WEEK 3TH MAY TO 3 RD JUNE

Markets dipped below the S/R of last week and stopped almost near the support zone as mentioned to make a late week comeback..Markets move shows a move away from the oversold zone despite of huge calls of further slide towards the last lows....Markets surprises the brazen and obvious ..So better see the trend rather than the huge chorus of noise which will never make you buy the dips..Now Coming to next week..some consolidation in the coming week is required for markets to show its hand..do book profits on the stocks bought in the last dip and wait for it to test its base again and any move ahead..If the low of last week is held then it signifies a higher low & in coming months we should surge ahead..many many index stocks are at very good levels ..keep dipping in slowly for medium term into them.. The world and our own financials are still shaky so be cautious to buy dips only rather than chase mirages..The S/R next week is 5425 with a range of 5300-5600..enjoy your trading...
cheers.

WEEK 23RD MAY TO 27TH MAY

Markets sold off in europe/US last week and have opened weak in Asia today..Brace for volatality again ( not due to us) ..Being a settlement week the swings could be wild..5470 is the S/R for this week with a range 5400 t0 5560..Break of 5400 in close could drift the market to lower support zones of 5300-5330 and cross of 5560 could take it all the way over 5650..Buy in good dip in select stocks can still pay dividents..enjoy the week..
cheers

WEEK 16TH TO 2OTH MAY

The week gone by remained range bound again giving both the bears and bulls opportunity to make money..5450-5650 has been a range now , anybreak should take the markets 150-200 points either way ..till then Trade the range for the time being..as there is not much support from the FII and this could be a consolidation phase before a big move either wayThe S/R of the week is 5556..in mean while small qty. select stocks can be picked up specially in banks ,CGs, reality..

enjoy your trades..
cheers

WEEK 9TH TO 13TH MAY

Markets gave the classic jerk on break of 5700 and quickly dipped to the lower end of the range.The unwinding was fast and furious.The Moving Averages have been damaged and some time of consolidation is required to see the next move..Markets may bounce further due to highly oversold positions.Many will use the opportunity to unwind the longs stuck at higher levels..The S/R of the week is 5600 with a range of 5450 to 5750..Stocks bought at bottoms can be booked on rise towards the upper range..
Happy Trading..