SIDEWAYS AHEAD

Markets may just about be in a sideways mode to maybe retest some lows again..Range should be 4390-4510 decesive breakout eitherway could give us a 100-150 points quick move( A big move is due and it should come soon..)..trade accordingly...cheers..

SHORTS WERE OVERDONE

Despite of huge calls last evening/night & today morning of impeding sellout ..Markets once again just did the opposite , in the process giving a huge whack to short sellers....Again i feel too much noise is created for nothing....I wonder many times that do these guys really trade..????? ..(had tried to point out in the morning post today to keep emotions out of trading room & then trade ) what happens tomorrow who knows... but markets clearly gave the upwards path right from the start today , & that should be good enough for any trader worth his salt to make money..rather than do the opposite due to the NOISE..thnk abt it ..Anyhow todays retracement must have helped a lot of trapped bulls unwind their positions..4509 again emerges as a resistance zone..4390 as a support zone.. listen only to market music my friends....enjoy the day ..cheers..

MARKETS AHEAD

Markets globally are still soft..Is this the start of the long awaited correction, well the days ahead only can tell..In case this is the start of the correction the final supports are way down and there is no point discussing them as they will arrive in time only..As of now the temporary support levels are near & a bounce back can be expected....Where to we retract to will define the path ahead for the markets..Be patiant dont get carried away as markets tend to whack/punish the exuberants..Trade with care in the coming days by leaving your heart out of the trading room...enjoy the day cheers..

GLOBAL SELL OUT

Markets just about performed on the global cues..Gapping down and then Selling off every rise to close at the lowest point or near the lows of last week..( Break of last weeks gap up pole ,, warned of weak trading day ahead..)This is global shakeout from overbought positions..4400 is the key level to watch now , below this we can drop to or below 4300..cross can take us to 4480-4500 zone..trade accordingly....cheers

WEEK AHEAD

Markets globally are very soft and selling out..4520 is S/R area for the week..the range could be 4420-4620 for the coming weak , break of which will tell us the short term direction..( hope people took the profits at tops as advised..)Trade according..cheers.

CONSOLDATION DAY

Markets just abt. did nothing and consolidated the whole day..At every low ppl. stuck in shorts kept covering making the markets go up....nothing much to add here today beside the range still is 4550-4650..lets see which side we breakout next week..enjoy the weekend cheers..

WHAT NEXT

Markets open for the weekend trade after having moved up from 4360 with strenght..some profit booking is in order ..the range now has moved to 4550- 4650..lets see which side the breakout takes place..enjoy the day..cheers.

KNOCKOUT DAY

Bulls just about knocked the wind out of Bears today..Pity guys who are trapped in shorts down below as we are just climbing up the whole today ..So the range 4400-4500 now has broken 100 points on the upper side..i will prefer Caution ahead as we may be heading towards key resistance zones soon..enjoy the day.wishing all of you a very happy janashtami ...cheers..

GREEN GLOBALLY

SGX nifty is in line with global cues and we may move towards weekly S/R of 4560..Yesterdays sudden dip looks to be a classic trap for BABY BEARS..from where the markets just ran away..We broke the 4400-4500 range by app. 50 points downwards, now we could do 50 points up..Try to book your deliveries /longs as we climb up..enjoy the day ..cheers

SWINGING DAY

Markets just about went into a swinging - jerking mode and shook all weak hands..( Non technical players could have had stoplosses on both sides)Great gains day today for INTRADAY CHARTISTS and TECHNICAL PLAYERS....Range still remains 4400-4500 (+/-) 50 points as of now..enjoy the day..cheers.

WEAKNESS ALL AROUND

Global cues are weak, we may again retest the recent bottoms..and if held can be range bound in app. 4400 -4500 zone. We can drift downwards in case these supports are not held..( range given in previous posts)..Trade with care and with strict stop losses...cheers.

SPOT ON AGAIN

Markets just about took support at key support levels ( 4400) in morning ,& moved up to the 4510 resistance area to sell off again , making a higher low in the process in INTRADAY charts,,, The range now is 4400 -4510...break either way will be 80-100 points ....Very good day for swing trading again today..enjoy the day..cheers

SOFT CUES ALL AROUND

Markets just about halted yesterday at key support levels, Institutional selling still there..In absence of global support , Markets can just about keep trailing down what with fears of Moonsoon debacle etc also being there ..4510 again emerges as a resistance point ..4300-4320 zone should provide ample support in case we drift down...enjoy the day ..cheers

SPOT ON

Hope all enjoyed the Levels /Range given by me in the morning..4560 S/R & 4390 minimum support..( Markets just about gapped up there & and stopped at support at end of trade)Today was a good day for swing and technical traders in case your were trading the directions..Markets are a bit oversold in intraday charts, so be careful of shorts for tomorrows trade..enjoy the day... cheers.

WEEK AHEAD

Markets globally again are in positive mode, we were Tad Oversold and will also gap up as SGX NIFTY suggests..4560 is S/R area for the coming week with 4390 to 4650 (+/- 100 points) , as a minimum trading area.. Be careful in the coming days as now the weekly/ monthly charts are also in overbought zone and more unwinding can be there at every rise....enjoy the day ..cheers