THE WEEK ENDED ON A TRIUMPHANT NOTE WITH NIFTY SPOT CLOSING AT 6064 MUCH ABOVE THE WEEK ENDING 11TH JANUARY CLOSING OF 5951. WELL, THE BULL RUN CONTINUES & WILL CONTINUE TOWARDS MUCH HIGHER LEVELS. PRESENTLY NIFTY IS IN THE INITIAL STAGES OF THE MEGA 3RD UP WAVE & IS JUST HALF WAY THROUGH THE ON GOING BULL CYCLE. NOTORIOUS ACTS OF INTERESTED PARTIES TO BRING OLD HARASSING NEWS TO INDUCE NEGATIVE SENTIMENT WILL ONLY ACT AS THE BOOSTER DOSE BECAUSE THE MARKETS AFTER THE PAUSE WILL MOVE UP MORE VIGOROUSLY AS BEING SEEN FOR MANY DAYS. THE RESULTS OF MOST OF THE COMPANIES WILL BE GOOD THAT WILL PROPEL THE MARKETS TOWARDS MUCH HIGHER LEVELS ENCOURAGING MEDIUM TO LONG TERM INVESTORS TO BUY THE
DECLINES FOR GREAT GAINS. AFTER EVERY RISE IN THE MARKETS FOR 3 TO 4 DAYS , BEARISH MINDED ANALYSTS WILL BE SUMMONED TO DELIVER SOME BEARISH SOUNDING ANALYSIS BUT ONLY TO FIND THAT THE MARKETS ARE MOVING UP & UP ONLY AFTER EVERY PAUSE OR MILD CORRECTION.
FOR THE COMING WEEK WHICH IS A TRUNCATED ONE WITH FRIDAY 25TH JANUARY BEING A HOLIDAY, ONE MAY EXPECT ANOTHER WEEK OF PAUSE TO COMPENSATE SOME OF THE RISE OF LAST WEEK ENDING 18TH JANUARY WHEN NIFTY HAD GONE UP BY MORE THAN 2%. SO, AFTER THE KING RELIANCE’S BULLISH RESULTS INDUCED RISE ON EARLY MONDAY OPERATORS MAY PLAN TO PULL THE MARKETS DOWN DURING THE TRUNCATED WEEK TO LIFT IT AGAIN DURING THE LAST WEEK OF THE MONTH WITH EXPIRY FALLING ON 31ST JANUARY. SO, TRADERS & VERY SHORT TERM INVESTORS MAY PLAN TO TRADE SHORT TOWARDS THE WEDNESDAY OR IN CASE THEY FIND THERE IS EXCESSIVE UP MOVE ON MONDAY AFTER THE INDEX HEAVY RELIANCE RESULTS OF FRIDAY.
SINCE EVERYONE HAS TURNED BULLISH DURING LAST WEEK AFTER THE TECH HEAVY RESULTS, ONE SHOULD NOT BE SURPRISED TO SEE MARKETS BEING PULLED DOWN BY MANIPULATORS FROM MONDAY ITSELF. MEDIUM TO LONG TERM INVESTORS MAY QUIETLY ACCUMULATE BADLY BEATEN DOWN STOCKS IN THE SECTORS OF PHARMA, BIOTECH, INFRA, FMCG & METAL STOCKS FOR GREAT GAINS IN THE MEDIUM TO LONG TERM. OPERATORS HAVE SUPPRESSED THESE HIGHLY STRONG FUNDAMENTAL STOCKS TO ACCUMULATE AT LOWER LEVELS & THESE WILL BE KEPT SUPPRESSED TILL THE COMING EXPIRY. SO BUY THESE STOCKS & THEIR FUTURES ON FURTHER DECLINES BUT BOLDLY SHORT THEIR OUT OF THE MONEY CALLS TO TAKE FULL ADVANTAGE OF THE PREMIUM ENJOYED BY THESE OUT OF THE MONEY CALLS.
