The manipulators once again tricked us all with their monopoly money used to push this pile of bull crap up higher all last two weeks, and making the retailers think that bull run has started once again. We all know that this thing is really going to collapse hard when the manipulators pull the money out in coming time before June, but we are still expecting some type of decent move down before then. Of course there is plenty of bad news out there which could be blamed for any future down turn in the market.
You don’t really think they will take it straight down allowing you to make money as a bear do you? Of course not, they will trick you every step of the way. If you are not short, then we would just wait until the backtest happens then then get short. We know… you might be asking “what if it doesn’t do a backtest”? That’s possible, but unlikely when you are trying to make a short term top. Most of the time it will pierce it slightly (to trap bulls into thinking it’s a breakout), and then sell off for awhile. With all the negative news in the world today, we just can’t see another straight up move. But, we all know that the gangsters manipulate this market to steal our money and trick us at every corner. So… expect the unexpected!
You don’t really think they will take it straight down allowing you to make money as a bear do you? Of course not, they will trick you every step of the way. If you are not short, then we would just wait until the backtest happens then then get short. We know… you might be asking “what if it doesn’t do a backtest”? That’s possible, but unlikely when you are trying to make a short term top. Most of the time it will pierce it slightly (to trap bulls into thinking it’s a breakout), and then sell off for awhile. With all the negative news in the world today, we just can’t see another straight up move. But, we all know that the gangsters manipulate this market to steal our money and trick us at every corner. So… expect the unexpected!
For the week starting from 27September, Nifty fut will face resistance at 5938 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 5968-5995-6024 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 6024 levels, failing to do so and closing below 5810 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 5784-5740-5665. 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 5784-5968, ans a brodaer range looks like 5665-6024 however on higher limit of these ranges, chances for sudden profit booking will be of high probability.
We recommend all traders to watch the range 5784-5968, as this range is very crucial for this week, breakout of range on closing basis on either side will lead to sharp movements. So, trading strategy must be made only after watching this range. On lower side 5740-5784 is support zone, & if Nifty dont breaches 5740 level on closing basis, then we can see bounce back in markets from lower levels, on higher side 5995-6024 is resistance zone. In this April expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are adviced to hedge all the positions accordingly, and dont trade blindly without judging the market movement.
We recommend all traders to watch the range 5784-5968, as this range is very crucial for this week, breakout of range on closing basis on either side will lead to sharp movements. So, trading strategy must be made only after watching this range. On lower side 5740-5784 is support zone, & if Nifty dont breaches 5740 level on closing basis, then we can see bounce back in markets from lower levels, on higher side 5995-6024 is resistance zone. In this April expiry we may see some steep movements in markets and markets may show some clear one side direction. Traders are adviced to hedge all the positions accordingly, and dont trade blindly without judging the market movement.
Nifty Future Weekly Levels
- Resistance- 5938-5968-5995-6024
- Support- 5810-5784-5740-5665
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Stocks for the week
- Petronet LNG
- SUN TV
- Rico Auto
- Vikas Globalone
- Jamna Auto Ind.
- Kwality Dairy
- Sumeet Industries
- Zee Entertainment
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ReplyDeleteThanks for sharing.
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