NIFTY BEHAVED EXACTLY AS WAS ANTICIPATED AND THE MOMENT FUTURES LEVEL OF 5676 WAS DECISIVELY BREACHED, MASSIVE SHORT COVERING PROPELLED NIFTY TOWARDS THE NEXT CRITICAL ZONE OF 5696 ABOVE WHICH ANOTHER BOUT OF SHORT COVERING TOOK NIFTY FUTURES TOWARDS THE EXPECTED LEVEL OF 5740 . AS OF NOW IT LOOKS THE BOTTOM MADE BY SPOT NIFTY AROUND 5630 WILL HOLD AND FROM HERE ON NIFTY CAN INCH UP TOWARDS THE HIGHS OF 5800+ LEVELS, THANKS TO THE FORMATION OF BULLISH WOLFE WAVES IN 2 HOURLY, HOURLY, 30 & 15 MINUTE CHARTS OF NIFTY FUTURES, THAT HAS THE TARGET OF 5800+ LEVELS FOR NIFTY FUTURES AS CAN BE SEEN IN THE HOURLY CHART ABOVE. HOWEVER ONE
SHOULD NOT BE SURPRISED TO FIND OPERATORS PULLING DOWN INDIAN MARKETS ALONG WITH SGX NIFTY & SOME ASIAN MARKETS ON WEEKEND PHOBIA OF FRIDAY COUPLED WITH THE EARLIER MENTIONED PHOBIA OF DEVASTATING DATE OF 19TH OCTOBER.
THE INDICATORS IN THE DAILY CHARTS HAVE BOTTOMED OUT AND ARE IN FOR BIG UP MOVE AGAIN, THAT WILL ENCOURAGE EVERYONE TO BUY THE INTRADAY DECLINES FOR GREAT GAINS. AS CAN BE SEEN IN THE HOURLY CHART OF NIFTY FUTURES ABOVE, NIFTY HAS ALREADY BREACHED THE RESISTANCE LINE JOINING POINT 2 AND POINT 4 OF THE WOLFE WAVE ON A CLOSING BASIS. OPERATORS MAY TRY TO PULL NIFTY DOWN TOWARDS THE RESISTANCE LINE TO WEED OUT WEAKER HANDS FOR THEIR OWN SUITABLE ENTRY. THE HOURLY MACD IS ON THE VERGE OF A MONSTROUS UP MOVE THAT WILL SUPPORT THE BULLISHNESS OF THE +VE WOLFE WAVE TOWARDS THE LOGICAL TARGET OF 5800+ LEVELS EITHER ON FRIDAY OR EARLY NEXT WEEK. THE RISE OF HOURLY 20 EMA FROM BELOW TOWARDS THE HOURLY 50 EMA TO BREACH IT UPWARDS IS ANOTHER BULLISH SIGNAL WHICH MAY BE THWARTED BY OPERATORS BY PULLING DOWN NIFTY SO THAT 20 EMA IS NOT ALLOWED TO BREACH THE 50 EMA THAT EASILY. HOWEVER MARKETS LOOK EXTREMELY BULLISH FOR MUCH BIGGER UP MOVE.
IN THE DAILY CHARTS OF NIFTY FUTURES THE CANDLE OF 16TH OCTOBER HAD MADE A TWIN OUTSIDE BAR AS WELL AS AN INSIDE BAR SETUP WITH THE 16TH OCTOBER MOTHER CANDLE HIGH OF 5732. ON THURSDAY 18TH OCTOBER NIFTY FUTURE HAS BREACHED THE 16TH OCTOBER MOTHER CANDLE HIGH OF 5732 TO REACH A HIGH OF 5743 AND ALSO HAS CLOSED AT 5735 ABOVE THE MOTHER CANDLE HIGH WHICH IS ABOVE THE DAILY PIVOT WHICH AGAIN SEES MUCH HIGHER LEVELS FOR NIFTY FUTURES, ENCOURAGING INTRADAY TRADERS TO BOLDLY GO LONG ON OPERATORS MANIPULATED PULL DOWN OF NIFTY FUTURES. A DECISIVE BREACH OF 11TH OCTOBER HIGH OF THE POINT 2 OF THE WOLFE WAVE AT 5749 WHICH IS ALSO THE HIGH OF THE MOTHER CANDLE OF ANOTHER SET OF OUTSIDE BAR & INSIDE BAR SETUP, CAN SEE ACCELERATED UP MOVE FOR NIFTY FUTURES INITIALLY TOWARDS THE 8TH OCTOBER HIGH OF 5775 FUTURE LEVELS THAT WILL PAVE THE PATH FOR NEW HIGHS ABOVE THE RECENT 5TH OCTOBER HIGHS OF 5855 FUTURE LEVELS EARLY NEXT WEEK.
