DUE TO EXPIRY CONSIDERATIONS, NIFTY CONTINUED TO REMAIN WEAK AND CLOSED AT THE EXPECTED LEVEL OF 5650. TRADERS & INVESTORS MUST KEEP IN MIND THAT THE WHOLE MARKET IS MANIPULATED BY A HANDFUL OF BIG EXTERNAL OPERATORS & SOME INTERNAL OPERATORS & NEVER EVER ANYTHING CAN BE DONE ABOUT IT. THIS MANIPULATION OF MARKETS WILL CONTINUE AND ONE HAS TO LIVE WITH IT. AFTER MAKING THE LAST FRIDAY’S HIGH OF 5720 SPOT NIFTY LEVELS, NIFTY IS IN THE PROCESS OF MAKING A PERFECT FLAG FORMATION AND TECHNICALLY THIS FLAG FORMATION AFTER THE BIG RISE FROM 20TH SEPT LOW OF 5535 TO THE 21ST SEPT HIGH OF 5620 IS A HIGHLY BULLISH SIGNAL FOR MUCH HIGHER LEVELS AND A BREACH
OF THE EXPIRY DAY HIGH OF 5694 WILL PERHAPS BE THE INITIAL INDICATION OF THE BREAK OUT OF THE FLAG TO MOVE UP AND BREACH THE INITIAL RESISTANCE OF 5720 TOWARDS 5800 FOLLOWED BY 5950 DURING OCTOBER EVEN THOUGH OCTOBER MONTH HOLDS THE NOTORIOUS RECORD OF BEING BEARISH 8 OUT OF 10 TIMES.
THE HIGH OF THE WEEK ENDING 21ST SEPTEMBER WAS AT 5720 SPOT AND NIFTY ON LAST FRIDAY HAD THE WEEKLY CLOSE AROUND 5691. BEFORE THE CURRENT RUNNING WEEK, NIFTY HAD CONSECUTIVE WEEKLY RISE OF 3 WEEKS AND THIS WEEK UNDER NORMAL CIRCUMSTANCES SHOULD SEE A +VE WEEKLY CLOSE ABOVE LAST WEEK’S CLOSING OF 5691. EVEN IF IT FAILS TO HAVE A +VE WEEKLY CLOSING TODAY ON 28TH SEPT(AS PERATORS MAY NOT ALLOW THAT TO HAPPEN), ONE SHOULD EXPECT A HIGHLY BULLISH COMING WEEK. SO, BUY THE DECLINES AND HOLD THE LONGS SHOULD BE THE MOTTO OF EVERY TRADER AND INVESTOR. THE EARLIER SWING HIGH OF 5631 WHICH WAS THE HIGH OF THE 1ST SUB WAVE OF THE MEGA 3RD UP WAVE THAT HAD STARTED FROM 20 DECEMBER 2011 LOW OF 4531, WILL PROVIDE ADEQUATE SUPPORT TO NIFTY ON ANY CORRECTION & AS LONG AS SPOT NIFTY DOES NOT BREACH 5631 & CLOSE BELOW THE LOWER LEVELS AT 5535, THERE IS ABSOLUTELY NO DANGER TO NIFTY AND A NEW LIFE TIME HIGH ABOVE 8TH JANUARY 2008 HIGH OF 6357 IS A CERTAINTY IN NEXT FEW MONTHS.
FOR FRIDAYS INTRADAY TRADING PURPOSE, THURSDAY’S LOW OF 5640 OR WEDNESDAY 26TH SEPT LOW OF AROUND 5636 SHOULD HOLD AND THERE IS EVERY POSSIBILITY OF SPOT NIFTY MOVING UP TOWARDS THE IMMEDIATE RESISTANCE OF 5696. ONLY THE BREACH OF THE CRITICAL RESISTANCE AROUND 5696 CAN GENERATE MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS THE NEXT HURDLE OF 5710, A BREACH OF WHICH CAN EVEN ENTIRELY SKIP THE LAST WEEKS HIGH OF 5720 TO MAKE ANOTHER WEEKLY HIGH.
