WEEK 26TH TO 30TH SEPT

Markets sunk once again due to global cues..World is in a financial turmoil & indian leaders are also not able to do things right..Choas and Mayhem continues..Trading for coming time is for technical savvy and nimble traders till calmer times come..otherwise select stocks in down days can be picked as investment for future..4950 is S/R for the coming Week..with a range of 4700-5100, +/- 150 points in sudden moves..
for the coming time of volitality
Dont just sit like a diety in numbness if your trade has gone wrong ..GET OUT and cut ur loss quickly..
enjoy ur trades cheers

WEEK 19TH SEPT 23RD SEPT.

Global cues drove our markets last week along with RBI etc in India..the market is ranging btw 4900-5200 & a break either way will give a quick fire 150--250 points either way..5050 is the S/R for the coming week with a range of 4950-5230 ..There are still no great cues for markets to surge forward and next weeks US QE 3 decesion may be the last of the info for global markets , otherwise the range trading will persist till range breakout does not take place..Trade the range..
cheers

WEEK 12TH TO 16TH SEPT.

Markets moved well over the week and did its target of 5175-85 zone..it failed to cross the 5225 zone which was keenly watched and expected by many..The sudden jerk on the weekend was expected as profit taking is must in a upmove..4980-5000 zone should hold in the coming days failing which we may be heading to retest the lows or drift lower on global cues..4880-5220 could be the range in coming days..do keep strict SL's . for any longs initiated in the fall ahead..enjoy your trades ..
cheers

WEEK 5th SEPT TO 9TH SEPT.

Markets gave the smart recovery from the very oversold conditions moment it opened above 4820 mark of S/R of last week..Global cues are still not good and we almost touched our targets of 5100 around zone..4980 is the S/R of the coming week with a range of minimum 4870-5150..+/- 100 points..Breach of recent lows will lead to further damage of sentiments for a capitulation like situation..wait watch and keep booking your profits for the coming few weeks ..trade light..
cheers..

WEEK 29TH AUG TO 2ND SEPTEMBER

Markets finally showed their hand and capitulated towards 4700 the support zone for the time being..somewhere in the 100-200 points markets should make base, if its already not done so ,and then start the process of consolidation for a peroid of time..ie go sideways for sometime in a range to forge ahead sometime later in the year..4820 could be the S/R of the coming week with a range of 4650-4900 or 100 points over below that..Do some medium term buying in your favorite stocks and hold..traders be nimble and fast..enjoy the trades..
cheers..
No QE 3 for now and end of Anna jis fast could be positive for us..lets hope Govt. gets down to the serious business of governance which reposes faith in the FII's to come back and invest in INDIA..

WEEK 22ND AUG TO 26TH AUG

Markets moved towards the lower end of the band in this phase of correction..47-4800 is a base from where a short term bounce is expected to ease the oversold position..4930 is the S/R for the coming week with a range of 4650-5050 ..Do pick some of your select stocks for medium terms..Long term investers can keep picking in dips as the levels slowly are becoming attractive..Happy Janamashtmi & Trading
cheers

WEEK 16TH AUG TO 19TH AUG

Markets are completing their correction / consolidation ..US europe Asia has seen some bounce ..5100 seems to be the threshold level for us below which we may retest the bottom at 4950 or cross may take us to 5220 range..break either levels will give a quick move of 100-150 points..Some adding in portfolio for medium term is desired here ..more added on dips..rest to be traded..lets see where the range settles..enjoy your trades..
cheers.

WEEK 8TH AUGUST TO 12 AUGUST

Hope my views last week would have helped all who are visiting the blog...Had suggested being very light and play the direction as technical indicators were giving contra moves ..Well markets shrugged off all the gains and now is moving towards the serious business of evaluation and business ahead..Things still are not looking good due to US downgrade.. 4700-4800 zone which has not been tested for sometime , is still waiting..Break of that zone will mean LONG TERM bulls will liquidate.....Watch the events unfold next week closely..Falling and Rising markets have no levels..5000-5050 and 5330-50 is a watch zone in coming times..Easy money will fly the nest as it is scared..Trade light or stay away if you are weak heart or nibble lightly in your favorite stocks if we tumble down..enjoy your trades..
cheers.

