SHORTS CAUGHT

Market was ripe to catch the shorters, and it did despite all bearish calls , markets opened strong and kept trading up..reaching almost the target of 2850 zone..it closed at the top , lets see where it ends up in the next day or so..maybe goes down to retest bottoms or lower or moves up smartly surprising all..will look into technicals later and post tomorrow..enjoy the day....cheers...

WHAT NEXT NOW

Markets tested 2700 zone last 2 days ,failed to break that , so if we are not breaking that level we will head towards 2800-10 ,cross of which will take us to 2860-80 zone. It looks like a positive open to close is in offing today after the SATYAM fiasco day..(well we were quite overbought then & ripe to fall str8 down..)..trade the trend..cheers..

VOLATILE DAY

markets kept hitting the selling button time and again (even in late trade , to recover fast,,,seems bears are a bit nervous to carry shorts beyond 2700-2730 zone )..care still is advocated in shorts as reversals can be fast furiuos..can it fall more???? who knows....after todays one feels tomorrow we could easily be at 2650 or 2850 ........lets enjoy LOHRI and leave all this volatality behind. for the evening .....HAPPY LOHRI...rajan bhatia..

RESULTS SEASON

Starting today markets will start reacting to results..(well they already have reacted )..2700 around zone now emerges as a support area for this slide and deeper down at 2650-70 area ..& 2810-20 area it has to cross to make a move up towards 2880-2930....trade carefully as we have already soldout a lot..CHEERS..

REACTING MARKETS

Markets just about started at the levels we gave of 2865(watch area), reacted and went slowly all the way to 2750 zone , even good IIP data did not help..and it closed almost at the low of the day..Markets are overstreched now on the lower side, waiting for the results season to start..A bounce can be expected on global cues from these area..trade carefully on the short side..cheers..

WEEKLY TECHNICALS.

Markets are soft and have to find their path in the coming days ..as its a tad oversold and 2800 somehow is being held, a rise up cannot be ruled out from here or lower levels(watch 2865 ,NS closely)..weekly range seems to be 2750-2940-3070..watch this range for trade ..cheers..

HOW TO TRADE AHEAD

Many friends visiting here have been asking me for my views on the path ahead..(also for CHRIS & all FRIENDS from MJ)..The above chart is self explanatory, I have posted the fibbo speedlines/channels etc ...Area to watch will be 2800 zone ,break and close below it. takes us to 2500 around...Below 2500 is free fall.. above 3240,we can go all the way to 3500.....enjoy the weekend..cheers..

PS: You can always join us in our paid service for intrday/positional calls of niftyfuture/niftyoptions/select stocks .

WEEKEND ROUNDOFF

Markets just about opened at levels mentioned in morning , traded the whole day in the range , giving us a good trading range for the day...2810-2930 app......where is it headed now ???????????..lets see into the charts /technicals over the weekend for the same ....enjoy the weekend..cheers..
PS: Do keep visiting for the free technicals that we post twice a day for you all..

WEEKEND TRADE

Markets on WEDNESDAY covered huge distance from the top keeping THURSDAY holiday in mind,supports are near and today trade should be flat to negative start with lower volumes & maybe narrow range due to weekend factor..2860-2813 deeper down and 2950-2990 above should become the range of trade now ..happy trading..cheers..

HUGE BUST

This was a real rocker of the day for our technicals , despite bullish calls by many, we called 3140-3060-2930 NS in correction..MY CALL SERVICE SHORT CALLS IN NF 3135-40 AND BUY OF PUTS 3100..ROCKED YESTERDAY & TODAY..& SELLING OF STOCKS..this is what i had been warning of ,SUDDEN SWIFT FALL..any time.. as we were OVERBOUGHT....
PLEASE GET IN TOUCH WITH US FOR DETAILS OF OUR PAID SERVICE..WE WILL MAKE YOU ROCK WITH OUR ROCKING CALLS..
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BIRLA SUNLIFE ARTICLE LINK DECMENBER ISSUE:
http://www.birlasunlife.com/distributiontsetIMS/new/Investime_Dec_08.pdf

Page 44 ,PRICE PATTERNS.

VOLATALITY GALORE

Yesterday was a classic volatality at tops..huge fall and strong hands holding, expect a rise to 3162-90 over 3140 tops made..( market is at crossroads at 3200 levels can run 150 points either way...)the next few days will clear this..Still will advise caution on all longs..small traders better stay away instead of getting whipsawed daily.. any correction from these levels could take us down to 2930 area below 3060 levels..trade accordingly ..cheers.

ROLLER COASTER.

Markets made a positive move in morning and kept trying to move up , stalling and just tumbling to supports of 3050 zone ...(good we booked profits)before making a U turn and reversing , covering all the losses of the day..markets are still overbought and near reaction areas, results facing us in coming days ..lets sleep over this and look deeper in to the technicals for some semblence of these moves , again a very foxing day.. .enjoy the day..Cheers.

WHATS NEXT

Markets have been doing a daily last hour surge ,triggering the SLs and ending higher..WHATS HAPPENING...The band was 2800-3200 and after touching the low , we are slowly creeping towards the top end of this range..Wild bullish figures are now been thrown by experts ...As we r reaching the upper end of this band ( all indicators are mostly in overbought zone..), i will be vary at these levels and again request all to keep booking their stocks in profits..3150 is area to watch above which 3175-3200 is a resistance zone..happy trading..cheers

SURPRISE RALLY

The last hour trade just took most traders by surprise( including myself) after moving in a very tight band the whole day...as they moved on a few select shares ralling namely RIL, ONGC etc to cross the old high of 3110 , where stop losses got hit.. will watch 3150-60 very closely tomorrow for any reaction to come failing which we will be heading to wards 3200 zone then.Supports now are at 3050 and 2990 ..take care ..cheers..

WEEK AHEAD

Its positive mood all over right nowdue to global cue & local stimulus..well we are also reaching the top of the bend and results just facing us in the next few days ..2990 this week will be the S/R , so watch that for longs, resistance lies in 3100-3150 zone..trade accordingly and investors should wait for dips toreinvest rather than chase the market..take care CHEERS..