WEEK 6TH JAN 10TH JAN

Markets welcomed the new year by crossing the recent top to close between 6400-6430  and then dipped towards 6220 as had been written last week..As we are moving into the result season soon volatality will be there to stay..6220 was held last week in close so any close below it will take us in the 6080-6120 support zone..resistances will come in 6340-50 zone now and decesive close over 6430 in the coming weeks/months only will propel markets towards 6900-7200 zone.. keep trading till then..cheers

WEEK 30 TH DEC TO 3RD JAN 2014

Markets have completed this settlement on the positive side but is still in the range as mentioned last week...Crossing 6220 we again are heading towards 6400-6430 range failing which we retest 6220 and below towards the recent lows of 6151(NF)..Volumes may be less going towards the new year so book profarits and trade light and wait for good dips to get in again..enjoy the ride.. cheers

WEEK 23 TH 27 DEC

Markets have been quite volatile this last week based on events  but the range is still 100-150 points and much lower than the recent highs made..Where are we headed now for the year end...As written before 6220 & above takes us over 6320 towards 6400-6430 zone..Do keep booking your profits as we climb up and see the trades from there if we cross and sustain above highs for a week or so..below recent lows 5950-6000 should be retested and gives some opportunity to reenter stocks again..cheers..

WEEK 16th to 20th Dec

Elections came and went..Markets gave the Flip up and Settled & then quickly corrected down ..As written we did reach around 6500 but failed to sustain to move  the markets higher..The reversal is for the complete move starting from 6000...6220 again is a crucial S / R  level to watch next week below which the correction goes deeper..6300 is a resistance zone over which 6420-50 can be tested again.Do buy your select stocks which have again corrected well for a move up to retest tops again after this correction is over..enjoy your trades ..cheers

WEEK 9TH TO 13TH DEC

Markets held the 6180-6200 (NF) to gallop up on election news..So what next..??? Markets again have retested the tops as was written a few weeks back when we were at 6000 zone...Technically the markets are at lower tops , failure to cross in the next few days /weeks will set in a correction which could be longer lasting if recent lows are broken..taking us to 200 Dma Cross of highs can technically take us towards 6800 if we stay over 6450-6500 zone for a week or so..6220-50 is the  S/R zone 

For rest enjoy the election results and  the  roller coaster ride on MONDAY ..if any ..enjoy your trades and keep booking your profits as we rise ..cheers

Monthly December Weekly 2nd to 6th Dec

Markets again followed the footprint as projected last week in my post..We held the lows and crossed the consolidation zone to edge above 6220(NF) again..This month of DECEMBER ,6180-6200 will be the watch zone with at least a 200 point +/- range..For the coming week 6100-6300 is the trade zone with S/R at 6200..Do book your profitsas we move up or stall and wait again for good dips to get in as coming days will get volatile as results of assembly polls approach..enjoy the trades cheers

WEEK 25TH TO 29TH NOV

People following this blog would have got it right in the last few weeks the markets movements..It was clearly advised of a app.  Diwali  week top..then a correction..an oversold positions rebound ..followed by another fall..The markets followed the script perfectly till now..

Now what next???? In case the last weeks Low is held in the coming week the markets will attempt 6220 again and cross of this zone the recent top of 6383(NF)..Failure can take us to 200 DMA at 5850 around at least , below which a deeper correction can start..5990-6120 could be a consolidation zone for the market in the coming week etc( do keep in mind the settlement week volatality..).. ..so trade that..Do buy your select stocks for trade..enjoy the trades cheers

WEEK 18TH TO 22ND NOV

Markets made the temporary  bottom last week to give a run in to the oversold positions of the last 8 days ..A few more days of up move will be healthy for the markets after which the next leg down could start..6220 is the watch zone +/- 100-150 points breakout/down from here..Trade accordingly..cheers

WEEK 11TH NOV TO 15TH NOV

Markets after making a Diwali top went into correction mode as was expected..The first leg of correction could be complete , with a reversal next week followed by correction again..Weekly charts again suggest a top in place with a lower swing made last week..The market now needs a Time/Price correction of the last move from 5100 zone..Being a trader who buys dip and deeper wait rewards the brave..6280-6320 should be a good resistance zone above 6220 and 6080-6050 a good support zone below last weeks low..Breakout/In could be 100-150 points from this range..enjoy your trades..cheers

MONTHLY & WEEKLY 5TH TO 8TH NOV

Markets gave a breakout to post a new HIGH at diwali in both SENSEX/NIFTY..So the weekly monthly buy worked out well..ultimate targets for this leg up could be in range 6800-7200 in the coming months year etc etc ..whenever the breakout sustains...For the coming month 6080 is now the watch zone below 6250-6220 zone ..resistance above 6400 could be in range 6450-6470..Do book profits and wait for good dips to get in..Post Diwali is a new year of trading and caution ahead could be the name of the game..Till then enjoy your trades cheers..

WEEK 27TH OCT TO 1ST NOV

Markets have been making higher highs and profit taking sets in..Either the markets are consolidating for another leg up or after making a lower low ..correct as selling has set into the daily charts, though weekly/monthly are still in the buy mode..Watch 6150 for next week with support below 6120 at 6000-6020 and resistance at 6250 or higher around 6300(NF)..Break of thyis range will give a quick 150-200 points on either side..Being the settlement week volatality will be there so trade acoordingly by buying in good dips..Enjoy your trades cheers

WEEK 21ST TO 25TH OCT

Markets are almost spot on towards the initial targets of range 6210-6250(NF)..Some reaction should come from these levels next week towards the support zones as mentioned last week..before any further breakout if it takes place in the coming weeks for the all the time high to be achieved and crossed..Most of the stocks are languishing at lows and the rally taking us to these highs is based on a few select stocks  of the Index.. Traders trading the IndexFutures or Options have enjoyed good gains these last few months & maybe change of stratergy  is required. by people who are missing the rallies etc ..Trade them in coming days /weeks for gains..enjoy your trades cheers

WEEK 14TH TO 18TH OCT

Markets broke the range last week to surge ahead in results start..It had made a classic H / S pattern in daily charts suggesting targets of 6160-6210-6250 (NF) upon breakof 6020 ,which it has achieved partially.. Some more move up is in store if Banking index helps along with Oil and gas..6000-6020 will be a watch zone now..below which will  be the elusive 5820 which held very well last week..Markets always dip, book your profits from last week and wait..Trade accordingly..cheers

WEEK 7TH TO 11 TH OCT

              HAPPY NAVRATRAS TO ALL VISITORS OF THIS BLOG

Markets just about moved in the range given last week with a breach at the top..Beyond next week the results season starts which will have bearing on the markets going forward..Do book your profitable positions in the coming week and start fresh with the results season..Good dips have always provided opportunities to make money..so patiance is name of the game..5820-6020 will the range and break can give a sudden 150-200 points move..Trade accordingly..cheers

30TH SEPT TO 4TH OCT

Markets have been consolidating last week between 5820-5950...Making a I H/S in daily charts ..Break of 5820 zone takes us way down towards 5500-5550 zone to start with and break of 5950 could retest the tops or go higher....Range expansion should take place in the coming truncated week..As the settlement is far off at 31 st Oct..we should get 2 huge moves either side so trade accordingly for good gains in this month..enjoy your trades..cheers