PAUSE DAY.

The continiuos rise finally halted at 2810 zone invoking profit taking, Markets still not showing weakness as yet as it took support at 2740 zone ... Any breach from this levels only will start profit taking with supports at 2660...Shorts/puts initiated /yesterday today yielded good profits. enjoy the day..cheers.

REALITY CHECK

Market is poised to take a reality check soon on this upmove.Expect some softness, lets see where it holds for any more upmove..Resistance are in zone of 2810-30 and Support at 2737 zone below which we go all the way to 2660-80..Book your profits and maybe buy some dip ..enjoy the day Cheers.

SECULAR UPMOVE

Markets just about have dissipated all the gloom & doom in the last few days..THE HUGE WAR CRY OF BREAKING LOWS BY MANY EXPERTS JUST ABOUT GONE ALONG WITH THE PUTS OI.....(MARKETS MY FRIENDS DID GO AGAINST THE MASSES.)..Well is the worst over, maybe not ,but a lesson from this for traders is markets never fall in a straight line..it did unwind its overtly oversold positions..Hope friends did book their stocks bought down & F N O longs today( We did book most longs now)..We have almost reached the reaction zone around 2810.. , lets see how it fares in the next few days..enjoy the day ..cheers.

WEEK AHEAD

Markets after taking support at 2500 zone moved up, and are moving towards 2750-2800 area.. (keep booking your profits of longs/stocks as we go up )weekly stop reverese should be 2660 for any longs..break of which can take the markets all ther way to 2590 area again. Global cues may define the path ahead in the coming few days/weeks as results season start sometime next month and we go straight into the elections thereon..enjoy the trade ..CHEERS

RALLY CONTINUES.

Taking supports at low of 2537 and helped by global cues and oversold positions, markets slowly but surely has crossed the threshold of 2660 to move towards 2750..this has been almost a gap ups , non volatile rally with the NF discount finally easing off..( HUGE SHORTS SQUEEZE, PUTS JUST ABOUT BUTCHERED)....Good profits overall for the BRAVEHEARTS who dipped into select stocks at the bottom last week...lets see over the weekend as to how next week pans out ..cheers..

SURPRISE AGAIN

Markets world over again have sprung a surprise so as to unwind the oversold positions..Hope friends visiting here would at least not have shorted even if they did not buy select stocks..Well as ppl. who bought stocks can start posting profits as they come today& next week...2700-2750 can be a resistance zone.supports lie at 2584...(AS MENTIONED HERE MARKETS GENERALLY GO AGAINST MASSES ..this is a real eye opener,for put buyers/shorters...)..enjoy the ride friends..cheers..

NERVOUS STILL

Markets still are carrying lots of nervous energy with them, as every attempt to close above friday high resulted in selling..The range is 2550-2650, break either side should give a quick100 points move..trade accordingly..cheers.

CATCH UP

As SGX NIFTY suggests we should surely play the catch up game on opening after 2 days of holidays..2660 NS is the resistance zone over which we can trade all the way towards 2700-2750..supports lie at 2585 zone.( see the SPEED LINE CHART posted yesterday)Its very important to watch the US MARKETS in the coming days to see whether they hold/break or make a higher low, This will give us some idea whether we will hold our lows(2530) or not & also if some kind of a BEAR RALLY is lurking somewhere in the background...enjoy your trade if long..cheers.

HOLI SURPRISE

SURPRISE SURPRISE...specially for dooms day advocates..what a rally US/Europe gave last night..if all remember, I have been saying for last many days we are over sold and shorts have to unwind..they did as it was a composite rally of all shares..(We went long in select stocks /options )If markets are able to hold these gains over the next few days..maybe bigger, larger money/funds too start looking in..The above chart of SPEED LINES gives us a tentative range & direction..Watch 2500 now for any weakness, breach / close below this should be SL of longs.. HAPPY HOLI

INSIDE DAY

Markets made a inside day, ie it never broke the HIGH/LOW of friday(2537-2628)..shorts seems to be covered in last trades as nifty futures moved up from the lows..To trade ahead , watch the breakout of the friday's high/low..Again will advise all not to get biased due to all the noise around the markets..REMEBER MARKETS TEND TO MOVE AGAINST THE MASSES.. enjoy the holidays ..will post some tech. chart in next 2 days ..HAPPY HOLI...keep visiting..cheers.

WEEK AHEAD

First of all let me thank my friends visiting here for all the offliners/ mails they sent me on my post on BOTTOMS /STOCK PICKINGS posted on friday .. thanks again guys& will try to look in future also at the reality check rather than getting bogged down with noise..
..Markets After managing to hold the 2530 levels , market will try to see whether this has to be a temporary support or has to seek lower zones for supports. 2600 will remain a S/R for this week with 2660-2530 as trading zone, any breach should take us app. 100 points quickly..being a truncated week with 2 holidays ahead, market participation/commitment may be low..trade accordingly.cheers.

THANK GOD FOR MERCY

Well well it seems , someone read my morning musings and despite bearish calls /enviro, supports of 2528 NS held, and slowly but surely the markets moved up closing again over 2600..at the top of the day. 2660 now is a resistance zone and any bullish move will have to close over this level..lets see over the weekend where we may be heading to....

There has been a raging debate amongst the astrological circles last few week/days of significant plannetary signatures taking place starting tonite & next few days , which have a BEARISH IMPLICATIONS  for coming days etc..WILL IT HAPPEN.. ..only the experts know, all i know is we were/ are oversold ..and unwinding of shorts have to take place..enjoy the day..

FEAR IS THE KEY

Markets specially in US are being completely governed by Fear right now , with no positive cues in sight.Lets take a REALITY CHECK of our markets..In general leaving aside a few select Index shares most shares are below the oct'08 lows..almost between 5-15% maybe of january2008 highs..so whether index is at 2650- 2550 or at 2250 how does it matter to the investor..Wise people recommend BUY when there is FEAR ALL AROUND ..can we go down to any levels which market pundits are discussing everyday and all the day..surely we can..they are just NUMBERS in this game now ..I feel time has come when People who are serious stock market investors, to start looking at those shares which they always wanted to buy and are now battered/butchered beyond shape..( put your foot in as no one knows the bottom..)maybe keep away from those index propping shares which will face the music on the day of the panic......My submission is if you have survived your buys of 6000-4000 levels and are still around the markets ..buy around these levels wont kill.. get out of this index levels mind game..look beyond that..THINK ABOUT IT??????..time is coming to take the call with the mind rather than the heart....enjoy the weekend & the coming holidays next week..cheers.
ps: your views on this will be welcome.

SELLING GALORE

This was one of those days when the selling was in real slow motion and at the end of it just wondered , why i could not see it..Unwinding at such oversold levels does not augur well in short term..Can it slide down more , why not it can easily if there is more unwinding , but initiating shorts here wont be advisable..markets have to cross 2650 soon to give some support ..The weekend ahead and 2 holidays next week may keep many ppl away ..lets wait and watch what unfolds before stepping in..enjoy the rest of this day..cheers..

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.