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.