GOOD SETTLEMENT

Markets did the final settlement for year 2009 at 5200 around ...thats what the call was in the morning in this blog..Hope all have enjoyed visiting the blog this year & once again wishing all a very happy and prosperous new year..cheers.

HAPPY NEW YEAR

Seasons greetings and wishing all visitors a very happy and prosperous new year..We may be starting at 9 am from 4th january, so a lot of morning rush for getting ready for the day etc..Regards today trade 5200 is where this market can settle..5150 -5250 is the range..enjoy the day and the coming holidays ..cheers.

WAIT AND WATCH

Markets hovered around 5200 , just letting some profit taking to take place..Range seems to be around 5150-5250..trade that ..enjoy the day and coming holidays ..cheers.

CONSOLIDATING MARKETS

Markets are pausing at 5200 after the fast furious move up...Being a settlement week some amount of volatality can be expected....Buy in dip only should be the stratergy..range could be +/-100 points from here ..trade the trend..cheers

YEARLY TOPS

Markets just about consolidated the whole day to suddenly surge and post the yearly high at 5197.90...(NF posting 5209.95)..Bulls have given everyone a cheer this christmas specially to the people who are still stuck in stocks & can use this opportunity to unwind as we rise..Markets are overbought after 2 days of unrelenting surge and will unwind soon..Again buy in dips should be the key..enjoy the long weekend cheers.

UPMOVE

Markets shrugged off the weakness near supports of 4930...& gave a spectacular ride to cross 5150 again ...What Next ???? Markets will try to consolidate in the 5100 plus range (short covering will cushion the falls)to try and breakout over tops of 5182 for 5250-5350 zone..Failure again could invite some serious unwinding..enjoy the day & the long weekend..cheers.

SPECTACULAR RALLY

Well these are markets??????? ..had hoped to close tomorrow at 5050-80 zone , but market had other plans , it not only crossed this threshold of 5050-5080 but closed over 5150..Nothing in the technicals could have predicted this move of today ..Well just being on the right side of the trade or the policy of buy in dips , would have helped..(Bad Long Festival Weekend coming for people on the short side of the trade)...lets look at the Market Footprint again during the long weekend..enjoy the day cheers.

CONSOLIDATION

Markets may not be doing much...Option seller smiling as Daily OI is being shed of options..4950-5050 could be this holiday range..trade accordingly..cheers.

BOUNCE TODAY

Markets did give the much needed bounce but was stuck in the 4990-5000 zone the whole day..Holiday mood seems to be the reason for lack lustre trades..so wait for dips to buy and sell on rise..4930-5010 could be a range to watch..cheers.

POSITIVE CUES

Markets will bounce back from its oversold positions due to global cues..4980-5000 to be watched for today for resisitance. Trade light and in directions , watch 4930 in close if you are long..enjoy the day cheers.

PROFIT TAKING

Markets are still in profit taking mode as there seems to be no support coming for buying..Markets just drifted after remaining positive for sometime towards the support of 4930 area..Breach below that could cause some serious unwinding in longs..Watch that area and dont be a in a hurry to buy if this breaks ..Bounce back will face resistance at 4990-5010 zone..enjoy the day cheers.

WEEK AHEAD

Markets today are flat, waiting for cues to move ahead..5050 appears to be the S/R of this week with a range of 4850-5250..The levels to trade have been written last week too in this blog trade that..Please note that this is a truncated with a holiday on 25th for Christmas.enjoy the day cheers.

TRADING MARKET

Market moved both ways today, showing its weakness at 5050 zone ( making lower highs )and tripped below 5000 levels to test waters ..Moment we broke 5120 this week 5000-4980 was a target as I had been writing ..do we dip to 4930 & below or we try for bounce..will look over the weekend for the cues..till then enjoy the weekend & do send me the mail with your email id ..enjoy the day cheers.

WEEKEND BLUES

Asian Markets are soft all over due to Europe/US woes and sell out..5000 around is the key zone to watch as Markets have been taking support here..Generally around the weekend , markets do make a move ..Trade carefully and with the trend ..enjoy the day cheers.

DAY TRADING

As mentined in the morning markets will consolidate to seek the direction moving both ways when uncertainity is there..( Thus it made a INSIDE DAY )Day trading was the call today and it worked both ways for technical traders..Good profits for swing traders..we are in 5000-5080 zone..lets see which side breaks first..enjoy the day cheers.

CONSOLIDATION

Markets will like to spend time to consolidate here or at lower levels to look for the next move. Considerable OI build up came up yesterday in 5100-5200 calls so thats the immediete resistance and shedding took place in 4900-5000 puts so a slip below 5000 is also possible till 4930-50 zone..Be patiant wait for markets to consolidate to commit resources, better still be a day trader for a few days ..enjoy the day cheers.

BOUNCE BACK

Markets took support where they should have at 5000-4990 zone and gave a bounce back..If global cues are positive tonite from US etc then we may rush up on open tomorrow..The range 5000-5200 has worked well again..Good day for long side trades ..watch 5080-5100 closely , only cross & close above this takes us up again..Hope ppl. visiting are enjoying the technicals and trading tips that I give here on daily basis..enjoy the day ..cheers.

PS: I would request all who are visiting my blog regularly to kindly send me a mail about the same at bhrajan@gmail.com. There could be some changes from 1st january 2010 in the blog setup and technical levels , commentary..

SOFT CUES

Markets all over are soft to negative..our supports lie in zone of 5000 & deeper down at 4930...Now we are at the bottom of the range of 5000-5200..Markets can halt and bounce a bit from the support zones..Trade accordingly..(Buy in DIP- Sell on RISE Works again)..Patiance pays..along with technical knowledge..enjoy the day cheers.

