendraja Mukhomajab  Pramodamana Bhaskaram Narendra Maktra Manaka Gasantha MaraNodyakam Saresreepe Sabadha Mukshi Masrayami Santata Sareeretani Neerjeeta Jabondabala Sankatim Namamitam Ganadheepam Sukadeemouni Banditam Prakaramakshya Maksharam PrakamaViswa Dayeenam Sakamanam Prabantaye Capasatam Chaturbhuje Vikasapadma Pujitam Prakasheetatma Tatmakam Namamyaham ganadheepam Naradeepadma Dayeekam  Swarariloka Dayakam Jarariloka Modakam Neerakrata Suragrujam Tarambujone Satsrenim Neekarasunya Manase Najasajane Bhavitam Muda Namami Vignatam Namamitam Ganadheepam Samapanoda Naksharam  Samahitanta Ratmanam Sumadheeviswa Nacheetam Chamaneedhim Ganadheepam Rama Ganadheepujeetam Yamantakanta Sambhavam SamadheeSadguna Pradam Namamitam Vibhutayam Ganadheepasya Panchatam GranamaViswa Dayakam PranamaPurva Panjanam Padantiye Mudayita Bhavantite Bidam purak PrageeteVaibha Vajabha Chirayusodhee Kashreyas Susonamouna Sansayam Namamitam Ganadheepam

Zee Media -- very quick upmove coming?

Hi,for some reason i am expecting a bull market for India and the world till around beginning of 2016. And in this bull rally most high quality would fetch a good return over a period of time .But we always want that quickfire gain in a very short period of time for a stock and then move on to next one...to maximize our Profits :)

So the very first bet of this new year is Zee Media Corp. Got it today at 13.85..and have a target of 18-19 in mind.See chart below:

2 characteristics of this chart:

1. A very long Wick , a hammer like positive candle.
2. After a up-move , symmetrical triangle formation.

Now compare with CanfinHome chart below and similar formation developed before flying upmove.

I should say we are going to touch 18-19 range within 20 days giving a good 25 % profit .

Happy New Year ( With Sanskrit sloka ॐ )

                                                 न्यू इयर ग्रीटिंग्स 

           ॐ Chant the above lighting a lamp in-front of any God's image.ॐ 

Also check the below fine mantra:

ॐ 
Lyrics: Sanskrit
सर्वेषां स्वस्ति भवतु । सर्वेषां शान्तिर्भवतु ।
सर्वेषां पूर्नं भवतु । सर्वेषां मड्गलं भवतु ॥
सर्वे भवन्तु सुखिनः। सर्वे सन्तु निरामयाः।
सर्वे भद्राणि पश्यन्तु। मा कश्चित् दुःख भाग्भवेत्॥

Lyrics: English
Sarveshaam Svastir Bhavatu
Sarveshaam Shaantir Bhavatu
Sarveshaam Purnam Bhavatu
Sarveshaam Mangalam Bhavatu

Sarve Bhavantu Sukhinah
Sarve Santu Niramayaah
Sarve Bhardrani Pashyantu
Maa Kadhchit Duhkhabhahg Bhavet

Meaning:
May good befall all,
May there be peace for all,
May all be fit for perfection, and
May all experience that which is auspicious.
May all be happy. May all be healthy.
May all experience what is good and
let no one suffer

ॐ 

Regards,
Jonak

Nifty :Going to 5500?

I thought a bounce was coming so that i could short form higher levels. But the major supports got broken at 5840 . And now I m short. Next major support looks at 5620. But look at the weekly chart with bollinger levels.The bollinger bands are working perfectly here with perfect touches and reversals.  And we should touch 5520 looking at this one.

US Dollar: More Down move left

See the Chart below . The whole wedge shown by RED lines was retraced to hit target in red circle. This time too , similar formation and whole blue wedge will be retraced to hit target area shown by red rectangle.

Some upmove for stocks expected.

Nifty between lines

Just like the nifty gave accurate touches of the blue line during the rally, this volatility is being done within the boundaries of the red lines. Perfect touch of the lower red line, short term indicators like CCI(8) are oversold and showing divergence ; we should expect a hit at the upper RED line . Minimum expected from this up move is 6050 area in Nifty futures.

This is not the start of a big rally though . I am expecting BIG bearish session to begin after this up-move.

