FLAT DAY

Markets did just about nothing and the discount in the NF was still there at close..( not a good sign going ahead..)..Nifty Spot touched a technical target of 5110 in open.., now only cross close above this will augur bullishness going ahead , failing which below 5080 zone we may sell off to seek supports down below...DONT THINK MUCH about the Markets ,, it wont go anywhere.., enjoy the long weekend..cheers.

MONTHLY TECHNICALS

The month of OCTOBER starts on a high note..highest for this year...So whats this months range and expectation..4900 is S/R of this month...The range could be 5250-4750 inner range..The outer range much higher..Trade the range to start with & then see how global cues show their hands..enjoy the day & the holidays ahead..cheers..

MOVE FROM 5000

Hope visitors to my blog enjoyed the stratergy given of buy above 5000 OR sell below 5000..( 88 points it went up today over 5000)..What next ??????..who knows..Better to take profits and enjoy on the sidelines maybe for a while ..5075 is the area to watch for down side..enjoy the day cheers.

FLAT CUES

Markets are in no hurry for tearaway rally or fall... 5000 zone you watch and trade as a nimble footed trader in coming days ..It may be another range bound day today..keep your trades small & quick with strict SL....enjoy the day cheers.

DOING NOTHING

Markets opened up and stuck around 5000 zone the whole day doing nothing..lets see where we trade next 2 days..Seems bullish move over 5k & bearish below 5k...Its not a bad idea to sit aside & see what happens and take an entry at some reversal point high/low in days ahead..enjoy the day cheers

WEEK AHEAD

We open today after holidays..The week ahead has as S/R of 4980-90 with a broad range of 5150-4850..This is a 3 day trading week & can be low on volumes..We will open up as SGX NIFTY suggest and will try to climb towatrds old highs..Do trade in the direction with strict SL in place for any sudden moves the markets may give in coming days..enjoy the day..cheers.

TESTING TIMES AHEAD

Markets now move into time zone where its going to really test bulls & bears..Today was a good example..days ahead should be volatile , swinging and fun for technical traders as moves either side should be fast & sharp and anyone catching them ends up in good fast gains....4910-5010 is a range as of now break either way should carry markets quickly in that direction next week..enjoy the holidays ahead..will try to post some chart over the long weekend for seeing the direction ahead for trading..cheers

GLOBALLY SOFT

Markets yesterdaybefore close was making HARAMI BLACK as daily candle , which meant that the rise up was false( longs to be unwinded before close )..Markets have opened weak all over and SGX Nifty suggests open around 4940..supports still lie in 4910-30 zone below which it will test the old breakout zones way down..We close today to reopen next tuesday which also leads into a truncated trading week ahead..not much should be expected in coming days and only from 5th onwards some serious trading may set in.. enjoy the day ..cheers..

GOOD GAINS TODAY

Markets stopped just about at 4900 zone , the level given in the morning to run back to the resistance zone and above..of around 4990.. ( another higher settlement month )Markets now will try to retest the tops or scale over them in the coming days..supports still lies in 4900-4930 zone....its been a good series with huge swings for swing traders..enjoy the day ..cheers.

SOFT GLOBALLY

Profit taking took the better of the markets yesterday..Weekly supports lie around 4900-4930 zone..break & close below this can take us much deeper down..resistance as of now is at 4980-90 zone...let settlement be over , and then a fresh look can be taken for the market ahead..Next week is a 3 day trading week so not much could be expected in coming days..enjoy the day cheers.

UNWINDING & PROFIT BOOKING

Had written in the morning that if we dont go up ,we will trash fast & furious..despite of calls of 5100-5150..settlement ,markets just about stayed near 5000 , breaking it in the end to rattle the bullish expectations for settlement...Supports lie in 4930 zone and resistance around 5020 zone..Trade accordingly..Last few days have been good, trading wise in the swing trades..enjoy the day cheers.

FLAT CUES

Markets are flat all over..hope visitors to this blog are posting profits in their longs..Technically when markets dont get cues to go up it unwinds fast & furious to lighten up for any further upmove..watch 4990-5000 zone carefully in the coming days for such a move ..going Ahead 5075 zone is a critical area from 2007 rally break out & support ...Only beyond that will we attempt the ISLAND ZONE formed in early 2008..enjoy the day cheers..

TIRED MARKET

This looks to be a tired market , going up slowly, defying all cries for correction, riding the wall of worry beautifully...looking for some cues to move up..The area to watch is 5000 with a range of 4900-5100 as of today...trade the next 2 days with caution for sudden moves either way..enjoy the day..cheers..

MARKETS TODAY

Weekly range i posted in the post below..5000 is a watch area..trade the dips on the long side with small SL in place ..The settlement should be exciting with some volitality ahead..enjoy the day cheers..

WEEK AHEAD.

Markets are poised at very crucial levels of 5000 zone which was the R2 of september month..The weekly S/R is 4930 ..and the range could be 4700-5150 for the coming week..The settlement ahead could be a swinging match so play in the direction and keep booking your intraday positions..enjoy the holiday ..cheers.