A VERY HAPPY PROPSEROUS NEW YEAR FOR ALL..

Markets just about did nothing and kept checking the range and leaving a footprint of app 2950-3000 levels to watch for any breakout..lets enjoy tonite and let the heaviness of 2008 go by..take care..wishing all a very happy prosperous new year ..rajan bhatia.

LAST TRADING DAY

Markets have at least tried to cheer up all by recovering from (MAGIC LEVEL 2860), to move upwards close to 3000.(ASIA IS POSITIVE).which is app. half of where we were on 31st December 2007..The huge price damage and erosion which has taken place in this last 1 yr would surely be a dampner for this NEW YEARS celebration for many . 3020 is a resistance zone , cross of which can take us to 3110-3150 and supports now lie again in 2900-2920 zone.. happy trading ...cheers..

RETESTING TOPS AGAIN

The gains of yesterday got sold into in the morning around 2950 area , taking support at 2900 market traversed back to test 2990 again and closed a tad below it. Nothing much can be derived out of todays trade except that markets have come back to test its strenght, can go higher on short covering , before new year augurs some fresh buying for it to show its hand..over all a whipsaw day for traders caught on the wrong side of the trade..enjoy the day ...cheers.

CAREFUL UPMOVE

markets held the 2860 zone again , moved up ..this could be a rally in the downtrend..watch it carefully..2950 then 2990 is a area to watch again..a few closes over 2990 will reverse this down move .. trade light and in direction and let the holidays go by for some serious trading /investments calls to start..cheers..

SURPRISE SURPRISE

What can one say, the classic WHIPSAW..saw NIFTY taking support at the levels given by me in the morning and before------ turned, moved up , stalled a bit at 2880 and surged ahead to close at the top of the day at 2930 a resistance area., making shorts cover. The participation is light due to holidays ahead and serious trading will get underway only next week. Trade light and in the direction...Cheers.

WEAK GLOBAL CUES

Going into the NEW YEAR , markets are on a back foot right now , volumes are light and no major swings are expected..2880 emerges a region to watch over which is 2920 area..and supports at 2820-30 zone.. trade light and in the direction so as not to be whipsawed..happy trading Cheers.

MONTHLY CHART & NEXT YEAR

Many friends visiting the blog had been asking about the road ahead ,next year ..Well friends the NEW YEAR is just a few days away and we all hope that the worst could or would be over and behind us in 2008. Its been a real horror of a year specially jan/oct months..I am posting a MONTHLY CHART with SPEED LINES extending from the top 6357 to the bottom 2252..The chart and the speed lines are self explanatory & very clear.Please use your judgement for your trading and investment calls from hereon, rather than just blindly following FREE CALLS /ADVISE being bombarded by so many experts on WEB SITES and TV CHANNELS.. (its ur hard earned money & they are never responsible for your losses..many learnt it this year the very hard way..)...The best way forward will be to take a new year resolution of at least making a attempt of LEARNING TECHNICALS.. take care ..........CHEERS.

WEEK AHEAD

Looks like markets made a temporay top and profit taking set in immedietly due to lack of buying conviction and holiday season ahead..War noises over the weekend also dampened the market sentiments...and it kept drifting down towards 2860 supports again..it can take support here or a little down..watch 2950...... CLOSELY FOR NEXT WEEK..range is 2800-3050..trade in the direction, .trapped bulls will liquidate in rises..cheers

TESTING SUPPORTS

Markets just stalled at 2950 zone after making a brisk start , all we heard the whole day was war cries/news/rumours..so much noise created today....the result was nifty quietly slipped to 2900 and 2850 levels before any one could know..so what next?????..Weakness is there for test of 2830 area below which it may be a straight run down to 2750-2700 now.Lets see how the weekend traverses over the borders for us to make a move next week..enjoy the weekend cheers..

