A VERY HAPPY CHRISTMAS & NEW YEAR

I would like to wish all a very happy christmas and also a very prosperous 2011..Hope 2010 has been profitable for investors..Markets are poised to scale new heights in the coming year/years ,so betuned and stay invested with ENTRY/EXIT AT PROPER TIME....
Rajan Bhatia

TAKING A BREAK

I will be taking a break from blogging for a MONTH OR TWO , after having given techinicals here daily from the last almost TWO YEARS. Kindly do check back on 1st july or august to see if i have resumed here..Hope people following the blog from 2008 would have benefitted with the simple technicals i have always tried to post here..Good Luck for your trading..please follow the markets and keep strict SL's..cheers

We are still offering our NIFTY FUTURE/OPTIONS POSITIONAL CALLS to our paid clients..Any one who is interested can drop us a mail for the special prices or chat up in yahoo..

bhrajan@gmail.com
rjn_bht@yahoo.co.in

SHORT COVERING

The settlement day went in favour of the bulls , markets surged beyond 4930 towards the previous highs..Global cues are positive and we pass over the last high towards 5050-80 zone where some supply can come..do BOOK LONGS today which were bought in the PANIC DIP OF TUESDAY..4930-60 would provide support in coming days to the bulls and only below it will weakness be there ..trade accordingly..enjoy the day & weekend ..cheers

SETTLEMENT DAY

Markets after gapping up yesterday slowly crept to the 4880 zone & finally moved to the 4930 zone , where profit booking came in..Being a settlemnt day the markets would be uncertain..Markets would be weak below 4850 and strong above 4930..trade accordingly..cheers.

MAYHEM CONTINUES

Markets tested the recent lows of 4850 broke and started the journey down to new lows..When FIIs sell , who knows where markets will stop..Please note till now markets have been making lower highs/lows..The day a higher low/high is made is the day of markets turn..Hope all added some good scrips in portfolio in yesterdays panic dips..Markets are oversold & will take some breather..keep booking your longs when you find markets stalling..4880 to 4930.. could be some zones..enjoy the day cheers..

VOLATILE MARKETS

Markets just about crossed the 4990 threshold to trigger SL of shorts and then fell flat on all the gains..Todays global cues will make it retest the bottoms or maybe lower ..Markets may consolidate in this 4850- 4950 zone till expiry in case it sustanins 4850..trade accordingly as volatality could be high in the coming days ..cheers

WEEK AHEAD

It was a very volatile last week with wild swings & deep losses....The S/R for this week is 4960 with a range at least of 4800-5100..Markets sentiments are positive and RIL/ADAG truce could also booster the markets for a good positive opening.4990 is watch zone , close for a few days above it can take us all the way to retest 5080..enjoy the day & the week cheers.

MAYHEM DAY

Markets globally are in the final frenzy which should take some support at 4800-4830 zone failing which the cut could be deeper..Delivery selling by FII's is never a good sign and DII's seem to be keeping their hands off the BUY. Markets are reaching their quaterly supports..Wait for this frenzy to stop or partially dip into your favourite stocks in such panics(have always advised to wait for such dips, rather than buy into a runaway market)Markets have to cross back over 4901 quickly for any semblance to return..enjoy the day & the weekend...cheers

BREAK DOWN

Markets seem to be in a frenzy after breaching 5000 on the lower side..We could have touched 4850-60 zone (Budget Day start ) very easily..but it just halted at 4900 ..Markets will bounce back from this zone to maybe the 200 DMA or 4980 zone..before deciding what to do..Any picks at yesterdays lows should be booked as we rise..This pain is not over till we dont close consistantly over 200 DMA..Trade acordingly..enjoy the day cheers.

