WEEK 8TH DEC TO 5TH JAN

I will not be posting market view for the period mentioned above ..as I am travelling abroad with my family....in this period

Would like to wish all visitors a very happy christmas and a prosperous 2015...

Will resume posting after i return back to Delhi.

WEEK 1ST DEC TO 5TH DEC

Markets broke out on friday at open above the 8550 zone opening the gates for the 8900-9000 zone in weeks to come..corrections will come on the way but may be shallow as thats whats been happening in the past few weeks..so the range to watch in corrections is now 8500-8550 zone and below this is 8300-8350 zone (NF)..A few segments have not participated in this rally so they may propel markets upwards..Keep booking your profitable positions and be a trader for some time..enjoy the trades..cheers..

WEEK 24TH NOV TO 28TH NOV

This is the settlement week and markets after struggling the whole week made a break out on friday..Will it sustain???? lets see moving forward..watch in coming week or so  closely..8270-8300(NF) is the area to watch in case of any correction now..above 8550 .....8925 zone could be a possible target..The oscillators are all over bought and any corrections could be sudden and very sharp. due to profit taking ...keep your stop losses for longs in place  and also book your profitable positions..enjoy your trades..cheers

WEEK 17TH TO 21ST NOV

Markets have been in a range from the last more than a week of 120 points...As it is not moving up distribution could be taking here..a sudden dip towards 8200 can be expected in case we do not cross and stay over 8450(NF) in the coming days..buy the dip and book profits at the top of the range if not crossed ..cheers

WEEK 10 TH TO 14 TH NOV

Markets crept up towards the targets of 8450 -8550(NF) in the truncated week after staying over 8200 zone..Now this will be a support zone 8150-8200 in case profit taking sets in otherwise we drift up towards the given targets..wait /have patiance for good dips to get in ..till then keep booking profits in your delivery positions as we climb up..Markets are stretched but can keep moving up with the FII inflows which are quite good right now..enjoy the trades cheers

WEEK 3RD NOV TO 7TH NOV

Markets broke the 8100 zone and then crossed recent highs to move higher..This rise has to remain   for a couple of days to sustain..The rise was primarily due to global cues announced in last 2 days..Its a truncated week ahead so nothing much can be expected ..maybe a little profit taking as we go up..8200 will remain a support now till broken in close where buying can be initiated again for further rises..8450-8600 is a app.target of this rise..enjoy your trades..cheers..

WEEK 27 TH TO 31 OCT

Markets rallied to cross the 7950 (NF) zone with gap up in the Diwali week after taking support at the 7750 zone..Break out should face resistance  in this zone of 8050-8100 for some profit booking..another round of consolidation will emerge with 7850-7900 as strong support zone break of which will lead to retesting of the bottom..8200 seems to be the top for a while till it is not breached and closed over for a few days for the next up move..till then book your profits as we rise and buy in good dips..cheers

WEEK 20TH TO 24 TH OCT

We have a truncated trading Festive DIWALI WEEK ahead..wishing all my friends visiting this blog a very happy diwali..Markets broke the lower range to move towards the 7700-7750 (NF) zone as written in the blog last week..we are still doing lower highs/lower lows so have to look for towards markets reversing it some time in coming weeks..The range has drifted down so watch 7750-7900/50 in the coming week for resistance..Do book your profits as we go up to rebuy at lower levels ..wishing all once again a happy diwali ..enjoy the week with friends and relatives..cheers.

WEEK 13th to 17th OCT

Markets have been correcting over the last 20 days sometimes violently other times just drifting...Stocks prices are falling in select segments and stocks..the Index has been making lower highs setting a range of 7850-8000 ...in case more correction is due time wise every rise will be lower than last one and will be sold out drifting towards 7700-7750 zone...so basically a 100 point breakout/down in the set range is possible so buy in a SIP manner your select stocks for a bounce towards near term highs..Trade accordingly cheers..

