Thursday, December 31, 2009

GOOD SETTLEMENT

Markets did the final settlement for year 2009 at 5200 around ...thats what the call was in the morning in this blog..Hope all have enjoyed visiting the blog this year & once again wishing all a very happy and prosperous new year..cheers.

HAPPY NEW YEAR

Seasons greetings and wishing all visitors a very happy and prosperous new year..We may be starting at 9 am from 4th january, so a lot of morning rush for getting ready for the day etc..Regards today trade 5200 is where this market can settle..5150 -5250 is the range..enjoy the day and the coming holidays ..cheers.

Wednesday, December 30, 2009

WAIT AND WATCH

Markets hovered around 5200 , just letting some profit taking to take place..Range seems to be around 5150-5250..trade that ..enjoy the day and coming holidays ..cheers.

CONSOLIDATING MARKETS

Markets are pausing at 5200 after the fast furious move up...Being a settlement week some amount of volatality can be expected....Buy in dip only should be the stratergy..range could be +/-100 points from here ..trade the trend..cheers

Thursday, December 24, 2009

YEARLY TOPS

Markets just about consolidated the whole day to suddenly surge and post the yearly high at 5197.90...(NF posting 5209.95)..Bulls have given everyone a cheer this christmas specially to the people who are still stuck in stocks & can use this opportunity to unwind as we rise..Markets are overbought after 2 days of unrelenting surge and will unwind soon..Again buy in dips should be the key..enjoy the long weekend cheers.

UPMOVE

Markets shrugged off the weakness near supports of 4930...& gave a spectacular ride to cross 5150 again ...What Next ???? Markets will try to consolidate in the 5100 plus range (short covering will cushion the falls)to try and breakout over tops of 5182 for 5250-5350 zone..Failure again could invite some serious unwinding..enjoy the day & the long weekend..cheers.

Wednesday, December 23, 2009

SPECTACULAR RALLY

Well these are markets??????? ..had hoped to close tomorrow at 5050-80 zone , but market had other plans , it not only crossed this threshold of 5050-5080 but closed over 5150..Nothing in the technicals could have predicted this move of today ..Well just being on the right side of the trade or the policy of buy in dips , would have helped..(Bad Long Festival Weekend coming for people on the short side of the trade)...lets look at the Market Footprint again during the long weekend..enjoy the day cheers.

CONSOLIDATION

Markets may not be doing much...Option seller smiling as Daily OI is being shed of options..4950-5050 could be this holiday range..trade accordingly..cheers.

Tuesday, December 22, 2009

BOUNCE TODAY

Markets did give the much needed bounce but was stuck in the 4990-5000 zone the whole day..Holiday mood seems to be the reason for lack lustre trades..so wait for dips to buy and sell on rise..4930-5010 could be a range to watch..cheers.

POSITIVE CUES

Markets will bounce back from its oversold positions due to global cues..4980-5000 to be watched for today for resisitance. Trade light and in directions , watch 4930 in close if you are long..enjoy the day cheers.

Monday, December 21, 2009

PROFIT TAKING

Markets are still in profit taking mode as there seems to be no support coming for buying..Markets just drifted after remaining positive for sometime towards the support of 4930 area..Breach below that could cause some serious unwinding in longs..Watch that area and dont be a in a hurry to buy if this breaks ..Bounce back will face resistance at 4990-5010 zone..enjoy the day cheers.

WEEK AHEAD

Markets today are flat, waiting for cues to move ahead..5050 appears to be the S/R of this week with a range of 4850-5250..The levels to trade have been written last week too in this blog trade that..Please note that this is a truncated with a holiday on 25th for Christmas.enjoy the day cheers.

Friday, December 18, 2009

TRADING MARKET

Market moved both ways today, showing its weakness at 5050 zone ( making lower highs )and tripped below 5000 levels to test waters ..Moment we broke 5120 this week 5000-4980 was a target as I had been writing ..do we dip to 4930 & below or we try for bounce..will look over the weekend for the cues..till then enjoy the weekend & do send me the mail with your email id ..enjoy the day cheers.

WEEKEND BLUES

Asian Markets are soft all over due to Europe/US woes and sell out..5000 around is the key zone to watch as Markets have been taking support here..Generally around the weekend , markets do make a move ..Trade carefully and with the trend ..enjoy the day cheers.

Thursday, December 17, 2009

DAY TRADING

As mentined in the morning markets will consolidate to seek the direction moving both ways when uncertainity is there..( Thus it made a INSIDE DAY )Day trading was the call today and it worked both ways for technical traders..Good profits for swing traders..we are in 5000-5080 zone..lets see which side breaks first..enjoy the day cheers.

