SOFT TODAY

Despite a breakout on Friday..Markets opened real soft due to global cues & gave opportunity for fridays shorts to cover..Buying is still coming at lower levels..& the range of 4630-4730 held today...This is a tired market & only money can drive this up more .The move going forward could be (+/- 100 POINTS) above the range suggested..enjoy the day ..cheers

ASIA IS SOFT

Asia is following China..soft and selling..Markets are at a very tricky stage..range is 4640-4740..break either way will tell the direction in the coming days..Trade with care and in the direction..This weeks S/R is 4690.. with a possible range of 4550-4850..enjoy the day..cheers..

TOP BREACHED

Markets just about breached the TOP of 4731 today...The sharp move today caught (the baby bears/experts on the wrong foot..)remember my post today to keep your EYES WIDE OPEN..The chart i had posted a few days back gives you the footprint ahead..Kindly refer to that and trade accordingly..enjoy the weekend..will try to post a chart during the weekend for all visitors here for some thoughts on markets ahead..enjoy the weekend ..cheers.

MARKETS AHEAD

Markets are poised to make some sharp moves in the September Series..Key here will be whether one catches the right move for good gains..????..There have been many confident calls floating all around the blogsphere for the Month ahead ( MAINLY NOISE)....( specially the free calls , not responsible ,vanish when wrong type.) ..I will advise all visitors to my blog to use their experience/ risk taking capability with strict stop losses for trades ahead..( put my calls also through the scanner)..as it is your hard earned money& dont get carried away....
Anyhow 4630-4730 could be a tentative range , break either way may give a short time trend..trade accordingly..cheers.

RANGE BOUND TODAY

Markets kind of spent time the whole day in a tight range doing just about nothing...,and then gave some wild swings at the end for the settlement..The event is now behind us and the new series kicks off now ....Trading Zone is now 4600-4700..so lets see where we head in the coming days and weeks ..cheers

SETTLEMENT DAY

Markets may move in a range and let the day pass over..Till now the markets are just about holding the supports and selling the tops..This will break very soon , so be careful & trade in the direction the breakout takes place..The run could surprise many..lets see..Keep strict SL in your trades in coming days lest you get trapped on the wrong side of the trade....enjoy the day cheers..

RANGE TRADING

One should look beyond the settlement ahead for the foot print the markets can make in coming days..range is 4600-4700 (+/- 50 points)..Markets are looking Tad Tired..need some impetus for move ahead..lets see where we get it from in coming days or weeks otherwise..It can just unwind ..Trade with caution, in- direction , with strict sls ..enjoy the day cheers..

SETTLEMENT BLUES

Markets as of now are in a range and working in tandem with global cues..4400 held, now 4600 is being tested..One has to be patiant to see where we head..4700-30 is a resistance zone..Global cues can support a move over this zone otherwise markets can consolidate for a while in a range ...settlement week may give some wild swings either way ,so trade carefully in next 2 days..cheers..

RANGE TRADE DAY

Markets just about did the range suggested in the morning of 4580-4680...Nice gains for Intraday Swing players....Markets are looking a Tad tired at the top..lets see how it reacts in 4700-4720 zone....enjoy the day... Cheers

SOME PROFIT TAKING

Markets are in a small profit taking mood and also to see where the next supports or higher lows lie..This is a settlement week and one can see swings either side..Trade light & in the direction..range should be 4580-4680 for the time being..enjoy the day cheers..

UPBEAT DAY

Markets just about remained bullish after gapping up and every fall in morning ,the shorts tried to cover ..thereby pushing nifty up..It did cross 4612 and inched at the end towards 4673..We are nearing strong resistance zone..so care should be taken in the rise..keep booking profits..and lets see where it drops to and takes support..4580-4600 zone a support area so far..cheers.

