WEEK 30 TH DEC TO 3RD JAN 2014

Markets have completed this settlement on the positive side but is still in the range as mentioned last week...Crossing 6220 we again are heading towards 6400-6430 range failing which we retest 6220 and below towards the recent lows of 6151(NF)..Volumes may be less going towards the new year so book profarits and trade light and wait for good dips to get in again..enjoy the ride.. cheers

WEEK 23 TH 27 DEC

Markets have been quite volatile this last week based on events  but the range is still 100-150 points and much lower than the recent highs made..Where are we headed now for the year end...As written before 6220 & above takes us over 6320 towards 6400-6430 zone..Do keep booking your profits as we climb up and see the trades from there if we cross and sustain above highs for a week or so..below recent lows 5950-6000 should be retested and gives some opportunity to reenter stocks again..cheers..

WEEK 16th to 20th Dec

Elections came and went..Markets gave the Flip up and Settled & then quickly corrected down ..As written we did reach around 6500 but failed to sustain to move  the markets higher..The reversal is for the complete move starting from 6000...6220 again is a crucial S / R  level to watch next week below which the correction goes deeper..6300 is a resistance zone over which 6420-50 can be tested again.Do buy your select stocks which have again corrected well for a move up to retest tops again after this correction is over..enjoy your trades ..cheers

WEEK 9TH TO 13TH DEC

Markets held the 6180-6200 (NF) to gallop up on election news..So what next..??? Markets again have retested the tops as was written a few weeks back when we were at 6000 zone...Technically the markets are at lower tops , failure to cross in the next few days /weeks will set in a correction which could be longer lasting if recent lows are broken..taking us to 200 Dma Cross of highs can technically take us towards 6800 if we stay over 6450-6500 zone for a week or so..6220-50 is the  S/R zone 

For rest enjoy the election results and  the  roller coaster ride on MONDAY ..if any ..enjoy your trades and keep booking your profits as we rise ..cheers

Monthly December Weekly 2nd to 6th Dec

Markets again followed the footprint as projected last week in my post..We held the lows and crossed the consolidation zone to edge above 6220(NF) again..This month of DECEMBER ,6180-6200 will be the watch zone with at least a 200 point +/- range..For the coming week 6100-6300 is the trade zone with S/R at 6200..Do book your profitsas we move up or stall and wait again for good dips to get in as coming days will get volatile as results of assembly polls approach..enjoy the trades cheers

WEEK 25TH TO 29TH NOV

People following this blog would have got it right in the last few weeks the markets movements..It was clearly advised of a app.  Diwali  week top..then a correction..an oversold positions rebound ..followed by another fall..The markets followed the script perfectly till now..

Now what next???? In case the last weeks Low is held in the coming week the markets will attempt 6220 again and cross of this zone the recent top of 6383(NF)..Failure can take us to 200 DMA at 5850 around at least , below which a deeper correction can start..5990-6120 could be a consolidation zone for the market in the coming week etc( do keep in mind the settlement week volatality..).. ..so trade that..Do buy your select stocks for trade..enjoy the trades cheers

WEEK 18TH TO 22ND NOV

Markets made the temporary  bottom last week to give a run in to the oversold positions of the last 8 days ..A few more days of up move will be healthy for the markets after which the next leg down could start..6220 is the watch zone +/- 100-150 points breakout/down from here..Trade accordingly..cheers

WEEK 11TH NOV TO 15TH NOV

Markets after making a Diwali top went into correction mode as was expected..The first leg of correction could be complete , with a reversal next week followed by correction again..Weekly charts again suggest a top in place with a lower swing made last week..The market now needs a Time/Price correction of the last move from 5100 zone..Being a trader who buys dip and deeper wait rewards the brave..6280-6320 should be a good resistance zone above 6220 and 6080-6050 a good support zone below last weeks low..Breakout/In could be 100-150 points from this range..enjoy your trades..cheers

MONTHLY & WEEKLY 5TH TO 8TH NOV

Markets gave a breakout to post a new HIGH at diwali in both SENSEX/NIFTY..So the weekly monthly buy worked out well..ultimate targets for this leg up could be in range 6800-7200 in the coming months year etc etc ..whenever the breakout sustains...For the coming month 6080 is now the watch zone below 6250-6220 zone ..resistance above 6400 could be in range 6450-6470..Do book profits and wait for good dips to get in..Post Diwali is a new year of trading and caution ahead could be the name of the game..Till then enjoy your trades cheers..

