REACTION AGAIN

Selling was tad overdone yesterdayso the markets just about crawled up the whole day but reacted at EOD from the 3050 zone , which i had mentioned in the morning..Shorts at that level payed rich dividends again in a short time..March closing is also over today for the NAV related propup.. Its truncated week ahead so maybe nothing much we can expect from the market this week..trade light & in direction..enjoy the day ..cheers

SIDEWAYS NOW

Markets unwinded heavily yesterday, maybe trapping the long rollovers..Being the last day of the financial year some propping up maybe in place for NAVs..3050 area will be a watch zone for any pullback. A few closes above that will run up this rally more.otherwise we could be in a sideways mode for a few days before it makes a move again...supports lie in 2930-2880 zone on the lower side..Trade accordingly..cheers..

BULLS TRAP

Markets were quite over bought through the last few days and layed a typical bulls trap for baby bulls on friday, gapping down today , inviting buying in dip, till it broke and came close to our levels of 2980-90 levels..Had written in morning to keep 3050 as S/R of this week..we are trading well below that, and now break of todays low will take us to 2920 zone if global cues tonite are not supportive..( we closed the day with handsome profits of the shorts /puts initiated on friday /today),,,enjoy the day..CHEERS..

WEEK AHEAD

Markets rocketed up last week surprising all beyond technicals too..thats stock markets for us my friends.. so whats up for this week..3050 take as S/R for this week, The range will depend on what kind of unwinding this overbought markets give..watch 2980- 3150 to start with..enjoy the day/week ....cheers..

STILL RISING.

Markets carried on from where they left yesterday despite volatality during the day( it stopped just below the level in the chart i posted.)..distribution/ profit taking was noticed and , reactions to this up move can come w/o notice..This rally is now close to 600 points and 2 weeks.. will look at techs over the weekend..enjoy the day ..cheers..

RETRACEMENT CHART

The above chart I am posting for all is self explanatory on the path the nifty took from 2539 lows till yesterday....Astounding it looks when u reflect back..but if you read the link i am providing of my blog from 6 march, it was clear that if markets do not break oct 27th 2008 lows, we have a BEAR MARKET rally on hands..
Coming to Today.. we are overbought surely and will advise all not to jump at these or higher levels but to let it cool off and then see from there..Funds may be looking to see better NAV to project for March end...enjoy the day..cheers..

http://niftyspotter.blogspot.com/2009_03_06_archive.html

SPECTACULAR SERIES

Who would have believed we would cross 3100/10000 this month when every EXPERT worth his salt was shouting from rooftops of new lows 2000-1800...Many many got humbled...ASTROs/TECHNOs...Hope ppl. remember my post.. around 7/8th march..MARKETS GO AGAINST THE MASSES..Big lesson for all of us.. At highs of 3000 even i never felt we will do 3100 and that too in a day ..amazing but thats markets ..anyhow march will always be remembered for this bear market rally..enjoy the day ..lets look at things as the markets unfolds for the april series..cheers..

SETTLEMENT BLUES

Markets unfolded volatility yesterday with select stocks rising suddenly,Asia is just about positive and we have a 3046 swing from the past where markets could face resistance over 3020..Trade with caution over 3020 as this is getting stretched w/o any unwinding..do book all profits of longs if any left and maybe wait out a few days for some unwinding .....supports lie in 2930-2880 zone..enjoy the day.

VOLATILE TRADE

markets moved in a volatile way , both ways giving nimble traders gains either way.Todays rise up was on the gains of RIL, kept going up-up..What happens when RIL unwinds..????? any guesses...markets never broke yesterdays low 2914.50 or the top of 3017.40( making a inside day ) and now is going up to test the tops or maybe move over that .... what is to be seen is how /where markets move after the settlement , that will set the short term trend..we are overbought and thats something we cannot deny ..trade light in the direction for tomorrow....enjoy the day ..Cheers.