GREEN ALL OVER

Markets globally are in a good bullish mood after consolidating in a range for the last week or so..we break the range of 4350-4550 today..I have given the footprints ahead in the last post on the chart..Do Take your trades accordingly & enjoy the week..cheers

FOOT PRINT AHEAD

The Chart above is of Extension Targets after last weeks consolidation and move up..The Footprint coming from Andrews Pitchfork is quite clear..Take trades accordingly..4680- 4700 around zone can again be resistance zone cross of which can take us all the way to 4900 & above..A close below 4500 may not augur well for the Markets so keep 4480-4500 in close as SL for longs..Enjoy the weekend..cheers.

SPOT ON AGAIN

Markets after 2-3 days of testing lows finally broke & closed above 4510 area..4350-4450-4550 range is rocking for intraday players..What next..????...lets enjoy the weekend with the gains from last week , than breaking head over levels etc etc..,( short sellers are going to have a pathetic weekend ahead..) will try to post during the weekend some technical chart for MARKET FOOTPRINT AHEAD..enjoy the weekend guys... cheers..

RANGE BOUND

Markets are clearly range bound & globaly tuned..nothing much can be taken out of the moves its giving except buying low/selling high..( Paradise for SWING traders, Footprints are quite clear)Take smaller trades & in the direction till the Markets shows as to which side it is heading in SHORT TERM..There is plenty to be made in INTRADAY TRADES too..stick to them..cheers

GLOBAL FOLLOWING

Markets world over are just about following each other swinging up / down everyday without any cue to the direction or pathto be taken ahead....Swing traders buying low/sellinghigh ,,,will be making profits daily..Range is still same( we closed in the centre today 4450) ..trade in the direction with SLs..cheers

RANGE BOUND

Markets are just range bound now( as mentioned in yesterdays post) , Low you buy / High you sell..One of these days this range will be broken..Till then enjoy the Intraday Swings..& Trade the direction.. with SL....enjoy the day cheers..

SWING DAY

Markets were sideways giving swings both ways for technical traders to dig in and make intra day gains..range now to watch is 4350-4450-4550..its been taking support 3 times now at 4350 zone..lets see how it trades out in the coming days...( Avoid Noise & use ur own judgement )..enjoy the day cheers

SIDEWAYS AHEAD

Markets may just about be in a sideways mode to maybe retest some lows again..Range should be 4390-4510 decesive breakout eitherway could give us a 100-150 points quick move( A big move is due and it should come soon..)..trade accordingly...cheers..

SHORTS WERE OVERDONE

Despite of huge calls last evening/night & today morning of impeding sellout ..Markets once again just did the opposite , in the process giving a huge whack to short sellers....Again i feel too much noise is created for nothing....I wonder many times that do these guys really trade..????? ..(had tried to point out in the morning post today to keep emotions out of trading room & then trade ) what happens tomorrow who knows... but markets clearly gave the upwards path right from the start today , & that should be good enough for any trader worth his salt to make money..rather than do the opposite due to the NOISE..thnk abt it ..Anyhow todays retracement must have helped a lot of trapped bulls unwind their positions..4509 again emerges as a resistance zone..4390 as a support zone.. listen only to market music my friends....enjoy the day ..cheers..

MARKETS AHEAD

Markets globally are still soft..Is this the start of the long awaited correction, well the days ahead only can tell..In case this is the start of the correction the final supports are way down and there is no point discussing them as they will arrive in time only..As of now the temporary support levels are near & a bounce back can be expected....Where to we retract to will define the path ahead for the markets..Be patiant dont get carried away as markets tend to whack/punish the exuberants..Trade with care in the coming days by leaving your heart out of the trading room...enjoy the day cheers..

GLOBAL SELL OUT

Markets just about performed on the global cues..Gapping down and then Selling off every rise to close at the lowest point or near the lows of last week..( Break of last weeks gap up pole ,, warned of weak trading day ahead..)This is global shakeout from overbought positions..4400 is the key level to watch now , below this we can drop to or below 4300..cross can take us to 4480-4500 zone..trade accordingly....cheers

WEEK AHEAD

Markets globally are very soft and selling out..4520 is S/R area for the week..the range could be 4420-4620 for the coming weak , break of which will tell us the short term direction..( hope people took the profits at tops as advised..)Trade according..cheers.

