WEEK 9TH TO 13TH JAN

Markets all over moved positive in the new year..Our markets are in a resisitance zone of 4750-4780 cross of which can propel us towards 4880-4900 zone for the coming week..below 4700 zone we can drift towards the gap zone of 4600 again..Time wise its important we cross 4800 zone and close above it for a few days failing which the markets may end up in the usual JANUARY correction..4730 is the S/R to bewatched next week with a range of 4850-4630..
enjoy your trades ..cheers

HAPPY NEW YEAR

Would like to wish all the friends visiting this blog a very happy prosperous new year..
The year gone by has been very tough as generally world over ppl play bulls and bears play is left to professionals..The financial crisis gives very jerky volatile movements and even the diehard who are in long term investments get shattered in averaging ..for the weak hearted traders its a never ending bad dream...
So what is 2012 holding for us..well technically rupee is depriciated by 20% so prices of shares /value of index is app. at around 4000...logically/historically at such rupee values say 54-56 ..smart money should move in some time..keep an eye on FII cash buying.. we are already correcting for 14 months now from 2010 Diwali high...whenever they buyheavy ..time you move in for long term..43-4400 could be a support below the recent lows ..below which then markets can spiral any where...once we cross 5150 on the index we will head towards 5400-5750 zone ...Euro zone news will propel/drop markets in coming weeks/months..also our own India centric financials should also turn for faith to be reposewd in india story..
for next week watch 4680 zone as S/R with a range of 150-200 points..enjoy the year
cheers.

WEEK 26TH DEC TO 30 DEC

Markets gave us the move up from the oversold zone..toward the 4800-30 zone but failed to capitalise fully the golbal moves..India story looks weak right now and markets may remain range bound between 4650-4830 till a breakout/in does not take place for a 150-300 points either way..till then trade the range with strict sl. ...cheers and wishing all a very happy prosperous new year..

WEEK 19TH DEC TO 23RD DEC

Markets slipped suddenly after not receiving the boost from RBI ..This was the last event for this year in India so market will move in the next 2 weeks maybe on global cues and indian punters as Festive weeks come ahead till after New Years..Rely on Technicals ..4730 seems to be the S/R for the week ahead..Watch 4620 for any breakdown till 4500-50 levels ...4840-50 will be resistance for times to come ,only over which a rally can take place and give comfort to the bulls..enjoy your trades and the festive season..cheers

WEEK 12TH DEC TO 16TH DEC

Markets cooled off as expected and touched the bottom ie 4850 of the range which was suggested last week.Markets will consolidate in case it has to move ahead..Not clearing 5220 last week shows the inherrent weakness still in the market..Despite golbal markets quickly recovering their losses indian markets by and large always slip till we react to very oversold positions with quick reversal rallies..Do try to preserve your capital in this volatality by trading in small quantities if you are not a technical trader..otherwise buy in dips should be the key till the markets done turn bullish.4950 is the S/R of the coming week with a range of 4650-5250..enjoy your trades..cheers

WEEK 5TH TO 9TH DEC

Markets mostly moves on TECHNICALS , not on NOISE , got proved last week.. My call last week MONEY MAKING IS BECOMING TOO EASY in SELLING /BABY BEARS WILL BE TRAPPED SOON , does prove the point..we managed rich dividents by posting most of our profits on friday of the buy in panic bottoms done 1week back and carrying the rest with a strict SL for the coming week..4980 looks to be the S/R for the coming week with a range of 4850- 5250 ..Keep booking your profits as we go along & buy in dips when we get them..enjoy your trades ..cheers

MONTHLY CHART

CLICK ABOVE IMAGE TO ENLARGE
The above monthly charts shows the downward sloping channel and its support for the markets..The GANN FAN shows the the resisitance support when we took the complete ride from 2500 to 6300 and the market today..Check the range displayed 4300-5500 app..and trade accordingly..hope this helps in decision taking by ppl. visiting this blog..cheers

