FINDING STRENGTH

Markets gave a Giant of a move today to move app.270 points or app. 78 % of the fall..catching many ,who then had to cover shorts in desperation.. Despite of this rise the Markets are still trying to find its strength at EOD today ..All is not very rosy as Europe is loosing all the gains of friday as we closed..I had posted the chart & given the range in the morning.. & this is turning out to be a traders delight of a market giving gains both ways ( short/long side)..Trade it & make money .. The last few days have been good for swing & technical traders....enjoy the day..cheers.

PS: HNI's or large players who are keen to take positional/swing calls of NF & Options and select stocks for good gains ,can be in touch with us ..We follow a trading system . Do send us a mail or chat up in yahoo msng.

WEEK AHEAD.

Markets in Asia are rocking , The chart above suggests resistance at 5011 app. , cross of which takes us higher. The buy in panic dip will hit the bulls eye again on opening..Do keep booking your profitable positions on rise....4960 zone is a watch zone for the coming week..with the inner range being 4800-5100..lets see how markets pan out in the coming days to make any sense of its structure..enjoy your trades..cheers.

SWINGING DAY

These last 2 days have been a great lesson for all who follow technicals & swings..Markets dont respect what experts say ..it respects levels ..Keen followers of technicals can sense these moves..BREACH OF 5050 started the slide yesterday for app. 250 points.. Coming to technicals despite deep correction due to momentum , markets respted the 4850 MONTHLY S/R , to close abt. 100 points above that..News/Events are just excuses for markets to unwind it heaviness & fatigue..For traders the (SELL ON RISE BUY ON DIP WORKS..)what next..lets look over during the weekend some charts to see where we are headed..enjoy the weekend cheers.

UNSETTLEMENT DAY

Yesterday became a UNSETTLEMENT DAY on a SETTLEMENT DAY..due to DUBAI factor as being flashed all over..The fact is 5130-40 zone had to be crossed and close above for markets to move ahead..The hesitancy was obvious & Yesterday it got the trigger to unwind , making many expert stalwarts propagating bullishness vanish..( they will hibernate now) The policy of sell the rise and buy the dips holds good once again..Yesterdays mayhem has done a structural damage to the market..It will take a few days to work out whether this halts around 4850 zone or goes deeper..A small bounce can be expected when we gap down today from the oversold zones..(avoid shorts here)..enjoy the day cheers.

SOMBER DAY 26/11

Today is the day to pay tributes to the Innocent people who died & the Very brave who sacrificed their lives for our country in the carnage of Mumbai ONE Year BACK...Hope the Government & our concerned gaurdians wake up to do their duties ie to take care & protect the citizens of India. A special prayer for KARAM KANG , the BRAVEHEART GM of TAJ , who by his steadfast & exemplary courage set an example of service and courage for all of us. The day has now been etched now in our minds... JAI HIND

SETTLEMENT BLUES

Despite nervousness the markets shrugged of the Asian blues and moved ahead towards the 5130 zone, where a little profit taking came in from the weak hands..We have again closed above 5100 and will attempt 5180 over todays high in the next few days..5080 becomes the watch area on the way down, (the key to profits is keep booking your profits at highs and wait for dips to get in.......) enjoy the day..cheers..

UNSURE RIGHT NOW

Global cues not withstanding, Markets are just about unsure right now on the direction going forward..5050 offered support and deeper down 5000 around should be a support..Markets have to cross the threshold of 5130 around for any upmove towards 5180 going ahead..Take trades as per your risk appetite as the 2 days to settlement may be swinging choppy too..cheers

CONSOLIDATING

Markets again are trading around 5050 zone, trying to hold supports there..5030- 5130 could be a tentative range ,break eitherway could be small break out..trade accordingly..enjoy the day ..cheers.

CONSOLIDATION AHEAD

Markets are poised now at 5100 levels with a range of 80-100 points either way for the next few days. This being the settlement week , volatality can be there so be sure of your SL's in your moves...There is movement in select stocks , keep an eye for them in days ahead..(Dont get confused with wave counts & double talk etc etc , Take your call as its your money)..enjoy your trading cheers.

SURGING AHEAD

Markets added to the gains of friday & closed over 5100 after 23 days..foxing many who had been expecting a slide below 4900 on friday...200 points app. from low of friday..5070-80 is watch area on dips and 5150-80 a resistance zone in the coming days ....enjoy the day cheers.

WEEK AHEAD

Markets made a major move back towards the recent highs on friday surprising many ..We will now be doing TRIPLE TOP here in intra charts..Markets have to cross 5110 & above in the coming week failing which it may drop back once again to test lower range..This week 5030 is the S/R zone and the range maybe 4900-5200..Trade accordingly but keep booking your profits and have strict SL's in longs..enjoy the trade cheers.

SPECTACULAR RALLY

Markets just about stopped at 4930 & did the reverse catching many with shorts & trapped them at lower levels with its speed of reversal....we close above 5050 levels..& Monday should be a good day again with little help from global cues..Hope all enjoyed the calls in the blog in the last few days and were able to make a killing..enjoy the weekend cheers..
PS: New friends visiting the blog can go through the analysis of the last few days to catch up with the trend of the market.

