In last 3 weeks Nifty corrected 600pts from high & this correction came when almost everyone was highly bullish for 6500 levels, but we warned everyrone of sudden sharp downfall in markets till november expiry, those who followed us sitting on money mountains & all others trapped badly in longs. Retail trader who was unaware of market direction was trapped on both sides. That is what the market is doing to most traders right now. It’s no secret of course, as that’s what “The Powers That Be” are trying to do... confuse both the bulls and bears, while secretly stealing their money. Well, We guess that’s why us sheep are still sheep and not wolves, because manipulators seem to pull these little tricks when not many are expecting it.
Last week was a wildcard week anyway, as most people thought it would be a flat to positive week. We are sure there weren’t many bears that were short the market, and that’s exactly how manipulators planned it. The lucky ones that were short, and did profit from it, probably closed their positions out too early as they too were shocked that we actually sold off as much as we did.
For the week starting from 29November, Nifty fut will face resistance at 5824 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to sustain & close above this level, we can see upper levels till 5872-5930-5998 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 5824-5930 levels, failing to do so and closing below 5710 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5710 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to much lower levels of 5665-5614-5540. Any close below the mark of 5614 will create panic once again in markets. So, the initial trading sessions of this week will be of greater importance to decide the further movement of markets. Traders must stay cautious on higher sides till 5930 level and take positions after watching the market scenario on Tuesday's trading session. Manipulators seem to be giving bulls a chance to re-energise & show some upside in markets.
Concluding the whole market view, we can say that major triggers for the Nifty fut for this week are 5710-5614 on lower side and 5824-5930 on upper side, breaking on eitherside will lead momentum in Nifty in that direction. All traders must stay cautious in range 5872-5930 on upside. Any major movement in markets will come only after, breaking the range of 5710-5930 on consecutive closing basis. In current scenario the bulls have joined the bear party, and this signal is always bullish. Remember one thing "The best time to buy is when bulls go short & best time to sell is when bears go long." In short term the downside now seems to be capped & manipulators will try to re-energise the bulls for a fresh upside after a mild downside. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.
Those who want to earn massive gains from this upcoming sharp market movement and few cash/future stocks, dont miss to join our SURESHOT SERVICE.
Best time and opportunity to mint money in truckload with this sharp move in markets.
Last week was a wildcard week anyway, as most people thought it would be a flat to positive week. We are sure there weren’t many bears that were short the market, and that’s exactly how manipulators planned it. The lucky ones that were short, and did profit from it, probably closed their positions out too early as they too were shocked that we actually sold off as much as we did.
For the week starting from 29November, Nifty fut will face resistance at 5824 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to sustain & close above this level, we can see upper levels till 5872-5930-5998 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 5824-5930 levels, failing to do so and closing below 5710 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5710 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to much lower levels of 5665-5614-5540. Any close below the mark of 5614 will create panic once again in markets. So, the initial trading sessions of this week will be of greater importance to decide the further movement of markets. Traders must stay cautious on higher sides till 5930 level and take positions after watching the market scenario on Tuesday's trading session. Manipulators seem to be giving bulls a chance to re-energise & show some upside in markets.
Concluding the whole market view, we can say that major triggers for the Nifty fut for this week are 5710-5614 on lower side and 5824-5930 on upper side, breaking on eitherside will lead momentum in Nifty in that direction. All traders must stay cautious in range 5872-5930 on upside. Any major movement in markets will come only after, breaking the range of 5710-5930 on consecutive closing basis. In current scenario the bulls have joined the bear party, and this signal is always bullish. Remember one thing "The best time to buy is when bulls go short & best time to sell is when bears go long." In short term the downside now seems to be capped & manipulators will try to re-energise the bulls for a fresh upside after a mild downside. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.
Those who want to earn massive gains from this upcoming sharp market movement and few cash/future stocks, dont miss to join our SURESHOT SERVICE.
Best time and opportunity to mint money in truckload with this sharp move in markets.
Nifty Levels
- Resistance - 5824-5872-5930-5998
- Support - 5710-5665-5614-5540
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Stocks for the week
- Alka Securities
- Crew B.O.S
- Gokul Refoils
- Camlin Ltd.
- Indian Oil Corporation
- Camson Bio Technologies
- Kanpur Plastics
- Ishita Drugs
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