WEEK 21ST TO 24 TH AUGUST

Last week the falling trendline was breached briefly but failed to hold above it..5380 will be crucial S/R for the coming week..Global markets too seem to be in pressure and moving up very slowly..CBOE vix as historical low levels..So what next..???Markets have to close over 5380-5400( NF) for a few days..for the next leg of move up..failing the supports of 5320-50 zone will take a breather and will look for deeper correction..Trade the range till a break out with strict SL's..keep booking profits as we ride up..cheers

WEEK 13th aug to 17 th aug.

Markets consolidated  in a tight range of 110 points last week ending in a neutral territory the weekly close.Markets have to close decesively for a few days over the  trend line resistance of 6349-5700 NF which is app at 5380-5400 zone to make any progress on the higher side..The lower trendline support will be in the range of 5270-80 zone..breach of the above trendline will give a quick 100-150 points move..FII build up so far in the series is quite Positive..5340 is the S/R for the coming week with a range of 100 points minimum..Trade accordingly..cheers

WEEK 6TH TO 10TH AUGUST

Markets took support at the golden cross of 50/200SMA  and moved up to cross  the resistance zone of 20 SMA  and close above it for the week. Global markets too are positive so the start of the next week will take us towards the recent highs in case we close the gap zone of 5280-5315 app.The breakout will be over 150 points range of the S/R zone of 5200..Do book partial profits or trail with sl's  as we move into resistance zones..enjoy your trades ..cheers

WEEK 30th july 3rd august

Markets were in the process of correction in the last week, for the upmove..Volatality played the key in the settlement..Markets are taking support at the 50/200 sma zone of app.5100 and will take resistance at 20 sma or 5240 zone..The S/R of the coming week is 5115 and we can have a 150 point move either way..Markets are poised  at cross roads looking for cues from the govt. and global markets for any upmove otherwise it will remain in a range and drift downwards on its own weight..Trade with the trend in the coming weeks..cheers

WEEK 22nd to 27th july

Markets remained in a tight range the whole last week either consolidating or waiting for cues from the govt. for next move..Global cues are subdued and not very condusive and the coming week being the settlement week can expect volitality..5150-75  will be a watch zone for the coming week, below which we can go all the way to retest the 5030-50 zone..cross of 5220 can take us to 5320 and retest of recent tops..use dips for buying oppurtunities in your favorite stocks..enjoy the trades cheers.

WEEK 16TH JULY TO 20TH JULY

Markets started the correction on the up move  of the last many days..Dips should be used to buy into your favorite stocks as weekly technicals are still in a up move and this could be a consolidation..S/R of the coming week could be 5280   with a minimum range of about 150 points..5370-5400 should be a good resistance zone and 5120-50 a good support zone in the coming days..enjoy your trades..cheers

9th TO 13th JULY

Markets remained in a tight range after completing the 1st leg of the upmove...5270 -5360 remains a range for the time being breach of which can take the markets 50-100 points either way..As markets spend more time in this range the low of the index is slowly moving up in time...good supports lie in the range of 5050-5100 and resistances in the range of 5450-5500...For the coming week 5320 will be the S/R..enjoy the trades cheers.

WEEK 2ND JULY TO 6TH JULY

Markets took support at the 200 dma and gave the breakout expected over the lat few trading sessions .. Hope friends visiting the blog would have benefitted from our posiitve bias of the market..Well the journey from 4800 supportzone will now move into the resistance zones of  around 5350 to 5450 zone and will also spend time consolidating to see which way to move ahead ..Do book profits in the coming week and wait for good dips to get in again..5200-5220 zone should be good supports below 5270 zone in the coming days..5231 is the S/R for the coming week ..enjoy your trades cheers

WEEK 25th to 29th JUNE

Markets have hown strenght in the last week by holding on to 200 DMA supports despite global bad news and drop downs..it recovered from the  intraday falls ..The week ahead could be decesive one on news flows ..Anyhow 5126 is the S/R for the coming week with a range of 150-200 points..Markets could be volatile due to settlement week too but with a positive bias..watch 5090 in close for any weakness and close over 5200 for a breakout..enjoy your trades cheers..

18th to 22nd JUNE

The bias of upward momemtum worked and markets moved to 5150 zone despite bouts of correction waiting for the big events to happen in the coming week..We r now back to 5175-80 zone once again ( this is the break/out down zone of the past many times..)Watch this area closely in close..a few closes above this can take us all the way to 5400-50 zone in coming weeks..Failure to stay above this and close below 5090-5100 will spell weakness in the days ahead and a deeper correction can be expected thereon...Trailing SLs should come in play now for  what was bought below..so it can be rebought in dips again..enjoy the ride..cheers 

PS: Markets have been rewarding the brave traders with a plan..

WEEK 11th to 15th june

Markets did the classic DIP & Reverse pattern by retesting the bottom and turning..Cross of 4880 with gap up has brought the markets at the top of the range in the 5100-5150 zone..4980 seems to be the S/R for the coming week with a range of 4850 to 5290 app. As we move up in the coming week brace for volatility bouts of profit taking..But overall as daily and now weekly indicators are also turning up after so many weeks the bias would be up in the coming times so use the dips for buying back your favorite stocks in which your are booking profits..enjoy your trades cheers.

WEEK 4th june to 8th june

Markets moved up to cross the 4950 zone  but failed to cross the 5020 threshold for 5150 plus zone..It collapsed after the settlement on friday due to Rupee pressure and global cues..IT will be testing the recent lows made in the coming week ..Failure to hold that  or 4700-4720 zone will sound the alarm bells for deeper correction as global cues too are not condusive..profits booked higher can be redeplayed again on SIP basis on the ongoing correction for medium to short term gains..4880 zone is a watch zone again with a range of 150-200 points cheers.

28th MAY to !st JUNE

Markets are moving to make a base with the volatality shown in the last week.Tech savvy traders would have benefitted from the market swings ..Markets are at the crucial breakout zone of 4940-50 for 5100-5150 zone..Failure to sustain the break out may take us back towards 4820-4840 zone for supports..Watch the INR/USD for cues next week..strong rupee may propel the markets northwards..
4880 is the S/R zone for the next week with a minimum range of  4750-5050..enjoy your trades cheers

WEEK 21ST TO 25TH MAY

Marktets did the trick ,went spot on to thesupport of  4780 zone and did a classic dip & reversal pattern..Followers of this blog would have surely benefitted by buying in the panic bottom and the rise thereafter....Technicals help you remain with the trend. For all  who still have not entered the world of market technicals will request them to put your foot in.    So what next now ..??

If this reversal continues we should move towards 5000-5150 zone at least in the coming week..4870 seems to be the S/R of the coming week with a minimum  range 100-150 points ..enjoy your trades ..cheers

WEEK 14TH TO 18TH MAY

Markets are testing supports at 62 %  retracement of the dec-feb rise ..Failure to hold this takes us all the way to 78% retracement or 4780- 4800 zone..So what can be done..Well use this opportunity to get your foot in again into the markets..Buy your favorite shares for short to medium term in a SIP manner based on your risk appetite..Professinal traders should trade with the Technicals in the direction of the markets with strict stop losses..Good quality shares are available today at decent prices..keep some capital for a sudden capitulation day..4990 seems to be the S/R of the coming week with a range of 200 points either way..enjoy your trades cheers.