Market outlook for the week 4-8July

During the last week the markets made significant gains and barring a few, all sectors made robust gains. The important aspect of trade was that the Nifty managed to hold on to its psychological level of 5600. Nifty and Sensex both gained 3% during the last week while the CNX Midcap Index also made 3% gains. The Bank Nifty was up 3.75% while the BSE Capital Goods gained 4% during the week. The BSE Realty up 4%, BSE Auto down 2.5% and BSE Metal closed with 4% loss. On the last day it was a cool-off day for the markets after gaining robustly for the last few days.

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

In current scenario the bears are seriously wounded right now, as a whole lot of technical resistance levels have been broken. The bulls are in full control, and only if they decide to take a day off and rest.... will the bears regain any ground… and somehow we they will rest if 5755 level is not crossed in coming days!!!! Nothing goes straight up forever.....if it did, then the little guys ( sheeps) would make money and the big boys( manipulators aka wolves) would lose money… which you know isn’t going to happen. The wolves will always trick the sheep into giving their money to them (unwilling of course). This time is NO different!

So what happens next week is a tough call. Everything still looks very bearish, but the market still hasn’t broken major support of 5580. It could break up the resistance 5755 and squeeze the bears one more time, or fool the bulls and break down through support 5580. So for this week the major triggers are 5580-5755 levels. Decisive breakover of this range on closing basis will decide the further movement. Besides this the major thing is that we have too add in the “manipulation factor”… meaning, “What do the manipulators have planned?”

In last few weeks Nifty rallied about 500pts from low & this rally came when almost everyone was highly bearish, but we warned everyone of sudden sharp uprise in markets till 5624-5692 levels, & market made high of 5702 last week. Those who followed us sitting on money mountains & all others trapped badly in longs. Retail trader who was unaware of market direction was trapped on both sides. 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.



The bears still have hope as long as the bulls don’t breakthrough the resistance 5718-5755… which should be a resistance zone for bulls. That would be the ideal place to get short if they gap the market up tomorrow morning. But if they gap over resistance-5755, they could force a short squeeze from everyone who placed their stops just around there. We think the bears will be well rested and ready to defend that line against a bunch of very tired bulls. There are so many things that could happen, it’s hard too figure out what the gangsters are planned next. Even the die hard bears might be sleeping and not see this move coming. We think that the bears are now looking to exit any shorts that they had and are expecting a big bounce from the support area of 5580, that the market is current in right now. We see many people that were bearish... now switching to bullish & remember one thing that these manipulators use these sentiments to take money from us sheeps.

For the week starting from 4July, Nifty fut will face resistance at 5755 level (intermediate resistance at 5692-5724), 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 5772-5795-5840+ . For upside move one must concentrate on consecutive closing above the resistance level given above. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 5580 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nity fut slide down to lower levels of 5548-5490-5424. Any close below 5580 level will be energy booster for bears and bulls might loose grip over the market. Consecutive close below 5580 will make bears rule the market and will try to make the whole scenario turned into bearish for a while. The week will witness some action packed fight between bulls & bears to take the charge for complete month. In current scenario the bears have joined the bull party, and this signal is always bearish. Remember one thing "The best time to buy is when bulls go short & best time to sell is when bears go long." In short term the upside now seems to be capped & manipulators will try to re-energise the bears for a fresh ride after a mild upside. 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. Those who have wisdom, can read it & take their own decision for making money & not getting fooled by the big fishes of this share market ocean.

It’s up to us to figure it out of course, but never forget to expect the unexpected..... Read the facts provided for knowledge & use your own wisdom to trade in this market.

Stocks for the week

• Apollo Tyre
• BGR Energy
• Selan Exploration
  
• BASF India
  
• Patni
• Brigade Enterprise
• Titan Industries
• Shriram Transport
  

================================

Intraday Calls

For LIVE MARKET CALLS, Click here.

For all trades, keep trailing your stop loss once the stock is above the buying price. Don't take delivery of any intraday call. Avoid spike buying.

==============================

For live market updates and stock calls, add our yahoo id- eaibsecurities@yahoo.com

Note- To Get all calls on mobile through SMS, Join our groups, FULTOOMASTI & EAIB Securities . Join both groups.

Only accuracy here!!!!

For any queries, Contact us at-
E-mail : eaib.securities@gmail.com
Mobile No.: 09935466303