Market outlook for the week 25-29April

As usual...once again Team EAIB provided 100% accurate market view to you all & made all its members enjoy the money rain on both side movement of markets. Last week we clearly told "....In this week traders must watch the range 5740-5935, breakout of this range will decide the further movement ....." And whole world watched the magic of this range & Nifty future trading in this given range for whole week on closing basis. So on both sides our readers minted massive amount of money & enjoyed the bull-ride & bear attack both!! Thats the power of market outlook provided by Team EAIB.....we can make you earn in any kind of market with our highly accurate-authentic market view & trading calls.

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Read the facts provided for knowledge & use your own wisdom to trade in this market.

Well, since the crash on Monday caught many bears off guard, it’s not likely to have filled the boat with them going into Tuesday of last week. Just guessing of course, but we would say that all the bears that got short later hours of Monday or early trading hours of Tuesday of last week....are now squeezed out. The relentless move up the rest of the week threw those bears overboard we would bet. Meaning, we are not expecting much more upside immediately, without more bears to squeeze. If we think like manipulators mind, we would do another gap down on Monday to get the bears on board once again for another move higher later in the week… just like they did last Tuesday! This plan will get more bears on board at the bottom, and use them to fuel another short squeeze to get past the overhead resistance zone. This would leave the door open for a pull back this week. Bingo! The perfect evil plan.........To get a glimpse of whats going to happen next, you have too think about this from the manipulators point of view.

We think back to other times in the past when we have seen them fall short of an area that all the bears are waiting at, not allowing them on board. The bears then chase the move back down and get short heavily at the bottom of it. Time and time again, we have seen this happen… it’s what gives them the ability to have a big short squeeze. Other times we have seen them gap over a resistance zone to do a stop sweep and then reverse back down without any bears still in short positions......once again, stealing the retail trader's money.

Till now bulls are trying hard to sustain above 5740 mark on closing basis, but If it doesn’t by some odd reason, and it closes below the 5740, then we will need another conforming close below it before we’d be comfortable saying “the bear is back” & then we expect a 75-165pts downside movement (from 5740 level) in markets. Revengeful bears can also brutally murder the bulls & then this downside move can come in a single trading session also. Till markets are above 5740 level, bulls will regain their energy to fight back with the bears & show bounce back. However, we no longer live in a “free society”, where the stock market is actually traded freely with real buyers and real sellers. Now we have a market that is totally controlled by manipulators, so anything anytime unexpectedly can happen & change the whole scenario.

Moving onto higher side the hurdle for bulls will be at 5968-6024, as we have mentioned the importance of these levels in earlier few weeks also. And whole world watched Nifty fut reverting back down sharply from this range. Once we write the levels & Nifty future shows the importance in actual movement....whole India comes out shouting about those levels. If this resistance zone is crossed by bulls on consecutive closing basis we will see them flying like a Superman!!!!

Moving on to coming weeks we could still see markets bouncing up from lows (if the above mentioned support level is not taken off by bears), as the manipulators still have the printing press going on full steam. We all know how manipulators rotate from sector to sector, pumping each one to prevent the markets from collapsing. However, at some point, gravity will take over and market will sell off hard. All these flash crashes as shown on last Monday.... show you how vulnerable the market really is. One surprise false flag event, or some other major default, would crash this market in a heartbeat! So be on your toes, as when it falls, it will be fast and hard!!!!

For the week starting from 25April, Nifty fut is having support at 5840 level once this level is breached and sustained then we can see lower levels of 5810-5770-5740. For a brodaer view, Bears will gain strength once the support level of 5740 is taken off & this could lead them to show some real panic in markets. However in current scenario the bulls are having upperhand. but as we have mentioned in earlier market views also, that 5938 level is a near term hurdle for the bulls, & Nifty fut will face resistance around 5968, if able to cross & sustain above this then we can expect higher levels of 6024-6072-6155+ . Consecutive close above 6024, for short term the bulls will be the king of markets. Looking at the current scenario, Nifty fut have a support zone around 5740 so traders must stay cautious around these lower levels. Till markets are sustaining above 5740 level on closing basis, bulls will regain their strength to give a tough fight to bears. Bears will have a party time once again only if the markets give consecutive closing below 5740 level. Trading in this market without any knowledge/advice of market directions can be a losing game all in all, so a good advice is the basic need for minting money from this market. Being an expiry week we may see some steep movements in markets and markets may show some clear one side direction. Traders are advised to hedge all the positions accordingly, and don't trade blindly without judging the market movement. Read the facts provided for knowledge & use your own wisdom to trade in this market .

Nifty Future Weekly Levels

• Resistance - 5968-6024-6072-6155
  
• Support - 5840-5810-5770-5740
  

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Stocks for the week

• Vijaya Bank
• Cox & kings
• Fortis Healthcare
• STC
• Haryana Leather Chemicals
• Warren Tea
• Infosys
• Sintex Industries
  

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