VOLITALITY GALORE

In the Morning update VOLATILITY   was mentioned by me ,  well it was there in plenty , Volatility shows nervousness in the positions which  traders are carrying & quick reversals and stop loss triggers, makes markets move in wild swings..Maybe in coming days this is more pronounced..Trade with care in the coming days & with strict stop losses...enjoy the wekend..cheers.

MARCH SERIES

Markets should be looking for some decesive move either side soon, as it has been range bound for quite a while and volatality dipping and staying around same levels..the range still is 2650-2750-2850...Maybe in the next few days something triggers that move for break of this range. My advise for now for visitors here is , wait for a dip to buy or Trade only if you are nimble footed or a technical trader..trade with strict stop losses,,,avoid overnight positions so as not be trapped in positions..or small traders/investors just wait a while for markets to unfold their hand.. happy trading ..cheers..

SETTLEMENT BLUES..

Despite weakness of the last few days , the markets managed to move towards 2800 zone for closing..As i posted the pitchfork chart in the morning , the market is already inching towards 2800 above zone..So lets see how it fares in the next few days.. 2760 area to watch for supports......Markets tend to surprise the masses ( all & sundry are very bearish) trade the trend not the NOISE.......anyhow enjoy the day ....cheers..

ROAD AHEAD

Mapping the footprints of ANDREWS PITCHFORK, a reasonable trading range comes in view from the above daily chart..app. ..2250-2550-2800 looks like the range as of now.. The above chart clearly shows where we can head in a weak market in the coming weeks ahead..In case we trade above 2800 for some time, the A P will have to be reversed for targets upwards...Hope this helps all visitors & friends who have been enquiring from me on this subject.. Do get in touch with us for our service details in case you are looking beyond this for more detailed analysis/daily /positional trading etc ..happy trading cheers..

POSITIVE DAY

After huge battering the markets all over bounced with short covering to unwind the over stretched markets..2780-2810 is the area to watch , cross of which can take us all the way back to 2880.. supports lie in 2720-30 zone..So what next????? its settlement day tomorrow and volumes should be low as still there is pressure of lotsizes on the market players and rollovers are less..enjoy the day..cheers..

BOUNCE TODAY

A bounce from oversold positions was on the cards and US after days of hammering just about did the same..Over 2736 we should move towards 2780-2810 zone.. bullish move if anay will come only after a couple of closes over this area...Settlement /larger lot sizes from march series/stress test etc etc will weigh heavy on the MARCH series..Take it easy and see which way we drift beyond tomorrow to plan your investments..cheers..

DIFFERENT STROKES.

Indian Markets moved in their own direction, discounting after open the global weakness to turn and take supports close to our 2660 zone written in morning to seek higher levels the rest of theday.. 2750 will be area to watch again, cross of which is important to move forward again..Take small trades in the direction till settlement, as we could be range bound in the next few days....cheers..

TOUGH WEEK AHEAD

Global cues being so negative and with a constant threat of a slide down from 2660 break, participants will be really nervous to commit positions on the long side in the next few days and may prefer watching to see where we head towards ..2660-2800 is the range for the coming week..trade with care..cheers.

SALUTING A R REHMAN

SALUTING A R REHMAN for all the soul searching tunes given to indian public over the last many years resulting today in 2 OSCARS with blessings of almighty, his mother and wishes of over A BILLION INDIANS....JAI HO..

WHERE ARE WE HEADING?????

Any guesses for where we are headed..comments welcome..""""" cheers..

ROLLER COASTER RIDE

Gap down on cue, ( good we cleared all our longs yesterday at close)struggling at supports of 2710-30 NS the whole day and a smart short covering due to long weekend in INDIA...Brave hearts who bought the sudden dip in NIFTY or select stocks would have benefitted today & later also ..Its been a continuos downside for all indexes for sometime now. Is it time for some bounce back...???????? WHY BREAK YOUR HEAD TODAY..enjoy the long weekend..cheers

RANGE BOUND NOW

We had low volumes/nothing day yesterday, maybe same again today with negative bias due to global cues..The range is still same , frustrating all participants....The Markets wont give much as we are into a long weekend going into settlement week. Options may cause huge damage with time decay so be careful..pick select stocks for delivery over the next 100 -150 points weakness.Take it easy today..Cheers..

NOTHING DAY

As explained in the morning this was to be a nothing day with a positive bias. Stop losses must have been hit both ways as the range was small..Markets are resilious as of now closed over 2754 for the second day in a row..select Stock pickings  were in profit both the days with buying on dip,  even NF & calls paid dividends...Range still is 2650-2750-2850..lets see where we reach first.( no guessing)..cheers.

FLAT CUES.

Markets are just about flat all around , trying to decide from here what to do & where to go..down to 2660 or up to 2880..Well best trade will be stay on the side and let it decide.This is inbetween zone and we r a tad oversold. enjoy the day..cheers.

