MARKETS FOR 15TH OCTOBER

THE WEEK ENDING 12TH OCTOBER HAD A NEGATIVE CLOSING FOR NIFTY ON A WEEK ON WEEK BASIS. COMPARED TO THE PREVIOUS TRUNCATED WEEK ENDING 5TH OCTOBER WHEN NIFTY SPOT HAD CLOSED AT 5747, THE WEEK ENDING 12TH  OCTOBER SAW NIFTY SPOT CLOSING AT 5676. THERE WAS ALSO A LOWER HIGH THIS WEEK WITH NIFTY SPOT MAKING A HIGH OF 5752 SPOT COMPARED TO ITS PREVIOUS WEEKS HIGH OF 5815 SPOT. BESIDES SPOT NIFTY HAVING CONFUSED THE ISSUE WITH THE 5TH OCTOBER MANIPULATED LOW OF 4888 SPOT, INTERESTINGLY NIFTY FUTURE MADE A LOWER LOW THIS WEEK AT 5676 COMPARED TO ITS PREVIOUS WEEK’S LOW OF 5718. ALTHOUGH THIS WEEK NIFTY HAS CLOSED NEGATIVE FOR THE FIRST TIME AFTER 5 CONSECUTIVE WEEKS OF +VE CLOSINGS, YET WHAT IS MORE ALARMING IS THAT THIS
WEEK NIFTY HAS CLOSED BELOW THE CLOSING LEVELS OF ITS 3 PREVIOUS WEEKS THAT PERHAPS IS AN EARLY INDICATION TO WHAT THE OPERATORS ARE PLANNING  FOR THE COMING 2 WEEKS OF OCTOBER .

IF ONE HAS A CLOSER LOOK AT THE CHART , ONE WILL NOTICE THAT NIFTY WAS MOVING IN AN UPWARD LOOKING CHANNEL & ON 4TH & 5TH OCTOBER IT WAS MADE TO BREACH THE UPPER CHANNEL TO INDUCE HEAVY BUYING AS A BREAK OUT MOVE. HOWEVER  THE NASTY OPERATORS OPERATING FROM U.S. PULLED THE RUGS ON FRIDAY ENSURING THE FORMATION OF A BEARISH ENGULFING TO SEE NIFTY SLIDE TILL  LAST DAY OF  OF WEEK ENDING 12TH OCTOBER WITH A WELL COORDINATED & HIGHLY MANIPULATED UP MOVE ON THURSDAY THE 11TH OCTOBER WHEN TACTFULLY THE MOST FRAUDULENT RATING AGENCY THE   S&P  ANNOUNCED THAT IT IS PLANNING TO DOWNGRADE INDIA THAT SAW NIFTY FUTURES DIVING DOWN TO 5656  BUT ONLY TO SEE THE SAME MAFIA CONTROLLED  S&P GUYS BUYING HEAVILY TO TAKE NIFTY FROM A LOW OF 5656 TO A DAY HIGH OF 5749 ON THE SAME THURSDAY 11TH OCTOBER  TO GENERATE A DECEPTIVE BULLISH OUTSIDE DAY FOR THURSDAY BUT AGAIN TO PULL IT DOWN ON FRIDAY TO GENERATE A BEARISH HARAMI AS CAN BE SEEN IN THE CHART ABOVE. SO, BE VERY VERY CAUTIOUS WHEN ACTING ON THE ANNOUNCEMENTS OF THE FRAUDULENT RATING AGENCIES & THE INTERESTED FINANCIAL CHANNELS WHICH ARE HAND IN GLOVES WITH THESE FRAUDSTERS.

SO, KEEPING  IN MIND THE FALSE PRICE PATTERN  GENERATED BY THE FRAUDSTERS AND MARKET MANIPULATORS, ONE SHOULD NOT BE SURPRISED TO SEE NIFTY IS MADE TO SLIDE FURTHER DOWN DURING COMING WEEK AS WELL AS THE EXPIRY WEEK. SO, ONE SHOULD NOT HESITATE TO BOLDLY SHORT THE MARKETS  AS LONG AS NIFTY SPOT SUSTAINS BELOW  THURSDAY 11TH OCTOBER HIGHS 5749 FOR NIFTY FUTURES & 12TH OCTOBER HIGHS OF 5725 FOR NIFTY SPOT ON A CLOSING BASIS. ONE SHOULD WAIT FOR INTRADAY RISE OF NIFTY OR NIFTY FUTURES TOWARDS THESE LEVELS (IF AT ALL NIFTY FUTURES & SPOT  GO TO THESE HIGHER LEVELS ONLY) TO BOLDLY SHORT AT A STAND OFF DISTANCE FROM THESE LEVELS BY HAVING A STOP LOSS ABOVE THESE LEVELS OF SPOT & FUTURES TO REVERSE FOR LONGS IN CASE THE STOP LOSS IS TRIGGERED. FOR THE COMING WEEK BESIDES THE CRITICAL FUTURES LEVEL OF 5749 THE CRITICAL LEVEL OF 5757 ALSO WILL PLAY A MAJOR ROLE IN SKY ROCKETING NIFTY FUTURES IN CASE BULLS CAN MANAGE TO BREACH AND SUSTAIN ABOVE THE FUTURE LEVELS OF 5757 THAT WILL TRIGGER MASSIVE SHORT COVERING.

