WEEK 15TH TO 19TH FEB

Markets broke all supports last week to plunge down to pre 16th may levels.Global and local cues triggered the move.Its said the bull markets have no resistance and bear markets no supports. 6869.75  level  was a top from where  we dipped in may '14 to start the rally towards 16th may top of 7563.. as markets are over sold a rise towards 7550 levels in the next few weeks is possible and then a retest of bottom or below..short term 7150 -7200 will be resistance to cross. your select stock buying should have begun with the panic of the last week to be held for a year or two for long term gains. be nimble in your trading and do start your stock selections in SIP manner over the next few weeks etc..enjoy the trades cheers

WEEK 8TH TO 12 FEB

Markets broke the 7450 support to retest the bottoms @ 7233..Halted at 7377 (NF) to turn around towards the tops made recently at 7607.Asian markets closed next week few days for CHINESE NEW YEAR  , thus not giving much clues.cross of recent highs takes us all the way to 7750-7800 and break of 7400-7380 to a new low..trade accordingly cheers

WEEK 1ST FEB TO 5 TH FEB

Markets slowly crept up from the lows it made at 7233 to move towards the  1st target of 7580-7600 after which the in case it stays over this zone for a few days the target is in zone 7700-30(NF).7800 zone will offer stiff resistance and 7480-7500 zone some good support. profits should be taken of your SIP investments trading stocks and trading positions should carry strict stop losses. enjoy the trades cheers.

WEEK 25 JAN TO 29 TH JAN

Markets did halt this week to bounce  up a bit from their oversold positions..Time will tell if over the next week or two we do not break the Low made at 7241(NS). Below 7350 , 7000-7150 now offers a good support and 7500-7550 will offer some resistance.cross of this level can propel us towards and  7650 levels and above  . Trade accordingly and keep booking your trading positions..cheers

WEEK 18TH TO 22TH JAN

Markets still running in the downward slide with every rise being sold in with a volatile markets here and globally.It did attempt a higher high/low in the intraday charts but that failed on the last trading day again.Markets are giving good opportunity to buy your select index stocks at great buy levels. Levels to watch below are 7350-80 below which 7150 may be a good support..any run up now has to cross sustain over 7650 for a few days for markets to move towards 7850 around. Trade this zone till a semblence comes to the markets..cheers

WEEK 11 TH TO 15 JAN

Markets broke the low of 7700-7750 to head lower towards the recent lows made.It just managed to stay over the low by a whisker this week. SGX nifty in morning is showing a breakdown till 7500 or below for start of this week. we are oversold , dip into your favorite stocks in these dips for a bounce back towards 7800-7850 range..7450-80 should be a good support zone below which we head towards 7250 zone..cheers

WEEK 4TH TO 8TH JAN

Markets have moved up slowly towards the last high 8005(NF) , making a high of 7994 yesterday.a close above 8020  for a few days can easily propel markets towards the 8120-8260 zone in steps. a drop below 7950 zone can take us to 7850 and 7760 zones app. negative divergences have appeared in some indicators warning us to keep strict stop losses. do book your profitable positions as we go up and wait for good dips to get back in.cheers

WEEK 28TH DEC TO 1 ST JAN

Markets are moving in a narrow range as holiday season has ticked in and volumes have slowed down. next week is settlement week  so some volatile movement can be expected..7800 NF seems to a support below which a retest of 7700-7720 can be done. over 7900,  7950-7980 could be a target, though markets are struggling around 7850/60 zone. Buy the good dips and book your trading profits when it comes..cheers

WEEK 21ST DEC TO 24 DEC

Markets almost  moved in the range as projected last week. taking support at 7579 nf it moved towards the higher end 7864 nf. after crossing the PIVOT of 7690.hope profits was booked at the top last week. 7700-7680 again happens to be a decent support for the next leg up towards 8050-8100 , failing which a retest or break of lows can be seen in the coming weeks. buy the dips mantra should be working for traders and for long term SIP buying in their favorite stocks..enjoy the trades cheers.

WEEK 14 TO 18 DEC

Markets broke the RANGE last week to dip towards the old lows made in september.. global local cues not favoring may even lead to deeper corrections in the coming weeks. As the markets may become a bit oversold a few days sharp reversal is not ruled out . perfect time to dip into your favorite stocks for mid to long term in a SIP mode.Keep trading in the meanwhile as a reversal towards 7780-7820 is not ruled out in case 7500-7550 (nf) hold in the coming week with 7690 around being the weeks pivot point.enjoy your trades ..cheers

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