MIXED DAY

Well markets just about did what was expected by us opened down to start a immediete pull back forcing shorts to cover , (OUR PRE-MARKET CALL OF BUYING 2700 CALLS/ NIFTY FUTURE /SELECT STOCKS ON OPEN ,ROCKED TODAY..)it traded in a zone the whole day and all rise were sold into..with Markets ending flat there by giving nothing away and just about unwinding its oversold positions a bit.Global cues will dictate the next few days movements..supports still lie at 2710-30 zone and resisatnces in 2830-60 zone...enjoy the day..cheers.

WEAK CUES

Global cues are weak and we too will open down and will move into oversold zone... select stocks etc can be bought here for the bounce back , as 2710-2730 NS should lend some support after 3 days of pounding..trade with care & in small qty adding to positions as the trend develops....cheers

RETESTING SWINGS

Markets had moved from 2754 and the 7 days gains reversed in 2 days..Break of 2860 took it all the way down to test the swing lows.Many price support swings lie in this zone btw 2750-2770..Hope this level holds failing which the supports shift to 2700-2660 levels ..Overseas cues can also give some fillup for a bounce to our markets..enjoy the day..cheers.

WEAKNESS ALL AROUND

Soft cues after days of huge expectations of a rally after stimulus package or budget etc fizzling out yesterday...2800-2780 area is where supports can come.. Markets has unwinded now and lets see where the retracement takes us to give us the view of coming days( watch 2880 again)..Trade with the trend as it comes..enjoy the day cheers..

MUCH ADO ABT . NOTHING

Nifty did exactly what it had to do, unwind itself from overbought positions( DESPITE ALL THE NOISE OF HIGHER LEVELS ).Friends visiting my blog would have been cautious about this situation..A move downward has just started, lets see how the retracement fares..from its support zone from either here or lower down at 2810-20.cheers.

WEEK AHEAD

Markets waiting for the event of VOTE IN A/C to get over to move forward. 2900 is the S/R area of this week with a range of 150-200 points as reactive band both ways. Wait for the event to be over to take trade.. enjoy the day Cheers.

BUDGET BLUES

Markets zipped on opening on global cues & then forged ahead on very low volumes to correct at EOD..Where next..Let the budget tell & set the course for next 2 days or so..Till then all the guys who are flat or w/o any positions ..enjoy the VALENTINES DAY.. forget markets -levels -technicals..Enjoy the weekend..cheers..

ZONE PLAY

Seems Nifty plans to remain in the range of 2880-2920 around to wait out the EVENT of interim budget on Monday..Can there be some good news for capital markets which may just give some boost to 2960-2990-3040 zone..maybe ..Failing which as we are a TAD overbought , the journey south may start..Trade low/intraday ,avoid stock longs for delivery..cheers..

WEAKNESS OR CONSOLIDATION

Are the markets consolidating in the range of 2880 range or is distribution/ unwinding going on at higher levels..Buying conviction is lacking ...markets kept testing the bottoms and closed near bottoms..( Tough markets to trade with narrow range and quick volitality)The range of 2860-2960 is being traded in now..lets see where we head in the next few days..cheers..

HEIGHT BLUES

Markets despite recovering yesterday , seems to be nervous at these levels..Asia is weak so will we be,..The markets were a tad overbought and when it does not attempt crossing of highs 2960 zone it surely likes to test lows..2860 zone was crossed after many days of struggle and break and close below that will unnerve the bulls.. Trade light for a day or so and see where we head..Cheers.

CHAK DE DAY

Our markets opened weak on global cues took support again at 2880 zone, spent some time there to finally move up again to close at the high point of the day, though it was tricky at the top, it stilltook a decesive move in the last 5-10 mins forcing shorts to cover.Well the range is set now..... 2880-2960, break either way will take the markets 70-80 points quickly..in either direction.. Trade the direction, though would advise caution here & only intraday trades with smaller lots..enjoy the day ..cheers..

REACTION ZONE..

Seems despite all the noise created by stimulus package etc..2950 remained the reaction zone( we were overbought) todays cues too say we will react again ( we reacted once yesterday too from there)..2880-2860 is the area to watch again today..and deeper down at 2810..Resistance now is 2950 , cross of which only can take the markets to 3050 or above..Hope visitors to the blog , cleared their longs/ stocks and can watch again to see where they can enter..enjoy the day ..Cheers.

WHAT A DAY

Market slowly moved spot on to 2950 zone to react as it should have to profit taking then taking support again at 2890 zone to bounce back for the event tonite in the US..Looks like they have squeezed the juice out of all shorts ( lower rating puts bought in 2750-2800 area completely finished)..so what next..Nothing much today as its already over and lets see what tonite brings..enjoy the day ..cheers..

REACTION TIME

Markets after a 200 point move may give some kind of reaction around these areas..2950-2990 is the resistance zone ans 2860 and deepar at 2830 now is the support zone...keep booking profits , wait for a dip to get in ..cheers.

