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.