WEEK 28TH FEB TO 4TH MARCH

Markets dipped hard and became volatile after breaking the S/R and the range..This is the BUDGET DAY TODAY..wait for it to be over..CRUDE is the bottleneck for our markets ..Volatality has to come down for the markets to show some semblence of upmove..S/R for this week is 5350 with a range of 5200 to 5400..Let the day go by and allow the markets to react to the budget before taking a move..Buy in good sudden dips seems to be working out now for sometime..trade accordingly.
happy trading.,

WEEK 21 ST TO 25 TH

Markets moved over the S/R then crossing 5440 did the quick 150 points to do 5589 before scumbing to profit taking again..by this quick 400 points move from bottom..Sharp correction on friday got the bears charged again..Index Stocks gave very good returns quickly..This is a event filled week..with parliament starting with JPC hanging overhead ...Settlement week etc..5460 is the S/R zone with a range of 5340-5600..Markets could be volatile so trade light and in the direction..
STOCKS: Wait for dips for getting in again.
HAPPY TRADING.

WEEK 14TH TO 18TH FEB

Markets continued to show weakness and made lower lows last week due to lack of buying support.Markets seem to have made a low and was ready for a V shaped bounce back led by the index stocks , so it gave the classic dip to break of highs move..The next dip or retest of lows will tell us about the coming weeks ahead..5310-20 is the S/R for this week with a range of 5230-5440 as a possible range.. break above or below this can give a quick 100-150 points either way..Trade accordingly..
happy trading..
STOCKS..Watch the butchered stocks for a bounce back andthen a retest of lows for entry in them for medium term..

WEEK 7th TO 11th FEB

Another hard week gone by..Markets took support at 5400 zone and turned to just about touch the S/R zone and reverse back to break the 5400 support zone..Rumors /News every thing is breaking the camels back.. 5430 should be the S/R of next week with range being 5250-5550..Though its looking very tough for the Bulls ..small dips can be done in index / butchered shares for a bounce back trade..markets are oversold but can keep slipping to any levels due to no buying support..so take your trades with a pinch of salt..
happy Trading..