WEEK 31st dec to 4th jan

Markets are still range bound sideways as a mix signal is emerging from the monthly to daily charts..Markets in meanwhile are trying to look for cues from global markets..The range of 5850-5950 has to break in sometime soon....the break could lead to a quick movement of 150-200 points either direction..Till then trade the zone and buy the sudden dips ..

wishing all visitors a very happy prosperous 2013 yearin the stock markets....cheers

WEEK 24TH TO 28TH DEC

We are now entering the holiday season of festivity from the coming week..The market has made a foot print of 5850-5950 app. break either way oh the range could take us about 75 points quickly either way..As a swing is made in the weekly charts on the lower side the markets may just drift down in the coming weeks ..Caution on the long side till we dont make a intraday higher swing.. 5750 is the channel support from the lows which can be tested in this drift and 5900-5930 could provide a good resistance for any upmove..Wait for good dips to buy your select stocks you trade in.. ..Trade light and be agile next week..Cheers

Week 17th to 21st dec

Could not post last weeks techs . as was away on a family function..

So what do we have  right now..As mentioned in the last post we did cross the highs to make a new high at 6003 (NF)..and corrected in the classic jerk after a promise of highs..This is the 12th month from the lows of 2011 dec..and the journey has been quite profitable for all those who invest in good dips and trade or hold..Markets have to consolidate for some time to absorb the rise..key area to watch will be 5780-5850 (NF) in times to come for any serious correction to set in for this rise..January will be the key for this..in the mean time it could be range bound before a attempt is made to retest tops or close over it  in coming weeks trade the dips well and keep some cash for rainy days..cheers

WEEK 3RD TO 7TH DEC

Markets did complete its correction at 5555 as was mentioned last week( it climbed over the wall of worries as they say ) , crossed 5660 with a bang and moved over the recent highs..This is a break out now after a long consolidation..To sustain this markets should stay over 5820-5855 zone for some time.. 6150 should be a logical target if the lows mentioned for supports are maintained..Buy the dips and the stocks in momentum for trading and book profits as we climb higher..enjoy the ride till it lats ..cheers

Week 26th to 30th nov

It seems Markets completed its corrective wave at 5555 and is now trying to test the recent tops made..Watch 5650-60 zone in the coming week..Break and trade over this can take the markets up to the highs made in the past..Markets should close this month over 5800 to retain the up momentum ,failing which it will retest lows again and become range bound for some time between 5600-5800..Trade accordingly and book profits at resistances..enjoy your trades cheers.

WEEK 19TH TO 23RD NOV

Markets gave the classic 150 point  JERK as was expected below 5700...Hopefully partial investment buying in good dips also would have been done by investors..5540-5560 is a good support zone below which it can drift to 5420 around zone..5705 will remain a good resistance over 5670 zone..Selective stocks of your choice can be bought in partial or SIP fashion..Trade the trading range and keep booking profits as we climb..enjoy the trades cheers.

HAPPY DIWALI

I would like to wish a very HAPPY PROSPEROUS DIWALI to all the visitors of my blog..Hope the coming year brings wealth prosperity to one and all..

Regards markets next week is a festive week so nothing much cab be expected in the 1st half..Later markets have to make their moves..5620-5730 got breached by 90 points last week closing in a neutral zone of 5700(NF)..the range set now is 5600-5800 with a quick 150 points move at least.. either way in the coming weeks..deeper corrections should retest 5200 zone and breakouts 6000 zone..Buying in very good dipd will pay dividends going forward ..trade the present market in the trading zone set so far..cheers 

WEEK 5TH NOV TO 9TH NOV

Markets are still range bound..5700 NF is the zone to watch this week for the S/R zone..Results of heavyweights are coming and aslo US presidential elections  in this week..the range this week should be 125 points at least from the close of last week..A retest of recent highs is possible as time wise correction is almost over..Trade with the trend and keep strict sl in case of sudden reversals.cheers..

