WEEK 27 TH TO 31 OCT

Markets rallied to cross the 7950 (NF) zone with gap up in the Diwali week after taking support at the 7750 zone..Break out should face resistance  in this zone of 8050-8100 for some profit booking..another round of consolidation will emerge with 7850-7900 as strong support zone break of which will lead to retesting of the bottom..8200 seems to be the top for a while till it is not breached and closed over for a few days for the next up move..till then book your profits as we rise and buy in good dips..cheers

WEEK 20TH TO 24 TH OCT

We have a truncated trading Festive DIWALI WEEK ahead..wishing all my friends visiting this blog a very happy diwali..Markets broke the lower range to move towards the 7700-7750 (NF) zone as written in the blog last week..we are still doing lower highs/lower lows so have to look for towards markets reversing it some time in coming weeks..The range has drifted down so watch 7750-7900/50 in the coming week for resistance..Do book your profits as we go up to rebuy at lower levels ..wishing all once again a happy diwali ..enjoy the week with friends and relatives..cheers.

WEEK 13th to 17th OCT

Markets have been correcting over the last 20 days sometimes violently other times just drifting...Stocks prices are falling in select segments and stocks..the Index has been making lower highs setting a range of 7850-8000 ...in case more correction is due time wise every rise will be lower than last one and will be sold out drifting towards 7700-7750 zone...so basically a 100 point breakout/down in the set range is possible so buy in a SIP manner your select stocks for a bounce towards near term highs..Trade accordingly cheers..

WEEK 7TH TO 10 TH OCT WEEK

The week ahead is truncated after the long weekend..7950-8150 could be a range for the coming week beyond / below which a quick 100-150 points move can come..Stocks are correcting hard within the range maintained by the indexes so caution has to be taken in buying week segments or stocks as they may fail hard in falls..Results season starts soon so look at investments in sudden falls..enjoy the trades cheers