CONSOLIDATION

Markets may not be doing much...Option seller smiling as Daily OI is being shed of options..4950-5050 could be this holiday range..trade accordingly..cheers.

BOUNCE TODAY

Markets did give the much needed bounce but was stuck in the 4990-5000 zone the whole day..Holiday mood seems to be the reason for lack lustre trades..so wait for dips to buy and sell on rise..4930-5010 could be a range to watch..cheers.

POSITIVE CUES

Markets will bounce back from its oversold positions due to global cues..4980-5000 to be watched for today for resisitance. Trade light and in directions , watch 4930 in close if you are long..enjoy the day cheers.

PROFIT TAKING

Markets are still in profit taking mode as there seems to be no support coming for buying..Markets just drifted after remaining positive for sometime towards the support of 4930 area..Breach below that could cause some serious unwinding in longs..Watch that area and dont be a in a hurry to buy if this breaks ..Bounce back will face resistance at 4990-5010 zone..enjoy the day cheers.

WEEK AHEAD

Markets today are flat, waiting for cues to move ahead..5050 appears to be the S/R of this week with a range of 4850-5250..The levels to trade have been written last week too in this blog trade that..Please note that this is a truncated with a holiday on 25th for Christmas.enjoy the day cheers.

TRADING MARKET

Market moved both ways today, showing its weakness at 5050 zone ( making lower highs )and tripped below 5000 levels to test waters ..Moment we broke 5120 this week 5000-4980 was a target as I had been writing ..do we dip to 4930 & below or we try for bounce..will look over the weekend for the cues..till then enjoy the weekend & do send me the mail with your email id ..enjoy the day cheers.

WEEKEND BLUES

Asian Markets are soft all over due to Europe/US woes and sell out..5000 around is the key zone to watch as Markets have been taking support here..Generally around the weekend , markets do make a move ..Trade carefully and with the trend ..enjoy the day cheers.

DAY TRADING

As mentined in the morning markets will consolidate to seek the direction moving both ways when uncertainity is there..( Thus it made a INSIDE DAY )Day trading was the call today and it worked both ways for technical traders..Good profits for swing traders..we are in 5000-5080 zone..lets see which side breaks first..enjoy the day cheers.

CONSOLIDATION

Markets will like to spend time to consolidate here or at lower levels to look for the next move. Considerable OI build up came up yesterday in 5100-5200 calls so thats the immediete resistance and shedding took place in 4900-5000 puts so a slip below 5000 is also possible till 4930-50 zone..Be patiant wait for markets to consolidate to commit resources, better still be a day trader for a few days ..enjoy the day cheers.

BOUNCE BACK

Markets took support where they should have at 5000-4990 zone and gave a bounce back..If global cues are positive tonite from US etc then we may rush up on open tomorrow..The range 5000-5200 has worked well again..Good day for long side trades ..watch 5080-5100 closely , only cross & close above this takes us up again..Hope ppl. visiting are enjoying the technicals and trading tips that I give here on daily basis..enjoy the day ..cheers.

PS: I would request all who are visiting my blog regularly to kindly send me a mail about the same at bhrajan@gmail.com. There could be some changes from 1st january 2010 in the blog setup and technical levels , commentary..

SOFT CUES

Markets all over are soft to negative..our supports lie in zone of 5000 & deeper down at 4930...Now we are at the bottom of the range of 5000-5200..Markets can halt and bounce a bit from the support zones..Trade accordingly..(Buy in DIP- Sell on RISE Works again)..Patiance pays..along with technical knowledge..enjoy the day cheers.

PS: Its been my belief that ppl. who make maximum noise in forums & chat rooms trade the least and lack confidence..they should spend the time learning & trading.

THE JERK

Markets finally gave the push..on the downside on break of 5080...The OI was suggesting resistance at 5200.... as maximum OI of 5200 calls was there and growing today on breach of 5100 that call OI also increased.. Suports lie around 4980 around and 5080 will give resistance on the bounce back..cheers.

DOING NOTHING

Markets are just about doing nothing...maybe calm before a storm..range working out is 5080-5170..something has to happen , which side...???????..enjoy the day cheers

VOLATILE DAYS

Indian Markets again are in their own world..While the Asian cues were weak we moved up and when Europe opened positive we went down..The strong hands are just about jerking weak hands triggling SL's..The range is compressing now 5180-5080 , something has to give up soon..Its becoming easiar to buy bottom / sell top..Something has to snap for a bigger move..Watch the area closely and trade accordingly..cheers.

WEEK AHEAD

Markets have been trying to cross & move ahead the last highs of this year..and fail each time..A triple top is in place..This weeks S/R is 5120 with a range of 4980-5260..Trading will get tougher in times ahead if the INTRADAY RANGE starts squeezing due to lack of cues or approaching year end etc etc ..Trade small and wait for a good breakout/breakdown to plan your trades..enjoy the day cheers.