Market outlook for the week 13-17September

What we said last week, & what happened actually, see yourself & judge our accuracy. We believe in showing live performance, rather than keeping past performance to show our accuracy. Read it, Believe it & then trust us!! Stay tuned with Team EAIB for getting highly accurate market view & Stock tips, well in time & well before anyone else start shouting to trade in it!!

As we have said last week-

• "If in coming days, we see markets sustaining above the level of 5565 and giving consecutive close above this level, then we can expect a sharp upside of 80-145pts once again."
• "Since most people are now expecting bears to come, let’s fool them all and take it upwards "

You all must have watched Nifty blastingggg up to 5640 levels after a recent low of 5356. Click here to see what we said last week.

Now moving on to this week, bulls are all geared up for next up move & butchered bears are trying to get a single chance to regain their lost existence. Bulls will put all their energy to take markets higher n higher. How high, We don’t know? But it’s going to be more about the time factor then the actual price level. We expect the top to be put in right before or during September 13th-20th. Then we’ll start looking for the move down & bears showing some action & a move down like that would give the bears a nice dinner to eat. Just don’t drop the fish in your mouth when you look at your reflection in the water, thinking there is a bigger fish just below you.

This week bulls have a hurdle at 5698 level, once they manage to cross this barrier & sustain above this we will see them marching towards the levels of 5728-5777-5810. We have already mentioned 80-145 pts rally from 5565 level, and last week 80pts rally already done from the given level. Bullish traders must keep eyes on the given resistance level & watch out for decisive breakout of that for more bull action in markets. In case, bulls fail to crossover the resistance level, then bears will try their luck in markets. On lower side support exists at 5595 level, break below this level bears will take markets to 5555-5530-5460 levels. However, till markets are trading above 5595 level, bulls are having an upper hand.

Of course till the 5595 level is not breached, we expect it to reverse back up and squeeze the bears out… which should also give enough fuel to bulls to take out the 5667 area and probably the 5698 area too. As much as we’d like to believe that the market isn’t manipulated, anyone reading this blog long enough knows that we’ve given you plenty of proof that it “IS” 100% controlled. Same game, different month. Every move is planned out months and years in advance folks. It’s up to us to figure it out of course, but never forget to expect the unexpected…

We recommend all traders to stay cautious in immediate range 5595-5698 & a broader range of 5530-5728, as this will be the crucial range and breakout of this range on either side will show some sharp movement. However till Nifty fut is trading above 5595-5555 level, bulls are having an upper hand and we will see markets bouncing back. Markets will be highly volatile and will show ambiguous moves. So, traders must trade on both sides and mint money bi-directionally rather than waiting for expiry targets. All traders must stay cautious and must not leverage positions without proper knowledge of market directions.

Nifty Levels

• Resistance - 5698-5728-5777-5810
• Support - 5595-5555-5530-5460

=================================

Stocks for the week

• Cox & King Ltd.
• Shriram Transport
• Mahindra Ugine
• Hindustan Oil Exploration
• Hindustan Organic Chemicals
• Godrej Industries
• Mansi Finance
• Technocraft Industries

=================================

Intraday Calls for 13September

• Sun TV abv 510 tgt-515-524-537+
• Simplex casting abv 118 tgt-122-127-135
• Delta Corp abv 51.5 tgt-53.2-55-57
• Kalyani Steel abv 143 tgt-146-148-154
• Also watch Parekh Aluminex, Woolite Mecantile, Modern Dairies, Piramal Lifescience,

For LIVE MARKET CALLS, Click here.

For all trades, keep trailing your stop loss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.

================================

For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com

Note- To Get all calls on mobile through SMS, Join our groups, FULTOOMASTI & EAIB Securities . Join both groups.

To get more Cash+F&O calls for intraday+positional trades, join our PREMIUM SERVICES.

Only accuracy here!!!!

For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303