In last few weeks we have seen market showing highly deceptive moves & a roller coaster movement. All retail traders who was unknown or was not having any good advisor, were unable to catch the direction of the market & 90% traders got stop loss triggered on both sides.
Moving on to coming weeks we could still see markets bouncing up from lows, as the manipulators still have the printing press going on full steam, but the upside is very limited now. All the leader stocks are at nose bleed levels now, and it’s hard to push them up any higher without a revert action first. We all know how manipulators rotate from sector to sector, pumping each one to prevent the markets from collapsing. However, at some point, gravity will take over and market will sell off hard. All these flash crashes show you how vulnerable the market really is. One surprise false flag event, or some other major default, would crash this market in a heartbeat! So be on your toes, as when it falls,it will be fast and hard!!!!
For the week starting from 25October, Nifty fut will face resistance at 6114 level, if market maintains to cross and sustain above this level then we can expect the bulls to once again gear up easily for a new ride, and taking Nifty fut to higher levels of 6155-6172-6228+ . For upside move one must concentrate on the closing above the resistance level 6155. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 6040 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nifty fut slide down to lower levels of 5990-5940-5870. Any consecutive close below 6010 level will be energy booster for bears and bulls might loose grip over the market. Consecutive close below 6010 will make bears rule the market and will try to make the whole scenario turned into bearish for a while and will move markets towards major support area of 5800 level. The week will witness some action packed fight between bulls & bears to take the charge. In the current markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stop loss on both longs and shorts. So, always try to follow the levels and trade accordingly with your own wisdom
Moving on to coming weeks we could still see markets bouncing up from lows, as the manipulators still have the printing press going on full steam, but the upside is very limited now. All the leader stocks are at nose bleed levels now, and it’s hard to push them up any higher without a revert action first. We all know how manipulators rotate from sector to sector, pumping each one to prevent the markets from collapsing. However, at some point, gravity will take over and market will sell off hard. All these flash crashes show you how vulnerable the market really is. One surprise false flag event, or some other major default, would crash this market in a heartbeat! So be on your toes, as when it falls,it will be fast and hard!!!!
For the week starting from 25October, Nifty fut will face resistance at 6114 level, if market maintains to cross and sustain above this level then we can expect the bulls to once again gear up easily for a new ride, and taking Nifty fut to higher levels of 6155-6172-6228+ . For upside move one must concentrate on the closing above the resistance level 6155. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 6040 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nifty fut slide down to lower levels of 5990-5940-5870. Any consecutive close below 6010 level will be energy booster for bears and bulls might loose grip over the market. Consecutive close below 6010 will make bears rule the market and will try to make the whole scenario turned into bearish for a while and will move markets towards major support area of 5800 level. The week will witness some action packed fight between bulls & bears to take the charge. In the current markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stop loss on both longs and shorts. So, always try to follow the levels and trade accordingly with your own wisdom
Nifty Levels
- Resistance - 6114-6155-6172-6228
- Support - 6040-5990-5940-5870
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Stocks for the week
- Exide Industries
- Edserve Softsystems
- Bilpower Ltd.
- Ishita Drugs
- AVT Natural Products
- JBF Industries
- Axis Bank
- Transformer & Rectifiers
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