Market outlook for the week 4-8June

Those who were searching here & there, about the reason why market surged up so sharply...just click here & read the whole post. We always say, don't be a bull or a bear, go with the trend & experience the joy of success. Even in this highly volatile market, 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 & multiply your wealth. 

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Now in terms of unknown retail trader, this market is so rigged that virtually impossible to get a clear direction of where the next trend is going to be? Of course that’s exactly how manipulators planned it… to confuse everyone. Those who have wisdom, can read our blog & take their own decision for making money & not getting fooled by the manipulators.

 

In last few weeks we have seen market showing highly deceptive moves & a roller coaster movement. All retail traders who was unknown or was not having any good advisor, were unable to catch the direction of the market & 90% traders got stop loss triggered on both sides. Moving ahead for this week we are expecting some more dicey moves to reset the charts. How much........ we don’t know? But the charts are worthless in this controlled market. We do see manipulators continuing to stretch the dicey ride further, with more pain for the traders. We are just not believing this manipulation, but that’s what they want us to do.........so we will go broke chasing a top. So again, unless some surprise event happens this week, it’s business as usual.......meaning, “screw the bears” and “lead more bulls to the slaughter house”. Just play it safe everyone, as chasing this bull is going to break you if you don’t take a breather and still out from time to time. Riding the bull takes guts, as he can throw you at anytime.

 

 

In last few days we have seen some roller coaster rides in markets. On friday also the bears regained the ball, after an early fumble in the week. In the end of the week, the bears took the ball back and regained some of that lost yard by holding below 4870 level & crashing down to 4810 from week high of 5011.  It’s about time! But the question arises is that, till how long the bears will able to hold the ball?? The answer in current scenario seems to be, VERY LESS TIME if they are not able to break 4740 in early trades!! Till the bulls are able to keep Nifty fut above 4740 mark on closing basis, bulls will try to regain the strength & bounce back from lows. But overall, we just have the feeling that the direction isn’t going to be straight! Meaning, we are looking for some choppy action in markets, to lure in some bulls and shakeout some bears.  If we get that big move down early in the week, then it could bounce back into the last days of the week. If it’s weak all week then wait until Friday to see if it looks ready to roll over.  We know we are close to a short term bottom, but we can’t pick it exactly. These coming few weeks could be few of those weeks that puts in a final bottom followed by a sharp bull action, as we never know what news they could release over the weekend? Remember, most crashes are on Friday and Monday...... just food for thought. 

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. Trading in the stock market is nothing more then gambling, with the added benefit of being able to increase one's odds of winning by piecing together technical analysis, politics, and just good old fashion “gut” feelings and of course manipulation, corruption, lying, stealing, and cheating by the stock market crooks. Every move is planned out months and years in advance.  

 

 Now moving forward for coming days, the bears need to gap this thing down below support 4740, or the bulls are going to stage another massive murder of them. If bulls are able to hold the markets above 4740 level (as this level is the hope for bulls on downside), then surely bulls can gain strength once again. But moving onto the higher side bulls have barrier at 4820 level, if they are able to cross this barrier then they will inch higher upto 4880-4914-4965. Above 4965, Moving on to higher side  5018 will be the next hurdle for bulls, and an extra adrenaline rush would be needed to cross it. Contrary to this bull side, if bears are able to restrict the bulls from marching higher & pull the markets down below 4740, then we can see selling coming in markets & Nifty fut showing levels of 4680-4590-4530, break below 4530 will be an energy booster for bears for yet another mass butchering of bulls.. However the bears will be having a tough fight with bulls in lower levels around 4740. Bears have to work hard to break the support 4740 on closing basis, in order to save themselves from getting butchered by the bulls once again. Overall immediate range for the markets for this week looks like 4680-4880, & a broader range of 4530-5018. All downside below 4590 (if comes)  in markets is the “offloading zone” for bear positions we believe. A range bound market is likely to continue for few weeks. It’s up to us to figure it out of course, but never forget to expect the unexpected..... Read the facts provided for knowledge & use your own wisdom to trade in this market.

 

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