FIBONACCI SEQUENCE-FOOD FOR THOUGHT.

A very interesting FIBONACCI SEQUENCE is emerging now..
1. We are completing 3 months of this rally from March low in next few days.
2. We will complete 13th week from March low next week.
3. We complete 55 days from March low in next few days.
HUGE FOOD FOR THOUGHT FOR GUYS FOLLOWING THE TIME CYCLE ANALYSIS..
enjoy the weekend..cheers

RANGE COMPLETED

Markets just about completed the range of trading as i wrote 4100-4500..Good buying support came today also and OUR MARKETS ROCKED TODAY AGAIN....( thats why was suggesting to friends visiting here to be with technicals )So what next..Next week is going to be very interesting , lets see if we cross the last citadel or not...Its been a long haul and we complete THREE MONTHS of a amazing ride, which broght back smiles to all participants who were stuck in stocks etc..The party has to end one of these days so pls. wait for very good dips now to get in again or play intraday with strict sls. enjoy the weekend..cheers

RANGE AHEAD

Series of MAY closed on a very BULLISH note.. Most Experts in 1st week MARCH would have not even dreamt in their wildest dreams that we will close over 4300, 2 months hence..(some had projected sub 2k levels & to wait for lows few weeks ahead ..well markets had their own agenda..)GLOOM DOOM was the call of the day then..So what now????????..Anyhow coming to our markets ,In the last 2 weeks we set a range of 4100-4500 now , break either way could take it app.. 200 points eitherway...Trade using ur skills & applying ur mind not your heart from here on ...enjoy the day & the weekend..cheers

RANGE BOUND

Markets are now moving in the range of 4220-4370...Breach any side will take it abt. 200 points either way.The markets are giving good trades to both BULLS & BEARS last FEW DAYS..as it has been range bound..Care should be taken when a breakout occurs..cheers.

SETTLEMENT DAY

Markets are a tad weak again due to global cues. DOW has failed to cross 8600 levels in this 2nd attempt also..any further selling in US markets will augur reversals as financials & other fundamentals again are suspect after all these months of huge pumping of funds..Coming to our markets the range for trade is 4250-4300 for the day , with a 30-50 points quick surge either way.. trade with care today , in the direction and with strict stop losses.enjoy the day ..cheers.

SPECTACULAR DAY

Markets just about touched the levels as given in the morning..OPENED @ 4117, consolidated around 4200-4220 zone before making a move right upto the gates of the 4280-4310 zone..Hope the technicals being posted by me , are helping friends visiting my blog. Markets have to close over 4325 levels for any upmove in near future..enjoy the day ..cheers.
PS: Technicals working very well in this volatile markets , any friends wanting to join our service can chat or write to me..

POSITIVE AGAIN

Markets globally are positive and SGX NIFTY is suggesting a gap up opening..Markets tested the near supports 4080-90 ( good supports lie in 3995-4020 zone) & will move back to retest the tops before resuming its journey back..area to watch is 4210 closely over which 4280-4310 zone..Failure to cross any of these zone could invite further liquidation by smart money..Volitality can be there due to settlement, non technicas players should be light in trades and with strict SL's..enjoy the day... cheers

PROFIT BOOKING

Markets did what they had to do, unwinded as it never crossed 4280 zone due to no positive cues and buying support  by Larger players just missing as they were booking their profits ..It tripped at 4250  went straight to 4150 and then lower to 4092.. on sustained selling pressure.This whack was right on cards for all the guys who were too bullish for this settlement..and buying small dips due to being left out...strong supports lie in zone of 3990-4020, though markets may halt earliar and do a  bounce back..NF is almost down over 500 points from the top..trade cautiously and in direction..cheers..

WAITING

Markets all over a tad weak , seems no further bullish cues/sentiments,valuations looked stretched, unwinding may be around the corner in near future..The range as of now is 4150-4250, break either way can take it 100-150 points either way quickly....Trade carefully with SLs & in direction, enjoy the day......cheers.

SIDEWAYS MARKET

Markets today just about remained sideways, with mid/small caps again were dancing around today. Its not showing any strenght right now and until unless some positive cues come around , there is nothing much there to fall back on for further rise..( settlement moves could be sudden so take care to be on right side of the trade)Time cyclewise also the markets are near a turning point.So be cautious on longs trade intraday & move out..The range is same still..4150-4300, break of which will take us quickly down /up..enjoy the day cheers.

