Looks like the market rallied in last three days as expected. We don’t have anything to add today, as we explained it all in our weekend post. As expected, above 5824 markets rallied to touch 5991 yesterday. The run above 5998 mark, would be an unexpected move & can be seen as another manipulative move to surprise the retail traders. Nothing much has changed from our weekend post. So far everything is following the plan. Of course life is never that easy, and it wouldn’t surprise us if something happened too throw the plan off.
Moving on to today & coming days, markets are trading above the intermediate resistance of 5972 level, & if bulls cross & sustain above 5998 level then a lot of stop loss for shorts will hit and all bears will run to cover their shorts. This short covering can take markets to higher levels of 6038-6055-6082. In this rally however the range 6055-6082 will be resistance zone & would be hurdle for bulls for moving up. In the meantime if bears are able to stop the bull ride from crossing the resistance zone, then it could be party time for bears. Support for bulls exist at 5945 level, if this is breached then we can see nifty fut sliding down to 5920-5878-5850. For intraday & coming days the immediate range look like 5920-6082, with bear attack expected on higher levels. Markets are trading on fake sentiments, & all up rise is manipulated, so all traders must stay cautious & must hedge all their long/short positions in order to save their hard earned money from these crooks. The bull won’t know what hit him, as the bear is sneaky and will attack from behind. Payback will be brutal and swift as bear seeks his revenge. Current market is surely not for low risk traders, as this market wont let them earn & will make them hit stop loss both for long/short positions. Manipulators have succeeded in controlling this market every step of the way, and last few days were no different. Your mind is now being programmed to believe whatever lies they want to tell you. The best way to deal in this market is to respect the levels & trade bi-directionally rather than to wait for unidirectional gain in speculation. Remember, crooks are “the Fox” and we are “the Sheep”! They are trying to steal your money, so don’t believe anything they say.... we certainly don’t. Read the facts provided for knowledge & use your own wisdom to trade in this market.
Nifty Future Levels
- Resistance - 5998-6038-6055-6082
- Support - 5945-5920-5878-5850
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Intraday Calls
- Syncom Healthcare abv 50 tgt-52.5-56.4-58+
- Onmobile global abv 298 tgt-302-309-324
- Trinethra Infra abv 25 tgt-25.6-26.5-27.2
- Hindustan Copper abv 339 tgt-344-351-365+
- Also watch OMDC, Liberty phosphate, ISMT , Prime focus.
For all trades, keep trailing your stop loss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.
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