WEEKEND TRADING

It could be lackluster trading today or the next few days as most large participants maybe holidaying..2930-2900-2880 should be a support zone for a test again of 2990-3020 area..watch 2950 area closely for some clue to trade today..Trade light so as not to be caught on the wrong side in any  sudden move in the next few days.happy Trading ..cheers.

WEAK SETTELMENT

As written before markets just buckled day before trapping all who were bullish for this settelment ...and continued the slide today also towards 2900-2880..1st shorts took a SL then longs.. It just managed to close a little above last weeks low , but after breaching it ,,,it was a NO NOTHING DAY , where it traded with in a small range ( triggering SL s & making money for brokers). WHAT NEXT..lets see over the christmas holiday into techs & charts to see how to move forward..Happy Christmas to all friends visiting my blog and have a nice weekend with your family and friends..cheers..

MORE WEAKNESS

Asia seems to be drifting down and so can we..no heavy unloading so far, supports lie at 2930-20 zone and below at 2880..watch 2990 again , cross of which can take us to 3030-3040 zone..only above that can we head for 3100 or above..Let the settlement and the holiday go through, trade light and in direction(On a lighter note MARKETS wont run away anywhere..)..happy trading ..cheers.

PROFIT TAKING

Hope all visiting my blog would have heeded to my observations of top tops and that profit taking will set in and we will test levels of 2990-2950..We went spot on there, (We were short from 3100 levels with NF & with jan. puts)despite of huge calls of 3150-3250-3300 by so many experts , we followed our technicals and charts..lets watch 2920-30 zone carefully for any support for upmove , otherwise it will be selling on rise by trapped bulls..enjoy the day ..Cheers.

LOSING STEAM

Markets lost steam around 3100 levels after failing to go towards 3150 levels , just gave up gains..Asia is soft and some more unwinding can take place. Watch 2990 and deeper down 2950 for support....resistance now lies at 3100 zone cross of which this time can take us to 3200..Trade carefully in the settlement week and light..Cheers.

DOING NOTHING

Markets have done just about nothing , pleasing to deceive, not much conviction in the upmove as volumes were low the whole day..whats up then , markets looking for yearend clues and may dip if fresh buying does not emerge. Trade carefully and in small lots and let the settlement go past before forming any stratergy. For stock investors only buy in good dips.Enjoy the day...cheers

SOFT MARKET

Markets as a bit soft and seeking direction, we are in the settlement week where generally volitality sets in..kindly look at the weekly techs posted for trade direction. 2990 -3150 seems to be the range as of now break of either side can take us quicky 80-100 points either way..Happy Trading cheers..

WEEK AHEAD

Markets showed good resiliance and despite overall belief of being overbought/overstretched, it defied gravity to close at the high point of the week. the S/R works out to be 3050 and the range is 3220-2880..Its the settlement week & volitality will be at its peak. All inputs for boosting economy have almost been put in by governments all over the world..trade light and in the direction...Enjoy the weekend..Cheers.

TESTING TOPS

Markets are defying gravity and testing the tops again and again. Looks like the settlment is the main sentiment right now. Close over 3100 will take us to 3148-3200 area and below 3050 we are headed for 2990-2950 area..lets look at some charts/technicals over the weekend to give us some cues...cheers

SOFT MARKET AGAIN

Markets are unsure to the direction they have to take, thats the reason of the reversals /gains. Above 3078 the levels to watch are 3148-3200 and below 3040 area, 2990-2945 . Trade accordingly..Cheers

WHAT A PULL BACK

Markets again surprised everyone by displaying weakness in opening & completely reversing yesterdays fall by EOD... 2990-3020 did provide some resistance , but failed to hold the upmove.. Break of the top 3076 will take us to the level of 3148 and slightly higher of 3200-3220. Trade once again with caution on the long side and wait for good dips only to get in..The markets are stretched on the upper side..kets see how trade unfolds in the next few days ..cheers..

WHAT NEXT ???