WEEK 29th oct to 2nd nov

Markets remained in the range last week too though the settlement was higher than last month...So what next????a few more  days left for time correction to be over  before a decisive move can come or it may stillbe  range bound..the range set right now is 5650-5740 ..Markets have to breach this range..till then trade the range with strict stop losses in place.The trigger is missing..RBI policy on 31st or US results come around 5th Nov or maybe something else..The breach should move markets quickly by 200 points..Trade accordingly..cheers

22nd OCT to 26th OCT

Markets are range bound between 5650-5750 for last week..Weakness did creep into US markets on friday which could reflect in our trading next week..The Range of 5650-5750 is set with the S/R level at 5700 NF...breakout/down in coming days could give a quick 100-150 points either way though there is weakness..This also due to the settlement week next week ..Trade with caution in the direction and investments can be pended for deeper corrections in days or weeks ahead..enjoy the festivals ..cheers

15th oct to 19th oct

Markets corrected  last week and also gave a  bounce ..So where are we headed..5750 seems to be a resistance over which the markets can move towards 5820-30 zone..Only cross and stay over 5850 for a few days will signify any move ahead..Below 5650 we should retest the 5550 or lower target of 5500 in the coming days..The result season will define the trend which right now is correcting the over bought markets..Trade accordingly..cheers

WEEK 8TH OCT TO 12TH OCT

Markets when in peaking out process  always gives severe jerks on intraday basis which come w/o any prior notice..The rally from 9 months is still making higher highs/higher lows..Till that  day thecurrent trend advises buy on dips though with smaller volume and on intraday bais..The result season is on us and that should define the going ahead..The week ahead the S/R for nifty future is 5782 zone  with a range of about 150-200 points.. Keep trading the rallies for quick gains till reversal of trend does not take place to put  sell orders ..enjoy the trades..cheers

PRACTICAL TRAINING IN MARKET TECHNICALS BY EXPERTS.

I would like to inform all friends visiting my blog that we have been conducting  Special Training Sessions for Technicals and Trading  in Stock Markets at our Premises in New Delhi..

The programme is as follows;

Comprehensive course   Duration : TWELVE hrs (Two Days).

 Course modules are :

i. Market Cycles & Dow Theory

ii. Elliot Wave.

iii. Charts and  Chart Patterns

iv. Study of candle sticks

v. Introduction to technicals.( MA, Indicators,Bands etc )

vi.Fibonacci applied to EW

vii.Structured approached to Applying Technicals  in Stock Markets.

viii. Practical Trading System 

PS: We  also conduct a Short Duration Course of 1 DAY for out of station visitors , 

Kindly get in touch at the following email address for details and querries
bhrajan@gmail.com

rjn_bht@yahoo.co.in

WEEK1st oct to 5th oct & OCTOBER month

Markets have finished the Month and Quarter posting higher highs /higher lows ..As mentioned last week we are in the resistance zone from here on and when ever market does a LOWER HIGH/LOWER LOW caution of reversal has to be seen..5640-5650 is now emerging as a support zone below 5705 for the coming week  with resistance around 5790-5815 zone..For the coming month 5600 will be a watch zone with  Range  of 250 points either way at least..Buy the dips should remain the policy for the traders till the markets do not show reversals..enjoy your trades cheers

WEEK 24TH TO 28TH SEPT.

Markets crossed the threshold last week amidst choas in the Govt to surge to its final targets of 5850-6000..Will it be able to achieve this or has it posted for us the higher low/higher high in the weekly charts.. Going ahead as this is the settlement week it can be volatile,..Profits need to be booked in your investments also as we climb up..as the rally has lasted 9 months from the december lows..Caution specially for traders as at new heights the reversals are sharp and quick..October could be a month of consolidation and giving away,  so trade accordingly..5450 will be a crucial zone to watch in declines in weeks ahead and 5850 could be the area of great resistance..cheers

WEEK 17th TO 21st SEPT.

Markets  rocketed this week on Global cues and The Govt..action..The threshold of last high of 5464 was taken out with a huge gap up targeting towards the old high of 5700 in the coming week..Now 54500-5420  should be a strong support for sometime to come..The S/R for the coming week would be 5500 with a range of+/- 150 points ..Keep booking your profits as we go up on the investments which are profitable and done in the last few weeks..Only crossover of 5700 and about a weeks stay over that will propel markets towards the 6000 zone..enjoy your trades.. cheers..

WEEK 10 TH TO 14TH SEPT

Markets took supports at the trend line support at 5230-40 zone to bounce back on global news towards the last highs..The Intraday charts were quite oversold after many days of correction and the small trigger did the rest..The chart i posted last week exactly potrayed the same footprint moving forward and it unfolded well for the followers of this blog...Now over 5360 we may head towards the 5400-5420 zone thereby completing the journey back..What next???..the market will take a breather here and see what it has to do next..we will also be a tad overbought..Dips should find support in the 5310-30 zone and resistances at 5420-30 zones..Trade them accordingly as the next cues comes in the middle of sept. from US..cheers.

