MOVING AHEAD.

Markets are moving ahead despite most markets being shut on different days all over due to new year..3045-3080-3110 is where some reaction can come again, keep booking profits and be light on your profitable portfolio......supports again are at 2990 and deeper down 2950 zone. Happy Trading ..cheers

POSITIVE START

After doing nothing for most part of the day nifty suddenly turned crossedthe previous highs and moved towards it target of 3045.....watch 3080 zone for resistance to this upmove..The range in the coming weeks could expand as 2850-3100 range now is being tested at the top..warm wishes to all...enjoy the day....

YEAR AHEAD FOR US.

Ater closing near 50% levels or december 2007 , markets are poised to make a move in the coming few days as key players move back to their desks after the holidays..The key will be Fresh money injection by smart money if they have the conviction that governments are doing the right things to boost their economies etc..and results not very disappointing..Failure of this can again slide th markets to test lower levels or lows made in october in the coming few weeks..3240 is a very important level to watch...Trade carefully and indirection . WARM WISHES FOR ALL ..RAJAN BHATIA.

A VERY HAPPY PROPSEROUS NEW YEAR FOR ALL..

Markets just about did nothing and kept checking the range and leaving a footprint of app 2950-3000 levels to watch for any breakout..lets enjoy tonite and let the heaviness of 2008 go by..take care..wishing all a very happy prosperous new year ..rajan bhatia.

LAST TRADING DAY

Markets have at least tried to cheer up all by recovering from (MAGIC LEVEL 2860), to move upwards close to 3000.(ASIA IS POSITIVE).which is app. half of where we were on 31st December 2007..The huge price damage and erosion which has taken place in this last 1 yr would surely be a dampner for this NEW YEARS celebration for many . 3020 is a resistance zone , cross of which can take us to 3110-3150 and supports now lie again in 2900-2920 zone.. happy trading ...cheers..

RETESTING TOPS AGAIN

The gains of yesterday got sold into in the morning around 2950 area , taking support at 2900 market traversed back to test 2990 again and closed a tad below it. Nothing much can be derived out of todays trade except that markets have come back to test its strenght, can go higher on short covering , before new year augurs some fresh buying for it to show its hand..over all a whipsaw day for traders caught on the wrong side of the trade..enjoy the day ...cheers.

CAREFUL UPMOVE

markets held the 2860 zone again , moved up ..this could be a rally in the downtrend..watch it carefully..2950 then 2990 is a area to watch again..a few closes over 2990 will reverse this down move .. trade light and in direction and let the holidays go by for some serious trading /investments calls to start..cheers..

SURPRISE SURPRISE

What can one say, the classic WHIPSAW..saw NIFTY taking support at the levels given by me in the morning and before------ turned, moved up , stalled a bit at 2880 and surged ahead to close at the top of the day at 2930 a resistance area., making shorts cover. The participation is light due to holidays ahead and serious trading will get underway only next week. Trade light and in the direction...Cheers.

WEAK GLOBAL CUES

Going into the NEW YEAR , markets are on a back foot right now , volumes are light and no major swings are expected..2880 emerges a region to watch over which is 2920 area..and supports at 2820-30 zone.. trade light and in the direction so as not to be whipsawed..happy trading Cheers.

MONTHLY CHART & NEXT YEAR

Many friends visiting the blog had been asking about the road ahead ,next year ..Well friends the NEW YEAR is just a few days away and we all hope that the worst could or would be over and behind us in 2008. Its been a real horror of a year specially jan/oct months..I am posting a MONTHLY CHART with SPEED LINES extending from the top 6357 to the bottom 2252..The chart and the speed lines are self explanatory & very clear.Please use your judgement for your trading and investment calls from hereon, rather than just blindly following FREE CALLS /ADVISE being bombarded by so many experts on WEB SITES and TV CHANNELS.. (its ur hard earned money & they are never responsible for your losses..many learnt it this year the very hard way..)...The best way forward will be to take a new year resolution of at least making a attempt of LEARNING TECHNICALS.. take care ..........CHEERS.

WEEK AHEAD

Looks like markets made a temporay top and profit taking set in immedietly due to lack of buying conviction and holiday season ahead..War noises over the weekend also dampened the market sentiments...and it kept drifting down towards 2860 supports again..it can take support here or a little down..watch 2950...... CLOSELY FOR NEXT WEEK..range is 2800-3050..trade in the direction, .trapped bulls will liquidate in rises..cheers

TESTING SUPPORTS

Markets just stalled at 2950 zone after making a brisk start , all we heard the whole day was war cries/news/rumours..so much noise created today....the result was nifty quietly slipped to 2900 and 2850 levels before any one could know..so what next?????..Weakness is there for test of 2830 area below which it may be a straight run down to 2750-2700 now.Lets see how the weekend traverses over the borders for us to make a move next week..enjoy the weekend cheers..

WEEKEND TRADING

It could be lackluster trading today or the next few days as most large participants maybe holidaying..2930-2900-2880 should be a support zone for a test again of 2990-3020 area..watch 2950 area closely for some clue to trade today..Trade light so as not to be caught on the wrong side in any  sudden move in the next few days.happy Trading ..cheers.

WEAK SETTELMENT

As written before markets just buckled day before trapping all who were bullish for this settelment ...and continued the slide today also towards 2900-2880..1st shorts took a SL then longs.. It just managed to close a little above last weeks low , but after breaching it ,,,it was a NO NOTHING DAY , where it traded with in a small range ( triggering SL s & making money for brokers). WHAT NEXT..lets see over the christmas holiday into techs & charts to see how to move forward..Happy Christmas to all friends visiting my blog and have a nice weekend with your family and friends..cheers..

MORE WEAKNESS

Asia seems to be drifting down and so can we..no heavy unloading so far, supports lie at 2930-20 zone and below at 2880..watch 2990 again , cross of which can take us to 3030-3040 zone..only above that can we head for 3100 or above..Let the settlement and the holiday go through, trade light and in direction(On a lighter note MARKETS wont run away anywhere..)..happy trading ..cheers.