SWINGING DAY

Markets just about went into a swinging - jerking mode and shook all weak hands..( Non technical players could have had stoplosses on both sides)Great gains day today for INTRADAY CHARTISTS and TECHNICAL PLAYERS....Range still remains 4400-4500 (+/-) 50 points as of now..enjoy the day..cheers.

WEAKNESS ALL AROUND

Global cues are weak, we may again retest the recent bottoms..and if held can be range bound in app. 4400 -4500 zone. We can drift downwards in case these supports are not held..( range given in previous posts)..Trade with care and with strict stop losses...cheers.

SPOT ON AGAIN

Markets just about took support at key support levels ( 4400) in morning ,& moved up to the 4510 resistance area to sell off again , making a higher low in the process in INTRADAY charts,,, The range now is 4400 -4510...break either way will be 80-100 points ....Very good day for swing trading again today..enjoy the day..cheers

SOFT CUES ALL AROUND

Markets just about halted yesterday at key support levels, Institutional selling still there..In absence of global support , Markets can just about keep trailing down what with fears of Moonsoon debacle etc also being there ..4510 again emerges as a resistance point ..4300-4320 zone should provide ample support in case we drift down...enjoy the day ..cheers

SPOT ON

Hope all enjoyed the Levels /Range given by me in the morning..4560 S/R & 4390 minimum support..( Markets just about gapped up there & and stopped at support at end of trade)Today was a good day for swing and technical traders in case your were trading the directions..Markets are a bit oversold in intraday charts, so be careful of shorts for tomorrows trade..enjoy the day... cheers.

WEEK AHEAD

Markets globally again are in positive mode, we were Tad Oversold and will also gap up as SGX NIFTY suggests..4560 is S/R area for the coming week with 4390 to 4650 (+/- 100 points) , as a minimum trading area.. Be careful in the coming days as now the weekly/ monthly charts are also in overbought zone and more unwinding can be there at every rise....enjoy the day ..cheers

FIRST ANNIVERSARY

I am pleased to inform all friends visiting here that we have completed ONE YEAR , today of blogging TWICE a day on working days & also weekend musings... I would like to thank all of you for visiting regularly my blog...The journey for me has been self learning and good as i have been trying to put market footprints ahead of the day/week/months trade for all the friends visiting here.. Hope this has helped all in some small way to improve their trading deals and skills..The visitor tracker installed below at october2008 end displays over 62,800 visitors as of date..I will try to keep updating the blog till i have the time or will to do so ..anyhow keep visiting & recommending this site to your friends..cheers & thanks once again..Rajan Bhatia.

SELL OUT

Well friends , this is the sudden jerk which was expected & I had been suggesting..The range of 4730-4630 got broken on the downside for a quick 100 points & more ride down this time( Do check my post of 4th & 6th)..Hope all benefitted by it..All those who cashed in at the top can look forward to reentering sometime ahead ..Where does this stop & where are we headed..will try to post some chart regards the path ahead over the weekend..In the meanwhile lets enjoy the weekend ..the week gone by has been quite good..cheers.

SOFT CUES

Global cues today morning are soft( following us )..We will also open down as SGX nifty suggests, Lets see where markets take support & to what level it retraces in the coming days for us to evaluate where we are headed in the coming weeks ..The Bulls expecting 4850 and above must be very disappointed at the sudden turn & sell out yesterday..Well thats markets my friends..Trade with care as we are far away from 2539 levels of March.enjoy the day cheers.

JERKING DAY

Markets pleased to deceive..trapping the Baby Bulls ...The fall was hard , straight , unrelenting due to continuous triggering of the Stop Losses..Technical Chartists would have seen huge Negative divergence in Intraday Charts ..and after booking longs would have gone short or bought puts..Frankly this Quantum of fall was not expected..( 180 points Nf) ..weekly S/R got broken ..supports lie deeper at 4500 around zone..lets see how the global markets react tonite..enjoy the day cheers..

SOFT CUES

Markets globally are soft, either consolidating or just waiting for some cue to take the next move..4630-4730 is the range as of now..break of this zone can take us at least 100 points quickly either way..enjoy the day cheers

UNSURE MARKETS

Markets just about pleasing to deceive..succumbing to profit taking/distribution which is going on everyday ..Only cross & close over 4730-4750 zone can we expect a move up to 4850-4900 zone..Kepp 4650-60 as SL of any longs ..enjoy the day cheers.

RETESTING TOPS

Markets hardly unwound globally & are making new highs slowly ...After the small jerk of yesterday , markets will attempt to cross the top or go higher today..Watch 4650 closely for any downturn..the Pace/Volumes are lower as of now..So take trades cautiously maybe on lower scale to protect yourself from sudden movements..enjoy the day cheers.

PROFIT TAKING

Markets just about unwinded today on global weakness to see/test the lows, shorts got the opportunity to cover...so where & what will we be doing..I think maybe just about nothing.. any Rise from here on may be used by long guys to unwind..Close over 4780-4800 only augurs Bullishness for higher levels..failure to cross will invoke good profit taking..enjoy the day cheers..

PATH AHEAD

Markets have crossed the last threshold and can surge ahead to key area of 4800-5000..Fact is momentum can take us to any heights now..CAN IT DO IT..????? why not with the liquidity floating all around the globe , thats what is needed to Tango..( All Commodities rocking as of now) Also do keep in mind the factthat the biggest JERK usually comes during Euphoric Phases..I will be optimistcally cautious in the coming days....enjoy the trades..cheers.