WEEK 27 TH TO 30 APRIL

Markets showed their weakness by tripping right at the start to head towards the recent lows made and broke them twice last week. when large institutional buyers book profits there is no stopping the drift low.Had mentioned this a few weeks back that we are finishing 13 months of ride up and should brace for corrections in coming time..For this trend to reverse watch markets make a higher high and low in coming days weeks for some reversaL..8460-80 & 8220-8200  is the LEVEL to watch next week ..Below it the drift continues .Stil buy your select shares in a SIP manner so that profit can be booked on sharp reversals which markets always gives..enjoy the trades..cheers.

WEEK 20TH TO 24TH APRIL

Markets crossed the threshold of 8850 briefly to reverse voilently breaking the 8780( NF ) zone  to head down for retest of the lows..8550-8600  seems to be a support zone below the last weeks low where markets can halt, consolidate for a relook upwards , failing which possibilities of breach of recent lows emerges strongly..if this correction continues then 8000 or lower can be tested below the lows made recently.Stay above last weeks close for a few hours may give a fillip up to the market watch that zone and trade accordingly. cheers.

WEEK 13 TH TO 17 TH APRIL

Markets crossed the threshold of 8650 to move towards the target zone of 8800-8850 zone. 9050-9100 or maybe a new high soon now could be a target if we cross 8850(NF) and stay over it for a few days ..Breach of 8750-8720 zone will take us all the way to retest the recent bottoms made or lower still. RESULTS  start next week so keep booking and watch 8780 for any reversal signs.. enjoy your trades cheers

WEEK 6th to 10 APRIL

Markets held the bottom made recently and moved quickly to cross the resistance of 8550 towards 8650-8700 (NF) zone.Is it the end of the correction..Only the retest of lows and the coming result season will tell what the markets have in store for us..Below recent lows 8000-8100 zone offers strong support and above 8650, 8800-8850 is a strong resistance..Markets may remain range bound in 200-300 points till the results and then taking a cue from there start the new journey..Keep trading the buys of the good dips you get..enjoy the trades cheers

Truncated Week

The week ahead is truncated so may be range bound. The previous week broke the lows to move quickly to the lowest levels showing this correction is for the rise starting from 8000(NF) till 9191..Markets have corrected well and this can go on further for some time wise correction .8550 now seems a big resistance if we spend more time below that..The correction is spread across segments of stocks.Select good stocks can be picked in a SIP manner over time for a move up..Long back had mentioned that the target of markets is about 9200-9250 above 9050 ..we just managed there before a good correction set in..Below 8000 persistant stay may drift this markets towards the target of 7300 zone..enjoy your trades cheers.

WEEK 23 RD TO 27TH MAR

Markets moved in the range the whole week btw 8650-8850(NF) as had been written to consolidate and finally dipped towards the major support zones at 8500-8550 levels..WHAT NEXT ?????? well 8450-8500 could be a near term target if the low of friday is broken otherwise we Head towards 8850 again for the settlement. a move above that will tell that a near term bottom is in place for testing the tops again..Trade accordingly and keep booking profits at the resistances as they come for rebuy in dips.enjoy your trades and HAPPY NAVRATRAS..CHEERS

WEEK 16TH TO 20TH MAR

As written last week the Markets broke the 8900 levels of support to move towards 8600(NF) zone on friday..So we are near the support zones now.Markets will need some cues or props to move up otherwise will consolidate here to finish the time wise corrections and maybe drift a bit more down..Keep trading in the coming week and buy your favorite stocks for trades now...Breakout for markets will be over 8880-8900 ..keep trading the 8650-8850 zone.. enjoy your trades.cheers

WEEK 9TH TO 14 MAR

Had written in the last few months repeatedly that markets are targeting 9200-9250 (NF) in the coming weeks so dips have to be bought..Hope readers of this blog enjoyed the ride..The dip was severe due to profit taking on the gap up but stopped at crucial supports repeatedly. What Next???below 8900 a good correction can take us all the way to 8500-8600 zone in case we fail to cross the recent high made..Cross of high targets 9350-9500 zone initially and over 9800(NF) in a few weeks/months. Time wise we are completing  a cycle so caution has to be taken in your longs and profits should be booked here or as we rise..enjoy the trades cheers.

WEEK 2ND TO 5TH MAR

Markets have crossed the 2 hurdles of settlement and budget to close at a near term high..What next..markets have to consolidate here to absorb the budget and see forward from there ..the range for trade now is set at 8700-9050 (NF)..a break either way will take markets 150-250 points either way. Markets have been up and going for app 12-13 months..failure to make NEW HIGHS will not augur well for the markets and the long expectation of a good correction may set in..Do book your profits as we rise and wait for good dips to get in again..enjoy your trades cheers

WEEK 23 RD TO 27 TH FEB

Markets moved up towards the resistance zone of 8950 to correct twice..Hope visitors to the blog were able to book their profits to reenter again at lower zones..Budget is just a week ahead and settlement may take us to a new high or beyond if we stay over 8950-70 zone for a few days..8800(NF) is emerging as a support zone now..keep trading and booking your profits..enjoy the budget cheers

WEEK 16TH TO 20TH FEB

Markets hit a bottom on the Delhi elections and turned to reverse sharply again over the last week..8500-8550(NF) took the support this time for the reversal..8900-8950 is the key area to watch for the resistance to come back..Budget is after this months settlement and the markets can cross to make new highs in early March..Markets are a tad overbought in this long run of last 12 months..do keep booking your trading positions as we approach the budget and now the stop losses will be about 8500 zone as the next levels deeper are 7900-7300..enjoy the trades cheers

WEEK 9TH TO 13 TH FEBMa

Markets made a top and reversed as was observed in the last weeks posting to move to retest the recent highs that it had made at 8668(NF).. the range where this market can take support consolidate is 8550-8700 below which the drop will be very sharp towards 7950-8000 levels..If 8670 around zone holds expect a good pre budget rally post the DELHI  election results..towards the recent highs or higher towards 9250-9500 zone..Trade accordingly..cheers

WEEK 2 ND TO 5TH FEB

Markets made new highs to do  the target of 9000 and above ..Markets have to retest the recent highs of 8668  nf that it had crossed ..so failure to make new highs and constant breaking of new lows will result in retest of highs..do  book  your longs and wait for good corrections ,to reinvest in your select stocks..till then trade both sides as markets will get volatile in coming weeks..cheers

WEEK 27 TH TO 3 TH JAN

Markets behaved in the projected manner..after crossing the important threshold it crossed the 8600 levels decesively to make the journey TOWARDS THE LEVELS OF 8900(NF) as had been projected a few weeks back and last week too..The crossing of the MACD zero line was a cue for the impeding top..9200 and above remain the near term targets of this run up..Important levels  are at 8670 /8700in coming days..trade accordingly as its a truncated settlement week and booking must be done of holdings..cheers

WEEK 19TH TO 23 JAN

First of all wishing all visitors to this blog  a very happy new year..

So what has the markets been doing in the last 6 odd week ...We had touched a peak somewhere in NOV end which we could not cross for the levels of projections of 8900-9200 range..and we corrected ..a long grilling wind down..We have made 3 tops again after that till last week... but the high of NOV end is still not passed..So what next...MACD daily is projecting a wave up as its crossing the zero line...so a new high in coming weeks is very possible..We have crossed a important point of 8525(NF)..A next cross of 8595 and if market stays above that we will be hitting a new high..8380 and then.8220-8250 is the new support for this markets in correction below which 7950-8000 can be tested again..8500 is your near term SL..enjoy the trade cheers