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Wednesday, December 8, 2010

Current market Outlook

Now when markets are crashing down whole india is shouting to sell sell sell sell....as we always say, we provide all levels & market direction well before anyone else can think of it. On sunday night we told each & everyone on our blog that resistance is 6038 & on rise bears will attack & below 5972 panic selling will come...CLICK HERE TO READ & RECALL IT ONCE AGAIN. Now active traders can compare these words with actual market movement happened in last 3 days of this week.......Nifty fut not crossing 6038 & today crashed till 5897 level against our support level of 5880. This was done for one reason.....to rob the bulls! Many traders were hurt very badly during that ramp job. There were a few brave one’s who follow Team EAIB & were short in the market, and they are rewarded greatly. Team EAIB provides all everything well in time & well before anyone else get that. We hope all of you must be watching & trading in our FREE BLASTINGGG TRIAL CALLS given on blog, and must be njoying money rain in this monsoon season. Daily our Nifty analysis is bang on target and making everyone trade safely & precisely. Stay tuned with Team EAIB for more action.

Now in terms of unknown retail trader, this market is so rigged that virtually impossible to get a clear direction of where the next trend is going to be? Of course that’s exactly how manipulators planned it… to confuse everyone. Those who have wisdom, can read our blog & take their own decision for making money & not getting fooled by the manipulators.

Today On 9December, it could gap up quickly in the morning to squeeze out yesterday's new shorts, but it should turn back down and close flat or lower. That’s a big “could”, and not a “will” gap up.....as the market is very deceptive on the short term right now. Nifty fut will face resistance at 5965 level, if this level is crossed with high volumes and Nifty fut is able to sustain above this level, then we can see an upside in nifty till 5982-6010-6038. For every rise till 6038 is not crossed in coming days.... we recommend all members not to leverage positions, instead keep booking your longs. So, use every rise for profit booking, and not for leveraging long positions. Today should be no different as the roller coaster ride may continue. For intraday on the lower side Nifty fut has support at 5880 level, if this level is breached and sustained then we can again see panic selling & nifty touching 5835-5810-5792 levels. Till Nifty fut is trading below 5982, bears will continue to attack decisively at every rise. More the time Nifty fut remains below 5982 more the bears will become strong and will try to take charge . If Nifty fut breaches the level of 5880, then sudden sharp selling can come in markets. Nifty fut range for the day will be 5880-5982, breakout of this range on either side can show sharp movements. It’s hard to say for sure what manipulators are thinking, but we are sure their aim is to steal the money from the new retail bulls, and not to allow the bears to profit from the sell off. Read the facts provided for knowledge & use your own wisdom to trade in this market.
COMMODITY ALERT: Silver support 42320 & Copper support 394....buy on every dip for intraday & few coming days!!!! Dont panic at lower levels & Buy now today for hugeee gains in few hours . While updating (today on 8December evening) this post Silver cmp-42814 & Copper cmp-403

Nifty Future Levels

  • Resistance - 5965-5982-6010-6038
  • Support - 5880-5835-5810-5792

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