PS: Its been my belief that ppl. who make maximum noise in forums & chat rooms trade the least and lack confidence..they should spend the time learning & trading.

THE JERK

Markets finally gave the push..on the downside on break of 5080...The OI was suggesting resistance at 5200.... as maximum OI of 5200 calls was there and growing today on breach of 5100 that call OI also increased.. Suports lie around 4980 around and 5080 will give resistance on the bounce back..cheers.

DOING NOTHING

Markets are just about doing nothing...maybe calm before a storm..range working out is 5080-5170..something has to happen , which side...???????..enjoy the day cheers

VOLATILE DAYS

Indian Markets again are in their own world..While the Asian cues were weak we moved up and when Europe opened positive we went down..The strong hands are just about jerking weak hands triggling SL's..The range is compressing now 5180-5080 , something has to give up soon..Its becoming easiar to buy bottom / sell top..Something has to snap for a bigger move..Watch the area closely and trade accordingly..cheers.

WEEK AHEAD

Markets have been trying to cross & move ahead the last highs of this year..and fail each time..A triple top is in place..This weeks S/R is 5120 with a range of 4980-5260..Trading will get tougher in times ahead if the INTRADAY RANGE starts squeezing due to lack of cues or approaching year end etc etc ..Trade small and wait for a good breakout/breakdown to plan your trades..enjoy the day cheers.

ROLLER COASTER DAY..

Markets did what it does best.. A SWINGING MATCH..It crossed the highs & as if on cues sold out breaking 5162 and headed straight for the lows of yesterday beyond 5120 to bounce back at the S/R of the day 5120 zone..It was a good day for level players as markets rewarded both ends, it was a good day....So where is it headed next week ????..lets look over the charts on the weekend seek it out..enjoy the weekend..cheers

MOVING AHEAD

Markets globally are positive and we once again try to take out tops..The message was clear in the last few days that nifty is not falling much and taking support around 5080 zone & bouncing back ..Very important to take out 5162 & stay over it ..Cross of 5181 top could trigger short covering , from scared shorters making markets cross the 5200 hump....5120 zone is now what looks like a support zone..enjoy the trade cheers.

CONSOLIDATION

Markets again consolidated breaching yesterdays high/low...5100 remains S/R for the the trades ..The range breakout/breakin maybe coming..Wait for it and enjoy the trade....cheers..

WEAK CUES

Markets have been range bound for a few days..5070-5170 seems to be that range as of now..Markets are poised to make a decesive move soon, as it cant remain steady in a zone for ever..5100 zone remains EVEN STEVEN zone..So take your pick & trade accordingly..cheers.

INSIDE DAY

Markets just about bowed to global cues and opened weak , and every rise during the day met with selling..Seems at highs participants are not keen to carry and at lows the shorts were covering..it was a INSIDE DAY..and this time the break out/breakin of the range will be fast & furious..5100 is still a key area for this market..enjoy the day.. Its been good trading days for level players.. cheers.

SOFT AGAIN

Markets are displaying nervousness all over the globe with their erratic movements..This could be consolidation for a last move or distribution for a fast furious downside..5000-5200 remains the WATCH RANGE..play small in direction with strict SLs's..enjoy the day cheers.

SURGE AGAIN

Despite negative cues and disappointment , markets after consolidation took a quick move up , trapping the bearish participants ..( remember 5100 is S/R of this week )markets are trading on lower volumes these days specially when we are falling , which gives a bit of bullish undertones..we never touched 5000 but are heading towards 5200..where the range again gets capped..lets watch if we break out or retrace from there again..enjoy the day cheers.

VALIDATION OF LEVELS

Markets will be consolidating in the coming days to evaluate the confidence and participation of people at these levels..it could go range bound / sideways between 5000-5200 with some dips below on weak global cues..play the range in the coming days and wait for a breakout/down..enjoy the day cheers.

SOFTNESS ALL AROUND

Markets were soft & trade today was just a feeble drift down on no buying support kind of trades..The volumes were far less in average from which one can incur that no serious selling as of now..OI build up today is in 5100-5300 calls ...5200 calls and 5000 puts have Highest OI. We close below weekly S/R today..enjoy the day cheers.

THE WEEK AHEAD

Markets globally are halting and testing strenghts it seems, every rise is being sold into..Is it distribution going on..Weekly charts are not very healthy and some positive cues are urgently required by markets to arrest this trend & cross the Old highs quickly...failing which a drift downward will start for retesting lows once again.. nearer or deeper who knows???? 5100 seems to be the S/R of this week with a wider range of 4900-5300 in the coming week..trade accordingly ..cheers.

TRADING SWINGS

Markets are trading in the range now , consolidating or distributing , only time will tell..the range still is 5000-5200 ..This range bound trading is bonanza for OPTION SELLERS & the more time spend here the more is their profits..Break will surely come soon and could be wild..In the mean while its been a good trading last 2 weeks ..enjoy the weekend..cheers.

SOFT CUES

No cues from the global markets except some softness..The shorts done at top yesterday due to failure to cross old high/will be quite profitable on opening....The range still is 5000-5200 with now 5100 being a kind S/R zone( Markets are poising/cooking for a big move..some time soon technical traders will be able to recognise the signs ) enjoy the day..cheers

UNSETTLING TIMES AHEAD

Markets will start doing what it does best..wild swings and jerks ..hitting SL's for weak hands..In case markets dont cross thresholds the jerks are wild & quick....Weak hands like to get out fast..markets could not cross the 52 week high being so near it for cross over to new highs ,brought the sudden unwinding & also due to the fact that this is 5thday from the lows of last week and we were tad Overbought..5000-5200 range still holding good..Hope friends visiting the blog could make gains today in both buy/sell..enjoy the day cheers.

