WEEK 4TH TO 8TH JAN

Markets have moved up slowly towards the last high 8005(NF) , making a high of 7994 yesterday.a close above 8020  for a few days can easily propel markets towards the 8120-8260 zone in steps. a drop below 7950 zone can take us to 7850 and 7760 zones app. negative divergences have appeared in some indicators warning us to keep strict stop losses. do book your profitable positions as we go up and wait for good dips to get back in.cheers

WEEK 28TH DEC TO 1 ST JAN

Markets are moving in a narrow range as holiday season has ticked in and volumes have slowed down. next week is settlement week  so some volatile movement can be expected..7800 NF seems to a support below which a retest of 7700-7720 can be done. over 7900,  7950-7980 could be a target, though markets are struggling around 7850/60 zone. Buy the good dips and book your trading profits when it comes..cheers

WEEK 21ST DEC TO 24 DEC

Markets almost  moved in the range as projected last week. taking support at 7579 nf it moved towards the higher end 7864 nf. after crossing the PIVOT of 7690.hope profits was booked at the top last week. 7700-7680 again happens to be a decent support for the next leg up towards 8050-8100 , failing which a retest or break of lows can be seen in the coming weeks. buy the dips mantra should be working for traders and for long term SIP buying in their favorite stocks..enjoy the trades cheers.

WEEK 14 TO 18 DEC

Markets broke the RANGE last week to dip towards the old lows made in september.. global local cues not favoring may even lead to deeper corrections in the coming weeks. As the markets may become a bit oversold a few days sharp reversal is not ruled out . perfect time to dip into your favorite stocks for mid to long term in a SIP mode.Keep trading in the meanwhile as a reversal towards 7780-7820 is not ruled out in case 7500-7550 (nf) hold in the coming week with 7690 around being the weeks pivot point.enjoy your trades ..cheers

WEEK 7TH TO 11 DEC

Markets remained range bound again this week between 8000-7800. Next again it will be same range with a breakout of about 100-150 points if it takes place.Its becoming difficult for index traders to trade with the gap up/down , so do the intraday trades when breakout of ranges take place and buy good dips for profits at higher end of the range..enjoy the trades cheers

WEEK 30 NOV TO 4 TH DEC

Markets remained in range  still 7700-8000..waiting for global or local cues for the next move. next weekend should shed some light from the US fed or maybe some cue about GST here.. the range has narrowed to 7800-8000 ..a break should give 150-200 points quickly either side. wait for dips near supports to get in and keep booking profits ..cheers

WEEK 23 TO 27 NOV.

Markets have been moving in a range from the last few weeks which is 7700-8000 after the correction from the top. The range needs to be broken by about 200 points either way for a directional move. Till then keep trading this range and keep booking your profits when available.enjoy the trades cheers

WEEK 19 TH OCT TO 15 NOV

Will be travelling abroad so will not be posting the weekly technicals. enjoy your trades and wishing all a very happy dussehra & diwali ..cheers

WEEK 12 TO 16TH OCT.

Markets opened near  the resistance of 8050 to move up towards 8200-8250 zone. We are in a tad overbought zone but results of INFY will define the short term trend. resistances lie between 8300-8400 and supports at 8000-8030. watch 8150 zone carefully for the direction of the market.last week was narrrow range of just 218 points. enjoy your trades cheers

WEEK 5TH TO 9TH OCTOBER

Markets moved in the range again despite RBI cuts . 7850 proved to be a support zone above 7700 and markets resistated at 8050 zone again. In the coming week 7900 zone should give a support for a move above 8050 for 8200. break below 7900 can take us to 7750-7800 zone. Do keep booking your trading positions and buy the good dips ..cheers

WEEK 28TH SEPT. TO 1ST OCT

Markets moved in a range of 7700-8000 (NF) there by halting the upwards move in the truncated settlement week.Next week too it looks the same range +/- 100-150 points on on some global cues ..area to watch will be 7850-70 zone for any direction of the move..do keep booking profits when you can and buy good dips in your selected stocks.cheers

WEEK 21 TO 26TH SEPTEMBER

Global cues propped the markets beyond the range to move towards the higher end of the range towards 8050-8100. Markets have moved 500 points from the bottom despite huge build up of PUTS when we were at bottoms. so what next..A retest of the bottom is due to establish the higher lows higher highs model.. its a truncated settlement week so volatality can return in the coming week.supports lie around 7800-7850-7900 and resistance around 8150-8200 trade accordingly.cheers

WEEK 14TH TO 18 SEPTEMBER

Markets almost touched the low-high of the band projected last week (7558-7878)..Hope visitors to the blog bought and booked their profits..so what next..weekly range is 320 points.  The range can narrow this week between 7600-7900 with a 100-150 point breakout/in zone.7740-50(NF) can the neutral zone to watch. Truncated week and FED meeting ahead may bring volatality so keep strict sls for coming week enjoy the trades cheers

WEEK 7 TH TO 11 TH SEPTEMBER

Markets halted to trip again in the last week due to volatile global cues to retested and break the lows made recently. 436 points was the range last week .Global cues are still weak so drift downwards may continue next week too.below last weeks low supports lie at 7550-7420 zone below 7590..resistance lies in 7875 zone for the time being above which is 8000 zone..7790 around is the weekly pivot. SIP buying in your favorite stocks can be done and on any good rise profits booked.Do keep in mind that we are still making LOWER HIGHS AND LOWER LOWS..  and till this trend  is not reversed  caution has to be done in your trading accounts..Markets can remain oversold or overbought for days / weeks ..enjoy your trades cheers

WEEK 31 ST AUGUST TO 4 SEPTEMBER

What a roller coaster ride last week..Started with a huge gap down and rushed towards the May 16 th 2014 high made..The fall had been lurking for long as we were not able to cross 8650 for a bit of time..The reversal from the lows of 7665( nf ) was fast furious.Now what next,..We had a 460 point range last week which  should reduce in case volatality settles down in the coming week.8200-8250 on the upper side and 7800-7850 on the lower side with 7900 set as middle point should be watched ..enjoy the trades and do keep booking your profits when they are there . ..cheers