SURGING AHEAD

Markets opened higher and frenzied short covering took it zipping away in no time...Please note markets have crossed the OLD SWING of 4649( August 08)...and closed over it..( FROM YESTERDAYS LOW 300 POINTS PLUS) Markets will always remain bullish over this level...The NEXT SWING or swings over this are far away..The intraday unwinding also was quick & swift..so care should be taken in longs in the next day or so..enjoy the day ..cheers..

BULLISH STILL

First of all thanks for the response to the TRADING SYSTEM I posted.. Will try to reply as soon as possible with details..
The markets closed at threshold of 4550 again yesterday..Asian markets are positive..We should watch 4590-4607 closely over which 4650 again become a top. Supports now lie at 4510 app. levels.Plainly speaking Its becoming difficult to say what will happen tomorrow..The WHACKS are HARD, sudden with surprise..so are the recoveries..This will end on one side one of these days..When & from where who knows..Be a intraday trader & play the range..its 4400-4600, +/-50 points right now.. enjoy the day ..cheers

TRADING SYSTEM CONTINUED

This is the follow up of the trading system we posted a few days back that we use As INTRADAY TRADING SYSTEM. Kindly notice the ease of going short from friday and long in the morning today..Good gains/profits as markets are giving good swings, and the trade is without any heartburns & in the direction..( Friends wanting to take trades in NIFTY FUTURES & OPTIONS without any hiccups or pain .. can Email or chat up with us.Hope this also gives the ansto all the friends who have been enquiring about our daily trading system. and calls )we use a few more charts for daily and positional trades..

Coming to the markets well it did take support app. at the area i mentioned in the morning ie 4365 , halted/turned and then went strength to strength crossing 4450/4509 closing over 4550..Where it heads from here ..well the next few days & global cues will tell..enjoy the day cheers

A GOOD JERK

Money making had become VERY easy, and the JERK was round the corner( BABY BULLS WERE VERY EXCITED..SMART BULLS TOOK PROFIT) the huge bullish calls were in the AIR..... The fact is within a day we are 250 points away from the top of FRIDAY afternoon...GLOOMY ..As falls are fast furious also who knows where this will end..Pls.. note that failure to cross 4509 will confirm that the correction of the whole move has started..small supports lie in zone of 4360-80 zone & resistance for the day at 4450....enjoy the day cheers..
PS: hope friends remember the fibonnaci sequence footprint i wrote about a few days back.

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..