WEEK 28TH DEC TO 1 ST JAN

Markets are moving in a narrow range as holiday season has ticked in and volumes have slowed down. next week is settlement week  so some volatile movement can be expected..7800 NF seems to a support below which a retest of 7700-7720 can be done. over 7900,  7950-7980 could be a target, though markets are struggling around 7850/60 zone. Buy the good dips and book your trading profits when it comes..cheers

WEEK 21ST DEC TO 24 DEC

Markets almost  moved in the range as projected last week. taking support at 7579 nf it moved towards the higher end 7864 nf. after crossing the PIVOT of 7690.hope profits was booked at the top last week. 7700-7680 again happens to be a decent support for the next leg up towards 8050-8100 , failing which a retest or break of lows can be seen in the coming weeks. buy the dips mantra should be working for traders and for long term SIP buying in their favorite stocks..enjoy the trades cheers.

WEEK 14 TO 18 DEC

Markets broke the RANGE last week to dip towards the old lows made in september.. global local cues not favoring may even lead to deeper corrections in the coming weeks. As the markets may become a bit oversold a few days sharp reversal is not ruled out . perfect time to dip into your favorite stocks for mid to long term in a SIP mode.Keep trading in the meanwhile as a reversal towards 7780-7820 is not ruled out in case 7500-7550 (nf) hold in the coming week with 7690 around being the weeks pivot point.enjoy your trades ..cheers

WEEK 7TH TO 11 DEC

Markets remained range bound again this week between 8000-7800. Next again it will be same range with a breakout of about 100-150 points if it takes place.Its becoming difficult for index traders to trade with the gap up/down , so do the intraday trades when breakout of ranges take place and buy good dips for profits at higher end of the range..enjoy the trades cheers

WEEK 30 NOV TO 4 TH DEC

Markets remained in range  still 7700-8000..waiting for global or local cues for the next move. next weekend should shed some light from the US fed or maybe some cue about GST here.. the range has narrowed to 7800-8000 ..a break should give 150-200 points quickly either side. wait for dips near supports to get in and keep booking profits ..cheers

WEEK 23 TO 27 NOV.

Markets have been moving in a range from the last few weeks which is 7700-8000 after the correction from the top. The range needs to be broken by about 200 points either way for a directional move. Till then keep trading this range and keep booking your profits when available.enjoy the trades cheers

WEEK 19 TH OCT TO 15 NOV

Will be travelling abroad so will not be posting the weekly technicals. enjoy your trades and wishing all a very happy dussehra & diwali ..cheers

WEEK 12 TO 16TH OCT.

Markets opened near  the resistance of 8050 to move up towards 8200-8250 zone. We are in a tad overbought zone but results of INFY will define the short term trend. resistances lie between 8300-8400 and supports at 8000-8030. watch 8150 zone carefully for the direction of the market.last week was narrrow range of just 218 points. enjoy your trades cheers

WEEK 5TH TO 9TH OCTOBER

Markets moved in the range again despite RBI cuts . 7850 proved to be a support zone above 7700 and markets resistated at 8050 zone again. In the coming week 7900 zone should give a support for a move above 8050 for 8200. break below 7900 can take us to 7750-7800 zone. Do keep booking your trading positions and buy the good dips ..cheers

WEEK 28TH SEPT. TO 1ST OCT

Markets moved in a range of 7700-8000 (NF) there by halting the upwards move in the truncated settlement week.Next week too it looks the same range +/- 100-150 points on on some global cues ..area to watch will be 7850-70 zone for any direction of the move..do keep booking profits when you can and buy good dips in your selected stocks.cheers

WEEK 21 TO 26TH SEPTEMBER

Global cues propped the markets beyond the range to move towards the higher end of the range towards 8050-8100. Markets have moved 500 points from the bottom despite huge build up of PUTS when we were at bottoms. so what next..A retest of the bottom is due to establish the higher lows higher highs model.. its a truncated settlement week so volatality can return in the coming week.supports lie around 7800-7850-7900 and resistance around 8150-8200 trade accordingly.cheers

WEEK 14TH TO 18 SEPTEMBER

Markets almost touched the low-high of the band projected last week (7558-7878)..Hope visitors to the blog bought and booked their profits..so what next..weekly range is 320 points.  The range can narrow this week between 7600-7900 with a 100-150 point breakout/in zone.7740-50(NF) can the neutral zone to watch. Truncated week and FED meeting ahead may bring volatality so keep strict sls for coming week enjoy the trades cheers

