WHERE ARE WE HEADING?????

Any guesses for where we are headed..comments welcome..""""" cheers..

ROLLER COASTER RIDE

Gap down on cue, ( good we cleared all our longs yesterday at close)struggling at supports of 2710-30 NS the whole day and a smart short covering due to long weekend in INDIA...Brave hearts who bought the sudden dip in NIFTY or select stocks would have benefitted today & later also ..Its been a continuos downside for all indexes for sometime now. Is it time for some bounce back...???????? WHY BREAK YOUR HEAD TODAY..enjoy the long weekend..cheers

RANGE BOUND NOW

We had low volumes/nothing day yesterday, maybe same again today with negative bias due to global cues..The range is still same , frustrating all participants....The Markets wont give much as we are into a long weekend going into settlement week. Options may cause huge damage with time decay so be careful..pick select stocks for delivery over the next 100 -150 points weakness.Take it easy today..Cheers..

NOTHING DAY

As explained in the morning this was to be a nothing day with a positive bias. Stop losses must have been hit both ways as the range was small..Markets are resilious as of now closed over 2754 for the second day in a row..select Stock pickings  were in profit both the days with buying on dip,  even NF & calls paid dividends...Range still is 2650-2750-2850..lets see where we reach first.( no guessing)..cheers.

FLAT CUES.

Markets are just about flat all around , trying to decide from here what to do & where to go..down to 2660 or up to 2880..Well best trade will be stay on the side and let it decide.This is inbetween zone and we r a tad oversold. enjoy the day..cheers.

MIXED DAY

Well markets just about did what was expected by us opened down to start a immediete pull back forcing shorts to cover , (OUR PRE-MARKET CALL OF BUYING 2700 CALLS/ NIFTY FUTURE /SELECT STOCKS ON OPEN ,ROCKED TODAY..)it traded in a zone the whole day and all rise were sold into..with Markets ending flat there by giving nothing away and just about unwinding its oversold positions a bit.Global cues will dictate the next few days movements..supports still lie at 2710-30 zone and resisatnces in 2830-60 zone...enjoy the day..cheers.

WEAK CUES

Global cues are weak and we too will open down and will move into oversold zone... select stocks etc can be bought here for the bounce back , as 2710-2730 NS should lend some support after 3 days of pounding..trade with care & in small qty adding to positions as the trend develops....cheers

RETESTING SWINGS

Markets had moved from 2754 and the 7 days gains reversed in 2 days..Break of 2860 took it all the way down to test the swing lows.Many price support swings lie in this zone btw 2750-2770..Hope this level holds failing which the supports shift to 2700-2660 levels ..Overseas cues can also give some fillup for a bounce to our markets..enjoy the day..cheers.

WEAKNESS ALL AROUND

Soft cues after days of huge expectations of a rally after stimulus package or budget etc fizzling out yesterday...2800-2780 area is where supports can come.. Markets has unwinded now and lets see where the retracement takes us to give us the view of coming days( watch 2880 again)..Trade with the trend as it comes..enjoy the day cheers..

MUCH ADO ABT . NOTHING

Nifty did exactly what it had to do, unwind itself from overbought positions( DESPITE ALL THE NOISE OF HIGHER LEVELS ).Friends visiting my blog would have been cautious about this situation..A move downward has just started, lets see how the retracement fares..from its support zone from either here or lower down at 2810-20.cheers.

WEEK AHEAD

Markets waiting for the event of VOTE IN A/C to get over to move forward. 2900 is the S/R area of this week with a range of 150-200 points as reactive band both ways. Wait for the event to be over to take trade.. enjoy the day Cheers.

BUDGET BLUES

Markets zipped on opening on global cues & then forged ahead on very low volumes to correct at EOD..Where next..Let the budget tell & set the course for next 2 days or so..Till then all the guys who are flat or w/o any positions ..enjoy the VALENTINES DAY.. forget markets -levels -technicals..Enjoy the weekend..cheers..

ZONE PLAY

Seems Nifty plans to remain in the range of 2880-2920 around to wait out the EVENT of interim budget on Monday..Can there be some good news for capital markets which may just give some boost to 2960-2990-3040 zone..maybe ..Failing which as we are a TAD overbought , the journey south may start..Trade low/intraday ,avoid stock longs for delivery..cheers..

WEAKNESS OR CONSOLIDATION

Are the markets consolidating in the range of 2880 range or is distribution/ unwinding going on at higher levels..Buying conviction is lacking ...markets kept testing the bottoms and closed near bottoms..( Tough markets to trade with narrow range and quick volitality)The range of 2860-2960 is being traded in now..lets see where we head in the next few days..cheers..

HEIGHT BLUES

Markets despite recovering yesterday , seems to be nervous at these levels..Asia is weak so will we be,..The markets were a tad overbought and when it does not attempt crossing of highs 2960 zone it surely likes to test lows..2860 zone was crossed after many days of struggle and break and close below that will unnerve the bulls.. Trade light for a day or so and see where we head..Cheers.