WEEK 30TH APL TO 4TH MAY

Markets remained sideways consolidating with sudden dips..5135 ns in close is still being maintained..Weakness below this level..5250 ns levels is emerging as a possible resistance zone with close above this helping the bulls..5275 nf seems to be the S/R of the coming truncated week with the range of 5150-5350..Global markets are showing strenght and may be heading up for the last hurrah before some correction sets in there..Trade the dips well to be on the right side of the trade ..cheers

PS :will try to post some charts during the week

WEEK 23RD TO 27TH APRIL

Markets are having a sell deluge every friday which causes sudden dip and panic...no reason so far assigned by anyone on the sudden intraday dips..5300 seems to be the S/R area for the coming week with a range of 5150-5450 ...Being the settlement week volatality will be there thus moves could be large and sudden..trying buying intraday dips and sell the intraday highs ..Markets have been in a range for a while and this has to break sometime..5230-40  on the lower side and 5380-5400 on the higher side will be the key towards breakdn/breakout for the coming week..enjoy your trades ..cheers

WEEK 16th APRIL TO 20th APRIL

Markets remained range bound last week to close at the lower end of this range of 5200-5400..5250 should be S/R of the coming week with a range of minimum 150 points either way..Buy the dips as per your risk appetite of your favorite stocks for medium term. Traders should watch 200 SMA closely for trades..RBI policy on tuesday could be decesive for the market moves..enjoy your trades cheers..

WEEK 9TH TO 13TH APRIL

Thw long weekend provided all traders a smart holiday much deserved..As last week was small trading range , the range of 77 points could easily be broken this week on either side..As the world is correcting so will we..5360 seems to be the S/R of the week with a range of minimum 100 points..5180-5200 should again give support in case corrections goes a bit deeper..Trade accordingly & buy some select stocks for medium term in this correction..cheers

WEEK 2ND APRIL TO 4TH APRIL

Week ahead is truncated as there are 3 days trading only..Markets reversed from the support zone of 5100 to close higher for the monthly/qutaerly closing...The next month range should be minimum 5700-4900 with weekly S/R at 5250. 5400 should be a resistance and 5200 a decent support ..Trade accordingly and enjoy the long weekend next week ..cheers

26TH MAR TO 30 TH MARCH

Markets did nothing but trailing down towards the support zone of 5180-5200..Trade through out the week was volatile with jerks which probably would have been handled well by technical traders who can trade range bound markets well..The trend has been consolidating BTW 5200-5400..Break of the range would give a quick 150-200 points ..5300 is the S/R zone of the coming week with a range of 5100-5500 ..As this is the settlement week trade in the direction with strict SL's..enjoy your trades..cheers

WEEK 19TH TO 23RD MAR

Markets retested the tops to absorb the events of the last week and then made its way down . 5250-5280 is support zone for this ride down ..breach and close below this zone will spell weakness for the short term and markets can dip into deeper levels ,so be cautious below 5250 till 5100. Above 5400 which is the S/R level of the coming week we can head all the way up to 5600..enjoy your trades
cheers.
PS: all levels i give here are of nifty future.

WEEK 12th mar to 16th mar

Markets spend the time consolidating at the 1st major support to give a bounce before the major event of budget unfolds..Events will overtake the current week with swings either side..Medium term investments should be held while small trading lots should be traded. 5350 seems to be the S/R for the week with a range of 5420-5290..and (outer range) 5550-5150..The bias is positive so trade accordingly with strict stop losses..enjoy your trades ..cheers

WEEK MAR 5TH TO 9TH

Markets are still in consolidation mode , events like election results /budget /RBI policy are in the horizon..a 200 point range over/ below 5420 remains in the coming days /week..any dip or rise above these levels will show the market trend in short term..Wait for dips to get in with your favorite stocks for medium term..enjoy your trades cheers.

WEEK 27TH FEB TO2ND MAR

Markets gave the classic jerk (sharp one) last week..The last major swing we crossed was at 5400 (NF)..supports lie there below which we can keep trailing all the way to 5200 or lower..5526 seems to be the S/R for the coming week with a range of 5600 to 5400 as a trading possibilities..The correction is not over as yet ,so be a trader and also use opportunities of ride back for liquidating long positions if still not liquidated..cheers

WEEK 21ST TO 24TH FEB

The coming week is a truncated and a settlement week. Markets are at a top with regular gap ups & profit taking w/o any significant dips for reentry..555o will be a key area for the coming week with a minimum range of 150 points +/- 100 points..Do book profits in your positions if already not done , trade in smaller quantities in the direction of the market with very strict stop losses for the next 8-10 days..The dip will come and it will be sharp -quick..Buy then ..enjoy the trades till then.. cheers

WEEK 13TH TO 17TH FEB

Markets are range bound at the peak of this multi week ride w/o giving a significant correction..Wise traders would have booked out waiting for good dips to get in again..There is leg room on the upside till 5760 but markets should give a healthy correction for the next leg up..5400 will be key level in the coming week with a range of 5250-5550.. trade accordingly..
PS : hope the charts postedlast week helped visitors to the blog..cheers

WEEK 6TH FEB TO 10TH FEB

(CLICK TO ENLARGE)

The charts loaded above are self explanatory. In the 1st chart ie monthly channel , we have just breached the multi month (14)down ward channel right now..any correction from here on will take us back into the channel..5200-4200 are the channel range in the downward channels and cross can take us upto 5800..the channel above is 5800-6500.This should be the coming months trading stratergy.

The 2nd chart ie daily is indicating that we have broken the channel top of 5300 and are heading towards the top ie5500-5550..below 5300 the markets can give a quick correction to 5200-5050...only below 5050 is the bull story in pain..

Plan your trades in the coming days/weeks/month as per the levels charts given above..Hope this helps all vistors to this blog.

cheers

WEEK 30TH JAN TO 3RD FEB

Markets are generally unrelenting when in trends either bullish or bearish...hope ppl. enjoyed the ride up..This month is ending on a good positive note..we have reached the upper end of the channel and 5160 should be the S/R fore the coming week with a range of 4950-5350 ..Traders should wait for good dips now to get in so as not to be trapped at high levels..tech savvy traders can keep trading the trend with strict 20- 30 points sl on the nifty..trends generally are set by insistant FII flows and when this drops the sheer heights give decent correction for 2-3 days..Do book and keep trading..cheers

WEEK 23RD TO 27TH JAN

Markets have given a spectacular move from the lows..this being the settlement and a truncated week ..trade light /book profits and buy on dips...4980 is the S/R for the coming week with a range of 4900-5130 +/- 150 points if wild swings come..Wait patiantly for getting in..do book & enjoy the trade and the week..cheers