TECHNICALLY, THE MARKETS CONTINUE TO LOOK STRONG FOR MUCH HIGHER LEVELS & ONE SHOULD NOT BE SURPRISED TO SEE NEW LIFE TIME HIGH OR ITS NEAR LEVELS BEING ATTAINED BY NIFTY & SENSEX BEFORE OR AROUND THE BUDGET TIME. THERE WILL BE MAY OPERATOR DRIVEN PULL DOWNS & PAUSES TO INDUCE A FEELING EVERY TIME THAT BULL MARKET IS OVER AND BEAR MARKET HAS STARTED. SAME THING HAPPENED DURING THE EARLIER BULL MARKETS OF 1990 TO 1992, 1999 TO 2000, APRIL 2003 TILL JANUARY 2008 & THIS BULL MARKET IS NO EXCEPTION. BUT BE ABSOLUTELY SURE THIS BULL MARKET WHICH IS TO CONTINUE TILL 2016 WILL HAVE MUCH MUCH HIGHER PERCENTAGE GAINS COMPARED TO ALL THE PREVIOUS BULL MARKETS.
FOR THE COMING WEEK THE SUPPORT & RESISTANCE LEVELS ARE GIVEN IN THE CHART ABOVE. ALTHOUGH SPOT NIFTY HAS NOT YET CLOSED ABOVE THE CRITICAL LEVEL OF 6070, YET IT HAS BREACHED IT AND BOTH THE DAILY BEARISH ENGULFING CANDLES OF 7TH & 11TH JANUARY HAVE BEEN FULLY NEUTRALIZED. THE PRESENT ON GOING BULL RUN WILL CONTINUE FOR THE COMING WEEKS AND MONTHS, AS LONG AS SPOT NIFTY DOES NOT BREACH AND CLOSE BELOW 5800, WHICH IS BELOW THE STRONG SUPPORT LINE COMING FROM THE 4TH JUNE SWING LOW OF 4770 SPOT LEVELS (FROM HERE THE MONSTER 3RD UP SUB WAVE OF THE 3RD MAJOR UP WAVE HAS COMMENCED TO MAKE NEW LIFE TIME HIGHS) & JOINING 26TH JULY LOW OF 5032, 5TH SEPT LOW OF 5215 & 20 NOV LOW OF 5548. A DAILY CLOSE BY SPOT NIFTY FOR TOW TO THREE DAYS BELOW THE 18TH DECEMBER LOW OF 5823 WILL BE THE FIRST GO AHEAD SIGNAL FOR THE LONG POSITION HOLDERS TO DUMP THE LONG POSITIONS AND GO SHORT. TILL THIS HAPPENS, BUY EVERY SHORT TERM PAUSE OR DECLINE TO RIDE THE BULL RUN FOR UNIMAGINABLE GAINS.
FOR THE COMING TRUNCATED WEEK ENDING 24TH JANUARY, ON ANY DAY, A FALL TO SUSTAIN BELOW THE CRITICAL LEVEL OF 5988 WHICH IS THE LOW OF THE BULLISH PIERCING CANDLE OF THURSDAY, SHOULD SEE NIFTY FALLING FURTHER AND A SLIDE TO SUSTAIN BELOW THE 11TH JANUARY BEARISH ENGULFING CANDLE LOW OF 5940 ( BY HAVING A 30 MINUTE CANDLE CLOSE BELOW IT) SHOULD BE THE GREEN SIGNAL FOR SHORT TERM BULLS TO JOIN HANDS WITH THE BEARS TO TRADE SHORT. THE CANDLE OF FRIDAY 18TH JANUARY AS CAN BE SEEN IN THE CHART ABOVE IS A DOJI 7TH NRB CANDLE THAT HAS THE COILED SPRING ENERGY STORED IN IT TO SEE NIFTY SPOT JUMPING TO MUCH HIGHER LEVELS ON CLOSING ABOVE THE FRIDAY’S DOJI 7TH NRB HIGH OF 6084. SIMILARLY A CLOSE OF SPOT NIFTY BELOW THE LOW OF THIS DOJI 7TH NRB AT 6048 CAN SEE THE BULLS QUIETLY CHANGING THEIR COLORS & GETTING CONVERTED TO JOIN THE BEARS IN PULLING DOWN THE MARKETS FURTHER TOWARDS THE LOWER LEVELS EXPLAINED ABOVE.
