Last week we told you all that-
- " .....For the week starting from 21May, Nifty fut will face resistance at 4965 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level...."
- "...Any close below the mark of 4755 will create panic once again in markets..."
What we said last week, & what happened actually, see yourself & judge our accuracy. We believe in showing live performance, rather
than keeping past performance to show our accuracy. Read it, Believe it
& then trust us!! Stay tuned with Team EAIB for getting highly accurate market view
& Stock tips, well in time & well before anyone else start
shouting to trade in it!!
And you all must have watched Nifty trading in this range for whole week. None of the levels were breached on closing basis.We have been reiterating since last many weeks that overall sentiment for
the markets is bearish & now most of our readers &
followers are watching everything happening exactly as we said, with
their eyes wide open. Only Team EAIB providing you all the most accurate market view
well in time before anyone else tell it, so that you all can enjoy the
money rain & can multiply your wealth.. Whole India comes up shouting about the levels &
trades given by us, after they are posted here on our blog. Read the facts provided here for knowledge, and use your own
wisdom to trade.
Those who follow us sitting on money mountains & all other speculators
trapped badly on wrong trades. Retail trader who was unaware of market
direction was trapped on both sides. That is what the market is doing to
most traders right now. It’s no secret of course, as that’s what “The
Powers That Be” are trying to do... confuse both the bulls and bears,
while secretly stealing their money. Well, We guess that’s why us sheep
are still sheep and not wolves, because crooks seem to pull these
little tricks when not many are expecting it. We always say, dont be a bull or a bear, go with the trend &
experience the joy of success.
Coming on to this week, if we look whole scenario...there are a lot of
people short in this month's coming expiration this Thursday, which leads
us to believe it will be an up expiry. We can’t see manipulators paying
off for all those puts, as you know how they like to pen
the market at a level that they pay out the least amount of retail
trader people..... both on the calls and the puts. This will be tough on
the bulls though, as we all know how they like to fool us. They sell
off just enough to get the bears licking there chops, thinking that it’s
going to crash and uhhhhh....squeeze time! So its always wise to be sure to exit your
shorts when you get a nice profit, which should be at some good support
level. You can always re-enter later.
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. This week moving on higher side bulls have a
barrier at 4965 level, crossing and sustaining above this level will
open doors for 5018-5072-5135 levels. If in coming days, we see markets
sustaining above the level of 4965 and giving consecutive close above
this level, then we can expect a sharp upside till 5072+ levels.
Contrary to this upside move, if Nifty fut reverts back from above given
resistance levels, then on lower side it has support at 4870 level,
breaching below this and sustaining will make it slide down to the
levels of 4810-4755-4705. 4755 level being the major support on
downside for short term, & if this level is breached on closing basis then expect
bears to get an energy booster for further movement. In current scenario immediate Nifty fut range looks like 4870-5018 & a broader range can be 4755-5135. So,
traders must trade on both sides and mint money bi-directionally rather
than waiting for expiry targets. All traders must stay cautious and
must not leverage positions without proper knowledge of market
directions. Read the facts provided here for knowledge, and use your own
wisdom to trade.
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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