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.