In our market view for last week, we clearly & boldly said that last days of January will witness major trigger & we have already warned about the recent crash on 7January on yahoo messenger-
In January mkt high 6209 & low 5438....771pts fall in one month....when we told that 2011 would be a bear dominant year, many traders/analysts laughed at us....but now all of them have become bears too leaving behind their bullish view. We are the first one to reveal market direction & levels to all of you & that too well in time....and in coming days/months, whole India follow us & shout about those news!! We love to see people copying our news. One Can see previous few posts to read whole story told by us on Nifty & Commodity market.
Team EAIB always provides authentic & highly accurate market view to all of you, and those who follow us mint money in tons. Those who are new to this blog, read the following few posts to judge the accuracy & power of Team EAIB.
For the week starting from 31January, Nifty fut will face resistance at 5554 level, if market maintains to cross and sustain above this level then we can expect the bulls to once again gear up easily for a new ride, and taking Nifty fut to higher levels of 5594-5665-5714 . For upside move one must concentrate on the closing above the resistance level 5594. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 5440 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nifty fut slide down to lower levels of 5375-5310-5224. Any consecutive close below 5440 level will be energy booster for bears and bulls might loose grip over the market. Consecutive close below 5440 will make bears rule the market and will try to make the whole scenario turned into highly bearish for a while and will move markets down by 5-10%. The week will witness some action packed fight between bulls & bears to take the charge. In the current markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stop loss on both longs and shorts. So, always try to follow the levels and trade accordingly with your own wisdom
Commodity Alert
- Silver Res-43925-44620...for a while use all uprise in silver to exit long positions. On down side we can see 42565-41360-40300. Silver has major short term resistance at 45270.
- Copper as said last week also, firinggggggg oneway to touch a high of 451.7....we were highly bullish on copper & gave tgt-460+...Now njoy hugeeee profits in our buy call. Consecutive close abv 451 will take it to 454-460 levels. Downside major support 427, downtrend will start only once it breaks below & close below this level.
- Gold as told by us now hitting our target of 19665 from highs of 20800...still looking weak, sup-19200 res-20172. Use rise to exit long positions.
Nifty Future Weekly Levels
- Resistance - 5554-5594-5665-5714
- Support - 5440-5375-5310-5224
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Stocks for the week
- GEI Ind.
- Asahi Infra
- Talwalkars Fitness
- Astra Microwave
- Panacea Biotec
- TCI Finance
- Aditya Birla Nuvo
- Reliance Infra
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