Asian Market week ahead 27 Feb to 3 march 2017

Asx 200 weekly outlook for 27 Feb to 3 march 2017

Asx 200 weekly outlook for 27 Feb to 3 march 2017

#global #market #weekly: #asx closed red. From 5857 to 5778 .hit my swing tgt 5825 and failed to sustain now expect correction towards 5750.

Nikkei 225 weekly outlook for 27 Feb to 3 march 2017

Nikkei 225 weekly outlook for 27 Feb to 3 march 2017

#global #market #weekly: #Nikkei closed with gain. Outlook bullish and consolidating near support 19125 upside resistances 19600-20090.

Hang seng weekly outlook for 27 Feb to 3 march 2017

Hang seng weekly outlook for 27 Feb to 3 march 2017

#global #market #weekly: #hangseng closed with loss. Outlook bullish and consolidating near support 23900 upside resistances 24400.

Shanghai Composite weekly outlook for 27 Feb to 3 march 2017

Shanghai Composite weekly outlook for 27 Feb to 3 march 2017

#global #market #weekly: #SSE closed with gain. Outlook bullish and hit both the tgts given by me 3205-3255. Super bullish above 3255.

Sensex weekly outlook for 27 Feb to 3 march 2017

Sensex weekly outlook for 27 Feb to 3 march 2017

#global #market #weekly: #sensex closed with gain. Outlook bullish and hit both the tgts given by me 28350-28960. Super bullish above 28960.

Asian markets weekly technical report 6 to 10 Feb 2017

asx 200 weekly technical report 6 to 10 Feb 2017

Asx 200 remain weak targets 5610 and 5530

Asx 200 index this week closed with huge loss at 5672. This week asx high point was 5765 and low was 5661. Closed near lows with heavy loss on fresh selling as well as profit booking by investors on weak commodity prices. Asx is in downtrend for month of February and below 5745 remain sell for targets 5610 and then 5530. From long term chart, asx is correcting towards 5400 support zone.

nikkei 225 weekly technical report 6 to 10 Feb 2017

Nikkei 225 short term downtrend targets 18650 and 18200

Nikkei 225 index this week closed with huge loss at 18918. This week Nikkei hit high at 19390 while low was at 18830. Total almost 550 points drop from top in a week. Nikkei daily chart price trend and momentum both are bearish. Below 19125 Nikkei future will remain sell on rise or bearish for targets 18650 and then 18200. On long term charts, Nikkei is retracing towards major support of 17900.

hang seng weekly technical report 6 to 10 Feb 2017

Hang seng index correcting towards support 22850

Hang seng this week closed with flat loss at 23129. Hang seng this week hit high at 23500 while low was at 22997. Total 500 points weekly swing and flat negative closing on profit booking. On daily chart, Hang seng index short term trend is still bullish and above major support of 22850 it will remain buy for targets 23800 and 24400. On long term charts, looking bullish and slowly heading towards 2017 targets of 24800 and above.

sse weekly technical report 6 to 10 Feb 2017

Shanghai composite bullish breakout remain buy above 3125

Shanghai composite this week closed at 3140 with loss. This week SSE hit high around 3162 while low was at 3132. Total 30 points weekly loss. For month of February, SSE above 3125 will remain bullish and buy on dips. On upside 3205 and 3255. On long term chart, SSE given bullish breakout above 3090 for 2017 and will head towards 3550 and 3990.

sensex 30 weekly technical report 6 to 10 Feb 2017

Sensex index near targets 28350

Sensex 30 index this week closed at 28240 with another strong gains. This week sensex hit high at 28299 while low was at 27590. Total 900 points strong rally from low and second positive week for this major Indian stock index. For month of February, sensex index trend is bullish and it is heading towards targets of 28350 and then possibly expect 28900.

Asian markets year 2017 technical analysis

asx 200 future year 2017 technical analysis

S&P/ASX 200 yearly outlook-remain buy tgts 6045-6388

ASX 200 index this week closed with loss. This was first negative week for asx after last 3 weeks continues positive closings. ASX 200 long term price trend and momentum both are bullish. Rally started at 5150 levels and gained almost 700 points from base. For 2017, ASX 200 index above 5400 remain bullish and buy on major dips. On upside ASX future has 2017 target zones at 6045 and then 6388. This week asx achieved my January swing target of 5840 and seen profit booking at this resistance. Daily chart price as well as indicators patterns are weak and suggesting correction or downside in next week.

