In last few 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 bulls took the ball back and regained some of that lost yard by bouncing back from lows. 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 5880 mark on closing basis, 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 one's odds 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 16December & coming days, Nifty fut will face resistance at 5954 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 5978-6005-6035 levels. However 5978-6035 level, will act as a major hurdle on upside, and in order to make Nifty surge upto higher levels, before the final correction takes place, Nifty has to sustain and close above 6035 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 5870 level, breaching below this level we can see Nifty fut sliding down to the levels of 5840-5790-5755. However 5840 level can act as good support level on downside, and also as a sentimental level for all bullish traders. Breaching 5840 level decisively, will provide a party time for bears!! Immediate Nifty future range seems to be 5840-5978 & a broder range 5755-6035. These next few weeks are likely to be very boring, with low volume days ruling the market. Any selling will be done by the big institutions as they slowly offload their shares at the top to us unknowing sheep. They can’t do it all in one day, so it has to be done slowly. They need the market to stay up around the current levels to rob the most sheep ( unknown retail traders). The above given market range is the “offloading zone” we believe. A range bound market is likely to continue until this year is over. It’s up to us to figure it out of course, but never forget to expect the unexpected..... Read the facts provided for knowledge & use your own wisdom to trade in this market.
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 one's odds 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 16December & coming days, Nifty fut will face resistance at 5954 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 5978-6005-6035 levels. However 5978-6035 level, will act as a major hurdle on upside, and in order to make Nifty surge upto higher levels, before the final correction takes place, Nifty has to sustain and close above 6035 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 5870 level, breaching below this level we can see Nifty fut sliding down to the levels of 5840-5790-5755. However 5840 level can act as good support level on downside, and also as a sentimental level for all bullish traders. Breaching 5840 level decisively, will provide a party time for bears!! Immediate Nifty future range seems to be 5840-5978 & a broder range 5755-6035. These next few weeks are likely to be very boring, with low volume days ruling the market. Any selling will be done by the big institutions as they slowly offload their shares at the top to us unknowing sheep. They can’t do it all in one day, so it has to be done slowly. They need the market to stay up around the current levels to rob the most sheep ( unknown retail traders). The above given market range is the “offloading zone” we believe. A range bound market is likely to continue until this year is over. It’s up to us to figure it out of course, but never forget to expect the unexpected..... Read the facts provided for knowledge & use your own wisdom to trade in this market.
COMMODITY ALERT: As told by us last week to buy silver @42810 & copper @403...you all must have watched silver making high 45085 & copper making high 421.5...huge profits in both buy calls in few days!! Now moving ahead for coming days Silver Res-45210 & Copper Res-421....crossover of these resistance levels in both will show some sharp upside!! Till Silver is not breaking 42320 & Copper 416...use every dip to buy!! We are bullish on silver & copper in medium term time frame. All these levels already provided in last 2-3 days on our FACEBOOK Profile, CLICK HERE TO JOIN.
- Silver Res-45210-46000 Sup-44265-42320
- Copper Res-421-435 Sup-416-402
- Gold Res-20832-21000 Sup-20540-20370
- Crude Oil Res-4050-4118 Sup-3965-3930
Nifty Future Levels
- Resistance - 5954-5978-6005-6035
- Support - 5870-5840-5790-5755
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