MARKETS FOR 22ND AUGUST

NIFTY MOVED UP AS PER EXPECTATIONS AND THE RISE ABOVE ALL NEAR TERM  BARRIERS TO MAKE A DAY HIGH OF 5425 SPOT LEVELS & TO CLOSE THE DAY AT 5421 SPOT ALTHOUGH TECHNICALLY LOOKS HIGHLY BULLISH, YET IT HAS THE HIDDEN ELEMENT OF AN IDEAL BULL TRAP ATTACHED WITH IT TO PERHAPS TRAP THE OVER ENTHUSIASTIC  BULLS WHO CARRIED THE OVER NIGHT LONGS WITHOUT REALIZING THE  OVERNIGHT DITCH THAT WAS  BEING  PREPARED BY DOW OPERATORS. IN SPITE
OF SUCH BIG RISE IN NIFTY ON TUESDAY THE WAY OPERATOR & MANIPULATORS STOCKS  LIKE TATA STEEL, HDIL, PETRONET, BIOCON, ITC  ETC REMAINED NEGATIVE WAS THE EARLY INDICATION OF A BULL TRAP.

WHENEVER THESE HIGHLY OPERATOR INFECTED STOCKS REMAIN FLAT TO NEGATIVE ON A DAY WHEN NIFTY MAKES GOOD UP MOVE, BE SURE THAT THERE IS  SOME THING IS FISHY AND MARKETS MAY FALL THE NEXT DAY. BE SURE THESE OPERATOR INFECTED STOCKS WILL BE KEPT SUPPRESSED FOR SOME MORE DAYS. THE NEGATIVE CLOSING OF DOW ON TUESDAY NIGHT AFTER THE BULLISH CLOSING OF EUROPEAN MARKETS IS THE TYPICAL MANIPULATIVE ACTION OF EXTERNAL OPERATORS WHO RULE THE ENTIRE ASIAN MARKETS & INDIAN MARKETS ARE HIGHLY VULNERABLE TO THIS TYPE OF OPERATORS ACTION. SO, AFTER A GOOD OPENING TO THE TRUNCATED WEEK ON TUESDAY, BE PREPARED FOR SOME OPERATOR INFECTED DECLINE IN THE MARKETS TO WHICH ONE MUST TAKE FULL ADVANTAGE OF TO BUY THE DECLINES AS LONG AS SPOT NIFTY DOES NOT CLOSE BELOW THE CRITICAL LEVEL OF 5340. WITHOUT LOOKING LEFT & RIGHT OR ANY FURTHER  LEVELS FOR NIFTY ANY MORE, RUTHLESS SHORTING ACTION MAY BE RESORTED TO IN CASE SPOT NIFTY CLOSES BELOW 5340 ON ANY TO SEE MUCH LOWER LEVELS AS A CORRECTIVE ACTION TO THE BIG UP MOVE FROM THE JULY EXPIRY DAY MANIPULATED LOW OF 5032.

FOR WEDNESDAY’S INTRADAY TRADING PURPOSE, SPOT NIFTY HAVING CLOSED ON TUESDAY AT 5421 HAS STRONG INTRADAY SUPPORT AROUND 5386 FOLLOWED BY 5377.  A FAILURE ON THE PART OF THE BULLS TO HOLD 5375 SPOT MAY SEE A STONE LIKE FALL IN NIFTY TOWARDS NEXT SUPPORT OF 5355 THAT MAY EVEN THREATEN FRIDAY’S CAG REPORT GENERATED PANICKY LOW OF 5341. SIMILARLY ON THE HIGHER SIDE IN CASE BULLS ARE ADAMANT & STICK TO THEIR GUNS, THEN THERE IS EVERY POSSIBILITY OF NIFTY AFTER THE INITIAL DOW GENERATED HITCH,  MOVING UP STEP BY STEP TOWARDS NEXT HIGHER LEVELS OF 5445 TO 5450 CRITICAL ZONE SUSTAINING ABOVE WHICH RENEWED BOUTS OF SHORT COVERING CAN PROPEL NIFTY SPOT TOWARDS 5466 IN A DAY OR TWO FOLLOWED BY 5478 OR EVEN 5490 IN NEXT FEW DAYS ONLY, TO BE AT THE STRIKING DISTANCE FROM THE CRITICAL HURDLE OF 5499 SPOT.

SO, FOR INTRADAY TRADERS, ONE MAY PLAN TO BUY IN CASE NIFTY SPOT APPROACHES THE SPOT ZONE OF 5395 TO 5390 WITH A STOP LOSS BELOW IT. IN CASE SPOT NIFTY FAILS TO SUSTAIN ABOVE THE CRITICAL SPOT ZONE OF 5395 TO 5390, THEN  ONE MAY PLAN TO TRADE SHORT FOR GOOD INTRADAY GAINS. SIMILARLY ON THE HIGHER SIDE FAILURE ON PART OF SPOT NIFTY TO BREACH OR EVEN TO APPROACH TOWARDS THE CRITICAL SPOT ZONE OF 5445 TO 5450 MAY BE RUTHLESSLY SHORTED WITH PUNITIVE FORCE BY HAVING A STOP LOSS ABOVE THIS CRITICAL SPOT ZONE TO REVERSE FOR LONGS TO HAVE QUICK INTRADAY GAINS.