WEEK 7 TH TO 11 TH SEPTEMBER

Markets halted to trip again in the last week due to volatile global cues to retested and break the lows made recently. 436 points was the range last week .Global cues are still weak so drift downwards may continue next week too.below last weeks low supports lie at 7550-7420 zone below 7590..resistance lies in 7875 zone for the time being above which is 8000 zone..7790 around is the weekly pivot. SIP buying in your favorite stocks can be done and on any good rise profits booked.Do keep in mind that we are still making LOWER HIGHS AND LOWER LOWS..  and till this trend  is not reversed  caution has to be done in your trading accounts..Markets can remain oversold or overbought for days / weeks ..enjoy your trades cheers

WEEK 31 ST AUGUST TO 4 SEPTEMBER

What a roller coaster ride last week..Started with a huge gap down and rushed towards the May 16 th 2014 high made..The fall had been lurking for long as we were not able to cross 8650 for a bit of time..The reversal from the lows of 7665( nf ) was fast furious.Now what next,..We had a 460 point range last week which  should reduce in case volatality settles down in the coming week.8200-8250 on the upper side and 7800-7850 on the lower side with 7900 set as middle point should be watched ..enjoy the trades and do keep booking your profits when they are there . ..cheers

WEEK 24TH TO 28TH AUGUST

Markets had resistance around 8500-50 zone and failed to capture the 8650 top of the range so fell and broke 8350 range to move  150-200 points lower as being projected in the last few updates in this blog. With US  sold out on yesterday we can expect a weak weekly opening ..8150-8200 should be a good support zone +/- 50 points in case the friday low is  broken for a small bounce back towards the settlement..Trade according and also look for your favorite  select stocksin sip manner  in case of panic bottom next week.enjoy your trades cheers

WEEK 17 TH TO 21 AUGUST

Market touched the lower range at 8350(NF) app. and turned to cross the 8500 mid range to close the week at a higher end..Seems we are still in the same 8350-8650 +/- 150-200 points range..Do book as we reach the top of the range and keep SL's if we drift down. enjoy your trades cheers

WEEK 10 TH TO 14 AUGUST

Markets are still range bound between 8350-8650 with 8500 being the neutral zone.Breakout/in will take the markets swiftly 150-200 points either way..Wait for good dips for investment entry and in mean while can buy small dips for trading..enjoy your trades..cheers

WEEK 3RD TO 7 TH AUGUST

Markets dipped from its consolidation zone to test the lower range at 8300-8350 to bounce back towards 8550-8600 zone..8650-8700 is a strong resistance zone and 8250-8300 a strong support zone with 8500 being a neutral zone..Trade accordingly cheers

WEEK 27 TH TO 31 JULY

Markets in the last week have been moving in a range 8500-8700 app.Break of this range can give a 150--250 points move quickly..Its been 5 weeks since this last up move started and its been making higher high/lows so far..we have to keep making higher highs to sustain this up move failing which the markets will dip to test lower levels..watch 8470-90 (NF) zone carefully for this dip.Trade accordingly..cheers

WEEK 20 TO 24 TH JULY

Markets almost touched the lower part of the range at 8326  (NF) to move up for a break out over 8561...beyond 8650 zone 8800-around could be a target in case markets hold 8530- 8560 zone in the the dips in the coming week...Trade accordingly..cheers

WEEK 13 T0O 17 TH JULY

Markets are range bound now between 8000-8500 in the near term and narrowing of this range will be between 200-250 points..This range bound has to break in the the coming weeks  and can lead to a 200-300 point break out move either way..8250-8300 holds the key for either side range bound or break out trade trade accordingly..cheers

WEEK 29TH JUNE TO 3RD JULY

The week ahead will have bearings of global factors specially Greece /Europe..The ride up  can have the correction as being shown in the sgx nifty this morning..8200-8156 seems to be a support for the time being and 8450-8500 again remains a resistance area..trade accordingly cheers

WEEK 22 ND TO 26 TH JUNE

Markets did not breach 7900 support and after making a higher low moved towards 8150-8350-8500 targets..Will it make it there..been a laborious few days to reach 8250 once it crossed 8020..The supports lie at 8200-8150 zone and resistance at 8300-8350 zone for the coming few days.settlement week always is volatile and June end will be quarter closing for all funds..Trade accordingly..enjoy your trades and keep booking your profits..cheers

WEEK 15 TH TO 19TH JUNE

Markets after retesting tops around 8500 zone twice corrected to break the Low of 8020 -8000 in the last week clearly indicating that this is the timewise/pricewise correction of the last rise til 9191 (NF)..7600 was the 16 May '14  top made and in case we break 7900 we may head there to breach this high..8500-8350-8150 now remaijn key resistance areas in the coming weeks above 8020 zone. Buy into your select stocksi n a SIP manner and keep booking profits near resistance zone..enjoy your trades cheers.