NIFTY DAILY CHANNELS

                                                CLICK TO ENLARGE THE IMAGE.
The above channel chart is self explanatory for seeing the support /resistance...breakout/breakdown zones of the nifty going ahead..cheers.

WEEK 3RD TO 7TH SEP

Markets have closed very close to the Monthly PIVOT of 5285..and a minimum range of 200-300 points can emerge in the month of september..So take your trades accordingly in this month ...Global flows have trickled down and the markets again are slipping in a range..5200-5400 could be a range for coming times before a breakdown/breakout takes place..trade accordingly..Select buying can be done on index stocks like Banking/IT etc on positive days..Trade light..cheers.

27TH AUG TO 31ST AUG

Markets moved in a range last week breaching and staying over 5400...The S/R for the coming week is 5415 zone , with a possible range of 60-100 points ..Traders should keep in mind that the rally from 4800 is now struggling at the resistance zone of 5440-5480 around..We have to decesively breach that to make some move towards the old high..or breach 5320 to retest the recent lows..So play the range effectively for gains..cheers

PS:  S/R means  stop and reverse.and values written above are for nifty futures

WEEK 21ST TO 24 TH AUGUST

Last week the falling trendline was breached briefly but failed to hold above it..5380 will be crucial S/R for the coming week..Global markets too seem to be in pressure and moving up very slowly..CBOE vix as historical low levels..So what next..???Markets have to close over 5380-5400( NF) for a few days..for the next leg of move up..failing the supports of 5320-50 zone will take a breather and will look for deeper correction..Trade the range till a break out with strict SL's..keep booking profits as we ride up..cheers

WEEK 13th aug to 17 th aug.

Markets consolidated  in a tight range of 110 points last week ending in a neutral territory the weekly close.Markets have to close decesively for a few days over the  trend line resistance of 6349-5700 NF which is app at 5380-5400 zone to make any progress on the higher side..The lower trendline support will be in the range of 5270-80 zone..breach of the above trendline will give a quick 100-150 points move..FII build up so far in the series is quite Positive..5340 is the S/R for the coming week with a range of 100 points minimum..Trade accordingly..cheers

WEEK 6TH TO 10TH AUGUST

Markets took support at the golden cross of 50/200SMA  and moved up to cross  the resistance zone of 20 SMA  and close above it for the week. Global markets too are positive so the start of the next week will take us towards the recent highs in case we close the gap zone of 5280-5315 app.The breakout will be over 150 points range of the S/R zone of 5200..Do book partial profits or trail with sl's  as we move into resistance zones..enjoy your trades ..cheers

WEEK 30th july 3rd august

Markets were in the process of correction in the last week, for the upmove..Volatality played the key in the settlement..Markets are taking support at the 50/200 sma zone of app.5100 and will take resistance at 20 sma or 5240 zone..The S/R of the coming week is 5115 and we can have a 150 point move either way..Markets are poised  at cross roads looking for cues from the govt. and global markets for any upmove otherwise it will remain in a range and drift downwards on its own weight..Trade with the trend in the coming weeks..cheers

WEEK 22nd to 27th july

Markets remained in a tight range the whole last week either consolidating or waiting for cues from the govt. for next move..Global cues are subdued and not very condusive and the coming week being the settlement week can expect volitality..5150-75  will be a watch zone for the coming week, below which we can go all the way to retest the 5030-50 zone..cross of 5220 can take us to 5320 and retest of recent tops..use dips for buying oppurtunities in your favorite stocks..enjoy the trades cheers.

WEEK 16TH JULY TO 20TH JULY

Markets started the correction on the up move  of the last many days..Dips should be used to buy into your favorite stocks as weekly technicals are still in a up move and this could be a consolidation..S/R of the coming week could be 5280   with a minimum range of about 150 points..5370-5400 should be a good resistance zone and 5120-50 a good support zone in the coming days..enjoy your trades..cheers

9th TO 13th JULY

Markets remained in a tight range after completing the 1st leg of the upmove...5270 -5360 remains a range for the time being breach of which can take the markets 50-100 points either way..As markets spend more time in this range the low of the index is slowly moving up in time...good supports lie in the range of 5050-5100 and resistances in the range of 5450-5500...For the coming week 5320 will be the S/R..enjoy the trades cheers.

