NIFTY CONTINUED TO MAINTAIN THE BULLISH MOMENTUM INSPITE OF RBI GOVERNOR DRAWING BLANK AND OLD FINANCIAL CHANNELS SPEAKINGALL NEGATIVE THINGS ABOUT THE MARKETS THROUGHOUT THE DAY. NIFTY AFTER THE RBI ANNOUNCEMENT OF STATUS QUO & NO CHANGE IN RATES SLIPPED TO AS LOW AS 5154 SPOT AND SHOWED A REMARKABLE BOUNCE FROM THE 89 DAY EMA THERE TO CLOSE IN THE FORM OF A BULLISH HAMMER TO CLOSE 29 POINTS UP AT 5229 ABOVE
MARKETS FOR 1ST AUGUST
NIFTY CONTINUED TO MAINTAIN THE BULLISH MOMENTUM INSPITE OF RBI GOVERNOR DRAWING BLANK AND OLD FINANCIAL CHANNELS SPEAKINGALL NEGATIVE THINGS ABOUT THE MARKETS THROUGHOUT THE DAY. NIFTY AFTER THE RBI ANNOUNCEMENT OF STATUS QUO & NO CHANGE IN RATES SLIPPED TO AS LOW AS 5154 SPOT AND SHOWED A REMARKABLE BOUNCE FROM THE 89 DAY EMA THERE TO CLOSE IN THE FORM OF A BULLISH HAMMER TO CLOSE 29 POINTS UP AT 5229 ABOVE
MARKETS FOR 31 JULY
OUT OF 20 TRADING DAYS IN THE MONTH OF JULY STARTING FROM THE 2ND JULY TILL EXPIRY DAY OF 27TH JULY SPOT NIFTY HAD MADE 17 BEARISH RED CANDLES & ONLY 3 BULLISH GREEN CANDLES AS CAN BE SEEN IN THE DAILY CHART ABOVE. SO, A SOLID GREEN CANDLE ON MONDAY SETS THE BULLISH PACE FOR THIS WEEK WITH MAJOR EVENTS LIKE RBI GOVERNOR’S LIKELY RATE CUT AND FED MEETING IN U.S. BOTH SCHEDULED FOR TUESDAY, THE END OF THE MONTH. MOST LIKELY THE MARKETS
Trader vs. Analyst
There is a huge difference between being a trader and being a market analyst.
Analysts are paid by being right. On this basis alone I am not smart enough to be an analyst. Traders are paid by managing risk. These two skill sets are a world apart. In my experience, people who try to be traders by being analysts usually lose their grip at both ends of the rope.
Identifying Contraction
There are no set rules for identifying contraction but some properties are available, that indicates or suggests that the contraction may start;
When prices are far away from MA
Suppose a stock have in a strong uptrend in EOD Chart. In 60 min chart, if the 20 period
MARKETS FOR 26TH JULY
BEING EXPIRY DAY, NOTHING WILL WORK FOR NIFTY OTHER THAN THE OPERATORS ACTION TO ENSURE THAT NIFTY CLOSES AT THE PRE DETERMINED LEVEL WHICH AS PER THE OPERATORS PLOT LOOKS LIKE 5100 OR BELOW. EVEN IF DOW IS MANIPULATED TO RISE BY EVEN 200 POINTS (ALTHOUGH IT WILL FALL AFTER CLOSURE OF EUROPEAN MARKETS ON WEDNESDAY), NIFTY WILL NOT MOVE AN INCH UP OR DOWN FROM THE OPERATORS PRE DETERMINED LEVEL OF EXPIRY CLOSING. IN CASE NIFTY IS TAKEN UP TO HAVE A HIGHER CLOSING THEN BULLS MUST BE
MARKETS FOR 25TH JULY
THERE IS NO CHANGE TO OUR VIEW EXPRESSED ON THE MARKETS THAT WAS GIVEN FOR 24TH JULY BELOW. AS LONG AS SPOT NIFTY CONTINUES TO STAY BELOW THE MONDAYS OPENING GAP HIGH OF 5164, EVERY APPROACH OF SPOT NIFTY TOWARDS THIS GAP HIGH OR EVEN TOWARDS TUESDAYS HIGH OF 5145 TO 5150 SPOT NIFTY LEVELS MAY BE RUTHLESSLY SHORTED
MARKETS FOR 24TH JULY
ACTUALLY, NO CHANGE HAS OCCURRED IN EUROPE THAT IS DIFFERENT FROM WHAT WAS EXISTING EARLIER. THIS PLANTED NEWS ON EUROPE OR SPAIN IS A WELL COORDINATED PLAN BY THE MONSTER OPERATORS TO BRING DOWN DOW FOR 3 TO 4 DAYS TILL WEDNESDAY OR THURSDAY WITH JUST 1 DAY OF PAUSE IN BETWEEN TO PULL DOWN REST OF THE WORLD MARKETS DURING THIS WEEK. AFTER
MARKETS FOR 23RD JULY
NIFTY DURING LAST WEEK, MOVED EXACTLY AS PER THE EXPECTATIONS AND MADE IT THE 2ND CONSECUTIVE WEEK OF LOWER CLOSING . ALTHOUGH THE WEEK SAW NIFTY SPOT MAKING A LOW OF 5169 & A HIGH OF 5257 & MOVED WITHIN A TIGHT BAND OF 88 POINTS FOR THE ENTIRE WEEK, YET THE WEEKLY CLOSING AT 5205 SPOT LOWER THAN THE CRITICAL 5217 WHICH WAS THE LOW OF THE PREVIOUS WEEK THREATENS FURTHER FALLS DURING THE COMING EXPIRY WEEK AS HE OPERATORS ARE DETERMINED TO HAVE NIFTY CLOSING CERTAINLY BELOW 5300 MARK
MARKETS FOR 20TH JULY
AS PREDICTED, NIFTY OPENED GAP UP AND IN SPITE OF REPEATED ATTEMPTS IT COULD NOT REACH THE CRITICAL SPOT NIFTY LEVEL OF 5267. IT MANAGED TO REACH THE DAY HIGH OF 5257 AND FELL SHORT BY 10 POINTS FROM THE CRITICAL SPOT NIFTY LEVEL OF 5267. AS LONG AS SPOT NIFTY DOES NOT DECISIVELY CROSS THE CRITICAL GAP HIGH OF 5267 TO CLOSE ABOVE IT FOR A DAY OR TWO,
MARKETS FOR 19TH JULY
STILL WE MAINTAIN OUR BEARISH OUTLOOK ON THE MARKETS AS LONG AS SPOT NIFTY CONTINUES TO TRADE BELOW THE GIVEN CRITICAL LEVEL OF 5267. THE WAY NIFTY BOUNCED AFTER TESTING THE CRITICAL SPOT LEVEL OF 5170 AFTER BREACHING THE 29TH JUNE GAP LOW OF 5188 TO AGAIN BOUNCE UP AND CLOSE AT 5216 SPOT MUCH ABOVE THE GAP LOW & SECONDLY TO MOVE UP TILL
5222 TO
MARKETS FOR 18TH JULY
SHORT, SHORT & ONLY SHORT EVERY OPERATOR INDUCED INTRADAY RISE OR GAP UP OPENING AS LONG AS SPOT NIFTY CONTINUES TO SUSTAIN BELOW 5267. THE
OPERATOR GENERATED GAP BETWEEN 5303 & 5267
MARKETS FOR 17TH JULY..
FRIDAY’S RISE OF 200 POINTS BY DOW WAS A WELL CONCEIVED PLAN BY THE EXTERNAL OPERATORS TO TRAP ASIAN MARKETS
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