Profit taking started yesterday from the open and any rise to 2990 - 3020 zone may now be utilised to clear longs, any further fall can take us to support zone of 2880-2860 below which a steady fall can start.Lets see how markets unfold in the next day or so, be a trader now and trade with small SL in the direction of the markets....and trade light for the next few days for markets to decide their next course. It seems yesterday a near term top is made, in case this top is taken out and we close over it , the logical target will be 3200-3220. Happy trading..cheers.

SELLING GALORE

Nifty gapped up to Deceive, made shorts take a stop loss yesterday/today then trapped the baby bulls seeking 3150-3250 levels..to just reverse and grind down to the levels I gave as support of 2945 ..HOWS THAT. ?????? All visiting my blog would have gained by reversing positions and clearing all longs..& going short even in small lots..THE MAGIC LEVEL OF 3078 WHICH I WAS WRITI NG for days as a top NEVER GOT BREACHED...SO RANGE 3078-2945 worked well today....It was a good profitable day on the short side..hope all friends coming here and in a friendly chat room enjoyed the sell call and levels given... enjoy the evening ..CHEERS.

POSITIVE ALL AROUND

Markets world over now just looking at any small good news to keep the gains going and taking markets into a overbought zone. Well this is what a Bear Market Rallies are all about. Fact is IT cannot defy gravity forever. Book your profits and sit back, let it cool off and give a good dip for you to enter again .Watch 3148 NS as that is a strong resistance for this ride. Positional traders can take small reverse trades on signs of weakness. Supports lie at 2945 & deeper down at 2860 zone.Happy trading ..cheers.

RETRACEMENT CHART

This is retracement of 2945-2812..and where the cross of 2945 was to take us..It was headed for 3078 and there we are almost today...the top of this run ican also be 3148 as of now... Markets will retrace to 2945 zone again to see their strenght..Hope this helps all who are stuck in shorts ..cheers.

SHORT SQUEEZE OR RALLY

Despite weakness from morning Nifty moved quickly in the last hour to its target of 3050-60...after crossing 2990 which was resistance of the day.The short term target is 3078 beyond which we will be heading towards 3150 zone. Supports now at 2990 , below which they are at 2950 zone. The close over 2860 for a few days , gave strenght to the markets and they have been marching ahead despite all bad news..Will advise caution here and any buy has to be done only on good dips. Take care cheers.

SOFT CUES

Markets are a little soft all over and will be awaiting fresh news for any move up..3050-60 seems to be a short term top, 2880-60 will lend support to NIFTY & 2990 resistance..Trade light and let markets define what it wants..Cheers.

TARGETS FOLLOWED

Being on the LONG SIDE from 2600 levels did make the nifty reach its logical target of 2990-3020 zone..A little more push could have taken it to 3050-60 which looked like the destination from the time we turned from 2812 area on Friday. We are very close to the end of at least this run..so do book your profits.. wait for the dips and see where the markets take supports to plan trade ahead...This has been a Shorters NIGHTMARISH TWO weeks....remember guys keep small stop losses to live to trade another day in the stock markets .. enjoy the day ..Cheers..

POSITIVE OPENING

Following the reversal of friday, the markets world over are with a positive bias today and we too will gap up and start moving towards the targets as given in the weekly technicals ie 2990-3020-3050. Trade the trend only as shorts once again have been trapped. But do keep in mind that we are in a BEAR RALLY ONLY..Given above please find a tentative resistance /support chart to help all of you to take your trading decesions.The Speedlines/Extension values are self explanatory targets , trade with them..Cheers.

TRADING CALLS - HOW WE WILL GO ABOUT .

We are preparing a set of charts to show how we will be doing and giving positional or intraday calls of NIFTY FUTURES /OPTIONS & some select STOCKS , so as to make you understand the method /timings / quality of our calls. We use not only INTRADAY CHARTS but take reference of DAILY/WEEKLY/MONTHLY CHARTS to finalise the stratergy for the calls , so as to give us maximum gains with minimum risks. We will post these to all ASAP when they have signed & informed us.For others ,they are free to discuss with me thru yahoo chat or email about these charts.. This will facilitate smooth working during trading hours for all of us ...Any other querry or help if someone has , they are welcome to sent us a mail or chat up in yahoo. Thanks again for the good response , specially to my friends who have already signed up. Have a nice weekend .
PS: If we have missed replying to anyone , the details of the subscription service please do mail us immedietly.

