CAUTIOUS AHEAD

Markets just about held on to the 2600 levels yesterday too , any breach can take it 50 points quickly down ..range now is 2600-2700 (+/-) 50 points. Asia is not very encouraging right now , however still a bounce can be expected around these areas..trade light and in the direction..cheers.

2600 LEVELS HELD

Despite Asia being in positive & Europe also opening in green our markets just about were so very sluggish the whole day , riding up in spurts on bouts of short covering . As i had mentioned in morning markets are a TAD oversold and due for a bounce , slower indicators may be turning for a upward move in intraday charts ..Be nimble footed/ light and trade with strict stop loss in the coming days....enjoy the day.

SUPPORT ZONE

We may be approaching a small support zone around 2600-2550, where after days of weakness markets may take a breather and can give a small bounce back..Most markets are in oversold mode right now and some reversals should be expected..2550-2750 could be a temporary range..select stocks can be traded on intraday basis in the next few days..enjoy the day cheers..

DEAR VOLATILITY

HELLO, we were really missing you.. and here you come..everyone around was cribbing about the boring small range market & you quietly came in , expanding the range which i had mentioned a few days back..Now what????get ready for RANGE EXPANSION and WILD SWINGS, which definitely is a paradise for nimble traders but a nightmare for small FNO or investors. markets managed to keep its head over 2600 NS levels closing below 2660 for the 1st time signalling weakness....lets see where it takes support for the pull back as we have moved into oversold zone ..cheers

US /ASIA DIFFERENT STROKES

Seems US is unfolding all the problems in its belly by the way of daily melt down in the markets there..Are we in Asia trying to say we are different..At least i am thoroughly confused also now as where- what we should believe or hear about..This extreme chest beating daily of testing lower/lower levels by our markets is somehow taking a toll on the participants as volumes somehow seem to be falling daily..SO WHAT SHOULD ONE DO..maybe wait out this period, or do some select stock buying and be prepared to buy the same small qty at lower levels..FNO play I would recommend to be done only INTRADAY..technicals /charts are giving divergences too..coming to our markets ..the range today could be 2635- 2660-2730 NS...enjoy the day ..cheers..

WEAKNESS ALL AROUND

Markets just about crumbled all around Asia and then in Europe, giving us a weak close too. It just teased the the old low of 2661, closing a tad above that..opening and closing time put pressure on the markets to sell out..Markets are at crossroads, any further push and it can head straight down towards 2550 levels if global cues do not help..and if it takes supports here can just about move back and retest 2750-80 maybe again..gap ups/ downs not helping traders at all..trade with care in the coming days..cheers..

VOLATILE MARCH

March series/month seems to start with volatility/sudden ups/downs as triggers to move up are just lacking now & all stimulus failing, time & again.2800 will be the watch area for march month. A pretty gloomy picture today morning with Asia in deep red( good we cleared all longs on the weekend).The range may expand this week ,be careful in longs as supports are being pressed.2600-2850 seems to be the weekly range as of now..will advise trades...DONT RUSH to go long ..happy trading..cheers..

VOLITALITY GALORE

In the Morning update VOLATILITY   was mentioned by me ,  well it was there in plenty , Volatility shows nervousness in the positions which  traders are carrying & quick reversals and stop loss triggers, makes markets move in wild swings..Maybe in coming days this is more pronounced..Trade with care in the coming days & with strict stop losses...enjoy the wekend..cheers.

MARCH SERIES

Markets should be looking for some decesive move either side soon, as it has been range bound for quite a while and volatality dipping and staying around same levels..the range still is 2650-2750-2850...Maybe in the next few days something triggers that move for break of this range. My advise for now for visitors here is , wait for a dip to buy or Trade only if you are nimble footed or a technical trader..trade with strict stop losses,,,avoid overnight positions so as not be trapped in positions..or small traders/investors just wait a while for markets to unfold their hand.. happy trading ..cheers..

SETTLEMENT BLUES..

Despite weakness of the last few days , the markets managed to move towards 2800 zone for closing..As i posted the pitchfork chart in the morning , the market is already inching towards 2800 above zone..So lets see how it fares in the next few days.. 2760 area to watch for supports......Markets tend to surprise the masses ( all & sundry are very bearish) trade the trend not the NOISE.......anyhow enjoy the day ....cheers..

ROAD AHEAD

Mapping the footprints of ANDREWS PITCHFORK, a reasonable trading range comes in view from the above daily chart..app. ..2250-2550-2800 looks like the range as of now.. The above chart clearly shows where we can head in a weak market in the coming weeks ahead..In case we trade above 2800 for some time, the A P will have to be reversed for targets upwards...Hope this helps all visitors & friends who have been enquiring from me on this subject.. Do get in touch with us for our service details in case you are looking beyond this for more detailed analysis/daily /positional trading etc ..happy trading cheers..

POSITIVE DAY

After huge battering the markets all over bounced with short covering to unwind the over stretched markets..2780-2810 is the area to watch , cross of which can take us all the way back to 2880.. supports lie in 2720-30 zone..So what next????? its settlement day tomorrow and volumes should be low as still there is pressure of lotsizes on the market players and rollovers are less..enjoy the day..cheers..

BOUNCE TODAY

A bounce from oversold positions was on the cards and US after days of hammering just about did the same..Over 2736 we should move towards 2780-2810 zone.. bullish move if anay will come only after a couple of closes over this area...Settlement /larger lot sizes from march series/stress test etc etc will weigh heavy on the MARCH series..Take it easy and see which way we drift beyond tomorrow to plan your investments..cheers..

DIFFERENT STROKES.

Indian Markets moved in their own direction, discounting after open the global weakness to turn and take supports close to our 2660 zone written in morning to seek higher levels the rest of theday.. 2750 will be area to watch again, cross of which is important to move forward again..Take small trades in the direction till settlement, as we could be range bound in the next few days....cheers..

TOUGH WEEK AHEAD

Global cues being so negative and with a constant threat of a slide down from 2660 break, participants will be really nervous to commit positions on the long side in the next few days and may prefer watching to see where we head towards ..2660-2800 is the range for the coming week..trade with care..cheers.