WEEK 25TH TO 1 ST MAR

Markets hit the low around 10600 to bounce back to 10850 zone..supports lie around 10650-700 and resistance over 10850 around 11000..trade accordingly..cheers.

WEEK 18 TO 22 FEB

Markets made a high on the RBI meeting day to start the journey downwards as it failed to stay over 11100 zone fora few days...10850 tried to offer support which to gave way for this deeper cut.towards levels of 10600-10650 supports..a bounce back will have resistance at 10750-10850 and below is supports at 10500 to 10350 zone.trade accordingly.cheers.

WEEK 11 TO15TH FEB

Markets moved to cross the 10,950 -11000 zone to hit the barrier at 11150 around(NF) to retrace back again..supports lie at 10950 below which 10750 may lend support..cross of 11020-30 zone will take markets to the recent high and cross propels it towards 11350-11400 targets ..trade accordingly. cheers

WEEK 4TH FEB TO 8TH FEB

Markets again repeated the range run..touched the top around 11000 to retrace towards the lower part at 10600 below 10750 to run up again into the barrier of 10950-11000. We have to cross and close above this barrier soon for a few days otherwise 3 tops made here now..if we do not cross this top  and make a lower top we will head back towards some low ..wait for a good dip to get in or trade the cross .cheers

WEEK 28 TH JAN TO 1 ST FEB

Markets touched the top of the range at 10950-11000 to rertace at week end giving a big high open low close move. as we failed to close above 11k for 3-4 days the retracement was quick and severe. we break 10750 will may head towards the targets of 10550-10600..only above 10950 closes that we can head towards 11150-11250.. trade accordingly

cheers

WEEK 21 TO 25 JAN

Markets remained again within the range of 10750-10950 app. for the last week. the next week if markets breakout then te range expansion will be 200-250 points failing which we may once again retrace back towards the lower part of the range..trade accordingly cheers

WEEK 14TH TO 18 TH JAN

Markets are closing the range this week..it was 11000-10700 before now is 10950-10750 app..a breakout.in is expected very soon..over 11000 we may move quickly towards 11250-11300,below 10750 towards 10500-10550.. keep booking your profits and buy the good dips.. cheers

WEEK 7TH TO 11 TH JAN

Markets dipped from a level of app. 10950 to a level of 10350 in the last month post election results..It rose to cross 11000 by a whisker to post a high.from thereon its making a higher low as of now at about 10540..this is the level to watch for the break down and cross and close  above 11000 for a few days will propel markets to 11150-11250 zone..trade accordingly cheers

TRAVELLING

I am travelling from last 2 weeks and will be back around 6th jan..19 will start posting again after that..



Merry  Christmas and a very Happy prosperous   new year to all of you..

WEEK 26 TH NOV TO 30 NOV

Markets started the upwards trajectory towards the 10800 zone and started selling off from there..we reached the buffer zone of 10500 at close last week..which incidently was a truncated week..a halt here could take us back to retest recent tops and a breach of 10400 way below towards 10100-200 zone..trade your trading pofits and dip into stocks whichare not selling out much ..cheers

WEEK 19TH TO 23 NOV

Markets dipped a little below 10500 to resume upward movements towards the 10700-800 zone..its a slow move up but still up..cross and stay over 10800 for a few days can take markets to 11100 zone app.from where a good breakdown started..below 10800 it can correct again towards te 10500-600 buffer its made now..trade accordingly and be in stocks which have not been beaten much so on rise they move up faster..cheers.

WEEK 11 TH TO 16 NOV

Markets dipped a little to around 10500 zones only to make a move towards 10700-800 zones..deeper dip below last week will be towards 10300-400 zone and a cross of last weeks high will propel towards 10,800..watch a dip towards10,500 fr any buy and cross of highs do books your trading profits cheers

WEEK 5TH TO 9TH NOV

Markets in the diwali mode now..truncated trading WEEK AHEAD ..markets did make a low around 10000 levels to show a good pull back over 10300-400 levels helped by global cues and oversold positions being booked..10300-400 is a now a good support zone breach of which we can retest lows or below..10700-800 zone could be a target for this rise..keep booking your trading profits..cheers

HAPPY DIWALI TO ALL FRIENDS VISITING THIS BLOG..

WEEK 29 OCT TO 2 NOV

Markets again closed near the lows around 10040 in last week trading.. 9960 is a significant low made previously from where a bounce can be expected in case it is not breached..breach may take us to levels of 9600 or in case of panic blood bath towards 9100 levels...Buy strong stocks which have not collapsed and on first sign of weakness trade them..10300-10400 zone is a strong resistance zone above 10100 ..enjoy the trades and the festive season..cheers..

WEEK 22ND TO 26TH OCT

Markets moved in range 10600-10800 to fall back towards the lows made recently in a sudden jerk from the top..10100 below if the market goes then a further breakdown starts for 9600 around levels can be achieved..a stop around 10200 would try to retest and move above the recent top made towards 10800/11000 levels.trade accordingly as the markets are in a correction mode after multi months rise.....cheers.