GROUND TESTING

Markets world over are consolidating/testing ground for maybe a last heave up,, can they go up straight from here?????? or correct and consolidate at lower levels , in case Highs are not taken out , this will be known in coming days and Intrady only..In the meanwhile 5000-5200 seems to be the range for now.., Trade accordingly..cheers.

NO NOTHING DAYS

There will be days now which this tired market will just be sideways and do nothing at the end of it , Thereby obliging the OPTION SELLERS with depleting values of options..(very frustrating for option buyers)..Hope this period does not extend much...The range is 5000-5200 it seems and break either way could be interesting to see.. for longs keep 5080 SL in close..enjoy the day cheers

RETESTING TOPS

Markets are poised to test 52 weeks high ...& maybe cross it too in coming days As of now OI data suggests build up of calls at 5200-5300 & puts btw 4900-5100..trade with care as we go up) and maybe let the Market guide you , this move up will be 350 plus points..enjoy the day cheers.

SURGING AHEAD

Markets seems to be in a hurry to break the 52 week high, crossing 5080 clearly( again watch this area for downside ) to move ahead..The move up has resistances so keep booking your profits again as we climb up...MONTHLY S/R for december is 4900 with a wide outer trading range of 4300-5500 ..enjoy the day cheers.

TESTING TIMES

Markets will try to consolidate and find its strenght again for any upmove to come.5000 should be a support zone 5080 again a watch area. The moves may be small after a few days of big moves we saw ..Follow the trend and trade light & wait for the market to show its mind....enjoy the day cheers.

FINDING STRENGTH

Markets gave a Giant of a move today to move app.270 points or app. 78 % of the fall..catching many ,who then had to cover shorts in desperation.. Despite of this rise the Markets are still trying to find its strength at EOD today ..All is not very rosy as Europe is loosing all the gains of friday as we closed..I had posted the chart & given the range in the morning.. & this is turning out to be a traders delight of a market giving gains both ways ( short/long side)..Trade it & make money .. The last few days have been good for swing & technical traders....enjoy the day..cheers.

PS: HNI's or large players who are keen to take positional/swing calls of NF & Options and select stocks for good gains ,can be in touch with us ..We follow a trading system . Do send us a mail or chat up in yahoo msng.

WEEK AHEAD.

Markets in Asia are rocking , The chart above suggests resistance at 5011 app. , cross of which takes us higher. The buy in panic dip will hit the bulls eye again on opening..Do keep booking your profitable positions on rise....4960 zone is a watch zone for the coming week..with the inner range being 4800-5100..lets see how markets pan out in the coming days to make any sense of its structure..enjoy your trades..cheers.

SWINGING DAY

These last 2 days have been a great lesson for all who follow technicals & swings..Markets dont respect what experts say ..it respects levels ..Keen followers of technicals can sense these moves..BREACH OF 5050 started the slide yesterday for app. 250 points.. Coming to technicals despite deep correction due to momentum , markets respted the 4850 MONTHLY S/R , to close abt. 100 points above that..News/Events are just excuses for markets to unwind it heaviness & fatigue..For traders the (SELL ON RISE BUY ON DIP WORKS..)what next..lets look over during the weekend some charts to see where we are headed..enjoy the weekend cheers.

UNSETTLEMENT DAY

Yesterday became a UNSETTLEMENT DAY on a SETTLEMENT DAY..due to DUBAI factor as being flashed all over..The fact is 5130-40 zone had to be crossed and close above for markets to move ahead..The hesitancy was obvious & Yesterday it got the trigger to unwind , making many expert stalwarts propagating bullishness vanish..( they will hibernate now) The policy of sell the rise and buy the dips holds good once again..Yesterdays mayhem has done a structural damage to the market..It will take a few days to work out whether this halts around 4850 zone or goes deeper..A small bounce can be expected when we gap down today from the oversold zones..(avoid shorts here)..enjoy the day cheers.

SOMBER DAY 26/11

Today is the day to pay tributes to the Innocent people who died & the Very brave who sacrificed their lives for our country in the carnage of Mumbai ONE Year BACK...Hope the Government & our concerned gaurdians wake up to do their duties ie to take care & protect the citizens of India. A special prayer for KARAM KANG , the BRAVEHEART GM of TAJ , who by his steadfast & exemplary courage set an example of service and courage for all of us. The day has now been etched now in our minds... JAI HIND

SETTLEMENT BLUES

Despite nervousness the markets shrugged of the Asian blues and moved ahead towards the 5130 zone, where a little profit taking came in from the weak hands..We have again closed above 5100 and will attempt 5180 over todays high in the next few days..5080 becomes the watch area on the way down, (the key to profits is keep booking your profits at highs and wait for dips to get in.......) enjoy the day..cheers..

UNSURE RIGHT NOW

Global cues not withstanding, Markets are just about unsure right now on the direction going forward..5050 offered support and deeper down 5000 around should be a support..Markets have to cross the threshold of 5130 around for any upmove towards 5180 going ahead..Take trades as per your risk appetite as the 2 days to settlement may be swinging choppy too..cheers

CONSOLIDATING

Markets again are trading around 5050 zone, trying to hold supports there..5030- 5130 could be a tentative range ,break eitherway could be small break out..trade accordingly..enjoy the day ..cheers.

CONSOLIDATION AHEAD

Markets are poised now at 5100 levels with a range of 80-100 points either way for the next few days. This being the settlement week , volatality can be there so be sure of your SL's in your moves...There is movement in select stocks , keep an eye for them in days ahead..(Dont get confused with wave counts & double talk etc etc , Take your call as its your money)..enjoy your trading cheers.

