In last two days we have seen some roller coaster rides in markets. Yesterday also the bears regained the ball the last hour of the day, after an early fumble at the open. In the end around closing bell, the bears took the ball back and regained all that lost yard. It’s about time! But the question arises is that , till how long the bears will able to hold the ball?? The answer in current scenario seems to be, VERY LESS TIME!! Till the bulls are able to keep Nifty fut above 6140 mark, bulls are mightier than bears. But overall, we just have the feeling that the direction isn’t going to be straight! Meaning, we are looking for some choppy action in markets, to lure in some bulls and shakeout some bears.
Whats going to happen in markets? Whether bulls or the bears will get the next high dose of viagra? No one knows for sure of course, but everything we see now is pointing to some really unexpected movement to come within next couple of months. Trading in the stock market is nothing more then gambling, with the added benefit of being able to increase ones’ odd’s of winning by piecing together technical analysis, politics, and just good old fashion “gut” feelings and of course manipulation, corruption, lying, stealing, and cheating by the stock market crooks. Every move is planned out months and years in advance.
On 6 October, Nifty fut will face resistance at 6198 level, crossing and sustaining above this level will make Nifty fut move forward on upside, and on way to upside it can move forward to 6232-6254-6277 levels. However 6232 level, will act as a major hurdle on upside, and in order to make Nifty surge upto new recent highs, before the final correction takes place, Nifty has to sustain and close above 6232 level. In this volatile sessions, if nifty fut is unable to cross the resistance level, and goes on downside, then it has a support at 6155 level, breaching below this level we can see Nifty fut sliding down to the levels of 6140-6102-6072. However 6140 level can act as good support level on downside for intraday, and also as a sentimental level for all bullish traders. Breaching 6140 level decisively, will provide a party time for bears!!
Whats going to happen in markets? Whether bulls or the bears will get the next high dose of viagra? No one knows for sure of course, but everything we see now is pointing to some really unexpected movement to come within next couple of months. Trading in the stock market is nothing more then gambling, with the added benefit of being able to increase ones’ odd’s of winning by piecing together technical analysis, politics, and just good old fashion “gut” feelings and of course manipulation, corruption, lying, stealing, and cheating by the stock market crooks. Every move is planned out months and years in advance.
On 6 October, Nifty fut will face resistance at 6198 level, crossing and sustaining above this level will make Nifty fut move forward on upside, and on way to upside it can move forward to 6232-6254-6277 levels. However 6232 level, will act as a major hurdle on upside, and in order to make Nifty surge upto new recent highs, before the final correction takes place, Nifty has to sustain and close above 6232 level. In this volatile sessions, if nifty fut is unable to cross the resistance level, and goes on downside, then it has a support at 6155 level, breaching below this level we can see Nifty fut sliding down to the levels of 6140-6102-6072. However 6140 level can act as good support level on downside for intraday, and also as a sentimental level for all bullish traders. Breaching 6140 level decisively, will provide a party time for bears!!
Nifty Levels
- Resistance - 6198-6232-6254-6277
- Support - 6155-6140-6102-6072
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Intraday Calls
- Piramal Healthcare abv 524 tgt-530-537-545+
- Sunshield Chemicals abv 80.5 tgt-82.4-86-92+
- Sintex Ind abv 435 tgt-444-456-479+
- Jyoti Structure abv 139 tgt-142-145-150
- Also watch Goodyear India,Nippo Batteries, OMDC, Kajaria Ceramics.
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