TRIGGER HAPPY & BUTTERED FINGERED TRADERS MAY BOLDLY TRADE SHORT FOR INTRADAY GAINS IN CASE SPOT NIFTY APPROACHES 5700 BY HAVING A STOP TIGHT LOSS ABOVE 5710 SPOT LEVELS TO REVERSE FOR GOING LONG. A FAILURE ON THE PART OF SPOT NIFTY TO BREACH 5695 OR EVEN 5690 MAY BE BRUTALLY SHORTED FOR GOOD INTRADAY GAINS BY HAVING A TIGHT STOP LOSS. THE FUTURES OF OCTOBER SERIES COMMANDING A PREMIUM OF 40 POINTS ALTHOUGH IS A BULLISH SIGNAL, YET IT IS TAILOR MADE BY OPERATORS TO TRAP INNOCENT TRADERS.
SIMILARLY ON THE LOWER SIDE A FAILURE ON THE PART OF SPOT NIFTY TO BREACH AND SUSTAIN ABOVE 5685 TO 5690 ZONE MAY SEE NIFTY RETESTING THE FRIDAYS LOWS TOWARDS LOWER LEVELS OF 5636 OR EVEN 5626 TO 5616 THAT MAY SEE CARGO BUYING BY THE WHALES WAITING FOR THE RIGHT OPPORTUNITY TO ENTER IN A BIG WAY. CHINESE MARKETS RISING BY MORE THAN 2% ON THURSDAY ALTHOUGH WILL BE MANIPULATED TO FALL ON FRIDAY, YET IT IS AN EARLY INDICATION OF WHAT IS IN STORE FOR INDIAN MARKETS.
BEFORE COMMENCEMENT OF THE DEVASTATING MONTH OF OCTOBER, PLANTED STORY ON EUROPE HAS STARTED EMERGING TO DAMPEN THE SENTIMENTS AFTER THE CURRENT RISE THAT WILL ALLOW BIG PLAYERS TO ENTER THE MARKETS AFTER A WELL ORCHESTRATED DECLINE IN THE MARKETS. HOWEVER TRADERS AND INVESTORS MUST THINK OF BUYING AND ONLY BUYING THE DECLINES TO TAKE FULL ADVANTAGE OF ONCE IN A LIFE TIME OPPORTUNITY OF THE ON GOING BULL RUN. BE ABSOLUTELY SURE TO SEE THE PRESENT 3RD SUB WAVE OF THE MONSTER 3RD UP WAVE WILL MAKE NEW LIFE TIME HIGHS FOR MUCH MUCH HIGHER LEVELS & THE REPLANTED STORY ON EUROPE OR EVEN THE DEVASTATING MONTH OF OCTOBER ARE THE IDEAL BUYING OPPORTUNITIES FOR LONG TO MEDIUM TERM INVESTORS TO MAKE GREAT GAINS IN COMING MONTHS.
Source:Queens Trade
OF THE EXPIRY DAY HIGH OF 5694 WILL PERHAPS BE THE INITIAL INDICATION OF THE BREAK OUT OF THE FLAG TO MOVE UP AND BREACH THE INITIAL RESISTANCE OF 5720 TOWARDS 5800 FOLLOWED BY 5950 DURING OCTOBER EVEN THOUGH OCTOBER MONTH HOLDS THE NOTORIOUS RECORD OF BEING BEARISH 8 OUT OF 10 TIMES.
THE HIGH OF THE WEEK ENDING 21ST SEPTEMBER WAS AT 5720 SPOT AND NIFTY ON LAST FRIDAY HAD THE WEEKLY CLOSE AROUND 5691. BEFORE THE CURRENT RUNNING WEEK, NIFTY HAD CONSECUTIVE WEEKLY RISE OF 3 WEEKS AND THIS WEEK UNDER NORMAL CIRCUMSTANCES SHOULD SEE A +VE WEEKLY CLOSE ABOVE LAST WEEK’S CLOSING OF 5691. EVEN IF IT FAILS TO HAVE A +VE WEEKLY CLOSING TODAY ON 28TH SEPT(AS PERATORS MAY NOT ALLOW THAT TO HAPPEN), ONE SHOULD EXPECT A HIGHLY BULLISH COMING WEEK. SO, BUY THE DECLINES AND HOLD THE LONGS SHOULD BE THE MOTTO OF EVERY TRADER AND INVESTOR. THE EARLIER SWING HIGH OF 5631 WHICH WAS THE HIGH OF THE 1ST SUB WAVE OF THE MEGA 3RD UP WAVE THAT HAD STARTED FROM 20 DECEMBER 2011 LOW OF 4531, WILL PROVIDE ADEQUATE SUPPORT TO NIFTY ON ANY CORRECTION & AS LONG AS SPOT NIFTY DOES NOT BREACH 5631 & CLOSE BELOW THE LOWER LEVELS AT 5535, THERE IS ABSOLUTELY NO DANGER TO NIFTY AND A NEW LIFE TIME HIGH ABOVE 8TH JANUARY 2008 HIGH OF 6357 IS A CERTAINTY IN NEXT FEW MONTHS.
