ROCKING STILL

Markets after a good move yesterday, just about gapped up and moved towards the old highs..Sudden unwinding must have unnerved the participants specially after it did not cross the highs of the days after struggling for a while ,,,July ends on a good note and August could be a different ballgame...., no point breaking ones head on levels etc ..best is to enjoy the weekend.. cheers..

PS: ppl. who are interested in our various services can get in touch with us ..

NEW SERIES

Seems after knocking the breadth out in the last 2 days , the new series is starting today with a good thumbs up as per global cues available , crossing the barrier if 4600-4610 with momentum which it picked from below..Shorts of last 2 days trapped for the time being..Wait for a dip to get in, in case it holds,,markets now may be heading now for 4700 and above if they close over 4600 for a few days..enjoy the day cheers.

GOOD SETTLEMENT

Markets just about took & moved in the range i had written in the morning update..4480-4530 & then the breakout on either side of app. 50 points ..Longs taken at lows rocked today...What next..Well Markets after jerking the weakhands are back to yesterdays levels & are poised again to cross the threshold of 4600 zone.. will they?????? ..who knows ..Turnovers are high , on both rising and falling days..which shows uneasiness in the participants..Trade with care in the coming days and in direction..enjoy the day cheers..

SOFT CUES

Markets gave the wild swings yesterday, in both the directions ...and covered a lot of ground intraday ( gave ample opportunities and monies to savvy intraday swing players)..cues are soft, we are in settlement day..not much should be expected today..range could be 4530-4480 break either waycan give some 50 points ..enjoy the day.. cheers..

HEAVY JERK

Markets just about gave the long awaited JERK .. It was all there for everyone to expect as the rising wedge was not breaching the 4605 zone again & again..The SHORTS rocked and so did the LONGS..4530-4600 zone was the trade area Breach either way giving a quick fast 100-150 points run( Pls. read the previous posts for the trading range)..4420 seems to have provided some support & 4530 is now the resistance now..only cross & close above of this will provide some relief for the Bulls..enjoy the day cheers..

WEAK TODAY

Markets all over are weak today..We may go down once again to test lows at 4530, breach of which can start the slide this time....Holding the lows could propel markets back to 4600 zone..cross of which can start the upmove..It will be tough to take a call but buy in dip where markets stabalise with strict stoploss could be a stratergy for next 2 days..enjoy the day cheers.

STALLED MARKETS

Hope all friends visiting the blog could see the chart posted in the morning giving the range of 4600-4610 as the critical levels to watch....we stalled there twice today and slipped from there....A very good intraday trading market again today... whats emerging is 4530 is support zone and 4600 as resistance zone..break of this range will swiftly take markets 100-150 points in either direction..Pls . bear in mind that in the last leg of any rally the small /mid cap stocks fly all around..so keep a eye on them for any signs of reversal in the coming time....enjoy the day cheers..

MARKET FOOTPRINT

The Intraday chart posted above is self explanatory..4600-4610 zone is emerging as the Key zone of this rising wedge..Take trades as per above trading zone , in the direction and with suitable stoplosses..As we have settlement in 2 days ,wild swings can be expected too..enjoy the trades ..cheers..

SOFT DAY

Markets behaved as they should, not doing the expected but trying to jerk of the weak hands again, ..4510-4610 is a zone of trade..cross either way will give the long/short trade in coming days ...trade accordingly & with very strict stop losses...cheers..

WEEK AHEAD

Markets all over Asia are positive and our markets too are responding to the same.The range ahead for this week is 4650-4700 around on the higher side and 4450 -4320 on the lower side..4510 should be taken as S/R for this week. .. Trade in the direction and keep posting profits on longs when you find the markets stalling ahead....enjoy the day & the week cheers..

POSITIVE DAY

Markets just about absorbed the supply and turned back from the support zone of 4510..closing almost at the top of the day..RIL results after the market hrs. will define which side we are heading in the coming days..markets are struggling at higher end,and need some global or some other push to take it over 4610..this week has been good for us ...enjoy the weekend..cheers..