INTERESTING WEEK AHEAD

Nifty has been giving very good positional/intraday moves from the last 2 weeks.People following the direction will be in good profits.Despite of negative sentiments/ bad news , the markets are simply not selling out..Can they SELL OUT???????? Why BREAK YOUR HEAD ON THIS..Simple thumbrule , just follow the trend & be patiant enough to see the moves coming.. Next week 2880-90 emerges as the S/R.....The range could be 3050-2750 break over/below that would give quick 200 points..ENJOY THE WEEKEND ..CHEERS.

CLASSIC REVERSALS DAY

Nifty followed the world markets , crashed in opening , took support at 2800-2820 zone , moved back over 2860 and rushed to close at 2921 and is poised to move towards 2950 zone.., if it sustains over this level we may be proceeding to the next level of 2990-3020, Strong support now lies at 2860 levels..break of which only will augur any weakness.Hope people following my blog enjoyed the levels being given..enjoy the profits and the weekend ..Cheers.

PROFIT TAKING OR WEAKNESS.

Markets in US & Asia are soft today , due to profit taking or weakness & bad financial data.. Posting profits in longs was a good stratergy & now wait for a good dip to reenter will give rewards.. 2880-60 zone again will provide some support and break of this will take us all the way to 2820-2800 zone. Resistance over 2945 will be 2990-3020.Do not rush into trading positions , trade light and in directionas it is weekend time , the bias for today looks down..cheers.

SUPPORT HELD

Nifty held on to its level of 2860 below 2900 and we closed for the second day over that level.RIL again came to the support and in late trade made impressive move.We have completed 7 days of positive trade and people who are short must be having a harrowing time seeing the market run up so fast and the falls so shallow..the range now is 2860-2940 app. Any break out will take markets 60-80 points quickly in that direction..Trade light and with caution...Cheers.

CAUTION AHEAD

Our markets have made a smart move from the 2600 levels , now will have to consolidate the gains over time to surge ahead. The lows of october have not been breached now for over SIX weeks.Watch 2890-2900 for any weakness for today , support will lie at 2825 deeper down and resistance in positive mood should be in zone of 2990-3020 again. Keep booking your longs and wait for buy in dip for longs..Cheers.

SMART MOVE

Markets did what its was expected to do, catch the shorters on the wrong side of the trade from 2570 levels , squeezed all the steam out of them today and moved up crossing the resistance point of 2850-60 levels to close at 2928..The rally was helped by the BIG BOY, RELIANCE leading from the front, almost all segments participated in the rally . so what next ?????..lets see some charts tonite to see whats in store in the short term.. As of now 2630-40 will now be long term support for longs..take care ..Cheers.

THANK YOU ALL

Would like to thank all for you for the overwhelming responce towards our new service which we planning to start. We will send details in the next day or so as we were away for a family wedding.Coming back to markets,it halted again at the resistance level of 2850-60 on monday, before some profit booking set in , this level may be tested again today. Its important to cross this level soon failing which we will again drift down to 2640 zone..in case we fail to cross 2861 and stay over it..Trade light after opening and see how the market unwinds itself before commiting to any directional trade...Cheers.

NEW SERVICE

Dear Friends,
We are planning to start our personalised service of giving POSITIONAL & INTRADAY CALLS for NIFTY FUTURES /OPTIONS very soon. All those friends who are interested in this service and those who have been enquiring over the last few months about this service can send us a E-mail immedietly to the following email addresses:
rjn_bht@yahoo.co.in
bhrajan@gmail.com
Thanks and warm wishes , we will be looking forward to hearing from you.
Reply with details about the service will be sent to all on recipt of your enquiry.
Rajan Bhatia
PS: CAVEAT is that this blog will always remain free and as before markets technicals / charts will be posted daily for all to follow.

