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