WEEK AHEAD

Looks like markets made a temporay top and profit taking set in immedietly due to lack of buying conviction and holiday season ahead..War noises over the weekend also dampened the market sentiments...and it kept drifting down towards 2860 supports again..it can take support here or a little down..watch 2950...... CLOSELY FOR NEXT WEEK..range is 2800-3050..trade in the direction, .trapped bulls will liquidate in rises..cheers

TESTING SUPPORTS

Markets just stalled at 2950 zone after making a brisk start , all we heard the whole day was war cries/news/rumours..so much noise created today....the result was nifty quietly slipped to 2900 and 2850 levels before any one could know..so what next?????..Weakness is there for test of 2830 area below which it may be a straight run down to 2750-2700 now.Lets see how the weekend traverses over the borders for us to make a move next week..enjoy the weekend cheers..

WEEKEND TRADING

It could be lackluster trading today or the next few days as most large participants maybe holidaying..2930-2900-2880 should be a support zone for a test again of 2990-3020 area..watch 2950 area closely for some clue to trade today..Trade light so as not to be caught on the wrong side in any  sudden move in the next few days.happy Trading ..cheers.

WEAK SETTELMENT

As written before markets just buckled day before trapping all who were bullish for this settelment ...and continued the slide today also towards 2900-2880..1st shorts took a SL then longs.. It just managed to close a little above last weeks low , but after breaching it ,,,it was a NO NOTHING DAY , where it traded with in a small range ( triggering SL s & making money for brokers). WHAT NEXT..lets see over the christmas holiday into techs & charts to see how to move forward..Happy Christmas to all friends visiting my blog and have a nice weekend with your family and friends..cheers..

MORE WEAKNESS

Asia seems to be drifting down and so can we..no heavy unloading so far, supports lie at 2930-20 zone and below at 2880..watch 2990 again , cross of which can take us to 3030-3040 zone..only above that can we head for 3100 or above..Let the settlement and the holiday go through, trade light and in direction(On a lighter note MARKETS wont run away anywhere..)..happy trading ..cheers.

PROFIT TAKING

Hope all visiting my blog would have heeded to my observations of top tops and that profit taking will set in and we will test levels of 2990-2950..We went spot on there, (We were short from 3100 levels with NF & with jan. puts)despite of huge calls of 3150-3250-3300 by so many experts , we followed our technicals and charts..lets watch 2920-30 zone carefully for any support for upmove , otherwise it will be selling on rise by trapped bulls..enjoy the day ..Cheers.

LOSING STEAM

Markets lost steam around 3100 levels after failing to go towards 3150 levels , just gave up gains..Asia is soft and some more unwinding can take place. Watch 2990 and deeper down 2950 for support....resistance now lies at 3100 zone cross of which this time can take us to 3200..Trade carefully in the settlement week and light..Cheers.

DOING NOTHING

Markets have done just about nothing , pleasing to deceive, not much conviction in the upmove as volumes were low the whole day..whats up then , markets looking for yearend clues and may dip if fresh buying does not emerge. Trade carefully and in small lots and let the settlement go past before forming any stratergy. For stock investors only buy in good dips.Enjoy the day...cheers

SOFT MARKET

Markets as a bit soft and seeking direction, we are in the settlement week where generally volitality sets in..kindly look at the weekly techs posted for trade direction. 2990 -3150 seems to be the range as of now break of either side can take us quicky 80-100 points either way..Happy Trading cheers..

WEEK AHEAD

Markets showed good resiliance and despite overall belief of being overbought/overstretched, it defied gravity to close at the high point of the week. the S/R works out to be 3050 and the range is 3220-2880..Its the settlement week & volitality will be at its peak. All inputs for boosting economy have almost been put in by governments all over the world..trade light and in the direction...Enjoy the weekend..Cheers.

TESTING TOPS

Markets are defying gravity and testing the tops again and again. Looks like the settlment is the main sentiment right now. Close over 3100 will take us to 3148-3200 area and below 3050 we are headed for 2990-2950 area..lets look at some charts/technicals over the weekend to give us some cues...cheers

SOFT MARKET AGAIN

Markets are unsure to the direction they have to take, thats the reason of the reversals /gains. Above 3078 the levels to watch are 3148-3200 and below 3040 area, 2990-2945 . Trade accordingly..Cheers

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.