BIRLASUNLIFES INVESTTIMES ARTICLE

The latest article in March issue of INVEST TIME on page 16.this is on RSI.
http://www.birlasunlife.com/distributiontsetIMS/new/Investime_March_09.pdf

RESILIANT AS EVER

Markets once again moved up stayed around 3440 zone for the whole day to make a decesive move at the last hour to give another spectacular close for the april series..We are again close to the tops of 3520...The long weekend would have made most close their positions and take trade with a fresh mind from monday onwards with 2 days holidays ahead..enjoy the long weekend..cheers.

SOME RETRACEMENT

Markets will open up due to global cues today & will retrace some of the sold positions of yesterday. It could be volatile due to settlement , and also with the long weekend ahead , participants may like to trade and carry light over the weekend. With a gap up on open market may not do much, 3420 zone is a watch area for today..enjoy the trade.. cheers.

PROFIT TAKING.

markets just about made a double top yesterday, broke the trading range and moved towards the weekly support of 3350 zone..Buy in dip may not have suited many today and unwinding went on till the end of the day...So where would the settlement be..we are almost near small supports and a bounce can take us all the way back to 3420 zone..Trade the trend & direction as it is a settlement day tomorrow...cheers.

SETTLEMENT BLUES

markets are just about trading in the zone of 3430-3520 & maybe spend time here for the next day or so of settlement also. This week is truncated with holidays and serious trading will start in May series next week. Trade light , in direction ,in this range..enjoy the day..cheers.

RESILIANT STILL

Markets still going strong,despite very weak global cues...it just broke the previous high to sell off hard ,...otherwise all sellouts were bought into..Best deal in town is daytrade in the direction & trade very light , swing /turn as markets turn..Take care ..cheers.

WEEK AHEAD.

First of all A VERY HAPPY AKSHAY TRITHYA..A detailed outlay for the market was given over the weekend.. Watch 3420 as S/R for this week.any This is a truncated week , with trading till 29th april only..the range could be smaller 3350-3550. enjoy the day..Cheers.

THE PATH AHEAD.

There has been lots of friends mailing me or asking my views on what i think is the path ahead, as many appreciate the 6th march posting i gave for buying into the fall for good gains..
Lets look into whats in store for us and what has happened in the last few weeks. Technically we made a low SEVEN WEEKS back at 2539, on 6th march '09. This rally is 7 weeks old from there. 8th week and around can be a turning point. Now what have we been doing..?????? We travelled from a low of 2252 to 3247..in october to early November.. From then on every rise has been sold into , leading to a final frenzy towards the 1st week of March. I had mentioned also that its very important that if the 27th oct low days close WHICH WAS 2528 is not breached , we can head up, and had also written that despite still being around 2550-2600 levels the prices of many many stocks are below oct . lows and requested all to start buying.
Lets move a little backwards.. This fall to 2252 started from a high of 3648 on 14/10/08, so if we look at the swings of NOV '08 and top of OCT.' 08, the only swing we have is 3247 then 3648......and we made in this run 3511..So as we never broke the oct low , will we break the oct top...Maybe not in this rally....This rally may either end below 3511, or go towards 3648 or make a lower anywhere in between 3511-3648...
The swing below levels are LEVEL OF 3300 ZONE now , break of which can take us all the way to 3150-2950 zone..
So the risk reward now is not in favour of holding longs overnight, play the momentum and savvy traders can look for shorting opportunities in the next week or so when or if profit taking sets in..Small investors /traders should wait for a good dip to get into this rally again, which may move up till beyond middle of this year after a good dip..
I hope this sheds some light for all those friends thinking ,waiting to see where we head..enjoy the weekend..cheers.
PS : You can always join our service for nifty future /options/select stocks trading in case you seek professional/technical help.

TESTING TOPS

Markets slowly inching towards the old tops once again , and the bulls mostly gaining till now from yesterday..Will we cross the old high and move on or this becomes a double top and we finally relent..Lets look over this through some charts over the weekend for some cues..enjoy the weekend..cheers.