Hang Seng Index  future year 2017 technical analysis

Nikkei 225 yearly outlook-support 17900 targets 20900-22600

Nikkei 225 index this week closed with loss. After last week gains Nikkei seen some profit booking in this week. On weekly chart, Nikkei 225 future price trend and momentum both are strong bullish. For year 2017, Nikkei 225 major support zone is 17900 and above it Nikkei future will remain bullish and buy. On upside 20900 and then 22600 are long term technical targets for Nikkei 225 future in 2017. If Nikkei 225 breakdown below 17900 on weekly basis then that will be start of fresh downtrend and in that scenario target will be 16200.

On daily chart, Nikkei is correcting towards January support of 18950 but outlook still bullish and short term target still at 19700.

Nikkei 225 Index  future year 2017 technical analysis

Hang Seng Index yearly outlook-heading towards tgts 24600-27550

Hang Seng Index this week closed with gain as expected. This was third positive weekly closing for this major Asian index. In last 3 weeks, Hang Seng rallied from lows of 21500 to highs of 22900. Almost 1400 points rally and strong bullish momentum. For 2017, Hang Seng Index above 21400 support on weekly closing basis remain bullish and buy on major dips. On upside 24600 and then 27550 are target zones.

Hang Seng achieved my January short term target of 22830 and closed above it with fresh bullish breakout. Above 22800, Hang Seng Index will head towards next target as well as resistance level of 23700.

Shanghai Composite Index  future year 2017 technical analysis

SSE Composite Index yearly outlook-remain weak below 3100 tgts 2650-2200

SSE Composite this week closed with loss as expected. Shanghai Composite on long term chart looking weak and trading at major support of 3100. Weekly closing below 3100 will confirm downtrend for this index. For 2017, Shanghai Composite below 3100 remain sell and my long term technical bearish targets will be 2650 and then 2200. If hold 3100 level and sustain above it then expect upside rally up to 3560.

From short term view, Shanghai Composite has given breakdown below 3150 support and entered bearish trend for targets of 3020 and below.

BSE Sensex Index  future year 2017 technical analysis

Sensex yearly outlook-support at 25950 targets 29400-32500

BSE SENSEX this week closed at 27238 with gain as expected. On long term chart, BSE Sensex is in uptrend and taken support at 25700 levels. For 2017, BSE Sensex major support zone is 25950 and above it on weekly closing basis this index will remain bullish and buy on dips. On upside BSE Sensex long term technical targets are 29400 and then 32500.

From short term view, BSE Sensex achieved my buy targets of 26900 and 27400. Above 2750, BSE Sensex will enter super bullish trend from short term view for targets 28000 and 28400 level. On downside 26950 will act as major support zone for BSE Sensex.

Asian market weekly outlook for 9-13 Jan 2017

asx weekly outlook for 9-13 Jan 2017

ASX 200 weekly forecast- near target 5840

Asx index this week closed at 5809 with gain. In last 3 weeks we saw strong rise in this index and given 200 points rally in these 3 weeks. Asx future price trend and momentum both are strong bullish.

Asx is near my swing target of 5840 and above 5840, expect another bullish breakout for target 5945. From long term view, asx is in Bull Run and heading for 6045 target look like commodity boom helping this Australian index to zoom towards skies.

nikkei weekly outlook for 9-13 Jan 2017

Nikkei 225 weekly- remain buy on dips target 19700-20325

Nikkei index this week closed at 19454 with gain. After last week correction index seen strong buying around 18900 support and closed with gain. Nikkei future price trend and momentum both are strong bullish.

Above 18950 short term view will remain bullish and trader’s strategy will be buy on dips. On upside my swing targets are 19700 and then 20350. From long term view, weekly chart rally is heading for 20900 target.

hang seng weekly outlook for 9-13 Jan 2017

Hang seng weekly- bullish breakout for target 22800-23750

Hang seng index this week closed with gain at 22500. This was second weekly gain for this index and in these 2 weeks hang seng rallied from low of 21500 to highs of 22600.

Total 1100 points rally and bullish breakout above 22150. Hang seng is now bullish and buy on dips for my swing targets of 22800 and then 23750. From long term view, 21500 was bottom and now reversal rally has long term target at 24650 in 2017.

Shanghai composite weekly outlook for 9-13 Jan 2017

Shanghai composite weekly-bullish breakout above 3145 tgt 3230

Shanghai composite this week closed with gain. This was second weekly gain for this Chinese major index. Shanghai composite has hit bottom at 3070 and taking support around those level given strong reversal.

Now trend is bullish and above 3145, Shanghai composite target will be 3230. From long term view, Shanghai composite is looking weak and below 3100 expect deep downside up to 2650 to 2175.

