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