Monday, March 26, 2012

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

Sunday, March 18, 2012

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.

Monday, March 12, 2012

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

Monday, March 5, 2012

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.