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