WEEKLY 1ST AUGUST TO 5TH AUGUST

Markets are awaiting the news from US to make the next move..The indian & european news are already taken care off..there is nothing much to cheer the markets otherwise what with higher interest rates and bad governance & political problems here..Monthly S/R stands at 5570 with a range of 250-300 points.. The coming week too seems to have a S/R of 5550 with a 200 point range either way..Markets are doing their time corrections in a sidways range bound way and maybe the next move will be decesive for coming time..Be very light in the coming week/weeks and play the direction..enjoy the trades..
cheers

WEEK 25THJULY TO 29TH JULY

Markets gave a breakout again last week over 5600. 5600-5610 is the S/R for the coming week with a range of 5550-5750..Breakout/in can give a quick 100-150 points..This week is laden with news and heavy weight results so trade light ,in direction carefully..World cues could guide our markets too so keep an eye there..enjoy your trades..
cheers

WEEK18TH JULY TO 22ND JULY

Markets dipped to around 5500 as mentioned last week here by me to take support and start consolidation again..Breach of 5500 in close will dip markets by 150-200 points quickly..5590 seems to be the S/R for the coming week .Buy in dips should be remembered and action taken accordingly..Global situation is not good & indian fundamentals too are taking a beating..Keep your eyes open while trading so as not to be caught sleeping..5350-5850 is the range for the coming weeks..trade accordingly..cheers

WEEK 11TH TO 15TH JULY

Great move market made from the lows with help from FII flows & world indexes and then at the crucial junture of 200 SMA gave the classic jerk before the results .. its always healthy for the markets to do profit taking ..5680 is the S/R for the next week...with a range of 5550-5750..Consolidation and holding 5500-5480 will be the key for any move to take out the 200 sma in the coming time..Only cross and close above that zone for a few days will augur well for the indian markets failing which we may retest the lows again sometime in the coming weeks..enjoy the ride and keep booking your profits..
cheers & happy trading.

WEEK4TH JULY TO 8TH JULY

Markets rallied from the low of 5200 to 5700 in quick time..Hope ppl. booked the buy the dip stocks..Markets normally give the classic jerk at the peak of bloom & doom..Coming to the next week markets need to cool a bit ..5500 emerges as S/R for the july month and 5600 as S/R for the coming week.The range could be 5500-5800 in the coming week.. keep the buy in dip policy to protect your capital....The weekly charts look up now and 5750 is a crucial resistance and 5480 a crucial support for coming time.. trade accordingly..cheers