WEEKLY ANALYSIS FOR WEEK ENDING 22ND MARCH

AFTER THE MONSTROUS  MOVE FOR THE   WEEK ENDING 8TH MARCH WHEN NIFTY SPOT HAD A LOW OF 5663, HIGH OF 5953 & CLOSED AT 5945 SPOT, NIFTY TOOK  A  PAUSE DURING THE LAST  WEEK  AND AFTER CORRECTING TILL A LOW OF 5792 VERY NEARLY TILL THE FIBO 61.8% LEVEL OF 5682 SPOT LEVELS, SHOT UP AGAIN TO A HIGH OF 5945 ON FRIDAY  & FELL  AGAIN ON THE SAME DAY TO A LOW OF 5861 TO CLOSE THE WEEK AT 5872 EXACTLY ON THE 20 DAY EMA. THE PATTERN OF DIRTY GAME PLAYED BY THE MANIPULATORS & OPERATORS CLEARLY SUGGESTS THAT NIFTY WILL BE KEPT SUPPRESSED & WILL NOT BE ALLOWED TO MOVE UP BEYOND THE FRIDAYS HIGH OF 5945 SPOT OR 5967 FUTURE LEVELS. EVEN IF IT IS MADE TO BREACH THESE LEVELS TO DECEIVE EVERYONE TO TRIGGER STOP LOSSES ABOVE THESE, BE ABSOLUTELY SURE THE SPOT NIFTY ZONE OF 5971 TO 5991 OR FUTURE LEVEL OF 5990 TO 5995 WILL NEVER BE ALLOWED BY MARKET MANIPULATORS TO BE BREACHED DURING THE MARCH MONTH. BESIDES OPERATORS & MANIPULATORS PLAYING THEIR NASTY ROLES, HIGHLY OPERATOR INFECTED SGX NIFTY AS WELL AS THE OLD FINANCIAL CHANNELS WHO ARE HEAVILY SHORT WILL NEVER ALLOW NIFTY TO MOVE UP ABOVE THESE CRITICAL LEVELS.  SO, FOR THE COMING WEEK ENDING 22ND MARCH, VERY SHORT TERM & INTRADAY TRADERS MAY ACT IN ADVANCE
OF THE OPERATORS ACTION TO SHORT THE MARKETS OUT OF SHAPE SHOULD NIFTY SPOT ON ANY INTRADAY UP MOVE FAILS TO APPROACH AND DECISIVELY CLOSE ABOVE 5945 BY HAVING A STOP LOSS ABOVE 11TH MARCH HIGH OF 5971 SPOT  TO REVERSE FOR GOING LONG SHOULD SPOT NIFTY CLOSES AT LEAST A 30 MINUTE CANDLE ABOVE 5971 SPOT. SHOULD THIS HAPPEN THEN MORE LONGS MAY BOLDLY BE ADDED IN CASE NIFTY SPOT MANAGES  TO BREACH AND SUSTAIN ABOVE 5991. CORRESPONDING LEVELS FOR NIFTY FUTURES ARE INDICATED IN THE 2 HOURLY CHART OF NIFTY FUTURES ABOVE. A FAILURE ON THE PART OF SPOT NIFTY TO MOVE UP & IF IT SLIDES TO SUSTAIN BELOW  FRIDAY’S LOW OF 5861 SPOT OR BELOW 5880 FUTURE LEVELS BY HAVING A 30 MINUTE CANDLE CLOSING BELOW THESE LEVELS, THEN IT WILL TURN WEAK TO INVITE INTRADAY &  SHORT TERM TRADERS TO INDULGE IN A SHORTING RAMPAGE & BE ABSOLUTELY SURE THIS SHORTING RAMPAGE MAY GIVE BIRTH TO EVEN BRUTAL SHORTING TO PRODUCE GREAT GAINS IF NIFTY BREACHES 14TH MARCH PANICKY LOW OF 5792 SPOT & 5805 FUTURE LEVELS.

IRRESPECTIVE OF THE OPERATOR & MANIPULATORS PLOT OF KEEPING THE INDIAN MARKETS SUPPRESSED AGAINST THE BULLISHNESS OF US, EUROPEAN & SOME ASIAN MARKETS, THE MEDIUM TO LONG TERM BULL CYCLE OF INDIAN MARKETS IS VERY MUCH INTACT THAT OFFERS GREAT OPPORTUNITY FOR MEDIUM TO LONG TERM INVESTORS TO BUY & HOLD EVERY SUCH OPERATOR & MANIPULATOR DRIVEN DECLINE  FOR GREAT GAINS IN THE NEAR FUTURE. VERY SHORT TERM & INTRADAY TRADERS SHOULD MAKE THEIR MOVES AHEAD OF THE LIKELY PLOT OF MARKET MANIPULATORS TO TRADE SHORT ON FAILURE OF NIFTY TO BREACH THE RESISTANCE LINES AND ALSO ON BREACH OF THE SUPPORT LINES FOR QUICK GAINS. MOST LIKELY MANIPULATORS WILL NOT ALLOW NIFTY TO CLOSE MUCH ABOVE 5900 DURING THE MARCH EXPIRY & THERE ARE MORE CHANCES OF OPERATORS PULLING DOWN THE MARKETS AGAIN BY END OF MARCH TO GENERATE SUFFICIENT UP SIDE SPACE TO SEE NIFTY MOVING UP SUBSTANTIALLY DURING THE MARKET FRIENDLY MONTH OF APRIL.

1 comment:

ANUBHA JAIN said...

EUR/USD TREND: CONSOLIDATE RES 1: 1.2780 RES 2: 1.2820 SUPP 1: 1.2700 SUPP 2: 1.2660 STRATEGY: BUY ON DIPS
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