Those who were searching here & there, about the reason why market fell so sharply...just click at the link below & read the whole post. We always say, dont be a bull or a bear, go with the trend & experience the joy of success. Team EAIB provides you all the most accurate & timely market updates, so that you all can enjoy the money rain & can multiply your wealth. Stay tuned with Team EAIB to get all news well in advance.
Last week whole India was shouting that Markets will head higher in january & will make new highs in first week....but Team EAIB told you all on 31December (CLICK HERE TO SEE) that dont be in a doubt that worst is over..its still there & we will see downward reversal in markets.....and now the result is in front of you all....Nifty fut crashing down from 6209 to 5892, a massive 400pts crash from high in first week of January 2011. We told all of you to go short above 6200 levels, those who followed us now sitting on mountains of money & those who followed others are now no where in the scene..gone with the wind. All bulls brutally butchered by bears. In coming days if markets show a bounce back but dont get trapped in that., because that upside will be short lived. One advice to all bulls - DONT TRY TO PLAY WITH THE BEARS BY FOOLING THEM ;)
Moving on to this year of 2011 one more thing we want to reveal to all of you (in coming days whole india can come & shout about this) we expect some major uptrend coming in oil prices this year, and if sources are to be believed, this time manipulators can to continue up toward the price target of $120-$150+ per barrel. Everything is affected by the price of oil, and no one will be left “un-hurt” from the coming planned price increase.
Now coming to the stock 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 major movement to come within next couple of months. Current negative sentiments in markets will continue with a mild recovery in between, but all the upside will be an opportunity to exit only. The last year has been extremely painful for the bears. Many bears died on this bull train ride, but now the ride is almost over, as the last stop for the bulls was 6255 level. After that, the train heads straight south.....toward 5880-5770-5685 & more....these levels wont come in a single move instead it will be hit in a planned roller coaster ride...so use your own wisdom to trade. All the excessive eating the bulls did (leveraging their long positions, and using margin) is going to make them too fat to exit through the doors on the train, leaving them to get eaten by the hungry bears on board. And for all this bear party & downtrend reversal to proceed....we are also expecting for Wikileaks to release something damaging shortly, as “some news event” needs to be the blame for the sell off coming.
For the week starting from 10January, Nifty fut will face resistance at 5960 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 close above this level, we can see upper levels till 5998-6065-6124 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 6065 levels, failing to do so and closing below 5880 levels, it will again slide down to lower levels. On lower side Nifty fut have support at 5810 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 5770-5714-5685. So, the initial trading session of this week will be of greater importance to decide the further movement of markets. Traders must stay cautious and take positions after watching the market scenario. Overall range for the markets the narrower range is 5770-5998, and a broader range looks like 5685-6065, however on higher limit of these ranges chance for sudden profit booking will be of high probability. We can expect a bounce back from lows with sup-5810, but traders must not leverage positions on higher levels around resistance and must keep in mind that bears can loose grip a bit in order to make more n more bulls turn up, so that they(bears) can get a grand party by killing them all. Read the market outlook provided for knowledge, and use your own wisdom to trade in the markets.
COMMODITY ALERT
•Silver having support at 43570, below this it can go down to 42810-41500-39875 .Use every 2-8 % dip to buy this. On upside it has resistance at 45210, once this level is crossed & sustained then we can see it moving to 45572-46000-47000+ levels. Long term traders keep buying silver, to get huge & handsome gains in coming years.
•Copper having support at 427 & resistance at 445. Break below the support 427 will take it to 422-410 levels. Medium to long term traders buy it on evry 2-8% dip, medium term target at 460+ intact.
•Gold traders keep eyes on support 20290 till the support level is not breached decisively, we can see higher levels of 20720-20832-21000+ . Break below the support will take it to 20172-19665.
The current Equity/Commodity 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.
Nifty Future Weekly Levels
- Resistance - 5960-5998-6065-6124
- Support - 5810-5770-5714-5685
Intraday Calls
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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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