WEEK 24TH TO 28TH OCT.

Being a truncated & festive week the ppl. should be busy enjoying the festival of lights after settlement tomorrow..Europe will decide the future of the market trend this week when we are enjoying the festival so after mahurat trading the friday opening will tell us abt. the breakout/breakdown..5100 is the S/R of the coming week with a range 5230-4930 beyond lows/highs of last week..This is one opportunity for market to cross 5200 and breakout..cheers
HAPPY DIWALI

WEEK 17TH TO 21ST OCT

Markets expanded on global cues to surge ahead to retest recent highs made.Many missed the buy on dip..as conditions were not comforting..Well thats what stock markets are all about..sudden reversals catching masses on the wrong foot..We will head again to the resistance of 5180-5220 zone cross & close of which will signal bear covering..5060 is the S/R zone with a range of 4900-5200,+/-150 quick points ..Keep booking your profits for stocks bought at lows..The next 2-3 weeks are crucial for short term trends to unfold..enjoy your trades .
cheers

10th TO 14th OCT

Markets have been range bound for some time now with a downward bias..Global cues are still shaky & a classic capitulation has still not taken place world over..We have been correcting now for 11 months.. Breach of 4700 and close below it will be the first signal of the final plunge in the coming weeks/months..So trade with care.specially in FNO positions...4860 is the S/R for the coming week with a range of 4650-5050..Nip into stocks you like on dips..enjoy the trades..cheers

WEEK 3RD OCT TO 7TH OCT.

Markets last week were on a roller coaster ride with news flowing from all around..Good times for technical traders..We are still in the woods and the nervous energy keeps hitting us with the volatality..going forward the quaterly range should be about a 1000 points and the coming months range should be around 450-500 points..
Trade inthe coming week will be less due to the festive mood all around..Trade on dips maybe with smaller quantities and let the market move towards the results season..pick and buy your favorite stocks in dips..4900 is the S/R area for coming week with a range of 4800-5000 +/-100 points..Trade with care..cheers & happy navratras/dussehra.

WEEK 26TH TO 30TH SEPT

Markets sunk once again due to global cues..World is in a financial turmoil & indian leaders are also not able to do things right..Choas and Mayhem continues..Trading for coming time is for technical savvy and nimble traders till calmer times come..otherwise select stocks in down days can be picked as investment for future..4950 is S/R for the coming Week..with a range of 4700-5100, +/- 150 points in sudden moves..
for the coming time of volitality
Dont just sit like a diety in numbness if your trade has gone wrong ..GET OUT and cut ur loss quickly..
enjoy ur trades cheers

WEEK 19TH SEPT 23RD SEPT.

Global cues drove our markets last week along with RBI etc in India..the market is ranging btw 4900-5200 & a break either way will give a quick fire 150--250 points either way..5050 is the S/R for the coming week with a range of 4950-5230 ..There are still no great cues for markets to surge forward and next weeks US QE 3 decesion may be the last of the info for global markets , otherwise the range trading will persist till range breakout does not take place..Trade the range..
cheers

WEEK 12TH TO 16TH SEPT.

Markets moved well over the week and did its target of 5175-85 zone..it failed to cross the 5225 zone which was keenly watched and expected by many..The sudden jerk on the weekend was expected as profit taking is must in a upmove..4980-5000 zone should hold in the coming days failing which we may be heading to retest the lows or drift lower on global cues..4880-5220 could be the range in coming days..do keep strict SL's . for any longs initiated in the fall ahead..enjoy your trades ..
cheers

WEEK 5th SEPT TO 9TH SEPT.

Markets gave the smart recovery from the very oversold conditions moment it opened above 4820 mark of S/R of last week..Global cues are still not good and we almost touched our targets of 5100 around zone..4980 is the S/R of the coming week with a range of minimum 4870-5150..+/- 100 points..Breach of recent lows will lead to further damage of sentiments for a capitulation like situation..wait watch and keep booking your profits for the coming few weeks ..trade light..
cheers..

WEEK 29TH AUG TO 2ND SEPTEMBER

Markets finally showed their hand and capitulated towards 4700 the support zone for the time being..somewhere in the 100-200 points markets should make base, if its already not done so ,and then start the process of consolidation for a peroid of time..ie go sideways for sometime in a range to forge ahead sometime later in the year..4820 could be the S/R of the coming week with a range of 4650-4900 or 100 points over below that..Do some medium term buying in your favorite stocks and hold..traders be nimble and fast..enjoy the trades..
cheers..
No QE 3 for now and end of Anna jis fast could be positive for us..lets hope Govt. gets down to the serious business of governance which reposes faith in the FII's to come back and invest in INDIA..

WEEK 22ND AUG TO 26TH AUG

Markets moved towards the lower end of the band in this phase of correction..47-4800 is a base from where a short term bounce is expected to ease the oversold position..4930 is the S/R for the coming week with a range of 4650-5050 ..Do pick some of your select stocks for medium terms..Long term investers can keep picking in dips as the levels slowly are becoming attractive..Happy Janamashtmi & Trading
cheers

WEEK 16TH AUG TO 19TH AUG

Markets are completing their correction / consolidation ..US europe Asia has seen some bounce ..5100 seems to be the threshold level for us below which we may retest the bottom at 4950 or cross may take us to 5220 range..break either levels will give a quick move of 100-150 points..Some adding in portfolio for medium term is desired here ..more added on dips..rest to be traded..lets see where the range settles..enjoy your trades..
cheers.

WEEK 8TH AUGUST TO 12 AUGUST

Hope my views last week would have helped all who are visiting the blog...Had suggested being very light and play the direction as technical indicators were giving contra moves ..Well markets shrugged off all the gains and now is moving towards the serious business of evaluation and business ahead..Things still are not looking good due to US downgrade.. 4700-4800 zone which has not been tested for sometime , is still waiting..Break of that zone will mean LONG TERM bulls will liquidate.....Watch the events unfold next week closely..Falling and Rising markets have no levels..5000-5050 and 5330-50 is a watch zone in coming times..Easy money will fly the nest as it is scared..Trade light or stay away if you are weak heart or nibble lightly in your favorite stocks if we tumble down..enjoy your trades..
cheers.

WEEKLY 1ST AUGUST TO 5TH AUGUST

Markets are awaiting the news from US to make the next move..The indian & european news are already taken care off..there is nothing much to cheer the markets otherwise what with higher interest rates and bad governance & political problems here..Monthly S/R stands at 5570 with a range of 250-300 points.. The coming week too seems to have a S/R of 5550 with a 200 point range either way..Markets are doing their time corrections in a sidways range bound way and maybe the next move will be decesive for coming time..Be very light in the coming week/weeks and play the direction..enjoy the trades..
cheers

WEEK 25THJULY TO 29TH JULY

Markets gave a breakout again last week over 5600. 5600-5610 is the S/R for the coming week with a range of 5550-5750..Breakout/in can give a quick 100-150 points..This week is laden with news and heavy weight results so trade light ,in direction carefully..World cues could guide our markets too so keep an eye there..enjoy your trades..
cheers

WEEK18TH JULY TO 22ND JULY

Markets dipped to around 5500 as mentioned last week here by me to take support and start consolidation again..Breach of 5500 in close will dip markets by 150-200 points quickly..5590 seems to be the S/R for the coming week .Buy in dips should be remembered and action taken accordingly..Global situation is not good & indian fundamentals too are taking a beating..Keep your eyes open while trading so as not to be caught sleeping..5350-5850 is the range for the coming weeks..trade accordingly..cheers