RETESTING TOPS.

Market broke out of the downward trending channelwhich I had posted yesterday morning in the chart ,to close higher..3511 will be watch zone again..and 3420-3380 as support zone.. There could be volatality again as BULLS & BEARS will fight this 3450-3500 zone hard..trade carefully and light and try not to carry overnight positions..enjoy the day ..cheers..

PARTYING AGAIN

Markets again surprised everyone with a late spurt breaking the channels I posted in the morning for all to see ie 3380 then 3420 closing above it..So where do we go from here, well cross of 3500 can take us all the way to 3650-3750 zone, and failure this time makes it a DOUBLE TOP , inviting selling again ..enjoy the day..CHEERS

FALLING CHANNEL.

Markets have been trading in the above FALLING CHANNEL last few daysas shown in the above intraday chart making lower highs/lows.in the process, literally unwinding on cue at every rise...The chart is self explanatory, follow the pattern, just remember any close below 3300 will invite unwinding..enjoy the day..cheers.

RANGE BOUND STILL

Markets still moving in 3400-3300 zone , making lower highs/lows..closing in the negative today. Serious selling still not emerging and intraday dips still bought into..Caution from now onwards for any close below 3300 will trigger massive unwinding of longs & long awaited correction will set in..close above 3400 now can maybe resume the journey up..enjoy the day cheers.

STUCK MARKETS

Markets just about doing nothing , closing at same area after the whole day of volitality.its becoming like a buy in intraday dip and sell on intraday rise..This routine is going to break soon , which side cant say...watch 3300 at bottom and 3450 at top for some cue..enjoy the day cheers.

VOLATILE DAY

Markets just about took support at 3300 zone again and bounced back , making a lower top for the 3rd day, then giving up the gains..closing almost around the same zone for the 4th day in a row...Neither the gains nor the losses are of any consequence in last few days..its closing now below 3400 also..the range is being set slowly in 3100-3700 with 3400 as the S/R..enjoy the day..cheers.

GLOBAL SOFTNESS

Six weeks of continuos rise and the last few days of distribution finally seems to be giving way to profit taking globally and we too should be reacting to this. Had been writing before too that profits should be taken and to wait for good corrections to get in. BE PATIANT. 3410 zone will remain S/R of this week and below 3320-30 supports lie in 3260..Trade ccordingly.cheers.

VERTIGO HERE

Markets have been continuously in a distribution mode from the last few days..Are the bulls tiring and bears waiting to pounce..Lack of cues will give momentum to bears..we have made LOWER TOPS/ BOTTOMS today..Break of 3310 will take markets deeper down on unwinding by long term bulls..support of 3350 zone can again makemarkets attempt for 3420-3450 zone or above on buying supports..Global cues will tell whats in store..enjoy the day cheers..

WEEK AHEAD

Markets moved in the range 3350-3500 last week, closing at the lower end. 3410 zone is the S/R for coming week,with a range maybe of 3200-3600.The percentage gains of this rally was very good week after week for first 4 weeks, last week or so the markets have done just about nothing, maybe waiting for some more cues/news to set the direction. Lets see how it fares..enjoy the day.cheers.

SAVVY TRADERS DAY

Sorry guys , Just could not get time to post in the morning due to pressing work( new friends joining),.Anyhow markets were to retest tops , the move was fast , typical of tops & then after long the markets made a lower top and just stopped at the bottom..So what next..A major STAR(VENUS) turns direct tonite , this turned retro on 6th march and from deep depression/depths we are reached 3500..will it reverse the gains ?????next week will tell( we are overbought & very volatile here, the rise / falls so fast furious...thats why said non savvy traders take a break for a few days..)Watch 3425-3450 on the rise and 3310 zone below..close below that can take us to 3250-3200-3150 zone..enjoy the weekend will look into charts and see what can be posted..cheers.