WEEK 1ST TO 5 TH JUNE

Markets  made a top last week to quickly break 8450 levels to head to wards the projected 8300(NF) zone. Its made a higher low from 8020 made early this month ..Next week we see whether we make a higher high towards the target zone of 8500-8550 or a little higher.8360-80 is a important support zone to watch for a move over the recent highs next week besides the RBI POLICY..be light around the events....trade accordingly and keep booking your profits .enjoy the trades cheers. 

WEEK 25 TH TO 29 TH MAY

Markets after moving in a range broke out to hit app 8500-8600 the top of this range for the time being.strong support lies at 8350-8300 and resistance at 8550-8600..8450 can be taken as the breakout/in point for the coming week..trade accordingly for the settelemet week cheers

WEEK 18TH TO 22ND MAY

Markets are making a higher low and a lower high in the last week..the range is narrowing despite of huge volatility through the  week..This could be a prelude to the breakout of the range in the come week or so..8150-8300 seems to be a range right now( +/- 150-200 points for a small breakout/in)..keep booking profits in this range..7750-8750 is the outer range for the time being.enjoy your trades cheers

WEEK 11TH TO 15 MAY

Markets gave a flip up from the lows but failed to sustain over 8300 to break the lows towards 8000 nf..Reversal again was sharp as buyers came at these levels..This seems to be correction of 7750-9191 range of the market..The next dip if the low holds has to be seen for any sembelance for a move up otherwise every rise has been ending in a sharp fall. watch 8310-8350 zone for any resistance if we keep moving up 8100-8136 should lend support for a up move..do book profits or keep strict sls for your long trades..cheers

WEEK 4TH MAY TO 8TH MAY

Markets have been drifting down from last 8 weeks from 9191(NF) and made the lowest last week at  8136 nf..which is app.88% from the rise of 8007 nf.. price wise and 62 % timewise (weekly). Can it drift further down...why not?? but any drift further can take markets  all the way to 7700-7300 zone.. Possibility of a reversal is there in case we cross and stay over  8220 for a few hours.and over 8300 for a few days..towards the last high.made.. trade accordingly..enjoy your trades cheers

WEEK 27 TH TO 30 APRIL

Markets showed their weakness by tripping right at the start to head towards the recent lows made and broke them twice last week. when large institutional buyers book profits there is no stopping the drift low.Had mentioned this a few weeks back that we are finishing 13 months of ride up and should brace for corrections in coming time..For this trend to reverse watch markets make a higher high and low in coming days weeks for some reversaL..8460-80 & 8220-8200  is the LEVEL to watch next week ..Below it the drift continues .Stil buy your select shares in a SIP manner so that profit can be booked on sharp reversals which markets always gives..enjoy the trades..cheers.

WEEK 20TH TO 24TH APRIL

Markets crossed the threshold of 8850 briefly to reverse voilently breaking the 8780( NF ) zone  to head down for retest of the lows..8550-8600  seems to be a support zone below the last weeks low where markets can halt, consolidate for a relook upwards , failing which possibilities of breach of recent lows emerges strongly..if this correction continues then 8000 or lower can be tested below the lows made recently.Stay above last weeks close for a few hours may give a fillip up to the market watch that zone and trade accordingly. cheers.

WEEK 13 TH TO 17 TH APRIL

Markets crossed the threshold of 8650 to move towards the target zone of 8800-8850 zone. 9050-9100 or maybe a new high soon now could be a target if we cross 8850(NF) and stay over it for a few days ..Breach of 8750-8720 zone will take us all the way to retest the recent bottoms made or lower still. RESULTS  start next week so keep booking and watch 8780 for any reversal signs.. enjoy your trades cheers

WEEK 6th to 10 APRIL

Markets held the bottom made recently and moved quickly to cross the resistance of 8550 towards 8650-8700 (NF) zone.Is it the end of the correction..Only the retest of lows and the coming result season will tell what the markets have in store for us..Below recent lows 8000-8100 zone offers strong support and above 8650, 8800-8850 is a strong resistance..Markets may remain range bound in 200-300 points till the results and then taking a cue from there start the new journey..Keep trading the buys of the good dips you get..enjoy the trades cheers

Truncated Week

The week ahead is truncated so may be range bound. The previous week broke the lows to move quickly to the lowest levels showing this correction is for the rise starting from 8000(NF) till 9191..Markets have corrected well and this can go on further for some time wise correction .8550 now seems a big resistance if we spend more time below that..The correction is spread across segments of stocks.Select good stocks can be picked in a SIP manner over time for a move up..Long back had mentioned that the target of markets is about 9200-9250 above 9050 ..we just managed there before a good correction set in..Below 8000 persistant stay may drift this markets towards the target of 7300 zone..enjoy your trades cheers.

