RANGE BOUND

Markets are clearly range bound & globaly tuned..nothing much can be taken out of the moves its giving except buying low/selling high..( Paradise for SWING traders, Footprints are quite clear)Take smaller trades & in the direction till the Markets shows as to which side it is heading in SHORT TERM..There is plenty to be made in INTRADAY TRADES too..stick to them..cheers

GLOBAL FOLLOWING

Markets world over are just about following each other swinging up / down everyday without any cue to the direction or pathto be taken ahead....Swing traders buying low/sellinghigh ,,,will be making profits daily..Range is still same( we closed in the centre today 4450) ..trade in the direction with SLs..cheers

RANGE BOUND

Markets are just range bound now( as mentioned in yesterdays post) , Low you buy / High you sell..One of these days this range will be broken..Till then enjoy the Intraday Swings..& Trade the direction.. with SL....enjoy the day cheers..

SWING DAY

Markets were sideways giving swings both ways for technical traders to dig in and make intra day gains..range now to watch is 4350-4450-4550..its been taking support 3 times now at 4350 zone..lets see how it trades out in the coming days...( Avoid Noise & use ur own judgement )..enjoy the day cheers

SIDEWAYS AHEAD

Markets may just about be in a sideways mode to maybe retest some lows again..Range should be 4390-4510 decesive breakout eitherway could give us a 100-150 points quick move( A big move is due and it should come soon..)..trade accordingly...cheers..

SHORTS WERE OVERDONE

Despite of huge calls last evening/night & today morning of impeding sellout ..Markets once again just did the opposite , in the process giving a huge whack to short sellers....Again i feel too much noise is created for nothing....I wonder many times that do these guys really trade..????? ..(had tried to point out in the morning post today to keep emotions out of trading room & then trade ) what happens tomorrow who knows... but markets clearly gave the upwards path right from the start today , & that should be good enough for any trader worth his salt to make money..rather than do the opposite due to the NOISE..thnk abt it ..Anyhow todays retracement must have helped a lot of trapped bulls unwind their positions..4509 again emerges as a resistance zone..4390 as a support zone.. listen only to market music my friends....enjoy the day ..cheers..

MARKETS AHEAD

Markets globally are still soft..Is this the start of the long awaited correction, well the days ahead only can tell..In case this is the start of the correction the final supports are way down and there is no point discussing them as they will arrive in time only..As of now the temporary support levels are near & a bounce back can be expected....Where to we retract to will define the path ahead for the markets..Be patiant dont get carried away as markets tend to whack/punish the exuberants..Trade with care in the coming days by leaving your heart out of the trading room...enjoy the day cheers..

GLOBAL SELL OUT

Markets just about performed on the global cues..Gapping down and then Selling off every rise to close at the lowest point or near the lows of last week..( Break of last weeks gap up pole ,, warned of weak trading day ahead..)This is global shakeout from overbought positions..4400 is the key level to watch now , below this we can drop to or below 4300..cross can take us to 4480-4500 zone..trade accordingly....cheers

WEEK AHEAD

Markets globally are very soft and selling out..4520 is S/R area for the week..the range could be 4420-4620 for the coming weak , break of which will tell us the short term direction..( hope people took the profits at tops as advised..)Trade according..cheers.

CONSOLDATION DAY

Markets just abt. did nothing and consolidated the whole day..At every low ppl. stuck in shorts kept covering making the markets go up....nothing much to add here today beside the range still is 4550-4650..lets see which side we breakout next week..enjoy the weekend cheers..

WHAT NEXT

Markets open for the weekend trade after having moved up from 4360 with strenght..some profit booking is in order ..the range now has moved to 4550- 4650..lets see which side the breakout takes place..enjoy the day..cheers.

KNOCKOUT DAY

Bulls just about knocked the wind out of Bears today..Pity guys who are trapped in shorts down below as we are just climbing up the whole today ..So the range 4400-4500 now has broken 100 points on the upper side..i will prefer Caution ahead as we may be heading towards key resistance zones soon..enjoy the day.wishing all of you a very happy janashtami ...cheers..

GREEN GLOBALLY

SGX nifty is in line with global cues and we may move towards weekly S/R of 4560..Yesterdays sudden dip looks to be a classic trap for BABY BEARS..from where the markets just ran away..We broke the 4400-4500 range by app. 50 points downwards, now we could do 50 points up..Try to book your deliveries /longs as we climb up..enjoy the day ..cheers

SWINGING DAY

Markets just about went into a swinging - jerking mode and shook all weak hands..( Non technical players could have had stoplosses on both sides)Great gains day today for INTRADAY CHARTISTS and TECHNICAL PLAYERS....Range still remains 4400-4500 (+/-) 50 points as of now..enjoy the day..cheers.

WEAKNESS ALL AROUND

Global cues are weak, we may again retest the recent bottoms..and if held can be range bound in app. 4400 -4500 zone. We can drift downwards in case these supports are not held..( range given in previous posts)..Trade with care and with strict stop losses...cheers.