SELL AGAIN AT OPEN

Global cues are not condusive fo any rise , thus prompting sell all rises..Gap downs /ups are becoming the norm as volatality increases..Today again markets will open low and may test the recent lows again..The range is abt. 5000-5100..breach of which can take markets +/- 100 points ..pick few select stocks as things stabalise in & around this range..cheers

UNSURE CUES

Markets went to retest the recent lows & bounced back from there to almost recover the gapdown..5000 still holds the key in close breach of which can take us much lower..Watch 5030 for weakness today& 5090 as resistance zone cross of which can take us to 5160 zone..Be nimble footed and trade light till some sense comes on direction..enjoy the day cheers.

WEEK AHEAD

Markets are again in a sell mode failing to stay over 5200 in close..So what next ???? 5100 could be the S/R zone for the coming week with a range of 5000-5200..A few closes below 5000 can take the markets to retest the 4800 lows....trade accordingly..cheers

TESTING LOWS

Markets corrected the fibonnici correction of this upmove to surge back..5100 zone provided support 5200 zone should provide some resistance..The range is almost set... a BREAKOUT/IN from this range may take plave in the coming days...trade the range till then ..cheers

RANGE BOUND

Markets having gotten over the euphoria got back to its routinne business and gave the requisite retracement the markets so deserved by way of profit booking...5100-5200 should be a consolidating range break in/out would give the nessary short term moves..trade accordingly..cheers

BEARS BUTCHERED

Markets after being oversold last week..( remember had written next week could be a different story)opened at S/R of 5080 & just about surged ahead with the EU news to touch the upper range of 5200..As it has recovered lost ground quickly it should consolidate to attempt the old highs if it manages to stay over 5200 for a few days..Do book profits in your longs & the dips for buy..enjoy the day cheers

WEEK AHEAD

Markets took support around 5000 zone and may make a retracement this week ..4900-5200 could be a range with 5080 as S/R for the coming week..Markets may react from the tad oversold zones..Trade with caution in the coming days and keep booking your profits on the longs initiated as we go up..enjoy the day & week..cheers

MELTDOWN

Just last month we were looking at NOISE of 5600 plus targets ..now we are at 5000...typical of market jerks..so whats happening..Its a routine correction of the rise from 4667-5400..4950 zone is 200 DMA or 61.8 % retracement of this rise..break of which , we can then drift to 4900 around (THE BUDGET DAY TAKEOFF)..on panic days one can start part investment for short term into select shares one likes..Next Week could be a different story..My advise here of being a trader for a few days would have helped..Watch 5000 for support today..cheers.

RETRACEMENT

Markets bounced back from the support zone of 5050 to close at the top of the day.The global cues are still negative and Daily charts still indicating a sell along with weekly charts ..that will keep the pressure on the markets..Break of yesterdays low can take us deeper down..5160 is a resistance over which will be 5200 zone..Be a trader till this sellout does not stabalise..This is a correction of the move from the lows. for today 5080-90 should provide support ..enjoy the day cheers..

PS:This is for sunil talreja..
sunil , your buy yesterday was good keeping in view longterm as this is a commodity..your next question of when to buy long term..well my take is Markets always give a huge huge jerk at least twice a year..when the correction is for 3 weeks or over..buy then what you like for long term investments..you are safe then..

HUGE JERK

I hope all friends following this blog would have been cautious as i had been writing from the last few days that global cues are lacking and break of range 5200-5300 will be the cue..Markets will GAP DOWN on open today at a support level of around 5050 around below which 4990-5000 should provide good support for a small bounce back..resistance will be now at 5100 & 5150 which will be difficult to cross quickly..Break of the low made today will augur more selling to test the 4900 around zone..wait for the markets to stabalise in the next few days for any investment ( NO ONE KNOWS WHERE IS THE BOTTOM)..BE A TRADER in the mean while ..happy trading..cheers

C0NSOLIDATING

Markets are consolidating in the 5200-5300 zone ( OI data also suggests build up in the puts/calls of these strike price) to see whether it can have steam ahead to cross 5400 & move forward or needs more unwinding to consolidate much lower..Watch this range for break out/in , in the coming days week & trade accordingly..enjoy the day cheers.