WEEK 2ND JULY TO 6TH JULY

Markets took support at the 200 dma and gave the breakout expected over the lat few trading sessions .. Hope friends visiting the blog would have benefitted from our posiitve bias of the market..Well the journey from 4800 supportzone will now move into the resistance zones of  around 5350 to 5450 zone and will also spend time consolidating to see which way to move ahead ..Do book profits in the coming week and wait for good dips to get in again..5200-5220 zone should be good supports below 5270 zone in the coming days..5231 is the S/R for the coming week ..enjoy your trades cheers

WEEK 25th to 29th JUNE

Markets have hown strenght in the last week by holding on to 200 DMA supports despite global bad news and drop downs..it recovered from the  intraday falls ..The week ahead could be decesive one on news flows ..Anyhow 5126 is the S/R for the coming week with a range of 150-200 points..Markets could be volatile due to settlement week too but with a positive bias..watch 5090 in close for any weakness and close over 5200 for a breakout..enjoy your trades cheers..

18th to 22nd JUNE

The bias of upward momemtum worked and markets moved to 5150 zone despite bouts of correction waiting for the big events to happen in the coming week..We r now back to 5175-80 zone once again ( this is the break/out down zone of the past many times..)Watch this area closely in close..a few closes above this can take us all the way to 5400-50 zone in coming weeks..Failure to stay above this and close below 5090-5100 will spell weakness in the days ahead and a deeper correction can be expected thereon...Trailing SLs should come in play now for  what was bought below..so it can be rebought in dips again..enjoy the ride..cheers 

PS: Markets have been rewarding the brave traders with a plan..

WEEK 11th to 15th june

Markets did the classic DIP & Reverse pattern by retesting the bottom and turning..Cross of 4880 with gap up has brought the markets at the top of the range in the 5100-5150 zone..4980 seems to be the S/R for the coming week with a range of 4850 to 5290 app. As we move up in the coming week brace for volatility bouts of profit taking..But overall as daily and now weekly indicators are also turning up after so many weeks the bias would be up in the coming times so use the dips for buying back your favorite stocks in which your are booking profits..enjoy your trades cheers.

WEEK 4th june to 8th june

Markets moved up to cross the 4950 zone  but failed to cross the 5020 threshold for 5150 plus zone..It collapsed after the settlement on friday due to Rupee pressure and global cues..IT will be testing the recent lows made in the coming week ..Failure to hold that  or 4700-4720 zone will sound the alarm bells for deeper correction as global cues too are not condusive..profits booked higher can be redeplayed again on SIP basis on the ongoing correction for medium to short term gains..4880 zone is a watch zone again with a range of 150-200 points cheers.

28th MAY to !st JUNE

Markets are moving to make a base with the volatality shown in the last week.Tech savvy traders would have benefitted from the market swings ..Markets are at the crucial breakout zone of 4940-50 for 5100-5150 zone..Failure to sustain the break out may take us back towards 4820-4840 zone for supports..Watch the INR/USD for cues next week..strong rupee may propel the markets northwards..
4880 is the S/R zone for the next week with a minimum range of  4750-5050..enjoy your trades cheers

WEEK 21ST TO 25TH MAY

Marktets did the trick ,went spot on to thesupport of  4780 zone and did a classic dip & reversal pattern..Followers of this blog would have surely benefitted by buying in the panic bottom and the rise thereafter....Technicals help you remain with the trend. For all  who still have not entered the world of market technicals will request them to put your foot in.    So what next now ..??

If this reversal continues we should move towards 5000-5150 zone at least in the coming week..4870 seems to be the S/R of the coming week with a minimum  range 100-150 points ..enjoy your trades ..cheers

WEEK 14TH TO 18TH MAY

Markets are testing supports at 62 %  retracement of the dec-feb rise ..Failure to hold this takes us all the way to 78% retracement or 4780- 4800 zone..So what can be done..Well use this opportunity to get your foot in again into the markets..Buy your favorite shares for short to medium term in a SIP manner based on your risk appetite..Professinal traders should trade with the Technicals in the direction of the markets with strict stop losses..Good quality shares are available today at decent prices..keep some capital for a sudden capitulation day..4990 seems to be the S/R of the coming week with a range of 200 points either way..enjoy your trades cheers.

NIFTY CHART

click the chart for bigger view.

