Market outlook for the week 16-20May

Last week we clearly told that on lower side support at 5440 & on higher side res-5642, and these levels need to triggeron closing basis to show next direction for the movement of market. But all of you must have watched Nifty fut trading in tight range for initial days of the week & then going down but not breaking sup-5440 & later bouncing back sharply but not crossed res-5640 & as a result crashed to 5536 again from 5622 level, we hope all of you must have minted money from these highly accurate & timely market view provided by Team EAIB. Whole India comes up shouting about the levels & trades given by us, after they are posted here on our blog. Read below mentioned posts, and judge yourself- CLICK HERE TO SEE

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

Last week it was wild swings in both the directions, which lead to trap both bulls & bears. Retail trader who was unaware of market direction was trapped on both sides. Whole week the market have shown roller coaster rides & confusing the retail trader to take the right decision. That is what the market is doing to most traders right now. It’s no secret of course, as that’s what “The Powers That Be” are trying to do... confuse both the bulls and bears, while secretly stealing their money. Well, We guess that’s why us sheep are still sheep and not wolves, because manipulators seem to pull these little tricks when not many are expecting it.


You all have to admit that everything this year has been the opposite of what all the retail traders expected. In coming days also, the manipulators will try to maintain this kind of movement in markets. So you can expect some wild swings to shake out the bulls and squeeze the bears to happen before the final sharp movement takes place. Remember, the gangsters don’t want to pay out any money to the option holders.....both calls and puts. Manipulators have the ability to keep markets up for as long as they want to. It seems they have an unlimited supply of Viagra, and nothing is going to stop them from continuing to push it up higher. They are in the driver’s seat right now, and it’s going to crash only when they are ready.




Now moving forward for coming days, the bears need to gap this thing down below support 5465-5440, or the bulls are going to stage another massive murder of them. If bulls are able to hold the markets above 5440 on closing basis, then surely bulls are having an upper hand. But moving onto the higher side bulls have barrier at 5595-5624 level, if they are able to cross this barrier then they will inch higher upto 5690-5755. Moving on to higher side 5595-5624will be resistance zone for bulls, and they would need an extra adrenaline rush to cross it. Contrary to this bull side, if bears are able to restrict the bulls from marching higher & pull the markets down below 5440 level, then we can see selling coming in markets & Nifty fut showing levels of 5372-5310-5257. However the bears will be having a tough fight with bulls in lower range 5440-5465. Bears have to work hard to break the support 5440 on closing basis, in order to save themselves from getting butchered by the bulls once again. Overall immediate range for the markets for this week looks like 5440-5624, & a broader range of 5310 -5690. All upside above 5624 in markets is the “offloading zone” we believe. It’s up to us to figure it out of course, but never forget to expect the unexpected..... So One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets.


Commodity Alert

• Warning all silver traders that in coming few weeks, we can see unexpected unidirectional move in Silver. We expect some severe correction in silver prices if it closes below 51640 level, on higher side res-55780.
• Copper sup-390 & res-410 intact.
  

For More COMMODITY UPDATE, CLICK HERE.


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

Nifty Future weekly Levels

• Resistance - 5595-5624-5690-5755
  
• Support - 5465-5440-5372-5310
  

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Stocks for the week

• VIP Ind.
• Cummins India
  
• Shanthi gears
• Lupin
  
• Haryana Leather Chemicals
• Northgate technologies
  
• Tamilnadu Petro
• ITC Ltd.

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