Market Outlook for the week 3-7December

Our words in Market outlook for the week 19-23November-

 

" Just think from manipulators point of view, think of it like this, if you tank the market (when no one is expecting it, as happened last week), then you can rally it later, when everyone is looking for a crash to occur.....and steal the masses money of course."

 

What happened in last two weeks? Was it exactly like this? Those who followed us made money, rest all bears RIP! Our bad habit of predicting accurate market levels & direction, making all our members enjoy money rain even in this highly deceptive & volatile market. Hope all of you must have enjoyed our magical support level of 5545 given in our 19-23 November market outlook, Nifty fut went down to 5555.55 & then rallied till 5926 from there, a rocket ride of 370pts for bulls. 

 

 

 Last we told market range as 5545-5705, & above 5705 bulls can show rally till 5900+ levels. And whole India watched Nifty fut sky rocketing to 5926 from 5555.55 levels one sided in 2 weeks. All those who follow us & are sincere reader of our blog made handsome profits. All those who were bearish on lower levels below 5600 levels, were caught by the bulls & were severely punished. Looks like the rats are getting caught in the mouse trap. Maybe the cheese was too sweet to pass up?  Those who missed all the action, Click here to read it & judge yourself.

 

Those who were searching here & there, about the reason why market inched higher in last two weeks...just click here & read the whole post. We always say, don't be a bull or a bear, go with the trend & experience the joy of success. 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 & multiply your wealth.. Whole India comes up shouting about the levels & trades given by us, after they are posted here on our blog.  Stay tuned with Team EAIB to market trend well in time.

This has been a very frustrating time for bears, as every sell off gets bought back up after few days down it seems. By the time the retail unknown bears get short, the sell off is already over. The plan is simple really… just repeated squeeze all the bears until the last bear is broke, and then crash the market! So, are all the bears broke yet?  So for all daily or short term traders, the simple strategy to make money out of this market is to trade on levels, rather than to go on speculation.

So what happens this week is a tough call. Everything still looks very overbought, but the market still hasn’t broken major support zone of 5865-5840. It could break up the resistance 5955 and squeeze the bears one more time, or fool the bulls and break down through support 5840. So for this week the major triggers are 5840-5955 levels. Decisive break over of this range on closing basis will decide the further movement. Besides this the major thing is that we have too add in the “manipulation factor”… meaning, “What do the manipulators have planned?”

In last few weeks Nifty rallied about 400pts from low & this rally came when almost everyone was highly bearish. 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 manipulators seem to pull these little tricks when not many are expecting it. 

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

 

 

The bears still have hope as long as the bulls don’t breakthrough the resistance 5955-6014… which should be a resistance zone for bulls. That would be the ideal place to get short if they gap the market up. But if they gap over short term hurdle-6014, they could force a short squeeze from everyone who placed their stops just around there. We think the bears will be well rested and ready to defend that line against a bunch of very tired bulls. There are so many things that could happen, it’s hard too figure out what the gangsters are planned next. Even the die hard bears might be sleeping and not see this move coming. We think that the bears are now looking to exit any shorts that they had and are expecting a big bounce from the support area of 5840, that the market is current in right now. We see many people that were bearish... now switching to bullish & remember one thing that these manipulators use these sentiments to take money from us sheeps.

 

Now moving forward for coming days, the bears need to gap this thing down below support 5840, or the bulls are going to stage another massive murder of them. If bulls are able to hold the markets above 5840 level (as this level is the hope for bulls on downside), then surely bulls are having an upper hand. But moving onto the higher side bulls have barrier at 5955 level, if they are able to cross this barrier then they will inch higher up to 5988-6014-6072++. Above 5955, Moving on to higher side  6014 will be the next hurdle for bulls, and an extra adrenaline rush would be needed to cross it. Contrary to this bull side, if bears are able to restrict the bulls from marching higher & pull the markets down below 5840, then we can see selling coming in markets & Nifty fut showing levels of 5772-5724-5660, break below 5660 will be an energy booster for bears for yet another mass butchering of bulls. However the bears will be having a tough fight with bulls in lower levels around 5772-5724. Bears have to work hard to break the support 5840 on closing basis, in order to save themselves from getting butchered by the bulls once again. Overall immediate range for the markets for this week looks like 5840-5955, & a broader range of 5724-6014. A range bound market is likely to continue for few weeks. It’s up to us to figure it out of course, but never forget to expect the unexpected..... Read the facts provided for knowledge & use your own wisdom to trade in this market. 

 

 

Weekly Nifty fut Levels

Resistance: 5955-5988-6014-6072

Support: 5840-5772-5724-5660

 

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