WEEK 15 TH TO 19TH JUNE

Markets after retesting tops around 8500 zone twice corrected to break the Low of 8020 -8000 in the last week clearly indicating that this is the timewise/pricewise correction of the last rise til 9191 (NF)..7600 was the 16 May '14  top made and in case we break 7900 we may head there to breach this high..8500-8350-8150 now remaijn key resistance areas in the coming weeks above 8020 zone. Buy into your select stocksi n a SIP manner and keep booking profits near resistance zone..enjoy your trades cheers.

WEEK 1ST TO 5 TH JUNE

Markets  made a top last week to quickly break 8450 levels to head to wards the projected 8300(NF) zone. Its made a higher low from 8020 made early this month ..Next week we see whether we make a higher high towards the target zone of 8500-8550 or a little higher.8360-80 is a important support zone to watch for a move over the recent highs next week besides the RBI POLICY..be light around the events....trade accordingly and keep booking your profits .enjoy the trades cheers. 

WEEK 25 TH TO 29 TH MAY

Markets after moving in a range broke out to hit app 8500-8600 the top of this range for the time being.strong support lies at 8350-8300 and resistance at 8550-8600..8450 can be taken as the breakout/in point for the coming week..trade accordingly for the settelemet week cheers

WEEK 18TH TO 22ND MAY

Markets are making a higher low and a lower high in the last week..the range is narrowing despite of huge volatility through the  week..This could be a prelude to the breakout of the range in the come week or so..8150-8300 seems to be a range right now( +/- 150-200 points for a small breakout/in)..keep booking profits in this range..7750-8750 is the outer range for the time being.enjoy your trades cheers

WEEK 11TH TO 15 MAY

Markets gave a flip up from the lows but failed to sustain over 8300 to break the lows towards 8000 nf..Reversal again was sharp as buyers came at these levels..This seems to be correction of 7750-9191 range of the market..The next dip if the low holds has to be seen for any sembelance for a move up otherwise every rise has been ending in a sharp fall. watch 8310-8350 zone for any resistance if we keep moving up 8100-8136 should lend support for a up move..do book profits or keep strict sls for your long trades..cheers

WEEK 4TH MAY TO 8TH MAY

Markets have been drifting down from last 8 weeks from 9191(NF) and made the lowest last week at  8136 nf..which is app.88% from the rise of 8007 nf.. price wise and 62 % timewise (weekly). Can it drift further down...why not?? but any drift further can take markets  all the way to 7700-7300 zone.. Possibility of a reversal is there in case we cross and stay over  8220 for a few hours.and over 8300 for a few days..towards the last high.made.. trade accordingly..enjoy your trades cheers

WEEK 27 TH TO 30 APRIL

Markets showed their weakness by tripping right at the start to head towards the recent lows made and broke them twice last week. when large institutional buyers book profits there is no stopping the drift low.Had mentioned this a few weeks back that we are finishing 13 months of ride up and should brace for corrections in coming time..For this trend to reverse watch markets make a higher high and low in coming days weeks for some reversaL..8460-80 & 8220-8200  is the LEVEL to watch next week ..Below it the drift continues .Stil buy your select shares in a SIP manner so that profit can be booked on sharp reversals which markets always gives..enjoy the trades..cheers.

WEEK 20TH TO 24TH APRIL

Markets crossed the threshold of 8850 briefly to reverse voilently breaking the 8780( NF ) zone  to head down for retest of the lows..8550-8600  seems to be a support zone below the last weeks low where markets can halt, consolidate for a relook upwards , failing which possibilities of breach of recent lows emerges strongly..if this correction continues then 8000 or lower can be tested below the lows made recently.Stay above last weeks close for a few hours may give a fillip up to the market watch that zone and trade accordingly. cheers.

WEEK 13 TH TO 17 TH APRIL

Markets crossed the threshold of 8650 to move towards the target zone of 8800-8850 zone. 9050-9100 or maybe a new high soon now could be a target if we cross 8850(NF) and stay over it for a few days ..Breach of 8750-8720 zone will take us all the way to retest the recent bottoms made or lower still. RESULTS  start next week so keep booking and watch 8780 for any reversal signs.. enjoy your trades cheers

WEEK 6th to 10 APRIL

Markets held the bottom made recently and moved quickly to cross the resistance of 8550 towards 8650-8700 (NF) zone.Is it the end of the correction..Only the retest of lows and the coming result season will tell what the markets have in store for us..Below recent lows 8000-8100 zone offers strong support and above 8650, 8800-8850 is a strong resistance..Markets may remain range bound in 200-300 points till the results and then taking a cue from there start the new journey..Keep trading the buys of the good dips you get..enjoy the trades cheers

Truncated Week

The week ahead is truncated so may be range bound. The previous week broke the lows to move quickly to the lowest levels showing this correction is for the rise starting from 8000(NF) till 9191..Markets have corrected well and this can go on further for some time wise correction .8550 now seems a big resistance if we spend more time below that..The correction is spread across segments of stocks.Select good stocks can be picked in a SIP manner over time for a move up..Long back had mentioned that the target of markets is about 9200-9250 above 9050 ..we just managed there before a good correction set in..Below 8000 persistant stay may drift this markets towards the target of 7300 zone..enjoy your trades cheers.

WEEK 23 RD TO 27TH MAR

Markets moved in the range the whole week btw 8650-8850(NF) as had been written to consolidate and finally dipped towards the major support zones at 8500-8550 levels..WHAT NEXT ?????? well 8450-8500 could be a near term target if the low of friday is broken otherwise we Head towards 8850 again for the settlement. a move above that will tell that a near term bottom is in place for testing the tops again..Trade accordingly and keep booking profits at the resistances as they come for rebuy in dips.enjoy your trades and HAPPY NAVRATRAS..CHEERS

WEEK 16TH TO 20TH MAR

As written last week the Markets broke the 8900 levels of support to move towards 8600(NF) zone on friday..So we are near the support zones now.Markets will need some cues or props to move up otherwise will consolidate here to finish the time wise corrections and maybe drift a bit more down..Keep trading in the coming week and buy your favorite stocks for trades now...Breakout for markets will be over 8880-8900 ..keep trading the 8650-8850 zone.. enjoy your trades.cheers

WEEK 9TH TO 14 MAR

Had written in the last few months repeatedly that markets are targeting 9200-9250 (NF) in the coming weeks so dips have to be bought..Hope readers of this blog enjoyed the ride..The dip was severe due to profit taking on the gap up but stopped at crucial supports repeatedly. What Next???below 8900 a good correction can take us all the way to 8500-8600 zone in case we fail to cross the recent high made..Cross of high targets 9350-9500 zone initially and over 9800(NF) in a few weeks/months. Time wise we are completing  a cycle so caution has to be taken in your longs and profits should be booked here or as we rise..enjoy the trades cheers.

WEEK 2ND TO 5TH MAR

Markets have crossed the 2 hurdles of settlement and budget to close at a near term high..What next..markets have to consolidate here to absorb the budget and see forward from there ..the range for trade now is set at 8700-9050 (NF)..a break either way will take markets 150-250 points either way. Markets have been up and going for app 12-13 months..failure to make NEW HIGHS will not augur well for the markets and the long expectation of a good correction may set in..Do book your profits as we rise and wait for good dips to get in again..enjoy your trades cheers