SURGING AHEAD

Markets added to the gains of friday & closed over 5100 after 23 days..foxing many who had been expecting a slide below 4900 on friday...200 points app. from low of friday..5070-80 is watch area on dips and 5150-80 a resistance zone in the coming days ....enjoy the day cheers.

WEEK AHEAD

Markets made a major move back towards the recent highs on friday surprising many ..We will now be doing TRIPLE TOP here in intra charts..Markets have to cross 5110 & above in the coming week failing which it may drop back once again to test lower range..This week 5030 is the S/R zone and the range maybe 4900-5200..Trade accordingly but keep booking your profits and have strict SL's in longs..enjoy the trade cheers.

SPECTACULAR RALLY

Markets just about stopped at 4930 & did the reverse catching many with shorts & trapped them at lower levels with its speed of reversal....we close above 5050 levels..& Monday should be a good day again with little help from global cues..Hope all enjoyed the calls in the blog in the last few days and were able to make a killing..enjoy the weekend cheers..
PS: New friends visiting the blog can go through the analysis of the last few days to catch up with the trend of the market.

SETTLEMENT WEEK

Markets gave the CLASSIC JERK yesterday due to sheer lethargy at higher levels as no positive cues were there to take it over 5100..Today it may find some support around 4930-50 zone or a little deeper , for a small bounce back & then set course next week as to whats on its mind. NON CLERANCE OF 5090 does not augur well for the BULLS..Keep trading till then..enjoy the day cheers.

PROFIT TAKING

Hope people visiting my blog would have used the levels of 5050 for the Trade today..(We just refused to cross it and then fell hard..)The sell signal was generated yesterday below 5050 was a target area of 4950 zone once markets break below 5010..Hope longs were booked in the last few days and shorts closed today..4930-50 is a old support zone below which ??????? range given already . ..Buy on dips will work again for patiant traders....Enjoy the day..cheers

SOFT CUES TODAY

Markets all over are soft & for us the area to watch still is 5050 zone..The range still is 4850-5250..Stratergy for the day could be buy in dips & trade with strict Sl's from here on..(Profits Booked are the only money gained)..Trade accordingly..enjoy the day cheers.

CONSOLIDATING

Markets are not relenting but just consolidating..5050 zone emerges as S/R zone now .. This zone been held in close now for a few days..Breach of this area in close is not good for Bulls..Targets could be a range of 4850-5250..trade accordingly... cheers.

CRUCIAL ZONE

Markets again are poised at crucial juncture, If it does not take out 5100 clearly, profit booking may set in..Break of 5010 this time may take us into a little deeper correction..Cross & Close over 5110 can test the previous highs of 5180- zone.Trade accordingly..cheers

ROLLER COASTER

Markets are now going to consolidate in a range 4990-5090 & the breakout/down could be 100-150 points..in the coming days, Trade the range with strict Sl's..in either way..enjoy the day cheers..

WAIT & WATCH

Markets are in a zone where it can move eitherway..Breakout over 5120 and breakdown below 5030..Trade the range and keep booking profits..enjoy the day cheers.

RESISTANCE ZONE

Markets gapped up to face resistance around 5070-80 zone..(refer chart posted on sunday) It has to cross and close a few days over 5110 for any upmove, failing which a correction of this up move can set in..Do keep booking profits as we go up..Try to take intraday trades and carry your profits home daily....enjoy the day ..cheers.

WEEK AHEAD

The chart posted yesterday gave a idea of the path ahead..5050-5070 zone could provide resistance ,cross & close of which takes the market to old highs.. S/R zone is 4950 ..watch that carefully when & if weakness comes..Keep booking profits and your Sl's in case there is a sudden dip in the coming days..enjoy the trade cheers.

FOOTPRINT GOING AHEAD

The chart above shows the Speedlines for the reversal of 5182-5038 & now a tentative footprint for the 5038-...?????path ahead..The markets on a bullish frame can move towards the target of 5070 & above and on reversal below 4930 may find support around 4800 zone..Keep booking profits as we climb up & stick to the policy of wait & buy in dip in the coming days..enjoy the weekend ..cheers.

WEEKLY ROUND OFF.

Markets have closed close to 200 points above the last week close..The Gloom Doom of last week has ended in Euphoria this week..The range is 4850-5050 around as of now watch the levels carefully and trade with strict Sl's as the break either way could be a fast furious move.. ..Trade accordingly and enjoy the weekend..will try to post some chart for path ahead during the weekend ..cheers.

SOFT CUES

Markets have deeper support around 4850 zone and resistance at 5050 zone..At 4950 we are in the middle of the range.. Take your call as per your risk aversion..enjoy the day cheers.

PROFIT TAKING

Markets just about could not cross the highs and gave the sudden jerk to Intraday traders in the last hr or two..hope people booked and could buy back at 4930 support zone ( Buy in dips worked well today too)..Markets should cross 5016 in the next day or so otherwise we may look at deeper correction again below 4920..enjoy the day..cheers

CONSOLIDATION DAY

Markets will like to retain the gains of yesterday and push forward towards targets of 5050 around..We will be then over Monthly R1 & Weekly R2..supports lie between 4930-50 zone..keep booking the gains as reversals are also fast and furious and try to buy dips only..enjoy the day..cheers.

SHORT COVERING DAY

Markets went about discounting all weakness here and globally to rally to above 5000...cross of 4950 was the short covering signal ..Huge OI build up during the day of the PUTS abt. app. 78lacs and covering of app. 22 lacs calls shows the days Positive trade..The market is right now completely in bulls hands and RIL did the magic in last 2 hrs..(1802-2130)..So what next..hope all gains were booked today..Markets should have resistance at 5050 zone and supports now at 4950..enjoy the day cheers.

