Yesterday during market hours we intimated all members on yahoo messenger that Nifty fut is having a support at 6080 & Resistance at 6135 level. And whole world watched both levels working as a boundary line for up & down movement. Nifty fut traded in range 6087-6128 for the whole day, after opening bell.
There was NO reason......not fundamentally or technically that could explain the move up we had in last few weeks. This was done for one reason....to rob the bears! Its difficult to gamble in the market, as the manipulators can see what you have in your hand. Sounds unfair, sounds crooked, sounds evil, sounds hard too beat...all true, but what can you do about it? Not play the game is the only answer. Maybe that’s why the retail trader just took his money out of the market and isn’t doing any investing? So putting your cash under your mattress seems too be back in style now.
Manipulators have the ability to keep markets up for as long as they want to. It seems they have an unlimited supply of Viagra, and nothing is going to stop them from continuing to push it up higher. They are in the driver’s seat right now, and it’s going to crash only when they are ready.
Now moving forward for coming days, the bears need to gap this thing down below support (6080), or the bulls are going to stage another massive murder of them. If bulls are able to hold the markets above 6080 level, then surely bulls are having an upper hand. But moving onto the higher side bulls have barrier at 6135 level, if they are able to cross this barrier then they will inch higher upto 6172-6198-6214. Contrary to this if bears are able to pull the markets down below 6080 level, then we can see sharp selling coming in markets & Nifty fut showing levels of 6040-6015-5965. Bears have to work hard to break the support 6080 , in order to save themselves from getting butchered by the bulls once again.
There was NO reason......not fundamentally or technically that could explain the move up we had in last few weeks. This was done for one reason....to rob the bears! Its difficult to gamble in the market, as the manipulators can see what you have in your hand. Sounds unfair, sounds crooked, sounds evil, sounds hard too beat...all true, but what can you do about it? Not play the game is the only answer. Maybe that’s why the retail trader just took his money out of the market and isn’t doing any investing? So putting your cash under your mattress seems too be back in style now.
Manipulators have the ability to keep markets up for as long as they want to. It seems they have an unlimited supply of Viagra, and nothing is going to stop them from continuing to push it up higher. They are in the driver’s seat right now, and it’s going to crash only when they are ready.
Now moving forward for coming days, the bears need to gap this thing down below support (6080), or the bulls are going to stage another massive murder of them. If bulls are able to hold the markets above 6080 level, then surely bulls are having an upper hand. But moving onto the higher side bulls have barrier at 6135 level, if they are able to cross this barrier then they will inch higher upto 6172-6198-6214. Contrary to this if bears are able to pull the markets down below 6080 level, then we can see sharp selling coming in markets & Nifty fut showing levels of 6040-6015-5965. Bears have to work hard to break the support 6080 , in order to save themselves from getting butchered by the bulls once again.
Nifty Levels
- Resistance- 6135-6172-6198-6214
- Support - 6080-6040-6015-5965
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Intraday Calls
- OMDC abv 47000 tgt-48012-48532-49300
- LT Foods abv 73 tgt-75-77.2-82
- JM Financials arnd 38 tgt-40.5-41.2-42.7+
- Piramal Healthcare abv 516 tgt-522-531-542
- Also watch MRF Ltd ,Indian Card Clothing, DPSC Ltd, Edserv Soft.
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.
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