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Now in terms of unknown retail trader, this market is so rigged that virtually impossible to get a clear direction of where the next trend is going to be? Of course that’s exactly how manipulators planned it… to confuse everyone. Those who have wisdom, can read our blog & take their own decision for making money & not getting fooled by the manipulators.
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Right now, we think there are a lot of new retail shorts in the market from sell off last week, which was simply panic from the “unknown” situation in the news. So, retail traders really don’t know what is going to happen on Monday, but if things play out like manipulators did in the past, then Monday and possibly Tuesday will be UP days. If the past does work, then we can safely say that “this time it’s different” and actually be right for once. So for now, we will wait for a bounce to get back short again… and hope we get the chance!!!! While we will be in and out of our shorts many times on the way down, as we certainly don’t want to get caught in a short squeeze, we will try our best to figure it out and let everyone know so you too don’t turn a winning trade into a losing one. Be prepared for some wild swings, and don’t get married to your shorts/long trades. Exit with a profit, and don’t wait for “the big one”, as you’ll likely be whipped out before it happens.
Moving on to this week, it could gap up quickly in the to squeeze out new shorts, of last week, but it should turn back down and close flat or lower. That’s a big “could”, and not a “will” gap up.....as the market is very deceptive on the short term right now. Nifty fut will face resistance at 5580 level, if this level is crossed with high volumes and Nifty fut is able to sustain above this level, then we can see an upside in nifty till 5635-5694-5768. For every rise till 5635-5768 is not crossed in coming days......we recommend all members not to leverage positions, instead keep booking your longs. So, use every rise for profit booking, and not for leveraging long positions. As the uprise & bull move will be planned move from manipulators to steal the money by confusing the retail traders. This week should be no different as the roller coaster ride may continue. On the lower side Nifty fut has support at 5390 level, if this level is breached and sustained then we can again see panic selling & nifty touching 5320-5280-5165 levels. Till Nifty fut is trading below the range 5635-5768 bears will continue to attack decisively at every rise. More the time Nifty fut remains below 5768 more the bears will become strong and will try to take charge from higher levels. Nifty fut immediate range will be 5390-5635 & a broader range could be 5165-5768, breakout of this range on either side can show sharp movements. It’s hard to say for sure what manipulators are thinking, but we are sure their aim is to steal the money from the new retail bulls, and not to allow the bears to profit from the sell off. Read the facts provided for knowledge & use your own wisdom to trade in this market.
Nifty future weekly levels
- Resistance - 5580-5635-5694-5768
- Support - 5390-5320-5280-5165
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Stocks for the week
- KPIT Cummins
- OMDC
- SREI Infra
- Gokaldas Export
- Zee Learn
- LIC Housing
- Tata Global
- Tata Steel
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