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 5624 and sup-5455 last week.
Last we told market range as 5455-5624, And whole India watched Nifty fut crashing from 5635 level to 5465
levels in a flash. All those who follow us & are sincere reader of
our blog made handsome profits.
All those who were bullish on
higher levels above 5600 levels, were caught by the bears & were
severely punished. Looks like the rats are getting caught in the mouse
trap. Maybe the cheese was too sweet to pass up?
Those who missed all the action, Click here to read it & judge yourself.
Read the facts provided for knowledge & use your own wisdom to trade in this market.
Whats going to happen in markets? Whether bulls or the bears will get
the next high dose of Viagra? No one knows for sure of course, but
everything we see now is pointing to some really unexpected movement to
come within next couple of weeks. While the bears aren’t officially
dead, they need to make a stand this week or else they will lose the
5624 major resistance level.
One thing we want to share with every market trader is that don't
leverage naked positions in this market, as the first half of 2012 is a
part of the game, & the whole movie is still to come. So
better trade on levels & trade bi-directionally rather than trading
on unidirectional sentiments without stop loss.
For the week starting from 6June, Nifty fut will face resistance at 5572
level, and in order to maintain uptrend and keep hope for bulls alive,
it has to close above major hurdle of 5624 level for consecutive days.
Once Nifty fut manages to cross 5624, we can see upper levels till
levels 5665-5714-5755. However Nifty fut will face good selling pressure
on rise and will need good volumes to cross 5624 levels, failing to do
so and closing below 5455 levels, it will again slide down to lower
levels. On lower side Nifty fut have support at 5480 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 lower levels of
5455-5372-5320. So, the initial trading session of this week will be of
greater importance to decide the further movement of markets. Traders
must stay cautious and take positions after watching the market
scenario. Overall for the markets the narrower range is 5455-5624, and a
broader range looks like 5320-5755, however on higher limit of these
ranges chances for sudden profit booking will be of high probability.
Last day of this week or beginning of next week can show some trigger
for markets. On a short term view if manipulators gap over 5624 level
they could force a short squeeze from everyone who placed their stops
just around the same level. But Don’t fall in the trap of thinking
that this market is going up forever and that the uprise coming is the
start of a new bull trend… it ain’t happening! This is only one last
attempt by the manipulators to get all the bears off the train before
it leaves for “Dark Territory”.
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.
Commodity Alert
- Silver if holds above 56665, then on upside it will face hurdle at 58800-59672-60300
- Gold if holds above 28400, then next upside move will take it to 28800-28980-29135
- Crude Oil if holds above 5355, then next upside target-5410-5470-5535
- Natural gas if holds above 128, then it can move towards 135-144-158
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.
================================
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