INTERESTING WEEK AHEAD

Nifty has been giving very good positional/intraday moves from the last 2 weeks.People following the direction will be in good profits.Despite of negative sentiments/ bad news , the markets are simply not selling out..Can they SELL OUT???????? Why BREAK YOUR HEAD ON THIS..Simple thumbrule , just follow the trend & be patiant enough to see the moves coming.. Next week 2880-90 emerges as the S/R.....The range could be 3050-2750 break over/below that would give quick 200 points..ENJOY THE WEEKEND ..CHEERS.

CLASSIC REVERSALS DAY

Nifty followed the world markets , crashed in opening , took support at 2800-2820 zone , moved back over 2860 and rushed to close at 2921 and is poised to move towards 2950 zone.., if it sustains over this level we may be proceeding to the next level of 2990-3020, Strong support now lies at 2860 levels..break of which only will augur any weakness.Hope people following my blog enjoyed the levels being given..enjoy the profits and the weekend ..Cheers.

PROFIT TAKING OR WEAKNESS.

Markets in US & Asia are soft today , due to profit taking or weakness & bad financial data.. Posting profits in longs was a good stratergy & now wait for a good dip to reenter will give rewards.. 2880-60 zone again will provide some support and break of this will take us all the way to 2820-2800 zone. Resistance over 2945 will be 2990-3020.Do not rush into trading positions , trade light and in directionas it is weekend time , the bias for today looks down..cheers.

SUPPORT HELD

Nifty held on to its level of 2860 below 2900 and we closed for the second day over that level.RIL again came to the support and in late trade made impressive move.We have completed 7 days of positive trade and people who are short must be having a harrowing time seeing the market run up so fast and the falls so shallow..the range now is 2860-2940 app. Any break out will take markets 60-80 points quickly in that direction..Trade light and with caution...Cheers.

CAUTION AHEAD

Our markets have made a smart move from the 2600 levels , now will have to consolidate the gains over time to surge ahead. The lows of october have not been breached now for over SIX weeks.Watch 2890-2900 for any weakness for today , support will lie at 2825 deeper down and resistance in positive mood should be in zone of 2990-3020 again. Keep booking your longs and wait for buy in dip for longs..Cheers.

SMART MOVE

Markets did what its was expected to do, catch the shorters on the wrong side of the trade from 2570 levels , squeezed all the steam out of them today and moved up crossing the resistance point of 2850-60 levels to close at 2928..The rally was helped by the BIG BOY, RELIANCE leading from the front, almost all segments participated in the rally . so what next ?????..lets see some charts tonite to see whats in store in the short term.. As of now 2630-40 will now be long term support for longs..take care ..Cheers.

THANK YOU ALL

Would like to thank all for you for the overwhelming responce towards our new service which we planning to start. We will send details in the next day or so as we were away for a family wedding.Coming back to markets,it halted again at the resistance level of 2850-60 on monday, before some profit booking set in , this level may be tested again today. Its important to cross this level soon failing which we will again drift down to 2640 zone..in case we fail to cross 2861 and stay over it..Trade light after opening and see how the market unwinds itself before commiting to any directional trade...Cheers.

NEW SERVICE

Dear Friends,
We are planning to start our personalised service of giving POSITIONAL & INTRADAY CALLS for NIFTY FUTURES /OPTIONS very soon. All those friends who are interested in this service and those who have been enquiring over the last few months about this service can send us a E-mail immedietly to the following email addresses:
rjn_bht@yahoo.co.in
bhrajan@gmail.com
Thanks and warm wishes , we will be looking forward to hearing from you.
Reply with details about the service will be sent to all on recipt of your enquiry.
Rajan Bhatia
PS: CAVEAT is that this blog will always remain free and as before markets technicals / charts will be posted daily for all to follow.

GOING LIGHT

Market after opening in positive gave up all gains to be light , going into the weekend event..Seems participants did not want to take a chance and lightened up their positions.We again went into the resistance zone at 2830 slipped to take support at 2690 zone..Market has been doing nothing and has to break out in some direction. Lets cross our fingers and see which direction it is...cheers.

WHATS IN STORE

Markets quickly moved to the upper end of the band after the break out and again came close to the strong resistance zone of 2850...There are no great cues coming from overseas markets , so maybe the participants again may not press buying calls resulting in weakness over next day or so with range bound trading ,then deciding the move.It will be prudent to book profits in longs and trade light and in the direction. Supports today are at 2750-2690 with strong support 2630 & resistance at 2830-60 and a little higher at 2920. Trade accordingly ..CHEERS.

WHAT A RALLY

Markets after doing nothing for most part of the morning suddenly started moving upwards broke through the 2690 zone went to 2720 , came back to test 2690 again and zoomed up towards 2750 and 2800 area. Many experts talking of the breakdown of the markets would have been caught on the wrong side of the trade..even with lighter volumes people following my blog would have been on the right side of the break out. as the range was clear 2570-2690...The move was big and we are overbought now ..enjoy the day ..cheers.

IN A FLUX

Markets are in a state of flux whereas they are doing much nothing..There seems to be a stimulus package coming in the next few days , and results season will finally be the cue to the break out of the direction. The range still remains within 2570-2690 as of now..Trade lighter and in direction only for compulsive traders. Avoid large positions or averaging loosing positions.Markets have to resume there UPWARD JOURNEY SOON in the next few days , FAILING WHICH WE ARE FACING INTO THE BARREL ONCE AGAIN. Happy trading ..CHEERS..

MARKET UPDATE

Due to some pressing work could not update in morning but have given the range yesterday evening only..Markets took resistance at 2690 zone again and could not cross it the whole day. Even the sell orders were getting covered very fast.. again today we have managed to close over 2630-40 zone.Pls. note now this is becoming a very important zone and any weakness or close below this can invite long unwinding..Lets see how other markets trade tonite..have a nice day..cheers.

RESILIANT MARKETS

Markets just reacted to the world markets in the opening, fell hard , took support around 2574 area i wrote in the morning ..surprised all ( into shorts ) & charted their own course thereon after consolidation for some time and tried to reach yesterdays close..Now what is market telling us?????? ..right now it closed squarely over the strong support of 2630-40 zone..again we have to watch this area for any weakness and look back to 2690-2750-2832 now for any resistances. trade with the trend ...cheers..

RESISTANCE FALL

Right from the word go yesterday market failed to cross 2850, slipped hard in late trade and will sell off today as the whole world indexes are bleeding. All Supports will vanish today..watch 2574 & again 2524 , though the sellout says maybe this support maynot hold this time and we may go all the way down to 2300 & below if we break and close below 2500 anytime in the next few days. As advised be careful of entering longs in a hurry, let the volitality settle, remember there is no bottom for a falling market.....Cheers.