WEEK 27TH OCT TO 1ST NOV

Markets have been making higher highs and profit taking sets in..Either the markets are consolidating for another leg up or after making a lower low ..correct as selling has set into the daily charts, though weekly/monthly are still in the buy mode..Watch 6150 for next week with support below 6120 at 6000-6020 and resistance at 6250 or higher around 6300(NF)..Break of thyis range will give a quick 150-200 points on either side..Being the settlement week volatality will be there so trade acoordingly by buying in good dips..Enjoy your trades cheers

WEEK 21ST TO 25TH OCT

Markets are almost spot on towards the initial targets of range 6210-6250(NF)..Some reaction should come from these levels next week towards the support zones as mentioned last week..before any further breakout if it takes place in the coming weeks for the all the time high to be achieved and crossed..Most of the stocks are languishing at lows and the rally taking us to these highs is based on a few select stocks  of the Index.. Traders trading the IndexFutures or Options have enjoyed good gains these last few months & maybe change of stratergy  is required. by people who are missing the rallies etc ..Trade them in coming days /weeks for gains..enjoy your trades cheers

WEEK 14TH TO 18TH OCT

Markets broke the range last week to surge ahead in results start..It had made a classic H / S pattern in daily charts suggesting targets of 6160-6210-6250 (NF) upon breakof 6020 ,which it has achieved partially.. Some more move up is in store if Banking index helps along with Oil and gas..6000-6020 will be a watch zone now..below which will  be the elusive 5820 which held very well last week..Markets always dip, book your profits from last week and wait..Trade accordingly..cheers

WEEK 7TH TO 11 TH OCT

              HAPPY NAVRATRAS TO ALL VISITORS OF THIS BLOG

Markets just about moved in the range given last week with a breach at the top..Beyond next week the results season starts which will have bearing on the markets going forward..Do book your profitable positions in the coming week and start fresh with the results season..Good dips have always provided opportunities to make money..so patiance is name of the game..5820-6020 will the range and break can give a sudden 150-200 points move..Trade accordingly..cheers

30TH SEPT TO 4TH OCT

Markets have been consolidating last week between 5820-5950...Making a I H/S in daily charts ..Break of 5820 zone takes us way down towards 5500-5550 zone to start with and break of 5950 could retest the tops or go higher....Range expansion should take place in the coming truncated week..As the settlement is far off at 31 st Oct..we should get 2 huge moves either side so trade accordingly for good gains in this month..enjoy your trades..cheers

WEEK 23RD TO 27TH SEPTEMBER

Markets got the fillip from the FED statement and gave a huge leg up to cross the last high decesively. Volatality returned with our RBI policy to give a fast furious dip..etc..The fact is markets were over stretched  and needed a breather to correct consolidate for a few days to decide whether to move higher or correct this rise..The 3 weeks from the bottom is over so it can be any which way..The range set right now should be 5950-6050 +/- 100 points below or above which will come the breakout / breakdown(remember its the EXPIRY WEEK so care on both sides of trade)..Traders should reduce their trading positions and investors book their profits to wait for a good dip to get in the trades again.. enjoy your trades..cheers

WEEK 16TH TO 20 TH SEPTEMBER

Markets crossed 5820 decesively to head towards the 6050 target above 5933 zone..Correction held 5820 last week...breach of 5780 in coming weeks will take us all the way below 5600 and above 5920 we should head for 6050..The run up was fast furious from the oversold zone and  the fall could be equally fast in case the up move looses steam..Trade accordingly..cheers

WEEK 10TH TO 13TH SEPT.

