STILL HANGING ON

Markets are just about hanging on to then gains..& 4800 was held in close..Bulls are finding the going tough & the climb up is laborious..The market postion as to close today is NEITHER HERE OR THERE type.. This small range may break soon in the next few days & the move can be fast and furious..( hope all noted the levels posted in the chart in the morning)..Do Trade with care and Sls in place..( Despite a small range a decent gains for swing traders),,,,enjoy the day cheers.

WEEK AHEAD

Markets are soft all over..4800 zone is the S/R of this week with 4600-5000 as the app. range for the coming week..

As can be seen from the above chart , we are in a upward sloping channel over the last few days/ weeks making higher highs/lows..The above channel chart shows a tentetive target of 4950 above which we can rush to 5300, Break & close below the of the lower channel ie app. 4650 for a few days will end this upward move..Enjoy the day and trade accordingly..cheers.

INSIDE DAY AGAIN

Markets are closing over 4800 levels for the 4th straight day..After making a inside day again today its closed towards the high of the day, indicating a certain amount of bullishness for the week ahead.Cross now of 4890 can easily take it to 4990-5000 zone , as in last 2 days it has jerked the weak hands a few times..Area to watch for support or stop loss for longs now is 4790-4800..This has been a good swinging week..enjoy the weekend ..cheers.

WEEKEND TRADE

Markets globally are taking support at key levels to make small bounces back..( liquidity)Selling at higher levels is quick ..the range still is 4780-4880 (+/-50 points) as of now...I will advise booking of profits in every rise , to remain in cash for a while in investments.., trade intraday only so as not to be caught in any sudden moves either way..and to wait for a good dip to get in..enjoy the day ..cheers.

VOLATILE DAY

Markets today again moved in a range 4800-4900 ...Lots of feed coming at highs..with ADVANCE BLOCK as the day candle..Any longs should have a SL of 4780 in close..Reaction area now becomes 4880-4920...be nimble footed and trade w/o emotions in the coming days ..This is again a classic SWINGING DAY..enjoy the day cheers..

POSITIVE ALL OVER

Markets are in a positive frame again globally specially Asia..4880-4900 is the watch area cross of which markets can have a fast upward move..RIL just about started moving ..keep a close eye on that for trade ahead in coming days....I still feel caution should be used here and trades taken with strict SL..4780 and 4740 below that could be the support to watch..enjoy the trade cheers.

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