Sunday, October 23, 2016

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

Sunday, October 16, 2016

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.

Wednesday, October 12, 2016

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