TRADERS PARADISE

I have been mentioning last few days as to how this market has become Traders Paradise..One of the CHARTS we use daily to give our intraday calls is enclosed above , and does not need any explanations( Many parameters along with change of colours if you notice for buy/sell calls of nifty futures & options , for our clients) as anyone can see the markets turns...As the swings are big the movements are also big intraday...Hope this helps all understand the technicals of intraday trading..

Coming to our markets , well again the range trading started , it retested the lows , turned and moved back to retest highs( maybe some more juice left as per the chart above)..Right now markets are doing 4450-4590 zone..Break can rush markets 130-150 points of this range ..enjoy the day ..cheers..

CONSOLIDATING

Markets are soft all over , will keep testing their strenght & wait for fresh buying for any move up..we maybe in now for some smaller range bound trading , till one of the range levels is breached on either side..range is. 4480-4580, Technical traders, specially nifty traders are getting ample opportunities daily to trade the huge intraday movement range..enjoy the profits till this consolidation lasts....cheers..

TESTING STRENGTH

Markets are just about testing their strenght to see whether it should move up or just about unwind..Distribution seems to be the order , sectoral rotation is on..What Next???? nothing much..The range is 4480-4580..It will break either way surely soon ..till then buy low/sell high..enjoy the day...cheers..

RANGE BOUND AHEAD

Markets from here on maybe be on a consolidating mode broadly between 4500-4600, to decide on the next move..liquidity is pumping all markets ahead though valutions is worrying all the Market gurus..All seem to be riding the momentum till next key resistance and then moving ahead again despite valuations now having no meaning vis a vis earnings ...Thats the Markets for us my friends....( Same we heard around NOV-JAN 2008 before all hell broke loose)..Trade with care..enjoy the day cheers..

VOLATILE DAYS

Profit taking set in right from the word go..nice intraday correction which almost did the range I in wrote in the morning..4586-4551, nice trading zone we got of sell high /buy low, helped mainly by the technicals and the charts..Watch to trade cautiously around this zone of 4530-4600 ...some sideways consolidation and strenght test may be in offing here....enjoy the day cheers..

MOMENTUN DRIVEN MARKETS

Despite markets running on huge steam, caution should be taken at least by small/retail investers as the JERK could be sudden and severe.Keep trading but do protect yourself by playing intraday & with very strict stoploss.. Area to watch will be 4600-4620 zone , supports are deeper down at 4450-4350..Enjoy the day..cheers..

POSITIVE DAY

Markets gave the 3rd gap up, traded below the pole the whole day & finally ran up in the last hr. to close near the morning highs..4620 could be a tentative target over 4560 ..Weakness below 4510.. Most traders & Intraday players are just chasing the momentum , as no one knows when & where this party will end..follow the techs .. and trade with strict SL....cheers..

MONTH AHEAD

Markets moving up every week from March onwards ...JUNE MONTH's S/R is 4200 with a range of 4100-4600 in smaller frame and app. 4800-3800( or a little more broader range) in a larger frame.Weekly techs suggest a range of 4200 -4600, As i mentioned in my note yesterday , this week will be a very interesting week to watch moving forward( watch DOW 8600 levels closely for cues...) enjoy the trade ,but keep strict SL's. cheers

FIBONACCI SEQUENCE-FOOD FOR THOUGHT.

A very interesting FIBONACCI SEQUENCE is emerging now..
1. We are completing 3 months of this rally from March low in next few days.
2. We will complete 13th week from March low next week.
3. We complete 55 days from March low in next few days.
HUGE FOOD FOR THOUGHT FOR GUYS FOLLOWING THE TIME CYCLE ANALYSIS..
enjoy the weekend..cheers

RANGE COMPLETED

Markets just about completed the range of trading as i wrote 4100-4500..Good buying support came today also and OUR MARKETS ROCKED TODAY AGAIN....( thats why was suggesting to friends visiting here to be with technicals )So what next..Next week is going to be very interesting , lets see if we cross the last citadel or not...Its been a long haul and we complete THREE MONTHS of a amazing ride, which broght back smiles to all participants who were stuck in stocks etc..The party has to end one of these days so pls. wait for very good dips now to get in again or play intraday with strict sls. enjoy the weekend..cheers

RANGE AHEAD

Series of MAY closed on a very BULLISH note.. Most Experts in 1st week MARCH would have not even dreamt in their wildest dreams that we will close over 4300, 2 months hence..(some had projected sub 2k levels & to wait for lows few weeks ahead ..well markets had their own agenda..)GLOOM DOOM was the call of the day then..So what now????????..Anyhow coming to our markets ,In the last 2 weeks we set a range of 4100-4500 now , break either way could take it app.. 200 points eitherway...Trade using ur skills & applying ur mind not your heart from here on ...enjoy the day & the weekend..cheers

RANGE BOUND

Markets are now moving in the range of 4220-4370...Breach any side will take it abt. 200 points either way.The markets are giving good trades to both BULLS & BEARS last FEW DAYS..as it has been range bound..Care should be taken when a breakout occurs..cheers.

SETTLEMENT DAY

Markets are a tad weak again due to global cues. DOW has failed to cross 8600 levels in this 2nd attempt also..any further selling in US markets will augur reversals as financials & other fundamentals again are suspect after all these months of huge pumping of funds..Coming to our markets the range for trade is 4250-4300 for the day , with a 30-50 points quick surge either way.. trade with care today , in the direction and with strict stop losses.enjoy the day ..cheers.

SPECTACULAR DAY

Markets just about touched the levels as given in the morning..OPENED @ 4117, consolidated around 4200-4220 zone before making a move right upto the gates of the 4280-4310 zone..Hope the technicals being posted by me , are helping friends visiting my blog. Markets have to close over 4325 levels for any upmove in near future..enjoy the day ..cheers.
PS: Technicals working very well in this volatile markets , any friends wanting to join our service can chat or write to me..

POSITIVE AGAIN

Markets globally are positive and SGX NIFTY is suggesting a gap up opening..Markets tested the near supports 4080-90 ( good supports lie in 3995-4020 zone) & will move back to retest the tops before resuming its journey back..area to watch is 4210 closely over which 4280-4310 zone..Failure to cross any of these zone could invite further liquidation by smart money..Volitality can be there due to settlement, non technicas players should be light in trades and with strict SL's..enjoy the day... cheers