WEEK AHEAD

Markets have been trying to cross & move ahead the last highs of this year..and fail each time..A triple top is in place..This weeks S/R is 5120 with a range of 4980-5260..Trading will get tougher in times ahead if the INTRADAY RANGE starts squeezing due to lack of cues or approaching year end etc etc ..Trade small and wait for a good breakout/breakdown to plan your trades..enjoy the day cheers.

ROLLER COASTER DAY..

Markets did what it does best.. A SWINGING MATCH..It crossed the highs & as if on cues sold out breaking 5162 and headed straight for the lows of yesterday beyond 5120 to bounce back at the S/R of the day 5120 zone..It was a good day for level players as markets rewarded both ends, it was a good day....So where is it headed next week ????..lets look over the charts on the weekend seek it out..enjoy the weekend..cheers

MOVING AHEAD

Markets globally are positive and we once again try to take out tops..The message was clear in the last few days that nifty is not falling much and taking support around 5080 zone & bouncing back ..Very important to take out 5162 & stay over it ..Cross of 5181 top could trigger short covering , from scared shorters making markets cross the 5200 hump....5120 zone is now what looks like a support zone..enjoy the trade cheers.

CONSOLIDATION

Markets again consolidated breaching yesterdays high/low...5100 remains S/R for the the trades ..The range breakout/breakin maybe coming..Wait for it and enjoy the trade....cheers..

WEAK CUES

Markets have been range bound for a few days..5070-5170 seems to be that range as of now..Markets are poised to make a decesive move soon, as it cant remain steady in a zone for ever..5100 zone remains EVEN STEVEN zone..So take your pick & trade accordingly..cheers.

INSIDE DAY

Markets just about bowed to global cues and opened weak , and every rise during the day met with selling..Seems at highs participants are not keen to carry and at lows the shorts were covering..it was a INSIDE DAY..and this time the break out/breakin of the range will be fast & furious..5100 is still a key area for this market..enjoy the day.. Its been good trading days for level players.. cheers.

SOFT AGAIN

Markets are displaying nervousness all over the globe with their erratic movements..This could be consolidation for a last move or distribution for a fast furious downside..5000-5200 remains the WATCH RANGE..play small in direction with strict SLs's..enjoy the day cheers.

SURGE AGAIN

Despite negative cues and disappointment , markets after consolidation took a quick move up , trapping the bearish participants ..( remember 5100 is S/R of this week )markets are trading on lower volumes these days specially when we are falling , which gives a bit of bullish undertones..we never touched 5000 but are heading towards 5200..where the range again gets capped..lets watch if we break out or retrace from there again..enjoy the day cheers.

VALIDATION OF LEVELS

Markets will be consolidating in the coming days to evaluate the confidence and participation of people at these levels..it could go range bound / sideways between 5000-5200 with some dips below on weak global cues..play the range in the coming days and wait for a breakout/down..enjoy the day cheers.

SOFTNESS ALL AROUND

Markets were soft & trade today was just a feeble drift down on no buying support kind of trades..The volumes were far less in average from which one can incur that no serious selling as of now..OI build up today is in 5100-5300 calls ...5200 calls and 5000 puts have Highest OI. We close below weekly S/R today..enjoy the day cheers.

THE WEEK AHEAD

Markets globally are halting and testing strenghts it seems, every rise is being sold into..Is it distribution going on..Weekly charts are not very healthy and some positive cues are urgently required by markets to arrest this trend & cross the Old highs quickly...failing which a drift downward will start for retesting lows once again.. nearer or deeper who knows???? 5100 seems to be the S/R of this week with a wider range of 4900-5300 in the coming week..trade accordingly ..cheers.

TRADING SWINGS

Markets are trading in the range now , consolidating or distributing , only time will tell..the range still is 5000-5200 ..This range bound trading is bonanza for OPTION SELLERS & the more time spend here the more is their profits..Break will surely come soon and could be wild..In the mean while its been a good trading last 2 weeks ..enjoy the weekend..cheers.

SOFT CUES

No cues from the global markets except some softness..The shorts done at top yesterday due to failure to cross old high/will be quite profitable on opening....The range still is 5000-5200 with now 5100 being a kind S/R zone( Markets are poising/cooking for a big move..some time soon technical traders will be able to recognise the signs ) enjoy the day..cheers

UNSETTLING TIMES AHEAD

Markets will start doing what it does best..wild swings and jerks ..hitting SL's for weak hands..In case markets dont cross thresholds the jerks are wild & quick....Weak hands like to get out fast..markets could not cross the 52 week high being so near it for cross over to new highs ,brought the sudden unwinding & also due to the fact that this is 5thday from the lows of last week and we were tad Overbought..5000-5200 range still holding good..Hope friends visiting the blog could make gains today in both buy/sell..enjoy the day cheers.

GROUND TESTING

Markets world over are consolidating/testing ground for maybe a last heave up,, can they go up straight from here?????? or correct and consolidate at lower levels , in case Highs are not taken out , this will be known in coming days and Intrady only..In the meanwhile 5000-5200 seems to be the range for now.., Trade accordingly..cheers.