MONTHLY RANGE FOR FEBURARY

Markets are almost at the threshold of S/R of the next month ie 2900 , with a range of + _ 500 points..As huge surprises and volatality may again creep up be very careful of trades next month so as not to be caught on the wrong side..The financial mess and the stimulus are going hand in hand and this range of 2700-3200 has been the area of trading this last 2 months..Will this range break or remain same for this month too..difficult to say but possibilities are high that a break may take place....Positional trades can be taken for end to end trade till the range breaks which may give a quick few hundred points of nifty..All the best..cheers.

TAKING SUPPORT..

Markets just about took support at 2780 zone and after initial consolidation just about moved up very slowly above 2835 NS to register a tad higher high above yesterdays top..its retested it top again now will it move towards higher targets of 2930-2990-3050 again..or we retetst 2650-2580-2530....Where does it go from here..will look into technicals /charts over the weekend to see where the resistance /supports can come, and what direction markets take next week..enjoy the weekend..cheers.

PROFIT TAKING

After a decent rise traders again move into the profit taking mode from 2880 zone, supports lie at 2760, and deeper at 2720..Despite of huge very weakness calls , january is just about passing off without much damage done so far..Next week or so will set the tone for the direction of the markets in feburary..trade light for the next few days to take the bigger move..cheers..

PROFIT TAKING

Our TODAYS before market call in paid service of ...SHORT NF AT OPEN & BUY PUTS, rocked today with some great profits....(profits also booked in all longs in stocks etc )..this was in sequence of my observation yesterday & today too that we are reaching the top of the band to watch 2880 closely today..(markets never crossed 2880)..This is pure technicals which consistantly deliver results rather than some mumbo jumbo observations, with dual predictions,which generally fails & means nothing for serious traders..(YOU NEED HORSES FOR COURSES..)..anyhow coming back to the markets, the settlment is over, markets will try to see and find a range with a mean of 2800 now..lets see how next series unfolds in the next few days..cheers..

SURPRISE RALLY

Despite of huge Bearish calls last week, from techno & astro specialist..markets did the exact opposite and slowly crept up and is now approaching the higher end of this range..I sometime seriously wonder if these experts PUT THEIR MONEY WHERE THERE BELIEF/MIND/MOUTH IS ..and if they do then they should have gone bankrupt long back..will request all visitors to my blog to take all FREE ADVISE (including mine) with a real pinch of salt,evaluate and trade with strict SL..so as not to loose their hard earned monies..just drop ppl. who are consistantly going wrong..irrespective to what reasons they give later..they just epitome the noise of the stock markets..Watch 2880 area carefully..cheers

POSITIVE DAY

Markets opened strong again and , despite of profit booking/distribution/lower volumes ..just kept moving up reaching a overbought stage ..the range again gets completed of 2650-2850..Expect reaction from here or a little up at 2870-80..This move has surprised many specially as all were quite bearish last week with quite low projected targets ..trade with care and keep booking your longs ...enjoy the day ..cheers..

MOVING AHEAD..

Markets in Asia still in truncated trading due to chinese new years holidays..coming to our markets it may move to the range top of 2800 around and take cues from there for this settlement trading..expect some sudden volitality next 2 days ..trade light and in direction..supports lie now at 2720 zone..cheers..

SURPRISE SURPRISE

Despite huge calls of gap downs/weakness etc , the markets just gapped up and kept moving up the whole day ( it was at very key supports at 2660 on friday..) lead by RIL, who else..markets going towards the top of the range 2800-2850..do keep in mind that the volitality will be there till settlement..so trade carefully and with SL..cheers..

WEEK AHEAD

Markets in Asia are mostly closed today..some upward bias after days of selling can be there..Range next week could be 2600-2800..Expect volitality to set in again in this settlement week.Its to be seen which side the breakout comes at...enjoy the trade ..Cheers.

ARTICLE IN INVESTIMES january issue

The new article in BIRLASUNLIFE , INVESTTIMES january issue..cheers.

http://www.birlasunlife.com/distributiontsetIMS/new/Investime_Jan_09.pdf

WEAKDAY

Markets opened weak and almost remained weak the whole day drifting towards 2650 levels ..Tough days for traders everyday as the fall is so slow and halting..If these levels are breached on tuesday , we can expect a ride to 2570 and deeper at 2530,,,,resistance now shifts to 2710 and 2760 above..Enjoy the long weekend..cheers..

LONG WEEKEND TRADING

Its a long weekend ahead,markets all over are soft, 3 days left next week for january settlement, whats to be done????? range right now is around 2650-2700-2750 and maybe for the day..trade light and cover positions at ay end and start afresh from tuesday..there could be volatality in store next week , beng the settlement week..cheers..

NO NOTHING DAY

markets as discussed in morning is in the zone of NO-NOTHING DAY..brokers paradise..The zone of 2700 again held up..and it never tested 2650 or lower levels..cautious closing going in RIL results..range narrowing now to 2750-2650 maybe..lets roll over the result tonite and the long weekend..enjoy the day ..Cheers..

CONFUSING SIGNALS.

markets last few days/week has been just giving confusing signals everyday, thereby whipsawing both ways(had warned about this phase to all abt. a week back), this always happens when markets are not sure and both BEARS/BULLS are edgy and like to cover their profits..2700 zone is still offering respite to bulls where they will try to pull back, but lack of buying makes them slip again & again..So brace urself for NO-NOTHING directionless few more days ahead.keep ur trades very light and be nimble footed....Options should be played only with very strict stop losses..happy trading ..cheers.

WEAK DAY

Markets opened weak and after a few attempts seems to give up completely in late trade to retest recent lows, it can go lower from here if it quickly does not recover over 2700 and move up..2650 will be a area to watch below 2700 for some support, resistance now is at 2760-80 zone. buying was lacking completely in trade today..trade carefully the next few days..cheers..