TURNING POINTS

HOW TO USE TURNING POINT LEVELS

noreply@blogger.com (Ketan Asher) — Tue, 13 Oct 2015 19:29:00 +0530

The four time frames considered here are Annual, Monthly, Weekly & Daily. The Resistance levels are named RA, RM, RW & RD and the corresponding Support levels are named as SA, SM, SW & SD. The range given in the table should be considered as a normal trading range for the given time frame. The market price will have very good momentum on the upside as long as it remains

NIFTY FUTURE WEEKLY CHART FOR WEEK ENDED 08.05.2015

noreply@blogger.com (Ketan Asher) — Mon, 11 May 2015 09:24:00 +0530

MARKET MATHS

noreply@blogger.com (Ketan Asher) — Fri, 2 Jan 2015 12:53:00 +0530

MARKET MATHS Market participants always believe the stock markets to be quite random and are always perplexed about its movements. For a trader, any idea that helps to find swing top/bottom is always welcome. In a book by W D Gann, titled “How to make profits in Commodities” he has

BANK NIFTY FUTURE WEEKLY

noreply@blogger.com (Ketan Asher) — Sat, 7 Sep 2013 13:34:00 +0530

BANK NIFTY FUTURE WEEKLY In the above chart, I have drawn Andrew's Pitchfork with starting point A as Jul 2006, point B as High of 13320 and point C at low of 7750. When doing so, the median line has provided perfect resistance at the recent all time high of 13348. While making a new high at 13348, it has also made a double top and corrected sharply to make a

NIFTY FUTURE MONTHLY CHART

noreply@blogger.com (Ketan Asher) — Sat, 17 Aug 2013 20:13:00 +0530

NIFTY FUTURE MONTHLY CHART In the attached monthly chart of Nifty Future, I have drawn Andrew's Pitchfork, wherein you will observe that lower parallel line was providing support on many occasions in the past.Current month candle is now decisively out of the lower parallel line and had a free fall yesterday. As shown on the chart, we can expect it to take support around @

THREE LOW VALUE STOCKS FOR 2013

noreply@blogger.com (Ketan Asher) — Tue, 1 Jan 2013 22:30:00 +0530

3I INFOTECH LTD. MONHTLY FIRSTSOURCE SOLUTION LTD. MONTHLY TTML MONTHLY WISHING YOU ALL A VERY HAPPY & PROSPEROUS 2013. I have attached monthly charts for 3I InfoTech, Firstsource Solution Ltd and Tata Tele Ltd. All these stocks are low priced and have gone through lot of bad times in the past few months. Though the indices are trading near their 52 week high

TTML & A B NUVO MONTHLY CHART

noreply@blogger.com (Ketan Asher) — Sat, 17 Nov 2012 13:04:00 +0530

ADITYA BIRLA NUVO MONTHLY TTML MONTHLY WISHING YOU A VERY HAPPY & PROSPEROUS NEW YEAR. TTML: TTML is a telecom provider and this sector is known for all that can go wrong for the past couple of years. This stock has been trading @ Rs. 11.40 after being beaten down for the past 49 months. From the attached monthly chart, you will

CENTURY TEX WEEKLY CHART

noreply@blogger.com (Ketan Asher) — Sat, 13 Oct 2012 14:30:00 +0530

CENTURY TEX WEEKLY On the attached weekly chart (Futures), you will observe that this stock has been making higher top/higher bottm for the past 7 weeks and closed last week at 391 after making a new 52 week high of 395. My observations are as follows: 1. Current market

noreply@blogger.com (Ketan Asher) — Sun, 30 Sep 2012 20:53:00 +0530

DCB MONTHLY CHART The attached monthly chart of Dev. Credit Bank, indicates that it is ready to break out of a triangle - once it trades above Rs. 44/= during Oct 2012. Considering that it is ready to break out, it would also be good idea to invest even on declines with stop loss of Rs. 40/=. On the way up, it will find resistance at

