WEEK 28TH TO 1ST APRIL

Markets have a funny way of catching many on the wrong foot specially the experts..I had mentioned last week that markets will break out from the range soon and make a move...Hope ppl. visiting the blog would have benefitted from the move up from the S/R level and the break out..What next?????The ride is up now for some time so do book profits if you still have not & wait for a dip to get in ..Never chase a run away market..The S/R next week 5580 zone and range could be 5500-5800..

\STOCKS: Banking stocks gave decent returns , one can get into IT/CG stocks on dips..
enjoy the ride
cheers.

HAPPY HOLI..WEEK 21ST TO 25TH

Markets traded around the S/R zone of 5480 in a tight range before breaking it to dip towards the low of the range..Indian markets are not in sync with World markets from january this year as we had moved much ahead of them in the September rally. The coming week again could be a range trading with 5350-5550 as a range..This range should be breaking soon either way for markets to show their hands..This week 5425 is the S/R or watch zone . Supports & Resistances are much lower and higher than the range..Trade accordingly.
STOCKS: Banking stocks are again a buy in dips or around here.
cheers

WEEK MARCH 14-18TH

Markets consolidated in the range of 5400-5600 as given in last weeks update. 5400 seems to be holding and if Japans problem is also absorbed by the golbal markets a attempt towards 5600 could be made again. Break of 5400 in close could start the deeper cut for retesting the lows..5480 seems to be the S/R for the week with a range of 5300-5650.
Trade accordingly.
STOCKS: Wait for good dips to get in or stay with Index stocks with very strict SL.for this week.
cheers

WEEK 7TH TO 11TH MARCH

Markets after initial hesitation broke the 5400 band to progress towards the 1st resistance zone of 5600.This zone of 5590-5630 has many resistances of the past , cross of which can give a fillup towards quick 100-150 points..This week S/R is 5490 with a range of 5370-5670 minimum..Markets will consolidate in a 5400-5600 zone before they give a breakout/break down..watch 5440 for break down or 5630 for break out, both in close..
STOCKS.:Buy in good dips should still be the policy to protect your capital.
happy trading