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..
Saturday, April 30, 2016
Saturday, April 23, 2016
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.
Sunday, April 17, 2016
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
Monday, April 4, 2016
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.
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