BIRLASUNLIFE's INVESTTIMES

Feburary issue of BSL'S INVESTIMES..This article is on MACD.
http://www.birlasunlife.com/distributiontsetIMS/new/Investime_Feb_09.pdf
page43.

TAXING MARKETS........

This is the 2nd day close over 2800 and by doing nothing markets is just about testing the patience of investors/traders everyday..( remember my morning advise , do nothing enjoy the weekend)..another INSIDE DAY today..WILL WE BREAK THIS DEAD LOCK....lets look over some charts/technicals over the weekend for some cues..enjoy the weekend..cheers.

PS: Anyone wanting to chat regards our call service can do so tomorrow morning at my yahoo messenger .

WEEKEND BLUES

So whats up for us today..it seems FII have been holding /guiding the markets in the last week or two, and slowly but surely markets hanging around 2800 zone. There is resistance /feed here but also a feeling that any sudden buying could make markets rush towards 2900 towards the settlement. The markets are tad overbought but can still go up, shorting as proved before also could be a heart burner..so what should one do..either enjoy the weekend and let others decide or trade very light and in the direction..The range(2836-2756) will break thats for sure..enjoy ur trade..cheers.

INSIDE DAY

We made a inside day today , foxing & confusing most traders as markets are not showing their minds & directions .., but they are rewarding the people playing with fundamentals and technicals..Its been a nice good ride from the bottom and the intraday volitality is paying us RICH DIVIDENTS DAILY......Thats why its important to trade with technicals without listening to noise etc..lets see which side the markets break out from these levels..the ride will be quick 80-100 points..enjoy the day cheers..

PS: ( any friends who are confused, loosing money on their trades,due tofree calls/free techs etc etc are welcome to join our service to relax & earn in trades..)

STEAM STILL THERE

Global cues are propping markets at every sign of any weakness ( harrowing times for ppl. trapped in shorts from down under). If the market is consolidating in this zone , then a sudden spurt can just about cross 2836 top made and move towards 2920 zone..supports still lie in 2740 and below that at 2660 zone.. Trade with the trend & ur mind , not with emotions or noise...cheers.

STRETCHING IT

Markets are just about inching up everyday and then unwinding a little..the 2810-30 zone is where it traded and reacted from..these are overbought zones and reactions/profittaking shoul;d be expected in this area.Can we buy the dips ????? Can the markets trade further up till the settlement..next few days trade will give some idea about this..as to now 2740 and below this 2660-2680 provide very good support for a further upmove..enjoy the day..cheers..

TRADE AHEAD

Markets have entered the confusion zone where traders are not sure which side of trade to take. The range of yesterday was 2738-2805.It could just about be a INSIDE DAY today..So maybe trade light ,in direction with small stop loss, so as not to be caught on the wrong side of the trade..& see how it fares ..We are a TAD overbought and some unwinding can take place on further rise..enjoy the day..cheers.

PAUSE DAY.

The continiuos rise finally halted at 2810 zone invoking profit taking, Markets still not showing weakness as yet as it took support at 2740 zone ... Any breach from this levels only will start profit taking with supports at 2660...Shorts/puts initiated /yesterday today yielded good profits. enjoy the day..cheers.

REALITY CHECK

Market is poised to take a reality check soon on this upmove.Expect some softness, lets see where it holds for any more upmove..Resistance are in zone of 2810-30 and Support at 2737 zone below which we go all the way to 2660-80..Book your profits and maybe buy some dip ..enjoy the day Cheers.

SECULAR UPMOVE

Markets just about have dissipated all the gloom & doom in the last few days..THE HUGE WAR CRY OF BREAKING LOWS BY MANY EXPERTS JUST ABOUT GONE ALONG WITH THE PUTS OI.....(MARKETS MY FRIENDS DID GO AGAINST THE MASSES.)..Well is the worst over, maybe not ,but a lesson from this for traders is markets never fall in a straight line..it did unwind its overtly oversold positions..Hope friends did book their stocks bought down & F N O longs today( We did book most longs now)..We have almost reached the reaction zone around 2810.. , lets see how it fares in the next few days..enjoy the day ..cheers.

WEEK AHEAD

Markets after taking support at 2500 zone moved up, and are moving towards 2750-2800 area.. (keep booking your profits of longs/stocks as we go up )weekly stop reverese should be 2660 for any longs..break of which can take the markets all ther way to 2590 area again. Global cues may define the path ahead in the coming few days/weeks as results season start sometime next month and we go straight into the elections thereon..enjoy the trade ..CHEERS

RALLY CONTINUES.

Taking supports at low of 2537 and helped by global cues and oversold positions, markets slowly but surely has crossed the threshold of 2660 to move towards 2750..this has been almost a gap ups , non volatile rally with the NF discount finally easing off..( HUGE SHORTS SQUEEZE, PUTS JUST ABOUT BUTCHERED)....Good profits overall for the BRAVEHEARTS who dipped into select stocks at the bottom last week...lets see over the weekend as to how next week pans out ..cheers..

SURPRISE AGAIN

Markets world over again have sprung a surprise so as to unwind the oversold positions..Hope friends visiting here would at least not have shorted even if they did not buy select stocks..Well as ppl. who bought stocks can start posting profits as they come today& next week...2700-2750 can be a resistance zone.supports lie at 2584...(AS MENTIONED HERE MARKETS GENERALLY GO AGAINST MASSES ..this is a real eye opener,for put buyers/shorters...)..enjoy the ride friends..cheers..

NERVOUS STILL

Markets still are carrying lots of nervous energy with them, as every attempt to close above friday high resulted in selling..The range is 2550-2650, break either side should give a quick100 points move..trade accordingly..cheers.

CATCH UP

As SGX NIFTY suggests we should surely play the catch up game on opening after 2 days of holidays..2660 NS is the resistance zone over which we can trade all the way towards 2700-2750..supports lie at 2585 zone.( see the SPEED LINE CHART posted yesterday)Its very important to watch the US MARKETS in the coming days to see whether they hold/break or make a higher low, This will give us some idea whether we will hold our lows(2530) or not & also if some kind of a BEAR RALLY is lurking somewhere in the background...enjoy your trade if long..cheers.