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