WEEK AHEAD

We open today after holidays..The week ahead has as S/R of 4980-90 with a broad range of 5150-4850..This is a 3 day trading week & can be low on volumes..We will open up as SGX NIFTY suggest and will try to climb towatrds old highs..Do trade in the direction with strict SL in place for any sudden moves the markets may give in coming days..enjoy the day..cheers.

TESTING TIMES AHEAD

Markets now move into time zone where its going to really test bulls & bears..Today was a good example..days ahead should be volatile , swinging and fun for technical traders as moves either side should be fast & sharp and anyone catching them ends up in good fast gains....4910-5010 is a range as of now break either way should carry markets quickly in that direction next week..enjoy the holidays ahead..will try to post some chart over the long weekend for seeing the direction ahead for trading..cheers

GLOBALLY SOFT

Markets yesterdaybefore close was making HARAMI BLACK as daily candle , which meant that the rise up was false( longs to be unwinded before close )..Markets have opened weak all over and SGX Nifty suggests open around 4940..supports still lie in 4910-30 zone below which it will test the old breakout zones way down..We close today to reopen next tuesday which also leads into a truncated trading week ahead..not much should be expected in coming days and only from 5th onwards some serious trading may set in.. enjoy the day ..cheers..

GOOD GAINS TODAY

Markets stopped just about at 4900 zone , the level given in the morning to run back to the resistance zone and above..of around 4990.. ( another higher settlement month )Markets now will try to retest the tops or scale over them in the coming days..supports still lies in 4900-4930 zone....its been a good series with huge swings for swing traders..enjoy the day ..cheers.

SOFT GLOBALLY

Profit taking took the better of the markets yesterday..Weekly supports lie around 4900-4930 zone..break & close below this can take us much deeper down..resistance as of now is at 4980-90 zone...let settlement be over , and then a fresh look can be taken for the market ahead..Next week is a 3 day trading week so not much could be expected in coming days..enjoy the day cheers.

UNWINDING & PROFIT BOOKING

Had written in the morning that if we dont go up ,we will trash fast & furious..despite of calls of 5100-5150..settlement ,markets just about stayed near 5000 , breaking it in the end to rattle the bullish expectations for settlement...Supports lie in 4930 zone and resistance around 5020 zone..Trade accordingly..Last few days have been good, trading wise in the swing trades..enjoy the day cheers.

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.