SETTLEMENT WEEK

Markets gave the CLASSIC JERK yesterday due to sheer lethargy at higher levels as no positive cues were there to take it over 5100..Today it may find some support around 4930-50 zone or a little deeper , for a small bounce back & then set course next week as to whats on its mind. NON CLERANCE OF 5090 does not augur well for the BULLS..Keep trading till then..enjoy the day cheers.

PROFIT TAKING

Hope people visiting my blog would have used the levels of 5050 for the Trade today..(We just refused to cross it and then fell hard..)The sell signal was generated yesterday below 5050 was a target area of 4950 zone once markets break below 5010..Hope longs were booked in the last few days and shorts closed today..4930-50 is a old support zone below which ??????? range given already . ..Buy on dips will work again for patiant traders....Enjoy the day..cheers

SOFT CUES TODAY

Markets all over are soft & for us the area to watch still is 5050 zone..The range still is 4850-5250..Stratergy for the day could be buy in dips & trade with strict Sl's from here on..(Profits Booked are the only money gained)..Trade accordingly..enjoy the day cheers.

CONSOLIDATING

Markets are not relenting but just consolidating..5050 zone emerges as S/R zone now .. This zone been held in close now for a few days..Breach of this area in close is not good for Bulls..Targets could be a range of 4850-5250..trade accordingly... cheers.

CRUCIAL ZONE

Markets again are poised at crucial juncture, If it does not take out 5100 clearly, profit booking may set in..Break of 5010 this time may take us into a little deeper correction..Cross & Close over 5110 can test the previous highs of 5180- zone.Trade accordingly..cheers

ROLLER COASTER

Markets are now going to consolidate in a range 4990-5090 & the breakout/down could be 100-150 points..in the coming days, Trade the range with strict Sl's..in either way..enjoy the day cheers..

WAIT & WATCH

Markets are in a zone where it can move eitherway..Breakout over 5120 and breakdown below 5030..Trade the range and keep booking profits..enjoy the day cheers.

RESISTANCE ZONE

Markets gapped up to face resistance around 5070-80 zone..(refer chart posted on sunday) It has to cross and close a few days over 5110 for any upmove, failing which a correction of this up move can set in..Do keep booking profits as we go up..Try to take intraday trades and carry your profits home daily....enjoy the day ..cheers.

WEEK AHEAD

The chart posted yesterday gave a idea of the path ahead..5050-5070 zone could provide resistance ,cross & close of which takes the market to old highs.. S/R zone is 4950 ..watch that carefully when & if weakness comes..Keep booking profits and your Sl's in case there is a sudden dip in the coming days..enjoy the trade cheers.

FOOTPRINT GOING AHEAD

The chart above shows the Speedlines for the reversal of 5182-5038 & now a tentative footprint for the 5038-...?????path ahead..The markets on a bullish frame can move towards the target of 5070 & above and on reversal below 4930 may find support around 4800 zone..Keep booking profits as we climb up & stick to the policy of wait & buy in dip in the coming days..enjoy the weekend ..cheers.

WEEKLY ROUND OFF.

Markets have closed close to 200 points above the last week close..The Gloom Doom of last week has ended in Euphoria this week..The range is 4850-5050 around as of now watch the levels carefully and trade with strict Sl's as the break either way could be a fast furious move.. ..Trade accordingly and enjoy the weekend..will try to post some chart for path ahead during the weekend ..cheers.

SOFT CUES

Markets have deeper support around 4850 zone and resistance at 5050 zone..At 4950 we are in the middle of the range.. Take your call as per your risk aversion..enjoy the day cheers.

PROFIT TAKING

Markets just about could not cross the highs and gave the sudden jerk to Intraday traders in the last hr or two..hope people booked and could buy back at 4930 support zone ( Buy in dips worked well today too)..Markets should cross 5016 in the next day or so otherwise we may look at deeper correction again below 4920..enjoy the day..cheers

CONSOLIDATION DAY

Markets will like to retain the gains of yesterday and push forward towards targets of 5050 around..We will be then over Monthly R1 & Weekly R2..supports lie between 4930-50 zone..keep booking the gains as reversals are also fast and furious and try to buy dips only..enjoy the day..cheers.

SHORT COVERING DAY

Markets went about discounting all weakness here and globally to rally to above 5000...cross of 4950 was the short covering signal ..Huge OI build up during the day of the PUTS abt. app. 78lacs and covering of app. 22 lacs calls shows the days Positive trade..The market is right now completely in bulls hands and RIL did the magic in last 2 hrs..(1802-2130)..So what next..hope all gains were booked today..Markets should have resistance at 5050 zone and supports now at 4950..enjoy the day cheers.

MOVING AHEAD

Markets gave signal of profit booking yesterday..OI data suggests resistance in 4900-5000 zone for the coming days with supports around 4600-4700 zone ...trade with caution going ahead as 4950 may offer resistance..supports lie deeper down so trade light and in the direction with strict SL so as not to be caught on the wrong side of the trade..enjoy the day cheers

CONSOLIDATION DAY

Markets on cue started selling the Gap up (4950)implying that participants preferred booking profits and getting in again on dips..it almost halted at Monthly S/R..(now area to watch) 4780 is a strong trendline support zone of the market from the lows..Cross this time of 4950 will take us straight to 5030 zone..enjoy the day cheers..