The above chart shows the resistance and support of the complete move..4950 seems to be the support below which it can be complete retest or break down of the total move up from december..cheers

WEEK 7TH TO 11TH MAY

Markets gave the classic jerk from resistance zones to break the lows and close below 5134 support..The rise from december lows is now being retraced to fill the correction..5080-4770 is the support zone of this correction..some amount of capitulation has taken place on friday..Buy in dips in a SIP way could be the way forward from here..5160 seems to be the S/R for the coming week with a range of 5020-5250 as a possible inner range ,+/- 100 points..Trade accordingly..cheers

WEEK 30TH APL TO 4TH MAY

Markets remained sideways consolidating with sudden dips..5135 ns in close is still being maintained..Weakness below this level..5250 ns levels is emerging as a possible resistance zone with close above this helping the bulls..5275 nf seems to be the S/R of the coming truncated week with the range of 5150-5350..Global markets are showing strenght and may be heading up for the last hurrah before some correction sets in there..Trade the dips well to be on the right side of the trade ..cheers

PS :will try to post some charts during the week

WEEK 23RD TO 27TH APRIL

Markets are having a sell deluge every friday which causes sudden dip and panic...no reason so far assigned by anyone on the sudden intraday dips..5300 seems to be the S/R area for the coming week with a range of 5150-5450 ...Being the settlement week volatality will be there thus moves could be large and sudden..trying buying intraday dips and sell the intraday highs ..Markets have been in a range for a while and this has to break sometime..5230-40  on the lower side and 5380-5400 on the higher side will be the key towards breakdn/breakout for the coming week..enjoy your trades ..cheers

WEEK 16th APRIL TO 20th APRIL

Markets remained range bound last week to close at the lower end of this range of 5200-5400..5250 should be S/R of the coming week with a range of minimum 150 points either way..Buy the dips as per your risk appetite of your favorite stocks for medium term. Traders should watch 200 SMA closely for trades..RBI policy on tuesday could be decesive for the market moves..enjoy your trades cheers..

WEEK 9TH TO 13TH APRIL

Thw long weekend provided all traders a smart holiday much deserved..As last week was small trading range , the range of 77 points could easily be broken this week on either side..As the world is correcting so will we..5360 seems to be the S/R of the week with a range of minimum 100 points..5180-5200 should again give support in case corrections goes a bit deeper..Trade accordingly & buy some select stocks for medium term in this correction..cheers

WEEK 2ND APRIL TO 4TH APRIL

Week ahead is truncated as there are 3 days trading only..Markets reversed from the support zone of 5100 to close higher for the monthly/qutaerly closing...The next month range should be minimum 5700-4900 with weekly S/R at 5250. 5400 should be a resistance and 5200 a decent support ..Trade accordingly and enjoy the long weekend next week ..cheers

26TH MAR TO 30 TH MARCH

Markets did nothing but trailing down towards the support zone of 5180-5200..Trade through out the week was volatile with jerks which probably would have been handled well by technical traders who can trade range bound markets well..The trend has been consolidating BTW 5200-5400..Break of the range would give a quick 150-200 points ..5300 is the S/R zone of the coming week with a range of 5100-5500 ..As this is the settlement week trade in the direction with strict SL's..enjoy your trades..cheers

WEEK 19TH TO 23RD MAR

Markets retested the tops to absorb the events of the last week and then made its way down . 5250-5280 is support zone for this ride down ..breach and close below this zone will spell weakness for the short term and markets can dip into deeper levels ,so be cautious below 5250 till 5100. Above 5400 which is the S/R level of the coming week we can head all the way up to 5600..enjoy your trades
cheers.
PS: all levels i give here are of nifty future.

WEEK 12th mar to 16th mar

Markets spend the time consolidating at the 1st major support to give a bounce before the major event of budget unfolds..Events will overtake the current week with swings either side..Medium term investments should be held while small trading lots should be traded. 5350 seems to be the S/R for the week with a range of 5420-5290..and (outer range) 5550-5150..The bias is positive so trade accordingly with strict stop losses..enjoy your trades ..cheers

WEEK MAR 5TH TO 9TH

Markets are still in consolidation mode , events like election results /budget /RBI policy are in the horizon..a 200 point range over/ below 5420 remains in the coming days /week..any dip or rise above these levels will show the market trend in short term..Wait for dips to get in with your favorite stocks for medium term..enjoy your trades cheers.