FOR INTRADAY TRADING PURPOSE ON FRIDAY, BE MENTALLY PREPARED TO SEE SOME OPERATOR INDUCED DECLINE OR DECLINE TRIGGERED BY EITHER OPERATORS OF SGX NIFTY OR SOME OTHER ASIAN MARKETS. TRADERS MUST REMEMBER, WHEN EVERYTHING LOOKS BULLISH AND MARKETS CLOSE AT THE HIGHEST POINT, THE OPERATORS GENERATE A GOOD BULL TRAP, THEN PLAY THE NASTY GAME OF PULLING DOWN THE MARKETS VERY NEXT MORNING TO WEED OUT WEAKER HANDS FOR THEIR OWN SUITABLE ENTRY AT THE LOWER LEVELS & THAT’S WHAT IS EXACTLY GOING TO HAPPEN ON FRIDAY. HOWEVER LONG TERM INVESTORS MUST MAKE FULL USE OF THIS OPERATOR MANIPULATED INITIAL DECLINE OR THE DECLINE AFTER A RISE TO ENTER LONG AND HOLD LONGS FOR VERY GOOD GAINS.
LAST WEEK ON FRIDAY 12TH OCTOBER, SPOT NIFTY HAD CLOSED AT 5676 AND FUTURE HAD CLOSED AT 5686. SO ONE SHOULD NOT BE SURPRISED TO SEE OPERATORS PULLING DOWN NIFTY TOWARDS LAST WEEKS CLOSING LEVELS UNDER THE FEAR OF DOW’S LIKELY MANIPULATIVE MOVE ON 19TH OCTOBER, FRIDAY NIGHT. NIFTY FUTURE HAS STRONG SUPPORT AROUND 5715 BELOW WHICH NIFTY FUTURES MAY SLIDE TOWARDS NEXT MAJOR SUPPORT AROUND 5700 TO 5696 LEVELS, A DECISIVE BREACH WHICH CAN EASILY SEE NIFTY FUTURES FALLING DOWN BADLY TOWARDS MUCH LOWER LEVELS.
SIMILARLY ON THE HIGHER SIDE, IN CASE THE CRITICAL LEVEL OF 5715 HOLDS AND BULLS CAN MANAGE TO LIFT NIFTY FUTURES UPWARDS, THWARTING THE THURSDAY’S BULL TRAP, THEN NIFTY FUTURES MAY MOVE UP TOWARDS THE CRITICAL RESISTANCE ZONE OF 5749 TO 5757 SUSTAINING ABOVE WHICH BEARS NO MORE MAY BE VISIBLE AS THEY WOULD HAVE COVERED THEIR BALANCE OF SHORTS BETWEEN 5749 TO 5757 FUTURE LEVELS& WOULD HAVE GOT CONVERTED AS BULLS, THAT MAY SEE NIFTY FUTURES SHOOTING UP TOWARDS 5766 TO 5775 LEVELS OR EVEN 5788 FUTURE LEVELS & THEN TO EYE STRAIGHT FOR THE 5800 LEVELS ON FRIDAY ITSELF WITHOUT WAITING FOR NEXT WEEK.
SHOULD NOT BE SURPRISED TO FIND OPERATORS PULLING DOWN INDIAN MARKETS ALONG WITH SGX NIFTY & SOME ASIAN MARKETS ON WEEKEND PHOBIA OF FRIDAY COUPLED WITH THE EARLIER MENTIONED PHOBIA OF DEVASTATING DATE OF 19TH OCTOBER.
THE INDICATORS IN THE DAILY CHARTS HAVE BOTTOMED OUT AND ARE IN FOR BIG UP MOVE AGAIN, THAT WILL ENCOURAGE EVERYONE TO BUY THE INTRADAY DECLINES FOR GREAT GAINS. AS CAN BE SEEN IN THE HOURLY CHART OF NIFTY FUTURES ABOVE, NIFTY HAS ALREADY BREACHED THE RESISTANCE LINE JOINING POINT 2 AND POINT 4 OF THE WOLFE WAVE ON A CLOSING BASIS. OPERATORS MAY TRY TO PULL NIFTY DOWN TOWARDS THE RESISTANCE LINE TO WEED OUT WEAKER HANDS FOR THEIR OWN SUITABLE ENTRY. THE HOURLY MACD IS ON THE VERGE OF A MONSTROUS UP MOVE THAT WILL SUPPORT THE BULLISHNESS OF THE +VE WOLFE WAVE TOWARDS THE LOGICAL TARGET OF 5800+ LEVELS EITHER ON FRIDAY OR EARLY NEXT WEEK. THE RISE OF HOURLY 20 EMA FROM BELOW TOWARDS THE HOURLY 50 EMA TO BREACH IT UPWARDS IS ANOTHER BULLISH SIGNAL WHICH MAY BE THWARTED BY OPERATORS BY PULLING DOWN NIFTY SO THAT 20 EMA IS NOT ALLOWED TO BREACH THE 50 EMA THAT EASILY. HOWEVER MARKETS LOOK EXTREMELY BULLISH FOR MUCH BIGGER UP MOVE.
