As we have told everyone on Sunday-Monday-Tuesday, that 6047 is a hurdle for bulls & we hope all of you must have enjoyed the 100pts crash in markets from that level in last two days. Also our stock calls of Aftek Ltd, Raj Packaging, Technocraft, Vadilal Ind, etc etc made huge gains in last 3-4 days. Day by day you all must be addicted of getting highly accurate market view provided by us. Daily markets respecting our levels & views,and making all our followers mint money from the market.
Talking about the current market situation, bulls have a hurdle at 6047 level on upside, & till this level is not crossed bears will attack decisively over bulls.Time is running out as the bulls are starting to weaken! Soon they will fall over from the poison that they’ve been given. Consecutive close & sustain below 5965 will become increasing worse, causing more panic too occur. Yes folks, the moment of reckoning, (for the bears at least), is now upon us. The Bulls have certainly been having their fun these last few weeks. They teased the bear by acting like they were going to let him have a little fun, but squeezed him every single time. And so now bears are trying to take their revenge in a brutal manner.
Till now bulls are trying hard to sustain above 5965 mark on closing basis, but If it doesn’t by some odd reason, and it closes below the 5965 mark, then we will need another conforming close below it on Monday before we’d be comfortable saying “the bear is back” & then we expect a 75-145pts downside movement (from 5965 level) in markets. Revengeful bears can also brutally murder the bulls & then this downside move can come in a single trading session also. However, we no longer live in a “free society”, where the stock market is actually traded freely with real buyers and real sellers. Now we have a market that is totally controlled by manipulators, so anything anytime unexpectedly can happen & change the whole scenario.
On 24September, Nifty fut is having support at 5940 level, once this level is breached and sustained then we can see lower levels of 5924-5880-5835. As we have mentioned in earlier market views also, that 6047 level is a major hurdle for the bulls, and exactly the same is happened in last few days. In intraday today, Nifty fut will face resistance around 5994, if able to cross & sustain above this then we can expect higher levels of 6012-6034-6047. Looking at the current scenario, Nifty fut is struggling at higher levels, so traders must stay cautious. Read the facts provided for knowledge & use your own wisdom to trade in this market.
Talking about the current market situation, bulls have a hurdle at 6047 level on upside, & till this level is not crossed bears will attack decisively over bulls.Time is running out as the bulls are starting to weaken! Soon they will fall over from the poison that they’ve been given. Consecutive close & sustain below 5965 will become increasing worse, causing more panic too occur. Yes folks, the moment of reckoning, (for the bears at least), is now upon us. The Bulls have certainly been having their fun these last few weeks. They teased the bear by acting like they were going to let him have a little fun, but squeezed him every single time. And so now bears are trying to take their revenge in a brutal manner.
Till now bulls are trying hard to sustain above 5965 mark on closing basis, but If it doesn’t by some odd reason, and it closes below the 5965 mark, then we will need another conforming close below it on Monday before we’d be comfortable saying “the bear is back” & then we expect a 75-145pts downside movement (from 5965 level) in markets. Revengeful bears can also brutally murder the bulls & then this downside move can come in a single trading session also. However, we no longer live in a “free society”, where the stock market is actually traded freely with real buyers and real sellers. Now we have a market that is totally controlled by manipulators, so anything anytime unexpectedly can happen & change the whole scenario.
On 24September, Nifty fut is having support at 5940 level, once this level is breached and sustained then we can see lower levels of 5924-5880-5835. As we have mentioned in earlier market views also, that 6047 level is a major hurdle for the bulls, and exactly the same is happened in last few days. In intraday today, Nifty fut will face resistance around 5994, if able to cross & sustain above this then we can expect higher levels of 6012-6034-6047. Looking at the current scenario, Nifty fut is struggling at higher levels, so traders must stay cautious. Read the facts provided for knowledge & use your own wisdom to trade in this market.
Nifty Levels
- Resistance - 5994-6012-6034-6047
- Support - 5940-5924-5880-5835
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Intraday Calls
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- Also watch Amrutanjan,Horizon Infra, Lumax Auto Tech, MMTC.
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