WEEKLY 1ST AUGUST TO 5TH AUGUST

Markets are awaiting the news from US to make the next move..The indian & european news are already taken care off..there is nothing much to cheer the markets otherwise what with higher interest rates and bad governance & political problems here..Monthly S/R stands at 5570 with a range of 250-300 points.. The coming week too seems to have a S/R of 5550 with a 200 point range either way..Markets are doing their time corrections in a sidways range bound way and maybe the next move will be decesive for coming time..Be very light in the coming week/weeks and play the direction..enjoy the trades..
cheers

WEEK 25THJULY TO 29TH JULY

Markets gave a breakout again last week over 5600. 5600-5610 is the S/R for the coming week with a range of 5550-5750..Breakout/in can give a quick 100-150 points..This week is laden with news and heavy weight results so trade light ,in direction carefully..World cues could guide our markets too so keep an eye there..enjoy your trades..
cheers

WEEK18TH JULY TO 22ND JULY

Markets dipped to around 5500 as mentioned last week here by me to take support and start consolidation again..Breach of 5500 in close will dip markets by 150-200 points quickly..5590 seems to be the S/R for the coming week .Buy in dips should be remembered and action taken accordingly..Global situation is not good & indian fundamentals too are taking a beating..Keep your eyes open while trading so as not to be caught sleeping..5350-5850 is the range for the coming weeks..trade accordingly..cheers

WEEK 11TH TO 15TH JULY

Great move market made from the lows with help from FII flows & world indexes and then at the crucial junture of 200 SMA gave the classic jerk before the results .. its always healthy for the markets to do profit taking ..5680 is the S/R for the next week...with a range of 5550-5750..Consolidation and holding 5500-5480 will be the key for any move to take out the 200 sma in the coming time..Only cross and close above that zone for a few days will augur well for the indian markets failing which we may retest the lows again sometime in the coming weeks..enjoy the ride and keep booking your profits..
cheers & happy trading.

WEEK4TH JULY TO 8TH JULY

Markets rallied from the low of 5200 to 5700 in quick time..Hope ppl. booked the buy the dip stocks..Markets normally give the classic jerk at the peak of bloom & doom..Coming to the next week markets need to cool a bit ..5500 emerges as S/R for the july month and 5600 as S/R for the coming week.The range could be 5500-5800 in the coming week.. keep the buy in dip policy to protect your capital....The weekly charts look up now and 5750 is a crucial resistance and 5480 a crucial support for coming time.. trade accordingly..cheers

WEEK 27TH TO 1ST JULY

Markets gave JERK when we were weak & then reversed all losses on last trading day of the week..5400 could be the S/R of the coming week ,with a range 5300-5600..Global cues will define the trend in the coming days , Greece/Europe/crude etc etc and then maybe we take cues from our results in the coming weeks..stocks bought in dips should be booked on sudden rises would have payed again to the traders..medium term investors and hold on to their investments and KEEP FUNDS ready for very sudden dips..enjoy your trades ..cheers

WEEK 20TH TO 24TH JUNE

Markets have drifted down in the last week mainly due to global cues and no good news..Its been a very sideways kind of market this month & frustrating for investors traders alike with sudden drop/rise..( a small break /vacation can be a good thing for some weeks till results come in)..Markets may still drift lower to retest the recent lows or more lower, in case we do not sustain above 5300 levels..5420 seems to be the S/R for the coming week with a trading range of 5250-5450 ..Some select stocks which have corrected well can be taken for medium term in small qty..Spread your buying over next 2-3 months and then sit tight for while for some decent returns in coming years..cheers..