NO NOTHING DAY TODAY

Markets just about were stuck in a range for the whole day pleasing to deceive again and again..Volumes were low and maybe everyone was looking at (Mr obamas speech tomorrow night) for some cues..today 2860 zone was attempted again, over which the supply zone is 2900-2930.. supports now deep at 2700-2720 zone..lets see some reaction should come to this move up..enjoy the day ..cheers.

POSITIVE CUES.

The Friday positive move may have a small followup move today, watch 2850-60 again closely for the cues. Markets seems to be searching within itself to look at how to move forward as FII's still are selling into all rallies..The next few days (Mr Obamas swearing etc ) finishes all events for the markets to unravel whats in its mind..Play small/safe, dont get carried away on either side..cheers..

NEXT WEEK

Due to a tragedy in the family , could not post the market roundoff yesterday evening , Hope all friends bear with us. this gap in posting.....
markets rallied right from the word go as 2700 was held day before...right upto 2839..So whats happening , why the sudden reversal.. This is the huge volitality swings which come when markets are at crossroads and both the participants ie BULLS/BEARS start getting nervous of their positions and reverse fast, leaving smaller players or ppl. with very firm opinions w/o support of technicals hanging in the air with their views..and this happens on both sides..giving losses..( had asked small investors/traders to stay away for a few days due to this only..)as markets will dance now to the tunes in range of oversold/overbought with such 100 point daily rallies..watch 2790 closely next week, the range now is 2700-2860..breakeitherway can give some fast furious move..happy trading cheers..
PS: would like to give special thanks to all the guys who have been discussing us in various forums/chat rooms..keep it up GUYS ,its helping us & giving us free publicity for our blog & services...CHEERS AGAIN..

ROLLER COASTER AGAIN

Markets are back to their roller coaster mode, which means all may not be well beneath all the facade..watch the lows (2700 zone) very carefully , break of which can trigger a fast free fall.. as markets are positive all over , we will trade higher today but watch 2820 again and trade light for a few days or maybe weeks so as not to be caught in a sudden volatile state of the market in either direction.....cheers.

SO WHATS THE TAKE NOW.......

Huge weakness all over the globe today before market open still it did not break the threshold support of bulls of 2700..markets resiliance is seen from the way some index stalwarts held their ground today, and bears were getting nervous time and again..its been now 7 days of fall from the top..As this levels seems to hold we may make a run again for 2820 zone or above ..enjoy the day..cheers..

WEAK AGAIN

It seems markets pleased to deceive..short covering was fast furious as usual..As mentioned in market roundoff yesterday evening we can go either way, all the way down or lower or higher too (we closed all longs at close yesterday). So what next??????? GAP DOWN, sure SGX nifty trading low , lets watch 2700 closely break of which has supports around 2680 zone ..2750 will be a future S/R zone..and 2830 as a resistance zone for any move up..small traders/investors can stay away for a day or so to let markets seek its logical bottom ..before entering any longs in stocks or otherwise...cheers.

SHORTS CAUGHT

Market was ripe to catch the shorters, and it did despite all bearish calls , markets opened strong and kept trading up..reaching almost the target of 2850 zone..it closed at the top , lets see where it ends up in the next day or so..maybe goes down to retest bottoms or lower or moves up smartly surprising all..will look into technicals later and post tomorrow..enjoy the day....cheers...

WHAT NEXT NOW

Markets tested 2700 zone last 2 days ,failed to break that , so if we are not breaking that level we will head towards 2800-10 ,cross of which will take us to 2860-80 zone. It looks like a positive open to close is in offing today after the SATYAM fiasco day..(well we were quite overbought then & ripe to fall str8 down..)..trade the trend..cheers..

VOLATILE DAY

markets kept hitting the selling button time and again (even in late trade , to recover fast,,,seems bears are a bit nervous to carry shorts beyond 2700-2730 zone )..care still is advocated in shorts as reversals can be fast furiuos..can it fall more???? who knows....after todays one feels tomorrow we could easily be at 2650 or 2850 ........lets enjoy LOHRI and leave all this volatality behind. for the evening .....HAPPY LOHRI...rajan bhatia..

RESULTS SEASON

Starting today markets will start reacting to results..(well they already have reacted )..2700 around zone now emerges as a support area for this slide and deeper down at 2650-70 area ..& 2810-20 area it has to cross to make a move up towards 2880-2930....trade carefully as we have already soldout a lot..CHEERS..

REACTING MARKETS

Markets just about started at the levels we gave of 2865(watch area), reacted and went slowly all the way to 2750 zone , even good IIP data did not help..and it closed almost at the low of the day..Markets are overstreched now on the lower side, waiting for the results season to start..A bounce can be expected on global cues from these area..trade carefully on the short side..cheers..

WEEKLY TECHNICALS.

Markets are soft and have to find their path in the coming days ..as its a tad oversold and 2800 somehow is being held, a rise up cannot be ruled out from here or lower levels(watch 2865 ,NS closely)..weekly range seems to be 2750-2940-3070..watch this range for trade ..cheers..

HOW TO TRADE AHEAD

Many friends visiting here have been asking me for my views on the path ahead..(also for CHRIS & all FRIENDS from MJ)..The above chart is self explanatory, I have posted the fibbo speedlines/channels etc ...Area to watch will be 2800 zone ,break and close below it. takes us to 2500 around...Below 2500 is free fall.. above 3240,we can go all the way to 3500.....enjoy the weekend..cheers..

PS: You can always join us in our paid service for intrday/positional calls of niftyfuture/niftyoptions/select stocks .

WEEKEND ROUNDOFF

Markets just about opened at levels mentioned in morning , traded the whole day in the range , giving us a good trading range for the day...2810-2930 app......where is it headed now ???????????..lets see into the charts /technicals over the weekend for the same ....enjoy the weekend..cheers..
PS: Do keep visiting for the free technicals that we post twice a day for you all..

WEEKEND TRADE

Markets on WEDNESDAY covered huge distance from the top keeping THURSDAY holiday in mind,supports are near and today trade should be flat to negative start with lower volumes & maybe narrow range due to weekend factor..2860-2813 deeper down and 2950-2990 above should become the range of trade now ..happy trading..cheers..