FOR FRIDAYS INTRADAY TRADING PURPOSE, THURSDAY’S LOW OF 5640 OR WEDNESDAY 26TH SEPT LOW OF AROUND 5636 SHOULD HOLD AND THERE IS EVERY POSSIBILITY OF SPOT NIFTY MOVING UP TOWARDS THE IMMEDIATE RESISTANCE OF 5696. ONLY THE BREACH OF THE CRITICAL RESISTANCE AROUND 5696 CAN GENERATE MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS THE NEXT HURDLE OF 5710, A BREACH OF WHICH CAN EVEN ENTIRELY SKIP THE LAST WEEKS HIGH OF 5720 TO MAKE ANOTHER WEEKLY HIGH.
TRIGGER HAPPY & BUTTERED FINGERED TRADERS MAY BOLDLY TRADE SHORT FOR INTRADAY GAINS IN CASE SPOT NIFTY APPROACHES 5700 BY HAVING A STOP TIGHT LOSS ABOVE 5710 SPOT LEVELS TO REVERSE FOR GOING LONG. A FAILURE ON THE PART OF SPOT NIFTY TO BREACH 5695 OR EVEN 5690 MAY BE BRUTALLY SHORTED FOR GOOD INTRADAY GAINS BY HAVING A TIGHT STOP LOSS. THE FUTURES OF OCTOBER SERIES COMMANDING A PREMIUM OF 40 POINTS ALTHOUGH IS A BULLISH SIGNAL, YET IT IS TAILOR MADE BY OPERATORS TO TRAP INNOCENT TRADERS.
SIMILARLY ON THE LOWER SIDE A FAILURE ON THE PART OF SPOT NIFTY TO BREACH AND SUSTAIN ABOVE 5685 TO 5690 ZONE MAY SEE NIFTY RETESTING THE FRIDAYS LOWS TOWARDS LOWER LEVELS OF 5636 OR EVEN 5626 TO 5616 THAT MAY SEE CARGO BUYING BY THE WHALES WAITING FOR THE RIGHT OPPORTUNITY TO ENTER IN A BIG WAY. CHINESE MARKETS RISING BY MORE THAN 2% ON THURSDAY ALTHOUGH WILL BE MANIPULATED TO FALL ON FRIDAY, YET IT IS AN EARLY INDICATION OF WHAT IS IN STORE FOR INDIAN MARKETS.
BEFORE COMMENCEMENT OF THE DEVASTATING MONTH OF OCTOBER, PLANTED STORY ON EUROPE HAS STARTED EMERGING TO DAMPEN THE SENTIMENTS AFTER THE CURRENT RISE THAT WILL ALLOW BIG PLAYERS TO ENTER THE MARKETS AFTER A WELL ORCHESTRATED DECLINE IN THE MARKETS. HOWEVER TRADERS AND INVESTORS MUST THINK OF BUYING AND ONLY BUYING THE DECLINES TO TAKE FULL ADVANTAGE OF ONCE IN A LIFE TIME OPPORTUNITY OF THE ON GOING BULL RUN. BE ABSOLUTELY SURE TO SEE THE PRESENT 3RD SUB WAVE OF THE MONSTER 3RD UP WAVE WILL MAKE NEW LIFE TIME HIGHS FOR MUCH MUCH HIGHER LEVELS & THE REPLANTED STORY ON EUROPE OR EVEN THE DEVASTATING MONTH OF OCTOBER ARE THE IDEAL BUYING OPPORTUNITIES FOR LONG TO MEDIUM TERM INVESTORS TO MAKE GREAT GAINS IN COMING MONTHS.
Source:Queens Trade
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