PROFIT TAKING

Markets reacted on cue ie selling /profit taking came right from the start & markets kept selling the whole day..every rise got sold into and the selling was hard & fast..So what next..we should settle in range of 4200-4300 (+/-) 50 points..before some clue of direction can come..Good intraday trading today...cheers..

GLOBAL PARTY

Markets are rocking globally, what a change from Monday..all the gloom doom guys must be wondering as to whats changed so quickly....so what next..at 4300-4330 , do try to clear all longs on signs of selling , wait for a good dip to get in again..supports now lie deep down around 4150 , break of which may augur weakness again ..enjoy the day cheers..

REAL JUICY TODAY

Markets again did not relent , and carried ahead its flag , fluttering way above the pole...4200-4220 zone gone in the last rush , desipating all the negativity of the last week..expect some reation/profit taking tomorrow and then see where the the markets take support for the direction it is taking in coming days or weeks etc ..enjoy the day cheers.

JUICE STILL THERE

Markets still have some juice for upside after days of heavy selling..Above 4150 the area to watch is 4200..where some unwinding can come on profit booking..As I mentioned before a close over 4150 for a few days is must for any upmove..supports are at 4050-70 ..enjoy the day cheers..

SURGING AHEAD TODAY..

The rally today was remarkable as it kept absorbing all the feed coming to it throughout the day to surge ahead in the final hour , trapping the adventurous baby bears of yesterday and today.. The levels I mentioned in the morning for the retracements , it seems we are just close to 4150 zone over which 4200 -4250 should be tested..support now lies arounf 4050-70 zone for the time being..RIL finally moved and the Bulls got the much needed final push..Sustainance over 4150 zone for a few days must for any upmove , failing which markets may retest the bottoms or lower again..( a very good day for us in select stocks /options and Nf.)...this market is now turning to be level identifying -positional play- markets for good gains.. , trade accordingly..enjoy the day ..cheers.

STRONG CUES FOR THE DAY

Markets just about touched the lower end of the monthly range to bounce from there..A bounce is due and 1st step will be towards 4150-4200 zone..supports around 3850-3900 zone..Lets see where markets take support in days to come to get a view of path ahead for the next 6-9 months..Remember we are way ahead of 2539 NS of march and have to retrace more to give strength to the market..enjoy the day cheers..

THE ROAD MAP AHEAD

As had been written by me on 1st july, that range for this month is app. 3900-4900 with 4400 S/R..We are reaching the support levels now for the nifty for a small bounce back..Is the selling over ???????, cant say, as the move from March was pretty big..Do check the chart posted above for clues on the path ahead..We are trading this markets technically & with charts, in the direction and its paying us good dividents..enjoy the weekend ..cheers.

KNOCKED OUT

Markets just about pleased to deceive...(WHAT A JERK ..II nd TIME IN THIS WEEK , so many were bullish last friday for this week..)This fall was fast furious and frankly not seen in any chart before the deluge..( thank god we had our small SL and could carry all profits /gains of today home & then take trades in the deluge )..the range of 4050-4150 got breached heavily on the lower side.( had written break to be 100-150 points at least on either side.).Markets have unwinded most of the May gains..(a little more push will bring us to 3750-3850 zone..)trapping so many eager BUY IN DIP investors now at highs ......enjoy the weekend..will try to post some chart for next weeks footprint of nifty..cheers..

RESULT SEASON START

Markets from now on will take cues from the results along with global cues..Selling all over has abated a bit , Infosys results today will prompt a move either way to break this logjam of the last day or so....4050-4150 is the range range either can take markets 100-150 points either way..trade accordingly..& in the direction....cheers..

NO NOTHING DAY

Markets just about did nothing moving in both directions and narrowing them at day end.( closed 2nd day below 4100), we have to close over this zone for any upmove , failing which we will just drift down..Nothing much to take home today except that todays weakness was bought into at lower ends ...range is 4050-4150 break either way is 100 points quick move for the markets .enjoy the day cheers..

WEAKNESS AHEAD

Markets are weak on global cues and will remain so for sometime it seems.. However a technical bounce can come anytime due to severe selling last few days..Trade ahead with caution , become a intraday trader till this dust settles ..as supports are way down once 4050 is broken deceisively..4200 will provide good resistance now ..enjoy the day cheers..

UNWINDING

Markets just about going around unwinding the huge move of last month , many retail guys expecting solid move up during this week, are badly stuck in longs and wont know what to do till this slide continues..Today was a waterfall fall...the supports unfortunately are way down... markets held todays low at the EOD..and if this holds or around 4020 expect a small bounce back again to 4150-4200 zone..Today it seemed FII will have sell figures again..based on the huge fall right from the opening..Another good day for intraday swing traders...enjoy the day cheers..

WEAK CUES

Markets are under pressure still with FII's pressing the sell button daily..A little more push from lows can take us way down ..only above 4160 , we can see some upmove now.to 4230 zone which will offer resistance and next range will be 4290-4310..zone..enjoy the day cheers

TESTING TIMES

Markets just about went doing their business in routine after the massive fall of yesterday..Every rise was being sold into and every fall bought into..A 100 point pattern is what the market has made now..breakout/in should also be 100 points from this zone ..Swing traders must have again gained today ..enjoy the day ..cheers.

CONSOLIDATION AHEAD

After yesterdays huge sell off..( fully expected)...some amount of consolidation will be needed by the market to see which way it goes.. we are rated higher than other markets ( due to May abberation) and have to set that right some day ahead specially if global markets remain weak..4090 is a support zone below which we head for a huge slide down to fill the GAP.., and 4250 and 4290-4310 zone may give huge resistance..to any upmove..Be a Intraday trader for a few days/weeks till the dust settles..enjoy your trades..cheers.