Markets moved above the resistance zone from the severely oversold zones..The time cycle ending also gave the fillip to this move after August correction..Beyond 5750 the doors open for retracements  all the way from 6100 zone..Below 5550 the downward trend will resume to complete the correction started from 6329 zone..5650-70  to be the SL for longs in the coming week with 5820 as a possible target over 5730-50 zone..Trade accordingly and book your profits ..Its always rewarding to buy the dips..cheers

WEEK 2ND TO 6TH SEPTEMBER

Markets gave the classic dip towards the 5050-5100 zone..hope visitors to this blog used the opportunity to get in for good profits during the settlement week volatality..Cash buying should be booked as decent profits in select stocks is available if you had bought the capitulation..So what happens ahead..We almost completed theongoing weekly technicals target at the bottom and this retracement  can be used over this month to unwind stuck longs so the next   dip can be taken again..For next week watch 5530 zone over which 5650 and above can be achieved  in this up move..any dip towards 5320-5350 zone will give opportunity to enter selectstocks of your choice..Below this we can go all the way   below 5108 towards 4950-5050.. again..trade accordingly..cheers

PS:  We are again at  important Time Cycle zone now ..

WEEK 26TH AUG TO 30TH AUG

Markets just about about did the range as i had mentioned last week..5200-5250 became the support zone and 5480-5500 the resistance zone...5360-80 now emerges as make / break zone for the upward/downward move with a target of 5600 or above  over 5530-50 zone..&5050-5100 below As it is the settlement week and we are a tad overbought wait for a dip to get into the trade and technical traders can play both ways the volatality..do keep booking the profits ..enjoy the trades cheers 

Week 19th Aug to 23 rd Aug

Markets broke the range last week to head to 5800 but collapsed on friday to break the range on the lower side..Markets are at a very tricky corner right now..Failure to cross 5580-5600 range quickly and close persistantly over it will take this correction deeper towards 5400-5250 zone below 5480 levels..Be cautious in your investments and be selective on the severely over sold stocks which over a period of time may give good returns..Trade accordingly..cheers

WEEK 12TH AUG TO 16TH AUG

Markets moved in the range last week neither breaching 5550 nor crossing 5700..So what next..Being a truncated week if the consolidation / sideways trading is over then a small move either way beyond the range 5550-5650  can take place ,,,the move could be 100-150 points..the larger range could be 5400-5800 ..trade accordingly..cheers..

5TH AUG TO 9TH AUG

Markets have corrected sharply during the course of this week hurling towards the monthly supports ...Retracements if any will tell how deep this can go..Breach of 5550 zone takes us deeper down with the monthly corrections setting in of the complete rise..5800 will be a level to watch  again for it to trade over this to provide some semblence to this markets..Till then trade in your select stocks/nifty in the retracements..enjoy your trades..

cheers

WEEK 29TH JULY TO 2 ND AUG

The markets stalled at 6100 as was advised  on last  weeks technicals...slipped to 5990 from 6090( the range )and gave the quick fire 100-150 points on the last 2 days in settlement...Hope visitors to the blog are  benefiting from this blog on the investment trading & exit   timings ..I had started writing this blog from somewhere in DECEMBER  2008 and with a small breaksometime back, I  think have been writing consistantly , initially DAILY THEN ONLY WEEKLY..I dont know how many people are benefitting from this or not..
I would like all the visitors to this blog to drop me a mail  on what they like or not or  may want on this weekly techs..or is it just a waste of effort /time for me.As such i am busy in my trading and advisory..and may decide to shut this blog soon..

With Warm Wishes to All

cheers

Rajan Bhatia

PS: 5850 zone is a strong support in the coming week below 5890  and beyond 5975 we may test 6030-50 zone

Week 22nd july to 26th july

Markets have moved with volitality this month upwards to after completion of its correction from the recent tops..We may have reached a important retracement levels in case 6100 is not breached and closed above for more than 3 days..Will have to wait and watch this levels before the next move unfolds..as WEEKLY correction may set in (deeper one) below these levels..5850 will be important level to watch below 5990/5930 and beyond the high of 6239 we can head towards 6400 and above in the coming weeks months..Coming week is settlement week so trade with caution and strict Sls..6090-5990 should be traded watched beyond which is quickfire 100-150 points..enjoy your trades cheers..

