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.

PROFIT TAKING

Markets gave the typical jerk it gives to weak hands on expectation of new highs..5230 zone is a support zone and resistance should be there around 5310 now..Markets may just about consolidate for a while here and then see which way it will go..Trade dips..cheers.

52 WEEK HIGH's

Markets all over the globe are at highs & still holding..5280 seems to be a temporary support for the time being below which we can go all the way to 5200 , cross of 5350 can take us all the way to 5420 zone..Be nimble footed ..Trade with strict sl's. enjoy the day cheers

THE WEEK AHEAD

Markets have been consolidating in the 5200-5300 zone which can be expanded to 5350-5150 in the coming week..Any move beyond this will be the breakout/in for the prevailing range..Markets still remain overbought in the DAILY charts so Wait for a sudden dip to get in or play the ranges with strict SL's..enjoy the week & the day..cheers

PATH AHEAD

Markets have consolidated in the 5200 zone for a while to unwind in INTRA charts the overbought situation , thus giving the move up yesterday..The range still is 5200-5300 ,+/- 20 points ... Markets are so resilious that even overbought position in daily is giving no substantial correction..So what should one do????....well ...go long only if we close above 5310 and go short below 5205 with small SL's. for maybe a 100-150 points run..enjoy the day & the weekend.cheers

SETTLEMENT BLUES

Markets globally are sideways to negative ...5200 has been held & 5300 is giving a resistance. Let the settlement pass today as it can have usual wild swings which will be of no use from tomorrow..Do keep in mind that we are at resistance zones and until unless we get some great positive global or domestic cues ,markets may spend time consolidating in a zone before a breakin/breakout comes..enjoy the day..cheers.

VOLATILITY

Markets were ripe for a jerk & it came..with the volatile trading yesterday..We have a holiday tomorrow and the settlement on thursday..As the month has been positive expect a good close to this month.The next 2 days could swing eitherway so be careful in your positions./.5160-5300 should be the range before a breakin/out takes place..enjoy the day & the festival..cheers.

THE WEEK AHEAD

The markets in Asia slumped today and we will follow with a jerk...( had written on friday of this sudden surgical cut)...We were overbought?????The week ahead has a S/R of 5220 with a range of 5050-5400..Markets are overbought and has to unwind to test the lower levels for support any move above 5310..Trade accordingly enjoy the day and the week ahead..cheers

STILL HOLDING

Markets are resiliant on bull side..taking support at crucial levels and not giving up much..Still we are in a resistance zone( 5310 last high) & trade with caution should be the motto..Corrections are part of any run up & it will come one of these days, which could be very surgical & furious..keep 5220 as SL for any longs & keep increasing your TSL every day..enjoy the day..cheers

WHAT NOW ??????

Markets have shown their hand...the breakout is on the bullish side..despite of OB positions of the market...this comes with the huge cash buying by FII's..The whole world markets are partying now and no serious correction in sight..5310 becomes the watch zone now ..markets will consolidate in the support zone of 5150-5180 for any upmove over 5310..that could be a Quick 200-300 points..well be cautious in longs once the supports are broken..otherwise at that zone buy with a small sl for higher levels of at least 5300 around..enjoy the day cheers

RANGE BREAK OUT

Markets took off yesterday from the 5100-5150 range , to reach and close over 5200..So the move is in favour of bulls..The range now should be 5150-5250 for the market & then it will see from there..do book profits in your longs, as profit taking of this is 400 points app. from budget day could come suddenly w/o warning..enjoy the day cheers.

RANGE BOUND

Markets are still range bound BTW 5100-5150 zone..There are no cues for a run away rally..We are in a overbought zone, the rally is now quite old ( its almost 15 days from settlement)..But markets are neither falling or rising...So what to do????? ...Best is to let this period ride itself off..& market to show us its hand.. in the meanwhile ...Happy Navratras.... why keep struggling ...enjoy the day... cheers.