WEEK 2ND TO 6TH JAN. 2017

Wishing all visitors to the blog a very happy prosperous 2017. After a break of 4 weeks as i was travelling abroad a look ahead at our markets.
Markets dipped to break the low made at 7950 to bounce back again..A tentetive target of this rise will be around 8300-8350 above 8200. A retest of 8050-8100 is possible before more moves up.7950-8000 levels has to be held failure of which may lead the markets towards 7600 or below.cross of 8300 takes market to the levels of 8550-8600 zone.
quterly results may lead to volatality which should settle towards the month end for presentation of the budget. enjoy the trades and keep booking profits.cheers

WEEK 28 NOV TO 2 ND DEC.

Markets held its low 7916 ( NS) last week to move towards 8100 zone.resistence now is around 8150-8200 zone and supports at 8050 and 7950 below that.it will be a range bound market for some time so buy the dips and keep booking profits..long term buys should be done in your stocks in a SIP basisi..enjoy your trades..cheers

WEEK 21 ST TO 25 NOV.

Markets slumped to retest the panic  bottom made before at 8002 levels..small short coverings is followed by new round of selling as we keep making lower lows..reversal can come if we start making higher highs...do keep nipping into your favorite stocks on a SIP basis as when the trend reverses ,the ride up could be rewarding..Breach of lows followed by 2-3 days of stay below it could take this market deeper down for a full correction of the ride..8200 on nthe upside and 7800 on lower side in case 8000 is broken is to be watched for your trading purposes..enjoy the trades cheers..

WEEK 15TH TO 18 TH NOV

Markets tried to complete the correction of the upside done from 6800-9000 zone app.44 days of correction done ..A retest of the bottoms made at 8000 is under way.. so 2 possibilities either it will make a lower low to continue the trend or maybe make a higher low in range 8100-8300 to try to cross 8600 top(NS). The consolidation /correction is on..which on that panic bottom day gave opportunity to dig in some good stocks for trading and mid/long term investment..Keep booking profits and hold some for bigger gains ..enjoy your trades cheers

week 1st to 4 th nov.

Markets moved in the range 8500-8750 app. making a higher low at 8550. The range has to break for a quick 150-200 points otherwise we may have a constricted range this week.. Buy the dips and keep booking profits on rise. ..cheers

WEEK 24 OCT TO 28 OCT

Markets breached the 8550 zone to quickly reverse from the lows to cross this zone and move towards 8650-8750 zone.8500-8800 could be a trade zone ,cross of either side propels markets by 150-200 points quickly. Being the settlement week before diwali some amount of volatility can be expected ..trade accordingly and wait for good dips to get in for trading positions in your favorite stocks..cheers

WEEK 17TH TO 21 OCT

Markets held on to the 8550 around zone to try a small recovery.If we cross and stay over 8664(NS), we can head to wards targets of 8750-8800-8850. Breach of 8550 will give a sharp fall towards 8400-8350. A rise from 6800 zone to 9000 zone took about 125 days..and from 7900 zone to the top about 50 days..correction from there is around 24 days as yet..time wise and price wise it needs more time to consolidate it gains so keep trading and some monies for great value picking for the next run at the right time..enjoy your trades cheers.

WEEK 10 TO 14 OCT

Markets moved towards the lower end of the range and broke the 8750-8700 zone to recover around that zone. Truncated week with holidays wont give much away . below 8750 possibility of 150-200 points fall always remain and above it we head back towards 8900-8950 zone.Cues are lacking and markets correcting well in sideways mode into a time wise correction of this vertical rise....Caution is reqd. here a bit as break below 8550 takes us deep to 8150-8250 zone. keep trading and wait for good dips to get in.. enjoy your trades ..cheers

WEEK 26TH TO 30 SEPT

Markets still in range 8750-8900.. breakout /in will move markets quickly 150-200 points.wait for good dips to get in again , meanwhile keep booking your trading positions. As index is not doing much stock specific moves are coming so keep watch on then to buy at your levels..enjoy the trades cheers.

WEEK 19TH SEPT TO 23 RD SEPT.

Markets again corrected  after making a top around 9000 (NF) to head towards  levels of 8700 around. Supports lie at 8550-8600 and resistance at 8850-9000 in the coming days . Trade accordingly. cheers

WEEK 12 TH TO 16 SEPT

Markets moved quickly up from 8850 zone towards the 9000 zone where  the reaction came of profit booking.8750-8800 is a support zone below which we may head towards 8600 zone..Market when it crosses a high quickly moves 100-150 points so trade the lows to get in and take profit near or if cross the highs..enjoy your trades cheers.

WEEK 6TH SEPT TO 9 TH SEPT.

Markets moved well in  the range given last week to cross the high towards 8850 zone..what next???8700 is a good support now over 8500-8550 zone and cross of 8850 for a few days will propel markets towards the targets of 9000-9100 zone. profits should be booked  at these highs in your trading positions and a wait done for good dips to get in again..sudden dips can not be ruled out.cheers

WEEK 29TH AUG TO 2ND SEPT.

