MONTHLY RANGE FOR FEBURARY

Markets are almost at the threshold of S/R of the next month ie 2900 , with a range of + _ 500 points..As huge surprises and volatality may again creep up be very careful of trades next month so as not to be caught on the wrong side..The financial mess and the stimulus are going hand in hand and this range of 2700-3200 has been the area of trading this last 2 months..Will this range break or remain same for this month too..difficult to say but possibilities are high that a break may take place....Positional trades can be taken for end to end trade till the range breaks which may give a quick few hundred points of nifty..All the best..cheers.

TAKING SUPPORT..

Markets just about took support at 2780 zone and after initial consolidation just about moved up very slowly above 2835 NS to register a tad higher high above yesterdays top..its retested it top again now will it move towards higher targets of 2930-2990-3050 again..or we retetst 2650-2580-2530....Where does it go from here..will look into technicals /charts over the weekend to see where the resistance /supports can come, and what direction markets take next week..enjoy the weekend..cheers.

PROFIT TAKING

After a decent rise traders again move into the profit taking mode from 2880 zone, supports lie at 2760, and deeper at 2720..Despite of huge very weakness calls , january is just about passing off without much damage done so far..Next week or so will set the tone for the direction of the markets in feburary..trade light for the next few days to take the bigger move..cheers..

PROFIT TAKING

Our TODAYS before market call in paid service of ...SHORT NF AT OPEN & BUY PUTS, rocked today with some great profits....(profits also booked in all longs in stocks etc )..this was in sequence of my observation yesterday & today too that we are reaching the top of the band to watch 2880 closely today..(markets never crossed 2880)..This is pure technicals which consistantly deliver results rather than some mumbo jumbo observations, with dual predictions,which generally fails & means nothing for serious traders..(YOU NEED HORSES FOR COURSES..)..anyhow coming back to the markets, the settlment is over, markets will try to see and find a range with a mean of 2800 now..lets see how next series unfolds in the next few days..cheers..

SURPRISE RALLY

Despite of huge Bearish calls last week, from techno & astro specialist..markets did the exact opposite and slowly crept up and is now approaching the higher end of this range..I sometime seriously wonder if these experts PUT THEIR MONEY WHERE THERE BELIEF/MIND/MOUTH IS ..and if they do then they should have gone bankrupt long back..will request all visitors to my blog to take all FREE ADVISE (including mine) with a real pinch of salt,evaluate and trade with strict SL..so as not to loose their hard earned monies..just drop ppl. who are consistantly going wrong..irrespective to what reasons they give later..they just epitome the noise of the stock markets..Watch 2880 area carefully..cheers

POSITIVE DAY

Markets opened strong again and , despite of profit booking/distribution/lower volumes ..just kept moving up reaching a overbought stage ..the range again gets completed of 2650-2850..Expect reaction from here or a little up at 2870-80..This move has surprised many specially as all were quite bearish last week with quite low projected targets ..trade with care and keep booking your longs ...enjoy the day ..cheers..

MOVING AHEAD..

Markets in Asia still in truncated trading due to chinese new years holidays..coming to our markets it may move to the range top of 2800 around and take cues from there for this settlement trading..expect some sudden volitality next 2 days ..trade light and in direction..supports lie now at 2720 zone..cheers..

SURPRISE SURPRISE

Despite huge calls of gap downs/weakness etc , the markets just gapped up and kept moving up the whole day ( it was at very key supports at 2660 on friday..) lead by RIL, who else..markets going towards the top of the range 2800-2850..do keep in mind that the volitality will be there till settlement..so trade carefully and with SL..cheers..

WEEK AHEAD

Markets in Asia are mostly closed today..some upward bias after days of selling can be there..Range next week could be 2600-2800..Expect volitality to set in again in this settlement week.Its to be seen which side the breakout comes at...enjoy the trade ..Cheers.

ARTICLE IN INVESTIMES january issue

The new article in BIRLASUNLIFE , INVESTTIMES january issue..cheers.

http://www.birlasunlife.com/distributiontsetIMS/new/Investime_Jan_09.pdf

WEAKDAY

Markets opened weak and almost remained weak the whole day drifting towards 2650 levels ..Tough days for traders everyday as the fall is so slow and halting..If these levels are breached on tuesday , we can expect a ride to 2570 and deeper at 2530,,,,resistance now shifts to 2710 and 2760 above..Enjoy the long weekend..cheers..