WEEK 7TH TO 10 TH OCT WEEK

The week ahead is truncated after the long weekend..7950-8150 could be a range for the coming week beyond / below which a quick 100-150 points move can come..Stocks are correcting hard within the range maintained by the indexes so caution has to be taken in buying week segments or stocks as they may fail hard in falls..Results season starts soon so look at investments in sudden falls..enjoy the trades cheers

WEEK 29th SEPT TO 3rd OCT

Markets just about crossed the range given last week to dip towards and break the lower range set over the past few week during the settlement period last week..Despite the opening dip on friday , the week ended with good gains to close at the high of the day..The capitulation was there to be seen in all stocks across the board except a few sectors..The range of 7950 is breached and w/o cues more can be in store in coming weeks below 8000-7950 zone..we took support at 50 SMA 7884 (NF) zone twice in 2 days ..any close below this levels can take us towards the targets of 7700 around..Keep booking profits or sell on these bounces your long positions on 1st sign of weakness..will still look at 7900-8100 as a range now ..enjoy your trades cheers

WEEK 22ND SEPT TO 26TH SEPT

Markets broke the range on the lower side to drift to firmer supports around 7950 (NF) to once again bounce back to 8080 and above zone ..Buying emerges at lower levels but if it fails to cross 8200 top in the next 1-2 weeks chances of a deeper correction may open up..Events about India and global cues keeps restricting falls and the bounces remain fast furious..7950-8150 remains a range and a close above/below this range for a few days will signify the next leg of the market ..till then enjoy the trades..cheers

WEEK 15TH SEPT TO 19 TH SEPT

Markets are still in a range of 8080-8200 ..consolidating waiting for cues to move forwards or backward ..Correction is due and in case in the next few days if it does not cross the recent highs , a possibility of correction may start below 8050-60 due to domestic or global cues..rotation of stocks is going on in this consolidation stage..Trade cautiously with strict stop losses till then..enjoy the trades cheers

WEEK 8TH SEPT TO 12 SEPT

Markets kept in   consolidating mode in a range now higher than previous weeks..Slowly steadily markets have been making higher lows higher highs ..after crossing 8050 threshold its moved towards 8230-8250(NF) or beyond targets ..supports now lies in 7980-8000 zone break of which takes us deeper towards 7850 zone..cross of 8200-8250( resistance zone) and stay over it for a few days will open the markets towards targets of 8500 and beyond..keep strict sl below 7980 for reversals..enjoy your trades cheers.

WEEK 1ST TO 5TH SEPT

Markets settled at the top in the truncated week ..The targets of 8050-8250 zone still remain pending and supports have now moved upto 7840-60 zones ..Markets are moving slowly now with some good news pouring and may creep up towards the targets given above..The churning in portfolios is keeping the index from falling suddenly as one or the other index comes to the rescue when selling starts. DEEPER SUPPORTS are now in range 7200-7500 which markets may  touch once correction starts and we stay below 7840 zone for a few days..Till then enjoy the ride till targets achieved with strict stop losses on your favorite stocks or index..enjoy the trades ..cheers..

WEEK 25TH TO 28TH AUG.

Markets consolidated in a small range last week to break out on the upside over 7900..Non relenting stocks do keep moving higher but only select making new highs and rest not even able to touch recent highs..Index traders are getting opportunities to enter on dips for trading..Targets of this current trend are towards 8050-8250 while good support now lies at 7800 zone..Watch and trade that in this settlement week ..enjoy your trades cheers

WEEK 18TH TO 22ND AUGUST

Markets still in range of 7500-7800 without breaking IN/OUT from last few weeks..It shows  thats it is still consolidating and not finding any reasons for and big move..The same can change suddenly w/o assigning any reason due to domestic/global cues..Traders have been rewarded so far but one of these days we may not rise again so BUYS should have strict SL in coming days..Be in your favorite stocks in  SIP manner in case you want to carry your trades and book profits when it is  are there ..enjoy your trades cheers.

WEEK 11TH TO 14 AUG

Truncated week ahead with a dip last week which shook the bulls a bit.....Makes a good potent trading week ahead..7550 was a support zone below and 7700-20 will now be a resistance for this market..Breakdown or out will be about 150 points ..Deeper corrections are the need for the markets and will depend on liquidity and global situations..Invest in SIP manner or be a plain trader in the coming weeks ..enjoy the trades cheers

WEEK 4TH TO 8TH AUGUST

Markets again moved in the narrow range of 7600-7800 w/o breaking in/out of this range..Range break now seems over due and has to be over 200-250 points..Churning in stocks is being seeing with severe cuts in stocks not showing  good results..for the coming weeks wait for good dips to get in or just keep trading your favorite stocks or index in the range given above with strict sls..enjoy your trades cheers..