RESILIANT TODAY

Markets almost stopped at 2880 zone ,stumbled , crossed and moved on to the 2910-30 zone..despite all world indexs being weak to negative.. Care should be taken at this or 2950 levels as the reaction could be expected in this area..We are over bought in intra charts..so any more rise please clear you longs /stocks and maybe stay on the side for a little while..cheers..

TRICKY AHEAD.

Markets move into resistance zone immedietly on open at 2860-2880...and above this 2910-30 will be the reactive range ..supports lie in range 2770 -80.. keeping the EVENT in view iestimuluspackage& its clearance ,could just rock the cradle either way going forward..Low volumes suggest WAIT & WATCH POLICY..Trade in small qty. for a day or so but definitely in the direction of the market..Overnight positions can be avoided for a day or so ,soas not to be caught on the wrong side of the trade..enjoy the week..cheers..

WEEKLY TECHNICALS.

The Markets have been trading in the range as shown above(2750-2880)..The speedline resistance also suggest that cross of 2880 will Take the markets upwards , as it also made swings which were higher lows/higher high ( again watch 2880 after reactions..)..2950 or below will give a reaction again, The supports which the markets take then will unfold the market moves in coming times....BIG BUYERS still vary( low volumes) and will watch close over 3240(in case of sudden rush upwards) to initiate trades..The stimulus package & its reaction also gets over by Monday/Tuesday..Hope this helps all for trades next week..enjoy the weekend..cheers

UPPER END NOW

Markets moved towards the upper end of the trading band(2750-2850) where some small reaction came..but still managed to close at the upper end of the band.Can it break out now on the upperside or will reaction be around the corner again..next week will unfold the whole drama. will look into this over the weekend for the clues with charts & technicals..enjoy the weekend..cheers.

STILL RANGE BOUND

Markets again dipped to take support at 2750 zone , however it is slowly slipping downwards as far as highs is concerned..ie from 2860 zone, now untill & unless it does not cross 2880, upsides are capped..The sideways trading is taking its toll by way of STOPLOSSES both ways..Trade less or maybe dont trade this sideways market and enter the breakout/in ..enjoy the day..cheers..

ANOTHER RANGE DAY

Markets again halted close to 2750 zone to recover with short covering..we have closed below 2800 & if not crossed and close above that we can expect some more slide downwards..These days due to tight range maybe more sl's will be hit than profitable trades..trade with care and watch the range break..cheers..

RANGEBOUND

Markets just about doing nothing, making small moves up/ down now waiting for something to happen for it to take a decisive move..range 2750-2850 still..All should note one fact here that the fall from 3147-2660, we have not crossed 50% retracement so far, despite many days gone by ..Trade light and with care..cheers..

STILL IN RANGE

2750-2850 is what the markets are moving around in..Something is required to trigger the move beyond these levels..the breakout would be fast furious.. The markets are daily closing almost near the lower end everyday , if we are seeking any cues..lets see whats in store in next 1-2 days( no point in wasting time , energy guessing where it is going or headed for , trade small and remain flat at end of day , start again the next day is best way to trade this market.) long term MOVING AVERAGES are flat...enjoy the day.....cheers..

HOLDING RANGE

Markets held 2750 and will look up in the range again as all cues are positive in US and now Asia.Area to watch is 2813 ,over which markets can quickly move towards 2880, below will still be supports at 2750..Trade accordingly..cheers.

vOLATILITY CREEPING

Had mentioned before that both bulls/bears getting nervous now in the range which they have set..2750-2850..someone will BLINK..be sure then that you are the right side of the trade..markets moved slowly and grindingly up thru the day to register a quick unloading in the last 1/2 hr and then some shortcovering..where do we go????? ..This week will surely unfold the underbelly of the markets mind..The range expansion can give a quick 100 points on either way..trade with sl's..cheers.

CONSOLIDATING

Markets may consolidate in the range 2750-2850..The falls /rises are slow tedious and sudden volatile movements missing..It is testing grounds both ways and bulls/bears pulling out quickly after locking their gains. The range expansion will come..watch the trend unfold..watch 2807-2730 range for today in NS.Cheers.

PROFIT TAKING

Markets failed to cross 2880 again , went into a sell mode right from the opening and shorts opened up below 2820 levels..The falls are slow and tedious and most day one does not realise that the market is slipping..its almost at a support 1 lets see whether it drifts further with global cues tomorrow..hope my advise of looking at 2880 carefully helped all again..cheers..

WEEK AHEAD.

Watch 2900 level for your trading in long/shorts for the week ..for today supports lie at 2820-30 levels and resisatnce for the day over 2880 could be 2910-2930..A move maybe coming which may move markets quickly 200-300 points either way..Trade the trend as the monthly techs have already been given during the weekend....cheers..