Market outlook for the week 30July-3August

Current market movement is a clear example of manipulation, as without any specific reasons the markets are crashing down & recovering on the same day & vice versa.  All this monopoly money that the crooks are printing has changed the stock market game dramatically. The retail traders don’t stand a chance in this rigged game. We have no doubt that we are still within spitting distance of a bear attack in the market, but it seems that it can drink a few more beers before it pukes it's guts out. This market is seriously drunk now. Read the facts provided for knowledge & use your own wisdom to trade in this market.

The goal seems to be to get in as much naive public retail money as possible. Crooks create false buying to trap the sheeps (retail traders) & then buy tanking the markets later they create money bi-directionally & sheeps who are unaware of the game plan lose money on both side trades!! For us sheep though, we want to know when that is… so we can get short ahead of them! However, only the insiders are given that information, so we’ll just have to keep on guessing for now. 

Now for this week, the overall week COULD be a range bound with negative bias. We know that seems strange to say, but after such an up move in last few weeks there is usually a downside…..even if it’s only a small downside. Riding the bull takes guts, as he can throw you at anytime. This process of slowly pulling the band-aid off the wound is more painful, and will do more damage, then to just pull it off quickly. Think like gangsters, and you’ll figure out that most amateurs went long on higher levels around 5200, thinking a upsurge is coming. So what would you do to steal there money? We would gap it down a while and create a long squeeze. The first two days of the week ,we can see some major trigger. Overall sentiment of the market for short term is looking scary with many geopolitical news on board. So traders with no knowledge of market direction & with no proper advisory, must not do trades.....as they will end up in loss at the end due to lack of trading strategy!! So we gamble in this casino game called the stock market, thinking that’s it’s not actually gambling because we can use some form of technical analysis to logically predict where the market is going.......only to realize that the market doesn’t operate on logic & technicals, but instead it operates with the sole purpose of taking your money!!

 

For the week starting from 30July, Nifty fut will face resistance in range 5184-5224 level, if market maintains to cross and sustain above this level then we can expect the bulls to once again gear up easily for a new ride, and taking Nifty fut to higher levels of 5272-5314-5335 . For upside move one must concentrate on the closing above the resistance level 5224. Last week it had already failed to cross 5184 level, so bears are having an edge over bulls. Markets are trading on highly manipulative conditions, & all up rise is manipulated, so all traders must stay cautious & must hedge all their long/short positions in order to save their hard earned money from these crooks. However , in case Nifty fut is unable to cross n close above the resistance levels, then on lower side we have support at 5072 level, if this level is breached and sustained then expect bears to attack decisively and try to take charge over bears, and will make Nifty fut slide down to lower levels of 5024-4980-4910. Any consecutive close below 5024 level will be energy booster for bears and bulls might loose grip over the market. Consecutive close below 5024 will make bears rule the market and will try to make the whole scenario turned into highly bearish for a while.. The week will witness some action packed fight between bulls & bears to take the charge. In the current markets one must be trading with the levels, and not the sentiments, as market is highly volatile and make traders hit stop loss on both longs and shorts. The best way to deal in this market is to respect the levels & trade bi-directionally rather than to wait for unidirectional gain in speculation. Traders are advised to hedge all the positions accordingly, and don't trade blindly without judging the market movement. Read the facts provided for knowledge & use your own wisdom to trade in this market.

Weekly Nifty fut Levels

Resistance: 5224-5272-5314-5335

Support: 5072-5024-4980-4910

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