Last week we witnessed markets heading above 5900 level, and making all bears getting butchered badly, & then a sharp downside till 5840 from 5914 to give an energy booster for remaining bears to turn up, and from there again taking markets up towards new high on weekend. What happens with these manipulators is that they decide well in advance....which direction to take the market, and for how long (you should already know that.... if you’ve been reading this blog for a while). They are well organized and plan everything in detail.
Right now the market is looking for more morphine (money)to keep it alive, but We don’t think it’s going to get any. So, thinking like a Dalal Street crooks here....they must take markets above 5918 level on Monday morning to squeeze out all the bears that went short on Friday, and then tank it afterwards. This would trap a lot of retail bulls expecting provide the next rally up, and not allow any bears to get short in a great spot. All the bears would throw in the towel and go long, expecting a upside. And this will provide all the manipulators to get out of their long positions in a very smooth & easy way.
Right now the market is looking for more morphine (money)to keep it alive, but We don’t think it’s going to get any. So, thinking like a Dalal Street crooks here....they must take markets above 5918 level on Monday morning to squeeze out all the bears that went short on Friday, and then tank it afterwards. This would trap a lot of retail bulls expecting provide the next rally up, and not allow any bears to get short in a great spot. All the bears would throw in the towel and go long, expecting a upside. And this will provide all the manipulators to get out of their long positions in a very smooth & easy way.
Explaining the current markets, take a simple example. The best comparison would be that the market is a marathon runner. Each day the runner will run a little bit, with short breaks (intraday sell offs) throughout the day, and then a good rest at night when he sleeps. Then he gets back up the next day and does it again. He takes the weekend off, and gives his body time to repair itself (slight correction in the market).
Over time the runner will build up muscle (strong support levels), and achieve many miles on his long journey (healthy bull market). This is the way it should be done… but the manipulators arn’t allowing this to happen. Instead, they are giving the runner shots of adrenaline to keep him running without stopping to rest. Then, they give him speed to keep him from sleeping at night too! How long can he run without a rest? What is going to happen when he finally comes down from his speed pills and adrenaline shots? Total Collapse is not a strong enough word to describe it!
Moving on to this week, markets are trading above 5900 mark, & if bulls cross & sustain above 5918 level then a lot of stop loss for shorts will hit and all bears will run to cover their shorts. This short covering can take markets to higher levels 5988-6047-6139. However the range 5918-5988 will be resistance zone & upper limit of range would be hurdle for bulls for moving up. In the meantime if bears are able to stop the bull ride from crossing 5988 level, then it could be party time for bears. Support for bulls exist at 5880 level, if this is breached then we can see nifty fut sliding down to 5820-5775-5728. For this week the immediate range look like 5728-5988, with bear attack expected on higher levels. Markets are trading on highly overbought conditions, & all up rise is manipulated, so all traders must stay cautious & must hedge all their long/short positions in order to save their hard earned money from these crooks. The bull won’t know what hit him, as the bear is sneaky and will attack from behind. Payback will be brutal and swift as bear seeks his revenge. Current market is surely not for low risk traders, as this market wont let them earn & will make them hit stop loss both for long/short positions. Manipulators have succeeded in controlling this market every step of the way, and today was no different. Your mind is now being programmed to believe whatever lies they want to tell you. The best way to deal in this market is to respect the levels & trade bi-directionally rather than to wait for unidirectional gain in speculation. Read the facts provided for knowledge & use your own wisdom to trade in this market.
Nifty Levels
- Resistance - 5918-5988-6047-6139
- Support - 5880-5820-5770-5728
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Stocks for the week
- Raj Packaging
- Bluestar Ltd.
- Jyoti Structure
- Vadilal Ind.
- Man Aluminium
- Great Eastern Shipping
- Diamant Infrastructure
- Trend electronics
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