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..