Saturday, December 28, 2013

Future of Korean KOPSI.

Kospi is still in the same spot which I have specified in my last posting. 1980 level is a good support for coming week and there is a good chance that it may bounce in the upside from that level. But if Kospi breaks around 1950-60 ranges in the downside then it will be not good for it, as there is a chance of creating a bearish pattern.


In coming week if Kospi breaks 2000 ranges in the upside then it will try to test 2050 range which it failed to break in last two years. But unless Kospi is breaking 2020 range in the upside or at least give us a sign that it is going to stay above that range we may not see a better environment and for this I think it is better get full confirmation in this higher level.


Last time I was talking about an upward channel and since it does not break that level completely so I am still maintaining my view of starting a new uptrend if it breaks around 2050 level.

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Future of HANG SENG.

Hang Seng is getting resistance at around 23250 ranges and unless it is breaking that level, 23550 ranges look far from it.

Last two days were better for it and so long it maintains 22500 range I can not negate the move of testing 23550 level.

But if it breaks 22500 range in the downside then it may go into a bearish zone, in fact it may make a bearish pattern in future so therefore Hang Seng may test around 21500 range.

On a long-term basis it is moving an upward channel from around 2011 level so unless it is breaking that channel I am not expecting a big correction in Hang Seng.

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Friday, November 22, 2013

Future of Korean KOPSI.

It is good that Kospi is maintaining 1990 support range and but that does not give any comfortable situation. Unless Kospi is breaking 2015 range in the upside or at least give us a sign that it is going to stay above that range we may not see a better environment and for this I think it is better get full confirmation at this higher level.

Last day was good and we may see some good early days but if it fails to test 2015-20 range or breaks 1990 level in the downside then Kospi may not create a good environment below 1950-60 range. In fact there is a chance of creating a bearish pattern in that level but that is still far.

 It looks like that kospi is moving on a upward channel and if that trend continues in coming future then Kospi may start a new up trend if it able to break around 2050 level in the upside which it failed to break during near about last two years. So that must be a big challenging job for Kospi. I think it is better to talk about this bullish option when Kospi will be breaking 2030-35 range.



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Saturday, August 10, 2013

Future of stock market.

I am listening the same music during last few years that market is going to crash but up to now it acts totally opposite for Dow Jones and also to some extent for Emerging markets and Euro zone. Recently Emerging markets have faced little volatility due to that US Fed’s tapering and currency related matters but that is far from a market crash.

As a trader I always feel that market is going to surprise many of us and recent cycle in Dow Jones I.A. is a good example of that. As we know that during last few years, Dow is not moving fundamentally but on easy money. If this trend in Dow continues then we may not see a major correction or I would say a big crash unless US economy finds itself on good track or I would say that US citizens can afford that. 


In the last day Dow’s intra-day reverse movement was better but it is getting good resistance at around 15450 range. So long Dow Jones I.A. maintains 15400 ranges there is a chance that it may again reverse in the upside but if it drops more and breaks that range then there is a chance of more corrections. In that scenario I may think about an initial support at around 15240-60 ranges if Dow breaks that then its support will be around 15160 ranges (50% Fb. Ret. range). I want to give more emphasis on 15400 level, below that Dow has the option of giving big negative days but if Dow respects this support range then it may again move in the upside, in that case I will be looking on maintaining 15550 level first. If Dow able to maintain that higher levels then it may be heading for a new high.

Saturday, June 15, 2013

Dax forecast for coming week ended 21st June, 2013.

Dax is following a bearish downward trend, last day’s close was supporting that. If this trend continues or Dax tries to trigger the probable bearish pattern which it is making then it may visit around 7900 level but it is hard to say that whether we are going to see that in a straight way or a gradual drops.

Dax can avoid this bearish trend by just maintaining that around 8100 range. I would like to talk about the bullish phase only when it will give stronger closings above 8300 level but now it looks far, so it is better first to look on the support of 8100 range and thereafter if Dax shows any strength then it will try to stay above 8200 level.

NOTE Please see the disclaimer of this blog
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