Week 15th july to 19th july

Markets just moving on the cues of news jerking within the range ....holding 5800( remember above it bullish) to finally try to do the top of the range which over 6020 could be at least 6080-6100 zone..supports lie at 5890-5910 zone below which again all the way to 5800-5820 zone..Do keep booking profits too or strict sls in the coming week if not booked already as markets tend to  reverse also the sharp rises suddenly....cheers

WEEK 8TH JULY TO 12 TH JULY

So where are we now ???..app 5700-5900 range last week as written ..Still above 5800 bullish below bearish..Markets will be expanding the range soon so watch 5850 on the lower side and 5950 on the higher side +/- 100-150 points on either side..Global cues and Rupee  will be the two  key components of the direction of the trade..Gap ups/Gap downs are not helping day traders much though technical traders should be deriving  some milage out of this sudden volatality..How many ?????? each knows best as world is full of technical experts.. enjoy your trades cheers

WEEK 1ST JULY TO 5TH JULY

My observations last week would have helped all visitors to the blog plan their entry in longs and exit from shorts..Despite of a heavy bearish feeling all around the technicals were saying that if the low is  held a fast  rally is awaiting us .. .the run over 5617 to 5700 then 5800 and above almost worked to the script.. Hope all booked profits of this run at least most of it..There will be a dip in the coming week and one can reenter at a appropriate level..WATCH 5800 closely in the month of JULY..over it BULLISH  below it BEARISH ( keep your  sls) 5700-5900 +/- 100-150 points could be a  minimum range for the coming month...Trade accordingly..cheers

WEEK 24TH TO 28TH JUNE

News from India/Abroad did not help the global and local equity markets ..Unwinding took place in all sectors of investment..Our markets also made a low of the last rise..We are approaching a very important Time cycle now ..The next 1-2 weeks will be important for the markets to seek the new direction for the coming months..Our markets have taken a weekly  trend support on fridays low at 5617..though the monthly supports are way down..Markets are a tad oversold so a bounce can be expected in the coming week in case the low is held..Watch 5690-5700 zone closely for a ride maybe to a zone of 5770-5790 over which a fast break out can take place..Supports lie in zone 5550-60 below which  5400 could be the drift zone..Trade accordingly..cheers

WEEK 17TH TO 21ST JUNE

Markets gave a huge leg down with the break of 5880 zone..We almost reached the important support zone of 5650 around  .The relief  rally was expected from this oversold zone in the intraday charts and we got a good one..News from RBI policy etc next week will define the early part ..5850-5880 is a  resistance zone and 5750-30 a  support..Break either way with take markets 100-150 points..Trade accordingly..cheers

10 TH JUNE TO 14 TH JUNE

Markets have gone in a range bound consolidation mode of about 120 points..The range has to break on either side soon..Watch  5950 for the cue going forward..Break of 5880 could take markets to 5750-5780 zone and breakout towards 6080-6100 zone..The global cues over the weekend were favorable so a leg up at start of the week could be there , then the local factors take over again...Keep an eye on the technicals and play the trend with strict  SLs ..enjoy your trades cheers..

WEEK 3rd to 7th june

Markets gave the leg up from the oversold positions..to make a lower high (6239)and as projected the next leg down started on friday..The fall was fast furious and all stocks big small joined the BEARS party..See how technicals help foretelling whats in store in case you are visiting the blog regularly..

WE HAVE BEEN GIVING  TRAINING IN TECHNICALS TO THE ANYONE WANTING TO TRADE TECHNICALLY along with a trading system..

We have to break the 5936 level for more corrections to set in ..6050 will be a strong resistance zone now and Sell on rise will start once we breach the lows..5750-5800 could be a logical target at least for the time being..staying over 6050-80 for a few days only will show some strength which i dont think is there anymore ( specially with the waterfall fall ).The month of JUNE will be volatile and will give trades both ways ..so trade the direction..cheers..

