RIL BONUS

Morning trade will have the influence of the RIL bonus declared after market hrs..shorters in RIL may have a harrowing time..5000 is a watch zone..bullish above this and bearish below that..range is 4910-5110..lets see how it moves in days ahead as volatality will crush traders with SL's getting hit both ways..trade small & in the direction with care in coming days..cheers

PROFIT TAKING AGAIN

Markets remain in volatile mode...seems smart money enjoying the premium of sold of options in 4900-5100 range by keeping markets in the same range or smaller.. Markets reacted from the levels mentioned in my morning post of 5090 and took supports below 4990 range..Range traders could take trades..Post market announcement of RIL bonus will have its effect tomorrow on opening..lets see how trades go..enjoy the day cheers.

POSITIVE DAY

Markets after the huge 2 way move of yesterday may open a bit up and then just about consolidate for further moves..5090-5110 is the watch area on highs and 5000-5005 area is support zone..ALL LONGS should be avoided below 4990 from now on..enjoy the day cheers.

HUGE JERKING DAY

Markets have been waiting to jerk weak hands in the last few days..hope people visiting my blog would have used the 4990 to watch for any weakness area as their SL.. for a target range of 4910-30 support..Anyhow a great swing trading day today ..watch 5050 above which the old highs of 5110 for any bullish moves..Volumes were huge in the 2 way jerking days..CHEERS

MARKETS AHEAD.

Markets have taken support around 4990-5000 zone for the time being..Only above 5050 will it try to take out the old top..Watch 4990 closely for any weakness ahead..trade accordingly..cheers

MIXED DAY

Markets gapped down & then just about retraced all the losses and then came down to retest the lows again..The next few days trade will tell where we are headed ..4900-4930 zone should be watched in coming days and if we remain over 5030 we may retest or cross the recent tops ..trade accordingly ..cheers.

SOFT CUES

Markets will gap down today as SGX NIFTY shows..shorts should be booked and as when markets take support some longs can be initiated ..Supports lie deep at 4900 around..It will be interesting to see the coming days as breach of 4900 zone in close can take us deep down..and on cross of old highs to maybe over 5200..enjoy the trade..cheers..

FLAT DAY

Markets did just about nothing and the discount in the NF was still there at close..( not a good sign going ahead..)..Nifty Spot touched a technical target of 5110 in open.., now only cross close above this will augur bullishness going ahead , failing which below 5080 zone we may sell off to seek supports down below...DONT THINK MUCH about the Markets ,, it wont go anywhere.., enjoy the long weekend..cheers.

MONTHLY TECHNICALS

The month of OCTOBER starts on a high note..highest for this year...So whats this months range and expectation..4900 is S/R of this month...The range could be 5250-4750 inner range..The outer range much higher..Trade the range to start with & then see how global cues show their hands..enjoy the day & the holidays ahead..cheers..

MOVE FROM 5000

Hope visitors to my blog enjoyed the stratergy given of buy above 5000 OR sell below 5000..( 88 points it went up today over 5000)..What next ??????..who knows..Better to take profits and enjoy on the sidelines maybe for a while ..5075 is the area to watch for down side..enjoy the day cheers.

FLAT CUES

Markets are in no hurry for tearaway rally or fall... 5000 zone you watch and trade as a nimble footed trader in coming days ..It may be another range bound day today..keep your trades small & quick with strict SL....enjoy the day cheers.

DOING NOTHING

Markets opened up and stuck around 5000 zone the whole day doing nothing..lets see where we trade next 2 days..Seems bullish move over 5k & bearish below 5k...Its not a bad idea to sit aside & see what happens and take an entry at some reversal point high/low in days ahead..enjoy the day cheers

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..