WEEK/ MONTH AHEAD

Markets still showing weakness despite recovering from lows /selling...global cues still missing & still weak....Watch 5270 zone for this months /weeks S/R , with a range of 5050-5550 as monthly outer range & 5100-5400 as weekly outer range..Take trades with SL's as coming weeks could turn volatile. enjoy the day & the week cheers..

RETRACEMENT TODAY

Glabal markets stabalised at our support levels of 5200 around & our markets after consolidating yesterday will also move in tandem towards the resistance zone of 5270-90..Do book profits of longs initiated to enjoy the weekend..Next WEEK/MONTH could be a NEW CUP OF TEA...enjoy the day & the weekend..cheers.

SETTLEMENT DAY

Markets are weak & settlement day could be volatile..5180-5200 zone is a support and 5270-90 zone will be resistance.. Trade the ranges with strict sls in the coming days before markets again show their hand..enjoy the day cheers.

THE JERK

As projected yesterday due to lethargy in the markets the jerk was lurking around the corner & the global cues will trip the market today on opening..5180-5220 is a support zone below which some serious profit taking can emerge..5300-5320 will be resistance zone in coming days..trade accordingly..cheers.

LESS CUES

Markets are still not having any positive cues for a break out and may consolidate by retesting 5280 or lower..Only BREAK & CLOSE OVER 5400 zone signals a break out ahead.Be cautious as markets seem to be nervous & can give a BIG JERK too when it lacks momentum on the upside....enjoy the day cheers.

WEEK AHEAD

Its the settlement week so expect volatality to set in. The S/R for the week is 5270 with a tentative range of 5100-5450..Gap ups /Gap downs not giving much opportunity to Intra day players..so wait for a range top/bottom to get in for gains..enjoy the week & the day cheers

CONSOLIDTION

Despite our break the market is just about consolidating in the range of 5200-5400.. There are not many positive cues globally as of now to give a fillup up & bad news is slowly filtering in..My view is to play this range carefully & break of this range is then traded in the direction...will look into technicals during the weekend to see the path ahead in the coming weeks..cheers

TAKING A BREAK

We are taking a break starting tonite till 22nd April..So will not be able to update daily technicals .
We are planning to start a POSITIONAL CALL SERVICE in the coming DAYS at a ATTRACTIVE INTRODUCTORY PRICE..All friends interested in availing this service send us a mail at our mail ID's..so that the offer can be sent...

HAPPY TRADING..

WEEKLY TECHNICALS

Markets gave a jerk last week to again retest the top ..5350 zone is the S/R for coming week with a range of 5450 to 5250 ..Care should be taken in the coming days as results season kicks off..Use strict SL's for the range mentioned for trades in the coming week. 5290 break this time will lead to deeper corrections & cross of 5410 will lead us towards new highs..enjoy the week& the day cheers.

JERKING DAY

As written in the last few days 5400 around was the resistance & the JERK area..the fall was expected and went straight for the jugular below 5250-60 taking us all the way to the support zone at 5290..(Hope ppl. visiting my blog appreciate that Its very important to understand the trading range..as the fall from tops is always fast & furious)so what next..?????watch 5260 zone in case we slide down on the down side & 5330-50 on the upside..enjoy the day,weekend..cheers.

RANGE BOUND

Markets still in OB zone , so every rise is getting into a wall of profit taking..Markets have to take out and close over 5410 for a few days to give a move up ..5300-5280 should give good support failure of which a deeper correction could set in.Trade accordingly..cheers

CAREFUL AHEAD

Markets have slowly moved into the OB zone ..will try to consolidate here for any further move up..The final rush could take us nearer to 5500 around..Watch 5350 closely for any weakness..Do book your longs as we go up as markets always surprise with a furiuos /sudden move downwards..cross of 5400 could be see resistance emerging around 5410-20 zone..enjoy the day cheers.

