RANGE TRADING

One should look beyond the settlement ahead for the foot print the markets can make in coming days..range is 4600-4700 (+/- 50 points)..Markets are looking Tad Tired..need some impetus for move ahead..lets see where we get it from in coming days or weeks otherwise..It can just unwind ..Trade with caution, in- direction , with strict sls ..enjoy the day cheers..

SETTLEMENT BLUES

Markets as of now are in a range and working in tandem with global cues..4400 held, now 4600 is being tested..One has to be patiant to see where we head..4700-30 is a resistance zone..Global cues can support a move over this zone otherwise markets can consolidate for a while in a range ...settlement week may give some wild swings either way ,so trade carefully in next 2 days..cheers..

RANGE TRADE DAY

Markets just about did the range suggested in the morning of 4580-4680...Nice gains for Intraday Swing players....Markets are looking a Tad tired at the top..lets see how it reacts in 4700-4720 zone....enjoy the day... Cheers

SOME PROFIT TAKING

Markets are in a small profit taking mood and also to see where the next supports or higher lows lie..This is a settlement week and one can see swings either side..Trade light & in the direction..range should be 4580-4680 for the time being..enjoy the day cheers..

UPBEAT DAY

Markets just about remained bullish after gapping up and every fall in morning ,the shorts tried to cover ..thereby pushing nifty up..It did cross 4612 and inched at the end towards 4673..We are nearing strong resistance zone..so care should be taken in the rise..keep booking profits..and lets see where it drops to and takes support..4580-4600 zone a support area so far..cheers.

GREEN ALL OVER

Markets globally are in a good bullish mood after consolidating in a range for the last week or so..we break the range of 4350-4550 today..I have given the footprints ahead in the last post on the chart..Do Take your trades accordingly & enjoy the week..cheers

FOOT PRINT AHEAD

The Chart above is of Extension Targets after last weeks consolidation and move up..The Footprint coming from Andrews Pitchfork is quite clear..Take trades accordingly..4680- 4700 around zone can again be resistance zone cross of which can take us all the way to 4900 & above..A close below 4500 may not augur well for the Markets so keep 4480-4500 in close as SL for longs..Enjoy the weekend..cheers.

SPOT ON AGAIN

Markets after 2-3 days of testing lows finally broke & closed above 4510 area..4350-4450-4550 range is rocking for intraday players..What next..????...lets enjoy the weekend with the gains from last week , than breaking head over levels etc etc..,( short sellers are going to have a pathetic weekend ahead..) will try to post during the weekend some technical chart for MARKET FOOTPRINT AHEAD..enjoy the weekend guys... cheers..

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..