MONTHLY CHART

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The above monthly charts shows the downward sloping channel and its support for the markets..The GANN FAN shows the the resisitance support when we took the complete ride from 2500 to 6300 and the market today..Check the range displayed 4300-5500 app..and trade accordingly..hope this helps in decision taking by ppl. visiting this blog..cheers

28th NOV to 2nd DEC

Markets slipped in the settlement week below the previous low after breaking 4770-4800 support zone. Global cues notwithstanding our own Indian cues are also not supportive right now..Deep despair is the time to selectively get in the markets for medium to longterm in SIP MANNER..Good quality index stocks are available at good discounts and should be invested in as per your risk appetite and holding capacity. SELLING & making money is becoming too easy for traders these days and this is telling us that a bottom may be near somewhere around or below these levels..and a sudden reversal to catch /trap the BABY BEARS could just be round the corner in the next few weeks..4750 looks to be the S/R for the coming week with a range of 4500 -5000 ..above below these levels will be the breakout/in in coming weeks..enjoy your trades..cheers..

WEEK 21ST NOV TO 25TH NOV

Markets after breaking the S/R of the month at 5158 trailed down towards the 78% correction of the recent wave up..4800-50 should provide the support, failing which it may dip down much more on break of the recent lows..5000 is the S/R for the coming week with a range of minimum 4750 to 5150. Being a settlement week the volitality can be high..Buy your select stocks which you wanted to buy in a SIP manner..enjoy your trades
cheers

WEEK 14TH TO 18TH NOV

Markets gave the classic jerk after hesitating to scale new highs..150 points app. was mentioned as the range and we got the same after break of 5300..Looking ahead 5250 seems the S/R for the coming week with a range of 150 points again..Markets are volatile so keep booking your profitable positions whenever you buy the dips..next few weeks till early january will be volatile and the markets can tilt either way..Key long term stocks can be accumulated when you find the right price and the will to invest. enjoy your trades
cheers.

WEEK 7TH TO 11TH NOV (TRUNCATED)

Markets showed the resiliance despite profit taking /bad european cues, closed above 5300 for the long weekend. The week ahead is truncated with 3 days trading so trade light and in the direction. 5300 is the S/R for the coming week with a range of 150 points minimum either way..Keep booking your profits as we head towards 5400 and wait for good dips to get in..enjoy the holidays
cheers..