Do we need to write about Midfield Ind (almost doubled from buying), Wockhardt ( 60% gains) , Varun Ind (30% return), Madhav marbles (20% gains), OMDC (once gave 100% return, and again giving 10% return) , CEAT ( 20% return) , Atlas Cycle (25% return), Resurgere Mines (6% return), Capman Financials (100% return), Coromandel International (6% return) all these stocks gave these return in few days & many more stocks which blasteddddd 10-20% in intraday. We were the first to provide these stocks, and now whole india running behind these stocks, when our members already minted 20-50% gains. Team EAIB provides all everything well in time & well before anyone else get that. We hope all of you must be watching & trading in our FREE BLASTINGGG TRIAL CALLS given on blog, and must be njoying money rain in this monsoon season. Daily our Nifty analysis is bang on target and making everyone trade safely & precisely. Stay tuned with Team EAIB for more action.
Coming back to the current market scenario, market movement in last 5-7 days is a clear example of how well controlled and manipulated this market really is. A normal market will take the stairs up (meaning it slowly makes gains every day), and the elevator down (meaning it usually falls up to 6 times as fast going down, when compared to up). But last week the market took the elevator up too… why? Was this normal, or manipulation? We all know the answer there… MANIPULATION! No normal market rallies straight up like we seen last week. We have told in our WEEKLY VIEW that all bears will be killed mercilessly to trap the retail trader/investor, and exactly the same happened when Nifty after making a low of 5356 last week made a high of 5612 yesterday.
Now moving forward in this week, bulls will give a bit relaxation to bears so that the left over bears can get some energy to re-attack the highly energised bulls. As we said yesterday also, in intraday the hurdle for bulls on upside is 5624, once they manage to cross & sustain above this level we will see them marching ahead to the levels of 5637-5655-5667. However the range 5637-5655, will be a resistance zone & bears will try hard to hault down the bulls for a while in this range. Moving on downside the support is at 5584, breaching below this level bears will slide down nifty fut to 5556-5536-5520 levels. On lower side bulls have a comfort zone in range 5520-5536, if they manage to retain themselves above this zone, then bulls will be once again charged up after resting for a while in comfort zone.
Coming back to the current market scenario, market movement in last 5-7 days is a clear example of how well controlled and manipulated this market really is. A normal market will take the stairs up (meaning it slowly makes gains every day), and the elevator down (meaning it usually falls up to 6 times as fast going down, when compared to up). But last week the market took the elevator up too… why? Was this normal, or manipulation? We all know the answer there… MANIPULATION! No normal market rallies straight up like we seen last week. We have told in our WEEKLY VIEW that all bears will be killed mercilessly to trap the retail trader/investor, and exactly the same happened when Nifty after making a low of 5356 last week made a high of 5612 yesterday.
Now moving forward in this week, bulls will give a bit relaxation to bears so that the left over bears can get some energy to re-attack the highly energised bulls. As we said yesterday also, in intraday the hurdle for bulls on upside is 5624, once they manage to cross & sustain above this level we will see them marching ahead to the levels of 5637-5655-5667. However the range 5637-5655, will be a resistance zone & bears will try hard to hault down the bulls for a while in this range. Moving on downside the support is at 5584, breaching below this level bears will slide down nifty fut to 5556-5536-5520 levels. On lower side bulls have a comfort zone in range 5520-5536, if they manage to retain themselves above this zone, then bulls will be once again charged up after resting for a while in comfort zone.
Nifty Levels
- Resistance - 5624-5637-5655-5667
- Support - 5584-5556-5536-5520
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Intraday Calls
- Resurgere Mines abv 72 tgt-76-78.6-82
- Tulsi Extrusion abv 56.5 tgt-59-61-64
- Jindal Cotex arnd 156 tgt-162-165-170+
- Shriram Transport arnd 735 tgt-748-754-770+
- Also watch R R Financial, MMTC, OMDC, Moserbaer.
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For all trades, keep trailing your stoploss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.
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