HAPPY NEW YEAR

Seasons greetings and wishing all visitors a very happy and prosperous new year..We may be starting at 9 am from 4th january, so a lot of morning rush for getting ready for the day etc..Regards today trade 5200 is where this market can settle..5150 -5250 is the range..enjoy the day and the coming holidays ..cheers.

WAIT AND WATCH

Markets hovered around 5200 , just letting some profit taking to take place..Range seems to be around 5150-5250..trade that ..enjoy the day and coming holidays ..cheers.

CONSOLIDATING MARKETS

Markets are pausing at 5200 after the fast furious move up...Being a settlement week some amount of volatality can be expected....Buy in dip only should be the stratergy..range could be +/-100 points from here ..trade the trend..cheers

YEARLY TOPS

Markets just about consolidated the whole day to suddenly surge and post the yearly high at 5197.90...(NF posting 5209.95)..Bulls have given everyone a cheer this christmas specially to the people who are still stuck in stocks & can use this opportunity to unwind as we rise..Markets are overbought after 2 days of unrelenting surge and will unwind soon..Again buy in dips should be the key..enjoy the long weekend cheers.

UPMOVE

Markets shrugged off the weakness near supports of 4930...& gave a spectacular ride to cross 5150 again ...What Next ???? Markets will try to consolidate in the 5100 plus range (short covering will cushion the falls)to try and breakout over tops of 5182 for 5250-5350 zone..Failure again could invite some serious unwinding..enjoy the day & the long weekend..cheers.

SPECTACULAR RALLY

Well these are markets??????? ..had hoped to close tomorrow at 5050-80 zone , but market had other plans , it not only crossed this threshold of 5050-5080 but closed over 5150..Nothing in the technicals could have predicted this move of today ..Well just being on the right side of the trade or the policy of buy in dips , would have helped..(Bad Long Festival Weekend coming for people on the short side of the trade)...lets look at the Market Footprint again during the long weekend..enjoy the day cheers.

CONSOLIDATION

Markets may not be doing much...Option seller smiling as Daily OI is being shed of options..4950-5050 could be this holiday range..trade accordingly..cheers.

BOUNCE TODAY

Markets did give the much needed bounce but was stuck in the 4990-5000 zone the whole day..Holiday mood seems to be the reason for lack lustre trades..so wait for dips to buy and sell on rise..4930-5010 could be a range to watch..cheers.

POSITIVE CUES

Markets will bounce back from its oversold positions due to global cues..4980-5000 to be watched for today for resisitance. Trade light and in directions , watch 4930 in close if you are long..enjoy the day cheers.

PROFIT TAKING

Markets are still in profit taking mode as there seems to be no support coming for buying..Markets just drifted after remaining positive for sometime towards the support of 4930 area..Breach below that could cause some serious unwinding in longs..Watch that area and dont be a in a hurry to buy if this breaks ..Bounce back will face resistance at 4990-5010 zone..enjoy the day cheers.

WEEK AHEAD

Markets today are flat, waiting for cues to move ahead..5050 appears to be the S/R of this week with a range of 4850-5250..The levels to trade have been written last week too in this blog trade that..Please note that this is a truncated with a holiday on 25th for Christmas.enjoy the day cheers.

TRADING MARKET

Market moved both ways today, showing its weakness at 5050 zone ( making lower highs )and tripped below 5000 levels to test waters ..Moment we broke 5120 this week 5000-4980 was a target as I had been writing ..do we dip to 4930 & below or we try for bounce..will look over the weekend for the cues..till then enjoy the weekend & do send me the mail with your email id ..enjoy the day cheers.

WEEKEND BLUES

Asian Markets are soft all over due to Europe/US woes and sell out..5000 around is the key zone to watch as Markets have been taking support here..Generally around the weekend , markets do make a move ..Trade carefully and with the trend ..enjoy the day cheers.

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.