AS CAN BE SEEN IN THE DAILY CHART ABOVE, NIFTY HAS MADE A BULLISH CUP HANDLE FORMATION & ON FRIDAY NIFTY SPOT TESTED THE HIGH OF 6084 EXACTLY ON THE NECK LINE JOINING 11TH DECEMBER HIGH OF 5965, 7TH JANUARY HIGH OF 6042 & 15 JANUARY HIGH OF 6069. A DECISIVE BREACH ( CERTAINLY NOT A MANIPULATED GAP UP BREACH & THEN FALLING) AND SUSTAINING ABOVE THIS NECK LINE NOW AROUND 6100 TO CLOSE ABOVE IT WILL CERTAINLY SEE MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY BY ANOTHER 160 TO 170 POINTS TO ENCOUNTER THE MAJOR HURDLE AROUND 4TH JANUARY 2011 HIGH OF 6181 SPOT NIFTY LEVELS.
DECLINES FOR GREAT GAINS. AFTER EVERY RISE IN THE MARKETS FOR 3 TO 4 DAYS , BEARISH MINDED ANALYSTS WILL BE SUMMONED TO DELIVER SOME BEARISH SOUNDING ANALYSIS BUT ONLY TO FIND THAT THE MARKETS ARE MOVING UP & UP ONLY AFTER EVERY PAUSE OR MILD CORRECTION.
FOR THE COMING WEEK WHICH IS A TRUNCATED ONE WITH FRIDAY 25TH JANUARY BEING A HOLIDAY, ONE MAY EXPECT ANOTHER WEEK OF PAUSE TO COMPENSATE SOME OF THE RISE OF LAST WEEK ENDING 18TH JANUARY WHEN NIFTY HAD GONE UP BY MORE THAN 2%. SO, AFTER THE KING RELIANCE’S BULLISH RESULTS INDUCED RISE ON EARLY MONDAY OPERATORS MAY PLAN TO PULL THE MARKETS DOWN DURING THE TRUNCATED WEEK TO LIFT IT AGAIN DURING THE LAST WEEK OF THE MONTH WITH EXPIRY FALLING ON 31ST JANUARY. SO, TRADERS & VERY SHORT TERM INVESTORS MAY PLAN TO TRADE SHORT TOWARDS THE WEDNESDAY OR IN CASE THEY FIND THERE IS EXCESSIVE UP MOVE ON MONDAY AFTER THE INDEX HEAVY RELIANCE RESULTS OF FRIDAY.
SINCE EVERYONE HAS TURNED BULLISH DURING LAST WEEK AFTER THE TECH HEAVY RESULTS, ONE SHOULD NOT BE SURPRISED TO SEE MARKETS BEING PULLED DOWN BY MANIPULATORS FROM MONDAY ITSELF. MEDIUM TO LONG TERM INVESTORS MAY QUIETLY ACCUMULATE BADLY BEATEN DOWN STOCKS IN THE SECTORS OF PHARMA, BIOTECH, INFRA, FMCG & METAL STOCKS FOR GREAT GAINS IN THE MEDIUM TO LONG TERM. OPERATORS HAVE SUPPRESSED THESE HIGHLY STRONG FUNDAMENTAL STOCKS TO ACCUMULATE AT LOWER LEVELS & THESE WILL BE KEPT SUPPRESSED TILL THE COMING EXPIRY. SO BUY THESE STOCKS & THEIR FUTURES ON FURTHER DECLINES BUT BOLDLY SHORT THEIR OUT OF THE MONEY CALLS TO TAKE FULL ADVANTAGE OF THE PREMIUM ENJOYED BY THESE OUT OF THE MONEY CALLS.
TECHNICALLY, THE MARKETS CONTINUE TO LOOK STRONG FOR MUCH HIGHER LEVELS & ONE SHOULD NOT BE SURPRISED TO SEE NEW LIFE TIME HIGH OR ITS NEAR LEVELS BEING ATTAINED BY NIFTY & SENSEX BEFORE OR AROUND THE BUDGET TIME. THERE WILL BE MAY OPERATOR DRIVEN PULL DOWNS & PAUSES TO INDUCE A FEELING EVERY TIME THAT BULL MARKET IS OVER AND BEAR MARKET HAS STARTED. SAME THING HAPPENED DURING THE EARLIER BULL MARKETS OF 1990 TO 1992, 1999 TO 2000, APRIL 2003 TILL JANUARY 2008 & THIS BULL MARKET IS NO EXCEPTION. BUT BE ABSOLUTELY SURE THIS BULL MARKET WHICH IS TO CONTINUE TILL 2016 WILL HAVE MUCH MUCH HIGHER PERCENTAGE GAINS COMPARED TO ALL THE PREVIOUS BULL MARKETS.
