UNSURE RIGHT NOW

Global cues not withstanding, Markets are just about unsure right now on the direction going forward..5050 offered support and deeper down 5000 around should be a support..Markets have to cross the threshold of 5130 around for any upmove towards 5180 going ahead..Take trades as per your risk appetite as the 2 days to settlement may be swinging choppy too..cheers

CONSOLIDATING

Markets again are trading around 5050 zone, trying to hold supports there..5030- 5130 could be a tentative range ,break eitherway could be small break out..trade accordingly..enjoy the day ..cheers.

CONSOLIDATION AHEAD

Markets are poised now at 5100 levels with a range of 80-100 points either way for the next few days. This being the settlement week , volatality can be there so be sure of your SL's in your moves...There is movement in select stocks , keep an eye for them in days ahead..(Dont get confused with wave counts & double talk etc etc , Take your call as its your money)..enjoy your trading cheers.

SURGING AHEAD

Markets added to the gains of friday & closed over 5100 after 23 days..foxing many who had been expecting a slide below 4900 on friday...200 points app. from low of friday..5070-80 is watch area on dips and 5150-80 a resistance zone in the coming days ....enjoy the day cheers.

WEEK AHEAD

Markets made a major move back towards the recent highs on friday surprising many ..We will now be doing TRIPLE TOP here in intra charts..Markets have to cross 5110 & above in the coming week failing which it may drop back once again to test lower range..This week 5030 is the S/R zone and the range maybe 4900-5200..Trade accordingly but keep booking your profits and have strict SL's in longs..enjoy the trade cheers.

SPECTACULAR RALLY

Markets just about stopped at 4930 & did the reverse catching many with shorts & trapped them at lower levels with its speed of reversal....we close above 5050 levels..& Monday should be a good day again with little help from global cues..Hope all enjoyed the calls in the blog in the last few days and were able to make a killing..enjoy the weekend cheers..
PS: New friends visiting the blog can go through the analysis of the last few days to catch up with the trend of the market.

SETTLEMENT WEEK

Markets gave the CLASSIC JERK yesterday due to sheer lethargy at higher levels as no positive cues were there to take it over 5100..Today it may find some support around 4930-50 zone or a little deeper , for a small bounce back & then set course next week as to whats on its mind. NON CLERANCE OF 5090 does not augur well for the BULLS..Keep trading till then..enjoy the day cheers.

PROFIT TAKING

Hope people visiting my blog would have used the levels of 5050 for the Trade today..(We just refused to cross it and then fell hard..)The sell signal was generated yesterday below 5050 was a target area of 4950 zone once markets break below 5010..Hope longs were booked in the last few days and shorts closed today..4930-50 is a old support zone below which ??????? range given already . ..Buy on dips will work again for patiant traders....Enjoy the day..cheers

SOFT CUES TODAY

Markets all over are soft & for us the area to watch still is 5050 zone..The range still is 4850-5250..Stratergy for the day could be buy in dips & trade with strict Sl's from here on..(Profits Booked are the only money gained)..Trade accordingly..enjoy the day cheers.

CONSOLIDATING

Markets are not relenting but just consolidating..5050 zone emerges as S/R zone now .. This zone been held in close now for a few days..Breach of this area in close is not good for Bulls..Targets could be a range of 4850-5250..trade accordingly... cheers.

CRUCIAL ZONE

Markets again are poised at crucial juncture, If it does not take out 5100 clearly, profit booking may set in..Break of 5010 this time may take us into a little deeper correction..Cross & Close over 5110 can test the previous highs of 5180- zone.Trade accordingly..cheers

ROLLER COASTER

Markets are now going to consolidate in a range 4990-5090 & the breakout/down could be 100-150 points..in the coming days, Trade the range with strict Sl's..in either way..enjoy the day cheers..

WAIT & WATCH

Markets are in a zone where it can move eitherway..Breakout over 5120 and breakdown below 5030..Trade the range and keep booking profits..enjoy the day cheers.

RESISTANCE ZONE

Markets gapped up to face resistance around 5070-80 zone..(refer chart posted on sunday) It has to cross and close a few days over 5110 for any upmove, failing which a correction of this up move can set in..Do keep booking profits as we go up..Try to take intraday trades and carry your profits home daily....enjoy the day ..cheers.

WEEK AHEAD

The chart posted yesterday gave a idea of the path ahead..5050-5070 zone could provide resistance ,cross & close of which takes the market to old highs.. S/R zone is 4950 ..watch that carefully when & if weakness comes..Keep booking profits and your Sl's in case there is a sudden dip in the coming days..enjoy the trade cheers.