WEEK 9TH TO 13TH MAY

Markets gave the classic jerk on break of 5700 and quickly dipped to the lower end of the range.The unwinding was fast and furious.The Moving Averages have been damaged and some time of consolidation is required to see the next move..Markets may bounce further due to highly oversold positions.Many will use the opportunity to unwind the longs stuck at higher levels..The S/R of the week is 5600 with a range of 5450 to 5750..Stocks bought at bottoms can be booked on rise towards the upper range..
Happy Trading..

WEEK 2ND MAY TO 6TH MAY

Markets are range bound between around 5700-5900 for sometime now...Once again it moved southwards to test the base..Any break of 5700 zone could give a quick DIP....Hoding this zone would take us back to 5900 or above zone..break above this zone will give a sharp RISE ..FII funds are lacking this last month and generally they have been selling on every rise..The S/R of this week is 5800 zone..Capital goods/IT stocks have corrected well also the Banking on further dip look good for mid term buy.Bias should be up on further dips if any..Trade accordingly. cheers.

WEEK 25TH TO 29TH APRIL

Markets gave the pop up from support zone of 5700 once again to the resistance zone of 5950.Cross of this zone propels us to 6000 and beyond..5850 is the S/R of next week with a range of 5750-6000..A small dip can be expected early in the week with the ususal settlement week volatality.Trade accordingly..Index stocks have moved well and need some profit booking on rise if not booked till now..
enjoy the week
cheers.

WEEK 18TH APRIL TO 22ND APRIL

Markets gave a good BOTH WAYs movement last week. The sudden moves up show the short covering from the markets.. Markets have to consolidate the 2 weeks move up for any further upmove ..5850 will be a key zone S / R to watch in the coming week with the range almost being 5730-5950..Buy the dips for a move up in the coming weeks..Index stocks will be attractive on corrections..enjoy the trade cheers

TRUCATED WEEK 11TH TO 15TH APRIL

Markets eased off by the week end...to consolidate the gains of the last few weeks..Being a truncated week ahead trading could be difficult, but my advise will be to utilise good dips to take entry into youe select Stocks.... 5900 should be the S/R of the coming week with a range of 5700-6000. enjoy the coming week for its holidays . Please dont forget to SUPPORT & SALUTE , OUR ANNA JI, for all that hes doing for our FUTURE GENERATIONS.. PS: I was thereat Jantar Mantar from yesterday early morning with my wife and was amazed at the deluge of humanity and love support for him for all starta of society, caste & creed....JAI HIND.

WEEK 4TH TO 8TH

The new series have started on a positive note.Markets have shown a lot of resiliance based on FII flows..The trend is up so wait for good dips to get in or wait for the markets to make lower highs to get into shorts..5800 around is the S/R of this week with the range being 5650-5950 with 50 points grace here & there.. STOCKS : ONLY IN DIPS. cheers..

WEEK 28TH TO 1ST APRIL

Markets have a funny way of catching many on the wrong foot specially the experts..I had mentioned last week that markets will break out from the range soon and make a move...Hope ppl. visiting the blog would have benefitted from the move up from the S/R level and the break out..What next?????The ride is up now for some time so do book profits if you still have not & wait for a dip to get in ..Never chase a run away market..The S/R next week 5580 zone and range could be 5500-5800..

\STOCKS: Banking stocks gave decent returns , one can get into IT/CG stocks on dips..
enjoy the ride
cheers.

HAPPY HOLI..WEEK 21ST TO 25TH

Markets traded around the S/R zone of 5480 in a tight range before breaking it to dip towards the low of the range..Indian markets are not in sync with World markets from january this year as we had moved much ahead of them in the September rally. The coming week again could be a range trading with 5350-5550 as a range..This range should be breaking soon either way for markets to show their hands..This week 5425 is the S/R or watch zone . Supports & Resistances are much lower and higher than the range..Trade accordingly.
STOCKS: Banking stocks are again a buy in dips or around here.
cheers

WEEK MARCH 14-18TH

Markets consolidated in the range of 5400-5600 as given in last weeks update. 5400 seems to be holding and if Japans problem is also absorbed by the golbal markets a attempt towards 5600 could be made again. Break of 5400 in close could start the deeper cut for retesting the lows..5480 seems to be the S/R for the week with a range of 5300-5650.
Trade accordingly.
STOCKS: Wait for good dips to get in or stay with Index stocks with very strict SL.for this week.
cheers

WEEK 7TH TO 11TH MARCH

Markets after initial hesitation broke the 5400 band to progress towards the 1st resistance zone of 5600.This zone of 5590-5630 has many resistances of the past , cross of which can give a fillup towards quick 100-150 points..This week S/R is 5490 with a range of 5370-5670 minimum..Markets will consolidate in a 5400-5600 zone before they give a breakout/break down..watch 5440 for break down or 5630 for break out, both in close..
STOCKS.:Buy in good dips should still be the policy to protect your capital.
happy trading

WEEK 28TH FEB TO 4TH MARCH

Markets dipped hard and became volatile after breaking the S/R and the range..This is the BUDGET DAY TODAY..wait for it to be over..CRUDE is the bottleneck for our markets ..Volatality has to come down for the markets to show some semblence of upmove..S/R for this week is 5350 with a range of 5200 to 5400..Let the day go by and allow the markets to react to the budget before taking a move..Buy in good sudden dips seems to be working out now for sometime..trade accordingly.
happy trading.,

WEEK 21 ST TO 25 TH

Markets moved over the S/R then crossing 5440 did the quick 150 points to do 5589 before scumbing to profit taking again..by this quick 400 points move from bottom..Sharp correction on friday got the bears charged again..Index Stocks gave very good returns quickly..This is a event filled week..with parliament starting with JPC hanging overhead ...Settlement week etc..5460 is the S/R zone with a range of 5340-5600..Markets could be volatile so trade light and in the direction..
STOCKS: Wait for dips for getting in again.
HAPPY TRADING.

WEEK 14TH TO 18TH FEB

Markets continued to show weakness and made lower lows last week due to lack of buying support.Markets seem to have made a low and was ready for a V shaped bounce back led by the index stocks , so it gave the classic dip to break of highs move..The next dip or retest of lows will tell us about the coming weeks ahead..5310-20 is the S/R for this week with a range of 5230-5440 as a possible range.. break above or below this can give a quick 100-150 points either way..Trade accordingly..
happy trading..
STOCKS..Watch the butchered stocks for a bounce back andthen a retest of lows for entry in them for medium term..

WEEK 7th TO 11th FEB

Another hard week gone by..Markets took support at 5400 zone and turned to just about touch the S/R zone and reverse back to break the 5400 support zone..Rumors /News every thing is breaking the camels back.. 5430 should be the S/R of next week with range being 5250-5550..Though its looking very tough for the Bulls ..small dips can be done in index / butchered shares for a bounce back trade..markets are oversold but can keep slipping to any levels due to no buying support..so take your trades with a pinch of salt..
happy Trading..

WEEK 31ST TO 4TH FEB

Markets have showed huge weakness from the settlement week after hitting the 5800 mark..Markets after closing below the 200 DMA will have to find its supports somewhere as we drift slowly into oversold zone again in daily weekly..5550 is the S/R for this week with a wide wildish range of 5400 to 5700..World events etc too are driving this down trend ..A technical bounce back will be due this week.. FNO traders should wait for a positive day before dipping in..you can pick choose small qty. your select stocks in this carnage and see from there..
STOCKS : Anything of index will be a good buy.
Happy Trading