WEEK 25th to 29th JUNE

Markets have hown strenght in the last week by holding on to 200 DMA supports despite global bad news and drop downs..it recovered from the  intraday falls ..The week ahead could be decesive one on news flows ..Anyhow 5126 is the S/R for the coming week with a range of 150-200 points..Markets could be volatile due to settlement week too but with a positive bias..watch 5090 in close for any weakness and close over 5200 for a breakout..enjoy your trades cheers..

18th to 22nd JUNE

The bias of upward momemtum worked and markets moved to 5150 zone despite bouts of correction waiting for the big events to happen in the coming week..We r now back to 5175-80 zone once again ( this is the break/out down zone of the past many times..)Watch this area closely in close..a few closes above this can take us all the way to 5400-50 zone in coming weeks..Failure to stay above this and close below 5090-5100 will spell weakness in the days ahead and a deeper correction can be expected thereon...Trailing SLs should come in play now for  what was bought below..so it can be rebought in dips again..enjoy the ride..cheers 

PS: Markets have been rewarding the brave traders with a plan..

WEEK 11th to 15th june

Markets did the classic DIP & Reverse pattern by retesting the bottom and turning..Cross of 4880 with gap up has brought the markets at the top of the range in the 5100-5150 zone..4980 seems to be the S/R for the coming week with a range of 4850 to 5290 app. As we move up in the coming week brace for volatility bouts of profit taking..But overall as daily and now weekly indicators are also turning up after so many weeks the bias would be up in the coming times so use the dips for buying back your favorite stocks in which your are booking profits..enjoy your trades cheers.

WEEK 4th june to 8th june

Markets moved up to cross the 4950 zone  but failed to cross the 5020 threshold for 5150 plus zone..It collapsed after the settlement on friday due to Rupee pressure and global cues..IT will be testing the recent lows made in the coming week ..Failure to hold that  or 4700-4720 zone will sound the alarm bells for deeper correction as global cues too are not condusive..profits booked higher can be redeplayed again on SIP basis on the ongoing correction for medium to short term gains..4880 zone is a watch zone again with a range of 150-200 points cheers.

28th MAY to !st JUNE

Markets are moving to make a base with the volatality shown in the last week.Tech savvy traders would have benefitted from the market swings ..Markets are at the crucial breakout zone of 4940-50 for 5100-5150 zone..Failure to sustain the break out may take us back towards 4820-4840 zone for supports..Watch the INR/USD for cues next week..strong rupee may propel the markets northwards..
4880 is the S/R zone for the next week with a minimum range of  4750-5050..enjoy your trades cheers

WEEK 21ST TO 25TH MAY

Marktets did the trick ,went spot on to thesupport of  4780 zone and did a classic dip & reversal pattern..Followers of this blog would have surely benefitted by buying in the panic bottom and the rise thereafter....Technicals help you remain with the trend. For all  who still have not entered the world of market technicals will request them to put your foot in.    So what next now ..??

If this reversal continues we should move towards 5000-5150 zone at least in the coming week..4870 seems to be the S/R of the coming week with a minimum  range 100-150 points ..enjoy your trades ..cheers

WEEK 14TH TO 18TH MAY

Markets are testing supports at 62 %  retracement of the dec-feb rise ..Failure to hold this takes us all the way to 78% retracement or 4780- 4800 zone..So what can be done..Well use this opportunity to get your foot in again into the markets..Buy your favorite shares for short to medium term in a SIP manner based on your risk appetite..Professinal traders should trade with the Technicals in the direction of the markets with strict stop losses..Good quality shares are available today at decent prices..keep some capital for a sudden capitulation day..4990 seems to be the S/R of the coming week with a range of 200 points either way..enjoy your trades cheers.

NIFTY CHART

click the chart for bigger view.

The above chart shows the resistance and support of the complete move..4950 seems to be the support below which it can be complete retest or break down of the total move up from december..cheers

WEEK 7TH TO 11TH MAY

Markets gave the classic jerk from resistance zones to break the lows and close below 5134 support..The rise from december lows is now being retraced to fill the correction..5080-4770 is the support zone of this correction..some amount of capitulation has taken place on friday..Buy in dips in a SIP way could be the way forward from here..5160 seems to be the S/R for the coming week with a range of 5020-5250 as a possible inner range ,+/- 100 points..Trade accordingly..cheers

WEEK 30TH APL TO 4TH MAY

Markets remained sideways consolidating with sudden dips..5135 ns in close is still being maintained..Weakness below this level..5250 ns levels is emerging as a possible resistance zone with close above this helping the bulls..5275 nf seems to be the S/R of the coming truncated week with the range of 5150-5350..Global markets are showing strenght and may be heading up for the last hurrah before some correction sets in there..Trade the dips well to be on the right side of the trade ..cheers

PS :will try to post some charts during the week

WEEK 23RD TO 27TH APRIL

Markets are having a sell deluge every friday which causes sudden dip and panic...no reason so far assigned by anyone on the sudden intraday dips..5300 seems to be the S/R area for the coming week with a range of 5150-5450 ...Being the settlement week volatality will be there thus moves could be large and sudden..trying buying intraday dips and sell the intraday highs ..Markets have been in a range for a while and this has to break sometime..5230-40  on the lower side and 5380-5400 on the higher side will be the key towards breakdn/breakout for the coming week..enjoy your trades ..cheers

WEEK 16th APRIL TO 20th APRIL

Markets remained range bound last week to close at the lower end of this range of 5200-5400..5250 should be S/R of the coming week with a range of minimum 150 points either way..Buy the dips as per your risk appetite of your favorite stocks for medium term. Traders should watch 200 SMA closely for trades..RBI policy on tuesday could be decesive for the market moves..enjoy your trades cheers..

WEEK 9TH TO 13TH APRIL

Thw long weekend provided all traders a smart holiday much deserved..As last week was small trading range , the range of 77 points could easily be broken this week on either side..As the world is correcting so will we..5360 seems to be the S/R of the week with a range of minimum 100 points..5180-5200 should again give support in case corrections goes a bit deeper..Trade accordingly & buy some select stocks for medium term in this correction..cheers

WEEK 2ND APRIL TO 4TH APRIL

Week ahead is truncated as there are 3 days trading only..Markets reversed from the support zone of 5100 to close higher for the monthly/qutaerly closing...The next month range should be minimum 5700-4900 with weekly S/R at 5250. 5400 should be a resistance and 5200 a decent support ..Trade accordingly and enjoy the long weekend next week ..cheers

26TH MAR TO 30 TH MARCH

Markets did nothing but trailing down towards the support zone of 5180-5200..Trade through out the week was volatile with jerks which probably would have been handled well by technical traders who can trade range bound markets well..The trend has been consolidating BTW 5200-5400..Break of the range would give a quick 150-200 points ..5300 is the S/R zone of the coming week with a range of 5100-5500 ..As this is the settlement week trade in the direction with strict SL's..enjoy your trades..cheers