PROFIT TAKING

Markets just about did nothing at open , and profit taking set in, open to close was a huge way down...is it a reversal day..lets see how it unfolds in the next few days week..all sectors got steam rolled today...Had advised in morning also that stay away , take a break....what more to say..Shorts rocked today...markets just easing the overbought positions..wont finish in a hurry..maybe its just started...My advise still is dont get sucked into this rally now..keep strict SL for longs.enjoy the day..cheers..

SMALL DIPS/BIG MOVES UP

Markets just about refuse to take a breather , this whole rally has not given more than 2-3 days correction at a time and has rallied real hard. Think most small /retail investors sold out their positions or took this rally for exit in positions stuck long back, leaving nothing to trade with from last 200 points or so..So please dont get stuck here again at these highs as this is a typical Smart money driven markets today who can reverse and turn as fast as they enter..Take a break..Only savvy traders trade this out..There will be a correction for sure , but from where it is uncertain in this momentum as all tech. Levels just getting broken daily..cheers.

DEFYING ALL TECHNICALS.

Markets reacted to global weakness and who could have predicted todays closing near 3500 with a open at 3311...every dip is being bought and we are slowly moving to 3522 zone. Bear in mind that markets have overcome every level of resistance till now. closing over 200dma is a strong message bulls have left today..Still stay away and let this ride over, better sense says wait for a good dip to get in..cheers.

DAYS AHEAD

Five weeks of rally put a high of 3417 on Monday,..3430-50 is still a supply zone over which 3522 becomes a very stiff resistance.. Result season kicks off with INFOSYS today ..Watch 3310-30 zone for weakness..Markets will be volatile in the coming days ,small traders /investors should wait for good dips to get in as this rally is overtly overextended.enjoy the day..cheers.

ROLLER COASTER

Markets doing what is expected, huge volitality and a great roller coaster ride ..Slowly this market is becoming Savvy traders market as it moves up/down so suddenly that takes ones breath away..Anyhow coming to the techs..The whole day was spent below the 3400 levels and a late surge to touch 11000 sensex and subsequent very fast unwinding has revealed nothing about the markets move except that players are nervous and despite momemtum are ready to unwind positions quickly..Area to watch again will be 3400-3450 zone or 200 DMA enjoy the holiday..cheers..

WEEK AHEAD

Markets are poised at a crucial juncture ralling so much for the last 5 weeks..There are strong resistances in 3400-3450 zone.. over which 3522 is a very strong supply zone..Major indictors are giving negative divergences in intraday/daily charts..There is huge talk of markets galloping upto 3700-3800 ..Care should be taken in judgement on such lofty targets, Nimble traders can trade well on both sides intraday and BREAK of 3310 NF this week could take the markets all the way down to 3200 or lower zone. will try to post some charts later on path ahead..enjoy the day cheers.

THE BEAR & THE BULL

The story of the bear and bull for our market is as follows...After months of feeding on the bulls our Bear became old & lethargic at 2550 area..By then a new breed of young Bulls came to play..Despite of the chase the old Bears gave, the younger bulls just kept running away and when More Younger bulls joined them , the herd just ran harder from 2960 area..the poor old bear just gave up& faded away ..
Now these Bulls have been running for some time are getting tired & fat with profits and a new Breed of Bears is lurking around wanting to feed again sometime soon..3430-3500 zone has lots of walls which become difficult for the tired bulls to cross and they can become easy prey to the young energetic Bear..
Timing the cycle is the key to stock market success. enjoy the long weekend ..cheers.

THE RETRACEMENT PATH OF OUR MARKET

I am putting this chart for all friends visiting here so as they get a clear picture of path taken by the market so far & ahead.This market was moving in the range of 3147-2539 from Jan. to March.The retracement of this range carries us back to 3147 and above that it can go to 3522 which is 1.618% retracement.Markets are in a trending mode , and smart money moved in to take the market up/beyond 3147 aggresively with a gap up.The rally will be 21 days old today. We are in the reaction zones again as we climb up. Care should be taken for investments here preferably wait for a good dip.., but for technical & smart traders ample swing trading opportunities are available for trades both ways. Hope the post helps all for some cues on the resistances and direction..enjoy the day & the long weekend..cheers.

