Market Outlook for the week 10-14December

Once again Team EAIB saved all its readers from getting trapped in the manipulator's plan. We told you all last week that manipulators will energize the bulls & will bounce back after taking the markets lower down to around 5840 support level & on higher side our given resistance was at 5988. Everyone watched Nifty fut trading exactly in same range...going down till 5870 & bouncing back to 5984. Team EAIB providing you all the most accurate market view well in time before anyone else tell it, and making everyone enjoy the money rain.  

Whole India comes up shouting about the levels & trades given by us, after they are posted here on our blog & FACEBOOK. Those who missed all the action, CLICK HERE & judge our accuracy yourself. Those who follow us, enjoying money rain everyday, all others getting trapped in manipulators dirty game!! Stay tuned with EAIB Securities for more action.

Whats going to happen in markets? Whether bulls or the bears will get the next high dose of Viagra? No one knows for sure of course, but everything we see now is pointing to some really unexpected movement to come within next couple of weeks. While the bears aren’t officially dead, they need to make a stand this week or else they will lose the 6014 major resistance level.

One thing we want to share with every market trader is that don't leverage naked positions in this market, as the sharp uprise seen in 2012 is a part of the game, & the whole movie is still to come. So better trade on levels & trade bi-directionally rather than trading on unidirectional sentiments without stop loss. 

It’s truly sad how many have sold their souls to the dark side for fame and fortune. You don’t really think they will take it straight down allowing you to make money as a bear do you? Of course not, they will trick you every step of the way. If you are not short, then we would just wait until the back-test happens then then get short. We know… you might be asking “what if it doesn’t do a back-test”? That’s possible, but unlikely when you are trying to make a short term top. Most of the time it will pierce it slightly (to trap bulls into thinking it’s a breakout), and then sell off for awhile.  But, we all know that the gangsters manipulate this market to steal our money and trick us at every corner. So… expect the unexpected! Last week it was FDI approval, & this week ?? May be some news to create sharp movement (on either side)....so get ready for some sharp deceptive moves once again!!

One advice to all bulls - DON'T TRY TO PLAY WITH THE BEARS BY FOOLING THEM ;)  The result can be as seen below. 

 

For the week starting from 10December, Nifty fut will face resistance at 5988 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above major hurdle of 6014 level for consecutive days. Once Nifty fut manages to cross 5988, we can see upper levels till levels 6014-6072-6155. However Nifty fut will face good selling pressure on rise and will need good volumes to cross 6014 level, failing to do so and closing below 5910 level, it will again slide down to lower levels. On lower side Nifty fut have support at 5910 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 lower levels of 5880-5840-5772. So, the initial trading session of this week will be of greater importance to decide the further movement of markets. Traders must stay cautious and take positions after watching the market scenario. Overall for the markets the narrower range is 5910-6014, and a broader range looks like 5840-6072, however on higher limit of these ranges chances for sudden profit booking will be of high probability. Last days of this week or beginning of next week can show some trigger for markets. On a short term view if manipulators gap over 6014 level they could force a short squeeze from everyone who placed their stops just around the same level. But Don’t fall in the trap of thinking that this market is going up forever and that the up rise coming is the start of a new bull trend… it ain’t happening! This is only one last attempt by the manipulators to get all the bears off the train before it leaves for “Dark Territory”.

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.

At last the picture is food for thought!!

Weekly Nifty fut Levels

Resistance: 5988-6014-6072-6155

Support: 5910-5880-5840-5772

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