Yesterday Nifty fut made a high 6166 & then within a short span of minutes made a low of 6024. No one can tell us that what happened yesterday was something you could foresee and forecast from reading the charts. The rally in the morning was 100% manipulated to squeeze out the shorts & then butcher the bulls also with sharp crash of 140pts from high. This makes it extremely 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.
At the rate we went up, these manipulators will succeed in producing the largest crash ever in the history of the stock market. If we continue to push up, then the fall that will come after it....whenever it may be in months or in years....but it will completely wipe out millions of people's life savings and asset values.
We are in a period now where the best thing to do is to hold on to your shorts and not try to swing trade in and out of the market, as you might not get another good re-entry spot again as got yesterday around resistance 6172. So for today, if will sell off in the morning, look for the support zone around 5940 to turn back up and then bail on your shorts. As that’s from where we expect the selling pressure to lighten up a little. A quick move down (with volume) would indicate it is likely to break support, but if it takes its’ sweet time, and doesn’t hit that area in first 2 hours of trade time frame, then it will likely hold, and a move back up would be expected.
Today Nifty fut have support at 6000 level, and breaching this level will slide down the markets to the levels 5965-5940 level,so hang in there bears, your dinner should be ready soon. On a downside note, 5940-5900 is a support zone for bulls & bears might take breather around this level. If bulls manage to stop bears from breaking this support zone, then we might see a pullback in market in later hours of trade. However if 5940 level is decisively breaked on closing basis then next major support is 5855 only. On a positive side Nifty fut have a resistance at 6035 level, if crosses this resistance then can inch higher to 6058-6080-6127 level once again.
At the rate we went up, these manipulators will succeed in producing the largest crash ever in the history of the stock market. If we continue to push up, then the fall that will come after it....whenever it may be in months or in years....but it will completely wipe out millions of people's life savings and asset values.
We are in a period now where the best thing to do is to hold on to your shorts and not try to swing trade in and out of the market, as you might not get another good re-entry spot again as got yesterday around resistance 6172. So for today, if will sell off in the morning, look for the support zone around 5940 to turn back up and then bail on your shorts. As that’s from where we expect the selling pressure to lighten up a little. A quick move down (with volume) would indicate it is likely to break support, but if it takes its’ sweet time, and doesn’t hit that area in first 2 hours of trade time frame, then it will likely hold, and a move back up would be expected.
Today Nifty fut have support at 6000 level, and breaching this level will slide down the markets to the levels 5965-5940 level,so hang in there bears, your dinner should be ready soon. On a downside note, 5940-5900 is a support zone for bulls & bears might take breather around this level. If bulls manage to stop bears from breaking this support zone, then we might see a pullback in market in later hours of trade. However if 5940 level is decisively breaked on closing basis then next major support is 5855 only. On a positive side Nifty fut have a resistance at 6035 level, if crosses this resistance then can inch higher to 6058-6080-6127 level once again.
In the current scenario, the question is ......which way do manipulators want to take the market? Maybe it’s the same thing going down? Trap all the bulls long, and not let them out on any rally. That should indicate that once a rally starts back up, the bears will be trapped short with very small down days to allow them an escape. In simple words they want to take it down for a while, as the media/retail trader was very bullish (at it seems that way to us) and then a move higher or sideways in the coming days (when the media/retail trader will become bearish).
Nifty Levels
- Resistance - 6035-6058-6080-6127
- Support - 6000-5965-5940-5900
Intraday Calls
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.
Only accuracy here!!!!
For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303
No comments:
Post a Comment