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
PREPARED FOR A CLEAN & POLISHED SHAVE FOR NEXT FEW DAYS & IF NIFTY CLOSES MUCH BELOW 5100 THEN SOME DECEPTIVE RISE MAY BE EXPECTED DURING THE BALANCE OF THE DAYS OF JULY ONLY TO FALL AGAIN IN AUGUST.

FOR INTRADAY TRADING PURPOSE ON THE EXPIRY DAY, TRADERS MAY TRADE THROUGH “IN THE MONEY CALLS AND PUTS” OF JULY SERIES INSTEAD OF JULY OR AUGUST FUTURES AS MOST OF THE IN THE MONEY OPTIONS WILL MOVE SIMILAR TO THE FUTURES  BUT WITH VERY LESS MONEY REQUIRED TO TRADE. SO IF ONE WANTS TO BUY NIFTY FUTURES THEN BETTER TO BUY 5000 CALL OF JULY AND WHEN THE TIME COMES TO SELL NIFTY FUTURES BETTER TO BUY 5200 PUTS AND TRADE. NIFTY HAS ALREADY HAD 4 CONSECUTIVE DAYS OF LOWER LOWS AND ANOTHER DAY OF LOWER LOW CAN NOT BE RULED OUT ON THE EXPIRY DAY.

OUT OF THE 18 TRADING DAYS IN JULY, NIFTY HAS FORMED 15 RED CANDLES AND ONLY 3 GREEN CANDLES  IN DAILY CHARTS. SO ONE CAN EASILY ASSESS THE FEROCIOUS ACTION OF EXTERNAL OPERATORS MANIPULATING INDIAN MARKETS. THE EXPIRY WEEK OR MORE IMPORTANTLY THE EXPIRY DAY IS THE DAY WHEN THE OPERATORS CAN BE IDENTIFIED IF AT ALL THE REGULATORS ARE KEEN TO IDENTIFY THEM FOR THE BENEFIT OF MILLIONS OF INNOCENT INVESTORS. NIFTY SPOT IS CONFINED WITHIN THE CONFLUENCE OF 50 & 200 DAY EMA AROUND 5166 ON THE HIGHER SIDE & AROUND THE CONFLUENCE OF 50 & 200 DMA AROUND 5095 ON THE LOWER SIDE. A CLOSURE OF SPOT NIFTY ABOVE OR BELOW ANY OF THE EMA OR DMA CONFLUENCE FOR A DAY OR TWO WILL DECIDE THE NEXT COURSE OF ACTION FOR THE COMING DAYS.

OTHER THAN A BIG SURPRISE ELEMENT THAT MAY BE COVERTLY RESERVED BY THE BIG OPERATORS FOR THE EXPIRY DAY, NIFTY AS OF THE PRESENT CONDITIONS LOOKS LIKE HAVING THE EXPIRY AROUND OR BELOW 5100 SO THAT REMAINING DAYS OF JULY MONTH ITSELF CAN TEST THE CRITICAL 50% RETRACEMENT LEVEL OF 5060 SPOT NIFTY LEVELS  LEAVING THE NEXT LOGICAL 61.8% FIBO RETRACEMENT LEVEL OF 4990 TO BE TESTED IN THE DEADLY MONTH OF AUGUST.