BUYING STILL

FII's still in the buying mode...( gap ups-consolidation the whole day - late surge up) Has been the story for the last few weeks after the correction/fall..higher intraday settings is working for intraday traders while the smaller rating would be hitting SL's both ways..Play the OB/OS in longer time frames to get the momentum right..Also keep a eye on Intraday OI data to give you a feel of where the markets could be heading..Last few days OI of 5200 put was being build up providing a good support at 5200, yesterday during intraday 5300 puts /5400 calls OI built up , giving a cue that market is headed for 5400 around..Trade with eyes open with strict SL's..watch 5300-5400 zone for trading now ..enjoy the day cheers.

THE WEEK AHEAD

Markets after the brief correction started the upmove again, SGX nifty suggests a gap up again..5300 is the S/R for this week with a minimum range of 5200-5400..Trading will get tougher as we go up...but do remember markets keep climbing the wall of worries..Trade with strict SL's..is the key going forward..enjoy the day & the week...cheers.

MONTHLY TECHNICALS

The quater ended on a high note..The month ahead has a S/R of 5200 with a outer range of 4850-5550..Markets may be in a range with volatility in the coming weeks so take trades with caution..Wait for good dips for investments otherwise keep being a trader & sell when markets stall..or keep strict slosses..enjoy the day& month cheers.

PROFIT TAKING

Markets gave the typical jerk it gives to weak hands on expectation of new highs..5230 zone is a support zone and resistance should be there around 5310 now..Markets may just about consolidate for a while here and then see which way it will go..Trade dips..cheers.

52 WEEK HIGH's

Markets all over the globe are at highs & still holding..5280 seems to be a temporary support for the time being below which we can go all the way to 5200 , cross of 5350 can take us all the way to 5420 zone..Be nimble footed ..Trade with strict sl's. enjoy the day cheers

THE WEEK AHEAD

Markets have been consolidating in the 5200-5300 zone which can be expanded to 5350-5150 in the coming week..Any move beyond this will be the breakout/in for the prevailing range..Markets still remain overbought in the DAILY charts so Wait for a sudden dip to get in or play the ranges with strict SL's..enjoy the week & the day..cheers

PATH AHEAD

Markets have consolidated in the 5200 zone for a while to unwind in INTRA charts the overbought situation , thus giving the move up yesterday..The range still is 5200-5300 ,+/- 20 points ... Markets are so resilious that even overbought position in daily is giving no substantial correction..So what should one do????....well ...go long only if we close above 5310 and go short below 5205 with small SL's. for maybe a 100-150 points run..enjoy the day & the weekend.cheers

SETTLEMENT BLUES

Markets globally are sideways to negative ...5200 has been held & 5300 is giving a resistance. Let the settlement pass today as it can have usual wild swings which will be of no use from tomorrow..Do keep in mind that we are at resistance zones and until unless we get some great positive global or domestic cues ,markets may spend time consolidating in a zone before a breakin/breakout comes..enjoy the day..cheers.

VOLATILITY

Markets were ripe for a jerk & it came..with the volatile trading yesterday..We have a holiday tomorrow and the settlement on thursday..As the month has been positive expect a good close to this month.The next 2 days could swing eitherway so be careful in your positions./.5160-5300 should be the range before a breakin/out takes place..enjoy the day & the festival..cheers.

THE WEEK AHEAD

The markets in Asia slumped today and we will follow with a jerk...( had written on friday of this sudden surgical cut)...We were overbought?????The week ahead has a S/R of 5220 with a range of 5050-5400..Markets are overbought and has to unwind to test the lower levels for support any move above 5310..Trade accordingly enjoy the day and the week ahead..cheers

STILL HOLDING

Markets are resiliant on bull side..taking support at crucial levels and not giving up much..Still we are in a resistance zone( 5310 last high) & trade with caution should be the motto..Corrections are part of any run up & it will come one of these days, which could be very surgical & furious..keep 5220 as SL for any longs & keep increasing your TSL every day..enjoy the day..cheers

WHAT NOW ??????

