Market outlook for the week 5-9December

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Indian equities continued their winning streak last week as investors enlarged their positions in banking, oil and metal counters. The Nifty December F&O series, too, kick started on an upbeat note as buyers shrugged off all earlier global concerns and bought blue chips across the board. On Friday, Sensex closed shop at 16846.83, higher by 363.3 points or 2.2% and the Nifty spot ended up 113.3 points or 2.29% at 5050.1

 

Well, since the upside on last few trading sessions caught many bears off guard, it’s not likely to have filled the boat with them going into coming week. Just guessing of course, but we would say that all the bears that got short on lower levels below 4750 are now squeezed out. The relentless move up the last few days of the week threw those bears overboard we would bet. All bears were thrashed down by bulls badly.

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

We all know that this market is insanely manipulated and totally disconnected from reality, but those are the facts… and we can’t change them! So, you just have to ask yourself “will we crash first, and then rally back up?”, or is it “more likely that we will go up first and then crash later?” We think the answer is obvious!

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.

If things were strictly based on the charts, the market would tank shortly. But we all know that’s not the only thing to consider. We have to add in the “manipulation factor”… meaning, “What do the manipulators have planned?” Since we are still in a bearish mode (barely… and debatable), and there were likely a bunch of bears that got short over the weekend expecting a crash on Monday, we would say there will be a quick pop early on to backtest the highs of around 5114 & if manages to cross this level then watch bulls flaring upto 5255, followed by a sell off later on.....this will make bears squeeze out & trap bulls on higher levels...this way both bears & bulls will be ditched & manipulators will take away money from both of them. You know they are going to steal your money, so what logic says....the adverse of that will happen.

 For the week starting from 5December, Nifty fut will face resistance at 5114 level, 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 5172-5205-5255. For upside move one must concentrate on consecutive closing above the resistance level 5114. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 5010 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 4972-4910-4840. Any close below 4910 level will be energy booster for bears and bulls might loose grip over the market, in that situation we can expect sharp decline towards 4840-4755. In this week traders muct watch the range 4910-5255, breakout of this range will decide the further movement and will show some sharp movement. All traders must keep booking profits at every rise in markets, till the market is able to not able to hold above the levels of 5114-5255 and on lower side if the markets breaks & close below 4910 , one must get alerted for all long positions. Better to trade with levels and not with sentiments. The upper-lower limits of range must be used for all long/short positions for this week. Intraday Nifty fut levels will be provided, for more precised market movement, stay tuned with EAIB Securities. Read the facts provided for knowledge & use your own wisdom to trade in this market .

Nifty future weekly levels

• Resistance - 5114-5172-5205-5255
• Support      - 5010-4972-4910-4840

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