CONSOLDATION DAY

Markets just abt. did nothing and consolidated the whole day..At every low ppl. stuck in shorts kept covering making the markets go up....nothing much to add here today beside the range still is 4550-4650..lets see which side we breakout next week..enjoy the weekend cheers..

WHAT NEXT

Markets open for the weekend trade after having moved up from 4360 with strenght..some profit booking is in order ..the range now has moved to 4550- 4650..lets see which side the breakout takes place..enjoy the day..cheers.

KNOCKOUT DAY

Bulls just about knocked the wind out of Bears today..Pity guys who are trapped in shorts down below as we are just climbing up the whole today ..So the range 4400-4500 now has broken 100 points on the upper side..i will prefer Caution ahead as we may be heading towards key resistance zones soon..enjoy the day.wishing all of you a very happy janashtami ...cheers..

GREEN GLOBALLY

SGX nifty is in line with global cues and we may move towards weekly S/R of 4560..Yesterdays sudden dip looks to be a classic trap for BABY BEARS..from where the markets just ran away..We broke the 4400-4500 range by app. 50 points downwards, now we could do 50 points up..Try to book your deliveries /longs as we climb up..enjoy the day ..cheers

SWINGING DAY

Markets just about went into a swinging - jerking mode and shook all weak hands..( Non technical players could have had stoplosses on both sides)Great gains day today for INTRADAY CHARTISTS and TECHNICAL PLAYERS....Range still remains 4400-4500 (+/-) 50 points as of now..enjoy the day..cheers.

WEAKNESS ALL AROUND

Global cues are weak, we may again retest the recent bottoms..and if held can be range bound in app. 4400 -4500 zone. We can drift downwards in case these supports are not held..( range given in previous posts)..Trade with care and with strict stop losses...cheers.

SPOT ON AGAIN

Markets just about took support at key support levels ( 4400) in morning ,& moved up to the 4510 resistance area to sell off again , making a higher low in the process in INTRADAY charts,,, The range now is 4400 -4510...break either way will be 80-100 points ....Very good day for swing trading again today..enjoy the day..cheers

SOFT CUES ALL AROUND

Markets just about halted yesterday at key support levels, Institutional selling still there..In absence of global support , Markets can just about keep trailing down what with fears of Moonsoon debacle etc also being there ..4510 again emerges as a resistance point ..4300-4320 zone should provide ample support in case we drift down...enjoy the day ..cheers

SPOT ON

Hope all enjoyed the Levels /Range given by me in the morning..4560 S/R & 4390 minimum support..( Markets just about gapped up there & and stopped at support at end of trade)Today was a good day for swing and technical traders in case your were trading the directions..Markets are a bit oversold in intraday charts, so be careful of shorts for tomorrows trade..enjoy the day... cheers.

WEEK AHEAD

Markets globally again are in positive mode, we were Tad Oversold and will also gap up as SGX NIFTY suggests..4560 is S/R area for the coming week with 4390 to 4650 (+/- 100 points) , as a minimum trading area.. Be careful in the coming days as now the weekly/ monthly charts are also in overbought zone and more unwinding can be there at every rise....enjoy the day ..cheers

FIRST ANNIVERSARY

I am pleased to inform all friends visiting here that we have completed ONE YEAR , today of blogging TWICE a day on working days & also weekend musings... I would like to thank all of you for visiting regularly my blog...The journey for me has been self learning and good as i have been trying to put market footprints ahead of the day/week/months trade for all the friends visiting here.. Hope this has helped all in some small way to improve their trading deals and skills..The visitor tracker installed below at october2008 end displays over 62,800 visitors as of date..I will try to keep updating the blog till i have the time or will to do so ..anyhow keep visiting & recommending this site to your friends..cheers & thanks once again..Rajan Bhatia.

