MOVE FROM 5000

Hope visitors to my blog enjoyed the stratergy given of buy above 5000 OR sell below 5000..( 88 points it went up today over 5000)..What next ??????..who knows..Better to take profits and enjoy on the sidelines maybe for a while ..5075 is the area to watch for down side..enjoy the day cheers.

FLAT CUES

Markets are in no hurry for tearaway rally or fall... 5000 zone you watch and trade as a nimble footed trader in coming days ..It may be another range bound day today..keep your trades small & quick with strict SL....enjoy the day cheers.

DOING NOTHING

Markets opened up and stuck around 5000 zone the whole day doing nothing..lets see where we trade next 2 days..Seems bullish move over 5k & bearish below 5k...Its not a bad idea to sit aside & see what happens and take an entry at some reversal point high/low in days ahead..enjoy the day cheers

WEEK AHEAD

We open today after holidays..The week ahead has as S/R of 4980-90 with a broad range of 5150-4850..This is a 3 day trading week & can be low on volumes..We will open up as SGX NIFTY suggest and will try to climb towatrds old highs..Do trade in the direction with strict SL in place for any sudden moves the markets may give in coming days..enjoy the day..cheers.

TESTING TIMES AHEAD

Markets now move into time zone where its going to really test bulls & bears..Today was a good example..days ahead should be volatile , swinging and fun for technical traders as moves either side should be fast & sharp and anyone catching them ends up in good fast gains....4910-5010 is a range as of now break either way should carry markets quickly in that direction next week..enjoy the holidays ahead..will try to post some chart over the long weekend for seeing the direction ahead for trading..cheers

GLOBALLY SOFT

Markets yesterdaybefore close was making HARAMI BLACK as daily candle , which meant that the rise up was false( longs to be unwinded before close )..Markets have opened weak all over and SGX Nifty suggests open around 4940..supports still lie in 4910-30 zone below which it will test the old breakout zones way down..We close today to reopen next tuesday which also leads into a truncated trading week ahead..not much should be expected in coming days and only from 5th onwards some serious trading may set in.. enjoy the day ..cheers..

GOOD GAINS TODAY

Markets stopped just about at 4900 zone , the level given in the morning to run back to the resistance zone and above..of around 4990.. ( another higher settlement month )Markets now will try to retest the tops or scale over them in the coming days..supports still lies in 4900-4930 zone....its been a good series with huge swings for swing traders..enjoy the day ..cheers.

SOFT GLOBALLY

Profit taking took the better of the markets yesterday..Weekly supports lie around 4900-4930 zone..break & close below this can take us much deeper down..resistance as of now is at 4980-90 zone...let settlement be over , and then a fresh look can be taken for the market ahead..Next week is a 3 day trading week so not much could be expected in coming days..enjoy the day cheers.

UNWINDING & PROFIT BOOKING

Had written in the morning that if we dont go up ,we will trash fast & furious..despite of calls of 5100-5150..settlement ,markets just about stayed near 5000 , breaking it in the end to rattle the bullish expectations for settlement...Supports lie in 4930 zone and resistance around 5020 zone..Trade accordingly..Last few days have been good, trading wise in the swing trades..enjoy the day cheers.

FLAT CUES

Markets are flat all over..hope visitors to this blog are posting profits in their longs..Technically when markets dont get cues to go up it unwinds fast & furious to lighten up for any further upmove..watch 4990-5000 zone carefully in the coming days for such a move ..going Ahead 5075 zone is a critical area from 2007 rally break out & support ...Only beyond that will we attempt the ISLAND ZONE formed in early 2008..enjoy the day cheers..

TIRED MARKET

This looks to be a tired market , going up slowly, defying all cries for correction, riding the wall of worry beautifully...looking for some cues to move up..The area to watch is 5000 with a range of 4900-5100 as of today...trade the next 2 days with caution for sudden moves either way..enjoy the day..cheers..

MARKETS TODAY

Weekly range i posted in the post below..5000 is a watch area..trade the dips on the long side with small SL in place ..The settlement should be exciting with some volitality ahead..enjoy the day cheers..

WEEK AHEAD.

Markets are poised at very crucial levels of 5000 zone which was the R2 of september month..The weekly S/R is 4930 ..and the range could be 4700-5150 for the coming week..The settlement ahead could be a swinging match so play in the direction and keep booking your intraday positions..enjoy the holiday ..cheers.

