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.
Sunday, November 25, 2012
Saturday, November 17, 2012
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.
Sunday, November 11, 2012
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
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
Monday, November 5, 2012
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..
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