INSIDE DAY

Markets remained range bound as expected and made a inside day after the big move..the range of 4680-4880 should be looked at in short term.. RIL has helped keep the markets up in last 2 days ..Profit booking in that could augur softness in coming days ...trade accordingly ..cheers..

RESISTANCE AHEAD

Markets should experience resistance in the 4850 zone and profit taking on every rise can be expected..Some good fresh momentum/money is required for markets to cross this congestion zone of 4850-80 in coming days..Technical Traders can utilise Intraday Charts for SWING TRADING in the coming days ..range as of now should be 4680-4880...enjoy the day cheers

SWINGING DAY

Markets just about ended as even steven day between BULLS /BEARS..A quick fast jerk in last hour showed the underbelly of nervousness..specially the weak hands..No harm in taking home profits as we climb up and wait for some time to get back in again.. The range should be 4750-4850 now..enjoy the day cheers..

MARKET AHEAD

Markets gave the bullish breakout yesterday crossing the old highs squarely..the zone of 4850-80 has resistances moving ahead cross of which could give markets a sudden runup on cross of 4920..supports now lie around 4680 zone below which is 4600 zone again. Trade with care and keep booking your profits, wait for good dips to get in again in case markets hold the lows....enjoy the day cheers

BREAKOUT

Markets after consolidation last and with fridays move just about moved to cross and make new highs ..the range of 4600-4800 maybe breached on the higher side..Do book your longs tomorrow if any ,as profit taking unwinding can be expected.. above 4780 market can make a dash for 4880-4920 zone.. support lies deep down..enjoy the day... cheers..

WEEK AHEAD

Markets just about surged ahead to close near 4700 zone..4670 zone should be taken as the S/R of this week going forward..4600-4800 could be a range..Trade accordingly..cheers..

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WEEKEND RELIEF

Markets just about finished its consolidation and gave a weekend gift to belegured bulls ( Trapping the Baby Bears badly)..now we are in the range 4650-4750...for the next week..The move of today was very clear when markets held the lows of 4577 made few days back..( it just jerked the weak hands with the sudden Intraday dip to lows & then the spectacular pattern of the RISE UP..( A classic W pattern in intraday charts, see above in the chart the swing lines.....) cutting once cross of SWING top of 4650 to the 4720 zone..enjoy the weekend..cheers..

FLAT STILL

Global cues giving no clues and markets just about being flat all over..seems market participants are waiting for some directional cues to move forward ahead..Lets wait and watch also what happens in the coming days ,,,,,mean while the range of 4550-4650 is still on..trade accordingly cheers.

RANGE BOUND STILL

Markets when they are not able to cross a threshold over a few tries in hours or days ... then turns and goes to test the supports at bottom again ,to gather momentum for any UPMOVE ..or vice versa..4550-4650 is turning out to be the S/R of the Markets right now..Watch which side it breaks to pick your trades...( A nice swinging market for SWING TRADERS )..enjoy the day cheers

TAKING SUPPORTS

Market cues globally are taking supports today and so have markets opened positive..Follow the range of 4550-4650-4750 in coming days..Some amount of turbulence , jerks and wild swings can be expected in the coming days when Bulls Bears fight hard..enjoy the trades ..cheers.

RESILIANT MARKETS

Markets just about opened down and took support at 4570 zone..to bounce back to resistance area of 4640 around.....4550-4650-4750 will be a trade zone, in case 4600 is held in close in the coming days..Close below 4600 does not augur well for the markets....so take trades accordingly..cheers..

SOFT AGAIN

Hope Friends visiting this blog would have booked at top of the range their longs & must be relieved and smiling seeing the softness all around..we broke the 4630-40 support in close yesterday , which meant that there is further weakness and that the shorts will again pay on opening the next day....4560-70 is a support failing which supports lie deep down..Care should be taken in Trades and my advise is to trade the DIRECTION & not the EMOTION..Resistance now is 4630-40....enjoy the trade..Cheers.

JERKING DAY

Markets gave today the typical JERK...move up followed by quick move in the oppposite direction..Catching the baby bulls on the wrong foot..The huge fall was due to heavy stoplosses being triggered on longs..( Intraday charts had warned of the resistance & to exit longs with a clear sell signal )the RANGE given 4630-4730 is proving to be quite a handful..It tripped from about 4730 zone till the support zone which also got breached ..trade with care in days ahead and let the markets show their will & direction....enjoy the day cheers.

MOVING AHEAD

Markets after weakness seem to be moving ahead in Asia, but still range bound..Trade in the direction as 4740 again can offer resistance..supports now lie in 4630-40 zone..enjoy the day cheers.

SOFT TODAY

Despite a breakout on Friday..Markets opened real soft due to global cues & gave opportunity for fridays shorts to cover..Buying is still coming at lower levels..& the range of 4630-4730 held today...This is a tired market & only money can drive this up more .The move going forward could be (+/- 100 POINTS) above the range suggested..enjoy the day ..cheers