FIBONACCI SEQUENCE-FOOD FOR THOUGHT.

A very interesting FIBONACCI SEQUENCE is emerging now..
1. We are completing 3 months of this rally from March low in next few days.
2. We will complete 13th week from March low next week.
3. We complete 55 days from March low in next few days.
HUGE FOOD FOR THOUGHT FOR GUYS FOLLOWING THE TIME CYCLE ANALYSIS..
enjoy the weekend..cheers

RANGE COMPLETED

Markets just about completed the range of trading as i wrote 4100-4500..Good buying support came today also and OUR MARKETS ROCKED TODAY AGAIN....( thats why was suggesting to friends visiting here to be with technicals )So what next..Next week is going to be very interesting , lets see if we cross the last citadel or not...Its been a long haul and we complete THREE MONTHS of a amazing ride, which broght back smiles to all participants who were stuck in stocks etc..The party has to end one of these days so pls. wait for very good dips now to get in again or play intraday with strict sls. enjoy the weekend..cheers

RANGE AHEAD

Series of MAY closed on a very BULLISH note.. Most Experts in 1st week MARCH would have not even dreamt in their wildest dreams that we will close over 4300, 2 months hence..(some had projected sub 2k levels & to wait for lows few weeks ahead ..well markets had their own agenda..)GLOOM DOOM was the call of the day then..So what now????????..Anyhow coming to our markets ,In the last 2 weeks we set a range of 4100-4500 now , break either way could take it app.. 200 points eitherway...Trade using ur skills & applying ur mind not your heart from here on ...enjoy the day & the weekend..cheers

RANGE BOUND

Markets are now moving in the range of 4220-4370...Breach any side will take it abt. 200 points either way.The markets are giving good trades to both BULLS & BEARS last FEW DAYS..as it has been range bound..Care should be taken when a breakout occurs..cheers.

SETTLEMENT DAY

Markets are a tad weak again due to global cues. DOW has failed to cross 8600 levels in this 2nd attempt also..any further selling in US markets will augur reversals as financials & other fundamentals again are suspect after all these months of huge pumping of funds..Coming to our markets the range for trade is 4250-4300 for the day , with a 30-50 points quick surge either way.. trade with care today , in the direction and with strict stop losses.enjoy the day ..cheers.

SPECTACULAR DAY

Markets just about touched the levels as given in the morning..OPENED @ 4117, consolidated around 4200-4220 zone before making a move right upto the gates of the 4280-4310 zone..Hope the technicals being posted by me , are helping friends visiting my blog. Markets have to close over 4325 levels for any upmove in near future..enjoy the day ..cheers.
PS: Technicals working very well in this volatile markets , any friends wanting to join our service can chat or write to me..

POSITIVE AGAIN

Markets globally are positive and SGX NIFTY is suggesting a gap up opening..Markets tested the near supports 4080-90 ( good supports lie in 3995-4020 zone) & will move back to retest the tops before resuming its journey back..area to watch is 4210 closely over which 4280-4310 zone..Failure to cross any of these zone could invite further liquidation by smart money..Volitality can be there due to settlement, non technicas players should be light in trades and with strict SL's..enjoy the day... cheers

PROFIT BOOKING

Markets did what they had to do, unwinded as it never crossed 4280 zone due to no positive cues and buying support  by Larger players just missing as they were booking their profits ..It tripped at 4250  went straight to 4150 and then lower to 4092.. on sustained selling pressure.This whack was right on cards for all the guys who were too bullish for this settlement..and buying small dips due to being left out...strong supports lie in zone of 3990-4020, though markets may halt earliar and do a  bounce back..NF is almost down over 500 points from the top..trade cautiously and in direction..cheers..

WAITING

Markets all over a tad weak , seems no further bullish cues/sentiments,valuations looked stretched, unwinding may be around the corner in near future..The range as of now is 4150-4250, break either way can take it 100-150 points either way quickly....Trade carefully with SLs & in direction, enjoy the day......cheers.

SIDEWAYS MARKET

Markets today just about remained sideways, with mid/small caps again were dancing around today. Its not showing any strenght right now and until unless some positive cues come around , there is nothing much there to fall back on for further rise..( settlement moves could be sudden so take care to be on right side of the trade)Time cyclewise also the markets are near a turning point.So be cautious on longs trade intraday & move out..The range is same still..4150-4300, break of which will take us quickly down /up..enjoy the day cheers.

RANGE AHEAD

Markets this week should range between 4150-4300, break either way will give 100/150 points quickly.I feel There are no cues going forward from here for the next few weeks , so one can assume that some profit taking / consolidation may be in the offing...Please do keep in mind that this move started in early march at 2539 & has done 2000 points app. Settlement week blues /volitality will always be there..cheers..

CONSOLIDATING & TESTING

The week started with Huge historical GAP UP /circuit & ended with some uncertainity on sustainance of this humugous move from 3650 levels..Nothing much to add except markets making lower lows from tuesday opening & not crossing the highs last few days.. It has to cross highs soon otherwise big ticket unwinding can start...enjoy the weekend and I think many will remember this week for a long time to come, will look over the charts over the weekend and post something for trade ahead.. ..cheers..

TRADING AHEAD

Markets will be looking to stabalise somewhere here or lower zone to fall in a trading range in the coming days , watch the Ministry being formed and then take on from there in case there is no sell out globly..4200 around app.is a support zone breach of which takes us down towards 4050 zone ..resistance still is 4320 zone..trade light, and in direction as Smart money is in no hurry to buy at these levels it seems..enjoy the day ..Cheers

PROFIT TAKING CONTINUES

Despite huge bullish sentiments , some sobering effect should have come with todays soft trade/ profit taking again..Breach and close below 4200 will augur more profit taking and take markets to much lower levels....Well thats markets , Has to correct the abberation(mondays, NF down 420 points from there..)before moving ahead.....Anyhow still trade the range and the buy in good dip policy for the time being..enjoy the day ..Cheers..

SOFT CUES

Markets world over are soft and in India DII/FII have locked in profits ..Lets see what is the floor level now acceptable for the market participants.Markets are overrated on this move up and some bad news can trip it..Levels etc have no meaning right now , as Mid/Small caps flying around on catchup game. Caution should be taken & patiance will pay in the long run..Believe in the technicals and charts and play accordingly( levels for play already given and in this consolidation phase it will be same)..cheers..