LONG WEEKEND TRADING

Its a long weekend ahead,markets all over are soft, 3 days left next week for january settlement, whats to be done????? range right now is around 2650-2700-2750 and maybe for the day..trade light and cover positions at ay end and start afresh from tuesday..there could be volatality in store next week , beng the settlement week..cheers..

NO NOTHING DAY

markets as discussed in morning is in the zone of NO-NOTHING DAY..brokers paradise..The zone of 2700 again held up..and it never tested 2650 or lower levels..cautious closing going in RIL results..range narrowing now to 2750-2650 maybe..lets roll over the result tonite and the long weekend..enjoy the day ..Cheers..

CONFUSING SIGNALS.

markets last few days/week has been just giving confusing signals everyday, thereby whipsawing both ways(had warned about this phase to all abt. a week back), this always happens when markets are not sure and both BEARS/BULLS are edgy and like to cover their profits..2700 zone is still offering respite to bulls where they will try to pull back, but lack of buying makes them slip again & again..So brace urself for NO-NOTHING directionless few more days ahead.keep ur trades very light and be nimble footed....Options should be played only with very strict stop losses..happy trading ..cheers.

WEAK DAY

Markets opened weak and after a few attempts seems to give up completely in late trade to retest recent lows, it can go lower from here if it quickly does not recover over 2700 and move up..2650 will be a area to watch below 2700 for some support, resistance now is at 2760-80 zone. buying was lacking completely in trade today..trade carefully the next few days..cheers..

THUMBS DOWN IN US.

US markets gave a thumbs down to Mr Obama start of Presidency..the event is over and gives freedom to markets to move on from here..There is no great/vicious melt down so far like october'08..the range still is 2700-2800-2900, Traders are trading this range on both sides..it has to be taken out either way soon and that move could be fast furious..be careful and play your positions with very strict stoplosses..donot average your loss making deals specially in nifty options..cheers..

WEAK DAY

Markets opened weak(BOOKED OUR PUTS IN GOOD PROFIT), and just about stayed at those levels with a very narrow intraday range..Its becoming difficult for intraday traders to take calls and markets do nothing for most part of the day and then suddenly takes a whipsaw..Lets see what Mr Obama offers the world tonite & then we get back to the serious business of stock markets..range still is 2700-2900 till it is breached on either side..Cheers

WEAK CUES

Markets yesterday were doing nothing , moving in a tight range and were a tad overbought..Our decision to get into (PUTS IN LATE TRADE will pay DIVIDENDS in the OPENING today itself)..2760-and deeper down 2700-20 range should provide some support ..Resistance again is in the 2860-80 zone over which 2950 appears to be a good supply zone. Had advocated caution to small invetsors /traders of this whipsaws a few days back ?????keeping booking profits either way.. ....cheers..

NO NOTHING DAY TODAY

Markets just about were stuck in a range for the whole day pleasing to deceive again and again..Volumes were low and maybe everyone was looking at (Mr obamas speech tomorrow night) for some cues..today 2860 zone was attempted again, over which the supply zone is 2900-2930.. supports now deep at 2700-2720 zone..lets see some reaction should come to this move up..enjoy the day ..cheers.

POSITIVE CUES.

The Friday positive move may have a small followup move today, watch 2850-60 again closely for the cues. Markets seems to be searching within itself to look at how to move forward as FII's still are selling into all rallies..The next few days (Mr Obamas swearing etc ) finishes all events for the markets to unravel whats in its mind..Play small/safe, dont get carried away on either side..cheers..

NEXT WEEK

Due to a tragedy in the family , could not post the market roundoff yesterday evening , Hope all friends bear with us. this gap in posting.....
markets rallied right from the word go as 2700 was held day before...right upto 2839..So whats happening , why the sudden reversal.. This is the huge volitality swings which come when markets are at crossroads and both the participants ie BULLS/BEARS start getting nervous of their positions and reverse fast, leaving smaller players or ppl. with very firm opinions w/o support of technicals hanging in the air with their views..and this happens on both sides..giving losses..( had asked small investors/traders to stay away for a few days due to this only..)as markets will dance now to the tunes in range of oversold/overbought with such 100 point daily rallies..watch 2790 closely next week, the range now is 2700-2860..breakeitherway can give some fast furious move..happy trading cheers..
PS: would like to give special thanks to all the guys who have been discussing us in various forums/chat rooms..keep it up GUYS ,its helping us & giving us free publicity for our blog & services...CHEERS AGAIN..

ROLLER COASTER AGAIN

Markets are back to their roller coaster mode, which means all may not be well beneath all the facade..watch the lows (2700 zone) very carefully , break of which can trigger a fast free fall.. as markets are positive all over , we will trade higher today but watch 2820 again and trade light for a few days or maybe weeks so as not to be caught in a sudden volatile state of the market in either direction.....cheers.