Markets have shown their hand...the breakout is on the bullish side..despite of OB positions of the market...this comes with the huge cash buying by FII's..The whole world markets are partying now and no serious correction in sight..5310 becomes the watch zone now ..markets will consolidate in the support zone of 5150-5180 for any upmove over 5310..that could be a Quick 200-300 points..well be cautious in longs once the supports are broken..otherwise at that zone buy with a small sl for higher levels of at least 5300 around..enjoy the day cheers

RANGE BREAK OUT

Markets took off yesterday from the 5100-5150 range , to reach and close over 5200..So the move is in favour of bulls..The range now should be 5150-5250 for the market & then it will see from there..do book profits in your longs, as profit taking of this is 400 points app. from budget day could come suddenly w/o warning..enjoy the day cheers.

RANGE BOUND

Markets are still range bound BTW 5100-5150 zone..There are no cues for a run away rally..We are in a overbought zone, the rally is now quite old ( its almost 15 days from settlement)..But markets are neither falling or rising...So what to do????? ...Best is to let this period ride itself off..& market to show us its hand.. in the meanwhile ...Happy Navratras.... why keep struggling ...enjoy the day... cheers.

WEEK AHEAD

The markets were in a range last week .. The S/R of the coming week 5150 with maybe a range of 5050 to 5250..Markets needs cues to move ahead & till now no serious correction has been done of the rise from the recent bottoms made..Wait for a dip to get in 5200 plus will offer resistance in the coming week. enjoy the day & the week cheers.

STILL SWAYING

Markets still in no nothing zone..something may happen soon as the week is coming to a end..huge built up in 5000 puts of over 1crs shares is a bit scary as someone is really betting heavy on markets remaining over 5k. Take is easy and let the market unfold its hand..seems we are in a no trade zone as of now..enjoy the day cheers.

WATCH ZONE

Markets will get into a no-nothing kind of a trading zone..5100 area is a watch area with 5050-5150 as some kind of a range ..breakout/in will be break of this range..Be patiant , long hrs. of trade is getting traders no where..except making the brokers happy..so trade less but in the range & wait for good dips to get in..enjoy the day..cheers.

SIDEWAYS

Markets should move into sideways zone in case the previous highs is not crossed..So maybe some boring trading days( Narrow range ) ahead before some Breakout/in takes place in the coming days..5100 is the watch zone for this week. play light and in the direction...cheers.

THE WEEK AHEAD

Markets are surging ahead on global cues and FII's buying...The week has a S/R around 5100 with a range of 5200-4900..Markets seems to be heading towards 5180-5200 zone in the short term with todays gap up...Book your profits and wait for a dip to get in again ..enjoy the day cheers.

SURGING AHEAD

Markets are moving ahead on Global cues/FII's support..5100-5150 is the resistance zone ..Do book your longs as there is a weekend ahead & ( wait for a good dip to get in )..the move from 4700 to 5100 is over 400 points now..enjoy the day & the weekend. cheers

SURGING AHEAD

Markets are being propelled by FII's buy last few days , whereas DII's are booking profits..so what to do ???? distribution will start & small/ midcaps can run..so be stock selective. with strict SL for sudden reversal ..& markets can just about inch up as it is in resistance zone...wait for a good dip to get in as we are in overbought zone in intraday charts..enjoy the day cheers.

RESISTANCE ZONE

Markets having closed over 5000 after long time ,it will now move slowly into the resistance zone of around 5100 as we go up. Profits should be booked as we move up and wait for dips to get in again...( remember we put our foot in around 4700)..supports now lie in 4930-50 zone..trade accordingly ..cheers.

THE MONTH AHEAD

The most of feburary was spend in a zone , breakout coming on the last trading day of the budget.For the coming month , 4870 is the S/R , the range could be 4600-5200..it will be a interesting month going head..Weekly S/R stands around 4920 zone..So whats in store....we were trading the 4830-4930 zone which got broken now and the range changes to 4920-5020..trade this zone till some breakout/in comes..enjoy the day-week & the month..cheers.

