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