WEEK 16 TO 20TH JUNE

Markets moved towards its target of 7800+ after crossing the previous highs in the last week , but starting correcting immedietly there on after crossing 7700.. supports lie in the zone of 7450-7500 for the targets as given and below this point a correction again towards 7200 zone..high beta stocks correct hard in such correction and one can wait for deeper dips to get back into them..Trade the index stocks buying them in SIP manner nearer to supports..Trade accordingly cheers

WEEK 9TH TO 13TH JUNE

Markets have broken out again after consolidating for a few days at the 7200(NF) zone..a few closes above 7650 ,could propel markets 7800 and 8200 app.which  could be a target in the coming weeks etc..failure to cross the high for the next  few days could bring markets back to 7450 levels and breach of this zone would signal a reversal again for test of 7200-7050 zone..and another consolidation before the budget....profits should be booked or longs carried with strict sl,s as markets spring a reversal surprise unannounced..Trade accordingly..cheers

WEEK 2ND JUNE TO 6TH JUNE

Markets moved in a app.300 points range in the last week closing at the lower part of the range..Selling seem to have started towards the 7100-7150  range..break of this level and close below this for a few days may take markets lower towards 6600-6650 range..moving up the markets may again attempt 7500 if it manages to cross 7350 zone ..hope profit was booked in your investment trading positions and wait for good dips to get in again..enjoy your trades..cheers

WEEK 26 MAY TO 30 MAY

Markets consolidated the whole week in the range set on result day of 7625-7160(NF)..to slowly climb up by close on friday..Swearing in on monday and settlement week  may propel markets towards 7520 zone if it stays over 7380 zone..7800 is also a pending target of this upmove above which we head  above towards 8200-8500 in coming weeks /months..strong supports now lie at 7160-7200 zone below which some serious correction can take place..Do trade and keep booking your profitable positions till the party lasts..enjoy the trades cheers..

WEEK 19TH TO 23RD MAY

Country celebrates a change of government welcoming Shri Modi as the new PM..Markets too celebrated a huge leg up in the morning followed by a decent correction..So what next ??? Euphoria being over markets will have to move back to fundamentals and technicals in the coming days weeks..So back to normal trading..Hope visitors to the blog did book their SIP investments of the last DIP we got..will trade in the coming days with strict sl's as markets may also look to global cues for moving forward..6650 remains a good support below 6900..and a few closes above 7650 only will propel markets towards 79-8200 zone..A correction is due so care at heights and become a trader till then..enjoy the trades ..cheers

WEEK 12 MAY TO 16TH MAY

A very important week ahead for all us participants of the stock markets..12th evening the exit polls start and 16th we start with the results..As mentioned last week the consolidation/break out/down 6650-6850 range worked well..SIP investment suggestion gave good returns yesterday with the index moving app.200 points of nifty benefiting participants both in index and stock investment..NS posted a higher high in the index...( the sudden move came) hope visitors to this blog are in good profits due to above ....so enjoy the ride & should book  what you have in case the markets give a exceptional  run up..keep your SL's strict.enjoy the ride cheers

WEEK 5TH MAY TO 9TH MAY

Markets still making higher high and low..Is it still consolidating.?????Option analysis is showing a build up    of 6700-7000 right now.. expansion can take it to 6500-7200..we have been in the range 6650-6850 for some time  & awaiting  the election results  by mid May..Hope you are accumulating in SIP method your select stocks etc in this correction /consolidation .. in case of markets running away the same can be cashed ..Weak hearts can wait/stay away till the event is over and normal trading starts again..Enjoy your trades cheers

WEEK 28 TH APRIL TO 2ND MAY

The new series started with the correction on the first day of the series..What next???? below the levels of 6806 a sharp tight correction can set in for targets of 6750-6500 ( N F )in the coming weeks ...above the highs of 6860 the markets can attempt a move to 7050 or higher( which are  higher than these levels )...In case of sharp correction select stocks can be bought at support levels partially in a SIP manner..Trade will have to be taken on a daily/weekly basis till the event of 16th May is behind us starting from exit polls start..Trade accordingly..enjoy your trades cheers..