RANGE AHEAD

Markets this week should range between 4150-4300, break either way will give 100/150 points quickly.I feel There are no cues going forward from here for the next few weeks , so one can assume that some profit taking / consolidation may be in the offing...Please do keep in mind that this move started in early march at 2539 & has done 2000 points app. Settlement week blues /volitality will always be there..cheers..

CONSOLIDATING & TESTING

The week started with Huge historical GAP UP /circuit & ended with some uncertainity on sustainance of this humugous move from 3650 levels..Nothing much to add except markets making lower lows from tuesday opening & not crossing the highs last few days.. It has to cross highs soon otherwise big ticket unwinding can start...enjoy the weekend and I think many will remember this week for a long time to come, will look over the charts over the weekend and post something for trade ahead.. ..cheers..

TRADING AHEAD

Markets will be looking to stabalise somewhere here or lower zone to fall in a trading range in the coming days , watch the Ministry being formed and then take on from there in case there is no sell out globly..4200 around app.is a support zone breach of which takes us down towards 4050 zone ..resistance still is 4320 zone..trade light, and in direction as Smart money is in no hurry to buy at these levels it seems..enjoy the day ..Cheers

PROFIT TAKING CONTINUES

Despite huge bullish sentiments , some sobering effect should have come with todays soft trade/ profit taking again..Breach and close below 4200 will augur more profit taking and take markets to much lower levels....Well thats markets , Has to correct the abberation(mondays, NF down 420 points from there..)before moving ahead.....Anyhow still trade the range and the buy in good dip policy for the time being..enjoy the day ..Cheers..

SOFT CUES

Markets world over are soft and in India DII/FII have locked in profits ..Lets see what is the floor level now acceptable for the market participants.Markets are overrated on this move up and some bad news can trip it..Levels etc have no meaning right now , as Mid/Small caps flying around on catchup game. Caution should be taken & patiance will pay in the long run..Believe in the technicals and charts and play accordingly( levels for play already given and in this consolidation phase it will be same)..cheers..

CONSOLIDATION AHEAD

Markets finally rested today to consolidate in a 100 point range. The Moving Averages will still take a few days to catch up with the price distortion..till then play the range ..buy the dip -sell the top..I gave the range in the post in the morning..cheers..

WHATS AHEAD

Markets have changed the base in the last 2 days...3600-3700 zone seems too far back...FII in relentless buy mode still doing the catch up game...markets should consolidate in the range 4170-4250 NS in the coming days ( lower could be 4056 zone), try to test 4468 ( JANUARY 2008 LOW), maybe cross & TEST the NEXT SWINGs in the 4650 zone..move over this should be seen when we cross this zone...It will again become a traders market & technical traders can do well in this zoner..for retail and other friends..buy the dips with select mid/small cap stocks etc with very strict SL..cheers..

SANITY RETURNS

Markets traded saner today despite the huge gap up on NF, there was a frenzy to cover positions in short as well those in profits..Volatality in the 1st hr. justified the huge swings in the first hr..Later with good profit taking by larger players the market kept slipping on every rise..This may continue a little more before a raincheck will be done by the guys who were left behind in cash .. and then a move up..Trade carefully and keep booking..the whole euphoria got over in less than 24 hrs..cheers..
PS : do refer to the chart posted in morning for the resistance & support.

RUNAWAY BRIDE

Well Well no techs no fundamentals, just sheer momemtum and short covering by nf shorts & call writers will take markets up again..So 6th gap opening now..What next????...4650 should be a neutral zone for supply, cross of which can take us all the way to 5000 or a little lower zone..Bear in mind that valuations have to justify this kind of rush up..for this rally to sustain..the above MONTHLY chart is self explanatory..See the resistances and supports and trade accordingly...Do bear in mind that this rise up has comletely changed the support levels of our markets..enjoy the day..cheers..

2 CIRCUITS

Markets did the unthinkable, 2 circuits in a day on such low turnover...My heart goes out for people who are short & just could not get a chance to move out..Well tomorrow again could be very chaotic as this huge rise will get MARGIN CALLS for the participants and brokerages tonite..& also short covering in case markets are able to trade and are not in circuit will pull the markets upwards more...Momemtun/shortcovering will define the levels..enjoy the day ..cheers..

