WEEK 31st dec to 4th jan

Markets are still range bound sideways as a mix signal is emerging from the monthly to daily charts..Markets in meanwhile are trying to look for cues from global markets..The range of 5850-5950 has to break in sometime soon....the break could lead to a quick movement of 150-200 points either direction..Till then trade the zone and buy the sudden dips ..

wishing all visitors a very happy prosperous 2013 yearin the stock markets....cheers

WEEK 24TH TO 28TH DEC

We are now entering the holiday season of festivity from the coming week..The market has made a foot print of 5850-5950 app. break either way oh the range could take us about 75 points quickly either way..As a swing is made in the weekly charts on the lower side the markets may just drift down in the coming weeks ..Caution on the long side till we dont make a intraday higher swing.. 5750 is the channel support from the lows which can be tested in this drift and 5900-5930 could provide a good resistance for any upmove..Wait for good dips to buy your select stocks you trade in.. ..Trade light and be agile next week..Cheers

Week 17th to 21st dec

Could not post last weeks techs . as was away on a family function..

So what do we have  right now..As mentioned in the last post we did cross the highs to make a new high at 6003 (NF)..and corrected in the classic jerk after a promise of highs..This is the 12th month from the lows of 2011 dec..and the journey has been quite profitable for all those who invest in good dips and trade or hold..Markets have to consolidate for some time to absorb the rise..key area to watch will be 5780-5850 (NF) in times to come for any serious correction to set in for this rise..January will be the key for this..in the mean time it could be range bound before a attempt is made to retest tops or close over it  in coming weeks trade the dips well and keep some cash for rainy days..cheers

WEEK 3RD TO 7TH DEC

Markets did complete its correction at 5555 as was mentioned last week( it climbed over the wall of worries as they say ) , crossed 5660 with a bang and moved over the recent highs..This is a break out now after a long consolidation..To sustain this markets should stay over 5820-5855 zone for some time.. 6150 should be a logical target if the lows mentioned for supports are maintained..Buy the dips and the stocks in momentum for trading and book profits as we climb higher..enjoy the ride till it lats ..cheers