BANK NIFTY FUTURE, SBI FUTURE & DCB

noreply@blogger.com (Ketan Asher) — Sun, 8 Jul 2012 15:20:00 +0530

SBI FUTURE WEEKLY / DCB MONTHLYBANK NIFTY FUTURE WEEKLYBANK NIFTY FUTURE:In the attached chart you will observe that after taking support on the lower parallel line (in Blue) of Andrew's Pitchfork, Bank Nifty Future has been showing strength for the past five weeks - with the last week's close (10643) near the high of the week.One can consider going long - on declines, with stop loss of 10500 (

SAIL FUTURE WEEKLY CHART

noreply@blogger.com (Ketan Asher) — Sun, 1 Jul 2012 11:46:00 +0530

SAIL FUTURE WEEKLY CHARTWith markets not only at home but also overseas turning bullish, one should look for buying opportunites. In my view, Nifty Future can - over the next couple of weeks go up to 5600-5700.With this backdrop, I find SAIL weekly chart given above, gives a safe opportunity for investor/trader.In the attached chart, you will find that Sail has been consolidatting for the past 19

TURNING POINTS FOR WEEKENDED 01.06.2012

noreply@blogger.com (Ketan Asher) — Sat, 2 Jun 2012 09:49:00 +0530

NIFTY FUTURE WEEKLY / NIFTY FUTURE EODIf you wish to receive an email alert wheneer I updated the blog, pl write to me at turningpoints.in@gmail.comA weak open on Monday and further downside for Nifty Future is a foregone conclusion with our markets closing near the low of the week and furhter confirmed by weakness in US markets.On the attached EOD chart, I have drawn Andrew's Pitchfork which

HDFC LTD. WEEKENDED 04.05.2012

noreply@blogger.com (Ketan Asher) — Fri, 4 May 2012 21:34:00 +0530

HDFC WEEKLY CHARTTo receive email alert about my post, please send a mail to turningpoints.in@gmail.com This stock has been trading in a narrow range of Rs. 80 for the past 13 weeks. In sync with the market weakness, this stock too has been declining and has closed weak today at 665. However, it remains inside the triangle marked on the attached chart. The downside breakout level is at 650 level

BANK NIFTY FUTURE EOD 30TH APR 2012

noreply@blogger.com (Ketan Asher) — Mon, 30 Apr 2012 22:13:00 +0530

To receive email alerts in future, please send a mail to turningpoints.in@gmail.com. BANK NIFTY FUTURE : In the attached Chart, I have marked a triangle which shows that we are close to the apex of the triangle and break out is just a few days away. As can be seen on the chart, the upside breakout happens above 10530. While one would like to believe

NIFTY FUTURE QUARTER ENDED MAR 2012

noreply@blogger.com (Ketan Asher) — Sat, 31 Mar 2012 20:01:00 +0530

NIFTY FUTURE QUARTERLYAs per the basic charting principles, as the time frame increases - so does the significance of the signals given by the chart. As quarterly chart is next in line to the Annual chart, its significance can not be undermined. The key features of the Mar 2012 quarter are:1. During the quarter Nifty Future made a range of 1108 points (High 5700 & Low 4592).2. After previous

INVESTMENT IDEA - GLENMARK PHARMA

noreply@blogger.com (Ketan Asher) — Sat, 24 Mar 2012 20:33:00 +0530

GLENMARK PHARMA WEEKLYOn the attached weekly chart of Glenmark Pharma, you will find that the stock is consolidating for over 2 years in a 135 points range. With the stock now coming near the apex of the triangle, looks ready for upward break out.Though the breakout takes place at 325, one can consider it for buying above 300 with stop loss of 285. Once it breaks out of 325, it will gain

SPECIAL UPDATE - CENTURY TEXTILES

noreply@blogger.com (Ketan Asher) — Fri, 23 Mar 2012 21:12:00 +0530

CENTURY TEXTILES WEEKLYRegular visitors would recall that I had been updating the weekly chart on this blog for a long time. I have posted this Special Update, as the stock has moved up considerably in the past week and has given a strong breakout with high volumes on the weekly chart. On the attached chart, you will observe that after consolidating for about 5 weeks, Nifty Future has broken out

