WEEK 29TH AUG TO 2ND SEPTEMBER

Markets finally showed their hand and capitulated towards 4700 the support zone for the time being..somewhere in the 100-200 points markets should make base, if its already not done so ,and then start the process of consolidation for a peroid of time..ie go sideways for sometime in a range to forge ahead sometime later in the year..4820 could be the S/R of the coming week with a range of 4650-4900 or 100 points over below that..Do some medium term buying in your favorite stocks and hold..traders be nimble and fast..enjoy the trades..
cheers..
No QE 3 for now and end of Anna jis fast could be positive for us..lets hope Govt. gets down to the serious business of governance which reposes faith in the FII's to come back and invest in INDIA..

WEEK 22ND AUG TO 26TH AUG

Markets moved towards the lower end of the band in this phase of correction..47-4800 is a base from where a short term bounce is expected to ease the oversold position..4930 is the S/R for the coming week with a range of 4650-5050 ..Do pick some of your select stocks for medium terms..Long term investers can keep picking in dips as the levels slowly are becoming attractive..Happy Janamashtmi & Trading
cheers

WEEK 16TH AUG TO 19TH AUG

Markets are completing their correction / consolidation ..US europe Asia has seen some bounce ..5100 seems to be the threshold level for us below which we may retest the bottom at 4950 or cross may take us to 5220 range..break either levels will give a quick move of 100-150 points..Some adding in portfolio for medium term is desired here ..more added on dips..rest to be traded..lets see where the range settles..enjoy your trades..
cheers.

WEEK 8TH AUGUST TO 12 AUGUST

Hope my views last week would have helped all who are visiting the blog...Had suggested being very light and play the direction as technical indicators were giving contra moves ..Well markets shrugged off all the gains and now is moving towards the serious business of evaluation and business ahead..Things still are not looking good due to US downgrade.. 4700-4800 zone which has not been tested for sometime , is still waiting..Break of that zone will mean LONG TERM bulls will liquidate.....Watch the events unfold next week closely..Falling and Rising markets have no levels..5000-5050 and 5330-50 is a watch zone in coming times..Easy money will fly the nest as it is scared..Trade light or stay away if you are weak heart or nibble lightly in your favorite stocks if we tumble down..enjoy your trades..
cheers.