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We all know that this market is insanely manipulated and totally
disconnected from reality, but those are the facts… and we can’t change
them!
In current scenario the bulls are seriously wounded right now, as a
whole lot of technical support levels have been broken. The bears
are in full control, and only if they decide to take a day off and
rest.... will the bulls regain any ground… and somehow they will
rest if 5790 level is not breached in coming days!!!! Nothing goes
straight oneside forever.....if it did, then the little guys ( sheeps) would
make money and the big boys( manipulators aka wolves) would lose
money… which you know isn’t going to happen. The wolves will always
trick the sheep into giving their money to them (unwilling of course).
This time is NO different! Last week of February & first week of March very crucial for markets for coming few months!!
Read the facts provided for knowledge & use your
own wisdom to trade in this market.
Moving ahead for this
week we are expecting some controlled moves to reset the charts for
a more upside later. How much… we don’t know? But
the chart are worthless in this controlled market. We do see crooks
continuing to stretch this volatile rides further, with more
pain for the unknown retail trader. We are just not believing
this manipulation, but that’s what they want us to do..... so we’ll go
broke chasing a top. So again, unless some surprise event (yeah…
right! surprise to us sheep only, as the wolves planned it) 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.
You don’t really think they will take it straight up/down allowing you to
make money as a bull/bear do you? Of course not, they will trick you every
step of the way.
For the week starting from 25February, Nifty fut is having support at 5820-5790
level once this level is breached and sustained then we can see lower
levels of 5745-5705-5648 & more. For a broader view, Bears will gain strength
once the support level of 5790 is taken off decisively on closing basis & this could lead them
to show some real panic in markets. However in current scenario the
bulls are having their hopes alive till 5790 level is not breached, &
Nifty fut will face resistance around 5918, if able to cross &
sustain above this then we can expect higher levels of 5988-6010-6072+.
Consecutive close above 6010, for short term the bulls will be the
king of markets. Looking at the current scenario, Nifty fut have a
support around 5790 so traders must stay cautious around these
lower levels. Till markets are sustaining above 5790 level on closing
basis, bulls will regain their strength to give a tough fight to bears.
Bears will have a party time once again only if the market decisively breaches/close below 5790 level. Trading in this market without
any knowledge/advice of market directions can be a losing game all in
all, so a good advice is the basic need for minting money from this
market. Being an expiry week we may see some steep movements in markets
and markets may show some clear one side direction. Traders are
advised to hedge all the positions accordingly, and don't trade blindly
without judging the market movement.
Last week of February & first week of March very crucial for markets for coming few months!! Can see some major levels for markets. Just a food for thought!
Read the facts provided for
knowledge & use your own wisdom to trade in this market .
Weekly Nifty fut Levels
Resistance: 5918-5988-6010-6072
Support: 5790-5745-5705-5648
Stock Calls
For
all trades, keep trailing your stop loss once the stock is above
the buying price. Don't take delivery of any intraday call. Avoid
spike buying.
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