CONSOLIDATION

Markets will like to spend time to consolidate here or at lower levels to look for the next move. Considerable OI build up came up yesterday in 5100-5200 calls so thats the immediete resistance and shedding took place in 4900-5000 puts so a slip below 5000 is also possible till 4930-50 zone..Be patiant wait for markets to consolidate to commit resources, better still be a day trader for a few days ..enjoy the day cheers.

Wednesday, December 16, 2009

BOUNCE BACK

Markets took support where they should have at 5000-4990 zone and gave a bounce back..If global cues are positive tonite from US etc then we may rush up on open tomorrow..The range 5000-5200 has worked well again..Good day for long side trades ..watch 5080-5100 closely , only cross & close above this takes us up again..Hope ppl. visiting are enjoying the technicals and trading tips that I give here on daily basis..enjoy the day ..cheers.

PS: I would request all who are visiting my blog regularly to kindly send me a mail about the same at bhrajan@gmail.com. There could be some changes from 1st january 2010 in the blog setup and technical levels , commentary..

SOFT CUES

Markets all over are soft to negative..our supports lie in zone of 5000 & deeper down at 4930...Now we are at the bottom of the range of 5000-5200..Markets can halt and bounce a bit from the support zones..Trade accordingly..(Buy in DIP- Sell on RISE Works again)..Patiance pays..along with technical knowledge..enjoy the day cheers.

PS: Its been my belief that ppl. who make maximum noise in forums & chat rooms trade the least and lack confidence..they should spend the time learning & trading.

Tuesday, December 15, 2009

THE JERK

Markets finally gave the push..on the downside on break of 5080...The OI was suggesting resistance at 5200.... as maximum OI of 5200 calls was there and growing today on breach of 5100 that call OI also increased.. Suports lie around 4980 around and 5080 will give resistance on the bounce back..cheers.

DOING NOTHING

Markets are just about doing nothing...maybe calm before a storm..range working out is 5080-5170..something has to happen , which side...???????..enjoy the day cheers

Monday, December 14, 2009

VOLATILE DAYS

Indian Markets again are in their own world..While the Asian cues were weak we moved up and when Europe opened positive we went down..The strong hands are just about jerking weak hands triggling SL's..The range is compressing now 5180-5080 , something has to give up soon..Its becoming easiar to buy bottom / sell top..Something has to snap for a bigger move..Watch the area closely and trade accordingly..cheers.

WEEK AHEAD

Markets have been trying to cross & move ahead the last highs of this year..and fail each time..A triple top is in place..This weeks S/R is 5120 with a range of 4980-5260..Trading will get tougher in times ahead if the INTRADAY RANGE starts squeezing due to lack of cues or approaching year end etc etc ..Trade small and wait for a good breakout/breakdown to plan your trades..enjoy the day cheers.

Friday, December 11, 2009

ROLLER COASTER DAY..

Markets did what it does best.. A SWINGING MATCH..It crossed the highs & as if on cues sold out breaking 5162 and headed straight for the lows of yesterday beyond 5120 to bounce back at the S/R of the day 5120 zone..It was a good day for level players as markets rewarded both ends, it was a good day....So where is it headed next week ????..lets look over the charts on the weekend seek it out..enjoy the weekend..cheers

MOVING AHEAD

Markets globally are positive and we once again try to take out tops..The message was clear in the last few days that nifty is not falling much and taking support around 5080 zone & bouncing back ..Very important to take out 5162 & stay over it ..Cross of 5181 top could trigger short covering , from scared shorters making markets cross the 5200 hump....5120 zone is now what looks like a support zone..enjoy the trade cheers.

Thursday, December 10, 2009

CONSOLIDATION

Markets again consolidated breaching yesterdays high/low...5100 remains S/R for the the trades ..The range breakout/breakin maybe coming..Wait for it and enjoy the trade....cheers..

WEAK CUES

Markets have been range bound for a few days..5070-5170 seems to be that range as of now..Markets are poised to make a decesive move soon, as it cant remain steady in a zone for ever..5100 zone remains EVEN STEVEN zone..So take your pick & trade accordingly..cheers.

Wednesday, December 9, 2009

INSIDE DAY

Markets just about bowed to global cues and opened weak , and every rise during the day met with selling..Seems at highs participants are not keen to carry and at lows the shorts were covering..it was a INSIDE DAY..and this time the break out/breakin of the range will be fast & furious..5100 is still a key area for this market..enjoy the day.. Its been good trading days for level players.. cheers.

