Last week clearly mentioned that manipulators will take market higher somewhere between 5780-5860 and then they will tank it down till 5465....What happened last week you all have seen that...One Ugly Week! making high 5795 & tanking down to 5478...and yesterday tanked down to low 5438....a downside of 357 points!!
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 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-
..and you all must have seen the massive crash coming in nifty fut on friday & yesterday (both are the last two trading days of January). Those who follow us are sitting safe with massive gains in shorts...all those who were bullish are now caught pants down by bears!!
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.
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.
Now for this week, the overall week should be a range bound with positive bias. We know that seems strange to say, but after such a large move down there is usually a bounce…..even if it’s only a small bounce. This process of slowly pulling the band-aid off the wound is more painful, and will do more damage, then to just pull it off quickly. Think like gangsters, and you’ll figure out that most amateurs went short on lower levels around 5440, thinking a crash is coming. So what would you do to steal there money? We would gap it up a while and create a short squeeze. The first two days of the week could be positive to squeeze the bears...we can see some major trigger on last two days of the week. Overall sentiment of the market for short term is looking scary with many geopolitical news on board. As we have already mentioned many weeks before that Oil prices could inch much higher.... making the whole scenario from bad to worst. So traders with no knowledge of market direction & with no proper advisory, must not do trades.....as they will end up in loss at the end due to lack of trading strategy!! So we gamble in this casino game called the stock market, thinking that’s it’s not actually gambling because we can use some form of technical analysis to logically predict where the market is going.......only to realize that the market doesn’t operate on logic & technicals, but instead it operates with the sole purpose of taking your money!!
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
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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