power house for nifty technicals and stock market fundamentals with charts and technicals.
Thursday, June 25, 2009
SETTELMENT DAY
Markets tested low around 4220, made a higher low to 4143 , moved on to close at app. the high point of the day..( swing trading worked well again )..Retracements were to take us to app. 4400 zone over 4290....4290 is the zone to watch again for support while resistance being first at 4350 then at 4405 range..Last trading day could be volatile so Trade accordingly..enjoy the day ..cheers
Wednesday, June 24, 2009
MARKET SWINGS
Today again the Markets gave very good swings UP/DOWN/UP..giving ample opportunity to techno savvy traders to go in BOTH DIRECTIONS and take good gains..Well 4220-4300 was the App. range of the day and the market just about did that..The range may extend to 4250-4350 now..enjoy the day cheers..
SETTLEMENT BLUES
TWO days to settlement..cues are soft FII's still selling..(they hv. been selling from the tops )Where are we headed..4225 should be S/R for today with resistance around 4290-4300 or supports around 4140-50, Wild swings would surely help the technical swing traders with good gains intraday...Trade accordingly ,,cheers
Tuesday, June 23, 2009
ANOTHER TRADING SYSTEM
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ANOTHER INTRA TRADING DAY
A very good day again today for intraday traders..Markets fell hard to bounce back & forth around yesterdays close. 4150 provided the much needed support in the morning, though 4280 in NS could not be achieved intraday..Markets are nervous still and it seems on every rise unwinding is taking place. 4200-4250 zone is very important now for BULLS to protect otherwise we can go much deeper down , as still lots of profits on the table..Tomorrow is another day and intraday tech traders must be all smiling at the HUGE SWINGS..they r getting everyday in INTRA trades..cheers..
SELLOUT ALL OVER
Global cues suggest a gap down ( SGX NIFTY is down)..Break of 4200 (our range was 4200-4300-4400) should take us to 4150-4100 around..almost 600 points from the Top..supports lie at 4150 and deeper at 4090..some select trading/delivery buying can be done on these good dips for gains on the bounce.happy trading....cheers
Monday, June 22, 2009
STILL WEAK
Markets it seemed pleased to deceive today in the opning session..opened up then traded lower & lower all through the day..closing literally at the lows of the day..Well I had written in the blog on saturdays post of WEEK AHEAD that below 4300 ...tricky & caution..( hope it helped friends visiting here)We are approaching 4200 zone , lets see whether this holds or not..Only above 4300 Markets can show some strength..Another day of good swing trading..enjoy the day cheers..
TRADE WITH CARE
Range for this week should be around 4200-4400..Break either way can take markets 150-200 points..As this is settlement week ,Volatality maybe at the fore , so trade carefully & in the direction as swings could be big....enjoy the day..cheers.
Saturday, June 20, 2009
THE WEEK AHEAD
The week gone by was full of excitement going down & with good intraday swings . Next week is settlement week and we can expect volatality also..The speed with which it recovered from the 4200 levels would have caught a lot of bears by surprise..Thats markets my friends ..Technically speaking the market was giving huge POSITIVE DIVERGENCE all through the day till the very end or lows.. implying clearly that it will bounce back very hard....& thus the gains for TECHNO SAVVY PLAYERS players ..The area to watch next week is 4400..We will climb back to 4500 maybe in case we stay over this zone ..below 4300 levels its tricky AREA again for test of low or below....enjoy the weekend..cheers..
Friday, June 19, 2009
GREAT TRADING DAY
Markets traded on the dot ..4200-4300-4400.....worked beautifully, technically speaking with great intraday swings..(once again ALL OUR CLIENTS closed this week with very good gains).. This is just technicals..Hope the range I gave has helped all visiting here also..Shorts seemed to be covered in a hurry and after many days, we broke a high swing finally (4311)..in intraday..which indicates more upside ..The next day or so is crucial , watch 4290 in close again for any weakness , till then the baby bears will keep wondering what happened today that caused this Superfast Reversal.. enjoy the weekend , will try to post thoughts during the weekend for trade ahead..keep visiting...cheers
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PS: ..To join our service do send us a E-mail or call or chat up..
RANGE BOUND
Markets should be range bound after this huge jerk they gave in the last few days..4200-4400 could be a range as of now with 4300 as S/R..Be patiant..that will be the key???? , who knows whats in store in coming days- weeks, we are still much much over the March Lows....cheers..
Thursday, June 18, 2009
PROFIT BOOKING STILL ON
Nothing much to write about todays mayhem, except if you had booked last week at top,we are app. 500 points down now , today was the day to deploy some of that money for a trading bounce..anyhow..4200-4180 is a good support zone below todays low and 4405-4445 will give resistance..we are oversold so bounce can be expected..INTRADAY SWINGS are giving good returns to technical traders ..enjoy the day cheers
PS: thanks guys for ur enquiries..keep visiting..
CAUTIOUS AHEAD
Markets gave the much awaited JERK, ruffling quite a few DIEHARD BULLS..Can it be another buy in dip market..????The next few days will tell only,Only cross of 4520 now will be a BULLISH MOVE..& for now It could just be a sell in rally..4350-4450 is the range now which will be broken either way....enjoy the trades..cheers..
PS: The note of caution given from last week in this BLOG of the MAJOR STAR going retro & the JERK around the corner..must have helped all of you visiting here..Keep visitng or join our service ...
PS: The note of caution given from last week in this BLOG of the MAJOR STAR going retro & the JERK around the corner..must have helped all of you visiting here..Keep visitng or join our service ...
Wednesday, June 17, 2009
WHAT A JERK ??????
Markets just about rose to deceive..( Had clearly written today morning that 4500 is the key S/R for this market...hope ppl. benefitted with this call)..Have been writing continuously in the blog from the last few days that a GOOD JERK is round the corner..Today was a REAL big one..Hope friends visiting here had unwinded in time & will be in cash to buy when this fall stops...The fall from the top is over 360 points in nifty..Watch around 4300 or below it where we could be oversold for some bounce back..Best stratergy will be to watch & see & do selective picking of your favorite stocks for delivery with this fall.. ..enjoy the day..cheers..
SOFT CUES
Markets did give an opportunity yesterday to go light for a few days and trade in the Direction in the coming days..4500 now is a KEY area to be used as S/R..The range should be 4450-4550 for the market today , before they take a decesive step on either side..Careful in your trades in case Fii's are Unwinding Longs..enjoy the trade ...Cheers..
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