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
power house for nifty technicals and stock market fundamentals with charts and technicals.
Monday, November 28, 2016
Sunday, November 20, 2016
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..
Monday, November 14, 2016
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
Tuesday, November 1, 2016
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
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