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..
Sunday, June 29, 2014
Monday, June 16, 2014
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
Sunday, June 8, 2014
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
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