SETTLEMENT BLUES

Markets made massive moves in last 2 days surprising many with it ferocity either way..These are typical BEAR market moves. We are in the settlement week , and there could be volatality in next two days.. 2930-2880 provides some support to the nifty and 2980-90 resistance. Any rise again to the top will bring sellers now..trade light and buy in good dips..cheers.

REVERSAL DAY

Markets pleased to deceive..(OPEN TO CLOSE WAS NEGATIVE)Despite of all bullish calls, I had given reaction levels around 3020 zone for targets of 2880-2850.. lets see where we reach below 2930..The unwinding in a vertical line was expected with this ride up in one direction....Hope people had booked all longs ...as markets were overbought and waiting to react..where does it go from here..settlement will be volatile stay with the trend..enjoy the day..cheers.

UPBEAT ALL OVER

Well markets done the unthinkable, gave a stupendous rally in total disbelief..what a change in sentiment in 2 weeks time..So what next..Time to get serious..book your profits around todays open ( 2970-80) or a little higher at maybe 3020 zone..We have moved into overbought zone so be prepared for some profit taking, buy in good dips..( This is a typical bear market rally)...remember we will be 450-500 points up in Nifty in this rally. suports lie in 2880 and deeper at 2840 zone ..enjoy the day..cheers..

GREEN ALL THE WAY..

Markets gapped up and just about decided not to relent and kept creeping slowly up till a late surge,maybe when big bears threw in the towel after days of anxiety..I hope people remember my post 2 weeks back when i asked all not to listen to the noise by these dooms day guys , but start collecting the shares they like as prices are too good not to traded in..Hope these guys had not put their money where their mouth was , otherwise they would have been wiped out in puts/shorts by now..
Any how time to be cautious as targets of 2950 already hit..One can expect reactions anytime in the coming days..Do book whats in profits in longs/stocks..enjoy the day..cheers.

POSITIVE ASIA.

SGX nifty and Asia is trading in the positive territory thereby any close over 2810 today will be 3 days close over 2800...Is it good for the bulls for a move upwards..I will watch this carefully before commiting on either side..2775 remains S/R for this week..The chart posted during weekend can be used for the range & possibilities..enjoy the trade ..Cheers.

WEEK AHEAD

2800 is emerging as S/R zone for the coming week...The chart above is self explanatory with the ANDREWS PITCHFORK/SPEEDLINES targets with Bollinger Band giving holistic range..Take your call with the trend with strict SL, as it will be the settlement week and volitality will surely be a companion...Hope this helps all visiting my blog..cheers..

BIRLASUNLIFE's INVESTTIMES

Feburary issue of BSL'S INVESTIMES..This article is on MACD.
http://www.birlasunlife.com/distributiontsetIMS/new/Investime_Feb_09.pdf
page43.

TAXING MARKETS........

This is the 2nd day close over 2800 and by doing nothing markets is just about testing the patience of investors/traders everyday..( remember my morning advise , do nothing enjoy the weekend)..another INSIDE DAY today..WILL WE BREAK THIS DEAD LOCK....lets look over some charts/technicals over the weekend for some cues..enjoy the weekend..cheers.

PS: Anyone wanting to chat regards our call service can do so tomorrow morning at my yahoo messenger .

WEEKEND BLUES

So whats up for us today..it seems FII have been holding /guiding the markets in the last week or two, and slowly but surely markets hanging around 2800 zone. There is resistance /feed here but also a feeling that any sudden buying could make markets rush towards 2900 towards the settlement. The markets are tad overbought but can still go up, shorting as proved before also could be a heart burner..so what should one do..either enjoy the weekend and let others decide or trade very light and in the direction..The range(2836-2756) will break thats for sure..enjoy ur trade..cheers.

