VOLATILE TRADE

markets moved in a volatile way , both ways giving nimble traders gains either way.Todays rise up was on the gains of RIL, kept going up-up..What happens when RIL unwinds..????? any guesses...markets never broke yesterdays low 2914.50 or the top of 3017.40( making a inside day ) and now is going up to test the tops or maybe move over that .... what is to be seen is how /where markets move after the settlement , that will set the short term trend..we are overbought and thats something we cannot deny ..trade light in the direction for tomorrow....enjoy the day ..Cheers.

SETTLEMENT BLUES

Markets made massive moves in last 2 days surprising many with it ferocity either way..These are typical BEAR market moves. We are in the settlement week , and there could be volatality in next two days.. 2930-2880 provides some support to the nifty and 2980-90 resistance. Any rise again to the top will bring sellers now..trade light and buy in good dips..cheers.

REVERSAL DAY

Markets pleased to deceive..(OPEN TO CLOSE WAS NEGATIVE)Despite of all bullish calls, I had given reaction levels around 3020 zone for targets of 2880-2850.. lets see where we reach below 2930..The unwinding in a vertical line was expected with this ride up in one direction....Hope people had booked all longs ...as markets were overbought and waiting to react..where does it go from here..settlement will be volatile stay with the trend..enjoy the day..cheers.

UPBEAT ALL OVER

Well markets done the unthinkable, gave a stupendous rally in total disbelief..what a change in sentiment in 2 weeks time..So what next..Time to get serious..book your profits around todays open ( 2970-80) or a little higher at maybe 3020 zone..We have moved into overbought zone so be prepared for some profit taking, buy in good dips..( This is a typical bear market rally)...remember we will be 450-500 points up in Nifty in this rally. suports lie in 2880 and deeper at 2840 zone ..enjoy the day..cheers..

GREEN ALL THE WAY..

Markets gapped up and just about decided not to relent and kept creeping slowly up till a late surge,maybe when big bears threw in the towel after days of anxiety..I hope people remember my post 2 weeks back when i asked all not to listen to the noise by these dooms day guys , but start collecting the shares they like as prices are too good not to traded in..Hope these guys had not put their money where their mouth was , otherwise they would have been wiped out in puts/shorts by now..
Any how time to be cautious as targets of 2950 already hit..One can expect reactions anytime in the coming days..Do book whats in profits in longs/stocks..enjoy the day..cheers.

POSITIVE ASIA.

SGX nifty and Asia is trading in the positive territory thereby any close over 2810 today will be 3 days close over 2800...Is it good for the bulls for a move upwards..I will watch this carefully before commiting on either side..2775 remains S/R for this week..The chart posted during weekend can be used for the range & possibilities..enjoy the trade ..Cheers.

WEEK AHEAD

2800 is emerging as S/R zone for the coming week...The chart above is self explanatory with the ANDREWS PITCHFORK/SPEEDLINES targets with Bollinger Band giving holistic range..Take your call with the trend with strict SL, as it will be the settlement week and volitality will surely be a companion...Hope this helps all visiting my blog..cheers..

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.