TURNING POINTS FOR 23.03.2012

noreply@blogger.com (Ketan Asher) — Thu, 22 Mar 2012 21:20:00 +0530

NIFTY FUTURE 30 MIN / NIFTY FUTURE EODNIFTY FUTURE:After a sharp up move yesterday, Nifty Future made a sharp down move, taking Nifty Future below yesterday's low and thereby creating a panic like situation. I have updated the blog today with the hope that with the help of the attached charts we can be prepared for tomorrow's trading.The close does indicate that we may see a weak

IMPORTANT NOTE

noreply@blogger.com (Ketan Asher) — Tue, 28 Feb 2012 21:47:00 +0530

With effect from tomorrow, I plan to discontinue the daily/weekly updates. Instead, I will now post stock / index ideas of particular interest occasionally.As and when I update the blog, I will send an alert tthrough my twitter account.Moreover, I now plan to start weekly training programmes during market hours. Those interested may write to me at turningpoints.in@gmail.com for details.Thank you

TURNING POINTS FOR 29.02.2012

noreply@blogger.com (Ketan Asher) — Tue, 28 Feb 2012 21:22:00 +0530

NIFTY FUTURE 30 MIN / NIFTY FUTURE EODNIFTY FUTURE:As the world markets were flat to positive yesterday, Nifty Future too opened strong and maintained the up move through the day. May be market realised that yesterday's fall was little over done. Today's close at 5442 is near the top (5459) of the day - suggesting strength. Should be we consider yesterday's sharp fall just as an

TURNING POINTS FOR 28.02.2012

noreply@blogger.com (Ketan Asher) — Mon, 27 Feb 2012 21:20:00 +0530

NIFTY FUTURE 30 MIN / NIFTY FUTURE EODNIFTY FUTURE:In today's trading, Nifty Future opened weak and maintained downside bias which accelerated once Nifty Future broke 5400. It closed the day (5339) weak near the low of the day (5326). As Nifty Future broke 5400 effortlessly, there was a sharp fall across the sectors. Considering the sharp fall today, I would expect Nifty Future to take

TURNING POINTS FOR 27.02.2012

noreply@blogger.com (Ketan Asher) — Sun, 26 Feb 2012 20:09:00 +0530

NIFTY FUTURE 30 MIN / NIFTY FUTURE EODNIFTY FUTURE:Having come of the Andrew's Pitchfork, Nifty Future continued to maintain downside bias in Friday's trading. It left the previous gap at 5454 unfilled by just 2 points (low of 5456). For tomorrow. break of 5450 will take Nifty Future down to an important support level at 5403 (High of previous quarter). There could be a bounce from this

TURNING POINTS FOR WEEKENDED 24.02.2012

noreply@blogger.com (Ketan Asher) — Sun, 26 Feb 2012 19:54:00 +0530

NIFTY FUTURE WEEKLYThe 8th week has finally given much awaited correction and an opportunity to buy at lower levels. The last week saw a small trading range of 179 points (High 5635 & Low of 5456) but neither broke the previous week's high nor low. It closed the week at 5487 - near the low of the week, suggesting weakness to continue for the next week. For the coming week, down side break

TURNING POINTS FOR 24.02.2012

noreply@blogger.com (Ketan Asher) — Thu, 23 Feb 2012 20:57:00 +0530

NIFTY FUTURE 30 MIN / NIFTY FUTURE EODNIFTY FUTURE:In volatile trade, FNO settlement took place today on a bearish note. Intrestingly, Nifty Future has finally come out of the Andrew's Pitchfork on the 30 min chart. On the same chart you will also find that intra day, Nifty Future retraced without being able to move inside it. Secondly, on the EOD chart you will find that Nifty Future

TURNING POINTS FOR 23.02.2012

noreply@blogger.com (Ketan Asher) — Wed, 22 Feb 2012 21:19:00 +0530

NIFTY FUTURE 30 MIN / NIFTY FUTURE EODNIFTY FUTURE:And finally, we saw a correction in Nifty Future, which took everyone by surprise for its intensity. After a stable opening Nifty Future did make an attempt to inch up, but could not manage higher than previous day. In today's trading, Nifty Future made a high of 5433 and low of 5502. It closed the day at 5518. On the EOD chart you will