GLOBAL TANDEM

Global cues have been pushing the markets last many days..Rally from 3900 zone has been fast furious & w/o any significant break..Are we heading towards 4650-4680 zone..???? cant say , as market tends to spring surprises on participants and goes against mob sentiments, keep taking home your profits as we climb higher...4380 will be providing good support below 4510 now..Trade in the direction..cheers..

TESTING THE TOPS

The lows of yesterday provided good support..( 4400 was the S/R of the month also) and we are back to testing the tops.. shorts got squeezed badly today..Weak hands have been jerked hard these last 2 days..lets see how markets trade in the next few days ( RIL/ONGC results today/tomorrow)..cross and close 0ver 4560 will zip the markets up...enjoy the day ..cheers..

CONSOLIDATION AHEAD

Markets have just about taken support from where it broke out a few days back, making many cover their shorts..our advise of booking the longs on rise and buy in dips in last few days would have helped the visitors to this site..range is 4380-4480 break either way will give 80-100 points move..Trade accordingly..cheers.

SWINGING DAY

Markets gave the typical swinging whack, moved in one direction to deceive the baby bulls & then gave the royal whack....shorts got covered in a hurry on the rise and then the longs got covered as the fall was fast and furious...4400 zone seems to lend some support as of now ..lets say that 4350-4550 is the range, break out / in over these levels..will determine the short term trend..enjoy the day cheers..

FLAT CUES

Markets are flat and can move in a tight range..we are in a overbought zone and doing small corrections there and then moving up again...4410 seems to be a support right now with 4510 as resistance.. a move will come after break of these levels..Trade in the direction and with care ..cheers.

NO NOTHING DAY

Markets just about moved in a small ,tight range the whole day..now 4430-4530 is a range , break of this should take markets 50-70 points either way..Trade in the direction ..cheers..

CONSOLIDATION AHEAD

Markets should move in range 4550-4600 and check base at 4400-4350 in coming days..As it has run up a lot , some profit booking is in order and longs if any should be taken in dips only..trade in the direction..cheers

SURGING AHEAD

Markets have just about continued their last weeks gains & surged ahead to its Ist target of 4550 for this week.. Indian corporates. are posting good results everyday .Start clearing your longs ..as we are now in the reaction zone..buy in dips should be used from here on...Its been a V shaped recovery in 5 trading sessions ,amazing many a participants with its fury & steadfastness after such a bearish move not long back..Trade in directions ..enjoy the day cheers

WEEK AHEAD

Markets all over Asia are in green, The whole fall of budget blues will almost get recovered ..and Markets are approaching the reaction zone..This weeks range is 4550-4050 on a nominal scale and higher on a literal scale..4250 is a support zone..Take trades as they come as wild swings can be expected , specially as this week is also witnessing the a BIG SOLAR ECLIPSE on wednesday..enjoy the day.. cheers

STRENGHT TEST

Markets unfolded its strenght for the day by strongly moving the whole day , crossing yesterdays high, (range of 4200-4300 gone in a day on upside)absorbing all the feed and closing at the top of the day..4400 zone is monthly S/R..( 3900 was S1)watch this area closely for coming days for the direction of the markets..This weeks close has completely negated the last weeks ENGULFING LINE BEAR CANDLE by CLOSING with a PIERCING LINE CANDLE..enjoy the weekend ..cheers..

RANGE BOUND

Markets should be range bound now till some trigger provides a up/down move beyond ..4200-4300 range..will again become a savvy traders market for a little while..enjoy the day cheers..

PROFIT TAKING

Markets reacted on cue ie selling /profit taking came right from the start & markets kept selling the whole day..every rise got sold into and the selling was hard & fast..So what next..we should settle in range of 4200-4300 (+/-) 50 points..before some clue of direction can come..Good intraday trading today...cheers..

GLOBAL PARTY

Markets are rocking globally, what a change from Monday..all the gloom doom guys must be wondering as to whats changed so quickly....so what next..at 4300-4330 , do try to clear all longs on signs of selling , wait for a good dip to get in again..supports now lie deep down around 4150 , break of which may augur weakness again ..enjoy the day cheers..

