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
power house for nifty technicals and stock market fundamentals with charts and technicals.
Saturday, February 22, 2014
Sunday, February 16, 2014
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
Saturday, February 8, 2014
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
Saturday, February 1, 2014
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
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