WEEK 7TH TO 11 TH APRIL

Markets have been clearing highs almost every day of the last week to make a high of app. 6800 NF..Corrections of just 50-60 points and deeper of 140-150 points have been taking place in this rally of 2 months after which the highs were cleared always to make new highs..In the near future in case the markets decide to make a lower high and the corrections go deeper to start making lower lows..bear in mind that the correction of the whole up move from 5957 zone may have  started..Elections start next week and volatality will be supreme as we come closer to results mid may..so trade with caution to buy good dips and keep posting profits..Booking profits and carrying money home is always a good idea..Trade accordingly..cheers.

WEEK 31 MAR TO 4 TH APRIL

Markets held 6500 (NF) and moved to cross 6550 towards new heights and zipped towards 6700+ zone..FII buying  and DII profit taking is still making markets hit new highs every week..So what next???As per DOW Theory so long as we are making higher highs and higher lows..we will have to keep trading the trend..but caution is required and these are zones by keeping strict stop losses..6900 could be a tentative target beyond 6650..Markets always correct and as of now 6400-6450 now seems to be the base of the market right now as markets did a multi month breakout at this zone..Wait for a good dip for getting in again.(.31 st March NAV for funds will be at tops this time )  enjoy your trades cheers..

WEEK 24TH MAR TO 28 TH MAR

Markets are still in a range bound mode after 8-9 days...Despite FII daily  buy in cash the markets refuse to move up.& cross the 6600 threshold ...Distribution /profit taking seems to be taking place ..Watch 6450-6550 zone as compression  zone  beyond /below which can be a quick 100-150 point move either way..6500(NF) seems to be the neutral zone as of now..Being the settlement week some volatality will be there ..wait for deeper corrections to get in  your select stocks..till then be a intraday trader..enjoy your trades cheers

WEEK 18TH TO 21 ST MAR

Markets halted at the 6600 zone NF for a consolidation/profit taking..Trade ahead has to be with strict SL at the last weeks low or below around 6400-6350 ..failure to cross 6560-80 zone deceisively in the next week will be reason for BEARS to come into play.and a cross /close above 6620 for a few days will signify a good breakout...As next week is the settlement week so a range bound trade may be in offing and beyond that the political /global events can take over..Do wait for sudden good dips to get into your favorite stocks again..Markets always correct and will correct now also..Take your call..cheers and a VERY HAPPY HOLI TO ALL VISITORS TO THIS BLOG..

WEEK 10TH MAR TO 14TH MAR

Markets gave the much awaited breakout with the typical flash range expansion of 5620 low in NF on start of the week..over the retracement of 80% of the 6480-5957 range the markets opened up for a quick run up with targets of 6505-6676..& above...profits should be booked in all positions as we head up with a strict SL around 6500 zone NF..Wait for a dip to trade this rally enjoy the trades... cheers

WEEK 3RD TO 7TH MARCH

Markets gave the breakout in the last  week to move to the higher range after the consolidation..Move is a bit laborious ..and the markets now are overbought..One will have to wait for good dips to get in again and savvy Traders can use their technical skills to chase the markets up/down..6200-6150 will now be a good support zone and 6300-6320 a resistance zone..Trade accordingly.cheers

WEEK 24th feb to 28 th feb.

Markets still in a range and failing to break over 6150 and stay over it for a few days..being a truncated settlement week some volatality will be there so trade accordingly..May still remain in a consolidation phase with a range of 5950-6200-30 type ..any move beyond these levels will be a quick 100-150 points either way..Wait for good dips to get in your select stocks..& keep booking profits on your trading positions..and be a trader till then..enjoy your trades cheers

WEEK 17TH TO 21ST FEB

Markets resisted again  below 6150 and corrected  with volatile bearings..Most market players have to accept the current volatality as a consolidation phase the period of which can extend over weeks/months..the range is being set..6080-6150..lower down is 5950-6050..beyond this when ever markets break loose 6350-5750 or 5800-6200..could also be in offing..Investors should keep looking at their pet stocks on value basis and invest not on what the index is saying but where they have been corrected to..every sharp dip can be bought for trading purposes..enjoy your trades ..cheers

WEEK 10 th to 14th FEB

Markets after breaking the lows of 6150 (NF) moved towards 5950 zone as mentioned in the last posts..It has to retest this break in the coming week and then the lows to see if it further moves down..Major time periods are in SELL and every rise may be sold..Below 5950 we could head towards 5750-5800 zone..Do keep trading your positions and wait for deeper corrections in the coming time for long term investments..enjoy your trades cheers

WEEK 3RD TO 7 TH FEB

Markets broke the range during the settlement week of 6150-6350 to move towards the 5950-6000 zone..We have made a top at 6480 now which will take time to cross..Global cues are weak and markets should head down to complete the correction  of 5750-6480 zone..Every rise may  be sold as major periods are also in sell.. Trade the bounces well from the oversold zones in the coming weeks months& keep booking profits.. till a finality is not there after elections..generally markets have been doing a 350-400 points monthly range ,,,any breach of this will take  us into a deeper move..trade accordingly..cheers

WEEK 27 TH TO 31 JAN

Markets moved towards the Top of the range towards 6350, failed to surge ahead and moved back towards the 6220 zone ..Breach of this zone next week will take us to the bottom of the range or 6151..Global cues not holding there is possibility again of breach of this zone towards 5950-6000 in the coming days or again a range bound trade between 6150-6230-6350 (NF).Breach below  6151 will signify a top in place and more correction to come in the coming months to retrace the 5108-6480 ride..Trade accordingly & wait for good deep dips to get in your select stocks ..cheers.

WEEK 20TH TO 24 JAN

Markets still moving in a range of 6150-6350 and unable to do a break out/down..So what next..???Markets have made lower highs and have to break the lows to make a decisive move down below 6220 towards the 5900-6000 zone below 6150(NF)..or has to move above 6350 towards quickfire 6500+ zone by this month end failing which a TOP could be in place temporarily..Trade accordingly..cheers

WEEK 13th TO 17TH JAN

Markets are still moving in a range with a little volatality from the last few days..This range now of 100-120 points  has to break in the coming week so the markets can expand...6220 still is the mean point with now a range of 60 points on inner side and break beyond this will take the markets 120-150 points either way of this range..Do buy your select stocks in sudden dips and keep booking profits..Globally the Big Ticket Funds will start planning  allocating & investing for the year 2014..Trade accordingly..cheers

WEEK 6TH JAN 10TH JAN

Markets welcomed the new year by crossing the recent top to close between 6400-6430  and then dipped towards 6220 as had been written last week..As we are moving into the result season soon volatality will be there to stay..6220 was held last week in close so any close below it will take us in the 6080-6120 support zone..resistances will come in 6340-50 zone now and decesive close over 6430 in the coming weeks/months only will propel markets towards 6900-7200 zone.. keep trading till then..cheers

WEEK 30 TH DEC TO 3RD JAN 2014

Markets have completed this settlement on the positive side but is still in the range as mentioned last week...Crossing 6220 we again are heading towards 6400-6430 range failing which we retest 6220 and below towards the recent lows of 6151(NF)..Volumes may be less going towards the new year so book profarits and trade light and wait for good dips to get in again..enjoy the ride.. cheers