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