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Sunday, March 25, 2012

Market outlook for the week 26-30March

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 India comes up shouting about the levels & trades given by us, after they are posted here on our blog & FACEBOOK. Those who missed all the action, CLICK HERE & judge our accuracy yourself. Those who follow us, enjoying money rain everyday, all others getting trapped in manipulators dirty game!! Stay tuned with EAIB Securities for more action.

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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