Markets have been in a range between 8500-8700 for the past few weeks.No serious correction has come of the rise from even 7900 zone what to speak of 6800 zone.Resistance zone seems to be in range 8730 to 8850 , cross of which only the markets can make new highs by year end.. support lies at 8250-8350 zone below which 7900 can be tested. Till then watch the breach of the ranges and buy good dips and keep taking profits..enjoy your trades cheers.

WEEK 18 TH TO 22 ND JULY.

Markets moved quickly last week to cross recent highs to cross 8600(NF) as projected in the last post and over many posts. A strong resistance zone of 8650-8700 is emerging which if crossed may propel markets quickly over 9000 or 9200(NF) the highs made before..Failure to cross 8700 ,will make markets retest 8200-8300 zone ..wait for good dip[s to get in and keep booking your profits..cheers

11th TO 15 TH july

Markets broke the 7950 zone as expected on BREXIT day to recover and cross the recent highs made..8664 is the target of the next high to close over and after consolidation markets can head there..8300-8250 is a good support now for the next leg up..GST in this moonson session with be the next trigger for a big move up or down..buy the good dips and keep booking profits enjoy your trades cheers.

TRAVELLING ABROAD

I will restart posting the weekly analysis  from the weekend of 9/10 July as will be travelling abroad fornext  2 weeks..till then buy the dips and enjoy your trades cheers..

WEEK 20 TO 24 TH JUNE

Markets moving in a range now of 8300-8050 ..for the time being for a brerakout/breakin of maybe 200-250 quick points in the near future..distribution could be a possibility here in this range or a consolidation for the next move up..buy the good dips and keep posting profits..cheers

WEEK 6TH TO 10 TH JUNE

Markets have slowly moved up towards the 8300-8350 zone..the the lower high made below 8650 (NS) zone somewhere in october of last year..7950-8000 remains a support zone in any sudden fall and cross of 8350 and stay over it for a few days will propel markets towards 8600-8700 zone..breach of 7950 can take us for a retest of 7700-7550 zones ..keep buying good dips and booking your profits..enjoy your trades cheers

WEEK 30 TH MAY TO 3RD JUNE

Markets held the 7700 (NF) levels to move up to cross 7820 towards 7950 zone..cross propelled it towards the 8100 zone which also got taken out to wards the 8200-8250 zone now..strong support lies now in 7950-8000 zone for any move upwards towards 8350 and above. do book your trading profits and some of your positional stocks bought in feb/mar.. enjoy the trades cheers

WEEK 23RD TO 27 TH MAY

Markets still in 7700-7950 ( NF) range..break of range will give a quick dip of 100-150 points and cross of 7800-7820 will propel markets back to 7900-7950 zone..breakout will give a quick 100-150 points above this. Do buy the dips and keep booking your trading positions..cheers

WEEK 16 May to 20 May

arkets are in a range of 7700-7950..A breakoutor  breakdown should be 150-250 points above below this range..Failure to move above 8000 (NF) and stay over it for a few days , could lead to a deeper correction in the coming weeks. cross over 8250-8300 could take us to 8600 and above..Enjoy your trades and keep booking your profits after you buy the good dips....cheers

WEEK 9TH MAY TO 13 TH MAY

Markets broke the range of 7800-8000 to move a bit lower below 7700-7670(NF)..A breach below thyis propels us towards the 7550 zone ..and cross and stay above 7800-7820 will take us to test and cross the recent highs made..Trade accordingly and buy the dips for your favorite stocks..cheers

WEEK 2ND MAY TO 6TH MAY

Markets remained in the range of 200 points still 7800-8000..The month of may starts on a positive note..targets of 8100-8150 still remain over 8010-20 (NF).. Below 7780-7800 a serious correction can trigger towards 7550-7600 zone.. Tkae your picks on deep dips ..otherwise use your trading skills with smaller quantities...enjoy the trades cheers..

WEEK 25 TH TO 29 TH APRIL

Markets slowly crept towards the 8000 (NF) ..what next???? this is a good resistance zone which if cleared will move the markets towards 8350-8500 zones in quick time.A dip is possible here due to volatality of the settlement week..below 7850 a sharp dip to 7600-7650 is possible , otherwise a reversal from 7800-7850 can be expected as bulls are still unrelenting. Buy the dips and keep taking profits ..enjoy the trades cheers.

WEEK 18TH TO 23 RD APRIL.

Markets after a small dip resumed its upward journey towards 7950-8000 (NF) zone..It is now touching the downward weekly channel from the top of 9191 made in MAR 2015.Daily RSI is showing divergence so caution should be observed..book your profitable positions and wait for sharper deeper dips to buy7500 now holds a strong support above 7250 zone..cheers

WEEK 4TH TO 8 TH APRIL

Markets had reached the 7750-7800 zone and are stuck there now for some time ..what next..strong supports lie now at 7250 zone below 7580-7600 zone..cross of 7800 zone will propel markets towards 8050-8150 zone.. Buy in good dips should be our policy and profitable positions should be booked ..trade accordingly cheers.