GOING LIGHT

Market after opening in positive gave up all gains to be light , going into the weekend event..Seems participants did not want to take a chance and lightened up their positions.We again went into the resistance zone at 2830 slipped to take support at 2690 zone..Market has been doing nothing and has to break out in some direction. Lets cross our fingers and see which direction it is...cheers.

WHATS IN STORE

Markets quickly moved to the upper end of the band after the break out and again came close to the strong resistance zone of 2850...There are no great cues coming from overseas markets , so maybe the participants again may not press buying calls resulting in weakness over next day or so with range bound trading ,then deciding the move.It will be prudent to book profits in longs and trade light and in the direction. Supports today are at 2750-2690 with strong support 2630 & resistance at 2830-60 and a little higher at 2920. Trade accordingly ..CHEERS.

WHAT A RALLY

Markets after doing nothing for most part of the morning suddenly started moving upwards broke through the 2690 zone went to 2720 , came back to test 2690 again and zoomed up towards 2750 and 2800 area. Many experts talking of the breakdown of the markets would have been caught on the wrong side of the trade..even with lighter volumes people following my blog would have been on the right side of the break out. as the range was clear 2570-2690...The move was big and we are overbought now ..enjoy the day ..cheers.

IN A FLUX

Markets are in a state of flux whereas they are doing much nothing..There seems to be a stimulus package coming in the next few days , and results season will finally be the cue to the break out of the direction. The range still remains within 2570-2690 as of now..Trade lighter and in direction only for compulsive traders. Avoid large positions or averaging loosing positions.Markets have to resume there UPWARD JOURNEY SOON in the next few days , FAILING WHICH WE ARE FACING INTO THE BARREL ONCE AGAIN. Happy trading ..CHEERS..

MARKET UPDATE

Due to some pressing work could not update in morning but have given the range yesterday evening only..Markets took resistance at 2690 zone again and could not cross it the whole day. Even the sell orders were getting covered very fast.. again today we have managed to close over 2630-40 zone.Pls. note now this is becoming a very important zone and any weakness or close below this can invite long unwinding..Lets see how other markets trade tonite..have a nice day..cheers.

RESILIANT MARKETS

Markets just reacted to the world markets in the opening, fell hard , took support around 2574 area i wrote in the morning ..surprised all ( into shorts ) & charted their own course thereon after consolidation for some time and tried to reach yesterdays close..Now what is market telling us?????? ..right now it closed squarely over the strong support of 2630-40 zone..again we have to watch this area for any weakness and look back to 2690-2750-2832 now for any resistances. trade with the trend ...cheers..

RESISTANCE FALL

Right from the word go yesterday market failed to cross 2850, slipped hard in late trade and will sell off today as the whole world indexes are bleeding. All Supports will vanish today..watch 2574 & again 2524 , though the sellout says maybe this support maynot hold this time and we may go all the way down to 2300 & below if we break and close below 2500 anytime in the next few days. As advised be careful of entering longs in a hurry, let the volitality settle, remember there is no bottom for a falling market.....Cheers.

NERVOUS AGAIN

Markets moved up quickly on opening & reached levels of app.2850...( strong resistance zone)which it could not cross ,and just started drifting down , finally collapsing from the top to 2750-2690 and lower 2670..Final Support lies in the area of 2640-30..break of which takes us straight to 2580-2500 zone and below. The selling and unwinding was heavy and , i will prefer a wait and watch policy for long or maybe wait for a bounce to short again.. Again a traders market today...Cheers..

TRADE AHEAD

Markets took support around 2500-2600 zone last week , to close around support area of 2700 . The bias thus changed positive at least for the coming few days .As said before look closely for 2850-60 zone cross of which can take us all the way to 3000 and above. Lets see how the markets trades today.. 2690 still remains a strong support zone over 2630. Happy Trading..cheers.