WEEK 12th mar to 16th mar

Markets spend the time consolidating at the 1st major support to give a bounce before the major event of budget unfolds..Events will overtake the current week with swings either side..Medium term investments should be held while small trading lots should be traded. 5350 seems to be the S/R for the week with a range of 5420-5290..and (outer range) 5550-5150..The bias is positive so trade accordingly with strict stop losses..enjoy your trades ..cheers

WEEK MAR 5TH TO 9TH

Markets are still in consolidation mode , events like election results /budget /RBI policy are in the horizon..a 200 point range over/ below 5420 remains in the coming days /week..any dip or rise above these levels will show the market trend in short term..Wait for dips to get in with your favorite stocks for medium term..enjoy your trades cheers.

WEEK 27TH FEB TO2ND MAR

Markets gave the classic jerk (sharp one) last week..The last major swing we crossed was at 5400 (NF)..supports lie there below which we can keep trailing all the way to 5200 or lower..5526 seems to be the S/R for the coming week with a range of 5600 to 5400 as a trading possibilities..The correction is not over as yet ,so be a trader and also use opportunities of ride back for liquidating long positions if still not liquidated..cheers

WEEK 21ST TO 24TH FEB

The coming week is a truncated and a settlement week. Markets are at a top with regular gap ups & profit taking w/o any significant dips for reentry..555o will be a key area for the coming week with a minimum range of 150 points +/- 100 points..Do book profits in your positions if already not done , trade in smaller quantities in the direction of the market with very strict stop losses for the next 8-10 days..The dip will come and it will be sharp -quick..Buy then ..enjoy the trades till then.. cheers

WEEK 13TH TO 17TH FEB

Markets are range bound at the peak of this multi week ride w/o giving a significant correction..Wise traders would have booked out waiting for good dips to get in again..There is leg room on the upside till 5760 but markets should give a healthy correction for the next leg up..5400 will be key level in the coming week with a range of 5250-5550.. trade accordingly..
PS : hope the charts postedlast week helped visitors to the blog..cheers

WEEK 6TH FEB TO 10TH FEB

(CLICK TO ENLARGE)

The charts loaded above are self explanatory. In the 1st chart ie monthly channel , we have just breached the multi month (14)down ward channel right now..any correction from here on will take us back into the channel..5200-4200 are the channel range in the downward channels and cross can take us upto 5800..the channel above is 5800-6500.This should be the coming months trading stratergy.

The 2nd chart ie daily is indicating that we have broken the channel top of 5300 and are heading towards the top ie5500-5550..below 5300 the markets can give a quick correction to 5200-5050...only below 5050 is the bull story in pain..

Plan your trades in the coming days/weeks/month as per the levels charts given above..Hope this helps all vistors to this blog.

cheers

WEEK 30TH JAN TO 3RD FEB

Markets are generally unrelenting when in trends either bullish or bearish...hope ppl. enjoyed the ride up..This month is ending on a good positive note..we have reached the upper end of the channel and 5160 should be the S/R fore the coming week with a range of 4950-5350 ..Traders should wait for good dips now to get in so as not to be trapped at high levels..tech savvy traders can keep trading the trend with strict 20- 30 points sl on the nifty..trends generally are set by insistant FII flows and when this drops the sheer heights give decent correction for 2-3 days..Do book and keep trading..cheers

WEEK 23RD TO 27TH JAN

Markets have given a spectacular move from the lows..this being the settlement and a truncated week ..trade light /book profits and buy on dips...4980 is the S/R for the coming week with a range of 4900-5130 +/- 150 points if wild swings come..Wait patiantly for getting in..do book & enjoy the trade and the week..cheers

WEEK 16TH TO 20TH JAN

Markets zipped up to the resistance zone of 4900 after crossing 4750 last week..looking ahead the global cues and our results will detail if we cross 4900 for a rush to 5000 + or not. 4830 is the zone to watch this week below which we may drift to 4755-4670..above 4900 we will move towards 4960/70 to 5050 zone..Do book profits if not done already & Wait for a good dip to get in again . For long term investers the capitulation last month was a good oppurtunity as i had recommended to get into select shares..(Rupee also is stronger now)..enjoy your trades cheers

WEEK 9TH TO 13TH JAN

Markets all over moved positive in the new year..Our markets are in a resisitance zone of 4750-4780 cross of which can propel us towards 4880-4900 zone for the coming week..below 4700 zone we can drift towards the gap zone of 4600 again..Time wise its important we cross 4800 zone and close above it for a few days failing which the markets may end up in the usual JANUARY correction..4730 is the S/R to bewatched next week with a range of 4850-4630..
enjoy your trades ..cheers

HAPPY NEW YEAR

Would like to wish all the friends visiting this blog a very happy prosperous new year..
The year gone by has been very tough as generally world over ppl play bulls and bears play is left to professionals..The financial crisis gives very jerky volatile movements and even the diehard who are in long term investments get shattered in averaging ..for the weak hearted traders its a never ending bad dream...
So what is 2012 holding for us..well technically rupee is depriciated by 20% so prices of shares /value of index is app. at around 4000...logically/historically at such rupee values say 54-56 ..smart money should move in some time..keep an eye on FII cash buying.. we are already correcting for 14 months now from 2010 Diwali high...whenever they buyheavy ..time you move in for long term..43-4400 could be a support below the recent lows ..below which then markets can spiral any where...once we cross 5150 on the index we will head towards 5400-5750 zone ...Euro zone news will propel/drop markets in coming weeks/months..also our own India centric financials should also turn for faith to be reposewd in india story..
for next week watch 4680 zone as S/R with a range of 150-200 points..enjoy the year
cheers.

WEEK 26TH DEC TO 30 DEC

Markets gave us the move up from the oversold zone..toward the 4800-30 zone but failed to capitalise fully the golbal moves..India story looks weak right now and markets may remain range bound between 4650-4830 till a breakout/in does not take place for a 150-300 points either way..till then trade the range with strict sl. ...cheers and wishing all a very happy prosperous new year..

WEEK 19TH DEC TO 23RD DEC

Markets slipped suddenly after not receiving the boost from RBI ..This was the last event for this year in India so market will move in the next 2 weeks maybe on global cues and indian punters as Festive weeks come ahead till after New Years..Rely on Technicals ..4730 seems to be the S/R for the week ahead..Watch 4620 for any breakdown till 4500-50 levels ...4840-50 will be resistance for times to come ,only over which a rally can take place and give comfort to the bulls..enjoy your trades and the festive season..cheers

WEEK 12TH DEC TO 16TH DEC

Markets cooled off as expected and touched the bottom ie 4850 of the range which was suggested last week.Markets will consolidate in case it has to move ahead..Not clearing 5220 last week shows the inherrent weakness still in the market..Despite golbal markets quickly recovering their losses indian markets by and large always slip till we react to very oversold positions with quick reversal rallies..Do try to preserve your capital in this volatality by trading in small quantities if you are not a technical trader..otherwise buy in dips should be the key till the markets done turn bullish.4950 is the S/R of the coming week with a range of 4650-5250..enjoy your trades..cheers

WEEK 5TH TO 9TH DEC

Markets mostly moves on TECHNICALS , not on NOISE , got proved last week.. My call last week MONEY MAKING IS BECOMING TOO EASY in SELLING /BABY BEARS WILL BE TRAPPED SOON , does prove the point..we managed rich dividents by posting most of our profits on friday of the buy in panic bottoms done 1week back and carrying the rest with a strict SL for the coming week..4980 looks to be the S/R for the coming week with a range of 4850- 5250 ..Keep booking your profits as we go along & buy in dips when we get them..enjoy your trades ..cheers