28th JULY TO 1ST AUGUST

Settlement week is on us..The markets are still range bound ..now BTW 7600-7800...beyond 7850 a target of 8050-8200 is pending and a retest maybe of 7500-7550 maybe there...in case of break of  the above mentioned range..do wait for some deeper dips to get into your favorite stocks..Till then trading is the best way..cheers

WEEK 21ST TO 25TH JULY

Week before the settlement of this long month of futures trading Markets have been in range of  still  7500-7700 ..seems either side there is no cue available for breakdown or breakout as results season is on..The trading range is same 7500-7700 +/- 150-200 points either side..Trade accordingly and wait for deeper dips to get in once again in your favorite stocks ..till then be a trader..cheers

WEEK 7TH TO 11 JULY

Markets are moving into the BUDGET WEEK...as written last week we moved into the higher side of the 7500-7700 range..in case markets  stay over 7750 for a couple of days the Breakout expected over the the last leg of this up move will be in progress..towards 8200-8500 zone..Caution though is advised with strict stop losses for your profitable positions in case we run/gallop up again..Break downs may lead us all the way back to test 7200-7250 zone in case 7480-7500 zone is breached..enjoy your trades cheers..

WEEK 30 JUNE TO 4TH JULY

The week ended with markets still consolidating in a range despite the settlement week..7500 -7700 seems to be a market range with a +/- 150-200 points quick move on breakout/down either way..Sector rotation is being seen and more can take place before the budget..any sudden dip should be used to take some delivery positions in your favorite stocks..and any rise towards the budget should be used to book profits..trade accordingly cheers..

WEEK 16 TO 20TH JUNE

Markets moved towards its target of 7800+ after crossing the previous highs in the last week , but starting correcting immedietly there on after crossing 7700.. supports lie in the zone of 7450-7500 for the targets as given and below this point a correction again towards 7200 zone..high beta stocks correct hard in such correction and one can wait for deeper dips to get back into them..Trade the index stocks buying them in SIP manner nearer to supports..Trade accordingly cheers

WEEK 9TH TO 13TH JUNE

Markets have broken out again after consolidating for a few days at the 7200(NF) zone..a few closes above 7650 ,could propel markets 7800 and 8200 app.which  could be a target in the coming weeks etc..failure to cross the high for the next  few days could bring markets back to 7450 levels and breach of this zone would signal a reversal again for test of 7200-7050 zone..and another consolidation before the budget....profits should be booked or longs carried with strict sl,s as markets spring a reversal surprise unannounced..Trade accordingly..cheers

WEEK 2ND JUNE TO 6TH JUNE

Markets moved in a app.300 points range in the last week closing at the lower part of the range..Selling seem to have started towards the 7100-7150  range..break of this level and close below this for a few days may take markets lower towards 6600-6650 range..moving up the markets may again attempt 7500 if it manages to cross 7350 zone ..hope profit was booked in your investment trading positions and wait for good dips to get in again..enjoy your trades..cheers

WEEK 26 MAY TO 30 MAY

Markets consolidated the whole week in the range set on result day of 7625-7160(NF)..to slowly climb up by close on friday..Swearing in on monday and settlement week  may propel markets towards 7520 zone if it stays over 7380 zone..7800 is also a pending target of this upmove above which we head  above towards 8200-8500 in coming weeks /months..strong supports now lie at 7160-7200 zone below which some serious correction can take place..Do trade and keep booking your profitable positions till the party lasts..enjoy the trades cheers..

WEEK 19TH TO 23RD MAY

Country celebrates a change of government welcoming Shri Modi as the new PM..Markets too celebrated a huge leg up in the morning followed by a decent correction..So what next ??? Euphoria being over markets will have to move back to fundamentals and technicals in the coming days weeks..So back to normal trading..Hope visitors to the blog did book their SIP investments of the last DIP we got..will trade in the coming days with strict sl's as markets may also look to global cues for moving forward..6650 remains a good support below 6900..and a few closes above 7650 only will propel markets towards 79-8200 zone..A correction is due so care at heights and become a trader till then..enjoy the trades ..cheers

WEEK 12 MAY TO 16TH MAY

A very important week ahead for all us participants of the stock markets..12th evening the exit polls start and 16th we start with the results..As mentioned last week the consolidation/break out/down 6650-6850 range worked well..SIP investment suggestion gave good returns yesterday with the index moving app.200 points of nifty benefiting participants both in index and stock investment..NS posted a higher high in the index...( the sudden move came) hope visitors to this blog are in good profits due to above ....so enjoy the ride & should book  what you have in case the markets give a exceptional  run up..keep your SL's strict.enjoy the ride cheers

