Monthly December Weekly 2nd to 6th Dec

Markets again followed the footprint as projected last week in my post..We held the lows and crossed the consolidation zone to edge above 6220(NF) again..This month of DECEMBER ,6180-6200 will be the watch zone with at least a 200 point +/- range..For the coming week 6100-6300 is the trade zone with S/R at 6200..Do book your profitsas we move up or stall and wait again for good dips to get in as coming days will get volatile as results of assembly polls approach..enjoy the trades cheers

WEEK 25TH TO 29TH NOV

People following this blog would have got it right in the last few weeks the markets movements..It was clearly advised of a app.  Diwali  week top..then a correction..an oversold positions rebound ..followed by another fall..The markets followed the script perfectly till now..

Now what next???? In case the last weeks Low is held in the coming week the markets will attempt 6220 again and cross of this zone the recent top of 6383(NF)..Failure can take us to 200 DMA at 5850 around at least , below which a deeper correction can start..5990-6120 could be a consolidation zone for the market in the coming week etc( do keep in mind the settlement week volatality..).. ..so trade that..Do buy your select stocks for trade..enjoy the trades cheers

WEEK 18TH TO 22ND NOV

Markets made the temporary  bottom last week to give a run in to the oversold positions of the last 8 days ..A few more days of up move will be healthy for the markets after which the next leg down could start..6220 is the watch zone +/- 100-150 points breakout/down from here..Trade accordingly..cheers

WEEK 11TH NOV TO 15TH NOV

Markets after making a Diwali top went into correction mode as was expected..The first leg of correction could be complete , with a reversal next week followed by correction again..Weekly charts again suggest a top in place with a lower swing made last week..The market now needs a Time/Price correction of the last move from 5100 zone..Being a trader who buys dip and deeper wait rewards the brave..6280-6320 should be a good resistance zone above 6220 and 6080-6050 a good support zone below last weeks low..Breakout/In could be 100-150 points from this range..enjoy your trades..cheers

MONTHLY & WEEKLY 5TH TO 8TH NOV

Markets gave a breakout to post a new HIGH at diwali in both SENSEX/NIFTY..So the weekly monthly buy worked out well..ultimate targets for this leg up could be in range 6800-7200 in the coming months year etc etc ..whenever the breakout sustains...For the coming month 6080 is now the watch zone below 6250-6220 zone ..resistance above 6400 could be in range 6450-6470..Do book profits and wait for good dips to get in..Post Diwali is a new year of trading and caution ahead could be the name of the game..Till then enjoy your trades cheers..