MARKETS FOR 13TH AUGUST

NIFTY EVEN AFTER THREE CONSECUTIVE DAYS OF NEGATIVE CLOSINGS, STILL MANAGED TO CLOSE 2% UP AT 5320  COMPARED TO PREVIOUS  FRIDAY OF 3RD AUGUST CLOSING OF 5215 THUS MAKING IT THE 2ND CONSECUTIVE WEEK OF BULLISH CLOSING AFTER 3 CONSECUTIVE WEEKS OF NEGATIVE CLOSINGS FROM  10TH JULY HIGH OF 5348 TILL THE  EXPIRY DAY 26TH JULY MANIPULATED LOW OF 5032.

THIS WEEK NIFTY SPOT ALSO BREACHED THE EARLIER 10TH JULY SWING HIGH OF 5349  TO REACH TILL 5277 SPOT LEVELS, BUT THE LAST 3 CONSECUTIVE DAYS OF MILDER FALLS SAW NIFTY CLOSING THE WEEK AT 5320 STILL LOWER THAN THE 10 JULY CLOSING HIGH OF 5345. SO, IRRESPECTIVE OF ANY AMOUNT OF INTRADAY TOWERS MADE BY NIFTY,  AS LONG AS IT FAILS TO CLOSE ABOVE THE PREVIOUS CLOSING SWING HIGH OF 5345 OR MORE IMPORTANTLY ABOVE 5349, EVERY INTRADAY RISE WILL FIZZLE OUT TO SEE LOWER CLOSINGS. A DAILY CLOSE ABOVE LAST WEEKS HIGH OF 5377 SPOT WILL CONFIRM THE MEGA UP MOVE THAT HAS STARTED AFTER 26TH JULY EXPIRY DAY MANIPULATED LOW OF 5031.

FRAUDULENT RATING AGENCIES HAVE JUST COMMENCED THEIR NASTY ACTION OF DOWN GRADING INDIAN  MARKETS TAKING FULL ADVANTAGE OF WHOLE HEARTED SUPPORT FROM OLD FINANCIAL CHANNELS WHO ARE HOLDING SHORT POSITIONS AND WANT INDIAN MARKETS TO FALL MORE. THE NEXUS BETWEEN THE OLD FINANCIAL CHANNELS , FRAUDULENT RATING AGENCIES, SOME FRAUDULENT FUND HOUSES TOGETHER WITH MONSTER OPERATORS  IS MANY MANY FOLDS LARGER THAN THE MATCH FIXING  EPISODES ONE COMES ACROSS TIME TO TIME & IT IS NOT FAR OFF WHEN THIS WHOLE NEXUS OF MARKET ‘PRICE FIXING’ WILL COME TO LIME LIGHT TO EXPOSE THE BUNCH OF MARKET MANIPULATORS. SO, ONE SHOULD NOT LOSE SIGHT OF THESE MODERN DAY NON TECHNICAL FACTORS WHEN PLANNING TO BUY & HOLD FOR LONG TO MEDIUM TERM.

FOR INTRADAY TRADING ON MONDAY 13TH AUGUST, FALLING ON THE DEADLY NUMBERS OF 13 & 8, ONE MAY EXPECT MASSIVE OPERATOR ACTION TO PULL INDIAN MARKETS DOWN AT LEAST INITIALLY. TO THIS EXTENT ONE SHOULD NOT BE SURPRISED TO SEE HIGHLY MANIPULATIVE SGX NIFTY  REMAINING NEGATIVE INITIALLY TO INDUCE A NEGATIVE OPENING IN INDIAN MARKETS. IF ONE HAS A CLOSER LOOK AT THE HOURLY CHART ABOVE, ONE WILL NOTICE THAT THE LEVELS OF 5330 TO 5340 ARE HIGHLY CRITICAL FOR SPOT NIFTY TO MOVE UP. SO, UNLESS THERE IS A GAP UP OPENING ABOVE THIS SPOT ZONE OF 5330 TO 5340, IT MAY BE TOUGH FOR NIFTY TO MOVE UP AND SUSTAIN ABOVE THIS CRITICAL SPOT ZONE OF 5330 TO 5340. CRITICAL INTRADAY MOMENTUM INDICATOR THE HOURLY STOCH AFTER HAVING BOTTOMED OUT HAS STARED TO RAISE ITS HEAD ABOVE THE OVERSOLD ZONE TO PEEP INTO THE  UPWARD ZONE AS CAN BE SEEN IN THE HOURLY CHART ABOVE, THAT WILL ENCOURAGE INTRADAY TRADERS TO BOLDLY BUY THE INITIAL DECLINES IF AT ALL IT COMES TOWARDS 5300 OR SUB 5300 SPOT LEVELS.