WEEK 5TH MAY TO 9TH MAY

Markets still making higher high and low..Is it still consolidating.?????Option analysis is showing a build up    of 6700-7000 right now.. expansion can take it to 6500-7200..we have been in the range 6650-6850 for some time  & awaiting  the election results  by mid May..Hope you are accumulating in SIP method your select stocks etc in this correction /consolidation .. in case of markets running away the same can be cashed ..Weak hearts can wait/stay away till the event is over and normal trading starts again..Enjoy your trades cheers

WEEK 28 TH APRIL TO 2ND MAY

The new series started with the correction on the first day of the series..What next???? below the levels of 6806 a sharp tight correction can set in for targets of 6750-6500 ( N F )in the coming weeks ...above the highs of 6860 the markets can attempt a move to 7050 or higher( which are  higher than these levels )...In case of sharp correction select stocks can be bought at support levels partially in a SIP manner..Trade will have to be taken on a daily/weekly basis till the event of 16th May is behind us starting from exit polls start..Trade accordingly..enjoy your trades cheers..

WEEK 21ST TO 25 TH APRIL

The coming week is the settlement for the month of April and also truncated due to holiday on 24th..The market reacted after 3 days correction and may retrace 60-80% of this down move..it was mentioned before also that 6850 is apossible target & cross may  take us to 7050 zone for this rally...In case we fail to cross the high and stay over it for a few days ,depending on global cues a short sharp correction of this whole up move may start..So be a trader for this week and be alert for a fast furious reversal in case when do not make and sustain new highs..Support below 6650 zone will go all the way to 6470-6500 zone ..enjoy your trades cheers..

TRUNCATED WEEK 15TH TO 17TH APL

Markets just about in a range last week making higher hi's again..The week ahead is truncated  so not much again can be expected..markets have reached a good resistance zone of 6850 above which is 7050  zone..below the current lows can test 6700 or 6650 zone..A good correction of this long move time wise also is due so care should be taken as global markets too correcting..the settlement also is early so do trade the trades carefully specially option traders..wait for deeper dips to get into your selected stocks..till then just trade,,,cheers..

WEEK 7TH TO 11 TH APRIL

Markets have been clearing highs almost every day of the last week to make a high of app. 6800 NF..Corrections of just 50-60 points and deeper of 140-150 points have been taking place in this rally of 2 months after which the highs were cleared always to make new highs..In the near future in case the markets decide to make a lower high and the corrections go deeper to start making lower lows..bear in mind that the correction of the whole up move from 5957 zone may have  started..Elections start next week and volatality will be supreme as we come closer to results mid may..so trade with caution to buy good dips and keep posting profits..Booking profits and carrying money home is always a good idea..Trade accordingly..cheers.

WEEK 31 MAR TO 4 TH APRIL

Markets held 6500 (NF) and moved to cross 6550 towards new heights and zipped towards 6700+ zone..FII buying  and DII profit taking is still making markets hit new highs every week..So what next???As per DOW Theory so long as we are making higher highs and higher lows..we will have to keep trading the trend..but caution is required and these are zones by keeping strict stop losses..6900 could be a tentative target beyond 6650..Markets always correct and as of now 6400-6450 now seems to be the base of the market right now as markets did a multi month breakout at this zone..Wait for a good dip for getting in again.(.31 st March NAV for funds will be at tops this time )  enjoy your trades cheers..

WEEK 24TH MAR TO 28 TH MAR

Markets are still in a range bound mode after 8-9 days...Despite FII daily  buy in cash the markets refuse to move up.& cross the 6600 threshold ...Distribution /profit taking seems to be taking place ..Watch 6450-6550 zone as compression  zone  beyond /below which can be a quick 100-150 point move either way..6500(NF) seems to be the neutral zone as of now..Being the settlement week some volatality will be there ..wait for deeper corrections to get in  your select stocks..till then be a intraday trader..enjoy your trades cheers

WEEK 18TH TO 21 ST MAR

Markets halted at the 6600 zone NF for a consolidation/profit taking..Trade ahead has to be with strict SL at the last weeks low or below around 6400-6350 ..failure to cross 6560-80 zone deceisively in the next week will be reason for BEARS to come into play.and a cross /close above 6620 for a few days will signify a good breakout...As next week is the settlement week so a range bound trade may be in offing and beyond that the political /global events can take over..Do wait for sudden good dips to get into your favorite stocks again..Markets always correct and will correct now also..Take your call..cheers and a VERY HAPPY HOLI TO ALL VISITORS TO THIS BLOG..