REAL JUICY TODAY

Markets again did not relent , and carried ahead its flag , fluttering way above the pole...4200-4220 zone gone in the last rush , desipating all the negativity of the last week..expect some reation/profit taking tomorrow and then see where the the markets take support for the direction it is taking in coming days or weeks etc ..enjoy the day cheers.

JUICE STILL THERE

Markets still have some juice for upside after days of heavy selling..Above 4150 the area to watch is 4200..where some unwinding can come on profit booking..As I mentioned before a close over 4150 for a few days is must for any upmove..supports are at 4050-70 ..enjoy the day cheers..

SURGING AHEAD TODAY..

The rally today was remarkable as it kept absorbing all the feed coming to it throughout the day to surge ahead in the final hour , trapping the adventurous baby bears of yesterday and today.. The levels I mentioned in the morning for the retracements , it seems we are just close to 4150 zone over which 4200 -4250 should be tested..support now lies arounf 4050-70 zone for the time being..RIL finally moved and the Bulls got the much needed final push..Sustainance over 4150 zone for a few days must for any upmove , failing which markets may retest the bottoms or lower again..( a very good day for us in select stocks /options and Nf.)...this market is now turning to be level identifying -positional play- markets for good gains.. , trade accordingly..enjoy the day ..cheers.

STRONG CUES FOR THE DAY

Markets just about touched the lower end of the monthly range to bounce from there..A bounce is due and 1st step will be towards 4150-4200 zone..supports around 3850-3900 zone..Lets see where markets take support in days to come to get a view of path ahead for the next 6-9 months..Remember we are way ahead of 2539 NS of march and have to retrace more to give strength to the market..enjoy the day cheers..

THE ROAD MAP AHEAD

As had been written by me on 1st july, that range for this month is app. 3900-4900 with 4400 S/R..We are reaching the support levels now for the nifty for a small bounce back..Is the selling over ???????, cant say, as the move from March was pretty big..Do check the chart posted above for clues on the path ahead..We are trading this markets technically & with charts, in the direction and its paying us good dividents..enjoy the weekend ..cheers.

KNOCKED OUT

Markets just about pleased to deceive...(WHAT A JERK ..II nd TIME IN THIS WEEK , so many were bullish last friday for this week..)This fall was fast furious and frankly not seen in any chart before the deluge..( thank god we had our small SL and could carry all profits /gains of today home & then take trades in the deluge )..the range of 4050-4150 got breached heavily on the lower side.( had written break to be 100-150 points at least on either side.).Markets have unwinded most of the May gains..(a little more push will bring us to 3750-3850 zone..)trapping so many eager BUY IN DIP investors now at highs ......enjoy the weekend..will try to post some chart for next weeks footprint of nifty..cheers..

RESULT SEASON START

Markets from now on will take cues from the results along with global cues..Selling all over has abated a bit , Infosys results today will prompt a move either way to break this logjam of the last day or so....4050-4150 is the range range either can take markets 100-150 points either way..trade accordingly..& in the direction....cheers..

NO NOTHING DAY

Markets just about did nothing moving in both directions and narrowing them at day end.( closed 2nd day below 4100), we have to close over this zone for any upmove , failing which we will just drift down..Nothing much to take home today except that todays weakness was bought into at lower ends ...range is 4050-4150 break either way is 100 points quick move for the markets .enjoy the day cheers..

WEAKNESS AHEAD

Markets are weak on global cues and will remain so for sometime it seems.. However a technical bounce can come anytime due to severe selling last few days..Trade ahead with caution , become a intraday trader till this dust settles ..as supports are way down once 4050 is broken deceisively..4200 will provide good resistance now ..enjoy the day cheers..

UNWINDING

Markets just about going around unwinding the huge move of last month , many retail guys expecting solid move up during this week, are badly stuck in longs and wont know what to do till this slide continues..Today was a waterfall fall...the supports unfortunately are way down... markets held todays low at the EOD..and if this holds or around 4020 expect a small bounce back again to 4150-4200 zone..Today it seemed FII will have sell figures again..based on the huge fall right from the opening..Another good day for intraday swing traders...enjoy the day cheers..