INSIDE DAY

We made a inside day today , foxing & confusing most traders as markets are not showing their minds & directions .., but they are rewarding the people playing with fundamentals and technicals..Its been a nice good ride from the bottom and the intraday volitality is paying us RICH DIVIDENTS DAILY......Thats why its important to trade with technicals without listening to noise etc..lets see which side the markets break out from these levels..the ride will be quick 80-100 points..enjoy the day cheers..

PS: ( any friends who are confused, loosing money on their trades,due tofree calls/free techs etc etc are welcome to join our service to relax & earn in trades..)

STEAM STILL THERE

Global cues are propping markets at every sign of any weakness ( harrowing times for ppl. trapped in shorts from down under). If the market is consolidating in this zone , then a sudden spurt can just about cross 2836 top made and move towards 2920 zone..supports still lie in 2740 and below that at 2660 zone.. Trade with the trend & ur mind , not with emotions or noise...cheers.

STRETCHING IT

Markets are just about inching up everyday and then unwinding a little..the 2810-30 zone is where it traded and reacted from..these are overbought zones and reactions/profittaking shoul;d be expected in this area.Can we buy the dips ????? Can the markets trade further up till the settlement..next few days trade will give some idea about this..as to now 2740 and below this 2660-2680 provide very good support for a further upmove..enjoy the day..cheers..

TRADE AHEAD

Markets have entered the confusion zone where traders are not sure which side of trade to take. The range of yesterday was 2738-2805.It could just about be a INSIDE DAY today..So maybe trade light ,in direction with small stop loss, so as not to be caught on the wrong side of the trade..& see how it fares ..We are a TAD overbought and some unwinding can take place on further rise..enjoy the day..cheers.

PAUSE DAY.

The continiuos rise finally halted at 2810 zone invoking profit taking, Markets still not showing weakness as yet as it took support at 2740 zone ... Any breach from this levels only will start profit taking with supports at 2660...Shorts/puts initiated /yesterday today yielded good profits. enjoy the day..cheers.

REALITY CHECK

Market is poised to take a reality check soon on this upmove.Expect some softness, lets see where it holds for any more upmove..Resistance are in zone of 2810-30 and Support at 2737 zone below which we go all the way to 2660-80..Book your profits and maybe buy some dip ..enjoy the day Cheers.

SECULAR UPMOVE

Markets just about have dissipated all the gloom & doom in the last few days..THE HUGE WAR CRY OF BREAKING LOWS BY MANY EXPERTS JUST ABOUT GONE ALONG WITH THE PUTS OI.....(MARKETS MY FRIENDS DID GO AGAINST THE MASSES.)..Well is the worst over, maybe not ,but a lesson from this for traders is markets never fall in a straight line..it did unwind its overtly oversold positions..Hope friends did book their stocks bought down & F N O longs today( We did book most longs now)..We have almost reached the reaction zone around 2810.. , lets see how it fares in the next few days..enjoy the day ..cheers.

WEEK AHEAD

Markets after taking support at 2500 zone moved up, and are moving towards 2750-2800 area.. (keep booking your profits of longs/stocks as we go up )weekly stop reverese should be 2660 for any longs..break of which can take the markets all ther way to 2590 area again. Global cues may define the path ahead in the coming few days/weeks as results season start sometime next month and we go straight into the elections thereon..enjoy the trade ..CHEERS

RALLY CONTINUES.

Taking supports at low of 2537 and helped by global cues and oversold positions, markets slowly but surely has crossed the threshold of 2660 to move towards 2750..this has been almost a gap ups , non volatile rally with the NF discount finally easing off..( HUGE SHORTS SQUEEZE, PUTS JUST ABOUT BUTCHERED)....Good profits overall for the BRAVEHEARTS who dipped into select stocks at the bottom last week...lets see over the weekend as to how next week pans out ..cheers..