WEEK 27TH TO 31ST MAY

Caution was advised last week despite rise, due to divergence /non movement of many many stocks???? Buy in Dips only also advised ...?? Hope people visiting this blog would have observed caution and they would have booked profits..Technical traders got the perfect breakdown  hurling towards the 6030-40 zone and global cues gave the push lower towards 5930.....Now what?? This is a 300 odd point wave and could be more or same..We will get the retracement from this oversold intra day charts..6050-6080 is a  strong resistance zone now ..any move above 6106 will take the markets way ahead to the recent top..The new leg down then unfolds and we will track it accordingly..Any close below 5930 will mean the the leg of 5480-6239 is being corrected now...5960-70 is watch area for the start of the week..Trade accordingly..cheers

WEEK 20TH TO 24TH MAY

I have been writing in this blog for the last few weeks that we are heading towards 6200 zone plus..Markets have touched the monthly targets of 6200 plus in this rally..Running markets have no Resistances as falling have no supports..So what are we looking at now????In the previous high fall one of the monthly highs swings was 6209 which we seem to have touched..Though weekly monthly EW targets project 6300-6500 a sudden sharp dip could be round the corner..Wait for a dip to get in..6120-30 seems to be the support of the market below which the zone of 6030-50 will provide creditable support so long as we keep making higher highs and higher lows.. Technical traders should keep trading with their technicals as volatality will give them good moves both ways....Many Many stocks still are lagging behind and daily RSI is showing a negative divergence..caution is advised..enjoy the trades cheers..

WEEK 13TH TO 17TH MAY

Markets crossed 6066  weekly targets to head towards 6200 or above targets now..Index is  moving up but many shares are not performing suggests a non broad based rally..People will have to wait for good dips to get into the Marketspecially in their select stocks.. and in the meanwhile just trade the index or select index stocks on technicals..Targets for index at 6200-6300 plus in this rally up above 6152 and supports below 6025 at 5950 zone..Trade accordingly..cheers

WEEK 6TH TO 10 MAY

Last week unfolded the breakout of the 5990 retracement to push us into the 6120-5480 (NF) retracements..Markets have been making higher Highs /Lows..A rise above 6066 can open the gates all the way to 6200 and above in the coming days..Below 5990 we will be suspect for corrections to this upmove..Keep strict SL of fridays low on your longs for any ride up ..failure /breakdown can take us all the way to 5750-80 zone sometime this month..cheers

WEEK 29th to 3 rd May

Markets have done almost 88% of the entire 5990-5480 retracement....Any further upmove from here will /can take us all the way to 5990-6050 or a quick move to 6200 zone..Consolidation profit taking has  set in on friday so supports can be in the zone of 5780-5800 in declines below 5850..The coming week may just be sideways and the govt actions/policy etc etc will determine the course for the next leg of the market moves..Profits should have been booked last week and wait a while for sudden dips to get in again in your favorite stocks..Be a trader as global cues may override the indian sentiments ( even if politics is + ve)..enjoy your trades..cheers

WEEK 22nd to 26th APRIL

Markets covered the volitality well and broke the 5630-50 range decesively to surge ahead towards 5800(NF) as expected on the breakout last week.Visitors to the blog who would have taken advise to buy the last 2 weeks dips in their select cash stocks would have profited handsomely with the returns.The doomsday Bears on TV channels helped in the short covering..So what next???? any guesses....Well as a first, the falling weekly channels should give resistance at 5850-60 zone..in case of a up move..5690-5720 should be the support zone now where some buying can be done for a move up..Being a truncated expiry week , advise will be to wait for good dips to buy in cash  and for technical traders to play the the volitality well on both the sides..Cross and close above 5880 can take us then all the way to 6030-6050 zone..deeper supports in corrections now lie around 5380-5400..enjoy your trades cheers..

