Markets again closed near the lows around 10040 in last week trading.. 9960 is a significant low made previously from where a bounce can be expected in case it is not breached..breach may take us to levels of 9600 or in case of panic blood bath towards 9100 levels...Buy strong stocks which have not collapsed and on first sign of weakness trade them..10300-10400 zone is a strong resistance zone above 10100 ..enjoy the trades and the festive season..cheers..
power house for nifty technicals and stock market fundamentals with charts and technicals.
Saturday, October 27, 2018
Saturday, October 20, 2018
WEEK 22ND TO 26TH OCT
Markets moved in range 10600-10800 to fall back towards the lows made recently in a sudden jerk from the top..10100 below if the market goes then a further breakdown starts for 9600 around levels can be achieved..a stop around 10200 would try to retest and move above the recent top made towards 10800/11000 levels.trade accordingly as the markets are in a correction mode after multi months rise.....cheers.
Saturday, October 13, 2018
WEEK 15 th TO 19 th OCT
Markets dipped to around 10200 zone to stall for a day or so and then a sharp rebound on friday..10600-800 could be a target after which maybe a retest of the bottoms made..keep booking your trading profits and hold on to some dips you bough for long term whose prices were attractive in this fall..enjoy the festivals..cheers
Saturday, October 6, 2018
WEEK 8 TO 12 OCT
Markets rose a bit to fall through the 10500-600 barrier in the last week towards 10,200-300 zone..Markets may stall here for some rebound after a few days of consolidation..The cuts have been deep sudden as bears dont have to climb any hill..and the rebound also can be sudden.10600 to 10800 could be the resistance zone above which is 11000....do dip in small quantities in your favorite stocks which are strong and have not corrected much here ,and keep booking trading profits when available..enjoy the trades cheers..
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