SELL OUT

Well friends , this is the sudden jerk which was expected & I had been suggesting..The range of 4730-4630 got broken on the downside for a quick 100 points & more ride down this time( Do check my post of 4th & 6th)..Hope all benefitted by it..All those who cashed in at the top can look forward to reentering sometime ahead ..Where does this stop & where are we headed..will try to post some chart regards the path ahead over the weekend..In the meanwhile lets enjoy the weekend ..the week gone by has been quite good..cheers.

SOFT CUES

Global cues today morning are soft( following us )..We will also open down as SGX nifty suggests, Lets see where markets take support & to what level it retraces in the coming days for us to evaluate where we are headed in the coming weeks ..The Bulls expecting 4850 and above must be very disappointed at the sudden turn & sell out yesterday..Well thats markets my friends..Trade with care as we are far away from 2539 levels of March.enjoy the day cheers.

JERKING DAY

Markets pleased to deceive..trapping the Baby Bulls ...The fall was hard , straight , unrelenting due to continuous triggering of the Stop Losses..Technical Chartists would have seen huge Negative divergence in Intraday Charts ..and after booking longs would have gone short or bought puts..Frankly this Quantum of fall was not expected..( 180 points Nf) ..weekly S/R got broken ..supports lie deeper at 4500 around zone..lets see how the global markets react tonite..enjoy the day cheers..

SOFT CUES

Markets globally are soft, either consolidating or just waiting for some cue to take the next move..4630-4730 is the range as of now..break of this zone can take us at least 100 points quickly either way..enjoy the day cheers

UNSURE MARKETS

Markets just about pleasing to deceive..succumbing to profit taking/distribution which is going on everyday ..Only cross & close over 4730-4750 zone can we expect a move up to 4850-4900 zone..Kepp 4650-60 as SL of any longs ..enjoy the day cheers.

RETESTING TOPS

Markets hardly unwound globally & are making new highs slowly ...After the small jerk of yesterday , markets will attempt to cross the top or go higher today..Watch 4650 closely for any downturn..the Pace/Volumes are lower as of now..So take trades cautiously maybe on lower scale to protect yourself from sudden movements..enjoy the day cheers.

PROFIT TAKING

Markets just about unwinded today on global weakness to see/test the lows, shorts got the opportunity to cover...so where & what will we be doing..I think maybe just about nothing.. any Rise from here on may be used by long guys to unwind..Close over 4780-4800 only augurs Bullishness for higher levels..failure to cross will invoke good profit taking..enjoy the day cheers..

PATH AHEAD

Markets have crossed the last threshold and can surge ahead to key area of 4800-5000..Fact is momentum can take us to any heights now..CAN IT DO IT..????? why not with the liquidity floating all around the globe , thats what is needed to Tango..( All Commodities rocking as of now) Also do keep in mind the factthat the biggest JERK usually comes during Euphoric Phases..I will be optimistcally cautious in the coming days....enjoy the trades..cheers.

PEAKS SCALED

Nifty has finally scaled the old highs today , The rise was quite slow and laboured until Europe opened..markets will now try to move up further towards their targets of 4850-5100 ..supports lie at 4670 & deeper at 4580 zone..trade in the direction in the coming days with very strict stop loss..enjoy the day cheers..

WEEK AHEAD

Markets are poised to scale higher this week & Nifty is expected to cross the old high..Sensex did it last week..Weekly S/R is placed at 4576...with the range being app. 4300-4800 for the coming week..enjoy your trades ..cheers.

MONTHLY TECHNICALS

Sensex has crossed the old high and Nifty may cross it this week..Momentum is in favour of the bulls still..Monthly INNER range is 4100-4900 with 4400 as S/R...( WEEKLY S/R is 4576) Where does it leave us now..Well we complete 5 months of this rally this week from the lows of the March, The party has to end sometime .from where ????? who knows..My advise is, just follow the charts and the technicals and keep very strict SL on your long positions for any sudden reversals in coming days or weeks..enjoy the weekend ..cheers..