WEEK 21ST TO 25 TH APRIL

The coming week is the settlement for the month of April and also truncated due to holiday on 24th..The market reacted after 3 days correction and may retrace 60-80% of this down move..it was mentioned before also that 6850 is apossible target & cross may  take us to 7050 zone for this rally...In case we fail to cross the high and stay over it for a few days ,depending on global cues a short sharp correction of this whole up move may start..So be a trader for this week and be alert for a fast furious reversal in case when do not make and sustain new highs..Support below 6650 zone will go all the way to 6470-6500 zone ..enjoy your trades cheers..

TRUNCATED WEEK 15TH TO 17TH APL

Markets just about in a range last week making higher hi's again..The week ahead is truncated  so not much again can be expected..markets have reached a good resistance zone of 6850 above which is 7050  zone..below the current lows can test 6700 or 6650 zone..A good correction of this long move time wise also is due so care should be taken as global markets too correcting..the settlement also is early so do trade the trades carefully specially option traders..wait for deeper dips to get into your selected stocks..till then just trade,,,cheers..

WEEK 7TH TO 11 TH APRIL

Markets have been clearing highs almost every day of the last week to make a high of app. 6800 NF..Corrections of just 50-60 points and deeper of 140-150 points have been taking place in this rally of 2 months after which the highs were cleared always to make new highs..In the near future in case the markets decide to make a lower high and the corrections go deeper to start making lower lows..bear in mind that the correction of the whole up move from 5957 zone may have  started..Elections start next week and volatality will be supreme as we come closer to results mid may..so trade with caution to buy good dips and keep posting profits..Booking profits and carrying money home is always a good idea..Trade accordingly..cheers.

WEEK 31 MAR TO 4 TH APRIL

Markets held 6500 (NF) and moved to cross 6550 towards new heights and zipped towards 6700+ zone..FII buying  and DII profit taking is still making markets hit new highs every week..So what next???As per DOW Theory so long as we are making higher highs and higher lows..we will have to keep trading the trend..but caution is required and these are zones by keeping strict stop losses..6900 could be a tentative target beyond 6650..Markets always correct and as of now 6400-6450 now seems to be the base of the market right now as markets did a multi month breakout at this zone..Wait for a good dip for getting in again.(.31 st March NAV for funds will be at tops this time )  enjoy your trades cheers..

WEEK 24TH MAR TO 28 TH MAR

Markets are still in a range bound mode after 8-9 days...Despite FII daily  buy in cash the markets refuse to move up.& cross the 6600 threshold ...Distribution /profit taking seems to be taking place ..Watch 6450-6550 zone as compression  zone  beyond /below which can be a quick 100-150 point move either way..6500(NF) seems to be the neutral zone as of now..Being the settlement week some volatality will be there ..wait for deeper corrections to get in  your select stocks..till then be a intraday trader..enjoy your trades cheers

WEEK 18TH TO 21 ST MAR

Markets halted at the 6600 zone NF for a consolidation/profit taking..Trade ahead has to be with strict SL at the last weeks low or below around 6400-6350 ..failure to cross 6560-80 zone deceisively in the next week will be reason for BEARS to come into play.and a cross /close above 6620 for a few days will signify a good breakout...As next week is the settlement week so a range bound trade may be in offing and beyond that the political /global events can take over..Do wait for sudden good dips to get into your favorite stocks again..Markets always correct and will correct now also..Take your call..cheers and a VERY HAPPY HOLI TO ALL VISITORS TO THIS BLOG..

WEEK 10TH MAR TO 14TH MAR

Markets gave the much awaited breakout with the typical flash range expansion of 5620 low in NF on start of the week..over the retracement of 80% of the 6480-5957 range the markets opened up for a quick run up with targets of 6505-6676..& above...profits should be booked in all positions as we head up with a strict SL around 6500 zone NF..Wait for a dip to trade this rally enjoy the trades... cheers