Market Outlook for the week 15-19October

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 enjoyed our magical resistance level of 5755. Nifty fut made low 5658 ...a one sided downside of almost 100pts!!!! 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 follow us, enjoying money rain everyday, all others getting trapped in manipulators dirty game!! Stay tuned with EAIB Securities for more action.

Right now, we think there are a lot of new retail bulls in the market from sharp upside in last few weeks, which was simply panic buying from the “unknown” situation in the news. This market is absolutely manipulated and is the play ground of manipulators & crooks.... it seems to us that the current market move is a constructed and engineered effort by the manipulators to create frenzy of buying. The goal seems to be to get in as much naive public retail money as possible. Manipulators 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.  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.

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? 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 adviser, were unable to catch the direction of the market & 90% traders got stop loss triggered on both sides. 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.

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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 5700 level & crashing down to 5658. 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 5585 in early trades!! Till the bulls are able to keep Nifty fut above 5585 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.  These coming few weeks could be few of those weeks that puts in a tough fight between bears & bulls for taking complete charge over the markets. We never know what news they could release over the weekend? Remember, most of the sharp movements (Crash/rally) are on Friday and Monday...... just food for thought.   

The best way deal with this kind of markets is to follow the levels & trade on both sides of movement, rather than leveraging & betting unidirectional.

Now moving forward for coming days, the bears need to gap this thing down below support 5614-5585, or the bulls are going to stage another massive murder of them. If bulls are able to hold the markets above 5585 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 5724 level, if they are able to cross this barrier then they will inch higher up to 5755-5790-5848. Above 5755, Moving on to higher side  5848 will be the next hurdle for bulls, and an extra adrenaline rush would be needed to cross it & in case it is crossed then bulls will straight away take it to 5924+. Contrary to this bull side, if bears are able to restrict the bulls from marching higher & pull the markets down below 5585, then we can see selling coming in markets & Nifty fut showing levels of 5555-5506-5455, break below 5455 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 5506. Bears have to work hard to break the support 5585 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 5585-5790, & a broader range of 5455-5848. All downside below/around 5506 (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.

Weekly Nifty fut Levels

Resistance: 5724-5755-5790-5848

Support: 5585-5555-5506-5455

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