MOVING AHEAD

Markets gave signal of profit booking yesterday..OI data suggests resistance in 4900-5000 zone for the coming days with supports around 4600-4700 zone ...trade with caution going ahead as 4950 may offer resistance..supports lie deeper down so trade light and in the direction with strict SL so as not to be caught on the wrong side of the trade..enjoy the day cheers

CONSOLIDATION DAY

Markets on cue started selling the Gap up (4950)implying that participants preferred booking profits and getting in again on dips..it almost halted at Monthly S/R..(now area to watch) 4780 is a strong trendline support zone of the market from the lows..Cross this time of 4950 will take us straight to 5030 zone..enjoy the day cheers..

POSITIVE AHEAD

Markets will party today due to DOW 13 months High made last night..Well yesterdays DATA of OI suggests huge OI increase in 4700-4900 puts implying the upmove further as CALLS OI have been shed..resistance can be in the zone of 4950-4970 for the time being with a possible target of 5030 whenever this threshold is crossed...keep booking your longs & buy in dips..supports lie in the zone of 4860 the MONTHLY S/R..Trade accordingly..cheers.

POSITIVE ALL OVER

Markets just about carried on doing their march from the despair and lows of last week to move near the MULTI RESISTANCE ZONE of 4900-4930..Remember this is where the breakdown started from..do book profits once in longs if the markets stall here and then wait for a dip to get in again..( Markets generally retest bottoms or make higher lows for bullish moves of future..)enjoy the day..cheers.

WEEK AHEAD

Markets just about moved back from their oversold territory top close last week at 4800 zone..4860 is the MONTHLY S/R( stop & reverse for the traders, above it bullish below it bearish)..The range of the week could be 4600-4900 around with 4720 zone as S/R for the week..Booking profits at highs & Buy in dips could be a stratergy for the coming week..enjoy the day cheers.

CONSOLIDATING

Markets just about moved to the resistance zone in the opening trade where many participants booked their FNO & stock positions in profit..Markets consolidated at 4770 for a while before moving up again.. supports lie in 4730-40 zone ..Next week will set the levels this markets will move to or react from ..Remember 4860 is the Monthly S/R..enjoy the weekend..& the gains of this week..cheers.

COVERING LOST GROUND

In 2 days markets reveresed most of the pain after jerking the weak hands real hard..I had strongly recommended to all visiting here to buy the panic and the dip for a bounce back to 4850 zone..& we reach there today almost ..ENJOY THE GAINS.One can start start booking profits as we gap up and move up..(Till 4900 is not taken out in close for a few days , take this as unwinding of severe oversold positions)4850-60 zone is the MONTHLY S/R.. watch that area carefully for any breakdown/breakout..enjoy the day cheers

ROLLER COASTER DAY

Markets just about roller coastered everyone..Anyone w/o charts or technicals would have been jerked hard both ways..4600 zone held and as the ATP of nifty was so near the Bulls just took the initiative from the Bears and caught them in shorts..triggering widespread short covering..4800-4850 now is a target area provided we remain over 4730..enjoy the day.. cheers

MOVING AHEAD

After a spectacular rally back yesterday , markets may be a little soft due to a profit taking of this rise & global cues. 4500-4600 zone appears to be the support zone as of now based on OI data for a ride to 4800-4850 zone ....keep booking profits in what you bought as we go up & buy the good dips and keep a strict SL as any slippage below 4600 could lead to 4400 levels or below very fast .enjoy the day... cheers

REVERSAL OF OVERSOLD

Markets were oversold deeply by close yesterday and just about unwinded its oversold positions by covering the whole fall of yesterday..Well this is what markets are all about..just about jerked all, forced losses ,gave margin calls , and then absorbed all the morning feed & moved back towards 4670 zone , crossing it with a little hiccup to move back towards 4750 zone above which 4850 zone will give resistance..OI in 4600 puts kept increasing as the day progressed telling us of the strong support of 4600 .. and to go long thereon for the day as Calls were dropping OI fast...Hope friends would have taken the cue in the morning and made money in any/everystock /Nifty today..we were oversold..cheers.

IS IT OVER ?????

Markets today may just about recover some of its very oversold positions with help of global cues..We have been breaking every Lower swing & not crossing the High swings it makes from the last 10 days..FII selling in delivery ,thereby implying selling on rise..Well it has to stop one of these days as 2100 points already shaved off the sensex( we are oversold )..4670 is now a resistance zone and 4510 a support zone...deeper still 4380-4400 around is where this may stop...investments in select shares , in quantities comfortable to you can be done in 4400-4600 zone for the pull back to at least 4800-4850 zone....enjoy the day..cheers..

CARNAGE

Last 1-2 hrs of trade was nothing short of carnage, all technical levels of support just collapsed..It was unwinding all over specially in last 1 hr..Now What..Below 4550 we head towards the 4400 zone as this correction is now based on 3918 wave and its retracement with todays selling..4730-50 now happens to be the good resistance in coming days..Trade accordingly..cheers..

GOING AHEAD

Markets after the break open again to a global weakness still. Refer to the chart i posted on 24th october..4690 was a tentetive target based on the WAVE start from 4350..Below this We are moving in the territory of the wave which started at 3918..supports lie around 4600 zone for the time being for a pull back of some sort due to oversold positions, after which markets will decide the course of action..Structural change is already there for the 8 month ride up now..weekly S/R is 4810-20 with a range of 4450-5150..enjoy your trades..cheers.