WHAT A VOLATILE DAY

Huge fall and then the recovery and what a spectacular rally then over yeterdays close..close above the last high 3303 favours the Bulls and that means Big Bears have thrown the towel for the time being and covered their shorts..Markets again moved into overbought territory and PCR too going into one sided mode..3390-3430 is a area to watch now on the upside and 3270 becomes now the stop loss for longs..( the good dips it seems are not coming for a good buy and markets just creeping up) i will still say wait for a good correction to get into the market.. this volatile market is not for small traders/investors ..enjoy the day cheers..

WEAKNESS ALL OVER

Global cues are really soft on profit taking...If friends had read my post on monday , I had been advising of this sudden turn from these area..( our shorts & puts of monday will rock on open today)... 3150 is a small support zone ,but markets can drift to 3035-3060 zones below this area..lets see how it unfolds in the next few days as all SMART MONEY should be in good profits due to this 4 weeks rally and Friday/ Monday were typical distribution days..enjoy the day..cheers.

FORGING AHEAD

Markets opened with a rush but kept selling off the whole day to rise again ..Global cues is what it will seek now as it is stretched quite a bit..Retail/ small traders would and should be sitting on the side waiting for a good dip only to get in...What a rally so far, 2539 to 3303....( and this is a bear market)..anyhow enjoy the day & the holiday..cheers..

TRUNCATED WEEK AHEAD

Markts have surprised all by huge gap up leaps it has taken , driving markets away from major resistances. 3150 will be area to watch this week 3330 on the higher side, though being a truncated week , care should be taken in trades...Technically i feel most charts are in overbought zone and reaction from 3300-3400 resistances zones can be fast & furious.. As at bottoms buying was recommended for traders/small investors..with this 4 weeks rally, prices are not favorable for longs at this levels , as far as risk reward is concerned.Stay on the sidelines for a buy in good dip policy ..Let the big players play this out..enjoy the day..cheers.

TRAINING & NEWSLETTER FROM NIFTYSPOTTER.

We are planning to start TRAINING on MARKET TECHNICALS/CHARTING in Delhi ( our office)or on NET on yahoo messenger during weekends or evenings..It will be on Yahoo charts mainly & also anyone using live charts wanting detailed training on TECHNICALS / CHART SETTINGS , can have ONE TO ONE SESSION with us.each session will be 2-3 hrs. This enables you to trade like a professional w/o fear so as to maximise your profits specially in NIFTY.

We also are planning to start a DAILY or WEEKLY NEWSLETTER on NIFTY LEVELS AND DIRECTION..This is for all those who like to trade on their own..

Do send us a mail if you are interested for us to forward to you the details of the charges..enjoy the long weekend...cheers.
bhrajan@gmail.com
rjn_bht@yahoo.co.in

HUGE RALLY

Looking back to 1st week march when dooms day advocates were predicting doom for the world and our markets ..This is one spectacular rally up which slowly gathered momentum over the weeks on complete doubts 7 uncertainity... Even i thought yesterday that a retest of the tops is in line , but this huge global rally today was not seen...We are in stretched zone & reactions will be there too , Do keep booking.. cheers..

NO POST

Due to Blog update problem morning update could not be posted..hopefully its over now and regular posts can be done..Markets have opened huge gap up on G20 sentiments....cheers..

VOLATILE TODAY

Markets made a higher low in morning on great weakness , turned and despite weak global cues just covered the whole distance to retest yesterdays top..3070 was a resistance area above which it can retest the tops again..markets are overstreched still ( testing the experts daily with the swings) and reactions can be sudden also..G 20 summit also is there over the weekend..trade light , try to book ur profits in longs if any ..enjoy the day..cheers.

SIDEWAYS AHEAD.

Markets after a good rally up may go into a sideways mode to see where it has to go..it was a INSIDE DAY yesterday..3070-2980 is the range to watch for anybreakout...deeper down watch 2900 closely for trades for the month of APRIL..It being a truncated week ahead Volumes may be light. Trade accordingly..enjoy the day..cheers..