WEEK 27TH OCT TO 1ST NOV

Markets have been making higher highs and profit taking sets in..Either the markets are consolidating for another leg up or after making a lower low ..correct as selling has set into the daily charts, though weekly/monthly are still in the buy mode..Watch 6150 for next week with support below 6120 at 6000-6020 and resistance at 6250 or higher around 6300(NF)..Break of thyis range will give a quick 150-200 points on either side..Being the settlement week volatality will be there so trade acoordingly by buying in good dips..Enjoy your trades cheers

WEEK 21ST TO 25TH OCT

Markets are almost spot on towards the initial targets of range 6210-6250(NF)..Some reaction should come from these levels next week towards the support zones as mentioned last week..before any further breakout if it takes place in the coming weeks for the all the time high to be achieved and crossed..Most of the stocks are languishing at lows and the rally taking us to these highs is based on a few select stocks  of the Index.. Traders trading the IndexFutures or Options have enjoyed good gains these last few months & maybe change of stratergy  is required. by people who are missing the rallies etc ..Trade them in coming days /weeks for gains..enjoy your trades cheers

WEEK 14TH TO 18TH OCT

Markets broke the range last week to surge ahead in results start..It had made a classic H / S pattern in daily charts suggesting targets of 6160-6210-6250 (NF) upon breakof 6020 ,which it has achieved partially.. Some more move up is in store if Banking index helps along with Oil and gas..6000-6020 will be a watch zone now..below which will  be the elusive 5820 which held very well last week..Markets always dip, book your profits from last week and wait..Trade accordingly..cheers

WEEK 7TH TO 11 TH OCT

              HAPPY NAVRATRAS TO ALL VISITORS OF THIS BLOG

Markets just about moved in the range given last week with a breach at the top..Beyond next week the results season starts which will have bearing on the markets going forward..Do book your profitable positions in the coming week and start fresh with the results season..Good dips have always provided opportunities to make money..so patiance is name of the game..5820-6020 will the range and break can give a sudden 150-200 points move..Trade accordingly..cheers