WHAT A PULL BACK

Markets again surprised everyone by displaying weakness in opening & completely reversing yesterdays fall by EOD... 2990-3020 did provide some resistance , but failed to hold the upmove.. Break of the top 3076 will take us to the level of 3148 and slightly higher of 3200-3220. Trade once again with caution on the long side and wait for good dips only to get in..The markets are stretched on the upper side..kets see how trade unfolds in the next few days ..cheers..

WHAT NEXT ???

Profit taking started yesterday from the open and any rise to 2990 - 3020 zone may now be utilised to clear longs, any further fall can take us to support zone of 2880-2860 below which a steady fall can start.Lets see how markets unfold in the next day or so, be a trader now and trade with small SL in the direction of the markets....and trade light for the next few days for markets to decide their next course. It seems yesterday a near term top is made, in case this top is taken out and we close over it , the logical target will be 3200-3220. Happy trading..cheers.

SELLING GALORE

Nifty gapped up to Deceive, made shorts take a stop loss yesterday/today then trapped the baby bulls seeking 3150-3250 levels..to just reverse and grind down to the levels I gave as support of 2945 ..HOWS THAT. ?????? All visiting my blog would have gained by reversing positions and clearing all longs..& going short even in small lots..THE MAGIC LEVEL OF 3078 WHICH I WAS WRITI NG for days as a top NEVER GOT BREACHED...SO RANGE 3078-2945 worked well today....It was a good profitable day on the short side..hope all friends coming here and in a friendly chat room enjoyed the sell call and levels given... enjoy the evening ..CHEERS.

POSITIVE ALL AROUND

Markets world over now just looking at any small good news to keep the gains going and taking markets into a overbought zone. Well this is what a Bear Market Rallies are all about. Fact is IT cannot defy gravity forever. Book your profits and sit back, let it cool off and give a good dip for you to enter again .Watch 3148 NS as that is a strong resistance for this ride. Positional traders can take small reverse trades on signs of weakness. Supports lie at 2945 & deeper down at 2860 zone.Happy trading ..cheers.

RETRACEMENT CHART

This is retracement of 2945-2812..and where the cross of 2945 was to take us..It was headed for 3078 and there we are almost today...the top of this run ican also be 3148 as of now... Markets will retrace to 2945 zone again to see their strenght..Hope this helps all who are stuck in shorts ..cheers.

SHORT SQUEEZE OR RALLY

Despite weakness from morning Nifty moved quickly in the last hour to its target of 3050-60...after crossing 2990 which was resistance of the day.The short term target is 3078 beyond which we will be heading towards 3150 zone. Supports now at 2990 , below which they are at 2950 zone. The close over 2860 for a few days , gave strenght to the markets and they have been marching ahead despite all bad news..Will advise caution here and any buy has to be done only on good dips. Take care cheers.

SOFT CUES

Markets are a little soft all over and will be awaiting fresh news for any move up..3050-60 seems to be a short term top, 2880-60 will lend support to NIFTY & 2990 resistance..Trade light and let markets define what it wants..Cheers.

TARGETS FOLLOWED

Being on the LONG SIDE from 2600 levels did make the nifty reach its logical target of 2990-3020 zone..A little more push could have taken it to 3050-60 which looked like the destination from the time we turned from 2812 area on Friday. We are very close to the end of at least this run..so do book your profits.. wait for the dips and see where the markets take supports to plan trade ahead...This has been a Shorters NIGHTMARISH TWO weeks....remember guys keep small stop losses to live to trade another day in the stock markets .. enjoy the day ..Cheers..

POSITIVE OPENING

Following the reversal of friday, the markets world over are with a positive bias today and we too will gap up and start moving towards the targets as given in the weekly technicals ie 2990-3020-3050. Trade the trend only as shorts once again have been trapped. But do keep in mind that we are in a BEAR RALLY ONLY..Given above please find a tentative resistance /support chart to help all of you to take your trading decesions.The Speedlines/Extension values are self explanatory targets , trade with them..Cheers.

TRADING CALLS - HOW WE WILL GO ABOUT .

We are preparing a set of charts to show how we will be doing and giving positional or intraday calls of NIFTY FUTURES /OPTIONS & some select STOCKS , so as to make you understand the method /timings / quality of our calls. We use not only INTRADAY CHARTS but take reference of DAILY/WEEKLY/MONTHLY CHARTS to finalise the stratergy for the calls , so as to give us maximum gains with minimum risks. We will post these to all ASAP when they have signed & informed us.For others ,they are free to discuss with me thru yahoo chat or email about these charts.. This will facilitate smooth working during trading hours for all of us ...Any other querry or help if someone has , they are welcome to sent us a mail or chat up in yahoo. Thanks again for the good response , specially to my friends who have already signed up. Have a nice weekend .
PS: If we have missed replying to anyone , the details of the subscription service please do mail us immedietly.

INTERESTING WEEK AHEAD

Nifty has been giving very good positional/intraday moves from the last 2 weeks.People following the direction will be in good profits.Despite of negative sentiments/ bad news , the markets are simply not selling out..Can they SELL OUT???????? Why BREAK YOUR HEAD ON THIS..Simple thumbrule , just follow the trend & be patiant enough to see the moves coming.. Next week 2880-90 emerges as the S/R.....The range could be 3050-2750 break over/below that would give quick 200 points..ENJOY THE WEEKEND ..CHEERS.

CLASSIC REVERSALS DAY

Nifty followed the world markets , crashed in opening , took support at 2800-2820 zone , moved back over 2860 and rushed to close at 2921 and is poised to move towards 2950 zone.., if it sustains over this level we may be proceeding to the next level of 2990-3020, Strong support now lies at 2860 levels..break of which only will augur any weakness.Hope people following my blog enjoyed the levels being given..enjoy the profits and the weekend ..Cheers.

PROFIT TAKING OR WEAKNESS.

Markets in US & Asia are soft today , due to profit taking or weakness & bad financial data.. Posting profits in longs was a good stratergy & now wait for a good dip to reenter will give rewards.. 2880-60 zone again will provide some support and break of this will take us all the way to 2820-2800 zone. Resistance over 2945 will be 2990-3020.Do not rush into trading positions , trade light and in directionas it is weekend time , the bias for today looks down..cheers.

SUPPORT HELD

Nifty held on to its level of 2860 below 2900 and we closed for the second day over that level.RIL again came to the support and in late trade made impressive move.We have completed 7 days of positive trade and people who are short must be having a harrowing time seeing the market run up so fast and the falls so shallow..the range now is 2860-2940 app. Any break out will take markets 60-80 points quickly in that direction..Trade light and with caution...Cheers.

CAUTION AHEAD

Our markets have made a smart move from the 2600 levels , now will have to consolidate the gains over time to surge ahead. The lows of october have not been breached now for over SIX weeks.Watch 2890-2900 for any weakness for today , support will lie at 2825 deeper down and resistance in positive mood should be in zone of 2990-3020 again. Keep booking your longs and wait for buy in dip for longs..Cheers.