SO WHATS THE TAKE NOW.......

Huge weakness all over the globe today before market open still it did not break the threshold support of bulls of 2700..markets resiliance is seen from the way some index stalwarts held their ground today, and bears were getting nervous time and again..its been now 7 days of fall from the top..As this levels seems to hold we may make a run again for 2820 zone or above ..enjoy the day..cheers..

WEAK AGAIN

It seems markets pleased to deceive..short covering was fast furious as usual..As mentioned in market roundoff yesterday evening we can go either way, all the way down or lower or higher too (we closed all longs at close yesterday). So what next??????? GAP DOWN, sure SGX nifty trading low , lets watch 2700 closely break of which has supports around 2680 zone ..2750 will be a future S/R zone..and 2830 as a resistance zone for any move up..small traders/investors can stay away for a day or so to let markets seek its logical bottom ..before entering any longs in stocks or otherwise...cheers.

SHORTS CAUGHT

Market was ripe to catch the shorters, and it did despite all bearish calls , markets opened strong and kept trading up..reaching almost the target of 2850 zone..it closed at the top , lets see where it ends up in the next day or so..maybe goes down to retest bottoms or lower or moves up smartly surprising all..will look into technicals later and post tomorrow..enjoy the day....cheers...

WHAT NEXT NOW

Markets tested 2700 zone last 2 days ,failed to break that , so if we are not breaking that level we will head towards 2800-10 ,cross of which will take us to 2860-80 zone. It looks like a positive open to close is in offing today after the SATYAM fiasco day..(well we were quite overbought then & ripe to fall str8 down..)..trade the trend..cheers..

VOLATILE DAY

markets kept hitting the selling button time and again (even in late trade , to recover fast,,,seems bears are a bit nervous to carry shorts beyond 2700-2730 zone )..care still is advocated in shorts as reversals can be fast furiuos..can it fall more???? who knows....after todays one feels tomorrow we could easily be at 2650 or 2850 ........lets enjoy LOHRI and leave all this volatality behind. for the evening .....HAPPY LOHRI...rajan bhatia..

RESULTS SEASON

Starting today markets will start reacting to results..(well they already have reacted )..2700 around zone now emerges as a support area for this slide and deeper down at 2650-70 area ..& 2810-20 area it has to cross to make a move up towards 2880-2930....trade carefully as we have already soldout a lot..CHEERS..

REACTING MARKETS

Markets just about started at the levels we gave of 2865(watch area), reacted and went slowly all the way to 2750 zone , even good IIP data did not help..and it closed almost at the low of the day..Markets are overstreched now on the lower side, waiting for the results season to start..A bounce can be expected on global cues from these area..trade carefully on the short side..cheers..

WEEKLY TECHNICALS.

Markets are soft and have to find their path in the coming days ..as its a tad oversold and 2800 somehow is being held, a rise up cannot be ruled out from here or lower levels(watch 2865 ,NS closely)..weekly range seems to be 2750-2940-3070..watch this range for trade ..cheers..

HOW TO TRADE AHEAD

Many friends visiting here have been asking me for my views on the path ahead..(also for CHRIS & all FRIENDS from MJ)..The above chart is self explanatory, I have posted the fibbo speedlines/channels etc ...Area to watch will be 2800 zone ,break and close below it. takes us to 2500 around...Below 2500 is free fall.. above 3240,we can go all the way to 3500.....enjoy the weekend..cheers..

PS: You can always join us in our paid service for intrday/positional calls of niftyfuture/niftyoptions/select stocks .

WEEKEND ROUNDOFF

Markets just about opened at levels mentioned in morning , traded the whole day in the range , giving us a good trading range for the day...2810-2930 app......where is it headed now ???????????..lets see into the charts /technicals over the weekend for the same ....enjoy the weekend..cheers..
PS: Do keep visiting for the free technicals that we post twice a day for you all..

WEEKEND TRADE

Markets on WEDNESDAY covered huge distance from the top keeping THURSDAY holiday in mind,supports are near and today trade should be flat to negative start with lower volumes & maybe narrow range due to weekend factor..2860-2813 deeper down and 2950-2990 above should become the range of trade now ..happy trading..cheers..