28th NOV to 2nd DEC

Markets slipped in the settlement week below the previous low after breaking 4770-4800 support zone. Global cues notwithstanding our own Indian cues are also not supportive right now..Deep despair is the time to selectively get in the markets for medium to longterm in SIP MANNER..Good quality index stocks are available at good discounts and should be invested in as per your risk appetite and holding capacity. SELLING & making money is becoming too easy for traders these days and this is telling us that a bottom may be near somewhere around or below these levels..and a sudden reversal to catch /trap the BABY BEARS could just be round the corner in the next few weeks..4750 looks to be the S/R for the coming week with a range of 4500 -5000 ..above below these levels will be the breakout/in in coming weeks..enjoy your trades..cheers..

WEEK 21ST NOV TO 25TH NOV

Markets after breaking the S/R of the month at 5158 trailed down towards the 78% correction of the recent wave up..4800-50 should provide the support, failing which it may dip down much more on break of the recent lows..5000 is the S/R for the coming week with a range of minimum 4750 to 5150. Being a settlement week the volitality can be high..Buy your select stocks which you wanted to buy in a SIP manner..enjoy your trades
cheers

WEEK 14TH TO 18TH NOV

Markets gave the classic jerk after hesitating to scale new highs..150 points app. was mentioned as the range and we got the same after break of 5300..Looking ahead 5250 seems the S/R for the coming week with a range of 150 points again..Markets are volatile so keep booking your profitable positions whenever you buy the dips..next few weeks till early january will be volatile and the markets can tilt either way..Key long term stocks can be accumulated when you find the right price and the will to invest. enjoy your trades
cheers.

WEEK 7TH TO 11TH NOV (TRUNCATED)

Markets showed the resiliance despite profit taking /bad european cues, closed above 5300 for the long weekend. The week ahead is truncated with 3 days trading so trade light and in the direction. 5300 is the S/R for the coming week with a range of 150 points minimum either way..Keep booking your profits as we head towards 5400 and wait for good dips to get in..enjoy the holidays
cheers..

31ST OCT TO 4TH NOV

Markets rejoiced the EU dececion by opening on a huge gap up..5200 zone got crossed and the gap of 5330-5220 got covered and a island reversal took place after many weeks of staying below 5180..The path ahead seems BUY ON DIPS...In case 5230 is held then we should surge ahead once we cross 5530 decesively in close..Below 5200 markets will tend to be weak..5290 is the S/R of the week with a range of 5200-5500..Do book profits in the stocks bought lower and wait for a good dip to get in..enjoy your trading..cheers

WEEK 24TH TO 28TH OCT.

Being a truncated & festive week the ppl. should be busy enjoying the festival of lights after settlement tomorrow..Europe will decide the future of the market trend this week when we are enjoying the festival so after mahurat trading the friday opening will tell us abt. the breakout/breakdown..5100 is the S/R of the coming week with a range 5230-4930 beyond lows/highs of last week..This is one opportunity for market to cross 5200 and breakout..cheers
HAPPY DIWALI

WEEK 17TH TO 21ST OCT

Markets expanded on global cues to surge ahead to retest recent highs made.Many missed the buy on dip..as conditions were not comforting..Well thats what stock markets are all about..sudden reversals catching masses on the wrong foot..We will head again to the resistance of 5180-5220 zone cross & close of which will signal bear covering..5060 is the S/R zone with a range of 4900-5200,+/-150 quick points ..Keep booking your profits for stocks bought at lows..The next 2-3 weeks are crucial for short term trends to unfold..enjoy your trades .
cheers

10th TO 14th OCT

Markets have been range bound for some time now with a downward bias..Global cues are still shaky & a classic capitulation has still not taken place world over..We have been correcting now for 11 months.. Breach of 4700 and close below it will be the first signal of the final plunge in the coming weeks/months..So trade with care.specially in FNO positions...4860 is the S/R for the coming week with a range of 4650-5050..Nip into stocks you like on dips..enjoy the trades..cheers