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