FLAT CUES

Markets are flat all over..hope visitors to this blog are posting profits in their longs..Technically when markets dont get cues to go up it unwinds fast & furious to lighten up for any further upmove..watch 4990-5000 zone carefully in the coming days for such a move ..going Ahead 5075 zone is a critical area from 2007 rally break out & support ...Only beyond that will we attempt the ISLAND ZONE formed in early 2008..enjoy the day cheers..

TIRED MARKET

This looks to be a tired market , going up slowly, defying all cries for correction, riding the wall of worry beautifully...looking for some cues to move up..The area to watch is 5000 with a range of 4900-5100 as of today...trade the next 2 days with caution for sudden moves either way..enjoy the day..cheers..

MARKETS TODAY

Weekly range i posted in the post below..5000 is a watch area..trade the dips on the long side with small SL in place ..The settlement should be exciting with some volitality ahead..enjoy the day cheers..

WEEK AHEAD.

Markets are poised at very crucial levels of 5000 zone which was the R2 of september month..The weekly S/R is 4930 ..and the range could be 4700-5150 for the coming week..The settlement ahead could be a swinging match so play in the direction and keep booking your intraday positions..enjoy the holiday ..cheers.

LONG WEEKEND AHEAD

After making highs of 2009 markets went into profit taking yesterday ..same may continue today as supports lie at 4950 to 4920 zone..Its time to put your thinking cap ON while trading..We are at highs ..& liquidity is the only driving force..Stock prices are not going up much but INDEX is..Take a breather and enjoy the long weekend or till settlement..Cash in your longs as we rise if you are still holding out..wait for a good dip to get back in..5040-60 could be a top for the coming days over yesterdays high..with 5150-60 as ultimate target for this leg up..enjoy the day cheers

LANDMARK 5000 TOUCHED

Markets just about touched and reacted from 5000 zone to profit booking..hope friends kept booking their longs if any..Markets will test the supports and resistances now for next few days as settlment comes next week..so trade w/o emotions and in the direction..( Many a stalwarts have fallen on the wayside by being on the short side of the trade this month..)enjoy the day..cheers.

POSITIVE STILL

Markets globally are still positive astounding all..5000 is a resistance target of the market for the day over which we may try to touch 5040..supports now lie at 4890..and below that 4810..trade accordingly as we are heading into the setllement week which may be very chappy with wild swings....cheers..

SURGING AHEAD

Markets are absorbing just about all the feed it is getting and just about moving ahead crossing each resistance ..The TWO TARGETS that markets had were 1) 4990-5000 , where we seem to be headed now..and...2) 5150 zone which we may head towards in case we are able to give a few closes over 5000 levels.. Supports now lie at 4810-20 levels..Trade accordingly..cheers

POSITIVE ALLOVER

Markets are just unrelenting on global cues & liquidity..and the rally seems to astound all and sundry..cross and close over 4890 can take the markets to 4950 & above that 4990-5000 range..Will advise here on to only buy in dips and maybe stay away for a while if you are in cash..Any weakness will now be only below a close of 4890 now..enjoy the day cheers.

HIGH OF THE YEAR

Markets are poised at very critical levels..4900 zone right now..Which way it will go..???? is the question in everones mind..ANS . is no one knows..just book what so ever your profits are in the next day or so as we are moving into resistance zone of 4920-50 now..enjoy the day..cheers

NOTHING AROUND

Markets doing just about nothing..waiting for some kind of trigger for a move. 4800 is emerging as a S/R zone to watch..I feel we should let the market show its hand in the next few days before one commits funds either way..4890 has to be scaled first for getting a semblence of any move going forward.Failure of this , we have to seek supports much below...enjoy the day cheers.

STILL HANGING ON

Markets are just about hanging on to then gains..& 4800 was held in close..Bulls are finding the going tough & the climb up is laborious..The market postion as to close today is NEITHER HERE OR THERE type.. This small range may break soon in the next few days & the move can be fast and furious..( hope all noted the levels posted in the chart in the morning)..Do Trade with care and Sls in place..( Despite a small range a decent gains for swing traders),,,,enjoy the day cheers.

WEEK AHEAD

Markets are soft all over..4800 zone is the S/R of this week with 4600-5000 as the app. range for the coming week..

As can be seen from the above chart , we are in a upward sloping channel over the last few days/ weeks making higher highs/lows..The above channel chart shows a tentetive target of 4950 above which we can rush to 5300, Break & close below the of the lower channel ie app. 4650 for a few days will end this upward move..Enjoy the day and trade accordingly..cheers.

INSIDE DAY AGAIN

Markets are closing over 4800 levels for the 4th straight day..After making a inside day again today its closed towards the high of the day, indicating a certain amount of bullishness for the week ahead.Cross now of 4890 can easily take it to 4990-5000 zone , as in last 2 days it has jerked the weak hands a few times..Area to watch for support or stop loss for longs now is 4790-4800..This has been a good swinging week..enjoy the weekend ..cheers.

WEEKEND TRADE

Markets globally are taking support at key levels to make small bounces back..( liquidity)Selling at higher levels is quick ..the range still is 4780-4880 (+/-50 points) as of now...I will advise booking of profits in every rise , to remain in cash for a while in investments.., trade intraday only so as not to be caught in any sudden moves either way..and to wait for a good dip to get in..enjoy the day ..cheers.