Market outlook for the week 13-17February

Our bad habit of predicting accurate market levels & direction, making all our members enjoy money rain even in this highly deceptive & volatile market. Hope all of you must have enjoyed our magical resistance level of 5455 and sup-5235 last week. Also our positional stocks of Amara Raja Battery, EID Parry, Gitanjali Gems, Biocon etc etc gave profits in truckload in few days. 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

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Last week the markets showed some resilience despite IIP data being below expectations and closed with moderate declines. Realty, oil & gas and banking were the biggest laggards on Friday's session while metal showed significant gains. The Sensex closed at 17749, down 82 points from its previous close, and the Nifty shut shop at 5381, down 31 points. The markets performed well during the week and the Nifty outperformed the Sensex.  The Sensex was up 1% while the Nifty gained 3% during the week. Metal and banking led the rally and IT and auto, too, supported the indices well.

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 5455 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!

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

So what happens next week is a tough call. Everything still looks very overbought, but the market still hasn’t broken major support zone of 5320-5284. It could break up the resistance 5455 and squeeze the bears one more time, or fool the bulls and break down through support 5320. So for this week the major triggers are 5320-5455 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 700pts from low & this rally came when almost everyone was highly bearish. 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.

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

The bears still have hope as long as the bulls don’t breakthrough the resistance 5455-5498… which should be a resistance zone for bulls. That would be the ideal place to get short if they gap the market up. But if they gap over resistance-5455, 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 5320-5284, 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.

If we think like manipulators mind, we would do another gap down  to get the bears on board once again for another move higher later in the week… just like they did last Friday! This plan will get more bears on board at the bottom, and use them to fuel another short squeeze to get past the overhead resistance zone. This would leave the door open for a pull back this week. Bingo! The perfect evil plan.........To get a glimpse of whats going to happen next, you have too think about this from the manipulators point of view.

Now for the week staring from 13February, our market view & levels remains the same as we had mentioned earlier. For the week, Nifty fut will face resistance at 5455 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 5498-5585-5665+. For upside move one must concentrate on the closing above the resistance level 5455. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 5320 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nifty fut slide down to lower levels of 5284-5235-5180. Any consecutive close below 5284 level will be energy booster for bears and bulls might loose grip over the market & will make bears rule the market and then  Bears will try to make the whole scenario turn into highly bearish for a while for moving markets down by another 2-3%. The week will witness some action packed fight between bulls & bears to take the charge. In the current markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stop loss on both longs and shorts. 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.

It’s up to us to figure it out of course, but never forget to expect the unexpected..... 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.

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