SIMILARLY ON ANY DAY DURING THE COMING WEEK, IN CASE NIFTY FUTURES AGAIN BREACHES THE 11TH OCTOBER LOWS OF 5656 AND SPOT NIFTY BREACHES 5636 & MORE IMPORTANTLY SUSTAINS BELOW THESE CRITICAL LEVELS OF FUTURE & SPOT, THEN EVERY TRADER WHETHER NOVICE OR HIGHLY EXPERIENCED, SHOULD JUST CLOSE THE EYES AND TRADE SHORT FOR GREAT GAINS DURING THE COMING DAYS. THERE MAY BE A DAY OR TWO OF FLAT OF HIGHLY BULLISH CONDITIONS ORCHESTRATED BY EXTERNAL OPERATORS TO TRAP SHORTERS AND INDUCE BUYING TO FALL INTO THE OPERATORS’ TRAP SIMILAR TO THE ACTION OF LAST THURSDAY 11TH OCTOBER. FOR THE COMING WEEK IN ADDITION TO THE  CRITICAL FUTURE LOWS OF 5656 THE WEEK ENDING 28TH SEPTEMBER WEEKLY HAMMER LOW OF 5644   FUTURE LEVELS WILL ALSO PLAY A CRITICAL ROLE IN PREVENTING OR ACCELERATING FURTHER FALLS.

HOWEVER, LONG TERM INVESTORS NEED NOT PANIC AT ALL AND USE THESE TYPE OF OPERATOR INDUCED FALL DURING THE REMAINING DAYS OF OCTOBER, TO BUY FOR LONG TERM. FOR THE COMING WEEK THE FLURRY OF RESULTS TO BE ANNOUNCED WITH THE KING RELIANCE ANNOUNCING ITS RESULTS  DURING THE WEEK WHICH IS NOT GOING TO BE VERY FAR OFF FROM THE QUALITY OF RESULTS ANNOUNCED FY HALF DEAD INFOSYS, ONE SHOULD NOT AT ALL EXPECT ANY THING +VE FROM RELIANCE.  WITH THE RBI GOVERNOR  DISINCLINED TOWARDS IMPROVEMENT OF THE INDUSTRIAL SECTOR AND BEING MORE FOCUSED ON INFLATION & CURRENCY VALUATIONS, THERE IS HARDLY ANY CHANCE OF SEEING THIS QUARTER SHOWING ANY SPECTACULAR DIFFERENCE FROM THE DEPRESSED PREVIOUS QUARTERS. ONE SHOULD CONSIDER ONESELF EXTREMELY LUCKY IF HE FINDS INDIAN STOCK MARKETS SHOWING ANY SHORT TERM BULLISHNESS DURING THE REMAINING DAYS TILL OCTOBER MONTH EXPIRY. HENCE BOLD AND RUTHLESS SHORTING OF 5800 CALLS ON RISE OF NIFTY ALONG WITH BUYING OF 5700 PUTS AND HOLDING IT TILL EXPIRY IN MONSTER QUANTITIES MAY GENERATE GOOD GAINS DURING THE CURRENT EXPIRY.

FOR INTRADAY TRADING ON MONDAY, THE INITIAL HOUR OF THE MARKETS WILL BE INFLUENCED BY THE OPERATOR INFECTED SGX NIFTY TOGETHER WITH SHIVERING ASIAN MARKETS WHIPPED LEFT & RIGHT BY DOW OPERATORS TIME AND AGAIN SPECIALLY THE KOREA, SINGAPORE & HONG KONG MARKETS. NIFTY FUTURES HAVING FALLEN DURING THE SECOND HALF OF FRIDAY, MAY SHOW A DEAD CAT BOUNCE ON EARLY MONDAY TO AGAIN FALL LATER  DULY ORCHESTRATED BY DOW OPERATORS THROUGH THE MANIPULATIVE USE OF DOW FUTURES. FOR NIFTY FUTURES WHICH HAS CLOSED THE WEEK AROUND 5688 ON FRIDAY, MAY FIND INITIAL RESISTANCE AROUND 5696 ABOVE WHICH ONE CAN EXPECT 5710 DELAYING THE UP MOVE . HOWEVER AS LONG AS NIFTY FUTURES REMAINS BELOW 5720 TO 5725 , ONE MAY INITIATE SHORT TRADES FROM 5715 ONWARDS WITH STOP LOSS ABOVE 5725 TO REVERSE FOR LONGS FOR QUICK GAINS TOWARDS 5740 FUTURE LEVELS TO RESUME MERCILESS HAMMERING AGAIN  BY HAVING A STOP LOSS ABOVE 5750 TO 5760 ZONE TO REVERSE FOR LONGS ABOVE THIS  FUTURE ZONE.

SIMILARLY ON THE LOWER SIDE, A FAILURE BY THE BULLS TO DRAG NIFTY FUTURES TILL 5720 TO 5725 CAN SEE EVEN THE NOVICE TRADERS INDULGING IN SHORTING PRACTICE TO SEE NIFTY FUTURES SLIDING TOWARDS SUB 5700 AGAIN FOR A RETEST OF FRIDAYS LOWS OF 5676 BELOW WHICH THE SECOND BOUT OF SHORTING MAY RESUME TO SEE NIFTY FUTURES SLIDING TOWARDS LAST WEEKS LOWS OF 5656 FUTURE LEVELS  FOLLOWED BY THE CONVERSION OF THE BULLS INTO BEARS THAT MAY EVEN SEE THE CRITICAL SUPPORT OF 5643 BEING BREACHED TO SEE EVEN LOWER LEVELS TOWARDS 5636 THAT WAS THE LOW OF SPOT NIFTY ON THURSDAY 11TH OCTOBER. A CLOSE OF NIFTY FUTURE BELOW 5656 OR TO BE MORE SURE BELOW 5643 OR SPOT NIFTY BELOW 5636 ON ANY DAY, CAN BE BLINDLY SHORTED  WITHOUT EVEN AN  IOTA OF FEAR, TO SEE  MUCH LOWER LEVELS.


Source:Queen Trade

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