TREND WATCH-JUNE 1

TREND WATCH------
• Last swing high is at 5029. (Higher high)
• Last swing low is at 4786. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810**.
--- The down trend will ‘terminate’ above 5105.
• In the short term,
• --- Nifty is in corrective up move (from 26th May) with targets of 4910**, 4940**, 4980**. And with revision (from 28th May) in targets of 5080**, 5110**, 5150.
---The up move will ‘terminate’ below 4786.
(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in small range of 60 points between 5038 and 5098. (Range contraction).
• Nifty gave its best closing in last 11 days.
• Target of 5110 almost achieved now.

TRADING PLAN AND SYSTEM

************TRADING PLAN--------

“Plan your trade and trade your plan”

Contrary to popular belief, you do not need to know where the market will top and bottom to make money in the markets. In fact, that is where most people go wrong.

The best traders in the world realizes that neither they nor anyone else knows what is going to happen. Sure, everyone can point out tops and bottoms after the fact, but no matter what anyone tells you, no one can pick tops and bottoms consistently before the fact.

So how do you make money without picking tops and bottoms?

Successful trading is not dissimilar to any other successful business. Every successful business has a business plan and so do successful traders.

A trader’s business plan is known as a trading plan – it defines his approach to trading. A properly constructed trading system will leave no room for human judgment because it will define your plan, given any circumstances that may arise. It is a distinct set of rules that will instruct the trader what should be done and when to do it.

The importance of a trading plan cannot be overstated. Without a consistent set of guiding principles to govern your trading decisions, you will most likely hop from one trade to the next, impelled by emotions.

By not having a plan, you are planning to fail.

***********TRADING SYTEM-----


Most successful traders use a mechanical trading system. This is no coincidence. A good mechanical trading system automates the entire process of trading.

The system provides answers for each of the decisions a trader must make while trading. The system makes it easier for a trader to trade consistently because there are a set of rules which specifically define what should be done.

The mechanics of trading is not left up to the judgment of the trader. If you know that your system makes money over the long run it is easier to take the signals and trade according to the system during periods of losses.

If you are relying on your own judgment during trading you may find that you are fearful just when you should be bold and courageous when you should be cautious.

If you have a mechanical trading system that works, and you follow it rigorously your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit.

The confidence, consistency, and discipline that a thoroughly tested mechanical system affords is the key to many of the most profitable traders’ success.

TREND WATCH-MAY 28 & 31

TREND WATCH------
• Last swing high is at 5029. (Higher high)
• Last swing low is at 4786. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810**.
--- The down trend will ‘terminate’ above 5105.
• In the short term,
• --- Nifty is in corrective up move (from 26th May) with targets of 4910**, 4940**, 4980**.
Above 5029, further targets for the corrective up move will be 5080, 5110, 5150.
---The up move will ‘terminate’ below 4786.
(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 119 points between 4897 and 5016. (Range expansion).
• Nifty gave its best closing in last seven days.
• All targets for short term corrective up move achieved now.
• Above 5029, further targets for the corrective up move will be 5080, 5110, 5150.

TREND WATCH-MAY 27

TREND WATCH------
• Last swing high is at 5029. (Higher high)
• Last swing low is at 4786. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810**.
--- The down trend will ‘terminate’ above 5105.
• In the short term,
--- Nifty is in corrective up move (from 26th May) with targets of 4910**, 4940, 4980.
---The up move will ‘terminate’ below 4786.
(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 118 points between 4807 and 4925. (Range expansion).
• ‘Inside day’ formed today as Nifty traded between high and low of yesterday.
• Nifty is now in corrective up move between swing low and high.
• Swing low of 4786 formed now which is lower then previous swing low of 4842.

TREND WATCH-MAY 26

TREND WATCH------
• Last swing high is at 5029. (Higher high)
• Last swing low is at 4842. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810**.
--- The down trend will ‘terminate’ above 5105.
• In the short term,
--- Nifty was in corrective up move (from 24th May) which is terminated now.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 160 points between 4786 and 4946. (Range expansion).
• Short term corrective up move is terminated now as Nifty traded and closed below swing low of 4842.
• Swing high of 5029 formed now which is higher then previous swing high of 4980.
• All targets for medium term down trend are achieved now.

