PROFIT TAKING DAY

Our Markets went into profit taking right from the word go today..& the Bears kept pounding the market's every rise..It clearly broke the old support of 4450 to take support at 4400..Further support maybe here or a little lower for the markets to retest its strenght again.. Break of 4350 will take markets deep down..enjoy the day..cheers..

WEEK AHEAD

The chart posted during weekend of monthly candles showed a SWING of 4650 app. from before and on friday we stopped at 4636..Cross of these SWINGS will quickly move the markets ahead (4750-4800)..4450 remains strong support as of now..4600 APP. seems to be the S/R of this week..Trade accordingly..cheers..

TRADING AHEAD..MONTHLY CHARTS

The above MONTHLY Chart is self explanatory..The blue lines are the SPEEDLINES of Market movements connecting the top (2008 jan.) & a bottom 2539( 2009 Mar.)..Which is showing a tentative target of 4800..over which will be BREAKOUT..
The yellow lines ARE the Retracement targets connecting 6357-2252 NS..
The red lines are again the SPEEDLINES connecting bottom 2539- to 4636 yesterdays top .These lines show a possible retracement we may get in near future in case we are near a top..Take the trades in the Direction of the market in the coming days and weeks and hope the above chart helps all in Tentative levels markets may achieve in BOTH the directions..enjoy the weekend..cheers..

RALLY TODAY 3 MONTHS..LOW TO HIGH

Markets have completed 3 months today from LOW TO HIGH & looked to be having VERTIGO , slipping hard fast from every rise/high.. Distribution was very evident today with profit taking in small /mid caps and INDEX being held in ROTATION with SELECT stocks..So what next..Well we need influx of good funds for any move up as STOCKS now are not as cheap as they were in early March..Also MONEY MAKING from hereon become difficult with volatality setting in with nervousness..My advise to small retail investors /traders is to take a break for a few days and let the market play out..will check charts and try to post something over the weekend for trade ahead..keep visiting ..cheers..

WHAT NEXT

Markets globally are slightly positive, and as BSE sensex registered a high of 15k plus close we may see NSE Nifty too may close over 4600..Still a tight zone..and the range SET now is 4450 on the lower side and app. 4600 at the top..We will be a TAD over bought again over 4600 in Intrday..Take trades as it comes in this Trading zone..enjoy the day ..Cheers

PS: Some friends visiting have been asking for detailed reports on directions/trading etc etc. This is the best we can do on this free site..Detailed Analysis on LEVELS /TRENDS /DIRECTIONS are provided daily/weekly/Monthly for our PAID clients only..and Their funds help us maintain this site and our time..

TRADERS PARADISE

I have been mentioning last few days as to how this market has become Traders Paradise..One of the CHARTS we use daily to give our intraday calls is enclosed above , and does not need any explanations( Many parameters along with change of colours if you notice for buy/sell calls of nifty futures & options , for our clients) as anyone can see the markets turns...As the swings are big the movements are also big intraday...Hope this helps all understand the technicals of intraday trading..

Coming to our markets , well again the range trading started , it retested the lows , turned and moved back to retest highs( maybe some more juice left as per the chart above)..Right now markets are doing 4450-4590 zone..Break can rush markets 130-150 points of this range ..enjoy the day ..cheers..

CONSOLIDATING

Markets are soft all over , will keep testing their strenght & wait for fresh buying for any move up..we maybe in now for some smaller range bound trading , till one of the range levels is breached on either side..range is. 4480-4580, Technical traders, specially nifty traders are getting ample opportunities daily to trade the huge intraday movement range..enjoy the profits till this consolidation lasts....cheers..

TESTING STRENGTH

Markets are just about testing their strenght to see whether it should move up or just about unwind..Distribution seems to be the order , sectoral rotation is on..What Next???? nothing much..The range is 4480-4580..It will break either way surely soon ..till then buy low/sell high..enjoy the day...cheers..

RANGE BOUND AHEAD

Markets from here on maybe be on a consolidating mode broadly between 4500-4600, to decide on the next move..liquidity is pumping all markets ahead though valutions is worrying all the Market gurus..All seem to be riding the momentum till next key resistance and then moving ahead again despite valuations now having no meaning vis a vis earnings ...Thats the Markets for us my friends....( Same we heard around NOV-JAN 2008 before all hell broke loose)..Trade with care..enjoy the day cheers..

VOLATILE DAYS

Profit taking set in right from the word go..nice intraday correction which almost did the range I in wrote in the morning..4586-4551, nice trading zone we got of sell high /buy low, helped mainly by the technicals and the charts..Watch to trade cautiously around this zone of 4530-4600 ...some sideways consolidation and strenght test may be in offing here....enjoy the day cheers..

MOMENTUN DRIVEN MARKETS

Despite markets running on huge steam, caution should be taken at least by small/retail investers as the JERK could be sudden and severe.Keep trading but do protect yourself by playing intraday & with very strict stoploss.. Area to watch will be 4600-4620 zone , supports are deeper down at 4450-4350..Enjoy the day..cheers..

POSITIVE DAY

Markets gave the 3rd gap up, traded below the pole the whole day & finally ran up in the last hr. to close near the morning highs..4620 could be a tentative target over 4560 ..Weakness below 4510.. Most traders & Intraday players are just chasing the momentum , as no one knows when & where this party will end..follow the techs .. and trade with strict SL....cheers..

MONTH AHEAD

Markets moving up every week from March onwards ...JUNE MONTH's S/R is 4200 with a range of 4100-4600 in smaller frame and app. 4800-3800( or a little more broader range) in a larger frame.Weekly techs suggest a range of 4200 -4600, As i mentioned in my note yesterday , this week will be a very interesting week to watch moving forward( watch DOW 8600 levels closely for cues...) enjoy the trade ,but keep strict SL's. cheers

FIBONACCI SEQUENCE-FOOD FOR THOUGHT.

A very interesting FIBONACCI SEQUENCE is emerging now..
1. We are completing 3 months of this rally from March low in next few days.
2. We will complete 13th week from March low next week.
3. We complete 55 days from March low in next few days.
HUGE FOOD FOR THOUGHT FOR GUYS FOLLOWING THE TIME CYCLE ANALYSIS..
enjoy the weekend..cheers

RANGE COMPLETED

Markets just about completed the range of trading as i wrote 4100-4500..Good buying support came today also and OUR MARKETS ROCKED TODAY AGAIN....( thats why was suggesting to friends visiting here to be with technicals )So what next..Next week is going to be very interesting , lets see if we cross the last citadel or not...Its been a long haul and we complete THREE MONTHS of a amazing ride, which broght back smiles to all participants who were stuck in stocks etc..The party has to end one of these days so pls. wait for very good dips now to get in again or play intraday with strict sls. enjoy the weekend..cheers