BUDGET BLUES

Tough day ahead for day traders as whats in store no one knows..One can just about guess as per ones own stance in favour of bulls or bears...and justify it ..but the fact is that it has been confusing and that can be seen from lower roll over due to the fact that all want the EVENT to be over & gone with so people can come back after the longweekend to start the new series seriously..So best trade today is no trade...just sit back and enjoy this long break & come back fresh to jump in this cauldrom from next week...For compulsive traders ..well enjoy the fun. enjoy the long weekend & happy holi ...cheers

SETTLEMENT BLUES

We are inching towards the top of the range again now with series coming to a end today ..markets may open up on global cues & then just trade around there ..tomorrow being the budget day , one should wait for the event to go before taking any position..4830-4930 is the range as of now ,small intraday trades should be booked by EOD ..lets see where the breakin/breakout comes next week..cheers

SWINGING MATCH

Markets are range bound into a swinging match..sell high - buy low is emerging as a theme..What should one do in the 4800-4900 range..Trade it or maybe just take a break and be stay away till the budget is over and start afresh after that..Markets wont go anywhere>>??????..you will loose a lot of sweat guessing about it..enjoy the day cheers

SOFT CUES

Markets are moving in tune with global markets..The gap up just fizzled by day end on low volumes..we will start soft today as all Asia is soft..I have a feeling the markets will trade the 4780-4850-4920 zone for some time due to budget etc ..before a BREAKOUT/IN takes place..Trade light , in the range & in the direction..enjoy the day ....cheers.

THE WEEK AHEAD

Markets move into the EVENT WEEK, of settlement & budget..US/EUROPE discounted the PIGS fear and moved ahead last week..We gave the classic jerk on friday to unnerve and shake the weak hands & then just move up again...The weeks S/R is 4850 with a range of 4780-5000..As Asia is rocking ..enjoy the buy in dip policy..4930-4950 zone is worth looking at again...enjoy the week,,,,,,,cheers.

SOFT TODAY

Trading & closing below the PIVOT the whole of yesterday gave an indication of weakness in the market & with the Offmarket US cues & Soft Asia markets will move today towards the support zone of 4830-50 ..& Being the Weekend and settlement next week action will be in the OPTIONS..(Hope ppl. booked profits at top as advised)..Trade carefully /light /Indirrection in the next fw days as volatality may creep in now....cheers.

RESISTANCE ZONE

Markets after consolidating in 4800 zone is now pearched at 4900 ,leaving SUB 4700 zone way behind..it would like to consolidate here to make sense of this upmove..FII's are covering shorts and buying select in cash..4900 (+/- 50 points) is the range right now..Only move above 4950 may trigger more short covering for a ride above 5000 & more ..supports lie in 4830-50 zone for the time being..Trade accordingly..cheers

LATE SWING UP

As mentioned on Monday Weekly post , markets did hold 4800 , held the S/R of the week and having a positive bias made a late surge upwards towards 4900 yesterday ...(Bearish experts must be surprised)Well global cues are positive today and 4930-50 is again a watch zone where trapped bulls may unload..4860-80 should be a support zone for coming time, breach of which may start the downward journey again..Keep booking your profits..(specially for the foot in we did at 4700 levels)..cheers

CLUELESS AHEAD

Markets are in a range that being 4750-4850 as of now..if it keeps moving in this range for a few more days it will kill the OPTION BUYERS..Trade the range carefully or wait for a breakout/in .. for the trade..Trading will be tough in the coming days ,with the budget just being there ,as every rise presses the SELL BUTTON from the trapped bulls & they are there in plenty..cheers

WEEK AHEAD

Markets in Asia are closed ...we held 4800 & closed over it last week..The range should expand upwards now..4780 is the S/R zone this week..with a range of 4650-4950..markets may move in a range from here on till the budget waiting maybe for some global cue to make the next move..In the meanwhile spot this range and trade it in the coming days..enjoy the day & week ..cheers.

RANGE BOUND

Markets are range bound BTW 4700-4800 , before they make their move..try to trade the range .this is a truncated week so be light & enjoy the weekend..cheers

MOVING AHEAD

Markets after a small consolidation moved over 4800 last 2 days and with the help of global cues today will again cross 4800...the watch zone is 4840-50 zone , cross of which only can take markets all the way back towards 4900 & above..This is a truncated week so keep booking your profits of what you bought down under..SMILE & ENJOY the profits markets are giving you despite the huge whacks....cheers.