Sensex weekly outlook for 9-13 Jan 2017

Sensex weekly-hit 26970 target next is 27400+

BSE sensex 30 index this week closed at 26760 with gain. This was second positive week for this index major index. In last 2 weeks we saw almost 1000 points rally in sensex and bullish breakout above 26350.

On upside my first swing target was at 26970 which already hit this week and sensex recorded high just above 27k. Above 26970, sensex will remain bullish and next positional target will be 27400. From long term view, sensex above 25900 remain buy for my long term target of 29400.

Asian markets January 2017 technical view

Asx breakdown below 5640 means targets 5535 and 5340.

Asx breakdown below 5640 means targets 5535 and 5340.

Asx 200 index this week closed at 5719 with loss. On daily chart, asx future trend and momentum both are strong bullish but indicators are topping out suggesting correction ahead. For month of January, asx might correct and test 5640 and below 5640, expect fresh downtrend and strong selling. Below 5640, asx future bearish targets will be 5535 and then 5340. If sustain above 5640 then expect another bullish leg of rally and targets up to 5840 and 5940.

Nikkei future below 18960 remain sell tgts 18335 and 17600

Nikkei future below 18960 remain sell tgts 18335 and 17600

Nikkei 225 index this week closed at 19114 with gain. After last week’s profit booking some short covering seen in this week. Nikkei future daily chart price trend is bullish but momentum is losing out and below 18960 expect fresh bearish trend for this Japanese index. 18960 is make or break level for month of January but as daily as well as weekly chart indicators coming off oversold zone expect breakdown in this series. Below 18960, Nikkei future will remain sell for positional targets of 18335 and then 17600.

Hang seng index oversold but bearish tgts 21250 and 20600

Hang seng index oversold but bearish tgts 21250 and 20600

Hang seng index this week closed at 22000 with gain. This was second positive weekly closing for this major Asian index. On daily chart, Hang seng index is in downtrend and seen some short covering at lower levels. For month January, Hang seng will remain sell below 22165 level. On downside 21250 and then 20600 are monthly supports as well as target zones if fails to cross 22165 zone.

SSE Composite Index remain sell for Jan. Targets 3020 and 2940

SSE Composite Index remain sell for Jan. Targets 3020 and 2940

SSE Composite this week closed with gain. This was second weekly gain for this Chinese main index. But SSE Composite Index price trend and momentum both are down. As this bounce back get over we will see deep selling and downside up to 3020 and below it 2940 in month of January. On upside 3150 is major hurdle and breakout level. Above this level only expect upside and short term bullish cycle for SSE Composite Index. SSE Composite Index long term perspective also looking weak.

BSE SENSEX below 26365 will remain sell tgts 25925 and then 25300

BSE SENSEX below 26365 will remain sell tgts 25925 and then 25300

BSE SENSEX index this week closed at 26628 with gain. This was first weekly gain for index after last 2 weeks continues sell off. Sensex daily chart price trend and momentum both are bullish and on downside 26395 is major month support zone. Above this level, sensex future will remain buy and accumulate for targets of 27030 and then 27440 in January series.

 

But daily closing below 26395 means fresh breakdown and primary downtrend will resume for targets of 25985 and then 25350. Sensex long term support is at 26050 and weekly closing below this with strong price and volume confirm downtrend for 2017 and long term bearish targets of 23100 and below. Above 26050, sensex remain bullish and head for 29630 level.

merry christmas 2016

merry christmas 2016

May the melody and spirit of the holidays fill your home with love and peace. I wish you all the best and happy New Year too!

Nikkei monthly- next bullish targets 19170 and 20000

Nikkei 225 index December 2016 outlook

Nikkei 225 index December 2016 outlook

Nikkei 225 index on last trading session closed at 18426 with flat loss. Nikkei 225 is in uptrend and consolidating after big upside move.

For month of December 2016, Nikkei future outlook remain bullish and above 17640 support strategy remain buy on dips. On upside 19170 and 20000 are Nikkei monthly target zones.

Weekly closing below 17640 pivot support means downtrend and fresh sell signal for futures. On downside 16800 and 15300 are support zones as well as targets if downtrend start.

From long term view, Nikkei future hit recovery phase target of 18800 and now watch for breakout above this level for target 21000.

ASX monthly- remain buy targets 5680 and 5855

ASX 200 index December 2016 outlook

ASX 200 index December 2016 outlook

ASX index on last trading session closed at 5502. ASX is in uptrend and heading higher with higher lows.