FOR THE COMING WEEK THE SUPPORT & RESISTANCE LEVELS ARE GIVEN IN THE CHART ABOVE. ALTHOUGH SPOT NIFTY HAS NOT YET CLOSED ABOVE THE CRITICAL LEVEL OF 6070, YET IT HAS BREACHED IT AND BOTH THE DAILY BEARISH ENGULFING CANDLES OF 7TH & 11TH JANUARY HAVE BEEN FULLY NEUTRALIZED. THE PRESENT ON GOING BULL RUN WILL CONTINUE FOR THE COMING WEEKS AND MONTHS, AS LONG AS SPOT NIFTY DOES NOT BREACH AND CLOSE BELOW 5800, WHICH IS BELOW THE STRONG SUPPORT LINE COMING FROM THE 4TH JUNE SWING LOW OF 4770 SPOT LEVELS (FROM HERE THE MONSTER 3RD UP SUB WAVE OF THE 3RD MAJOR UP WAVE HAS COMMENCED TO MAKE NEW LIFE TIME HIGHS) & JOINING 26TH JULY LOW OF 5032, 5TH SEPT LOW OF 5215 & 20 NOV LOW OF 5548. A DAILY CLOSE BY SPOT NIFTY FOR TOW TO THREE DAYS BELOW THE 18TH DECEMBER LOW OF 5823 WILL BE THE FIRST GO AHEAD SIGNAL FOR THE LONG POSITION HOLDERS TO DUMP THE LONG POSITIONS AND GO SHORT. TILL THIS HAPPENS, BUY EVERY SHORT TERM PAUSE OR DECLINE TO RIDE THE BULL RUN FOR UNIMAGINABLE GAINS.
FOR THE COMING TRUNCATED WEEK ENDING 24TH JANUARY, ON ANY DAY, A FALL TO SUSTAIN BELOW THE CRITICAL LEVEL OF 5988 WHICH IS THE LOW OF THE BULLISH PIERCING CANDLE OF THURSDAY, SHOULD SEE NIFTY FALLING FURTHER AND A SLIDE TO SUSTAIN BELOW THE 11TH JANUARY BEARISH ENGULFING CANDLE LOW OF 5940 ( BY HAVING A 30 MINUTE CANDLE CLOSE BELOW IT) SHOULD BE THE GREEN SIGNAL FOR SHORT TERM BULLS TO JOIN HANDS WITH THE BEARS TO TRADE SHORT. THE CANDLE OF FRIDAY 18TH JANUARY AS CAN BE SEEN IN THE CHART ABOVE IS A DOJI 7TH NRB CANDLE THAT HAS THE COILED SPRING ENERGY STORED IN IT TO SEE NIFTY SPOT JUMPING TO MUCH HIGHER LEVELS ON CLOSING ABOVE THE FRIDAY’S DOJI 7TH NRB HIGH OF 6084. SIMILARLY A CLOSE OF SPOT NIFTY BELOW THE LOW OF THIS DOJI 7TH NRB AT 6048 CAN SEE THE BULLS QUIETLY CHANGING THEIR COLORS & GETTING CONVERTED TO JOIN THE BEARS IN PULLING DOWN THE MARKETS FURTHER TOWARDS THE LOWER LEVELS EXPLAINED ABOVE.
AS CAN BE SEEN IN THE DAILY CHART ABOVE, NIFTY HAS MADE A BULLISH CUP HANDLE FORMATION & ON FRIDAY NIFTY SPOT TESTED THE HIGH OF 6084 EXACTLY ON THE NECK LINE JOINING 11TH DECEMBER HIGH OF 5965, 7TH JANUARY HIGH OF 6042 & 15 JANUARY HIGH OF 6069. A DECISIVE BREACH ( CERTAINLY NOT A MANIPULATED GAP UP BREACH & THEN FALLING) AND SUSTAINING ABOVE THIS NECK LINE NOW AROUND 6100 TO CLOSE ABOVE IT WILL CERTAINLY SEE MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY BY ANOTHER 160 TO 170 POINTS TO ENCOUNTER THE MAJOR HURDLE AROUND 4TH JANUARY 2011 HIGH OF 6181 SPOT NIFTY LEVELS.
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