THE HOURLY CANDLE FORMED AT THE END OF 2 PM ON FRIDAY 10TH JULY IS A MOTHER CANDLE TO THE  4 IN 1 OUT SIDE BAR AS WELL AS 2 IN 1 IN SIDE BAR TRADE SETUP.  SO, THE EXTREMITIES OF THIS 2 PM  HOURLY MOTHER CANDLE WITH HIGHS AT 5331 &  LOW AT 5294 WILL PLAY A CRITICAL ROLL IN DECIDING THE INTRADAY FATE OF SPOT NIFTY.  A DECISIVE RISE ABOVE THE HIGH OF THE MOTHER CANDLE AT 5331 TO HAVE AN HOURLY CLOSE ABOVE IT MAY TRIGGER MASSIVE SHORT COVERING TO PROPEL NIFTY TOWARDS LAST WEEKS HIGHS OF 5368 TO 5377 SPOT & A DECISIVE FALL BELOW FRIDAYS LOW OF 5294 TO SUSTAIN BELOW IT WILL SEE MERCILESS MASSACRE OF THE BULLS TO SEE NIFTY FALLING TOWARDS THE LOWER LEVELS OF 5277 TO 5270 FOLLOWED BY THE LAST MONDAYS GAP LOW OF 5262.  HOWEVER ON ANY DAY SHOULD NIFTY SPOT BREACH THE GAP LOW OF 5262 TO ENTER THE GAP & THEN IF IT RISES TO CLOSE ABOVE THE GAP LOW, THEN IT  WILL AGAIN INFUSE MEGA BULLISHNESS INTO THE MARKETS.

FOR NIFTY FUTURE TRADERS, NIFTY FUTURE WHICH HAD CLOSED AROUND 5350 ON FRIDAY, WILL BECOME SUPER BULLISH ON BREACH OF 5375 TO 5380 FUTURE ZONE DURING ACTUAL TRADING OTHER THAN A GAP UP. IN CASE NIFTY FUTURE BREACHES AND SUSTAINS ABOVE THE 5375 TO 5380 ZONE, THEN  THERE  IS EVERY POSSIBILITY OF A RISE TOWARDS LAST WEEKS FUTURES HIGH OF 5393 TO MOVE UP TO HAVE THE SWEET TASTE OF 5400 LEVELS TO INDUCE ANOTHER BOUT OF SHORT COVERING TOWARDS HIGHER LEVELS. SIMILARLY ON THE LOWER SIDE IN CASE NIFTY FUTURE IS MADE TO SLIDE BELOW THE CRITICAL 5325 TO 5320 FUTURE LEVELS, THEN IT MAY SEE THE BULLS  BEING WHIPPED LEFT & RIGHT  TO RUN  TOWARDS 5300 FOLLOWED BY EVEN 5284 FUTURE LEVELS.  ALTHOUGH THE MARKETS TECHNICALLY LOOK HIGHLY BULLISH AFTER THE EXPECTED THREE DAYS OF PAUSE, YET OPERATORS MANIPULATION COUPLED WITH THE NASTY ACTION OF OLD FINANCIAL CHANNELS MAY COMPLETELY ROB THE BULLISH CHARM FROM INDIAN MARKETS & RUIN  INDIAN MARKETS ENTIRELY.