Market outlook for the week 27-31December

As we said last week-

• "Overall immediate range for the markets for this week looks like 5880-6035........" whole week Nifty fut traded in this range.
• "a broader range of 5840-6124....A range bound market is likely to continue until this year is over..... " You all must have watched nifty breaking the 6035 & going upto 6062 yesterday....

What we said last week, CLICK HERE TO READ, & what happened actually, see yourself & judge our accuracy. We believe in showing live performance, rather than keeping past performance to show our accuracy. Read it, Believe it & then trust us!! Stay tuned with Team EAIB for getting highly accurate market view & Stock tips, well in time & well before anyone else start shouting to trade in it!!

Looking at the present market conditions, the intermediate term shows upside capped around 6135 level. Of course it could just as easily roll back down at anytime, but for now it appears that bears will give a tough fight to bulls now & and after a mad bull run, bulls are looking exhausted. We can’t say it’s going to be easy for bears, but again...anything is possible. So hang in there bears, we really don’t think we are going up too much further. Bears can njoy a party in coming days!!!!

This week, as long as the 6072 level, is not crossed bulls will take some rest & bears will attack decisively to drag down the markets. On the downside journey, support exists at 5980, and once this level is breached then expect sharp slide to 5930-5880-5840 levels. As we have told that 6072 is a resistance level, & if this level is crossed then bulls can inch higher upto 6090-6124-6195 levels, but the range 6090-6124 will be a resistance zone for short term & if markets reverts back from there, then we expect that area to stop the rally and then continue the selling. We are in a period now where the best thing to do is to book profits in long positions in resistance range (resistance zone can also be used to create fresh shorts with stoploss 6135) and buy again in support zone and not try to swing trade in and out of the market, as you might not get another good re-entry spot for shorts again. If we bounce any at all, the 6090-6124 zone (can be used as stoploss for all short positions for short term prospective) is now going to be resistance, and would be another good shorting spot. Any further bull action will only come only if markets are able to consecutively close above 6124 level. Best way to trade in these kind of markets is to follow the levels strictly, instead of speculating on the basis of expiry, day closing etc etc. Just think from manipulators point of view, think of it like this, if you tank the market (when no one is expecting it), then you can rally it later, when everyone is looking for a crash to occur.....and steal the masses money of course. Those who have wisdom, can read it & take their own decision for making money & not getting fooled by the big fishes of this share market ocean.

Our commodity view is still the same as provided in last week.
COMMODITY ALERT

•Silver having good support at 43570-42320, so use all declines to buy it. On upside it has resistance at 45210, once this level is crossed & sustained then we can see it moving to 46000 levels.
•Copper having support at 414 & resistance at 421. Use every dip to buy, above 421 it will fly high for targets 428-436+. Major support for long term positional traders is 394.
•Gold traders keep eyes on support range 20370 till the lower level is not breached decisively, we can see higher levels of 20720-20832-21000+ . For gold, positional traders can keep watch on 20290 level as a good support.

As said by us in last few days, we are bullish on Silver & Copper in medium term time frame. Both these commodities can show unexpected price levels in coming year.

The current market movement is a golden opportunity for traders to earn money in truckload. Those who are sitting sideways with money, are simply losing the lifetime opportunity for making profits. Members who want to earn handsome profits through our highly accurate & money minting calls , DON'T MISS to join our PREMIUM SERVICES. Join us fast today to enjoy money rain in coming days. CLICK HERE FOR DETAILS.

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Nifty Future Levels

• Resistance -6072-6090-6124-6195
• Support -5980-5930-5880-5840

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Stocks for the week

• OMDC
• Max India Ltd.
• JPT Securities
• KEC International
• Sabero Organics
• Goodricke Group Ltd.
• Amar Remedies
• Shriram Transport Finance

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