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.