Looks like the market rallied yesterday as expected. We don’t have anything to add today, as we explained it all in our weekend post. As expected, above 5918 markets rallied to touch 5988 & then unexpectedly crossed it the same day to touch the mark of 6000. The run above 5988 mark, was an unexpected move & can be seen as another manipulative move to surprise the retail traders. Nothing much has changed from our weekend post. So far everything is following the plan. Of course life is never that easy, and it wouldn’t surprise us if something happened too throw the plan off.
Yesterday we explained this sharp market rise, with an example of a marathon runner, & hope you all must have read that & also interpreted the moral of the story in terms of market. Those who havent read, CLICK HERE TO READ IT.
On 21September, Nifty fut will face resistance at 6035 level, crossing and sustaining above this level will make Nifty fut move forward on upside, and on way to upside it can march till 6047-6055-6082 levels. Look..... there has always been some manipulation in the market, every since it was created. But, this obvious manipulation is absolutely horrible for the market in the long run. It will cause a massive.... and we mean massive sell off, when it finally starts! Its not healthy for the market at all. In this volatile sessions, if nifty fut is unable to cross the resistance level, and goes on downside, then it has a support at 5965 level, breaching below this level we can see Nifty fut sliding down to the levels of 5940-5924-5880. On downside now 5880 level is a major support for markets. Remember, crooks are “the Fox” and we are “the Sheep”! They are trying to steal your money, so don’t believe anything they say.... we certainly don’t. Read the facts provided for knowledge & use your own wisdom to trade in this market.
Yesterday we explained this sharp market rise, with an example of a marathon runner, & hope you all must have read that & also interpreted the moral of the story in terms of market. Those who havent read, CLICK HERE TO READ IT.
On 21September, Nifty fut will face resistance at 6035 level, crossing and sustaining above this level will make Nifty fut move forward on upside, and on way to upside it can march till 6047-6055-6082 levels. Look..... there has always been some manipulation in the market, every since it was created. But, this obvious manipulation is absolutely horrible for the market in the long run. It will cause a massive.... and we mean massive sell off, when it finally starts! Its not healthy for the market at all. In this volatile sessions, if nifty fut is unable to cross the resistance level, and goes on downside, then it has a support at 5965 level, breaching below this level we can see Nifty fut sliding down to the levels of 5940-5924-5880. On downside now 5880 level is a major support for markets. Remember, crooks are “the Fox” and we are “the Sheep”! They are trying to steal your money, so don’t believe anything they say.... we certainly don’t. Read the facts provided for knowledge & use your own wisdom to trade in this market.
Nifty Levels
- Resistance - 6035-6047-6055-6082
- Support - 5965-5940-5924-5880
Intraday Calls for 21September
- Vadilal Ind abv 156 tgt-159-160.5-162
- Ajmera Realty abv 290 tgt-294-300-311
- Steel Strips wheel abv 277 tgt-282-288-291
- Dishman Pharma abv 184 tgt-186-188-193
- Also watch Technocraft Ind, Vesuvius India, Elnet Tech, Balkrishna Ind.
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