Market outlook for the week 14-18October

Yes, as it was foretold by us, so it shall be. Once we mention the levels & news here on our blog...whole India comes up shouting about those levels & same market trend....so stay tuned with Team EAIB to get everything well in time!!

In our market outlook for the week 16-24September we warned all traders that 5740 is the major support on closing basis & also mentioned that till october expiry we will see unexpected levels in all global markets. Now since then whole world watching every index inching higher like rocket from lower levels. 

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We all know that the gangsters hold control on the stock market now and when it comes to the unknown retail traders (you and me) discovering the date & levels in advance sometimes they are forced to make changes.  Remember, if the retail trader get short at the same time the the gangsters get short then there’s no one to steal the money from.  They must have the retail trader long when they are short as they need to have someone on the opposite side of the trade or else it wouldn’t work.  This is why the crooks will use their propaganda media outlets  to lead the  trader in the wrong direction while they go in the opposite direction. Therefore they have to make this market look like it’s going higher or more so you’ll be long when they are trying to get short. Naturally they will be getting short while you are long, and of course they can (and will) do everything possible to make you believe that “this time is different” and the world economy is saved. 

So when we see an article about a stock market crash/rally that speaks of a well known forecaster we have to wonder if it’s not “planted” information to mislead the trader again?  It’s different when it’s on a small website run by one person as then it’s likely put out to help fellow traders. But on a big site that a company runs you have to be leery as you don’t know whether or not the crooks control that site and therefore use it to steer the retail trader in the wrong direction.

Read the facts provided for knowledge & use your own wisdom to trade in this market .

Right now, we think there are a lot of new retail bulls in the market from sharp upside in last few sessions, 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.

For the week starting from 14October, Nifty fut is having support at 6050 level once this level is breached and sustained then we can see lower levels of 6005-5955-5880 & more. For a broader view, Bears will gain strength once the support level of 6005 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 6005 level is not breached, & Nifty fut will face resistance around 6148, if able to cross & sustain above this then we can expect higher levels of 6180-6224-6335. Consecutive close above 6224, for short term the bulls will be the king of markets. Looking at the current scenario, Nifty fut have a support around 6005 so traders must stay cautious around these lower levels. Till markets are sustaining above 6005 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 6005 level & if unable to cross the upside resistance level 6148-6180. 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. We may see some steep movements in markets and markets may show some clear one side direction till mid of next week. Traders are advised to hedge all the positions accordingly, and don't trade blindly without judging the market movement. 

Just a food for thought: From fourth week of October, we can see some steep one side movement for next few weeks!!

Read the facts provided for knowledge & use your own wisdom to trade in this market .

 

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