HUGE BUST

This was a real rocker of the day for our technicals , despite bullish calls by many, we called 3140-3060-2930 NS in correction..MY CALL SERVICE SHORT CALLS IN NF 3135-40 AND BUY OF PUTS 3100..ROCKED YESTERDAY & TODAY..& SELLING OF STOCKS..this is what i had been warning of ,SUDDEN SWIFT FALL..any time.. as we were OVERBOUGHT....
PLEASE GET IN TOUCH WITH US FOR DETAILS OF OUR PAID SERVICE..WE WILL MAKE YOU ROCK WITH OUR ROCKING CALLS..
09811045568 rjn_bht@yahoo.co.in/bhrajan@gmail.com

BIRLA SUNLIFE ARTICLE LINK DECMENBER ISSUE:
http://www.birlasunlife.com/distributiontsetIMS/new/Investime_Dec_08.pdf

Page 44 ,PRICE PATTERNS.

VOLATALITY GALORE

Yesterday was a classic volatality at tops..huge fall and strong hands holding, expect a rise to 3162-90 over 3140 tops made..( market is at crossroads at 3200 levels can run 150 points either way...)the next few days will clear this..Still will advise caution on all longs..small traders better stay away instead of getting whipsawed daily.. any correction from these levels could take us down to 2930 area below 3060 levels..trade accordingly ..cheers.

ROLLER COASTER.

Markets made a positive move in morning and kept trying to move up , stalling and just tumbling to supports of 3050 zone ...(good we booked profits)before making a U turn and reversing , covering all the losses of the day..markets are still overbought and near reaction areas, results facing us in coming days ..lets sleep over this and look deeper in to the technicals for some semblence of these moves , again a very foxing day.. .enjoy the day..Cheers.

WHATS NEXT

Markets have been doing a daily last hour surge ,triggering the SLs and ending higher..WHATS HAPPENING...The band was 2800-3200 and after touching the low , we are slowly creeping towards the top end of this range..Wild bullish figures are now been thrown by experts ...As we r reaching the upper end of this band ( all indicators are mostly in overbought zone..), i will be vary at these levels and again request all to keep booking their stocks in profits..3150 is area to watch above which 3175-3200 is a resistance zone..happy trading..cheers

SURPRISE RALLY

The last hour trade just took most traders by surprise( including myself) after moving in a very tight band the whole day...as they moved on a few select shares ralling namely RIL, ONGC etc to cross the old high of 3110 , where stop losses got hit.. will watch 3150-60 very closely tomorrow for any reaction to come failing which we will be heading to wards 3200 zone then.Supports now are at 3050 and 2990 ..take care ..cheers..

WEEK AHEAD

Its positive mood all over right nowdue to global cue & local stimulus..well we are also reaching the top of the bend and results just facing us in the next few days ..2990 this week will be the S/R , so watch that for longs, resistance lies in 3100-3150 zone..trade accordingly and investors should wait for dips toreinvest rather than chase the market..take care CHEERS..

WHAT MAKES ONE A GOOD TRADER

Contrary to the myth , that just knowledge of technicals is the KEY to being a GREAT TRADER, TRY being HUMBLE, respect the MARKET, have some VISION, PATIANCE, PRESERVERANCE & learn the ART OF TIMING, SEE HOW IT WORKS wonders ....CHEERS..

MARKET ROUNDUP

Markets kept swinging ..stopped at app. 3080 and reactions came fast furiuos..3110 level over this is the area to watch and 2990 below for supports ...lets see how US markets pan out and how monday opens.. after the stimulus package is given tonite by our government..remember it will be results time by next weekend and things have not been good last 2 qtrs...Hope friends had booked their stocks in profitable positions..enjoy the weekend..cheers..

MOVING AHEAD.

Markets are moving ahead despite most markets being shut on different days all over due to new year..3045-3080-3110 is where some reaction can come again, keep booking profits and be light on your profitable portfolio......supports again are at 2990 and deeper down 2950 zone. Happy Trading ..cheers

POSITIVE START

After doing nothing for most part of the day nifty suddenly turned crossedthe previous highs and moved towards it target of 3045.....watch 3080 zone for resistance to this upmove..The range in the coming weeks could expand as 2850-3100 range now is being tested at the top..warm wishes to all...enjoy the day....

YEAR AHEAD FOR US.

Ater closing near 50% levels or december 2007 , markets are poised to make a move in the coming few days as key players move back to their desks after the holidays..The key will be Fresh money injection by smart money if they have the conviction that governments are doing the right things to boost their economies etc..and results not very disappointing..Failure of this can again slide th markets to test lower levels or lows made in october in the coming few weeks..3240 is a very important level to watch...Trade carefully and indirection . WARM WISHES FOR ALL ..RAJAN BHATIA.