WEEKEND DISCO

Markets did what it does best when FII's go in sell mode..huge selling every rise..as there is no one to support..a time comes when even DIi's also sit aside it seems and there is a free fall ..FII's had been selling stock futures for quite sometime & the first sign of weakness they unloaded the Weak index heavy weights, pushing nifty to those depths that no one was ready to wait for to buy..Panic days provide great opportunity to value pickers ..Hope select picking is being done by people who unwinded at top (I feel bad for guys who kept waiting for 5250-5300, never booked & also did not take 5080 as S/R)..Anyhow its a long weekend , will post some charts during the week to see where we are headed in coming days and weeks..cheers.

GLOBALLY POSITIVE

After 8 days of relentless selling some pull back is there today as expected..What a Mahurat trading...?????4900 zone will remain a strong resistance and 4700 zone the support ..Markets should consolidate in this zone , so trade the zone carefully till there is a breakout/down..trading may be subdued and some unwinding later may be seen due to the long weekend..enjoy the day cheers.

SETTLEMENT BLUE

What a end to october series..Despite calls of 5300 & above settlement ,we settle at monthly support of 4750...We are trying to take supports in this zone to bounce from oversold positions..Shorts should be avoided and select stocks which ppl. like can be bought for a small bounce back next week..Markets deeper support is in the range of 4670 ..resistance will be 4900 zone..from where the breakdown started.enjoy the day cheers.

HUGE JERK

Global markets in huge sell andour markets despite taking supports around 4800 yesterday for bounce back , we follow the global cues and head towards Monthly supports of 4750..The fact is many did not unwind at top waiting for 5300 settlement and those who did will start buying here as prices are much better than chasing tops..4900-30 zone now is a resistance zone as structural damage takes place with todays fall..lets hope this correction halts at 4700 around to consolidate ..Trade accordingly.cheers.

FINDING SUPPORTS.

Markets are moving in tandem with the global markets ,unwinding the excesses in the system.If ppl. visiting my blog remember I was warning from start of the month that sell on rise as this is looking stretched quite a bit..Hope the friends who booked at top can find real value again after the last 2 days of panic..( The speedline chart posted few days back also clearly gave the supports to play..)All sectors have corrected well and value pickers seemed to have nibbled in ...Monthly supports are 4750..lets see if that holds and markets consolidate for a while...to see the bounce back..enjoy the day cheers.

STILL SOFT

Markets yesterday broke the strong multi swing support of 4900-4930 zone to close much below it at weekly supports..Any bounce now will have big resistance in the above zone & markets will try to consolidate in the coming days in maybe 4750-4850..zone to make some move going forward.As there was huge unwinding in the of 4900 PUTS OI , the option sellers got caught on the wrong foot here..Well friends thats what the markets are..excesses done on both side..Cover your shorts today for a small bounce back in NIFTY..enjoy the day cheers..

SELL OUT

Markets seem to be looking for a cue to sell out its overbought positions..& RBI credit policy just about gave it the cue it was seeking to unwind..The fall was so furious that even the 4900 level did not hold..We touched the 50 SMA support zone after a fair bit of stay over it..As we are now oversold a small bounce can be expected anytime..supports are around 4800 and only cross of 4930 will we look towards upside..The weekly target below 5080 was 4854 which got touched today..enjoy the day cheers.

TESTING SUPPORTS

Global cues will make markets test suports in the zone of 4910-30..This has been a slow unwinding of longs w/o any panic or furor..5050 zone now appears to be a strong resistance and good supports again lie deeper at 4830 around zone..4900 should hold in close as HIGHEST OI is at 4900 puts..Trade accodingly ..enjoy the day cheers.

WEAKNESS GALORE...

Markets just about managed to creep up with difficulty and dropped dead much before the resistance zone of 5050-5070...????? We have closed at the low of the day..supports remain in the zone of 4900-4950..break of which can cause some serious unwinding of longs..lets see where this halts as the OI data still suggests settlement over 4900 and below 5000-5100..enjoy the day cheers.

WEEK AHEAD

Markets are stable in asia today morning..We should be looking at 5050 as S/R for this week with a range of 4850-5250. Settlement week will have its own volatality, so trade with care and in the direction..do look at the chart posted during the weekend for supports & turning points..enjoy the Week ..cheers.

MARKETS AHEAD

This is a RAINBOW CHART, showing us the various WAVES it made from its rise from 4350 zone to 5181 zone..The speedlines now show the tentative supports in this correction which has started, which shows that we can dip all the way to 4650 in case we start closing below 4950..Hope this helps all visiting my blog here for trades in the coming days..enjoy the weekend..cheers.
PS: We are looking to add HNI's , large daily traders who are looking for technical & trading advise, kindly do contact us in case you need our services.

TESTING STRENGTH

Markets despite the gap up , moved in a tight range to retest the bottoms ..the volatility was high .. The take away from todays trade is that yesterdays bottom was held and 5050-70 zone remains a strong resistance area..the range seems to be 4950-5050 for a breakout eitherway..will try to post some chart this weekend for path ahead..enjoy the weekend..cheers.

BOUNCE BACK

Yesterdays selling was a bit overdone and markets went in oversold zone. With help of global cues it opens up today to correct yesterdays excesses.5070-80 will be watch area for any move up..Failure to close above this zone , will not augur well for Bulls for resumption of upmove towards new highs of 2009...The OI range of options is still 4900-5100 range watch and trade the range till a decesive breakout takes place..cheers.

WHAT A JERK????

