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.