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.