Market outlook for the week 10-14October

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For this week, the overall week should be a range bound with positive bias if crosses 4948 on upside. We know that seems strange to say, but after a large move down there is usually a bounce…..even if it’s only a small bounce. This process of slowly pulling the band-aid off the wound is more painful, and will do more damage, then to just pull it off quickly. Think like gangsters, and you’ll figure out that most amateurs went short on lower levels around 4800, thinking a crash is coming. So what would you do to steal there money? We would gap it up a while and create a short squeeze. Thinking outside the retail trader's mind here, and thinking like a manipulators, we would  rally the market up hard for some days, leaving almost no dips for the trapped bears to get out, or the retail bulls to get long at.  Then in last week turn it back down for what the retail bulls would think would be the first buying opportunity before another  upside into the months November and December.  Most everyone will be expecting a happy upward movement, and believe the worst is behind us. Overall sentiment of the market for short term is looking scary with many geopolitical news on board. As we have already mentioned many weeks before that global negative sentiment could inch much higher....making the whole scenario from bad to worst. 

So traders with no knowledge of market direction & with no proper advisory, must not do trades.....as they will end up in loss at the end due to lack of trading strategy!! So we gamble in this casino game called the stock market, thinking that’s it’s not actually gambling because we can use some form of technical analysis to logically predict where the market is going.......only to realize that the market doesn’t operate on logic & technicals, but instead it operates with the sole purpose of taking your money!!

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

For the week starting from 10October, Nifty fut will face resistance at 4948 level, and in order to maintain uptrend and keep hope for bulls alive, it has to cross & close above this level for consecutive days. This week will be divided in two parts for bears & bulls, showing action one by one. Once Nifty fut manages to sustain /close above this level 4948, we can see upper levels till 4990-5040-5098 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 4990 levels, failing to do so and closing below 4805 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 4805 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 4714-4665-4540. Any close below the mark of 4714 will create panic once again in markets. So, the initial trading sessions of this week will be of greater importance to decide the further movement of markets. On lower side 4805-4714 are major supports & it can be a short term bottom for markets. Immediate range for the markets look like 4805-4990 & a broader range looks like 4714-5098. All the flash crashes/uprise in intraday in past few days 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...as you al have seen in past trading days!! Last days of last week of october seems to show some next trigger for markets. Stay tuned with us. 

Be prepared for some wild swings, and don’t get married to your shorts/long trades. Exit with a profit, and don’t wait for “the big one”, as you’ll likely be whipped out before it happens. 

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

  

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