CIRCUIT OPENING

Markets will be on circuit on opening as suggested by SGX nifty,..This is not a day for technicals and fundamentals but a Event based day, Enjoy the day & do keep booking ( always good to carry home profits & also clear old stocks stuck from last year..), Cheers..

STABILITY AHEAD

Markets and participants would be happy on getting a stable govt. in place after so much discussion pondering,,some TV channels are talking of HUGE THUMBS UP RALLY on monday..All said and done the event is past and serious trading will start from next week which will be on fundamentals & realities rather than events..enjoy the weekend..cheers..

STILL STRONG

Markets opened up in the POSITIVE as per Asian cues and carried on from there discounting the results already, by closing at the top of the day..Dont think there is any point of discussing technicals etc when a EVENT is round the corner..The range & breakout i have mentioned already in my last few posts ..enjoy the weekend.. cheers..
PS: As discussed and suggested we went flat today..no positions before the event...

FINAL COUNTDOWN

Results will be out this weekend and the Indian markets will react temporarily due to this event before settling down to the reality and global markets..Stick with intraday trade if you are a compulsive trader, go flat and let the event pass on monday..Markets should settle around neutral zones today of the 3550-3650-3750 zone..A breakout/down of this range will surely come in the coming days / week..but which side , who knows, in fact all this hulla may even end in a damp squib too....enjoy the weekend and start fresh next week...cheers..

RANGE BOUND

Hope friends visiting the blog enjoyed the range given in the morning for intraday trades...3540-3620..Again the volitality is providing ample opportunities for technical traders to trade both sides of this volitality..The range given for the week is still holding good..do always remember that we are OVERBOUGHT & this rally from 2539 has given no correction so far , unwinding has to be come one of these days, so keep booking profits if momentum/ money keep taking the markets up......enjoy the day ..cheers.

GLOBAL PROFIT TAKING

Ahead of our weekend event of RESULTS, profit taking set in yesterday despite huge volitality..Markets will open down as suggested by SGX nifty , care should be taken in the sudden dips & try to be on the right side of the trade ...3520-40 zone may provide some support for a bounce back to 3600-3620 area & below that is 3480 area..Trade light & in direction for next TWO days to let the event pass...Volitality will be there on either side..cheers..

TRADERS PARADISE

The Markets reacted on opening to profit taking & the volatile wild swings which i had mentioned a few days back as order of the day was there for all to see... A technical traders paradise and a nightmare for non technos... My advise to small investors/retail guys is to stay away till monday rather than being whipsawed everyday in this market....Range now is 3550-3650-3750..Trade in the direction, with strict SL..( market has made a top in 3700 zone again today) cheers..

MARKET FOOTPRINT

The chart above shows what footprint the market has been following from last few months on EXPANSION taken from 3 key points,The above chart is self explanatory, and has been following the patterns as is visually clear..Follow the levels above with strict SL's .. With Election results round the corner, trade light /in the direction and maybe be light or just plain flat in this weekend ..enjoy the day cheers.

HUGE RETRACEMENT

Market not only covered yesterdays fall but moved up towards 3700 zone, closing at the top of the day. This volitality started with RETRO MERCURY...enjoy the volitality and this will become a trading paradise for technical traders as markets will give swings in both directions thereby giving very good gains..(app 4% move today). Be prepared for range swings end to end till this phenomena lasts..be very light before the weekend..Range is 3500-3650-3800 ..trade with charts /technicals ..cheers..

SOFT CUES

Markets started unwinding from highs last few days..3500 zone provides some support for a bounce / retest of 3600-3620 zone..Markets may keep unwinding on rise before we hit the weekend of election results , from where serious moves may start... trade accordingly..cheers

SIDEWAYS TO PROFIT TAKING

Markets just about moved to 3650 zone and profit taking/unwinding started bringing it straight to the weekly support of 3520zone ...breach of which takes us way down..noticable in todays trade was every fall proceeded with more fall & the Bulls just about were absent..Hope people had posted their gains last week..watch 3480-3510 zone in declines and 3590-3620 zone in advances..be careful in trades from heron as volitality could be increasing in coming days /weeks...enjoy the day..cheers..

WEEK AHEAD

Markets entering into a very critical timeframe of this humungous rise,3650 is going to be the S/R of this week. Some astro signatures also changing by this weekend(besides our election results) , which could signify changes. be a intraday trader this week 3500-3800 could be a range....enjoy the trade ..cheers.
PS: 100 ema intraday was in a 30 mins timeframe on friday,3582.85 was where markets took support..