Well Well, the writing was on the wall in the last few days..and todays jerk really shook up the bulls /exuberance of over 5300 close in this settlement..The OI data which I have been mentioning here just about gave the warning of whats in store..as OI of 5100 calls went up yesterday( they were being written or sold) we moved straight towards our supports of 4950 area once we could not cross 5080 zone..( Remember the S/R of this week..) 4980 is a support zone below which is 4920..resistance over 5050 will be 5080 again...The lesson here is Always good to be in CASH at tops and buy in a day of MAYHEM.. like today then you are always safe & start with a edge over others , rather than chasing markets when they are at top for the elusive tops....enjoy the day cheers

SELLING MODE

Markets all over are in Sell mode today morning..Despite huge calls of targets of 5300 + , markets thought it wise to unwind as it found no cues to go HIGHER... Good supports lie at 4900 where there is huge PUTs OI and minor at 5000 zone..5100 calls have seen a big built up in OI last 2 days..indicating traders find this as resistance zone for the time being..( PLS. refer to the last few days posts on OI & market techs.)People in cash can find appropiate levels where markets stabalises to enter for a bounce back ..enjoy the day cheers.

PROFIT TAKING

I have been writing here almost everyday that markets are taking profits and distribution is going on..as no new cues are there for a upmove....Hope ppl. did take profits to highs now that we are soft and can again enter at lower levels..5080 below we are closing..this has to be retraced fast otherwise bigger correction can be there....Markets should take support in the zone of 5020-30, below which we have strong supports at 4980..for a move back..enjoy the day cheers.

SOFT ALL OVER

Markets are soft all over, not many cues helping to move forward..watch 5080 in close for any weakness..The selling & distribution is visible from the last few days as every rise is being sold into..4900 still holds a good support for this settlement as maximum OI of puts is there..5100-5300 Calls almost carrying same OI..Thus settlement could be in range of 4900-5200 as per stats of today..Will review this early next week..enjoy the day cheers.

TIRED MARKETS

Markets are not able to sustain the initial gains & are breaking down quite easily to supports..A few more days like this will encourage the Bears to break in the tired bulls..Profit taking and rotation is visible ..though interest still remains in small /mid cap stocks..Watch 5100 levels for any reversal signs as markets somehow seem to be holding here.seems the range could be 5020-5220 going ahead..enjoy the day cheers.

WEEK AHEAD

Markets globally are positive but do not look to be ready for any runaway rally, The area to watch next weekis 5076 for S/R...The range could be 4850-5300..Profits should be booked as we move up and trading positions liquidated at EOD by deft traders so as not to be caught on the wrong foot next day .Trade lighter & quicker with strict Sl..enjoy the day cheers

HAPPY SAMVAT 2066

I would like to wish all visitors to my blog a very happy prosperous coming year. Last one year has been amazing specially keeping in view where we were last Diwali..For coming days 4900-4920( Highest OI in put options) is the Big support zone for any sudden reversal ,close below which will trouble the BULLS....The tentative target of this market could be the ISLAND AREA ...of 5250-5300, which may again become a good resistance zone..ENJOY THE FESTIVAL & THE DAY

WISHING ALL A VERY HAPPYDEEPAWALI

Markets have stayed above 5100 for the 3rd day in a row..Seems Bears are unable to bring it below 5100 levels for the time being and we may be in to test higher levels in mahurat trading and coming days..Enough said /written /talked on markets ..lets close this SAMVAT on a positive note..once again wishing all a very happy prosperous DEEPAWALI..enjoy the festival with family & friends.

WHAT NEXT ?????

Let us today look at the technical side of the markets..Last few days NF OI gets added during the course of the trading day to be sold or profit booked at EOD..( meaning traders not ready to carry overnight longs)The 4900 levels has the highest strike price of OI in options in 4900 puts..( traders seem to have booked profits in 4700 mainly and also 4800 puts shorts in the last few days )..this means market unlikely to break 4900 levels in a hurry in this series. 5100-5300 calls have increased their OI , meaning that max. this rally can touch 5300 , Action is on at 5100 strike price now..so maybe below 5100 we retest 5000 & above 5100 go towards 5200..Trade this range for the time being before global cues/events/profits etc etc catch up with this rally of 7 months..hope this helps and clears doubts of many who have been enquiring from me of the trade ahead..enjoy the day cheers..

MARKET TECHNICALS

Markets does move on technicals got proved very well today..Despite great global cues and gap up, the markets corrected immedietly as we were tad overbought yesterday & with todays open , the opportunity window for shorts opened & then at the support swing..the longs could be initiated ..( hope people visiting here would have seen the morning advise)Sharp Intraday traders would have seen this in their charts and played accordingly..Those who could not see it should redo their homework on technicals..so what next...we dropped to and below 5095 and are over it at close..Still watch that zone for ur trades..bullish above and bearish below..enjoy the day cheers.

GLOBAL PARTY

Global markets specially US/Europe are partying right now..nothing much to add..see the levels given yesterday & try to follow it(5095 watch area)..MY ADVISE..dont chase the markets...But book profits where so ever they are.. enjoy the day cheers

HIGH CLOSE

Markets closed over the 52 week previous highs...Shorts would be worried at close today on the move going forward..Despite of high close, I would be cautious and will be alert on any sudden drop on the way going up.Global cues can push markets suddenly towards 5250-5300..watch 5095 for any signs of weakness in days ahead..5150-70 could be a reaction zone ..enjoy the day cheers.

TESTING HIGHS AGAIN

We should be testing old highs on open as SGX NIFTY suggests..so range of 4920-5110 gets completed again on the higher end..Caution again at heights..Best foot forward is wait and see where it holds supports to guess the next move of the markets..Cross & close over 5110 could take us all the way to 5300 or above..break below 5000 will augur weakness all the way 4900 or below.. the range is set and the move could be quick..trade with strict sl so as not to be on wrong side of the trade..enjoy the day cheers.

SUPPORTS HELD

Markets held on to the 4900 zone for supports( positive divergence in intraday charts on friday) as I had been writing for a bounce back straight towards the old highs over the S/R of 4980 of this week..Hope ppl. visiting here would have used todays given levels to play in longs in NIFTY & STOCKS for good gains today..WHAT NEXT ????..well to start with the Shorters are badly trapped and puts butchered..If Market are able to hold 5000-5020 , A breakout over 5110 can be expected too in near future..enjoy the holiday, cheers..

