WEEK 3 RD TO 7 TH JUNE

Markets are range bound in 200-300 points now..better to wait for good dips to get in rather than get jerked on both sides in a range..enjoy the trades cheers..


Taking a 4 week break from posting here ..enjoy the holidays and trade safe cheers.

WEEK 27 TO 31 ST MAY

Markets broke the range around the result days to breach 11850 towards 12000 and above (NF) to correct slowly back into the range to end at higher end of the range at the weekend..so watch the range in the coming weeks as markets settle to see which side the buying selling is coming..till then be light and nimble and reverse positions quickly if on the wrong foot ..enjoy the trades cheers

WEEK 20 MAY TO 24 TH MAY

Markets drifted to near 11100 zone to rise in the last 2 days on short covering towards the 11500 zone  leading to the results week. Positions are light due to the event and there will be lots of jerking either way till the final results are declared..enjoy from the sidelines or be very light to avoid getting caught in jerks  and keep booking profits if there in your positions..enjoy the trades cheers

WEEK 13 TH TO 17 TH MAY

Markets rose to give the dip and broke the range with good profit taking..this dip was on the cards as the markets were tired..the range break has a support around 11300 below which can drift slowly towards 10900 zone if buying does not come back..the event of the elections is coming to an end soon..be light restrict yourself to some good stocks and let the event pass..wise traders avoid events..and thus survive the markets for longer periods. cheers

WEEK 6TH TO 10 MAY

Markets are still moving in a range of 200-250 points.. breach of this range will quickly give 150-200 points either way..be light and book profits as we climb up and wait for good dips to get into your favorite stocks..cheers

WEEK 29 APL TO 3RD MAY

Markets breached the lower part briefly on last week to bounce up back towards the high..breach of highs made could give 100-150 points quick gains,,failure then back to the range low..trade accordingly..cheers

WEEK 22 TO 26 TH APRIL

Markets in range of 11650-11850 ..break up or breakdown could be +/- 150-200 points quickly..seems we are in a slow grid up now in which trading becomes difficult except for technical traders with charts..take it easy for some time till a good dip is not available for buy.till then trade small quantities. cheers

WEEK 8TH TO 12 APRIL

Markets crossed to old highs (NF) to correct quickly..a range now is made in 11600-11900 range...it can cross quickly for a run /drop of 150=200 points..as the markets all have hit all time highs..caution should be done here and profits should be booked..compulsive traders should use strict stop losses either way..Happy navratras cheers.

WEEK 1ST APL TO 5TH APL.

Markets moved up strongly to cross the 11550-600 zone strongly to head towards the old high of 11793 (NF) made before..cross and close above this for a few days  can propel markets towards 12150-250 zone..bank nifty has already made new highs and can be driven towards 31000 in coming week in case the markets remain positive like last week...supports lie in 11550 and below at 11300 zone trade accordingly..cheers

WEEK 25TH TO 29TH MAR

Markets moved up to stall around 11600 zone (NF) to retrace or book profit  to close lower..below this  11350 seems to be a support and 11550-600 a resistance..keep booking profits as we climb up and wait for deeper dips to get in..cheers

WEEK 18 TH TO 22 MAR

Markets crossed the threshold of 11150-250 zones clearly to head towards 11500 zone. small dips are being bought due to heavy influx of FII funds..This rise can keep going to cross the last highs made or stall for a breather in next few days or weeks time will tell..but do not go against the trend ..keep booking profits in your trading or profitable postions and wait for dips to get in in small quantities ..enjoy your trades cheers.

HAPPY HOLI

WEEK 11TH TO 15 TH MAR

Markets moved up to cross 11000 levels to go towards 11150-250 zone ..supports now lie around 10950 and resistance at the levels mentioned above..trade accordingly.cheers

WEEK 4TH TO 8TH MAR

Markets moved up the supports to 10700-750 zone and the resistance is 10950-11000 to start with ..break above takes us to 11150-200 and break down again towards 10750 zone..trade accordingly cheers

WEEK 25TH TO 1 ST MAR

Markets hit the low around 10600 to bounce back to 10850 zone..supports lie around 10650-700 and resistance over 10850 around 11000..trade accordingly..cheers.

WEEK 18 TO 22 FEB

Markets made a high on the RBI meeting day to start the journey downwards as it failed to stay over 11100 zone fora few days...10850 tried to offer support which to gave way for this deeper cut.towards levels of 10600-10650 supports..a bounce back will have resistance at 10750-10850 and below is supports at 10500 to 10350 zone.trade accordingly.cheers.