SHAKING THE WEAK HANDS

Markets again & again are shaking the weak hands by giving volatile swings intraday...Whats important to observe is that intra day markets have been taking support on every fall around 100 EMA levels for last many days & then does a nice bounce back. We should take it that any close below this MA , will not augur well for bulls and some serious profit taking may set in then..enjoy the weekend...cheers.

STRESS TEST GONE

Slowly all events are off, global cues discounting all bad news, with retail & many ,the left over feeling very overpowering right now itching to get in somehow , Time for distribution in the next 150-200 points by strong hands as no more cues left forward except plain simple MOMENTUM OR MONEY ..( our own election results round the corner next weekend..)..So what should one do..play the dips & tops , play light and wait watch for the next few Days Markets will definitely do the surprise act..enjoy the day..cheers..

POSITIVE STILL

Markets are still resilious, we made a INSIDE DAY and by closing over mondays close/high i think it has negated yesterdays bearish candle.The levels still remain same..trade light ,in the direction and get out by end of day to start again the next day till a decesive move does not start in a direction.....enjoy the day..cheers..

POSITIVE B4 THE EVENT TONITE

Markets all over are positive, especially the FINANCIAL STOCKS in US ahead of the event tonite, ..Money/momentum is on the bulls side making any & every dip being bought into..Yesterdays bearish daily candle may get negated if we break yesterdays high or close over mondays close..trade light /in the direction and let the event go over..above 3717 expect a rally right upto 3825 zone..supports still are ar 3520 below 3610.....cheers.

PERFECT RANGE GIVEN IN MORNING

Markets moved almost in the range given today morning in this blog..3600-3720.. Savvy & technical traders would have enjoyed the trades today..It looked like a typical trap today, both ways catching the baby bears & bulls..Hope ppl. visiting here enjoyed the range and made good profits..So what next..???????Nothing much to say except trade with technicals & charts whether you are a bull or a bear catch the lows/tops and make intraday money( but surely have a heart first for this kind of market and then trade.., )..cheers.

PS: Todays candle stick pattern ( DAILY ) is UPSIDE GAP 2 CROWS. ( This is a bearish pattern confirming to us of maybe a top & reversal, this gets negated only if tomorows we close over todays high ie 3717..)Watch this closely for your trades..

RANGE BOUND

Markets were range bound yesterdayafter the huge move of Monday , may be same today too , before some movement can be seen after tomorrows stress test event....3600 is the support area to watch and 3720 as resistance area for the next day or so. Trade accordingly..cheers.

EVEN STEVENS

Markets just about went from BEAR to BULLS a few times in the day today , giving ample opportunities to technical intraday traders to trade well ..Now 3700-20, is a supply area to watch ( dont be short above this)and deeper down 3520 as some sort of support area..Wait for a good dip to get in, otherwise do intraday trade only..we may soon be entering a turning point time zone , trade carefully hereon..cheers

RESISTANCE AREA

Markets have just about gone rising beyond anyones expectation , primarily on good funds chasing the momentum and taking it higher everytime it was felt that markets are stalling & a good correction is due where many people would like to get in...3720-3780 is a very strong resistance and supply zone.lower below 3520-3550 is a good support zone.The event ahead is the the STRESS TEST THIS WEEKEND..( even slight bad news is driving the markets up these days)..Trade with caution and intraday and keep booking your trading profits...Long term investments can wait for sometime to get in with a good correction..enjoy the day..

SURGING AHEAD

Markets gapped up and kept going up to 3650 area where it has now spent a lot of time...Above this area 3720-3780 will be a area to watch and below on signs of profit taking now 3520 zone will provide decent support.Do remember now the base with every rise is also moving up...Its going to be a tough month , not only for retailers but also traders as soon volitality may set in which may start giving very wild swingson either side..in the meanwhile ,enjoy the day..cheers.

ROCKING AGAIN.

Asia is quite up, SGX nifty suggests a good gap up moving quickly to the next swing level of 3648 ( as mentioned in a post before)..Wait and see where it leads to...Monthly S/R is 3350 & WEEKLY S/R is 3460, Range for this month could be quite high(2750-3950)..so trade accordingly..enjoy the day..cheers