TRADING MARKET

Markets are jumping around both ends of support & resistance..200 Day EMA provided the trigger for intraday shortcovering and 4800 unwounded the longs again....Markets may spent time BTW 4700-4800 for a while before they breakout/in in the coming days..Trade the zone till then & keep nipping in your select stocks as per your comfort for bounces...enjoy the day ..cheers.

THE WEEK AHEAD

Markets after great jerks of last week should try to consolidate this week and then see from there..4800 emerges as S/R for this week with a range of 4550-5050..Be a trader , dont hold on to the losses..Pick & choose your select stocks ..should be the theme till this budget..enjoy the day cheers.

PANIC SELLING

Markets globally melted down and so will we...levels have no relevance for a day or so..As this is a panic dip , do collect some of your select stocks for a bounce back in few days ..Be a trader..enjoy the day & weekend cheers.

RANGE BOUND

Markets yesterday not only moved up and crossed 4890 zone but went all the way again to 4950..As global cues are weak we start down again..Markets may settle in a 100 point range now of 4850-4950 before it makes a move either way..trade and watch this range..cheers.

TESTING WATERS

Markets yesterday touched and sold off from our watch area of 4950, This is emerging now as a tough zone to negotiate..4800 should provide support and 4890 resistance..A breakout/breakin will come in the coming days ..do buy your select stocks in panic dips as usual..trade accordingly..cheers

MOVING AHEAD

Markets just about discounted the falls and surged ahead yesterday and will give a higher open today...Well the foot is in , now enjoy the profits ..4950 is the watch area , above which some semblence of the recovery could be there..In the mean while keep booking profits as we go up..cheers

MONTH AHEAD

Markets start on a back foot this MONTH, due to structural change with this relentless selling ...This month the S/R ZONE will be 4990-5000 zone with a inner range of 4650-5200...the WEEK ahead could have a 4900 S/R with again a range of 4600-5200 app.With the Dollar strengthening ..most of the Asset classes( gold/crude/equity etc ) have unwinded their positions & may unwind more..Unwind or book your longs in case the S/R's of the week/month are not crossed this month & buy the dips or sudden capitulation days..enjoy the trade cheers.

ROAD AHEAD

Markets selling off near resistance is not a good sign..FIIs selling in deliveryis relentless..Global markets not relenting..all poor signals for investment...4780-4800 is a support zone temporarily for a bounce back..watch 4950 closely in rise..select stocks can be bought for this bounce back ( remember you were advised to keep selling around 5300 and wait for GOOD DIPS to get back in ..so put ur foot in)..enjoy the day and the weekend.. cheers

PULL BACK

As mentioned 2 days back that breach of 4950 will give a quick slide of 100-150 points..markets halted almost there for this global pull back from the oversold position..4950 will be a resistance zone, over which we will have 4990 zone..watch them carefully for further selling to start again to retest bottoms or go lower ..settlement could be volatile trade light..cheers

WEAKNESS GALORE

Markets tend to do accesses both ways is quite true and relevant today..Global weakness is just about hammering the index all over.. 4950 is a watch area below which we can drift to 4850/80 zone..above which we should head again towards 5050 zone..trade accordingly..cheers

THE WEEK AHEAD

Markets just about collapsed last week , structurally changing the Upmove..5100 around should be the S/R zone for the truncated week ahead with a bigger range of 4750- 5450 due to the high volatality...SO WHAT TO EXPECT ????..4950 is the 100 ema and a key area to watch ,close below which can skim the markets of some quick 100-150 points or so ..holding above 4950 can take the market back towards 5080-5120 zone to start with ..Global cues ahead will have its bearing in the coming days/ weeks..try to clear your longs around 5150 once, in case we reach there and weakness sets in again..hope this review helpsall visiting my blog....cheers

MELT DOWN

Markets just melted down due toglobal cues & no cues..4950 is the support zone to watch...wait for markets to stabalise to buy the dip now ..trade carefully cheers.

