ANOTHER RANGE DAY

Markets again halted close to 2750 zone to recover with short covering..we have closed below 2800 & if not crossed and close above that we can expect some more slide downwards..These days due to tight range maybe more sl's will be hit than profitable trades..trade with care and watch the range break..cheers..

RANGEBOUND

Markets just about doing nothing, making small moves up/ down now waiting for something to happen for it to take a decisive move..range 2750-2850 still..All should note one fact here that the fall from 3147-2660, we have not crossed 50% retracement so far, despite many days gone by ..Trade light and with care..cheers..

STILL IN RANGE

2750-2850 is what the markets are moving around in..Something is required to trigger the move beyond these levels..the breakout would be fast furious.. The markets are daily closing almost near the lower end everyday , if we are seeking any cues..lets see whats in store in next 1-2 days( no point in wasting time , energy guessing where it is going or headed for , trade small and remain flat at end of day , start again the next day is best way to trade this market.) long term MOVING AVERAGES are flat...enjoy the day.....cheers..

HOLDING RANGE

Markets held 2750 and will look up in the range again as all cues are positive in US and now Asia.Area to watch is 2813 ,over which markets can quickly move towards 2880, below will still be supports at 2750..Trade accordingly..cheers.

vOLATILITY CREEPING

Had mentioned before that both bulls/bears getting nervous now in the range which they have set..2750-2850..someone will BLINK..be sure then that you are the right side of the trade..markets moved slowly and grindingly up thru the day to register a quick unloading in the last 1/2 hr and then some shortcovering..where do we go????? ..This week will surely unfold the underbelly of the markets mind..The range expansion can give a quick 100 points on either way..trade with sl's..cheers.

CONSOLIDATING

Markets may consolidate in the range 2750-2850..The falls /rises are slow tedious and sudden volatile movements missing..It is testing grounds both ways and bulls/bears pulling out quickly after locking their gains. The range expansion will come..watch the trend unfold..watch 2807-2730 range for today in NS.Cheers.

PROFIT TAKING

Markets failed to cross 2880 again , went into a sell mode right from the opening and shorts opened up below 2820 levels..The falls are slow and tedious and most day one does not realise that the market is slipping..its almost at a support 1 lets see whether it drifts further with global cues tomorrow..hope my advise of looking at 2880 carefully helped all again..cheers..

WEEK AHEAD.

Watch 2900 level for your trading in long/shorts for the week ..for today supports lie at 2820-30 levels and resisatnce for the day over 2880 could be 2910-2930..A move maybe coming which may move markets quickly 200-300 points either way..Trade the trend as the monthly techs have already been given during the weekend....cheers..

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..