Nifty :--Pattern Watch

So ..are we doing that move towards 6200 from here or is there (little)more fall.....before we go for a rally...
in the post below i said we are doing a consolidation before we head for a Major 350 + pointer rally....I had shorted at 5950 level ..but this thing went some 80 odd points more than I thought.....Added more shorts at higher levels...

So look at the 2004  chart again....see the area which is underlined with red Horizontal bar...

And see a smaller fractal....the 1 minute chart from 21st sep when we saw a big 160+ point blast ....area marked between 2 horizontal bars....

So  the NIFTY pathway that's on my mind is shown by BLUE lines...

So that means more fall till 5840...and then we rally ....what do u think...lets see...

Nifty :--Consolidation

---before we get a major rally .....Looking at a some of my favorite indicators for varying periods....
parallel channel looks to be the best consolidation formation here....averaged my shorts today .

The arrow head shows what I am targeting. Holding Puts.

Nifty : Back to 5800+

Since all the major money flow is from the US FED, the US Presidential cycle has been giving good bottoms till now . Here are two charts:

And here is  one for October Month :

 These charts show a bottom around 10th October from where we see a good up move. These Presidential cycle charts have been able to indicate major bottoms this year for Nifty too.

Now I had been keenly watching a 1 minute chart of Nifty when we saw that big 170+ points up-move in Nifty . I am presenting to you once again ere below .

At 5630 I believe Nifty is at good Support , and at the point shown by the Green triangle pointer. Once again just as a reminder i bring forward to you the 2004 chart . Which has also been replicated till now .Here we see it below . Now compare the area above the RED horizontal line to the area between the red horizontal lines in the above chart.

Now we see our present Nifty chart . We definitely see that Nifty is landing on good support. One indicator I used here below is the 13 Period Bollinger bands. With today's levels the bollinger band lower level has been touched . These bands give good bottom indicators in corrective period.

So looking at all those charts , I have drawn a blue arrow as the next Nifty path . Going long today . 

GODFATHER is here, India

The undisputed CZAR of the financial world .....is here with his right hand man..........what the hell is cooking?

Say Hi ...:)

Nifty : Short term top

I had added shorts yesterday and averaged today . I was going to post yesterday but did not get time. As indicated in the last post i was waiting for the CCI(34) to come close to the +100 line from the top . Well its almost there but the reason I added shorts yesterday was because looking at a couple of other things , I think the short term top is in.

Look at CCI(14) . Its showing divergence . CCI(14) divergence gives a good trade most of the time. But also look at DMI. The yellow part of the graph is at extreme levels... Also the green part of the graph is behaving like in september 2010 at which a correction was seen. Also its channeling but more than the channel , its the wedge formation and wedges have been acting very good in Nifty .

The DEFTY has also got divergence but RSI is majorly overbought reason. and also major trend line resistance.

TheVIX is giving higher lows and hammer like candles and getting support.

As of now i had squared off the PUTs at lower level 34 period Bollinger Band at 5732 in NF from were it bounced back . I hope we touch 34 hour mid BB level or the 34 hour SMA at 5792 at which poiny I go short again.


Some weeks back I posted a 1 minute chart showing "Shape of things to come" . I had deleted the post but I think we are doing exactly the same graph as seen in that 1 minute chart.

See the region between the 2 red horizontal lines. I think this correction in October month will be the same . Looking at the above above 1 minute chart I think we should hit 5525  like below ...in the first down wave as shown by the arrow.....lets see.

Have fun.

Nifty :Strong blast

Did not expect this strong blast . Don't really know where its headed right now. Only thing I am hoping at this time is that October 1st week or may be 2nd we should get a good buy opportunity. But how is the market gonna behave till then . How high is it going from here. Difficult to say. If I say that October 1st week we should get a very good BUY opportunity , then we should see some correction . But when will the correction start and how high can this market go?

We see from the above chart DMI( Directional movement index ) and the ATR behaving very similar to 2010 September period. The green graph in the first indicator(DMI) has been absolutely stretched( look at the down arrow). The ATR ( 2nd indicator) is also rising in a similar manner. After the point shown by the down arrow corresponding to today's action in markets...the markets kept on going higher for around 200 more points before a meaningful correction set in from 6030 to 6223. If the same thing repeats we might see around 5935 in a couple of sessions before we see a correction heading into October 1st week or may be 2nd. 

