MARKETS FOR 17TH JULY..

                             FRIDAY’S RISE OF 200 POINTS BY DOW WAS A WELL CONCEIVED PLAN BY THE EXTERNAL OPERATORS TO TRAP ASIAN MARKETS OPENING HIGHON THE MORNING OF MONDAY AND OPERATORS ACHIEVED THEIR AIMS. AFTER A 200+ POINT  ORCHESTRATED RISE IN DOW ON FRIDAY, ONE SHOULD NOT BE SURPRISED A FALL IN DOW BY ABOUT 100 POINTS  IN A DAY OR TWO SO AS TO  SEE A WEAKER OPENING IN ASIAN MARKETS SO THAT THE OPERATORS CAN BOOK PROFIT ON MONDAYS SHORTS IN ASIAN MARKETS. THIS OPERATORS’ GAME OF MANIPULATING ASIAN MARKETS & MOSTLY INDIAN MARKETS  BY PROJECTING DOW AS THE VAN GUARD OF THE WORLD MARKETS WILL CONTINUE FOR YEARS & YEARS AND INNOCENT INVESTORS CARRYING OVERNIGHT POSITIONS HOPING FOR A MEDIUM TO LONG TERM GAIN WILL ONLY VISIT HEART SPECIALISTS TIME AND AGAIN.

MONDAY SAW THE CRITICAL SUPPORT AROUND 5217 SPOT BEING BREACHED AND NOW IT LOOKS CERTAIN THAT OPERATORS WILL TAKE NIFTY DOWN TOWARDS THE CRITICAL LEVELS OF 5188, 5150 & 5125 TO HAVE THE  EXPIRY CLOSING AROUND 5100 LEVELS. NIFTY SPOT HAVING BREACHED JUNE MONTH HIGH OF 5286 TO REACH TILL 5348 IN JULY GENERATED A BULLISH ATMOSPHERE THAT WILL BE TAKEN FULL ADVANTAGE OF BY THE OPERATORS  WHO WILL NOT HESITATE TO PULL  NIFTY SPOT DOWN TOWARDS THE JUNE MONTH LOWS OF 4770 IN STEPS OF FIBONACCI LEVELS STARTING WITH  38.2% INITIALLY TOWARDS 5127 FOLLOWED BY THE 50% LEVEL OF 5059 SPOT THAT SHOULD SEE MOST OF THE WEAKER HANDS POLISHED OFF TO ENABLE THE OPERATORS TO TAKE NIFTY UP AGAIN TOWARDS JULY HIGHS  THUS MAINTAINING THE OVERALL BULLISH MOMENTUM OF THE MARKETS. SO, AS LONG AS SPOT NIFTY SUSTAINS BELOW THE FRIDAYS OUT SIDE BAR HIGH OF 5267 AND HAS A DAILY CLOSING BELOW 5267,  EVERY APPROACH TOWARDS FRIDAYS HIGHS OF 5267 SPOT SHOULD BE MERCILESSLY SHORTED TO SEE NIFTY SLIDING TOWARDS THE GIVEN FIBONACCI LEVELS .

FOR TUESDAYS INTRADAY TRADING PURPOSE, ONE MAY LOOK FOR A DOW OPERATORS INDUCED DECEPTIVE RISE ANY TIME DURING THE DAY AFTER THE INITIAL FALL, TO RUTHLESSLY SHORT THE MARKETS WITH PUNITIVE FORCE IN CASE BY FLUKE NIFTY SPOT CROSSES 5248 TO MOVE TOWARDS 5267, WITH A STOP LOSS ABOVE IT IN CASE A 30 MINUTE OR 60 MINUTE CANDLE CLOSES ABOVE 5267 SPOT IN WHICH CASE ONE MAY THINK OF REVERSING FOR LONGS. THE SLIDING NECKLINE OF THE INVERTED HEAD & SOLDER  AS CAN BE SEEN IN THE CHART ABOVE IS AROUND 5150 TO 5140 LEVELS AND ONE SHOULD NOT BE SURPRISED TO FIND OPERATORS PULLING NIFTY SPOT DOWN TOWARDS THIS SLIDING NECK LINE TO WEED OUT THE WEAKER HANDS. ON TUESDAY A FAILURE ON THE PART OF OPERATORS TO PULL  DOWN  NIFTY SPOT BELOW THE 29TH JUNE GAP LOW OF 5188 AND MORE IMPORTANTLY FAILURE TO SUSTAIN BELOW SPOT 5188 MAY BE USED BY INTRADAY TRADERS TO TRADE LONG FOR GOOD INTRADAY GAINS WITH A REASONABLE SPOT LOSS BELOW 5151 SPOT.

A DAILY CLOSURE OF SPOT NIFTY BELOW THE DAILY 34, 50, & 200 DAY EMA ZONE OF 5151 TO 5175 ALTHOUGH WILL NOT  SPELL THE END GAME FOR THE   BULLS WHO WERE AGGRESSIVE FOR 5 CONSECUTIVE WEEKS STARTING FROM 4TH JUNE LOW OF 4770 TILL 10TH JULY HIGH OF 5348, YET OPERATORS MAY GIVE THE BULLS A RUDE SHOCK AS THE CRITICAL FIBO 38.2% AS WELL AS 50% LEVELS ARE STILL MUCH BELOW AROUND 5107 AND 5059 RESPECTIVELY. SO IT IS WISER FOR MARKET PLAYERS TO  BENEFIT OUT OF INTRADAY TRADING AND AVOID CARRY OVER OF UN-HEDGED OVERNIGHT POSITIONS.

Source: Queenstrade.com