WEEK 3RD TO 7 TH FEB

Markets broke the range during the settlement week of 6150-6350 to move towards the 5950-6000 zone..We have made a top at 6480 now which will take time to cross..Global cues are weak and markets should head down to complete the correction  of 5750-6480 zone..Every rise may  be sold as major periods are also in sell.. Trade the bounces well from the oversold zones in the coming weeks months& keep booking profits.. till a finality is not there after elections..generally markets have been doing a 350-400 points monthly range ,,,any breach of this will take  us into a deeper move..trade accordingly..cheers

WEEK 27 TH TO 31 JAN

Markets moved towards the Top of the range towards 6350, failed to surge ahead and moved back towards the 6220 zone ..Breach of this zone next week will take us to the bottom of the range or 6151..Global cues not holding there is possibility again of breach of this zone towards 5950-6000 in the coming days or again a range bound trade between 6150-6230-6350 (NF).Breach below  6151 will signify a top in place and more correction to come in the coming months to retrace the 5108-6480 ride..Trade accordingly & wait for good deep dips to get in your select stocks ..cheers.

WEEK 20TH TO 24 JAN

Markets still moving in a range of 6150-6350 and unable to do a break out/down..So what next..???Markets have made lower highs and have to break the lows to make a decisive move down below 6220 towards the 5900-6000 zone below 6150(NF)..or has to move above 6350 towards quickfire 6500+ zone by this month end failing which a TOP could be in place temporarily..Trade accordingly..cheers

WEEK 13th TO 17TH JAN

Markets are still moving in a range with a little volatality from the last few days..This range now of 100-120 points  has to break in the coming week so the markets can expand...6220 still is the mean point with now a range of 60 points on inner side and break beyond this will take the markets 120-150 points either way of this range..Do buy your select stocks in sudden dips and keep booking profits..Globally the Big Ticket Funds will start planning  allocating & investing for the year 2014..Trade accordingly..cheers

WEEK 6TH JAN 10TH JAN

Markets welcomed the new year by crossing the recent top to close between 6400-6430  and then dipped towards 6220 as had been written last week..As we are moving into the result season soon volatality will be there to stay..6220 was held last week in close so any close below it will take us in the 6080-6120 support zone..resistances will come in 6340-50 zone now and decesive close over 6430 in the coming weeks/months only will propel markets towards 6900-7200 zone.. keep trading till then..cheers

WEEK 30 TH DEC TO 3RD JAN 2014

Markets have completed this settlement on the positive side but is still in the range as mentioned last week...Crossing 6220 we again are heading towards 6400-6430 range failing which we retest 6220 and below towards the recent lows of 6151(NF)..Volumes may be less going towards the new year so book profarits and trade light and wait for good dips to get in again..enjoy the ride.. cheers

WEEK 23 TH 27 DEC

Markets have been quite volatile this last week based on events  but the range is still 100-150 points and much lower than the recent highs made..Where are we headed now for the year end...As written before 6220 & above takes us over 6320 towards 6400-6430 zone..Do keep booking your profits as we climb up and see the trades from there if we cross and sustain above highs for a week or so..below recent lows 5950-6000 should be retested and gives some opportunity to reenter stocks again..cheers..

WEEK 16th to 20th Dec

Elections came and went..Markets gave the Flip up and Settled & then quickly corrected down ..As written we did reach around 6500 but failed to sustain to move  the markets higher..The reversal is for the complete move starting from 6000...6220 again is a crucial S / R  level to watch next week below which the correction goes deeper..6300 is a resistance zone over which 6420-50 can be tested again.Do buy your select stocks which have again corrected well for a move up to retest tops again after this correction is over..enjoy your trades ..cheers

WEEK 9TH TO 13TH DEC

Markets held the 6180-6200 (NF) to gallop up on election news..So what next..??? Markets again have retested the tops as was written a few weeks back when we were at 6000 zone...Technically the markets are at lower tops , failure to cross in the next few days /weeks will set in a correction which could be longer lasting if recent lows are broken..taking us to 200 Dma Cross of highs can technically take us towards 6800 if we stay over 6450-6500 zone for a week or so..6220-50 is the  S/R zone 

For rest enjoy the election results and  the  roller coaster ride on MONDAY ..if any ..enjoy your trades and keep booking your profits as we rise ..cheers

Monthly December Weekly 2nd to 6th Dec

Markets again followed the footprint as projected last week in my post..We held the lows and crossed the consolidation zone to edge above 6220(NF) again..This month of DECEMBER ,6180-6200 will be the watch zone with at least a 200 point +/- range..For the coming week 6100-6300 is the trade zone with S/R at 6200..Do book your profitsas we move up or stall and wait again for good dips to get in as coming days will get volatile as results of assembly polls approach..enjoy the trades cheers

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