SURPRISE AGAIN

Markets world over again have sprung a surprise so as to unwind the oversold positions..Hope friends visiting here would at least not have shorted even if they did not buy select stocks..Well as ppl. who bought stocks can start posting profits as they come today& next week...2700-2750 can be a resistance zone.supports lie at 2584...(AS MENTIONED HERE MARKETS GENERALLY GO AGAINST MASSES ..this is a real eye opener,for put buyers/shorters...)..enjoy the ride friends..cheers..

NERVOUS STILL

Markets still are carrying lots of nervous energy with them, as every attempt to close above friday high resulted in selling..The range is 2550-2650, break either side should give a quick100 points move..trade accordingly..cheers.

CATCH UP

As SGX NIFTY suggests we should surely play the catch up game on opening after 2 days of holidays..2660 NS is the resistance zone over which we can trade all the way towards 2700-2750..supports lie at 2585 zone.( see the SPEED LINE CHART posted yesterday)Its very important to watch the US MARKETS in the coming days to see whether they hold/break or make a higher low, This will give us some idea whether we will hold our lows(2530) or not & also if some kind of a BEAR RALLY is lurking somewhere in the background...enjoy your trade if long..cheers.

HOLI SURPRISE

SURPRISE SURPRISE...specially for dooms day advocates..what a rally US/Europe gave last night..if all remember, I have been saying for last many days we are over sold and shorts have to unwind..they did as it was a composite rally of all shares..(We went long in select stocks /options )If markets are able to hold these gains over the next few days..maybe bigger, larger money/funds too start looking in..The above chart of SPEED LINES gives us a tentative range & direction..Watch 2500 now for any weakness, breach / close below this should be SL of longs.. HAPPY HOLI

INSIDE DAY

Markets made a inside day, ie it never broke the HIGH/LOW of friday(2537-2628)..shorts seems to be covered in last trades as nifty futures moved up from the lows..To trade ahead , watch the breakout of the friday's high/low..Again will advise all not to get biased due to all the noise around the markets..REMEBER MARKETS TEND TO MOVE AGAINST THE MASSES.. enjoy the holidays ..will post some tech. chart in next 2 days ..HAPPY HOLI...keep visiting..cheers.

WEEK AHEAD

First of all let me thank my friends visiting here for all the offliners/ mails they sent me on my post on BOTTOMS /STOCK PICKINGS posted on friday .. thanks again guys& will try to look in future also at the reality check rather than getting bogged down with noise..
..Markets After managing to hold the 2530 levels , market will try to see whether this has to be a temporary support or has to seek lower zones for supports. 2600 will remain a S/R for this week with 2660-2530 as trading zone, any breach should take us app. 100 points quickly..being a truncated week with 2 holidays ahead, market participation/commitment may be low..trade accordingly.cheers.

THANK GOD FOR MERCY

Well well it seems , someone read my morning musings and despite bearish calls /enviro, supports of 2528 NS held, and slowly but surely the markets moved up closing again over 2600..at the top of the day. 2660 now is a resistance zone and any bullish move will have to close over this level..lets see over the weekend where we may be heading to....

There has been a raging debate amongst the astrological circles last few week/days of significant plannetary signatures taking place starting tonite & next few days , which have a BEARISH IMPLICATIONS  for coming days etc..WILL IT HAPPEN.. ..only the experts know, all i know is we were/ are oversold ..and unwinding of shorts have to take place..enjoy the day..

FEAR IS THE KEY

Markets specially in US are being completely governed by Fear right now , with no positive cues in sight.Lets take a REALITY CHECK of our markets..In general leaving aside a few select Index shares most shares are below the oct'08 lows..almost between 5-15% maybe of january2008 highs..so whether index is at 2650- 2550 or at 2250 how does it matter to the investor..Wise people recommend BUY when there is FEAR ALL AROUND ..can we go down to any levels which market pundits are discussing everyday and all the day..surely we can..they are just NUMBERS in this game now ..I feel time has come when People who are serious stock market investors, to start looking at those shares which they always wanted to buy and are now battered/butchered beyond shape..( put your foot in as no one knows the bottom..)maybe keep away from those index propping shares which will face the music on the day of the panic......My submission is if you have survived your buys of 6000-4000 levels and are still around the markets ..buy around these levels wont kill.. get out of this index levels mind game..look beyond that..THINK ABOUT IT??????..time is coming to take the call with the mind rather than the heart....enjoy the weekend & the coming holidays next week..cheers.
ps: your views on this will be welcome.

