Till now bulls are trying hard to sustain above 6020 mark on closing basis, but If it doesn’t by some odd reason, and it closes below the 6020 mark, then we will need another conforming close below it before we’d be comfortable saying “the bear is back” & then we expect a 75-165pts downside movement (from 6020 level) in markets. Revengeful bears can also brutally murder the bulls & then this downside move can come in a single trading session also. Till markets are above 6020 level, bulls will regain their energy to fight back with the bears & show bounce back. However, we no longer live in a “free society”, where the stock market is actually traded freely with real buyers and real sellers. Now we have a market that is totally controlled by manipulators, so anything anytime unexpectedly can happen & change the whole scenario.
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. The recent crash in markets of about 250pts was due to the reason that all the leader stocks were at nose bleed levels, and it was 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 15 November, Nifty fut is having support at 6020 level. If bears are able to close the markets consecutively below 6020 level, then everyone must get ready for some sharp downside action in the markets. Once this level is breached and sustained then we can see lower levels of 5965-5924-5835. As we have mentioned in earlier market views also, that 6124 level is a hurdle for the bulls, Nifty fut will face resistance around 6124, if able to cross & sustain above this then we can expect higher levels of 6172-6228-6290+ . Above 6290, for short term the bulls have major hurdle at 6360 levels. Looking at the current scenario, Nifty fut have a support zone 5965-6020, so traders must stay cautious around these lower levels. Till markets are sustaining above 6020 level on closing basis, bulls will regain their strength to give a tough fight to bears. Bears will have a party time once again only if the markets give consecutive closing below 6020 level. Trading in this market without any knowledge/advice of market directions can be a losing game all in all, so a good advice is the basic need for minting money from this market. In this November expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are advised to hedge all the positions accordingly, and don't trade blindly without judging the market movement. Read the facts provided for knowledge & use your own wisdom to trade in this market .
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. The recent crash in markets of about 250pts was due to the reason that all the leader stocks were at nose bleed levels, and it was 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 15 November, Nifty fut is having support at 6020 level. If bears are able to close the markets consecutively below 6020 level, then everyone must get ready for some sharp downside action in the markets. Once this level is breached and sustained then we can see lower levels of 5965-5924-5835. As we have mentioned in earlier market views also, that 6124 level is a hurdle for the bulls, Nifty fut will face resistance around 6124, if able to cross & sustain above this then we can expect higher levels of 6172-6228-6290+ . Above 6290, for short term the bulls have major hurdle at 6360 levels. Looking at the current scenario, Nifty fut have a support zone 5965-6020, so traders must stay cautious around these lower levels. Till markets are sustaining above 6020 level on closing basis, bulls will regain their strength to give a tough fight to bears. Bears will have a party time once again only if the markets give consecutive closing below 6020 level. Trading in this market without any knowledge/advice of market directions can be a losing game all in all, so a good advice is the basic need for minting money from this market. In this November expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are advised to hedge all the positions accordingly, and don't trade blindly without judging the market movement. Read the facts provided for knowledge & use your own wisdom to trade in this market .
Nifty Levels
- Support - 6020-5965-5924-5835
- Resistance - 6124-6172-6228-6290
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Stocks for the week
- Delta Magnets
- Hindustan Motors
- Bliss GVS Pharma
- BS Transcomm
- Onmobile Global
- Four Soft Ltd
- Educomp
- CESC Ltd
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