WEEK 27TH FEB TO2ND MAR

Markets gave the classic jerk (sharp one) last week..The last major swing we crossed was at 5400 (NF)..supports lie there below which we can keep trailing all the way to 5200 or lower..5526 seems to be the S/R for the coming week with a range of 5600 to 5400 as a trading possibilities..The correction is not over as yet ,so be a trader and also use opportunities of ride back for liquidating long positions if still not liquidated..cheers

WEEK 21ST TO 24TH FEB

The coming week is a truncated and a settlement week. Markets are at a top with regular gap ups & profit taking w/o any significant dips for reentry..555o will be a key area for the coming week with a minimum range of 150 points +/- 100 points..Do book profits in your positions if already not done , trade in smaller quantities in the direction of the market with very strict stop losses for the next 8-10 days..The dip will come and it will be sharp -quick..Buy then ..enjoy the trades till then.. cheers

WEEK 13TH TO 17TH FEB

Markets are range bound at the peak of this multi week ride w/o giving a significant correction..Wise traders would have booked out waiting for good dips to get in again..There is leg room on the upside till 5760 but markets should give a healthy correction for the next leg up..5400 will be key level in the coming week with a range of 5250-5550.. trade accordingly..
PS : hope the charts postedlast week helped visitors to the blog..cheers

WEEK 6TH FEB TO 10TH FEB

(CLICK TO ENLARGE)

The charts loaded above are self explanatory. In the 1st chart ie monthly channel , we have just breached the multi month (14)down ward channel right now..any correction from here on will take us back into the channel..5200-4200 are the channel range in the downward channels and cross can take us upto 5800..the channel above is 5800-6500.This should be the coming months trading stratergy.

The 2nd chart ie daily is indicating that we have broken the channel top of 5300 and are heading towards the top ie5500-5550..below 5300 the markets can give a quick correction to 5200-5050...only below 5050 is the bull story in pain..

Plan your trades in the coming days/weeks/month as per the levels charts given above..Hope this helps all vistors to this blog.

cheers

WEEK 30TH JAN TO 3RD FEB

Markets are generally unrelenting when in trends either bullish or bearish...hope ppl. enjoyed the ride up..This month is ending on a good positive note..we have reached the upper end of the channel and 5160 should be the S/R fore the coming week with a range of 4950-5350 ..Traders should wait for good dips now to get in so as not to be trapped at high levels..tech savvy traders can keep trading the trend with strict 20- 30 points sl on the nifty..trends generally are set by insistant FII flows and when this drops the sheer heights give decent correction for 2-3 days..Do book and keep trading..cheers

WEEK 23RD TO 27TH JAN

Markets have given a spectacular move from the lows..this being the settlement and a truncated week ..trade light /book profits and buy on dips...4980 is the S/R for the coming week with a range of 4900-5130 +/- 150 points if wild swings come..Wait patiantly for getting in..do book & enjoy the trade and the week..cheers

WEEK 16TH TO 20TH JAN

Markets zipped up to the resistance zone of 4900 after crossing 4750 last week..looking ahead the global cues and our results will detail if we cross 4900 for a rush to 5000 + or not. 4830 is the zone to watch this week below which we may drift to 4755-4670..above 4900 we will move towards 4960/70 to 5050 zone..Do book profits if not done already & Wait for a good dip to get in again . For long term investers the capitulation last month was a good oppurtunity as i had recommended to get into select shares..(Rupee also is stronger now)..enjoy your trades cheers

WEEK 9TH TO 13TH JAN

Markets all over moved positive in the new year..Our markets are in a resisitance zone of 4750-4780 cross of which can propel us towards 4880-4900 zone for the coming week..below 4700 zone we can drift towards the gap zone of 4600 again..Time wise its important we cross 4800 zone and close above it for a few days failing which the markets may end up in the usual JANUARY correction..4730 is the S/R to bewatched next week with a range of 4850-4630..
enjoy your trades ..cheers

HAPPY NEW YEAR

Would like to wish all the friends visiting this blog a very happy prosperous new year..
The year gone by has been very tough as generally world over ppl play bulls and bears play is left to professionals..The financial crisis gives very jerky volatile movements and even the diehard who are in long term investments get shattered in averaging ..for the weak hearted traders its a never ending bad dream...
So what is 2012 holding for us..well technically rupee is depriciated by 20% so prices of shares /value of index is app. at around 4000...logically/historically at such rupee values say 54-56 ..smart money should move in some time..keep an eye on FII cash buying.. we are already correcting for 14 months now from 2010 Diwali high...whenever they buyheavy ..time you move in for long term..43-4400 could be a support below the recent lows ..below which then markets can spiral any where...once we cross 5150 on the index we will head towards 5400-5750 zone ...Euro zone news will propel/drop markets in coming weeks/months..also our own India centric financials should also turn for faith to be reposewd in india story..
for next week watch 4680 zone as S/R with a range of 150-200 points..enjoy the year
cheers.