Last week everyone watched how nifty fut failed to decisively cross 5755 & nor breaching 5660 on closing basis, & traded in the same range whole week as told by us in our weekly outlook.
For our JACKPOT TRADES, CLICK HERE.
For our JACKPOT TRADES, CLICK HERE.
Our market view for this week remains the same as said last week-
"Now Nifty fut will face resistance at 5755 level, crossing and
sustaining above this level will make Nifty fut move forward on upside,
and on way to upside it can march till 5790-5848-5924+ levels. On
higher side 5755-5790 will act as a resistance zone & bulls will
need a strong force to break over this zone.
Look..... there has always been some manipulation in the market, every
since it was created. But, this obvious manipulation is absolutely
horrible for the market in the long run. It will cause a massive....
and we mean massive sell off from higher levels, when it finally
starts! Its not healthy for the market at all. These manipulators can
stretch this upside in the markets to some more higher levels in coming
days (taking higher before final sell off will trap the retail bulls
& also squeeze the fresh retail bears), but the retail trader must
stay cautious. In this volatile sessions, if nifty fut is unable to
cross the resistance level, and goes on downside, then it has a support
at 5660 level, breaching below this level we can see Nifty fut
sliding down to the levels of 5614-5555-5455 . On downside now
5555
level is a major support for markets and the day this level is
breached on decisively on closing basis....bears will be the king of
market!!!! Remember, manipulators are “the Fox” and we are “the Sheep”!
They
are trying to steal your money, so don’t believe anything they
say......we certainly don’t. Read the facts provided for knowledge
& use
your own wisdom to trade in this market."
No comments:
Post a Comment