SWINGING DAY

Markets gave the typical swinging whack, moved in one direction to deceive the baby bulls & then gave the royal whack....shorts got covered in a hurry on the rise and then the longs got covered as the fall was fast and furious...4400 zone seems to lend some support as of now ..lets say that 4350-4550 is the range, break out / in over these levels..will determine the short term trend..enjoy the day cheers..

FLAT CUES

Markets are flat and can move in a tight range..we are in a overbought zone and doing small corrections there and then moving up again...4410 seems to be a support right now with 4510 as resistance.. a move will come after break of these levels..Trade in the direction and with care ..cheers.

NO NOTHING DAY

Markets just about moved in a small ,tight range the whole day..now 4430-4530 is a range , break of this should take markets 50-70 points either way..Trade in the direction ..cheers..

CONSOLIDATION AHEAD

Markets should move in range 4550-4600 and check base at 4400-4350 in coming days..As it has run up a lot , some profit booking is in order and longs if any should be taken in dips only..trade in the direction..cheers

SURGING AHEAD

Markets have just about continued their last weeks gains & surged ahead to its Ist target of 4550 for this week.. Indian corporates. are posting good results everyday .Start clearing your longs ..as we are now in the reaction zone..buy in dips should be used from here on...Its been a V shaped recovery in 5 trading sessions ,amazing many a participants with its fury & steadfastness after such a bearish move not long back..Trade in directions ..enjoy the day cheers

WEEK AHEAD

Markets all over Asia are in green, The whole fall of budget blues will almost get recovered ..and Markets are approaching the reaction zone..This weeks range is 4550-4050 on a nominal scale and higher on a literal scale..4250 is a support zone..Take trades as they come as wild swings can be expected , specially as this week is also witnessing the a BIG SOLAR ECLIPSE on wednesday..enjoy the day.. cheers

STRENGHT TEST

Markets unfolded its strenght for the day by strongly moving the whole day , crossing yesterdays high, (range of 4200-4300 gone in a day on upside)absorbing all the feed and closing at the top of the day..4400 zone is monthly S/R..( 3900 was S1)watch this area closely for coming days for the direction of the markets..This weeks close has completely negated the last weeks ENGULFING LINE BEAR CANDLE by CLOSING with a PIERCING LINE CANDLE..enjoy the weekend ..cheers..

RANGE BOUND

Markets should be range bound now till some trigger provides a up/down move beyond ..4200-4300 range..will again become a savvy traders market for a little while..enjoy the day cheers..

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.