WEEK 7TH TO 11 DEC

Markets remained range bound again this week between 8000-7800. Next again it will be same range with a breakout of about 100-150 points if it takes place.Its becoming difficult for index traders to trade with the gap up/down , so do the intraday trades when breakout of ranges take place and buy good dips for profits at higher end of the range..enjoy the trades cheers

WEEK 30 NOV TO 4 TH DEC

Markets remained in range  still 7700-8000..waiting for global or local cues for the next move. next weekend should shed some light from the US fed or maybe some cue about GST here.. the range has narrowed to 7800-8000 ..a break should give 150-200 points quickly either side. wait for dips near supports to get in and keep booking profits ..cheers

WEEK 23 TO 27 NOV.

Markets have been moving in a range from the last few weeks which is 7700-8000 after the correction from the top. The range needs to be broken by about 200 points either way for a directional move. Till then keep trading this range and keep booking your profits when available.enjoy the trades cheers

WEEK 19 TH OCT TO 15 NOV

Will be travelling abroad so will not be posting the weekly technicals. enjoy your trades and wishing all a very happy dussehra & diwali ..cheers

WEEK 12 TO 16TH OCT.

Markets opened near  the resistance of 8050 to move up towards 8200-8250 zone. We are in a tad overbought zone but results of INFY will define the short term trend. resistances lie between 8300-8400 and supports at 8000-8030. watch 8150 zone carefully for the direction of the market.last week was narrrow range of just 218 points. enjoy your trades cheers

WEEK 5TH TO 9TH OCTOBER

Markets moved in the range again despite RBI cuts . 7850 proved to be a support zone above 7700 and markets resistated at 8050 zone again. In the coming week 7900 zone should give a support for a move above 8050 for 8200. break below 7900 can take us to 7750-7800 zone. Do keep booking your trading positions and buy the good dips ..cheers

WEEK 28TH SEPT. TO 1ST OCT

Markets moved in a range of 7700-8000 (NF) there by halting the upwards move in the truncated settlement week.Next week too it looks the same range +/- 100-150 points on on some global cues ..area to watch will be 7850-70 zone for any direction of the move..do keep booking profits when you can and buy good dips in your selected stocks.cheers

WEEK 21 TO 26TH SEPTEMBER

Global cues propped the markets beyond the range to move towards the higher end of the range towards 8050-8100. Markets have moved 500 points from the bottom despite huge build up of PUTS when we were at bottoms. so what next..A retest of the bottom is due to establish the higher lows higher highs model.. its a truncated settlement week so volatality can return in the coming week.supports lie around 7800-7850-7900 and resistance around 8150-8200 trade accordingly.cheers

WEEK 14TH TO 18 SEPTEMBER

Markets almost touched the low-high of the band projected last week (7558-7878)..Hope visitors to the blog bought and booked their profits..so what next..weekly range is 320 points.  The range can narrow this week between 7600-7900 with a 100-150 point breakout/in zone.7740-50(NF) can the neutral zone to watch. Truncated week and FED meeting ahead may bring volatality so keep strict sls for coming week enjoy the trades cheers

WEEK 7 TH TO 11 TH SEPTEMBER

Markets halted to trip again in the last week due to volatile global cues to retested and break the lows made recently. 436 points was the range last week .Global cues are still weak so drift downwards may continue next week too.below last weeks low supports lie at 7550-7420 zone below 7590..resistance lies in 7875 zone for the time being above which is 8000 zone..7790 around is the weekly pivot. SIP buying in your favorite stocks can be done and on any good rise profits booked.Do keep in mind that we are still making LOWER HIGHS AND LOWER LOWS..  and till this trend  is not reversed  caution has to be done in your trading accounts..Markets can remain oversold or overbought for days / weeks ..enjoy your trades cheers

WEEK 31 ST AUGUST TO 4 SEPTEMBER

What a roller coaster ride last week..Started with a huge gap down and rushed towards the May 16 th 2014 high made..The fall had been lurking for long as we were not able to cross 8650 for a bit of time..The reversal from the lows of 7665( nf ) was fast furious.Now what next,..We had a 460 point range last week which  should reduce in case volatality settles down in the coming week.8200-8250 on the upper side and 7800-7850 on the lower side with 7900 set as middle point should be watched ..enjoy the trades and do keep booking your profits when they are there . ..cheers

WEEK 24TH TO 28TH AUGUST

Markets had resistance around 8500-50 zone and failed to capture the 8650 top of the range so fell and broke 8350 range to move  150-200 points lower as being projected in the last few updates in this blog. With US  sold out on yesterday we can expect a weak weekly opening ..8150-8200 should be a good support zone +/- 50 points in case the friday low is  broken for a small bounce back towards the settlement..Trade according and also look for your favorite  select stocksin sip manner  in case of panic bottom next week.enjoy your trades cheers

WEEK 17 TH TO 21 AUGUST

Market touched the lower range at 8350(NF) app. and turned to cross the 8500 mid range to close the week at a higher end..Seems we are still in the same 8350-8650 +/- 150-200 points range..Do book as we reach the top of the range and keep SL's if we drift down. enjoy your trades cheers

WEEK 10 TH TO 14 AUGUST

Markets are still range bound between 8350-8650 with 8500 being the neutral zone.Breakout/in will take the markets swiftly 150-200 points either way..Wait for good dips for investment entry and in mean while can buy small dips for trading..enjoy your trades..cheers

WEEK 3RD TO 7 TH AUGUST

Markets dipped from its consolidation zone to test the lower range at 8300-8350 to bounce back towards 8550-8600 zone..8650-8700 is a strong resistance zone and 8250-8300 a strong support zone with 8500 being a neutral zone..Trade accordingly cheers