WEEK 20TH TO 24 TH OCT

We have a truncated trading Festive DIWALI WEEK ahead..wishing all my friends visiting this blog a very happy diwali..Markets broke the lower range to move towards the 7700-7750 (NF) zone as written in the blog last week..we are still doing lower highs/lower lows so have to look for towards markets reversing it some time in coming weeks..The range has drifted down so watch 7750-7900/50 in the coming week for resistance..Do book your profits as we go up to rebuy at lower levels ..wishing all once again a happy diwali ..enjoy the week with friends and relatives..cheers.

WEEK 13th to 17th OCT

Markets have been correcting over the last 20 days sometimes violently other times just drifting...Stocks prices are falling in select segments and stocks..the Index has been making lower highs setting a range of 7850-8000 ...in case more correction is due time wise every rise will be lower than last one and will be sold out drifting towards 7700-7750 zone...so basically a 100 point breakout/down in the set range is possible so buy in a SIP manner your select stocks for a bounce towards near term highs..Trade accordingly cheers..

WEEK 7TH TO 10 TH OCT WEEK

The week ahead is truncated after the long weekend..7950-8150 could be a range for the coming week beyond / below which a quick 100-150 points move can come..Stocks are correcting hard within the range maintained by the indexes so caution has to be taken in buying week segments or stocks as they may fail hard in falls..Results season starts soon so look at investments in sudden falls..enjoy the trades cheers

WEEK 29th SEPT TO 3rd OCT

Markets just about crossed the range given last week to dip towards and break the lower range set over the past few week during the settlement period last week..Despite the opening dip on friday , the week ended with good gains to close at the high of the day..The capitulation was there to be seen in all stocks across the board except a few sectors..The range of 7950 is breached and w/o cues more can be in store in coming weeks below 8000-7950 zone..we took support at 50 SMA 7884 (NF) zone twice in 2 days ..any close below this levels can take us towards the targets of 7700 around..Keep booking profits or sell on these bounces your long positions on 1st sign of weakness..will still look at 7900-8100 as a range now ..enjoy your trades cheers

WEEK 22ND SEPT TO 26TH SEPT

Markets broke the range on the lower side to drift to firmer supports around 7950 (NF) to once again bounce back to 8080 and above zone ..Buying emerges at lower levels but if it fails to cross 8200 top in the next 1-2 weeks chances of a deeper correction may open up..Events about India and global cues keeps restricting falls and the bounces remain fast furious..7950-8150 remains a range and a close above/below this range for a few days will signify the next leg of the market ..till then enjoy the trades..cheers

WEEK 15TH SEPT TO 19 TH SEPT

Markets are still in a range of 8080-8200 ..consolidating waiting for cues to move forwards or backward ..Correction is due and in case in the next few days if it does not cross the recent highs , a possibility of correction may start below 8050-60 due to domestic or global cues..rotation of stocks is going on in this consolidation stage..Trade cautiously with strict stop losses till then..enjoy the trades cheers

WEEK 8TH SEPT TO 12 SEPT

Markets kept in   consolidating mode in a range now higher than previous weeks..Slowly steadily markets have been making higher lows higher highs ..after crossing 8050 threshold its moved towards 8230-8250(NF) or beyond targets ..supports now lies in 7980-8000 zone break of which takes us deeper towards 7850 zone..cross of 8200-8250( resistance zone) and stay over it for a few days will open the markets towards targets of 8500 and beyond..keep strict sl below 7980 for reversals..enjoy your trades cheers.

WEEK 1ST TO 5TH SEPT

Markets settled at the top in the truncated week ..The targets of 8050-8250 zone still remain pending and supports have now moved upto 7840-60 zones ..Markets are moving slowly now with some good news pouring and may creep up towards the targets given above..The churning in portfolios is keeping the index from falling suddenly as one or the other index comes to the rescue when selling starts. DEEPER SUPPORTS are now in range 7200-7500 which markets may  touch once correction starts and we stay below 7840 zone for a few days..Till then enjoy the ride till targets achieved with strict stop losses on your favorite stocks or index..enjoy the trades ..cheers..

WEEK 25TH TO 28TH AUG.

Markets consolidated in a small range last week to break out on the upside over 7900..Non relenting stocks do keep moving higher but only select making new highs and rest not even able to touch recent highs..Index traders are getting opportunities to enter on dips for trading..Targets of this current trend are towards 8050-8250 while good support now lies at 7800 zone..Watch and trade that in this settlement week ..enjoy your trades cheers

WEEK 18TH TO 22ND AUGUST

Markets still in range of 7500-7800 without breaking IN/OUT from last few weeks..It shows  thats it is still consolidating and not finding any reasons for and big move..The same can change suddenly w/o assigning any reason due to domestic/global cues..Traders have been rewarded so far but one of these days we may not rise again so BUYS should have strict SL in coming days..Be in your favorite stocks in  SIP manner in case you want to carry your trades and book profits when it is  are there ..enjoy your trades cheers.

WEEK 11TH TO 14 AUG

Truncated week ahead with a dip last week which shook the bulls a bit.....Makes a good potent trading week ahead..7550 was a support zone below and 7700-20 will now be a resistance for this market..Breakdown or out will be about 150 points ..Deeper corrections are the need for the markets and will depend on liquidity and global situations..Invest in SIP manner or be a plain trader in the coming weeks ..enjoy the trades cheers

WEEK 4TH TO 8TH AUGUST

Markets again moved in the narrow range of 7600-7800 w/o breaking in/out of this range..Range break now seems over due and has to be over 200-250 points..Churning in stocks is being seeing with severe cuts in stocks not showing  good results..for the coming weeks wait for good dips to get in or just keep trading your favorite stocks or index in the range given above with strict sls..enjoy your trades cheers..

28th JULY TO 1ST AUGUST

Settlement week is on us..The markets are still range bound ..now BTW 7600-7800...beyond 7850 a target of 8050-8200 is pending and a retest maybe of 7500-7550 maybe there...in case of break of  the above mentioned range..do wait for some deeper dips to get into your favorite stocks..Till then trading is the best way..cheers

WEEK 21ST TO 25TH JULY

Week before the settlement of this long month of futures trading Markets have been in range of  still  7500-7700 ..seems either side there is no cue available for breakdown or breakout as results season is on..The trading range is same 7500-7700 +/- 150-200 points either side..Trade accordingly and wait for deeper dips to get in once again in your favorite stocks ..till then be a trader..cheers

WEEK 7TH TO 11 JULY

Markets are moving into the BUDGET WEEK...as written last week we moved into the higher side of the 7500-7700 range..in case markets  stay over 7750 for a couple of days the Breakout expected over the the last leg of this up move will be in progress..towards 8200-8500 zone..Caution though is advised with strict stop losses for your profitable positions in case we run/gallop up again..Break downs may lead us all the way back to test 7200-7250 zone in case 7480-7500 zone is breached..enjoy your trades cheers..