IN THE DAILY CHARTS OF NIFTY FUTURES THE CANDLE OF 16TH OCTOBER HAD MADE A TWIN OUTSIDE BAR AS WELL AS AN INSIDE BAR SETUP WITH THE 16TH OCTOBER MOTHER CANDLE HIGH OF 5732. ON THURSDAY 18TH OCTOBER NIFTY FUTURE HAS BREACHED THE 16TH OCTOBER MOTHER CANDLE HIGH OF 5732 TO REACH A HIGH OF 5743 AND ALSO HAS CLOSED AT 5735 ABOVE THE MOTHER CANDLE HIGH WHICH IS ABOVE THE DAILY PIVOT WHICH AGAIN SEES MUCH HIGHER LEVELS FOR NIFTY FUTURES, ENCOURAGING INTRADAY TRADERS TO BOLDLY GO LONG ON OPERATORS MANIPULATED PULL DOWN OF NIFTY FUTURES. A DECISIVE BREACH OF 11TH OCTOBER HIGH OF THE POINT 2 OF THE WOLFE WAVE AT 5749 WHICH IS ALSO THE HIGH OF THE MOTHER CANDLE OF ANOTHER SET OF OUTSIDE BAR & INSIDE BAR SETUP, CAN SEE ACCELERATED UP MOVE FOR NIFTY FUTURES INITIALLY TOWARDS THE 8TH OCTOBER HIGH OF 5775 FUTURE LEVELS THAT WILL PAVE THE PATH FOR NEW HIGHS ABOVE THE RECENT 5TH OCTOBER HIGHS OF 5855 FUTURE LEVELS EARLY NEXT WEEK.
FOR INTRADAY TRADING PURPOSE ON FRIDAY, BE MENTALLY PREPARED TO SEE SOME OPERATOR INDUCED DECLINE OR DECLINE TRIGGERED BY EITHER OPERATORS OF SGX NIFTY OR SOME OTHER ASIAN MARKETS. TRADERS MUST REMEMBER, WHEN EVERYTHING LOOKS BULLISH AND MARKETS CLOSE AT THE HIGHEST POINT, THE OPERATORS GENERATE A GOOD BULL TRAP, THEN PLAY THE NASTY GAME OF PULLING DOWN THE MARKETS VERY NEXT MORNING TO WEED OUT WEAKER HANDS FOR THEIR OWN SUITABLE ENTRY AT THE LOWER LEVELS & THAT’S WHAT IS EXACTLY GOING TO HAPPEN ON FRIDAY. HOWEVER LONG TERM INVESTORS MUST MAKE FULL USE OF THIS OPERATOR MANIPULATED INITIAL DECLINE OR THE DECLINE AFTER A RISE TO ENTER LONG AND HOLD LONGS FOR VERY GOOD GAINS.
LAST WEEK ON FRIDAY 12TH OCTOBER, SPOT NIFTY HAD CLOSED AT 5676 AND FUTURE HAD CLOSED AT 5686. SO ONE SHOULD NOT BE SURPRISED TO SEE OPERATORS PULLING DOWN NIFTY TOWARDS LAST WEEKS CLOSING LEVELS UNDER THE FEAR OF DOW’S LIKELY MANIPULATIVE MOVE ON 19TH OCTOBER, FRIDAY NIGHT. NIFTY FUTURE HAS STRONG SUPPORT AROUND 5715 BELOW WHICH NIFTY FUTURES MAY SLIDE TOWARDS NEXT MAJOR SUPPORT AROUND 5700 TO 5696 LEVELS, A DECISIVE BREACH WHICH CAN EASILY SEE NIFTY FUTURES FALLING DOWN BADLY TOWARDS MUCH LOWER LEVELS.
SIMILARLY ON THE HIGHER SIDE, IN CASE THE CRITICAL LEVEL OF 5715 HOLDS AND BULLS CAN MANAGE TO LIFT NIFTY FUTURES UPWARDS, THWARTING THE THURSDAY’S BULL TRAP, THEN NIFTY FUTURES MAY MOVE UP TOWARDS THE CRITICAL RESISTANCE ZONE OF 5749 TO 5757 SUSTAINING ABOVE WHICH BEARS NO MORE MAY BE VISIBLE AS THEY WOULD HAVE COVERED THEIR BALANCE OF SHORTS BETWEEN 5749 TO 5757 FUTURE LEVELS& WOULD HAVE GOT CONVERTED AS BULLS, THAT MAY SEE NIFTY FUTURES SHOOTING UP TOWARDS 5766 TO 5775 LEVELS OR EVEN 5788 FUTURE LEVELS & THEN TO EYE STRAIGHT FOR THE 5800 LEVELS ON FRIDAY ITSELF WITHOUT WAITING FOR NEXT WEEK.
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