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