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