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 njoyed our magical resistance level of 5398-5455 and
support levels of 5260. Team
EAIB providing you all the most accurate market view well in time
before anyone else tell it, and making everyone enjoy the money rain. Whole
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The Bulls are slowly dying but we suspect they will try for one more
uprise, before finally rolling over and giving up. The pattern that we
are in is very similar to the topping period in last year. Market
showing clear signs that the it is doom and will rollover very soon. We
are still in a rising channel and haven’t broken out of it yet. This
whipsaw action is too be expected when the bulls are finally running
out of steam. Oil is telling us the real story here, at it’s been
rising steadily every day like Team EAIB said it would. Soon, oil will
reach a level that will be viewed by the market as bad for the
recovery......which means a sell off in equities. It should back off
some, which could happen this week or next week and then push up past
it to new highs this year. If it sells off some this week or next week the market
could rally a little higher. We still believe we are in a topping
period that can’t last too much longer.
Right now, we think there are a lot of new retail shorts in the market
from sell off last week, which was simply panic from the “unknown”
situation in the news. So, retail traders really don’t know what is
going to happen on Monday, but if things play out like manipulators did
in the past, then initial days will be UP days. If the
past does work, then we can safely say that “this time it’s different”
and actually be right for once. So for now, we will wait for a bounce
to get back short again… and hope we get the chance!!!! While we will
be in and out of our shorts many times on the way down, as we
certainly don’t want to get caught in a short squeeze, we will try our
best to figure it out and let everyone know so you too don’t turn a
winning trade into a losing one. 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.
Moving on to this week, it could gap up quickly in the beginning to squeeze out
new shorts, of last week, but it should turn back down and close flat
or lower. That’s a big “could”, and not a “will” gap up.....as the
market is very deceptive on the short term right now. Nifty fut will
face resistance at 5398-5418 level, if this level is crossed with high
volumes and Nifty fut is able to sustain above this level, then we can
see an upside in nifty till 5455-5514-5555. For every rise till 5455 is not crossed on closing basis in coming days......we recommend all members
not to leverage positions, instead keep booking your longs. So, use
every rise for profit booking, and not for leveraging long positions.
As the uprise & bull move will be planned move from manipulators to
steal the money by confusing the retail traders. This week should be
no different as the roller coaster ride may continue. On the lower side
Nifty fut has support at 5220-5190 level, if this level is breached and
sustained then we can again see panic selling & nifty touching
5135-5084-5010 levels. Till Nifty fut is trading below
the range 5398-5455 bears will continue to attack decisively at every rise. More
the time Nifty fut remains below 5455 more the bears will become strong
and will try to take charge from higher levels. We expect the bears to slide down the markets arund 5000 levels in coming time, so bulls need to stay cautious on every rise. Nifty
fut immediate range will be 5190-5418 & a broader range could be
5010-5555, breakout of this range on either side can show sharp
movements. It’s hard to say for sure what manipulators are
thinking, but we are sure their aim is to steal the money from the new
retail bulls, and not to allow the bears to profit from the sell off.
Read the facts provided for knowledge & use your own wisdom to
trade in this market.
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