WEEK 18TH TO 23 RD APRIL.

Markets after a small dip resumed its upward journey towards 7950-8000 (NF) zone..It is now touching the downward weekly channel from the top of 9191 made in MAR 2015.Daily RSI is showing divergence so caution should be observed..book your profitable positions and wait for sharper deeper dips to buy7500 now holds a strong support above 7250 zone..cheers

WEEK 4TH TO 8 TH APRIL

Markets had reached the 7750-7800 zone and are stuck there now for some time ..what next..strong supports lie now at 7250 zone below 7580-7600 zone..cross of 7800 zone will propel markets towards 8050-8150 zone.. Buy in good dips should be our policy and profitable positions should be booked ..trade accordingly cheers.

WEEK 14TH TO 18 TH MAR

Markets have been trying to cross and stay over 7550 (NF) zone in the last week. 7400-7450 was the support and once we cross the threshold we will head towards 7750-7800 zone..below 7400 the dip will be quick towards the breakout zone of 7250-7300.. trade the zones accordingly and keep booking your trading profits but wait for good deeper dips for investments entries in your select stocks..cheers

WEEK 8TH TO 11 MAR

Markets crossed 7350 easily to move towards the next target of 7500-7550..Markets have been rising fast furious in the last few days and the dips been very low, catching the weak bears ..A dip will be there in the coming days  for profit booking before it resumes the up move..In this long slide the markets the markets have been making lower highs and lows and for the first time we made a higher high..the higher low has to be made  for the markets to declare a respite for this  fall..7250-7350 is a good support zone and over 7550 we may  head for 7750-7800...do book your profitable trading positions and keep buying quality stocks which are available at attractive prices. cheers

WEEK 29 FEB TO 4 TH MAR

Markets could not stay above 7250 and dipped to test the lows once again.We have the budget next week and depending on the news there a test of 7350 in case we cross 7200 and stay over that or break of 6850 ( NF ) in case if disappointments..wait and hold for a day to know the direction of the markets before taking your investments or trading bets ..enjoy the trades cheers.

WEEK 22 ND TO 26 FEB

Markets enter the settlement week now with 7200-7230(NF) offering resistance..cross will take it towards 7330-7350 zone , break of 7100 takes it to 7000 zone or below.Markets are not getting much clues and may be range bound till the budget this month end for any defenite move in march. technical traders should utilise this opportunity to trade the overbought /oversold trading zones in the range bound markets..enjoy the trades cheers

WEEK 15TH TO 19TH FEB

Markets broke all supports last week to plunge down to pre 16th may levels.Global and local cues triggered the move.Its said the bull markets have no resistance and bear markets no supports. 6869.75  level  was a top from where  we dipped in may '14 to start the rally towards 16th may top of 7563.. as markets are over sold a rise towards 7550 levels in the next few weeks is possible and then a retest of bottom or below..short term 7150 -7200 will be resistance to cross. your select stock buying should have begun with the panic of the last week to be held for a year or two for long term gains. be nimble in your trading and do start your stock selections in SIP manner over the next few weeks etc..enjoy the trades cheers

WEEK 8TH TO 12 FEB

Markets broke the 7450 support to retest the bottoms @ 7233..Halted at 7377 (NF) to turn around towards the tops made recently at 7607.Asian markets closed next week few days for CHINESE NEW YEAR  , thus not giving much clues.cross of recent highs takes us all the way to 7750-7800 and break of 7400-7380 to a new low..trade accordingly cheers

WEEK 1ST FEB TO 5 TH FEB

Markets slowly crept up from the lows it made at 7233 to move towards the  1st target of 7580-7600 after which the in case it stays over this zone for a few days the target is in zone 7700-30(NF).7800 zone will offer stiff resistance and 7480-7500 zone some good support. profits should be taken of your SIP investments trading stocks and trading positions should carry strict stop losses. enjoy the trades cheers.

WEEK 25 JAN TO 29 TH JAN

Markets did halt this week to bounce  up a bit from their oversold positions..Time will tell if over the next week or two we do not break the Low made at 7241(NS). Below 7350 , 7000-7150 now offers a good support and 7500-7550 will offer some resistance.cross of this level can propel us towards and  7650 levels and above  . Trade accordingly and keep booking your trading positions..cheers

WEEK 18TH TO 22TH JAN

Markets still running in the downward slide with every rise being sold in with a volatile markets here and globally.It did attempt a higher high/low in the intraday charts but that failed on the last trading day again.Markets are giving good opportunity to buy your select index stocks at great buy levels. Levels to watch below are 7350-80 below which 7150 may be a good support..any run up now has to cross sustain over 7650 for a few days for markets to move towards 7850 around. Trade this zone till a semblence comes to the markets..cheers

WEEK 11 TH TO 15 JAN

Markets broke the low of 7700-7750 to head lower towards the recent lows made.It just managed to stay over the low by a whisker this week. SGX nifty in morning is showing a breakdown till 7500 or below for start of this week. we are oversold , dip into your favorite stocks in these dips for a bounce back towards 7800-7850 range..7450-80 should be a good support zone below which we head towards 7250 zone..cheers

WEEK 4TH TO 8TH JAN

Markets have moved up slowly towards the last high 8005(NF) , making a high of 7994 yesterday.a close above 8020  for a few days can easily propel markets towards the 8120-8260 zone in steps. a drop below 7950 zone can take us to 7850 and 7760 zones app. negative divergences have appeared in some indicators warning us to keep strict stop losses. do book your profitable positions as we go up and wait for good dips to get back in.cheers

WEEK 28TH DEC TO 1 ST JAN

Markets are moving in a narrow range as holiday season has ticked in and volumes have slowed down. next week is settlement week  so some volatile movement can be expected..7800 NF seems to a support below which a retest of 7700-7720 can be done. over 7900,  7950-7980 could be a target, though markets are struggling around 7850/60 zone. Buy the good dips and book your trading profits when it comes..cheers

WEEK 21ST DEC TO 24 DEC

Markets almost  moved in the range as projected last week. taking support at 7579 nf it moved towards the higher end 7864 nf. after crossing the PIVOT of 7690.hope profits was booked at the top last week. 7700-7680 again happens to be a decent support for the next leg up towards 8050-8100 , failing which a retest or break of lows can be seen in the coming weeks. buy the dips mantra should be working for traders and for long term SIP buying in their favorite stocks..enjoy the trades cheers.