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.
Sunday, January 26, 2014
Saturday, January 18, 2014
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
Saturday, January 11, 2014
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
Saturday, January 4, 2014
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
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