LONG WEEKEND AHEAD

After making highs of 2009 markets went into profit taking yesterday ..same may continue today as supports lie at 4950 to 4920 zone..Its time to put your thinking cap ON while trading..We are at highs ..& liquidity is the only driving force..Stock prices are not going up much but INDEX is..Take a breather and enjoy the long weekend or till settlement..Cash in your longs as we rise if you are still holding out..wait for a good dip to get back in..5040-60 could be a top for the coming days over yesterdays high..with 5150-60 as ultimate target for this leg up..enjoy the day cheers

LANDMARK 5000 TOUCHED

Markets just about touched and reacted from 5000 zone to profit booking..hope friends kept booking their longs if any..Markets will test the supports and resistances now for next few days as settlment comes next week..so trade w/o emotions and in the direction..( Many a stalwarts have fallen on the wayside by being on the short side of the trade this month..)enjoy the day..cheers.

POSITIVE STILL

Markets globally are still positive astounding all..5000 is a resistance target of the market for the day over which we may try to touch 5040..supports now lie at 4890..and below that 4810..trade accordingly as we are heading into the setllement week which may be very chappy with wild swings....cheers..

SURGING AHEAD

Markets are absorbing just about all the feed it is getting and just about moving ahead crossing each resistance ..The TWO TARGETS that markets had were 1) 4990-5000 , where we seem to be headed now..and...2) 5150 zone which we may head towards in case we are able to give a few closes over 5000 levels.. Supports now lie at 4810-20 levels..Trade accordingly..cheers

POSITIVE ALLOVER

Markets are just unrelenting on global cues & liquidity..and the rally seems to astound all and sundry..cross and close over 4890 can take the markets to 4950 & above that 4990-5000 range..Will advise here on to only buy in dips and maybe stay away for a while if you are in cash..Any weakness will now be only below a close of 4890 now..enjoy the day cheers.

HIGH OF THE YEAR

Markets are poised at very critical levels..4900 zone right now..Which way it will go..???? is the question in everones mind..ANS . is no one knows..just book what so ever your profits are in the next day or so as we are moving into resistance zone of 4920-50 now..enjoy the day..cheers

NOTHING AROUND

Markets doing just about nothing..waiting for some kind of trigger for a move. 4800 is emerging as a S/R zone to watch..I feel we should let the market show its hand in the next few days before one commits funds either way..4890 has to be scaled first for getting a semblence of any move going forward.Failure of this , we have to seek supports much below...enjoy the day cheers.

STILL HANGING ON

Markets are just about hanging on to then gains..& 4800 was held in close..Bulls are finding the going tough & the climb up is laborious..The market postion as to close today is NEITHER HERE OR THERE type.. This small range may break soon in the next few days & the move can be fast and furious..( hope all noted the levels posted in the chart in the morning)..Do Trade with care and Sls in place..( Despite a small range a decent gains for swing traders),,,,enjoy the day cheers.

WEEK AHEAD

Markets are soft all over..4800 zone is the S/R of this week with 4600-5000 as the app. range for the coming week..

As can be seen from the above chart , we are in a upward sloping channel over the last few days/ weeks making higher highs/lows..The above channel chart shows a tentetive target of 4950 above which we can rush to 5300, Break & close below the of the lower channel ie app. 4650 for a few days will end this upward move..Enjoy the day and trade accordingly..cheers.

INSIDE DAY AGAIN

Markets are closing over 4800 levels for the 4th straight day..After making a inside day again today its closed towards the high of the day, indicating a certain amount of bullishness for the week ahead.Cross now of 4890 can easily take it to 4990-5000 zone , as in last 2 days it has jerked the weak hands a few times..Area to watch for support or stop loss for longs now is 4790-4800..This has been a good swinging week..enjoy the weekend ..cheers.

WEEKEND TRADE

Markets globally are taking support at key levels to make small bounces back..( liquidity)Selling at higher levels is quick ..the range still is 4780-4880 (+/-50 points) as of now...I will advise booking of profits in every rise , to remain in cash for a while in investments.., trade intraday only so as not to be caught in any sudden moves either way..and to wait for a good dip to get in..enjoy the day ..cheers.

VOLATILE DAY

Markets today again moved in a range 4800-4900 ...Lots of feed coming at highs..with ADVANCE BLOCK as the day candle..Any longs should have a SL of 4780 in close..Reaction area now becomes 4880-4920...be nimble footed and trade w/o emotions in the coming days ..This is again a classic SWINGING DAY..enjoy the day cheers..

POSITIVE ALL OVER

Markets are in a positive frame again globally specially Asia..4880-4900 is the watch area cross of which markets can have a fast upward move..RIL just about started moving ..keep a close eye on that for trade ahead in coming days....I still feel caution should be used here and trades taken with strict SL..4780 and 4740 below that could be the support to watch..enjoy the trade cheers.