 

For month of December, ASX futures above 5410 remain bullish and buy & accumulate. On upside my technical target zones are 5680 and then 5850. Daily chart price pattern suggesting base building before next bullish move while indicators are overbought but with positive divergence.

On downside 5410 is major pivot support for month of December 2016.

 

Weekly closing below this level will falter uptrend and start fresh downtrend for this index. On downside asx monthly support zones are 5235 and 4965 and these are target zones of downtrend starts.

From long term view, ASX has taken support around 5400 and heading toward my long term technical target of 5865.

Nikkei 225 entered super bullish zone achieved targets 17800 and 18225

Nikkei 225 entered super bullish zone achieved targets 17800 and 18225

NIKKEI 225 index technical analysis

Nikkei 225 index last closed at 18307 with flat loss. Nikkei is in strong uptrend and we seeing daily rallies on weak yen and strong buying throughout the market. Nikkei future achieved my targets of 17800 and then 18225. Above 18225, Nikkei will remain super bullish for big upside targets of 18980 and then 19400. Nikkei daily chart indicators are overbought but momentum is strong so expect small consolidation and rally might resume for super bullish targets.

ASX future hit my target 5530 next tgt 5670

ASX future hit my target 5530 next tgt 5670

Asx 200 index technical analysis

Asx 200 index last closed at 5520 with loss. Asx is in uptrend and after strong breakout above 5440 target, ASX future achieved my given target of 5530. Trading below it but outlook and momentum still strong bullish and breakout above means next target of 5670. Asx after strong sell off up to 5200 level give strong reversal move on value buying as well as short covering. This fresh move above 5400 has its long term target around 5885.

Weekly-Nikkei 225 index achieved target 17805 next target 18225

Weekly-Nikkei 225 index achieved target 17805 next target 18225

Nikkei 225 weekly forecast for 21 to 25 November 2016

Nikkei this week closed with strong gains. This Japanese index extended Bull Run and achieved my given target of 17800 and now heading for next targets of 18225. Above 17800, Nikkei remain bullish and buy for target 18225. After last week high volatility bulls are still in change and taken index to higher levels. BOJ fundamental move also support yen as well as Japanese stock markets. This bullish move has its medium term target at 18825. Above 18825, Nikkei future will be bullish for long terms.

Weekly – ASX hit target 5440 next tgt 5530

Weekly – ASX hit target 5440 next tgt 5530

ASX 200 weekly forecast for 21 to 25 November 2016

ASX 200 index this week closed at 5427 with flat loss. Asx is in recovery phase and bounced back after sharp selloff. On downside ASX achieved targets of 5205 and 5295. On upside 5440 is major hurdle and was recovery rally target which was got achieved in this week. Above 5440, asx future will become bullish and buy on dips for target 5530 which can be expected in next week. From long term view, above 5400, asx will remain bullish and buy for target 5885.

Nikkei weekly-taken support at 17k and heading towards 17800+ target

Nikkei weekly technical report for 14 to 18 November 2016

Nikkei weekly technical report for 14 to 18 November 2016

Nikkei 225 index this week closed at 17374 with gain. This week Nikkei hit low around 16100 while high was at 17621. Total 1500 points high volatile swing and positive closing for this major index. Nikkei this week closed with weekly gains after last week’s continues strong negative closing.

 

Technically, Nikkei is in uptrend and has taken strong support at 17050 level. On upside 17800 and 18225 are major resistances as well as target zones. Weekly closing below 17050 means fresh down trend and extreme volatility.

 

From long term view, Nikkei is in downtrend almost achieved downside both targets of 14500 and 16700 and now recovering towards target of 18800.

Asx weekly-bullish breakout targets 5530-5670

Asx weekly technical report for 14 to 18 November 2016

Asx weekly technical report for 14 to 18 November 2016

Asx index this week closed at 5446 with gain. This week we saw high volatility across all global market on US election news. Asx this week closed with weekly gains after last 4 weeks continues sell off.

 

Asx 200 this week given breakout above 5430 level and now it is in uptrend and with strong recovery momentum which might change into bullish buying. For next week stock future traders can expect 5530 and then 5670 as target zones. On downside 5430 is immediate support and stop loss level. Below 5430 next major support will be 5205.

 

From medium to long term view, asx above 5400 remain bullish and buy for target 5885.

Nikkei 225 index approaching major support 17050 below it remain sell

Nikkei 225 index monthly chart technical analysis November 2016

Nikkei 225 index monthly chart technical analysis November 2016

Nikkei index on last trading session closed at 17134 with huge loss. Nikkei opened strong for month of November but heading towards major support of 17050. Nikkei major support is 17050 and weekly closing below it means downtrend for month of November.