WEAK CUES

Markets are under pressure still with FII's pressing the sell button daily..A little more push from lows can take us way down ..only above 4160 , we can see some upmove now.to 4230 zone which will offer resistance and next range will be 4290-4310..zone..enjoy the day cheers

TESTING TIMES

Markets just about went doing their business in routine after the massive fall of yesterday..Every rise was being sold into and every fall bought into..A 100 point pattern is what the market has made now..breakout/in should also be 100 points from this zone ..Swing traders must have again gained today ..enjoy the day ..cheers.

CONSOLIDATION AHEAD

After yesterdays huge sell off..( fully expected)...some amount of consolidation will be needed by the market to see which way it goes.. we are rated higher than other markets ( due to May abberation) and have to set that right some day ahead specially if global markets remain weak..4090 is a support zone below which we head for a huge slide down to fill the GAP.., and 4250 and 4290-4310 zone may give huge resistance..to any upmove..Be a Intraday trader for a few days/weeks till the dust settles..enjoy your trades..cheers.

BUDGET BLUES.

Well well , hope my advise to friends visiting here to stay away today would have helped them at least to buy at lower levels at eod or tomorrow..thats markets , where ppl. expecting the repeat of election bounce , must have got a great JERK....for technicals players ,PUTS /SHORTS rocked today..Markets broke the last low of 4143 also after the huge slide..The days ahead will unfold where we are headed in short term..enjoy the day ..cheers..

WEEK AHEAD

Budget Day Today, global cues weak , I think the best foot forward today is to stay away and wait till day end /tomorrow for any clue as to where we are headed..4370 zone is S/R of this week with a range of 4200-4600..enjoy the day cheers

RALLYING AGAIN

Despite weak global cues our markets are just about charting their own path..app. 4330 is where they took off in morning trade and then finally zipped to 4430 zone , closing at the top of the day..What Next..?????? well let the Event unfold & the market participants will show their hand ..Seems volumes/ positions are very light and markets will finally look inwards into into the technicals and fundamentals now going ahead..enjoy the weekend..cheers..
PS: will try to look into some levels we can do this month going ahead and post those charts during the weekend.

WEAK GLOBAL CUES

Glabal cues not withstanding, we here are unwinding quickly on every rise to near 4400 zone..There are Right now no cues for any upmove from anywhere and mostly cues are pointing towards a impeding correction sometime ahead... (except something exceptional in the BUDGET for some more Indian markets runup)..watch 4400-4430 zone for breakout and 4250-30 zone for a breakdown....4330 emerges now as a neutral zone..enjoy the day..cheers..

EVEN STEVENS AGAIN

Bulls & Bears are into a sparing match these days ..giving huge volatality resulting in INTRADAY SWINGS..Range is still 4250-4400 till budget..it will break the range one of the days soon..Another good trading day..enjoy the day cheers..

WAIT & WATCH

Two more days before the budget, Market may just about do nothing for the next 2 days and move around in the range ..4250-4400 now and then take a call..Take lighter positions & avoid deliveries to let the event go by..& then go about in the direction of the market..The volumes are less which implies low interest in participants ..Play the swings ( they are there in plenty everyday now) enjoy the day cheers..

SWINGING MATCH

Nifty gave a huge swinging day today close to app. 460 points..Great gains for all techno traders today ( All our CLIENTS went home grinning with good profits today)...As written in the morning we are in range of 4250-4350..breakout/in expected from this range soon..Trade accordingly..cheers

MONTH AHEAD

Another signature of Monthly lower close took place yesterday, so lower settlement & monthly close. the S/R for JULY MONTH should be around 4400 with a Trading Range of 3900-4900..Momentum stocks bore the brunt of unwinding , range on lower side got breached yesterday , so for the day look at 4250-4350 range..lets see how markets move in the coming days..trade with the INTRDAY TREND..with strict SL will work..enjoy the day cheers.