WHATS HAPPENING

Markets just about moved away from the 5000 zone before last settlement...5000 puts of JAN OI got built up from there on( It should provide support in some serious selling)..5200-5400 Options OI build up then onwards..By keeping the market in a range , The option buyers are on the wrong side of the trade as usual as on a daily basis the options will shed the value..A few more days around this zone and someone makes good money in Option Writing..keep booking as we go up..wait for good dips to get in...cheers

RESILIANCE

Markets are showing strenght based on FII inflows..5300-5400 has multi resistances from the past..Keep booking profits as we go up ( mid small cap stocks moving)....5180-5220 should provide supports from here on..enjoy the day cheers.

POSITIVE CUES

Markets after staying over 5200 , will be reaching 5300 & around due to good global cues. The jouney from 4900 zone will be 8 days today. Start booking profits in your positions and wait for dips to get in again, as we will move into resistance zone from here on..enjoy the day cheers.

MONTH AHEAD

Markets ended 2009 on a high note..2010 could turn out to be another cup of tea..So what does january hold for us.5150 looks to be the S/R ZONE with a range of 4850-5450..Markets should be giving some good moves this month..One has to be patiant to identify the trend..enjoy the trades..cheers

GOOD SETTLEMENT

Markets did the final settlement for year 2009 at 5200 around ...thats what the call was in the morning in this blog..Hope all have enjoyed visiting the blog this year & once again wishing all a very happy and prosperous new year..cheers.

HAPPY NEW YEAR

Seasons greetings and wishing all visitors a very happy and prosperous new year..We may be starting at 9 am from 4th january, so a lot of morning rush for getting ready for the day etc..Regards today trade 5200 is where this market can settle..5150 -5250 is the range..enjoy the day and the coming holidays ..cheers.

WAIT AND WATCH

Markets hovered around 5200 , just letting some profit taking to take place..Range seems to be around 5150-5250..trade that ..enjoy the day and coming holidays ..cheers.

CONSOLIDATING MARKETS

Markets are pausing at 5200 after the fast furious move up...Being a settlement week some amount of volatality can be expected....Buy in dip only should be the stratergy..range could be +/-100 points from here ..trade the trend..cheers

YEARLY TOPS

Markets just about consolidated the whole day to suddenly surge and post the yearly high at 5197.90...(NF posting 5209.95)..Bulls have given everyone a cheer this christmas specially to the people who are still stuck in stocks & can use this opportunity to unwind as we rise..Markets are overbought after 2 days of unrelenting surge and will unwind soon..Again buy in dips should be the key..enjoy the long weekend cheers.

UPMOVE

Markets shrugged off the weakness near supports of 4930...& gave a spectacular ride to cross 5150 again ...What Next ???? Markets will try to consolidate in the 5100 plus range (short covering will cushion the falls)to try and breakout over tops of 5182 for 5250-5350 zone..Failure again could invite some serious unwinding..enjoy the day & the long weekend..cheers.

SPECTACULAR RALLY

Well these are markets??????? ..had hoped to close tomorrow at 5050-80 zone , but market had other plans , it not only crossed this threshold of 5050-5080 but closed over 5150..Nothing in the technicals could have predicted this move of today ..Well just being on the right side of the trade or the policy of buy in dips , would have helped..(Bad Long Festival Weekend coming for people on the short side of the trade)...lets look at the Market Footprint again during the long weekend..enjoy the day cheers.

CONSOLIDATION

Markets may not be doing much...Option seller smiling as Daily OI is being shed of options..4950-5050 could be this holiday range..trade accordingly..cheers.

BOUNCE TODAY

Markets did give the much needed bounce but was stuck in the 4990-5000 zone the whole day..Holiday mood seems to be the reason for lack lustre trades..so wait for dips to buy and sell on rise..4930-5010 could be a range to watch..cheers.

POSITIVE CUES

Markets will bounce back from its oversold positions due to global cues..4980-5000 to be watched for today for resisitance. Trade light and in directions , watch 4930 in close if you are long..enjoy the day cheers.

PROFIT TAKING

Markets are still in profit taking mode as there seems to be no support coming for buying..Markets just drifted after remaining positive for sometime towards the support of 4930 area..Breach below that could cause some serious unwinding in longs..Watch that area and dont be a in a hurry to buy if this breaks ..Bounce back will face resistance at 4990-5010 zone..enjoy the day cheers.