WEEK 23 RD TO 27TH MAR

Markets moved in the range the whole week btw 8650-8850(NF) as had been written to consolidate and finally dipped towards the major support zones at 8500-8550 levels..WHAT NEXT ?????? well 8450-8500 could be a near term target if the low of friday is broken otherwise we Head towards 8850 again for the settlement. a move above that will tell that a near term bottom is in place for testing the tops again..Trade accordingly and keep booking profits at the resistances as they come for rebuy in dips.enjoy your trades and HAPPY NAVRATRAS..CHEERS

WEEK 16TH TO 20TH MAR

As written last week the Markets broke the 8900 levels of support to move towards 8600(NF) zone on friday..So we are near the support zones now.Markets will need some cues or props to move up otherwise will consolidate here to finish the time wise corrections and maybe drift a bit more down..Keep trading in the coming week and buy your favorite stocks for trades now...Breakout for markets will be over 8880-8900 ..keep trading the 8650-8850 zone.. enjoy your trades.cheers

WEEK 9TH TO 14 MAR

Had written in the last few months repeatedly that markets are targeting 9200-9250 (NF) in the coming weeks so dips have to be bought..Hope readers of this blog enjoyed the ride..The dip was severe due to profit taking on the gap up but stopped at crucial supports repeatedly. What Next???below 8900 a good correction can take us all the way to 8500-8600 zone in case we fail to cross the recent high made..Cross of high targets 9350-9500 zone initially and over 9800(NF) in a few weeks/months. Time wise we are completing  a cycle so caution has to be taken in your longs and profits should be booked here or as we rise..enjoy the trades cheers.

WEEK 2ND TO 5TH MAR

Markets have crossed the 2 hurdles of settlement and budget to close at a near term high..What next..markets have to consolidate here to absorb the budget and see forward from there ..the range for trade now is set at 8700-9050 (NF)..a break either way will take markets 150-250 points either way. Markets have been up and going for app 12-13 months..failure to make NEW HIGHS will not augur well for the markets and the long expectation of a good correction may set in..Do book your profits as we rise and wait for good dips to get in again..enjoy your trades cheers

WEEK 23 RD TO 27 TH FEB

Markets moved up towards the resistance zone of 8950 to correct twice..Hope visitors to the blog were able to book their profits to reenter again at lower zones..Budget is just a week ahead and settlement may take us to a new high or beyond if we stay over 8950-70 zone for a few days..8800(NF) is emerging as a support zone now..keep trading and booking your profits..enjoy the budget cheers

WEEK 16TH TO 20TH FEB

Markets hit a bottom on the Delhi elections and turned to reverse sharply again over the last week..8500-8550(NF) took the support this time for the reversal..8900-8950 is the key area to watch for the resistance to come back..Budget is after this months settlement and the markets can cross to make new highs in early March..Markets are a tad overbought in this long run of last 12 months..do keep booking your trading positions as we approach the budget and now the stop losses will be about 8500 zone as the next levels deeper are 7900-7300..enjoy the trades cheers

WEEK 9TH TO 13 TH FEBMa

Markets made a top and reversed as was observed in the last weeks posting to move to retest the recent highs that it had made at 8668(NF).. the range where this market can take support consolidate is 8550-8700 below which the drop will be very sharp towards 7950-8000 levels..If 8670 around zone holds expect a good pre budget rally post the DELHI  election results..towards the recent highs or higher towards 9250-9500 zone..Trade accordingly..cheers

WEEK 2 ND TO 5TH FEB

Markets made new highs to do  the target of 9000 and above ..Markets have to retest the recent highs of 8668  nf that it had crossed ..so failure to make new highs and constant breaking of new lows will result in retest of highs..do  book  your longs and wait for good corrections ,to reinvest in your select stocks..till then trade both sides as markets will get volatile in coming weeks..cheers

WEEK 27 TH TO 3 TH JAN

Markets behaved in the projected manner..after crossing the important threshold it crossed the 8600 levels decesively to make the journey TOWARDS THE LEVELS OF 8900(NF) as had been projected a few weeks back and last week too..The crossing of the MACD zero line was a cue for the impeding top..9200 and above remain the near term targets of this run up..Important levels  are at 8670 /8700in coming days..trade accordingly as its a truncated settlement week and booking must be done of holdings..cheers

WEEK 19TH TO 23 JAN

First of all wishing all visitors to this blog  a very happy new year..

So what has the markets been doing in the last 6 odd week ...We had touched a peak somewhere in NOV end which we could not cross for the levels of projections of 8900-9200 range..and we corrected ..a long grilling wind down..We have made 3 tops again after that till last week... but the high of NOV end is still not passed..So what next...MACD daily is projecting a wave up as its crossing the zero line...so a new high in coming weeks is very possible..We have crossed a important point of 8525(NF)..A next cross of 8595 and if market stays above that we will be hitting a new high..8380 and then.8220-8250 is the new support for this markets in correction below which 7950-8000 can be tested again..8500 is your near term SL..enjoy the trade cheers