SELLING GALORE

This was one of those days when the selling was in real slow motion and at the end of it just wondered , why i could not see it..Unwinding at such oversold levels does not augur well in short term..Can it slide down more , why not it can easily if there is more unwinding , but initiating shorts here wont be advisable..markets have to cross 2650 soon to give some support ..The weekend ahead and 2 holidays next week may keep many ppl away ..lets wait and watch what unfolds before stepping in..enjoy the rest of this day..cheers..

CAUTIOUS AHEAD

Markets just about held on to the 2600 levels yesterday too , any breach can take it 50 points quickly down ..range now is 2600-2700 (+/-) 50 points. Asia is not very encouraging right now , however still a bounce can be expected around these areas..trade light and in the direction..cheers.

2600 LEVELS HELD

Despite Asia being in positive & Europe also opening in green our markets just about were so very sluggish the whole day , riding up in spurts on bouts of short covering . As i had mentioned in morning markets are a TAD oversold and due for a bounce , slower indicators may be turning for a upward move in intraday charts ..Be nimble footed/ light and trade with strict stop loss in the coming days....enjoy the day.

SUPPORT ZONE

We may be approaching a small support zone around 2600-2550, where after days of weakness markets may take a breather and can give a small bounce back..Most markets are in oversold mode right now and some reversals should be expected..2550-2750 could be a temporary range..select stocks can be traded on intraday basis in the next few days..enjoy the day cheers..

DEAR VOLATILITY

HELLO, we were really missing you.. and here you come..everyone around was cribbing about the boring small range market & you quietly came in , expanding the range which i had mentioned a few days back..Now what????get ready for RANGE EXPANSION and WILD SWINGS, which definitely is a paradise for nimble traders but a nightmare for small FNO or investors. markets managed to keep its head over 2600 NS levels closing below 2660 for the 1st time signalling weakness....lets see where it takes support for the pull back as we have moved into oversold zone ..cheers

US /ASIA DIFFERENT STROKES

Seems US is unfolding all the problems in its belly by the way of daily melt down in the markets there..Are we in Asia trying to say we are different..At least i am thoroughly confused also now as where- what we should believe or hear about..This extreme chest beating daily of testing lower/lower levels by our markets is somehow taking a toll on the participants as volumes somehow seem to be falling daily..SO WHAT SHOULD ONE DO..maybe wait out this period, or do some select stock buying and be prepared to buy the same small qty at lower levels..FNO play I would recommend to be done only INTRADAY..technicals /charts are giving divergences too..coming to our markets ..the range today could be 2635- 2660-2730 NS...enjoy the day ..cheers..

WEAKNESS ALL AROUND

Markets just about crumbled all around Asia and then in Europe, giving us a weak close too. It just teased the the old low of 2661, closing a tad above that..opening and closing time put pressure on the markets to sell out..Markets are at crossroads, any further push and it can head straight down towards 2550 levels if global cues do not help..and if it takes supports here can just about move back and retest 2750-80 maybe again..gap ups/ downs not helping traders at all..trade with care in the coming days..cheers..

VOLATILE MARCH

March series/month seems to start with volatility/sudden ups/downs as triggers to move up are just lacking now & all stimulus failing, time & again.2800 will be the watch area for march month. A pretty gloomy picture today morning with Asia in deep red( good we cleared all longs on the weekend).The range may expand this week ,be careful in longs as supports are being pressed.2600-2850 seems to be the weekly range as of now..will advise trades...DONT RUSH to go long ..happy trading..cheers..