30TH SEPT TO 4TH OCT

Markets have been consolidating last week between 5820-5950...Making a I H/S in daily charts ..Break of 5820 zone takes us way down towards 5500-5550 zone to start with and break of 5950 could retest the tops or go higher....Range expansion should take place in the coming truncated week..As the settlement is far off at 31 st Oct..we should get 2 huge moves either side so trade accordingly for good gains in this month..enjoy your trades..cheers

WEEK 23RD TO 27TH SEPTEMBER

Markets got the fillip from the FED statement and gave a huge leg up to cross the last high decesively. Volatality returned with our RBI policy to give a fast furious dip..etc..The fact is markets were over stretched  and needed a breather to correct consolidate for a few days to decide whether to move higher or correct this rise..The 3 weeks from the bottom is over so it can be any which way..The range set right now should be 5950-6050 +/- 100 points below or above which will come the breakout / breakdown(remember its the EXPIRY WEEK so care on both sides of trade)..Traders should reduce their trading positions and investors book their profits to wait for a good dip to get in the trades again.. enjoy your trades..cheers

WEEK 16TH TO 20 TH SEPTEMBER

Markets crossed 5820 decesively to head towards the 6050 target above 5933 zone..Correction held 5820 last week...breach of 5780 in coming weeks will take us all the way below 5600 and above 5920 we should head for 6050..The run up was fast furious from the oversold zone and  the fall could be equally fast in case the up move looses steam..Trade accordingly..cheers

WEEK 10TH TO 13TH SEPT.

Markets moved above the resistance zone from the severely oversold zones..The time cycle ending also gave the fillip to this move after August correction..Beyond 5750 the doors open for retracements  all the way from 6100 zone..Below 5550 the downward trend will resume to complete the correction started from 6329 zone..5650-70  to be the SL for longs in the coming week with 5820 as a possible target over 5730-50 zone..Trade accordingly and book your profits ..Its always rewarding to buy the dips..cheers

WEEK 2ND TO 6TH SEPTEMBER

Markets gave the classic dip towards the 5050-5100 zone..hope visitors to this blog used the opportunity to get in for good profits during the settlement week volatality..Cash buying should be booked as decent profits in select stocks is available if you had bought the capitulation..So what happens ahead..We almost completed theongoing weekly technicals target at the bottom and this retracement  can be used over this month to unwind stuck longs so the next   dip can be taken again..For next week watch 5530 zone over which 5650 and above can be achieved  in this up move..any dip towards 5320-5350 zone will give opportunity to enter selectstocks of your choice..Below this we can go all the way   below 5108 towards 4950-5050.. again..trade accordingly..cheers

PS:  We are again at  important Time Cycle zone now ..