WEEK 16TH TO 20TH FEB

Markets hit a bottom on the Delhi elections and turned to reverse sharply again over the last week..8500-8550(NF) took the support this time for the reversal..8900-8950 is the key area to watch for the resistance to come back..Budget is after this months settlement and the markets can cross to make new highs in early March..Markets are a tad overbought in this long run of last 12 months..do keep booking your trading positions as we approach the budget and now the stop losses will be about 8500 zone as the next levels deeper are 7900-7300..enjoy the trades cheers

WEEK 9TH TO 13 TH FEBMa

Markets made a top and reversed as was observed in the last weeks posting to move to retest the recent highs that it had made at 8668(NF).. the range where this market can take support consolidate is 8550-8700 below which the drop will be very sharp towards 7950-8000 levels..If 8670 around zone holds expect a good pre budget rally post the DELHI  election results..towards the recent highs or higher towards 9250-9500 zone..Trade accordingly..cheers

WEEK 2 ND TO 5TH FEB

Markets made new highs to do  the target of 9000 and above ..Markets have to retest the recent highs of 8668  nf that it had crossed ..so failure to make new highs and constant breaking of new lows will result in retest of highs..do  book  your longs and wait for good corrections ,to reinvest in your select stocks..till then trade both sides as markets will get volatile in coming weeks..cheers

WEEK 27 TH TO 3 TH JAN

Markets behaved in the projected manner..after crossing the important threshold it crossed the 8600 levels decesively to make the journey TOWARDS THE LEVELS OF 8900(NF) as had been projected a few weeks back and last week too..The crossing of the MACD zero line was a cue for the impeding top..9200 and above remain the near term targets of this run up..Important levels  are at 8670 /8700in coming days..trade accordingly as its a truncated settlement week and booking must be done of holdings..cheers

WEEK 19TH TO 23 JAN

First of all wishing all visitors to this blog  a very happy new year..

So what has the markets been doing in the last 6 odd week ...We had touched a peak somewhere in NOV end which we could not cross for the levels of projections of 8900-9200 range..and we corrected ..a long grilling wind down..We have made 3 tops again after that till last week... but the high of NOV end is still not passed..So what next...MACD daily is projecting a wave up as its crossing the zero line...so a new high in coming weeks is very possible..We have crossed a important point of 8525(NF)..A next cross of 8595 and if market stays above that we will be hitting a new high..8380 and then.8220-8250 is the new support for this markets in correction below which 7950-8000 can be tested again..8500 is your near term SL..enjoy the trade cheers

WEEK 8TH DEC TO 5TH JAN

I will not be posting market view for the period mentioned above ..as I am travelling abroad with my family....in this period

Would like to wish all visitors a very happy christmas and a prosperous 2015...

Will resume posting after i return back to Delhi.

WEEK 1ST DEC TO 5TH DEC

Markets broke out on friday at open above the 8550 zone opening the gates for the 8900-9000 zone in weeks to come..corrections will come on the way but may be shallow as thats whats been happening in the past few weeks..so the range to watch in corrections is now 8500-8550 zone and below this is 8300-8350 zone (NF)..A few segments have not participated in this rally so they may propel markets upwards..Keep booking your profitable positions and be a trader for some time..enjoy the trades..cheers..

WEEK 24TH NOV TO 28TH NOV

This is the settlement week and markets after struggling the whole week made a break out on friday..Will it sustain???? lets see moving forward..watch in coming week or so  closely..8270-8300(NF) is the area to watch in case of any correction now..above 8550 .....8925 zone could be a possible target..The oscillators are all over bought and any corrections could be sudden and very sharp. due to profit taking ...keep your stop losses for longs in place  and also book your profitable positions..enjoy your trades..cheers

WEEK 17TH TO 21ST NOV

Markets have been in a range from the last more than a week of 120 points...As it is not moving up distribution could be taking here..a sudden dip towards 8200 can be expected in case we do not cross and stay over 8450(NF) in the coming days..buy the dip and book profits at the top of the range if not crossed ..cheers

WEEK 10 TH TO 14 TH NOV

Markets crept up towards the targets of 8450 -8550(NF) in the truncated week after staying over 8200 zone..Now this will be a support zone 8150-8200 in case profit taking sets in otherwise we drift up towards the given targets..wait /have patiance for good dips to get in ..till then keep booking profits in your delivery positions as we climb up..Markets are stretched but can keep moving up with the FII inflows which are quite good right now..enjoy the trades cheers

WEEK 3RD NOV TO 7TH NOV

Markets broke the 8100 zone and then crossed recent highs to move higher..This rise has to remain   for a couple of days to sustain..The rise was primarily due to global cues announced in last 2 days..Its a truncated week ahead so nothing much can be expected ..maybe a little profit taking as we go up..8200 will remain a support now till broken in close where buying can be initiated again for further rises..8450-8600 is a app.target of this rise..enjoy your trades..cheers..

WEEK 27 TH TO 31 OCT

Markets rallied to cross the 7950 (NF) zone with gap up in the Diwali week after taking support at the 7750 zone..Break out should face resistance  in this zone of 8050-8100 for some profit booking..another round of consolidation will emerge with 7850-7900 as strong support zone break of which will lead to retesting of the bottom..8200 seems to be the top for a while till it is not breached and closed over for a few days for the next up move..till then book your profits as we rise and buy in good dips..cheers

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