INSIDE DAY

Markets remained range bound as expected and made a inside day after the big move..the range of 4680-4880 should be looked at in short term.. RIL has helped keep the markets up in last 2 days ..Profit booking in that could augur softness in coming days ...trade accordingly ..cheers..

RESISTANCE AHEAD

Markets should experience resistance in the 4850 zone and profit taking on every rise can be expected..Some good fresh momentum/money is required for markets to cross this congestion zone of 4850-80 in coming days..Technical Traders can utilise Intraday Charts for SWING TRADING in the coming days ..range as of now should be 4680-4880...enjoy the day cheers

SWINGING DAY

Markets just about ended as even steven day between BULLS /BEARS..A quick fast jerk in last hour showed the underbelly of nervousness..specially the weak hands..No harm in taking home profits as we climb up and wait for some time to get back in again.. The range should be 4750-4850 now..enjoy the day cheers..

MARKET AHEAD

Markets gave the bullish breakout yesterday crossing the old highs squarely..the zone of 4850-80 has resistances moving ahead cross of which could give markets a sudden runup on cross of 4920..supports now lie around 4680 zone below which is 4600 zone again. Trade with care and keep booking your profits, wait for good dips to get in again in case markets hold the lows....enjoy the day cheers

BREAKOUT

Markets after consolidation last and with fridays move just about moved to cross and make new highs ..the range of 4600-4800 maybe breached on the higher side..Do book your longs tomorrow if any ,as profit taking unwinding can be expected.. above 4780 market can make a dash for 4880-4920 zone.. support lies deep down..enjoy the day... cheers..

WEEK AHEAD

Markets just about surged ahead to close near 4700 zone..4670 zone should be taken as the S/R of this week going forward..4600-4800 could be a range..Trade accordingly..cheers..

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WEEKEND RELIEF

Markets just about finished its consolidation and gave a weekend gift to belegured bulls ( Trapping the Baby Bears badly)..now we are in the range 4650-4750...for the next week..The move of today was very clear when markets held the lows of 4577 made few days back..( it just jerked the weak hands with the sudden Intraday dip to lows & then the spectacular pattern of the RISE UP..( A classic W pattern in intraday charts, see above in the chart the swing lines.....) cutting once cross of SWING top of 4650 to the 4720 zone..enjoy the weekend..cheers..

FLAT STILL

Global cues giving no clues and markets just about being flat all over..seems market participants are waiting for some directional cues to move forward ahead..Lets wait and watch also what happens in the coming days ,,,,,mean while the range of 4550-4650 is still on..trade accordingly cheers.

RANGE BOUND STILL

Markets when they are not able to cross a threshold over a few tries in hours or days ... then turns and goes to test the supports at bottom again ,to gather momentum for any UPMOVE ..or vice versa..4550-4650 is turning out to be the S/R of the Markets right now..Watch which side it breaks to pick your trades...( A nice swinging market for SWING TRADERS )..enjoy the day cheers

TAKING SUPPORTS

Market cues globally are taking supports today and so have markets opened positive..Follow the range of 4550-4650-4750 in coming days..Some amount of turbulence , jerks and wild swings can be expected in the coming days when Bulls Bears fight hard..enjoy the trades ..cheers.

RESILIANT MARKETS

Markets just about opened down and took support at 4570 zone..to bounce back to resistance area of 4640 around.....4550-4650-4750 will be a trade zone, in case 4600 is held in close in the coming days..Close below 4600 does not augur well for the markets....so take trades accordingly..cheers..

SOFT AGAIN

Hope Friends visiting this blog would have booked at top of the range their longs & must be relieved and smiling seeing the softness all around..we broke the 4630-40 support in close yesterday , which meant that there is further weakness and that the shorts will again pay on opening the next day....4560-70 is a support failing which supports lie deep down..Care should be taken in Trades and my advise is to trade the DIRECTION & not the EMOTION..Resistance now is 4630-40....enjoy the trade..Cheers.

JERKING DAY

Markets gave today the typical JERK...move up followed by quick move in the oppposite direction..Catching the baby bulls on the wrong foot..The huge fall was due to heavy stoplosses being triggered on longs..( Intraday charts had warned of the resistance & to exit longs with a clear sell signal )the RANGE given 4630-4730 is proving to be quite a handful..It tripped from about 4730 zone till the support zone which also got breached ..trade with care in days ahead and let the markets show their will & direction....enjoy the day cheers.

MOVING AHEAD

Markets after weakness seem to be moving ahead in Asia, but still range bound..Trade in the direction as 4740 again can offer resistance..supports now lie in 4630-40 zone..enjoy the day cheers.