Defty today has crossed a very important trendline resistance. Used 2 good indicators in the chart below CMO(34) is yet to get overbought . And CCI(34) is way above the 100 line . The markets could go u till the CCI(34) comes from above the +100 line and touches the 100 line itself. Using this logic we see that markets have some distance to go up. 

Another chart is this USD -INR chart . The blue trend line support has just been broken today . But just by a bit though. A RED  channel might give support if this continues to go down . And that support might come around the green line at 52.620.

I know the markets are overbought . But the markets can easily touch 5940 in 2 days time in this overbought condition too . But if still in doubt people might stay away and we should be going LONG in  October. 

Ganapati Bappa Maurya

Shri Guru Charan Saroj Raj
Nij mane mukure sudhar
Varnao Raghuvar Vimal Jasu
Jo dayaku phal char ........................................ ........................................ ........................................ ........................................

......................................
Pavantnai sankat haran,
Mangal murti roop.
Ram Lakhan Sita sahit,
Hrdaye basahu sur bhoop.


Jai Hanuman. 

Markets::Up against the wall

Markets are really now up at crucial resistance points and have a parabolic shape. Most of parabolic markets end badly . The day saw markets striking against resistance levels and SOLD off with HUGE volumes. First look at a very important DEFTY chart. Very very overbought too.

I did one post on Bank Nifty which was following a kind of count ( not elliot wave count).

http://markettechnicals-jonak.blogspot.com/2012/08/bank-nifty-fun-chart.html


This is very important analog  I think  and Bank Nifty might go on to hit that trend line again to form point 14 like in 2010. That point 14 is near the point 10 level and that means Bank Nifty might fall a lot from here.

Nifty is going absolute parabolic. We do have a very good WOLFE WAVE  with targets shown by red line.
RSI (210) is at years overbought level. MACD has hidden and regular divergence. And if BANK NIFTY really makes that 13--14 path as shown above , there is a chance we might hit that WOLFE wave target below 5200.

One more addition. Most likely cycle that is being followed by markets around the world is this US presidential cycle.  As I said before this should be the TOP and Ocober 1st we should be doing a 80 week Hurst cycle bottom. Major rally after that.

Lets see. I am holding on to shorts now.

Nifty update.

Went long . Its not going down as I thought . I think its better to go long or else I will miss the rest of the upward journey . Most probably Nifty is going to hit that upper Blue line at around 5520.

Nifty update

So as I suspected this zone is proving to be a real resistance . But Nifty Futures could only come down to 5350 level  contrary to the 5295 level which I expected. But still I think I will wait for tomorrow's IIP to be announced before taking any position. IIP days have been seen to be negative . So lets wait.

Nifty UP

So got the upmove that I was waiting . And how do I play this. I have taken off my longs. Below is a daily chart with 21 day Bollinger band. Mid BB level should provide resistance.

Below is the 5 hour chart with 21 period BB.  Nifty Futures hitting upper level, that is even a better info that we should not go higher from here without going lower.Stiff resistance this upper 5 hour BB level always. Should not cross at the first attempt.  I think we will get NF near the mid bollinger level at 5295 area to BUY again. May be on Monday .

Booked my longs and waiting . Monday looks to be a buy again at some lower level. 

Nifty

The up-move that I was expecting has not come but we have not gone down either.  Indicators are oversold or very near oversold zone.The lower trend line support is very near. Also 21 day Bollinger Band. Most probably a touch down at 5215 and the GAP will also be closed.

Then a bounce.

Nifty

Ok. Oversold . Touched the neckline of inverse HnS. 34 SMA supported. Huge volume . Should be doing a little upmove from here on.

Nifty

I did better with my forecasts last year than this year . This year is looking tough. Perhaps i am giving less importance to my trusted Indicators like CCI and others  and concentrating on outer functions like US presidential cycles etc etc.

The OBV is just resting on the line from where it bounced before. Also 34 SMA is near the NS. Indicators have entered Oversold area. From this I can only say that fall may not be much from here on.

Looking at Bank Nifty gives more information. Some time back i produced a Bank Nifty chart . That one is going  right as I thought.

http://markettechnicals-jonak.blogspot.com/2012/08/bank-nifty-fun-chart.html

The current BANK Nifty I think has one more day of fall . Max 2 days . And its going to hit that lower support trend line.  So  Nifty should also have 1 -2 days fall. A divergence is seen in CCI(14) for BN.
RSI is entering oversold area.

So I think tomorrow should be another down day and might be they-after tomorrow. And then a bounce.