WEEK 10TH MAR TO 14TH MAR

Markets gave the much awaited breakout with the typical flash range expansion of 5620 low in NF on start of the week..over the retracement of 80% of the 6480-5957 range the markets opened up for a quick run up with targets of 6505-6676..& above...profits should be booked in all positions as we head up with a strict SL around 6500 zone NF..Wait for a dip to trade this rally enjoy the trades... cheers

WEEK 3RD TO 7TH MARCH

Markets gave the breakout in the last  week to move to the higher range after the consolidation..Move is a bit laborious ..and the markets now are overbought..One will have to wait for good dips to get in again and savvy Traders can use their technical skills to chase the markets up/down..6200-6150 will now be a good support zone and 6300-6320 a resistance zone..Trade accordingly.cheers

WEEK 24th feb to 28 th feb.

Markets still in a range and failing to break over 6150 and stay over it for a few days..being a truncated settlement week some volatality will be there so trade accordingly..May still remain in a consolidation phase with a range of 5950-6200-30 type ..any move beyond these levels will be a quick 100-150 points either way..Wait for good dips to get in your select stocks..& keep booking profits on your trading positions..and be a trader till then..enjoy your trades cheers

WEEK 17TH TO 21ST FEB

Markets resisted again  below 6150 and corrected  with volatile bearings..Most market players have to accept the current volatality as a consolidation phase the period of which can extend over weeks/months..the range is being set..6080-6150..lower down is 5950-6050..beyond this when ever markets break loose 6350-5750 or 5800-6200..could also be in offing..Investors should keep looking at their pet stocks on value basis and invest not on what the index is saying but where they have been corrected to..every sharp dip can be bought for trading purposes..enjoy your trades ..cheers

WEEK 10 th to 14th FEB

Markets after breaking the lows of 6150 (NF) moved towards 5950 zone as mentioned in the last posts..It has to retest this break in the coming week and then the lows to see if it further moves down..Major time periods are in SELL and every rise may be sold..Below 5950 we could head towards 5750-5800 zone..Do keep trading your positions and wait for deeper corrections in the coming time for long term investments..enjoy your trades cheers

WEEK 3RD TO 7 TH FEB

Markets broke the range during the settlement week of 6150-6350 to move towards the 5950-6000 zone..We have made a top at 6480 now which will take time to cross..Global cues are weak and markets should head down to complete the correction  of 5750-6480 zone..Every rise may  be sold as major periods are also in sell.. Trade the bounces well from the oversold zones in the coming weeks months& keep booking profits.. till a finality is not there after elections..generally markets have been doing a 350-400 points monthly range ,,,any breach of this will take  us into a deeper move..trade accordingly..cheers

WEEK 27 TH TO 31 JAN

Markets moved towards the Top of the range towards 6350, failed to surge ahead and moved back towards the 6220 zone ..Breach of this zone next week will take us to the bottom of the range or 6151..Global cues not holding there is possibility again of breach of this zone towards 5950-6000 in the coming days or again a range bound trade between 6150-6230-6350 (NF).Breach below  6151 will signify a top in place and more correction to come in the coming months to retrace the 5108-6480 ride..Trade accordingly & wait for good deep dips to get in your select stocks ..cheers.

WEEK 20TH TO 24 JAN

Markets still moving in a range of 6150-6350 and unable to do a break out/down..So what next..???Markets have made lower highs and have to break the lows to make a decisive move down below 6220 towards the 5900-6000 zone below 6150(NF)..or has to move above 6350 towards quickfire 6500+ zone by this month end failing which a TOP could be in place temporarily..Trade accordingly..cheers

WEEK 13th TO 17TH JAN

Markets are still moving in a range with a little volatality from the last few days..This range now of 100-120 points  has to break in the coming week so the markets can expand...6220 still is the mean point with now a range of 60 points on inner side and break beyond this will take the markets 120-150 points either way of this range..Do buy your select stocks in sudden dips and keep booking profits..Globally the Big Ticket Funds will start planning  allocating & investing for the year 2014..Trade accordingly..cheers

WEEK 6TH JAN 10TH JAN

Markets welcomed the new year by crossing the recent top to close between 6400-6430  and then dipped towards 6220 as had been written last week..As we are moving into the result season soon volatality will be there to stay..6220 was held last week in close so any close below it will take us in the 6080-6120 support zone..resistances will come in 6340-50 zone now and decesive close over 6430 in the coming weeks/months only will propel markets towards 6900-7200 zone.. keep trading till then..cheers