Weekly market view for 12-16January

As a trend of EAIB Securities, we once again saved you all from loosing your hard earned money. All other people were very bullish,and were expecting levels of 3300-3400 from nifty,but we were the only one who told you all that 3115-3148,would be the reversal levels for nifty,and exactly the same happened with nifty. Nifty reverted back from 3148,to touch a low of 2804,a massive blow of 345 points on nifty. Satyam scandal proved out to be the catalyst for the downside. All those who were long from 3100 levels,trapped badly. But our members were aware of the fall,and thus were not on long side.All those who followed us,are now sitting happily and with huge profits,and those who followed others sitting in hope to recover losses.

In the coming week, Nifty has having a major support at 2802level. If this level is breached and sustained then one must get ready to see more lower levels on Nifty &sensex. However all the global cues are not depicting a bad or negative signal till now,so if the insider cues remain neutral to positive,then we can see nifty maintaining the support level.
In the current sceanrio,it is adviced not to be on long side untill nifty maintains abv 2910 level. It is wiser to book profits in intraday trade and on whatever-whenever basis. Holding positions without any knowledge ,in greed of much gain can lead to loses. On lower side Nifty has major resistances at 2802-2740 level,any closing below these levels can lead us to 2565 levels.
In this week,we can see nifty in the range 2740-2998,any breakout on eitherside will lead to sharp movement. Members are adviced not to overtrade in current market. Trade less,trade wisely.

Nifty levels-
Resistance-2895-2965-3015-3050-3115
Support-2802-2740-2680-2615-2565
The above given levels are the major support-resistance levels,however there are many intermediate levels also,which are provided to PREMIUM MEMBERS for trading.

Stocks for the week-

• Infosys
• Kesoram Industries
• ABG Shipyard
• Nav Bharat Ventures

Note- Once the stock starts trading above your buying price, keep buying price as stoploss and thenafter keep trailing with stoploss for further targets!! This strategy will always yield profits for you.

We are here to serve you all,and help you in minting more n more money from any kind of market ,with our highly accurate market analysis and money minting calls!!

Stay tuned with EAIB Securities!!!!

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