TREND WATCH-MAY 25

TREND WATCH------
• Last swing high is at 4980. (Lower high)
• Last swing low is at 4842. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is in corrective up move (from 24th May) with targets of 4990**, 5040**, 5090.
--- The corrective up move will ‘terminate’ below 4842.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 106 points between 4923 and 5029. (Range expansion).
• Short term down trend is now terminated and in short term, Nifty is now in corrective up move.
• Swing low of 4842 formed now which is lower then previous swing low of 4908.
• Long upper shadow formed today which is bearish.

*****12.30pm update***
---Nifty made low of 4831, so almost all targets for medium term down trend also achieved now.
---Swing high of 5029 formed now.

TREND WATCH-MAY 24

TREND WATCH------
• Last swing high is at 4980. (Lower high)
• Last swing low is at 4908. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860**, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is again in down trend (from 19th May) with targets 4920**, 4880**, 4840**.
---The down trend will terminate above 4980.

Above 4980, Nifty will be in corrective up move with targets of 4990, 5040, 5090.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 105 points between 4842 and 4947. (Range expansion).
• Swing high of 4980 formed now which is lower then previous swing high of 5105.
• Long lower shadow formed today which is bullish.

***SP.NOTES**
--I have decided to make certain changes in my E-mail service.
--If you wish to take trial of the E-mail service in new format for next few days then send me your E-mail ID to drjcshah123@yahoo.com

TREND WATCH-MAY 21

TREND WATCH------
• Last swing high is at 5105. (Lower high)
• Last swing low is at 4908. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is again in down trend (from 19th May) with targets 4920**, 4880, 4840.
---The down trend will terminate above 5105.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in small range of 56 points between 4924 and 4980. (Range contraction).
• Swing low of 4908 formed now which is lower then previous swing low of 4966.
• SGX Nifty is trading around 4830, near our targets.

9.30AM UPDATE-----
--Nifty made low of 4842, so all our targets for short term downtrend are achieved now.
--this is a golden opportunity to build portfolio, we are likely to form bottom here. best picks for delivary based buying will be bharti, hdfc, infosys, l&t, reliance

12.40 update----
--Swing high of 4980 formed now, so short term downtrend will be terminated above 4980.

TREND WATCH-MAY 20

Current decline is Impulsive or Corrective???
last major swing low is at 4675 and swing high is at 5400.
After making low at 4675, Nifty took 39 trading days to make 5400.
So far nifty has took 30 trading days to reach 4908 from 5400.
So if in next 9 trading days if 4675 does not breaks then we have to consider current decline as corrective and if we break 4675 in less then 9 next trading days then we have to cosider current decline as impulsive.

Interesting time ahead......



• Last swing high is at 5105. (Lower high)
• Last swing low is at 4966. (Lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930**, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is again in down trend (from 19th May) with targets 4920**, 4880, 4840.
---The down trend will terminate above 5105.

(Targets are +/- 20 points, ** means target achieved)

IMP. NOTES----
• Nifty traded in big range of 157 points between 5065 and 4908. (Range expansion)
• Swing high of 5105 formed now which is lower then previous swing high of 5213.
• Nifty traded and closed below swing low of 4966, so short term corrective down move is now converted into downtrend.

TREND WATCH-MAY 19

• Last swing high is at 5213. (higher high)
• Last swing low is at 4966. (lower low)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is in corrective down move (from 14th May) with targets 5080**, 5030**, 4980**.
---The down move will terminate above 5213.

(Targets are +/- 20 points, ** means target achieved)
***SP.NOTES**
• Swing low of 4966 formed now which is lower then previous swing low of 5099.

TREND WATCH-MAY 18

• Last swing high is at 5213. (higher high)
• In the medium term,
--- Nifty is again in down trend (from 17th May) with targets of 4930, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is in corrective down move (from 14th May) with targets 5080**, 5030**, 4980**.
---The down move will terminate above 5213.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
• Nifty traded below 4984, so medium term trend is now down trend.
• Long lower shadow formed today which is bullish.

Get my twitter updates on your mobile via SMS by texting follow niftydoctor to 53000 in the India

TREND WATCH-MAY 17 & 18

• Last swing high is at 5213. (higher high)
• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**. Below 4984, Nifty will be again in down trend with targets of 4930, 4860, 4810.
--- The down trend will ‘terminate’ above 5213.
• In the short term,
--- Nifty is now in corrective down move (from 14th May) with targets 5080**, 5030**, 4980**.
---The down move will terminate above 5213.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
• Nifty closed below 5099, so short term uptrend is now terminated.
• Swing high of 5213 formed now which is higher then previous swing high of 5207.

