MARKETS FOR 24TH DECEMBER

FOR INTRADAY TRADING PURPOSE ON MONDAY 24TH DECEMBER  FOR MONDAY OR  FOR ANY DAY DURING THE TRUNCATED WEEK, BESIDES THE MONTH & YEAR END WEEK, THE FACTOR THAT WILL INFLUENCE THE MARKET IS THE CLOSING OF SPOT NIFTY AROUND 5848 BELOW THURSDAYS LOW OF 5881. THE CANDLE OF WEDNESDAY WAS A 7TH NRB WITH HIGH AT 5939 & LOW AT 5910. ALTHOUGH ON THURSDAY NIFTY SPOT MADE A LOWER LOW AT 5881 YET IT MOVED UP TO CLOSE AT 5916 ABOVE 5810 SPOT, THE LOW OF THE 7TH NRB OF WEDNESDAY. HOWEVER ON FRIDAY NIFTY SPOT MADE A LOW OF 5841 AND WAS MADE TO CLOSE AT 5848  MUCH BELOW 5910 SPOT, THE LOW OF THE 7TH NRB . ALTHOUGH IT WAS A WELL COORDINATED MOVE BY DOW OPERATORS WHO HAD MANIPULATED DOW FUTURES TO REMAIN LOW AT 165 TO 170 POINTS NEGATIVE DURING THE ASIAN TRADING HOURS ON FRIDAY  TO GENERATE
PANIC FOR WEEKEND , YET THE CLOSER OF FRIDAY AT 5848 BELOW THE LOW OF WEDNESDAY’S 7TH NRB IS TECHNICALLY A WEAK SIGNAL THAT WILL MAKE THE OPERATORS TO PULL NIFTY SPOT A BIT MORE DOWN TOWARDS THE LOWER CHANNEL AROUND 5808 AS CAN BE SEEN IN THE CHART ABOVE.

SO, A SLIDE OF SPOT NIFTY BELOW FRIDAYS LOWS OF 5842 WILL MAKE IT FURTHER WEAK TOWARDS 5830,5818 &  5808 TO 5800 ZONE THAT WILL SEE BULLS RESURFACING AGAIN TO PROTECT THE LOWER CHANNEL. SIMILARLY SPOT NIFTY HAS TO BREACH AND SUSTAIN ABOVE 5875 TO 5885 ZONE TO MOVE UP FURTHER. EVEN A BREACH AND SUSTAINING ABOVE SPOT NIFTY LEVEL OF  5863 CAN GENERATE HOPES FOR THE BULLS TO MOVE UP. SIMILARLY ON THE LOWER SIDE, SLIDE OF SPOT NIFTY BELOW 5842 FOLLOWED BY 5832 WILL PROJECT EARLY SIGNALS OF OPERATORS GAME PLAN TO PULL NIFTY FURTHER DOWN .

A SLIDE OF SPOT NIFTY BELOW 5920 TO 5815 ZONE WILL CONFIRM THAT OPERATORS ARE IN FULL PLAY TO PULL NIFTY FURTHER DOWN TOWARDS 5808 OR EVEN 5800 TO GENERATE PANIC SO THAT THERE IS  MASS EXODUS OF RETAIL PARTICIPANTS TO ALLOW OPERATORS TO ENTER AT LOWER LEVELS. THE BOTTOMING OUT OF SLOW STOCHASTIC IN THE HOURLY CHART ABOVE ALTHOUGH GENERATE HOPES FOR THE BULLS FOR A REASONABLY GOOD BOUNCE SIMILAR TO EARLIER CASES

3 comments:

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