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.
Sunday, February 24, 2013
Sunday, February 17, 2013
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..
Saturday, February 9, 2013
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.
Sunday, February 3, 2013
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
Subscribe to:
Posts (Atom)