***NOTES FOR MAY 18**
--Long lower shadow formed today which is very bullish.
--Nifty traded below 4984 but does not closed below 4984.but nifty is still in medium term down trend.

TREND WATCH-MAY 14

• Last swing low is at 5099. (higher low)

• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is now in up trend (from 13th May) with targets 5235, 5275, 5320.
---The UP trend will terminate below 5099.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---Nifty traded above 5207, so Nifty is now in short term uptrend.

TREND WATCH-MAY 13

• Last swing high is at 5207. (Lower high)

• Last swing low is at 5099. (higher low)

• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is again in down trend (from 4th May) with targets of 5170**, 5140**, 5070**.
---The down trend will terminate above 5207.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---Swing low of 5099 formed now which is higher then previous swing low of 4984.

TREND WATCH-MAY 12

• Last swing high is at 5207. (Lower high)

• Last swing low is at 4984. (Lower low)

• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is again in down trend (from 4th May) with targets of 5170**, 5140**, 5070**.
---The down trend will terminate above 5207.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---Swing high of 5207 formed now which is lower then previous swing high of 5295.

TREND WATCH-MAY 11

• Last swing high is at 5295. (Lower high)

• Last swing low is at 4984. (Lower low)

• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is again in down trend (from 4th May) with targets of 5170**, 5140**, 5070**.
---The down trend will terminate above 5295.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---Swing low of 4984 formed now which is lower then previous swing low of 5202.

TREND WATCH-MAY 10

• Last swing high is at 5295. (Lower high)

• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980**.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is again in down trend (from 4th May) with targets of 5170**, 5140**, 5070**.
---The down trend will terminate above 5295.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---All targets for medium term down trend achieved now.

HAPPY MOTHER'S DAY

''God could not be everywhere at the same time so he created mothers.''

Mother one word, so much meanings.

Giving birth is not easy.

From the time a woman conceives to the time she delivers, the mother-to-be goes through the ups and downs of Pregnancy.

There is a big change in the various aspects of her life, both at a physical and mental level.
Her diet, her lifestyle and her daily routine undergo a 'change'.
She goes through a range of emotions....
there is a pain yet joy.
There's anxiety yet excitement.
There's stress yet hope.
All in the anticipation of bringing a new life into this world.

WE SALUTE ALL THE MOTHERS ON THE EARTH.
AND WE WISH "HAPPY MOTHER'S DAY"

-Dr.Jignesh Shah & Dr.Jigisha Shah.

TREND WATCH-MAY 6 & 7

• Last swing high is at 5295. (Lower high)

• In the medium term,
--- Nifty is in down trend (from 4th May) with targets of 5120**, 5040**, 4980.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is again in down trend (from 4th May) with targets of 5170**, 5140**, 5070**.
---The down trend will terminate above 5295.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---All targets for short term down trend achieved now.

TREND WATCH-MAY 5

• Last swing high is at 5295. (Lower high)

• In the medium term,
--- Nifty is now in down trend (from 4th May) with targets of 5120**, 5040, 4980.
--- The down trend will ‘terminate’ above 5342.

• In the short term,
--- Nifty is again in down trend (from 4th May) with targets of 5170**, 5140**, 5070.
---The down trend will terminate above 5295.

(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---Nifty closed below swing low of 5202, so Nifty is now in short term downtrend.
---Nifty closed below swing low of 5161 also, so Nifty is now in medium downtrend.

TREND WATCH-MAY 4

· Last swing high is at 5295. (Lower high)

· Last swing low is at 5202. (Higher low)


· In the medium term,

--- Nifty is now in corrective down move (from 19th April) with targets of 5120, 5040.

--- The down move will ‘terminate’ above 5342.


· In the short term,

--- Nifty is in down trend (from 15th April) with targets of 5260**, 5230**, 5200**.

---The down trend will terminate above 5295.



(Targets are +/- 20 points, ** means target achieved)

***SP.NOTES**
---Swing high of 5295 formed now which is lower then previous swing high of 5342.