WEEK 20TH TO 24TH JUNE

Markets have drifted down in the last week mainly due to global cues and no good news..Its been a very sideways kind of market this month & frustrating for investors traders alike with sudden drop/rise..( a small break /vacation can be a good thing for some weeks till results come in)..Markets may still drift lower to retest the recent lows or more lower, in case we do not sustain above 5300 levels..5420 seems to be the S/R for the coming week with a trading range of 5250-5450 ..Some select stocks which have corrected well can be taken for medium term in small qty..Spread your buying over next 2-3 months and then sit tight for while for some decent returns in coming years..cheers..

WEEK 13TH JUNE TO 17TH JUNE

Markets were range bound last week and tested the traders patiance.The lows have to retested again for any move up ,so lets see how things pan out this week. The S/R for this week is 5505 and the range could be 5400-5600..There are no cues right now for markets to move up and break of 5400 could cause deeper corrections..only above 5580 can some strength be seen in the markets so trade accordingly in the coming weeks..enjoy your trades
cheers.

WEEK 6TH JUNE TO 10TH JUNE

Markets having reached the top of the range need to consolidate for a while for any further direction call..5500-5600 should be the consolidation mode with a +/-50 point rider. Markets will have to find new leaders in the coming weeks/months for next wave up..5530 is the S/R of this week. Banking / IT stocks can be looked at this week on dips..enjoy your trading
cheers

WEEK 3TH MAY TO 3 RD JUNE

Markets dipped below the S/R of last week and stopped almost near the support zone as mentioned to make a late week comeback..Markets move shows a move away from the oversold zone despite of huge calls of further slide towards the last lows....Markets surprises the brazen and obvious ..So better see the trend rather than the huge chorus of noise which will never make you buy the dips..Now Coming to next week..some consolidation in the coming week is required for markets to show its hand..do book profits on the stocks bought in the last dip and wait for it to test its base again and any move ahead..If the low of last week is held then it signifies a higher low & in coming months we should surge ahead..many many index stocks are at very good levels ..keep dipping in slowly for medium term into them.. The world and our own financials are still shaky so be cautious to buy dips only rather than chase mirages..The S/R next week is 5425 with a range of 5300-5600..enjoy your trading...
cheers.

WEEK 23RD MAY TO 27TH MAY

Markets sold off in europe/US last week and have opened weak in Asia today..Brace for volatality again ( not due to us) ..Being a settlement week the swings could be wild..5470 is the S/R for this week with a range 5400 t0 5560..Break of 5400 in close could drift the market to lower support zones of 5300-5330 and cross of 5560 could take it all the way over 5650..Buy in good dip in select stocks can still pay dividents..enjoy the week..
cheers

WEEK 16TH TO 2OTH MAY

The week gone by remained range bound again giving both the bears and bulls opportunity to make money..5450-5650 has been a range now , anybreak should take the markets 150-200 points either way ..till then Trade the range for the time being..as there is not much support from the FII and this could be a consolidation phase before a big move either wayThe S/R of the week is 5556..in mean while small qty. select stocks can be picked up specially in banks ,CGs, reality..

enjoy your trades..
cheers

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