NO NOTHING DAY

markets as discussed in morning is in the zone of NO-NOTHING DAY..brokers paradise..The zone of 2700 again held up..and it never tested 2650 or lower levels..cautious closing going in RIL results..range narrowing now to 2750-2650 maybe..lets roll over the result tonite and the long weekend..enjoy the day ..Cheers..

CONFUSING SIGNALS.

markets last few days/week has been just giving confusing signals everyday, thereby whipsawing both ways(had warned about this phase to all abt. a week back), this always happens when markets are not sure and both BEARS/BULLS are edgy and like to cover their profits..2700 zone is still offering respite to bulls where they will try to pull back, but lack of buying makes them slip again & again..So brace urself for NO-NOTHING directionless few more days ahead.keep ur trades very light and be nimble footed....Options should be played only with very strict stop losses..happy trading ..cheers.

WEAK DAY

Markets opened weak and after a few attempts seems to give up completely in late trade to retest recent lows, it can go lower from here if it quickly does not recover over 2700 and move up..2650 will be a area to watch below 2700 for some support, resistance now is at 2760-80 zone. buying was lacking completely in trade today..trade carefully the next few days..cheers..

THUMBS DOWN IN US.

US markets gave a thumbs down to Mr Obama start of Presidency..the event is over and gives freedom to markets to move on from here..There is no great/vicious melt down so far like october'08..the range still is 2700-2800-2900, Traders are trading this range on both sides..it has to be taken out either way soon and that move could be fast furious..be careful and play your positions with very strict stoplosses..donot average your loss making deals specially in nifty options..cheers..

WEAK DAY

Markets opened weak(BOOKED OUR PUTS IN GOOD PROFIT), and just about stayed at those levels with a very narrow intraday range..Its becoming difficult for intraday traders to take calls and markets do nothing for most part of the day and then suddenly takes a whipsaw..Lets see what Mr Obama offers the world tonite & then we get back to the serious business of stock markets..range still is 2700-2900 till it is breached on either side..Cheers

WEAK CUES

Markets yesterday were doing nothing , moving in a tight range and were a tad overbought..Our decision to get into (PUTS IN LATE TRADE will pay DIVIDENDS in the OPENING today itself)..2760-and deeper down 2700-20 range should provide some support ..Resistance again is in the 2860-80 zone over which 2950 appears to be a good supply zone. Had advocated caution to small invetsors /traders of this whipsaws a few days back ?????keeping booking profits either way.. ....cheers..

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..