RANGE EXPANSION

As 5250 could not be sustained yesterday, The range will expand today downwards due to global soft cues..The dips could be used for select stock pickings..Be alert for good opportunities..5150 -70 is the watch area on the down side & rollovers should be watched closely for the next series..Trade accordingly cheers

CONSOLIDATING

Markets are consolidating still looking for clues..5200-5300 is the range right now break out/in will be from this range..The trades of the last few days say that every dip is being bought though FII are sellers in F N O segment..trade light and in direction in the range till we get a distinct break from this range..cheers

RANGE BOUND

Markets are range bound for the time being , as no positive cues are there for upsurge..5250 remains the key zone for trades as of now.Watch 5200-5300 zones for trades ( Trade light)..enjoy the day cheers.

THE WEEK AHEAD

Markets globally are moving in a range due to non availibility of cues to surge ahead.5250 zone again is the S/R for this week with 5150-5350 providing the range..If the Breakout/in comes ,the temporary direction will be set..Trade accordingly enjoy the week ahead..( The best trade is the one which you have booked profits in , rest is just Rainbow of the Mind ) cheers.

POSITIVE TODAY

Markets consolidated the whole day above the 5250 zone and will make a move to retest the top or higher..The range may compress in the coming days before a breakout/down takes place ..Watch the Index closely and trade the direction ..keep booking profits in what you bought on dips....cheers.

RESILIANT INDIAN MARKET

Markets chucked the global bearish undertone specially Asia yesterday to turn from near the support range zone to head back towards the S/R of the week 5250...Move above this zone can take us to test the old tops and higher..Buy only in dips again is paying dividends ..select stocks giving good moves from last few days ..watch them..Trade accordingly.cheers.

SOFT CUES

Markets could not sustain over 5250 despite of good news , unwinded to some profit taking. 5150 is a watch area, below which some weakness can come..Till then the range is still same trade accordingly..cheers.

STILL THERE

Markets are clueless still as to what direction to trade and is distributing/consolidating mode in a narrow range..As we kick off with INFY results today the trigger for either way movement may be provided.The range as of now is 5150-5350..trade accordingly..cheers.

THE WEEK AHEAD

Markets have been moving in the 5200-5300 zone for a while now..Watch 5250 for any weakness..As the range last week was tight the range this week could be 5150-5350, breakout/in to be watched carefully..enjoy the week cheers.

SIDEWAYS

After the move up market is looking for cues to surge ahead..No cues in sight as of now ,maybe the long hrs of trade is is tiring all ..A move is around the corner very soon , it cant stay numb forever..5220-5310 is a range set ..lets see where the break comes at..cheers.

WHATS HAPPENING

Markets just about moved away from the 5000 zone before last settlement...5000 puts of JAN OI got built up from there on( It should provide support in some serious selling)..5200-5400 Options OI build up then onwards..By keeping the market in a range , The option buyers are on the wrong side of the trade as usual as on a daily basis the options will shed the value..A few more days around this zone and someone makes good money in Option Writing..keep booking as we go up..wait for good dips to get in...cheers

RESILIANCE

Markets are showing strenght based on FII inflows..5300-5400 has multi resistances from the past..Keep booking profits as we go up ( mid small cap stocks moving)....5180-5220 should provide supports from here on..enjoy the day cheers.

POSITIVE CUES

Markets after staying over 5200 , will be reaching 5300 & around due to good global cues. The jouney from 4900 zone will be 8 days today. Start booking profits in your positions and wait for dips to get in again, as we will move into resistance zone from here on..enjoy the day cheers.

MONTH AHEAD

Markets ended 2009 on a high note..2010 could turn out to be another cup of tea..So what does january hold for us.5150 looks to be the S/R ZONE with a range of 4850-5450..Markets should be giving some good moves this month..One has to be patiant to identify the trend..enjoy the trades..cheers