PEAKS SCALED

Nifty has finally scaled the old highs today , The rise was quite slow and laboured until Europe opened..markets will now try to move up further towards their targets of 4850-5100 ..supports lie at 4670 & deeper at 4580 zone..trade in the direction in the coming days with very strict stop loss..enjoy the day cheers..

WEEK AHEAD

Markets are poised to scale higher this week & Nifty is expected to cross the old high..Sensex did it last week..Weekly S/R is placed at 4576...with the range being app. 4300-4800 for the coming week..enjoy your trades ..cheers.

MONTHLY TECHNICALS

Sensex has crossed the old high and Nifty may cross it this week..Momentum is in favour of the bulls still..Monthly INNER range is 4100-4900 with 4400 as S/R...( WEEKLY S/R is 4576) Where does it leave us now..Well we complete 5 months of this rally this week from the lows of the March, The party has to end sometime .from where ????? who knows..My advise is, just follow the charts and the technicals and keep very strict SL on your long positions for any sudden reversals in coming days or weeks..enjoy the weekend ..cheers..

ROCKING STILL

Markets after a good move yesterday, just about gapped up and moved towards the old highs..Sudden unwinding must have unnerved the participants specially after it did not cross the highs of the days after struggling for a while ,,,July ends on a good note and August could be a different ballgame...., no point breaking ones head on levels etc ..best is to enjoy the weekend.. cheers..

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NEW SERIES

Seems after knocking the breadth out in the last 2 days , the new series is starting today with a good thumbs up as per global cues available , crossing the barrier if 4600-4610 with momentum which it picked from below..Shorts of last 2 days trapped for the time being..Wait for a dip to get in, in case it holds,,markets now may be heading now for 4700 and above if they close over 4600 for a few days..enjoy the day cheers.

GOOD SETTLEMENT

Markets just about took & moved in the range i had written in the morning update..4480-4530 & then the breakout on either side of app. 50 points ..Longs taken at lows rocked today...What next..Well Markets after jerking the weakhands are back to yesterdays levels & are poised again to cross the threshold of 4600 zone.. will they?????? ..who knows ..Turnovers are high , on both rising and falling days..which shows uneasiness in the participants..Trade with care in the coming days and in direction..enjoy the day cheers..

SOFT CUES

Markets gave the wild swings yesterday, in both the directions ...and covered a lot of ground intraday ( gave ample opportunities and monies to savvy intraday swing players)..cues are soft, we are in settlement day..not much should be expected today..range could be 4530-4480 break either waycan give some 50 points ..enjoy the day.. cheers..

HEAVY JERK

Markets just about gave the long awaited JERK .. It was all there for everyone to expect as the rising wedge was not breaching the 4605 zone again & again..The SHORTS rocked and so did the LONGS..4530-4600 zone was the trade area Breach either way giving a quick fast 100-150 points run( Pls. read the previous posts for the trading range)..4420 seems to have provided some support & 4530 is now the resistance now..only cross & close above of this will provide some relief for the Bulls..enjoy the day cheers..

WEAK TODAY

Markets all over are weak today..We may go down once again to test lows at 4530, breach of which can start the slide this time....Holding the lows could propel markets back to 4600 zone..cross of which can start the upmove..It will be tough to take a call but buy in dip where markets stabalise with strict stoploss could be a stratergy for next 2 days..enjoy the day cheers.

STALLED MARKETS

Hope all friends visiting the blog could see the chart posted in the morning giving the range of 4600-4610 as the critical levels to watch....we stalled there twice today and slipped from there....A very good intraday trading market again today... whats emerging is 4530 is support zone and 4600 as resistance zone..break of this range will swiftly take markets 100-150 points in either direction..Pls . bear in mind that in the last leg of any rally the small /mid cap stocks fly all around..so keep a eye on them for any signs of reversal in the coming time....enjoy the day cheers..

MARKET FOOTPRINT

The Intraday chart posted above is self explanatory..4600-4610 zone is emerging as the Key zone of this rising wedge..Take trades as per above trading zone , in the direction and with suitable stoplosses..As we have settlement in 2 days ,wild swings can be expected too..enjoy the trades ..cheers..

SOFT DAY

Markets behaved as they should, not doing the expected but trying to jerk of the weak hands again, ..4510-4610 is a zone of trade..cross either way will give the long/short trade in coming days ...trade accordingly & with very strict stop losses...cheers..

WEEK AHEAD

Markets all over Asia are positive and our markets too are responding to the same.The range ahead for this week is 4650-4700 around on the higher side and 4450 -4320 on the lower side..4510 should be taken as S/R for this week. .. Trade in the direction and keep posting profits on longs when you find the markets stalling ahead....enjoy the day & the week cheers..

POSITIVE DAY

Markets just about absorbed the supply and turned back from the support zone of 4510..closing almost at the top of the day..RIL results after the market hrs. will define which side we are heading in the coming days..markets are struggling at higher end,and need some global or some other push to take it over 4610..this week has been good for us ...enjoy the weekend..cheers..

GLOBAL TANDEM

Global cues have been pushing the markets last many days..Rally from 3900 zone has been fast furious & w/o any significant break..Are we heading towards 4650-4680 zone..???? cant say , as market tends to spring surprises on participants and goes against mob sentiments, keep taking home your profits as we climb higher...4380 will be providing good support below 4510 now..Trade in the direction..cheers..