WEEK 14TH TO 18 TH MAR

Markets have been trying to cross and stay over 7550 (NF) zone in the last week. 7400-7450 was the support and once we cross the threshold we will head towards 7750-7800 zone..below 7400 the dip will be quick towards the breakout zone of 7250-7300.. trade the zones accordingly and keep booking your trading profits but wait for good deeper dips for investments entries in your select stocks..cheers

WEEK 8TH TO 11 MAR

Markets crossed 7350 easily to move towards the next target of 7500-7550..Markets have been rising fast furious in the last few days and the dips been very low, catching the weak bears ..A dip will be there in the coming days  for profit booking before it resumes the up move..In this long slide the markets the markets have been making lower highs and lows and for the first time we made a higher high..the higher low has to be made  for the markets to declare a respite for this  fall..7250-7350 is a good support zone and over 7550 we may  head for 7750-7800...do book your profitable trading positions and keep buying quality stocks which are available at attractive prices. cheers

WEEK 29 FEB TO 4 TH MAR

Markets could not stay above 7250 and dipped to test the lows once again.We have the budget next week and depending on the news there a test of 7350 in case we cross 7200 and stay over that or break of 6850 ( NF ) in case if disappointments..wait and hold for a day to know the direction of the markets before taking your investments or trading bets ..enjoy the trades cheers.

WEEK 22 ND TO 26 FEB

Markets enter the settlement week now with 7200-7230(NF) offering resistance..cross will take it towards 7330-7350 zone , break of 7100 takes it to 7000 zone or below.Markets are not getting much clues and may be range bound till the budget this month end for any defenite move in march. technical traders should utilise this opportunity to trade the overbought /oversold trading zones in the range bound markets..enjoy the trades cheers

WEEK 15TH TO 19TH FEB

Markets broke all supports last week to plunge down to pre 16th may levels.Global and local cues triggered the move.Its said the bull markets have no resistance and bear markets no supports. 6869.75  level  was a top from where  we dipped in may '14 to start the rally towards 16th may top of 7563.. as markets are over sold a rise towards 7550 levels in the next few weeks is possible and then a retest of bottom or below..short term 7150 -7200 will be resistance to cross. your select stock buying should have begun with the panic of the last week to be held for a year or two for long term gains. be nimble in your trading and do start your stock selections in SIP manner over the next few weeks etc..enjoy the trades cheers

WEEK 8TH TO 12 FEB

Markets broke the 7450 support to retest the bottoms @ 7233..Halted at 7377 (NF) to turn around towards the tops made recently at 7607.Asian markets closed next week few days for CHINESE NEW YEAR  , thus not giving much clues.cross of recent highs takes us all the way to 7750-7800 and break of 7400-7380 to a new low..trade accordingly cheers

WEEK 1ST FEB TO 5 TH FEB

Markets slowly crept up from the lows it made at 7233 to move towards the  1st target of 7580-7600 after which the in case it stays over this zone for a few days the target is in zone 7700-30(NF).7800 zone will offer stiff resistance and 7480-7500 zone some good support. profits should be taken of your SIP investments trading stocks and trading positions should carry strict stop losses. enjoy the trades cheers.

WEEK 25 JAN TO 29 TH JAN

Markets did halt this week to bounce  up a bit from their oversold positions..Time will tell if over the next week or two we do not break the Low made at 7241(NS). Below 7350 , 7000-7150 now offers a good support and 7500-7550 will offer some resistance.cross of this level can propel us towards and  7650 levels and above  . Trade accordingly and keep booking your trading positions..cheers

WEEK 18TH TO 22TH JAN

Markets still running in the downward slide with every rise being sold in with a volatile markets here and globally.It did attempt a higher high/low in the intraday charts but that failed on the last trading day again.Markets are giving good opportunity to buy your select index stocks at great buy levels. Levels to watch below are 7350-80 below which 7150 may be a good support..any run up now has to cross sustain over 7650 for a few days for markets to move towards 7850 around. Trade this zone till a semblence comes to the markets..cheers

WEEK 11 TH TO 15 JAN

Markets broke the low of 7700-7750 to head lower towards the recent lows made.It just managed to stay over the low by a whisker this week. SGX nifty in morning is showing a breakdown till 7500 or below for start of this week. we are oversold , dip into your favorite stocks in these dips for a bounce back towards 7800-7850 range..7450-80 should be a good support zone below which we head towards 7250 zone..cheers

WEEK 4TH TO 8TH JAN

Markets have moved up slowly towards the last high 8005(NF) , making a high of 7994 yesterday.a close above 8020  for a few days can easily propel markets towards the 8120-8260 zone in steps. a drop below 7950 zone can take us to 7850 and 7760 zones app. negative divergences have appeared in some indicators warning us to keep strict stop losses. do book your profitable positions as we go up and wait for good dips to get back in.cheers