WEEK 25TH TO 29TH NOV

People following this blog would have got it right in the last few weeks the markets movements..It was clearly advised of a app.  Diwali  week top..then a correction..an oversold positions rebound ..followed by another fall..The markets followed the script perfectly till now..

Now what next???? In case the last weeks Low is held in the coming week the markets will attempt 6220 again and cross of this zone the recent top of 6383(NF)..Failure can take us to 200 DMA at 5850 around at least , below which a deeper correction can start..5990-6120 could be a consolidation zone for the market in the coming week etc( do keep in mind the settlement week volatality..).. ..so trade that..Do buy your select stocks for trade..enjoy the trades cheers

WEEK 18TH TO 22ND NOV

Markets made the temporary  bottom last week to give a run in to the oversold positions of the last 8 days ..A few more days of up move will be healthy for the markets after which the next leg down could start..6220 is the watch zone +/- 100-150 points breakout/down from here..Trade accordingly..cheers

WEEK 11TH NOV TO 15TH NOV

Markets after making a Diwali top went into correction mode as was expected..The first leg of correction could be complete , with a reversal next week followed by correction again..Weekly charts again suggest a top in place with a lower swing made last week..The market now needs a Time/Price correction of the last move from 5100 zone..Being a trader who buys dip and deeper wait rewards the brave..6280-6320 should be a good resistance zone above 6220 and 6080-6050 a good support zone below last weeks low..Breakout/In could be 100-150 points from this range..enjoy your trades..cheers

MONTHLY & WEEKLY 5TH TO 8TH NOV

Markets gave a breakout to post a new HIGH at diwali in both SENSEX/NIFTY..So the weekly monthly buy worked out well..ultimate targets for this leg up could be in range 6800-7200 in the coming months year etc etc ..whenever the breakout sustains...For the coming month 6080 is now the watch zone below 6250-6220 zone ..resistance above 6400 could be in range 6450-6470..Do book profits and wait for good dips to get in..Post Diwali is a new year of trading and caution ahead could be the name of the game..Till then enjoy your trades cheers..

WEEK 27TH OCT TO 1ST NOV

Markets have been making higher highs and profit taking sets in..Either the markets are consolidating for another leg up or after making a lower low ..correct as selling has set into the daily charts, though weekly/monthly are still in the buy mode..Watch 6150 for next week with support below 6120 at 6000-6020 and resistance at 6250 or higher around 6300(NF)..Break of thyis range will give a quick 150-200 points on either side..Being the settlement week volatality will be there so trade acoordingly by buying in good dips..Enjoy your trades cheers

WEEK 21ST TO 25TH OCT

Markets are almost spot on towards the initial targets of range 6210-6250(NF)..Some reaction should come from these levels next week towards the support zones as mentioned last week..before any further breakout if it takes place in the coming weeks for the all the time high to be achieved and crossed..Most of the stocks are languishing at lows and the rally taking us to these highs is based on a few select stocks  of the Index.. Traders trading the IndexFutures or Options have enjoyed good gains these last few months & maybe change of stratergy  is required. by people who are missing the rallies etc ..Trade them in coming days /weeks for gains..enjoy your trades cheers

WEEK 14TH TO 18TH OCT

Markets broke the range last week to surge ahead in results start..It had made a classic H / S pattern in daily charts suggesting targets of 6160-6210-6250 (NF) upon breakof 6020 ,which it has achieved partially.. Some more move up is in store if Banking index helps along with Oil and gas..6000-6020 will be a watch zone now..below which will  be the elusive 5820 which held very well last week..Markets always dip, book your profits from last week and wait..Trade accordingly..cheers

WEEK 7TH TO 11 TH OCT

              HAPPY NAVRATRAS TO ALL VISITORS OF THIS BLOG

Markets just about moved in the range given last week with a breach at the top..Beyond next week the results season starts which will have bearing on the markets going forward..Do book your profitable positions in the coming week and start fresh with the results season..Good dips have always provided opportunities to make money..so patiance is name of the game..5820-6020 will the range and break can give a sudden 150-200 points move..Trade accordingly..cheers

30TH SEPT TO 4TH OCT

Markets have been consolidating last week between 5820-5950...Making a I H/S in daily charts ..Break of 5820 zone takes us way down towards 5500-5550 zone to start with and break of 5950 could retest the tops or go higher....Range expansion should take place in the coming truncated week..As the settlement is far off at 31 st Oct..we should get 2 huge moves either side so trade accordingly for good gains in this month..enjoy your trades..cheers

WEEK 23RD TO 27TH SEPTEMBER

Markets got the fillip from the FED statement and gave a huge leg up to cross the last high decesively. Volatality returned with our RBI policy to give a fast furious dip..etc..The fact is markets were over stretched  and needed a breather to correct consolidate for a few days to decide whether to move higher or correct this rise..The 3 weeks from the bottom is over so it can be any which way..The range set right now should be 5950-6050 +/- 100 points below or above which will come the breakout / breakdown(remember its the EXPIRY WEEK so care on both sides of trade)..Traders should reduce their trading positions and investors book their profits to wait for a good dip to get in the trades again.. enjoy your trades..cheers

WEEK 16TH TO 20 TH SEPTEMBER

Markets crossed 5820 decesively to head towards the 6050 target above 5933 zone..Correction held 5820 last week...breach of 5780 in coming weeks will take us all the way below 5600 and above 5920 we should head for 6050..The run up was fast furious from the oversold zone and  the fall could be equally fast in case the up move looses steam..Trade accordingly..cheers

WEEK 10TH TO 13TH SEPT.

Markets moved above the resistance zone from the severely oversold zones..The time cycle ending also gave the fillip to this move after August correction..Beyond 5750 the doors open for retracements  all the way from 6100 zone..Below 5550 the downward trend will resume to complete the correction started from 6329 zone..5650-70  to be the SL for longs in the coming week with 5820 as a possible target over 5730-50 zone..Trade accordingly and book your profits ..Its always rewarding to buy the dips..cheers

WEEK 2ND TO 6TH SEPTEMBER

Markets gave the classic dip towards the 5050-5100 zone..hope visitors to this blog used the opportunity to get in for good profits during the settlement week volatality..Cash buying should be booked as decent profits in select stocks is available if you had bought the capitulation..So what happens ahead..We almost completed theongoing weekly technicals target at the bottom and this retracement  can be used over this month to unwind stuck longs so the next   dip can be taken again..For next week watch 5530 zone over which 5650 and above can be achieved  in this up move..any dip towards 5320-5350 zone will give opportunity to enter selectstocks of your choice..Below this we can go all the way   below 5108 towards 4950-5050.. again..trade accordingly..cheers

PS:  We are again at  important Time Cycle zone now ..

WEEK 26TH AUG TO 30TH AUG

Markets just about about did the range as i had mentioned last week..5200-5250 became the support zone and 5480-5500 the resistance zone...5360-80 now emerges as make / break zone for the upward/downward move with a target of 5600 or above  over 5530-50 zone..&5050-5100 below As it is the settlement week and we are a tad overbought wait for a dip to get into the trade and technical traders can play both ways the volatality..do keep booking the profits ..enjoy the trades cheers 

Week 19th Aug to 23 rd Aug

Markets broke the range last week to head to 5800 but collapsed on friday to break the range on the lower side..Markets are at a very tricky corner right now..Failure to cross 5580-5600 range quickly and close persistantly over it will take this correction deeper towards 5400-5250 zone below 5480 levels..Be cautious in your investments and be selective on the severely over sold stocks which over a period of time may give good returns..Trade accordingly..cheers