WEEK 19TH TO 23RD MAY

Country celebrates a change of government welcoming Shri Modi as the new PM..Markets too celebrated a huge leg up in the morning followed by a decent correction..So what next ??? Euphoria being over markets will have to move back to fundamentals and technicals in the coming days weeks..So back to normal trading..Hope visitors to the blog did book their SIP investments of the last DIP we got..will trade in the coming days with strict sl's as markets may also look to global cues for moving forward..6650 remains a good support below 6900..and a few closes above 7650 only will propel markets towards 79-8200 zone..A correction is due so care at heights and become a trader till then..enjoy the trades ..cheers

WEEK 12 MAY TO 16TH MAY

A very important week ahead for all us participants of the stock markets..12th evening the exit polls start and 16th we start with the results..As mentioned last week the consolidation/break out/down 6650-6850 range worked well..SIP investment suggestion gave good returns yesterday with the index moving app.200 points of nifty benefiting participants both in index and stock investment..NS posted a higher high in the index...( the sudden move came) hope visitors to this blog are in good profits due to above ....so enjoy the ride & should book  what you have in case the markets give a exceptional  run up..keep your SL's strict.enjoy the ride cheers

WEEK 5TH MAY TO 9TH MAY

Markets still making higher high and low..Is it still consolidating.?????Option analysis is showing a build up    of 6700-7000 right now.. expansion can take it to 6500-7200..we have been in the range 6650-6850 for some time  & awaiting  the election results  by mid May..Hope you are accumulating in SIP method your select stocks etc in this correction /consolidation .. in case of markets running away the same can be cashed ..Weak hearts can wait/stay away till the event is over and normal trading starts again..Enjoy your trades cheers

WEEK 28 TH APRIL TO 2ND MAY

The new series started with the correction on the first day of the series..What next???? below the levels of 6806 a sharp tight correction can set in for targets of 6750-6500 ( N F )in the coming weeks ...above the highs of 6860 the markets can attempt a move to 7050 or higher( which are  higher than these levels )...In case of sharp correction select stocks can be bought at support levels partially in a SIP manner..Trade will have to be taken on a daily/weekly basis till the event of 16th May is behind us starting from exit polls start..Trade accordingly..enjoy your trades cheers..

WEEK 21ST TO 25 TH APRIL

The coming week is the settlement for the month of April and also truncated due to holiday on 24th..The market reacted after 3 days correction and may retrace 60-80% of this down move..it was mentioned before also that 6850 is apossible target & cross may  take us to 7050 zone for this rally...In case we fail to cross the high and stay over it for a few days ,depending on global cues a short sharp correction of this whole up move may start..So be a trader for this week and be alert for a fast furious reversal in case when do not make and sustain new highs..Support below 6650 zone will go all the way to 6470-6500 zone ..enjoy your trades cheers..

TRUNCATED WEEK 15TH TO 17TH APL

Markets just about in a range last week making higher hi's again..The week ahead is truncated  so not much again can be expected..markets have reached a good resistance zone of 6850 above which is 7050  zone..below the current lows can test 6700 or 6650 zone..A good correction of this long move time wise also is due so care should be taken as global markets too correcting..the settlement also is early so do trade the trades carefully specially option traders..wait for deeper dips to get into your selected stocks..till then just trade,,,cheers..

WEEK 7TH TO 11 TH APRIL

Markets have been clearing highs almost every day of the last week to make a high of app. 6800 NF..Corrections of just 50-60 points and deeper of 140-150 points have been taking place in this rally of 2 months after which the highs were cleared always to make new highs..In the near future in case the markets decide to make a lower high and the corrections go deeper to start making lower lows..bear in mind that the correction of the whole up move from 5957 zone may have  started..Elections start next week and volatality will be supreme as we come closer to results mid may..so trade with caution to buy good dips and keep posting profits..Booking profits and carrying money home is always a good idea..Trade accordingly..cheers.

