INDIAN UNITY

Seems we Indians have great unity , we just followed our T20 Team today( spiralled down )..Unwinding was the key, though RIL being soft added to the fall..We did take a support near 4510 and bounced back some good 80 points, to get a huge unwinding JERK again..Well the Market today again was a traders paradise..with a TWO way SWING's..Both BULLS & BEARS went home happy..Below todays low 4400 area is a watch area.enjoy the day ..cheers..

STARTING SOFT

Cue's not very encouraging..( Indain T20 Team too hit the dust)..Weekly range could be 4400-4750, Profit taking on every rise will be routine ,,,,4510 is a support zone to watch..Can it still be in a range bound intraday swing like days before...Maybe yes..but be very careful of the sudden JERK which can happen both ways...The size of the DIPS will be the cue to markets ahead..watch that and VOLUME/TURNOVER closely this week's for Trading stratergy..Happy trading..cheers

FANTASTIC TRADING DAY.

Once again markets gave a Perfect Intraday Trading Day..( Our Clients went home into the weekend with huge smiles)..On the cue markets started selling off near 4700 top & stopped somewhere near the 5 SMA..below 4600...As i have been saying its become a traders paradise with Both way Swings ..Markets are nervous and volumes downwards are higher than upwards..also falls are now becoming faster than the rise..Lets see how things pan out globally..till then enjoy the technical intraday trades & profits..enjoy the weekend..cheers..

FLAT CUES

Markets globally are just about flat, not getting enough inputs for further rise on these heights..QIP's are in place....Trading these days is (good fall quick buy& sell) ..range bound ..Todays Range to trade could 4600-4700 (+ _ 50 points)..INTRADY TRADING is KING right now..enjoy the swings and make money till this lasts..cheers..
PS.: A major star turns retro next week..lets see its impact..

CONSOLIDATING

Markets did just about the consolidation game, with the CLASSIC ..JERK ..of the heights.. What next..app 4600-4650-4700 range is set..nothing much to do except ride the breakout , and in the direction....Care should be taken while trading in coming days to trade with strict SL...enjoy the day cheers

CONSOLIDATION AHEAD

Markets should take a pause after 2 solid days of gains..Some unwinding did take place yesterday at the peak..4740 is a watch zone over yesterdays top and 4610 as support..Market may trade in a band for a day or so and then see ahead from next week..Caution is advised though MONEY & MOMENTUM has made a MOKERY of all fundaments & technicals so far..still use technicals and play intraday ..enjoy the day..cheers

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..