Read the facts provided for knowledge & use your own wisdom to trade in this market.
Moving on to this week, markets are trading above 5456 mark, & if bulls cross & sustain above 5538 level then a lot of stop loss for shorts will hit and all bears will run to cover their shorts. This short covering can take markets to higher levels 5595-5648-5692. However the range 5538-5595 will be resistance zone & upper limit of range would be hurdle for bulls for moving up. In the meantime if bears are able to stop the bull ride from crossing 5595 level, then it could be party time for bears. Support for bulls exist at 5424 level, if this is breached then we can see nifty fut sliding down to 5368-5320-5272. For this week the immediate range look like 5424-5538 (Broader range 5272-5595), with bear attack expected on higher levels, breakout of this range on closing basis will decide the further direction & movement of the markets. Markets are trading with highly volatile conditions, & all up rise is manipulated, so all traders must stay cautious & must hedge all their long/short positions in order to save their hard earned money from these crooks. The bull won’t know what hit him, as the bear is sneaky and will attack from behind. Current market is surely not for low risk traders, as this market wont let them earn & will make them hit stop loss both for long/short positions if he is not having a good advise or knowledge of trades. Manipulators have succeeded in controlling this market every step of the way, and this week will be no different. Your mind is now being programmed to believe whatever lies they want to tell you. The best way to deal in this market is to respect the levels & trade bi-directionally rather than to wait for unidirectional gain in speculation. 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.
In this August expiry, we will see a sharp oneside move in markets & surely it will surprise all the retail traders. To know the direction & trades according to it, join our SURESHOT SERVICE today. Dont miss this golden opportunity to njoy money rain in Equity & commodity markets .
Stocks for the week
- Everon
- Vadilal Ind.
- ABG Shipyard
- EID Parry
- TCI Finance
- Lupin
- Kilburn Chemicals
- Marg Ltd
Intraday Calls
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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.
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