Market outlook for the week 2-4April

As we have told everyone on Sunday 25March, that 5398 is a hurdle for bulls...exactly the same happened & bulls were not able to cross the markets above this hurdle & we hope all of you must have enjoyed the crash from higher levels to a low of 5133, against our given  support of 5135 level. We clearly told in market view for last week that lower limit for markets is 5190 on closing basis with daily support at 5135 & you all must have watched nifty fut bouncing back sharply to 5360 from low of 5133. More bears were shook out the tree as buy programs come to the bulls rescue once again on lower levels. It’s just another way of shaking more shorts out of their positions. You sell off one day, get the bears to go short at the low, rally back up the rest of the day to squeeze them out. Then sell off again the next day, get a second round of bears to go short at the low, and rally back up again… squeezing once again. So the basic need for getting profits in this current market is the accurate advise or knowledge of market direction & levels....without which you will be on losing side at the end of each day!! Team EAIB always provides authentic & highly accurate market view to all of you, and those who follow us mint money in tons. 

The market last week was enough to make both bulls and bears alike “sick too death”. When is enough… “enough”? There probably isn’t any retail traders left in this market as it’s clearly driven by computer bots trading against each other with our money of course. No one can make money in this kind of crappy market, except maybe the day traders who are knowing the news and only the really good one’s at that who are well aware of all insider facts. 

 Surely overall the bulls have been brutally butchered by bears in last few months, by bringing down nifty fut from 5551 to 5133 levels, crash of almost 8% from highs!! But the insanity continues day in and day out, as the bulls just keep on goring the bears with one thrust after another from down levels. This has been a very frustrating time for bears, as every sell off gets bought back up after few days down it seems. By the time the retail unknown bears get short, the sell off is already over. The plan is simple really… just repeated squeeze all the bears until the last bear is broke, and then crash the market! So, are all the bears broke yet? So for all daily or short term traders, the simple strategy to make money out of this market is to trade bi-directionally rathet than waiting for unidirectional move. 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. For positional traders, the market seems to be on bearside, so any uprise or bullride must be taken as a good opportunity to exit longs & get short. Bulls wont be saved for a longer time frame. There “will be” a “news event” or false flag that will cause the crash. To get a glimpse of whats going to happen next, you have too think about this from the manipulators point of view.

At this point it seems that every normally bullish trader is bearish, but not willing to go short until they see the big institutions go short first. Can’t say we blame them, as they’ve seen all the Bulls & bears squeezed into absurdity one by one.... the retail bull buy & markets tanks down...the retail bulls turns bear & sell, & the market surges up.....this is how the manipulators are taking away the money from retail traders of the market!! So now the traders are probably just sitting in cash. Trading without proper advise & knowledge of direction now is like playing a game of Russian Roulette..... you’re only click away from death, just like the market is now. As you pass the gun around, someone is going pull the trigger, and there’s going to be a real bullet in the chamber.

The Bulls own this tape right now, and the ball is in their hands. But this week will be a battle between the two, as they try to squeeze out both sides before either of the two takes charge completely. For this week, Nifty fut will face resistance at 5398-5455 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to sustain & close above this level, we can see upper levels till 5455-5514-5555. levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 5398 levels, failing to do so and closing below 5265 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5265 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 much lower levels of 5180-5135-5010. Any close below the mark of 5180 will create panic once again in markets. So, this week will be of greater importance to decide the further movement of markets. Traders must stay cautious on higher sides till 5398-5455 level and take positions after watching the market scenario thoroughly. 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. In current scenario the bulls have joined the bear party, and this signal is always bullish. Remember one thing "The best time to buy is when bulls go short & best time to sell is when bears go long." In short term the upside now seems to be capped tills bulls are holding below 5455-555 level & manipulators will try to re-energise the bears for a fresh ride after a mild upside.

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