DAY TRADING

As mentined in the morning markets will consolidate to seek the direction moving both ways when uncertainity is there..( Thus it made a INSIDE DAY )Day trading was the call today and it worked both ways for technical traders..Good profits for swing traders..we are in 5000-5080 zone..lets see which side breaks first..enjoy the day cheers.

CONSOLIDATION

Markets will like to spend time to consolidate here or at lower levels to look for the next move. Considerable OI build up came up yesterday in 5100-5200 calls so thats the immediete resistance and shedding took place in 4900-5000 puts so a slip below 5000 is also possible till 4930-50 zone..Be patiant wait for markets to consolidate to commit resources, better still be a day trader for a few days ..enjoy the day cheers.

BOUNCE BACK

Markets took support where they should have at 5000-4990 zone and gave a bounce back..If global cues are positive tonite from US etc then we may rush up on open tomorrow..The range 5000-5200 has worked well again..Good day for long side trades ..watch 5080-5100 closely , only cross & close above this takes us up again..Hope ppl. visiting are enjoying the technicals and trading tips that I give here on daily basis..enjoy the day ..cheers.

PS: I would request all who are visiting my blog regularly to kindly send me a mail about the same at bhrajan@gmail.com. There could be some changes from 1st january 2010 in the blog setup and technical levels , commentary..

SOFT CUES

Markets all over are soft to negative..our supports lie in zone of 5000 & deeper down at 4930...Now we are at the bottom of the range of 5000-5200..Markets can halt and bounce a bit from the support zones..Trade accordingly..(Buy in DIP- Sell on RISE Works again)..Patiance pays..along with technical knowledge..enjoy the day cheers.

PS: Its been my belief that ppl. who make maximum noise in forums & chat rooms trade the least and lack confidence..they should spend the time learning & trading.

THE JERK

Markets finally gave the push..on the downside on break of 5080...The OI was suggesting resistance at 5200.... as maximum OI of 5200 calls was there and growing today on breach of 5100 that call OI also increased.. Suports lie around 4980 around and 5080 will give resistance on the bounce back..cheers.

DOING NOTHING

Markets are just about doing nothing...maybe calm before a storm..range working out is 5080-5170..something has to happen , which side...???????..enjoy the day cheers

VOLATILE DAYS

Indian Markets again are in their own world..While the Asian cues were weak we moved up and when Europe opened positive we went down..The strong hands are just about jerking weak hands triggling SL's..The range is compressing now 5180-5080 , something has to give up soon..Its becoming easiar to buy bottom / sell top..Something has to snap for a bigger move..Watch the area closely and trade accordingly..cheers.

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.