WEEK 15TH TO 19TH APRIL

Markets did the range almost in the last week failing on friday due to Infosys result..So where are we and what to expect...well till we do not cross over 5630-50 zone decesively we should not expect any upmove..If global markets start correcting expect the next leg of correction down for us..Till then 5450-5550-5650 will be the trading range for the coming time with a occasinal jerk of 100-150 points on breakout/down..Trade accordingly..cheers

WEEK 8TH TO 12 TH APRIL

Markets failed cross the top of the range of 5800 in the bounce back and moved and broke the lower end of the range ie 5600..Markets have a support in the 5460-5530 (NF) which is where we gapped up in the past upmove a few months back..We are over sold in short term, so somewhere down the line we will get a snap back rally due to Bear exhaustion provided global cues are helpful..5520-5630-5740 should be  a range for the coming week.Pick your select stocks here for a trading bounce profit..Keep booking profits as and when you get them as the trend is down and till we donot make higher lows the possibility of drifting down more is always there tso as to complete the upmove correction, both price/time wise..enjoy your trades..cheers

WEEK 1 st to 5 th April

The month of March ended below the Feb. monthly close..So 5675-5700 emerges as a zone to watch in the month of April..above it long and below it short with your stop loss in place as you do..The range for the last month was 386 points ..The range could contract this month..5600-5700-5800 is the emerging range with a quick flash of about 100-150 points either way on breach of this range..Markets are a tad oversold in the daily charts too and may give a bounce provided the global cues support it..Watch the range and trade accordingly..enjoy your trades ..cheers

WEEK 25th mar to 29th mar

The coming week is a truncated holiday packed settlement week..Lets first consider what markets have done so far????we have been selling from the start of Feb till date making lower highs /lows..This is natural after 13 months of spectacular rise..What else , Huge no. of mid/ small caps are at 52 week lows or  this means stocks prices have crashed to dismal lows but indexes still around 5700 due to index stock adjustments..Markets generally build parallel images and for technical guys will like to point out that if they draw channels in weekly charts from previous lows..they will find that temporarily , this could be a support zone..we have a gap in 5550 zone so can drift lower due to settlement pressure,,Your select stocks are well corrected and can be partially entered to trade a bounce..5750-70 will be resistance after which 5830-50 will be another resistance..clearing these levels  the  markets can retrace to almost 6050 over 5920 zone..Can we reach there is questionable ???as MAJOR CORRECTIONS  do not  end  soon and with time correction we head much lower than these levels, but rallies in a bear markets are spectacular and confusing & should be traded....So keep aggressive trading and book your profits regularly to enjoy being in the stock markets..enjoy your trades..cheers

PS:  A VERY HAPPY HOLI TO VISITORS OF THIS BLOG.

WEEK 18TH mar to 22th mar

Markets failing to cross 5990 broke the 5900 zone to retest the 5800 zone to register a V shaped bounce..Technical traders would be enjoying this roller coaster ride either way  for good gains as the market is giving huge movements..So what are we looking for next week..An event is there RBI policy so be  light going into it..6000-5900-5800 seems to be the range now..with 5900 emerging as a pivot ..trade accordingly.. long term averages are turning bullish in intra day charts with 5830-40 being a  break zone in close..If we remain in this zone and US/Europe holds we may head upwards to test or break the highs made recently..cheers

WEEK 11th mar to 15 th mar

Markets reacted from the oversold support levels as observed in the last weeks postings to squarely cross the resistance zone of 5850 to head towards the next zone of 6000-6020 zone..Strong resistance here..do wait for a decent dip to get in again 5850 now becomes a strong support below 5900-5920 zone..targets above 6020 could be 6080-6100 zone before a decesive breakout over last highs can take place..Remember 5800 is important zone for this month.break can take us all the way to 5600 or below...Trade accordingly cheers

MARKET DIRECTION

This week we will look at what the markets are doing right now...To see the market direction we have to look at the weekly charts..Markets had 3 points of reference while going UP  i e 4767-5034-5555 ,while making the move from 4538-6120..We have finished 78% correction of the last wave i e 5555-6120..any further drop will put the markets in the grip of correction of 5034-6120..which could go as deep as 5280-5560.. A bounce is expected from 5650-80 zone towards 5820-5850  (SL for shorts should be above 5900) at least after which the next leg down can start..The long term  averages are far away from the price so it will take a few weeks for catching up and then a consolidation  phase for any reversals..till then trade the main direction which is down and the occasional bounces..Happy trading cheers.. 