WEEK 31 MAR TO 4 TH APRIL

Markets held 6500 (NF) and moved to cross 6550 towards new heights and zipped towards 6700+ zone..FII buying  and DII profit taking is still making markets hit new highs every week..So what next???As per DOW Theory so long as we are making higher highs and higher lows..we will have to keep trading the trend..but caution is required and these are zones by keeping strict stop losses..6900 could be a tentative target beyond 6650..Markets always correct and as of now 6400-6450 now seems to be the base of the market right now as markets did a multi month breakout at this zone..Wait for a good dip for getting in again.(.31 st March NAV for funds will be at tops this time )  enjoy your trades cheers..

WEEK 24TH MAR TO 28 TH MAR

Markets are still in a range bound mode after 8-9 days...Despite FII daily  buy in cash the markets refuse to move up.& cross the 6600 threshold ...Distribution /profit taking seems to be taking place ..Watch 6450-6550 zone as compression  zone  beyond /below which can be a quick 100-150 point move either way..6500(NF) seems to be the neutral zone as of now..Being the settlement week some volatality will be there ..wait for deeper corrections to get in  your select stocks..till then be a intraday trader..enjoy your trades cheers

WEEK 18TH TO 21 ST MAR

Markets halted at the 6600 zone NF for a consolidation/profit taking..Trade ahead has to be with strict SL at the last weeks low or below around 6400-6350 ..failure to cross 6560-80 zone deceisively in the next week will be reason for BEARS to come into play.and a cross /close above 6620 for a few days will signify a good breakout...As next week is the settlement week so a range bound trade may be in offing and beyond that the political /global events can take over..Do wait for sudden good dips to get into your favorite stocks again..Markets always correct and will correct now also..Take your call..cheers and a VERY HAPPY HOLI TO ALL VISITORS TO THIS BLOG..

WEEK 10TH MAR TO 14TH MAR

Markets gave the much awaited breakout with the typical flash range expansion of 5620 low in NF on start of the week..over the retracement of 80% of the 6480-5957 range the markets opened up for a quick run up with targets of 6505-6676..& above...profits should be booked in all positions as we head up with a strict SL around 6500 zone NF..Wait for a dip to trade this rally enjoy the trades... cheers

WEEK 3RD TO 7TH MARCH

Markets gave the breakout in the last  week to move to the higher range after the consolidation..Move is a bit laborious ..and the markets now are overbought..One will have to wait for good dips to get in again and savvy Traders can use their technical skills to chase the markets up/down..6200-6150 will now be a good support zone and 6300-6320 a resistance zone..Trade accordingly.cheers

WEEK 24th feb to 28 th feb.

Markets still in a range and failing to break over 6150 and stay over it for a few days..being a truncated settlement week some volatality will be there so trade accordingly..May still remain in a consolidation phase with a range of 5950-6200-30 type ..any move beyond these levels will be a quick 100-150 points either way..Wait for good dips to get in your select stocks..& keep booking profits on your trading positions..and be a trader till then..enjoy your trades cheers

WEEK 17TH TO 21ST FEB

Markets resisted again  below 6150 and corrected  with volatile bearings..Most market players have to accept the current volatality as a consolidation phase the period of which can extend over weeks/months..the range is being set..6080-6150..lower down is 5950-6050..beyond this when ever markets break loose 6350-5750 or 5800-6200..could also be in offing..Investors should keep looking at their pet stocks on value basis and invest not on what the index is saying but where they have been corrected to..every sharp dip can be bought for trading purposes..enjoy your trades ..cheers

WEEK 10 th to 14th FEB

Markets after breaking the lows of 6150 (NF) moved towards 5950 zone as mentioned in the last posts..It has to retest this break in the coming week and then the lows to see if it further moves down..Major time periods are in SELL and every rise may be sold..Below 5950 we could head towards 5750-5800 zone..Do keep trading your positions and wait for deeper corrections in the coming time for long term investments..enjoy your trades cheers