POSITIVE AHEAD

Markets will party today due to DOW 13 months High made last night..Well yesterdays DATA of OI suggests huge OI increase in 4700-4900 puts implying the upmove further as CALLS OI have been shed..resistance can be in the zone of 4950-4970 for the time being with a possible target of 5030 whenever this threshold is crossed...keep booking your longs & buy in dips..supports lie in the zone of 4860 the MONTHLY S/R..Trade accordingly..cheers.

POSITIVE ALL OVER

Markets just about carried on doing their march from the despair and lows of last week to move near the MULTI RESISTANCE ZONE of 4900-4930..Remember this is where the breakdown started from..do book profits once in longs if the markets stall here and then wait for a dip to get in again..( Markets generally retest bottoms or make higher lows for bullish moves of future..)enjoy the day..cheers.

WEEK AHEAD

Markets just about moved back from their oversold territory top close last week at 4800 zone..4860 is the MONTHLY S/R( stop & reverse for the traders, above it bullish below it bearish)..The range of the week could be 4600-4900 around with 4720 zone as S/R for the week..Booking profits at highs & Buy in dips could be a stratergy for the coming week..enjoy the day cheers.

CONSOLIDATING

Markets just about moved to the resistance zone in the opening trade where many participants booked their FNO & stock positions in profit..Markets consolidated at 4770 for a while before moving up again.. supports lie in 4730-40 zone ..Next week will set the levels this markets will move to or react from ..Remember 4860 is the Monthly S/R..enjoy the weekend..& the gains of this week..cheers.

COVERING LOST GROUND

In 2 days markets reveresed most of the pain after jerking the weak hands real hard..I had strongly recommended to all visiting here to buy the panic and the dip for a bounce back to 4850 zone..& we reach there today almost ..ENJOY THE GAINS.One can start start booking profits as we gap up and move up..(Till 4900 is not taken out in close for a few days , take this as unwinding of severe oversold positions)4850-60 zone is the MONTHLY S/R.. watch that area carefully for any breakdown/breakout..enjoy the day cheers

ROLLER COASTER DAY

Markets just about roller coastered everyone..Anyone w/o charts or technicals would have been jerked hard both ways..4600 zone held and as the ATP of nifty was so near the Bulls just took the initiative from the Bears and caught them in shorts..triggering widespread short covering..4800-4850 now is a target area provided we remain over 4730..enjoy the day.. cheers

MOVING AHEAD

After a spectacular rally back yesterday , markets may be a little soft due to a profit taking of this rise & global cues. 4500-4600 zone appears to be the support zone as of now based on OI data for a ride to 4800-4850 zone ....keep booking profits in what you bought as we go up & buy the good dips and keep a strict SL as any slippage below 4600 could lead to 4400 levels or below very fast .enjoy the day... cheers

REVERSAL OF OVERSOLD

Markets were oversold deeply by close yesterday and just about unwinded its oversold positions by covering the whole fall of yesterday..Well this is what markets are all about..just about jerked all, forced losses ,gave margin calls , and then absorbed all the morning feed & moved back towards 4670 zone , crossing it with a little hiccup to move back towards 4750 zone above which 4850 zone will give resistance..OI in 4600 puts kept increasing as the day progressed telling us of the strong support of 4600 .. and to go long thereon for the day as Calls were dropping OI fast...Hope friends would have taken the cue in the morning and made money in any/everystock /Nifty today..we were oversold..cheers.

IS IT OVER ?????

Markets today may just about recover some of its very oversold positions with help of global cues..We have been breaking every Lower swing & not crossing the High swings it makes from the last 10 days..FII selling in delivery ,thereby implying selling on rise..Well it has to stop one of these days as 2100 points already shaved off the sensex( we are oversold )..4670 is now a resistance zone and 4510 a support zone...deeper still 4380-4400 around is where this may stop...investments in select shares , in quantities comfortable to you can be done in 4400-4600 zone for the pull back to at least 4800-4850 zone....enjoy the day..cheers..

CARNAGE

Last 1-2 hrs of trade was nothing short of carnage, all technical levels of support just collapsed..It was unwinding all over specially in last 1 hr..Now What..Below 4550 we head towards the 4400 zone as this correction is now based on 3918 wave and its retracement with todays selling..4730-50 now happens to be the good resistance in coming days..Trade accordingly..cheers..

GOING AHEAD

Markets after the break open again to a global weakness still. Refer to the chart i posted on 24th october..4690 was a tentetive target based on the WAVE start from 4350..Below this We are moving in the territory of the wave which started at 3918..supports lie around 4600 zone for the time being for a pull back of some sort due to oversold positions, after which markets will decide the course of action..Structural change is already there for the 8 month ride up now..weekly S/R is 4810-20 with a range of 4450-5150..enjoy your trades..cheers.