WEEK 30 TH DEC TO 3RD JAN 2014

Markets have completed this settlement on the positive side but is still in the range as mentioned last week...Crossing 6220 we again are heading towards 6400-6430 range failing which we retest 6220 and below towards the recent lows of 6151(NF)..Volumes may be less going towards the new year so book profarits and trade light and wait for good dips to get in again..enjoy the ride.. cheers

WEEK 23 TH 27 DEC

Markets have been quite volatile this last week based on events  but the range is still 100-150 points and much lower than the recent highs made..Where are we headed now for the year end...As written before 6220 & above takes us over 6320 towards 6400-6430 zone..Do keep booking your profits as we climb up and see the trades from there if we cross and sustain above highs for a week or so..below recent lows 5950-6000 should be retested and gives some opportunity to reenter stocks again..cheers..

WEEK 16th to 20th Dec

Elections came and went..Markets gave the Flip up and Settled & then quickly corrected down ..As written we did reach around 6500 but failed to sustain to move  the markets higher..The reversal is for the complete move starting from 6000...6220 again is a crucial S / R  level to watch next week below which the correction goes deeper..6300 is a resistance zone over which 6420-50 can be tested again.Do buy your select stocks which have again corrected well for a move up to retest tops again after this correction is over..enjoy your trades ..cheers

WEEK 9TH TO 13TH DEC

Markets held the 6180-6200 (NF) to gallop up on election news..So what next..??? Markets again have retested the tops as was written a few weeks back when we were at 6000 zone...Technically the markets are at lower tops , failure to cross in the next few days /weeks will set in a correction which could be longer lasting if recent lows are broken..taking us to 200 Dma Cross of highs can technically take us towards 6800 if we stay over 6450-6500 zone for a week or so..6220-50 is the  S/R zone 

For rest enjoy the election results and  the  roller coaster ride on MONDAY ..if any ..enjoy your trades and keep booking your profits as we rise ..cheers