 

Nikkei November monthly trend still bullish and above 17050 it will remain buy. On upside 17800 and 18225 are monthly resistances as well as target zones. But currency price and indicators pattern suggesting, Nikkei will break down below 17050 and head towards support as well as bearish monthly targets of 16650 and then possibly 15850.

 

Nikkei weekly chart showing recovery bounce back is over and Nikkei heading towards previous lows as well as long term supports of 16700 and 14500.

ASX 200 monthly-achieve dtarget 5295 next tgt 5210

ASX 200 monthly chart technical analysis November 2016

ASX 200 monthly chart technical analysis November 2016

ASX 200 index on last trading session closed at 5311 with loss. ASX after breakdown below 5430 achieved its downside first target of 5295. Below 5295, asx next major support as well as downside targets will be 5205.

 

Asx November monthly trend and momentum both are absolute down and there still downside left for this index. Around 5200 level ASX future will be best short to medium term buy for targets 5295 and then 5430.

 

ASX 200 weekly chart showing very bearish price pattern as well as indicators pattern and below 5400, index will be bearish and heading toward medium to long term target of 4850.

Samvat 2073: Sensex, Nifty End Flat In Muhurat Trading

bloomberg quint-Indian shares closed little changed at the end of a special Muhurat trading session as investors booked profits in some of the lenders.
The S&P BSE Sensex was little changed at 27930 while the NSE Nifty lost 0.1 percent to 8,625. The market breadth remained in favour of the bulls with 1,179 advances, 409 declines and 291 stocks remained unchanged.

Samvat 2073

The Sensex has climbed 8 percent since last Diwali on November 11, 2015, as overseas investors stepped up purchases of local shares. Twenty two of the 30 index members have risen since last year’s Muhurat day, powered by Tata Steel Ltd.’s 83 percent rally and GAIL India Ltd.’s 54 percent advance. Software maker Wipro Ltd. and Lupin Ltd., a drugmaker, fell 17 percent and 16 percent respectively.


Foreign investors have sold $616 million of local stocks this month, the first outflow since February and the most among eight Asian markets tracked by Bloomberg.
The Sensex has climbed 6.9 percent this year and trades at 16.6 times projected 12-month earnings, compared with a multiple of 12.4 for the MSCI Emerging Markets Index.
The markets will be closed on Monday for Diwali and resume regular trading on Tuesday.

Asian markets report for 20 october 2016

asx markets report for 20 october 2016

ASX index has taken support at 5460 as expected. Corrective target achieved now time for upside rally. On upside 5535 to 5550 will be short term target. While for swing traders 5460 was best buying level with a price target of 5640 which can be expected in this week. The daily chart is oversold and coming off from the lows suggesting big and strong rally ahead for ASX. Weekly chart also signaling the same view and here medium term target will be on the upside and is it at 5865.traders here keep buy on dips strategy for target 5640. If ASX future retrace towards 5460 then it will be best buying opportunity.

nikkei markets report for 20 october 2016

Nikkei achieved upside target of 16980 and now watch for breakout move above 16980 and expect next target of 17500. Nikkei daily chart technical picture is bullish and expect this fresh bullish move will have its target around 17500. Nikkei weekly chart is strongly bullish and suggesting big rally ahead which has its target at 18830. On downside 16700 is strong support zone. On Nikkei future keep buy on dips view and expect next swing target at 17500.

weekly-buy nikkei around 16650 for targets 16980 and 17500

NIKKEI weekly tips for 17 to 21 october 2016

NIKKEI weekly technical levels for 17 to 21 october 2016

Markets Trend and Levels
weekly Trend correction
Resistance 2 17500
Resistance 1 16980
Support 1 16650
Support 2 16300

 

 

 

NIKKEI weekly tips for 17 to 21 october 2016

 

nikkei future already achieved 16980 target

and seen strog supply from market on those levels.

nikkei index is in corrective phase and

heading towards major supports to test them so

 

buy nikkei around 16650

with stoploss below 16300 for

swing targets 16950 and 17500.

weekly-buy ASX around 5470 for targets 5580-5640

ASX weekly tips for 17 to 21 october 2016

ASX weekly technical levels for 17 to 21 october 2016

Markets Trend and Levels
weekly Trend correction
Resistance 2 5640
Resistance 1 5580
Support 1 5470
Support 2 5370

 

 

 

ASX weekly tips for 17 to 21 october 2016

 

ASX index is in corrective phase and

heading towards major supports to test them so

 

buy ASX around 5470

with stoploss below 5370 for

swing targets 5580 and 5640.