SOFT AGAIN

Markets are displaying nervousness all over the globe with their erratic movements..This could be consolidation for a last move or distribution for a fast furious downside..5000-5200 remains the WATCH RANGE..play small in direction with strict SLs's..enjoy the day cheers.

Tuesday, December 8, 2009

SURGE AGAIN

Despite negative cues and disappointment , markets after consolidation took a quick move up , trapping the bearish participants ..( remember 5100 is S/R of this week )markets are trading on lower volumes these days specially when we are falling , which gives a bit of bullish undertones..we never touched 5000 but are heading towards 5200..where the range again gets capped..lets watch if we break out or retrace from there again..enjoy the day cheers.

VALIDATION OF LEVELS

Markets will be consolidating in the coming days to evaluate the confidence and participation of people at these levels..it could go range bound / sideways between 5000-5200 with some dips below on weak global cues..play the range in the coming days and wait for a breakout/down..enjoy the day cheers.

Monday, December 7, 2009

SOFTNESS ALL AROUND

Markets were soft & trade today was just a feeble drift down on no buying support kind of trades..The volumes were far less in average from which one can incur that no serious selling as of now..OI build up today is in 5100-5300 calls ...5200 calls and 5000 puts have Highest OI. We close below weekly S/R today..enjoy the day cheers.

THE WEEK AHEAD

Markets globally are halting and testing strenghts it seems, every rise is being sold into..Is it distribution going on..Weekly charts are not very healthy and some positive cues are urgently required by markets to arrest this trend & cross the Old highs quickly...failing which a drift downward will start for retesting lows once again.. nearer or deeper who knows???? 5100 seems to be the S/R of this week with a wider range of 4900-5300 in the coming week..trade accordingly ..cheers.

Friday, December 4, 2009

TRADING SWINGS

Markets are trading in the range now , consolidating or distributing , only time will tell..the range still is 5000-5200 ..This range bound trading is bonanza for OPTION SELLERS & the more time spend here the more is their profits..Break will surely come soon and could be wild..In the mean while its been a good trading last 2 weeks ..enjoy the weekend..cheers.

SOFT CUES

No cues from the global markets except some softness..The shorts done at top yesterday due to failure to cross old high/will be quite profitable on opening....The range still is 5000-5200 with now 5100 being a kind S/R zone( Markets are poising/cooking for a big move..some time soon technical traders will be able to recognise the signs ) enjoy the day..cheers

Thursday, December 3, 2009

UNSETTLING TIMES AHEAD

Markets will start doing what it does best..wild swings and jerks ..hitting SL's for weak hands..In case markets dont cross thresholds the jerks are wild & quick....Weak hands like to get out fast..markets could not cross the 52 week high being so near it for cross over to new highs ,brought the sudden unwinding & also due to the fact that this is 5thday from the lows of last week and we were tad Overbought..5000-5200 range still holding good..Hope friends visiting the blog could make gains today in both buy/sell..enjoy the day cheers.

GROUND TESTING

Markets world over are consolidating/testing ground for maybe a last heave up,, can they go up straight from here?????? or correct and consolidate at lower levels , in case Highs are not taken out , this will be known in coming days and Intrady only..In the meanwhile 5000-5200 seems to be the range for now.., Trade accordingly..cheers.

Wednesday, December 2, 2009

NO NOTHING DAYS

There will be days now which this tired market will just be sideways and do nothing at the end of it , Thereby obliging the OPTION SELLERS with depleting values of options..(very frustrating for option buyers)..Hope this period does not extend much...The range is 5000-5200 it seems and break either way could be interesting to see.. for longs keep 5080 SL in close..enjoy the day cheers

RETESTING TOPS

Markets are poised to test 52 weeks high ...& maybe cross it too in coming days As of now OI data suggests build up of calls at 5200-5300 & puts btw 4900-5100..trade with care as we go up) and maybe let the Market guide you , this move up will be 350 plus points..enjoy the day cheers.

Tuesday, December 1, 2009

SURGING AHEAD

Markets seems to be in a hurry to break the 52 week high, crossing 5080 clearly( again watch this area for downside ) to move ahead..The move up has resistances so keep booking your profits again as we climb up...MONTHLY S/R for december is 4900 with a wide outer trading range of 4300-5500 ..enjoy the day cheers.

TESTING TIMES

Markets will try to consolidate and find its strenght again for any upmove to come.5000 should be a support zone 5080 again a watch area. The moves may be small after a few days of big moves we saw ..Follow the trend and trade light & wait for the market to show its mind....enjoy the day cheers.