Market outlook for the week 30September-4October

Now if we look at the whole scenario this market is so deceptive that it makes absolutely NO logical sense, pattern, rhythm, or rhyme... No one in their right mind would trade in the current speculation in markets as the market movement is without any logic & technical have now become obsolete with manipulation factor/rumor based movement tightening the grip over markets… by trading without knowledge You’ll end up tied down to a table with ropes pulling your arms and legs off, by some bull as he slowly tightens them with one turn at a time. The conclusion for whole scene is that its a Slow torture for the bears, and more crack cocaine for the bulls.We warn all traders for some really deceptive & very sharp move in markets in coming days/months.....stay cautious for sharp move in this last quarter of 2013.

In last few days we have seen some roller coaster rides in markets. On Friday also the bears regained the ball the last hour of the day, after an early fumble at the open. In the end after 2PM till closing bell, the bears took the ball back and regained some of that lost yard by closing below 5935 level & crashing down to 5875 from day high 5959.65.  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 5805 in early trades!! Till the bulls are able to keep Nifty fut above 5805 mark on closing basis, bulls will be mightier than bears & decisive crossover above 5935 will confirm this. 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. These coming few weeks could be few of those weeks that puts in a final top followed by a sharp bear action, as we never know what bad news they could release over the timeline fixed by crooks? Remember, most crashes are on Friday and Monday...... just food for thought.  

This week, as long as the 5935 level, is not crossed bulls will take some rest & bears will attack decisively to drag down the markets. On the downside journey, support exists at 5805, and once this level is breached then expect sharp slide to 5770-5740-5680 levels. As we have told that 5935 is a resistance level, & if this level is crossed then bulls can inch higher unto 5965-5995-6024 levels, but  any upside above 5965 will be a resistance zone till 6024, for short term & if markets reverts back from there, then we expect that area to stop the rally and then continue the selling for a longer period.   If we bounce any at all, then all upside above 5965 is now going to be resistance, and would be another good shorting spot. Any further bull action will only come only if markets are able to consecutively close above 6024 level. Best way to trade in these kind of markets is to follow the levels strictly, instead of speculating on the basis of expiry, day closing etc etc.

Those who have wisdom, can read it & take their own decision for making money & not getting fooled by the big fishes of this share market ocean.  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.

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