RALLYING AGAIN

Despite weak global cues our markets are just about charting their own path..app. 4330 is where they took off in morning trade and then finally zipped to 4430 zone , closing at the top of the day..What Next..?????? well let the Event unfold & the market participants will show their hand ..Seems volumes/ positions are very light and markets will finally look inwards into into the technicals and fundamentals now going ahead..enjoy the weekend..cheers..
PS: will try to look into some levels we can do this month going ahead and post those charts during the weekend.

WEAK GLOBAL CUES

Glabal cues not withstanding, we here are unwinding quickly on every rise to near 4400 zone..There are Right now no cues for any upmove from anywhere and mostly cues are pointing towards a impeding correction sometime ahead... (except something exceptional in the BUDGET for some more Indian markets runup)..watch 4400-4430 zone for breakout and 4250-30 zone for a breakdown....4330 emerges now as a neutral zone..enjoy the day..cheers..

EVEN STEVENS AGAIN

Bulls & Bears are into a sparing match these days ..giving huge volatality resulting in INTRADAY SWINGS..Range is still 4250-4400 till budget..it will break the range one of the days soon..Another good trading day..enjoy the day cheers..

WAIT & WATCH

Two more days before the budget, Market may just about do nothing for the next 2 days and move around in the range ..4250-4400 now and then take a call..Take lighter positions & avoid deliveries to let the event go by..& then go about in the direction of the market..The volumes are less which implies low interest in participants ..Play the swings ( they are there in plenty everyday now) enjoy the day cheers..

SWINGING MATCH

Nifty gave a huge swinging day today close to app. 460 points..Great gains for all techno traders today ( All our CLIENTS went home grinning with good profits today)...As written in the morning we are in range of 4250-4350..breakout/in expected from this range soon..Trade accordingly..cheers

MONTH AHEAD

Another signature of Monthly lower close took place yesterday, so lower settlement & monthly close. the S/R for JULY MONTH should be around 4400 with a Trading Range of 3900-4900..Momentum stocks bore the brunt of unwinding , range on lower side got breached yesterday , so for the day look at 4250-4350 range..lets see how markets move in the coming days..trade with the INTRDAY TREND..with strict SL will work..enjoy the day cheers.

TOUGH DAY

Markets pleased to deceive today by not sustaining 4400 NS levels and the slow unwinding took its own time bringing the markets down to the support zone of 4250 app.. So what do we have now..close of today is at 4290 ( We are now testing the lower range of 4300-4500) any more fall from here can take us all the way to 4220-30 zone again..resistance now lies around 4340 zone ..Trade with care in the coming days in case 4220 breaks ..enjoy the day cheers..

RANGE BOUND TRADE

Global markets are positive, Range for us is set at 4300-4500..the bias is towards the positive side as of now ( 4250 support held well a few days back ), Swings will be available to savvy traders for good intraday gains..Trade accordingly..cheers

EVEN STEVENS DAY

Markets just abt. kept the consolidation mode today giving away nothing nor gaining anything ..The morning dips bought into & late afternoon sold off quickly..4450 will remain a feed area above which is 4510..supports at 4290-4310 ..It was a great trading day again, which gave sufficient gains due to the Big Swings Intraday..Volatality will surely be the key in the coming days .take care enjoy the day..cheers.

WEEK AHEAD

Markets took support around 4250 zone and rallied from there after FII buying came in..4300 zone is S/R area for this week with targets around 4430-50 to start with. A Event is again there by the coming week of the budget & cross of 4450 can take the 4550-4600 zone again..& break of 4300 takes us all the way to 4150 or below..Trade accordingly cheers..

SPECTACULAR RALLY

Markets just about discounted every thing..(FII selling , bad moonsoon etc etc ) to move slowly but surely from supports of 4250 zone ..to the resistance zone of 4405-4450..with supports now at 4350 and 4290.. 4290 is turning out to be the key area for short term traders to trade..Shorts did get caught today , and their covering kept taking markets higher...Very interesting turn now ..we are close to last months close of 4446 and 2 days trading still left..enjoy the weekend..cheers

NEW SERIES

June series closed on a negative note..FIIs still net sellers everyday..Every rise is being sold into now..For today range..look for 4280-4290 on the higher side and 4220-4200 on the lower side ..Markets may move in a narrow range before they make a move..use 4250 as S/R..enjoy the day cheers..

SWINGING MATCH

Markets almost took to the range 4250-4350 as mentioned by me, Great swinging day again, though markets did nothing for most part of the day after open7 the initial slide , Till the last move down..( we too did nothing after the intial trade due to the very narrow range of the market , today seemed to be a rest day ..)The point to be noted here by techno guys .. is that we are closing BELOW LAST MONTHS settlement of (4337) & may end up closing below last months close 0f (4448).. too..This has happened after many months and does have a Technical signature ....lets look deeper into this over the weekend..enjoy the day ..cheers.

SETTELMENT DAY

Markets tested low around 4220, made a higher low to 4143 , moved on to close at app. the high point of the day..( swing trading worked well again )..Retracements were to take us to app. 4400 zone over 4290....4290 is the zone to watch again for support while resistance being first at 4350 then at 4405 range..Last trading day could be volatile so Trade accordingly..enjoy the day ..cheers

MARKET SWINGS

Today again the Markets gave very good swings UP/DOWN/UP..giving ample opportunity to techno savvy traders to go in BOTH DIRECTIONS and take good gains..Well 4220-4300 was the App. range of the day and the market just about did that..The range may extend to 4250-4350 now..enjoy the day cheers..