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