Market outlook for the week 24-29June

 

Yes, as it was foretold by us, so it shall be. Once we mention the levels & news on our Facebook page...whole India comes up shouting about those levels & same market trend....so stay tuned with Team EAIB to get everything well in time!! What happened in last week was timely, clearly & boldly told by us. Magic of Hurdle-5865 & bears njoying the rave party till our given support of 5620 level.

 As we have told everyone last week that 5865 is a hurdle for bulls...exactly the same happened & bulls were not able to cross the markets above this hurdle decisively & we hope all of you must have enjoyed the crash from higher levels  to low of 5615 against our support level of 5620.  Click here to read the facts & judge the accuracy.  We think this much of accurate & timely information can create tons of wealth for all our members. Stay tuned with us for more news. Day by day you all must be getting addicted of highly accurate market view provided by us. Daily markets respecting our levels & views,and making all our followers mint money from the market.

 

 The stock market crooks have succeeded in controlling this market every step of the way, and last week was no different. Your mind is now being programmed to believe whatever lies they want to tell you. Of course they want you to believe in a recovery of the economy, and therefore you should go out and spend the money you don’t have, and invest the other leftover money (that you still don’t have), in the stock market through your retirement plan. We think this time period will go down in history as the most manipulated time period ever in the history of the stock market. The manipulation being done by the crooks is unprecedented in any previous time period in history. You can’t tell us that the massive move of 100-150 pts on Nifty fut in intraday trades very often in recent times is normal. We know that we are not the only one that thinks this way, as many others are also now stating that "they never seen anything like it!!!!" 

When all the bulls see all this chopping action as weakness, they all pile on short on lower levels and this will be the fuel needed for short squeeze. So you can expect some wild swings to shake out the bears and squeeze the bulls to happen before the final weekly close. For the week starting from 24June, Nifty fut will face resistance at 5695 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to sustain & close above this level, we can see upper levels till 5735-5784-5830 levels. However Nifty fut will face good selling pressure on rise and will need good volumes to cross resistance, failing to do so and breaching/closing below 5580 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5580 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to much lower levels of 5530-5472-5414. Any close below the mark of 5580 will create panic once again in markets. So, the initial trading sessions of this week will be of greater importance to decide the further movement of markets.  Manipulators seem to be giving bulls a chance to re-energize & show some upside in markets. Traders are advised to keep a cautious approach while trading. Its never easy to trade in a rigged game, and that’s why we have to examine all the pieces to the puzzle created by manipulators. So, you must include a little bit of everything in your quest to survive in this controlled and manipulated game of stock market. Trade lightly, and don’t hold for more then a day or two would be our suggestion for now. 

Read the market outlook provided for knowledge & trade as per your own wisdom.

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