WEEK 25th feb to 1st march

Markets almost moved the range suggested last week..5850 in NF seems to be the key next week..over this levels we should head upwards towards 5950 -6020  below this test to 5800-5750-70 zone..Markets are taking cues from the global markets..FII are selling in FNO segment so just the budget ahead will keep the volitality going...Good times for technical traders who trade with charts for gains either way..Others can just wait for the event to be over to see the trend/drift and carry on from there..Select stock picks can be done for quick gains ..enjoy the trades..cheers.

WEEK 18th feb to 22nd feb

Markets are still correcting and in SELL mode..The highs are not not being crossed and the lows being broken..5850 is a key area to watch next week below which a possibility of 5700 zone opens up..We are a tad oversold so a  technical bounce is expected too..5990-6010 will be a good resistance zone above which 6070-80 can be tested..Select stocks have corrected well and can be dipped in to for this bounce..The trading zone in coming days could be 5770-5890-5990..enjoy the trades cheers..

WEEK 11th feb to 15th feb

Markets did grind down and hit the target of 5900 as written in the last weeks post..5860-5900 should be the support zone in the coming days in case we slip below this level and a bounce back is expected for the over sold positions..Many stocks have corrected well and investors/traders visiting my blog  who booked at the top can now buy this dip in for this bounce back..The corrective up move will define the path beyond the budget etc ..and the key area again to watch will be 6050 zone ..close and stay above this zone for a few days will propel the markets to 6200 & beyond..Break below 5850 will take us to the 5700-5750 zone..This could be the path  leading to the budget..enjoy the markets and your trades..cheers.

WEEK 4th feb to 8th feb.

Markets Made a new top last week but again went into the grinding mood despite the cheer in the global markets..Lot of paper from Govt etc is being offered  absorbed and will continue for some time..We could be in a near term top time cycle wise and the grind down could have started..For the month of FEB do keep watching the 6040-50 zone for any upmove and below this we could well correct to 5900 or below levels..Till then play the placid 6020-6120 range with a sudden move of 150 Points  either way..enjoy your trades cheers

WEEK 28th jan to 1st feb

Markets moved in a range but a huge running correction took place in mid/small cap stocks..That is why profit taking is essential at new tops..These sudden price collapses give opportunity to buy again for trading for quick gains in a range bound market..The market is still range bound now in range 6000-6100 ..This range has to break soon..Correction whenever they set in will be deeper and longer..So keep trading..5970-6000 is key area to watch now on falls and 6100-6120 is resistance zone..a minimum breakout/in will be 150 points either way..enjoy the trades cheers..

WEEK 21st to 25th jan

Markets moved and crossed the top of the  range NF 6050..to make new highs..The climb up is tedious  and can be played by technical players with a sound trading system..Those who have booked profits or wanting to book profits  should wait for good dips to get in again in their favorite trading stocks....As market keeps making higher highs/lows there is no Sell for positional players..5970-80 zone is a good support to watch below 6000 w 6020 &  above 6090 , 6150-6250 zone  is where we can head..5800-5820 will be closely watched for reversals in coming weeks..Enjoy your trades cheers

WEEK 14TH TO 18TH JAN

Markets are still range bound between  5950-6050..They have been in this range for sometime now..So what next..Either play the range and keep booking profits as we reach the top of the range with reduced quantity or stay stay away for a while..This is good times for technical players using trading systems or charts as markets are giving opportunities both ways..The range will break shortly and the run either way will be 150-200 points..Keep the powder dry for select stock picks on sudden deep dips..enjoy your trades Cheers

WEEK 7TH TO 11TH JAN

Markets broke out the range at 5950 to move upwards towards its target of at least 6150..Will it achieve it or stall somewhere in between will have to be seen now that the momentum is slowing and we will be entering the result season..5960-70 will be a strong support zone , FII still buying in cash and the global cues will be watched..so 5960-5830-5750 remains the support zones  and 6090-6150-6250 remain the resistances in the coming weeks..Do book or protect your profitable long positions as the fall will be sharp ,quick and without notice..Wishing all my friends and visitors a very happy prosperous new year..Happy trading..cheers