THE WEEK AHEAD

Markets closed WEAK below watch zone of 4970.Break next week below 4920 in close will not augur well in the short term as( 4900 puts shorts get unwinded then )the range of the markets could be 4830-5140 in the coming week with 4980 as S/R zone. Keep your trades light till a bottom is in place.enjoy the weekend.. cheers.

CONSOLIDATING MARKETS

Markets are consolidating in 4900-5000 zone & as OI of the puts here is increasing suggesting writing of puts which in turn means supports are good in this zone...short covering took place in calls 5000-5200 yesterday, suggesting a bullish up move in the coming days..4970-5050 is a small range ..break of which can test 5110-4920 again..trade accordingly..cheers.

ANOTHER JERKING DAY

Another day of wild swings and jerks Non Technical traders must be having a harrowing day today.. ..All gains given up twice today....Seems markets still are 5000 +/- trade bullish/ bearish..support should be there at 4970 levels below which we go to 4920..the old lows..5050 is becoming a problem area for markets to cross now..lets see how global markets trade..enjoy the day cheers.

RIL BONUS

Morning trade will have the influence of the RIL bonus declared after market hrs..shorters in RIL may have a harrowing time..5000 is a watch zone..bullish above this and bearish below that..range is 4910-5110..lets see how it moves in days ahead as volatality will crush traders with SL's getting hit both ways..trade small & in the direction with care in coming days..cheers

PROFIT TAKING AGAIN

Markets remain in volatile mode...seems smart money enjoying the premium of sold of options in 4900-5100 range by keeping markets in the same range or smaller.. Markets reacted from the levels mentioned in my morning post of 5090 and took supports below 4990 range..Range traders could take trades..Post market announcement of RIL bonus will have its effect tomorrow on opening..lets see how trades go..enjoy the day cheers.

POSITIVE DAY

Markets after the huge 2 way move of yesterday may open a bit up and then just about consolidate for further moves..5090-5110 is the watch area on highs and 5000-5005 area is support zone..ALL LONGS should be avoided below 4990 from now on..enjoy the day cheers.

HUGE JERKING DAY

Markets have been waiting to jerk weak hands in the last few days..hope people visiting my blog would have used the 4990 to watch for any weakness area as their SL.. for a target range of 4910-30 support..Anyhow a great swing trading day today ..watch 5050 above which the old highs of 5110 for any bullish moves..Volumes were huge in the 2 way jerking days..CHEERS

MARKETS AHEAD.

Markets have taken support around 4990-5000 zone for the time being..Only above 5050 will it try to take out the old top..Watch 4990 closely for any weakness ahead..trade accordingly..cheers

MIXED DAY

Markets gapped down & then just about retraced all the losses and then came down to retest the lows again..The next few days trade will tell where we are headed ..4900-4930 zone should be watched in coming days and if we remain over 5030 we may retest or cross the recent tops ..trade accordingly ..cheers.

SOFT CUES

Markets will gap down today as SGX NIFTY shows..shorts should be booked and as when markets take support some longs can be initiated ..Supports lie deep at 4900 around..It will be interesting to see the coming days as breach of 4900 zone in close can take us deep down..and on cross of old highs to maybe over 5200..enjoy the trade..cheers..

FLAT DAY

Markets did just about nothing and the discount in the NF was still there at close..( not a good sign going ahead..)..Nifty Spot touched a technical target of 5110 in open.., now only cross close above this will augur bullishness going ahead , failing which below 5080 zone we may sell off to seek supports down below...DONT THINK MUCH about the Markets ,, it wont go anywhere.., enjoy the long weekend..cheers.

MONTHLY TECHNICALS

The month of OCTOBER starts on a high note..highest for this year...So whats this months range and expectation..4900 is S/R of this month...The range could be 5250-4750 inner range..The outer range much higher..Trade the range to start with & then see how global cues show their hands..enjoy the day & the holidays ahead..cheers..

MOVE FROM 5000

Hope visitors to my blog enjoyed the stratergy given of buy above 5000 OR sell below 5000..( 88 points it went up today over 5000)..What next ??????..who knows..Better to take profits and enjoy on the sidelines maybe for a while ..5075 is the area to watch for down side..enjoy the day cheers.

FLAT CUES

Markets are in no hurry for tearaway rally or fall... 5000 zone you watch and trade as a nimble footed trader in coming days ..It may be another range bound day today..keep your trades small & quick with strict SL....enjoy the day cheers.

DOING NOTHING

Markets opened up and stuck around 5000 zone the whole day doing nothing..lets see where we trade next 2 days..Seems bullish move over 5k & bearish below 5k...Its not a bad idea to sit aside & see what happens and take an entry at some reversal point high/low in days ahead..enjoy the day cheers

WEEK AHEAD

We open today after holidays..The week ahead has as S/R of 4980-90 with a broad range of 5150-4850..This is a 3 day trading week & can be low on volumes..We will open up as SGX NIFTY suggest and will try to climb towatrds old highs..Do trade in the direction with strict SL in place for any sudden moves the markets may give in coming days..enjoy the day..cheers.

TESTING TIMES AHEAD

Markets now move into time zone where its going to really test bulls & bears..Today was a good example..days ahead should be volatile , swinging and fun for technical traders as moves either side should be fast & sharp and anyone catching them ends up in good fast gains....4910-5010 is a range as of now break either way should carry markets quickly in that direction next week..enjoy the holidays ahead..will try to post some chart over the long weekend for seeing the direction ahead for trading..cheers