MARKETS FOR 9TH AUGUST

AS WAS MENTIONED ON WEDNESDAY, NIFTY ALTHOUGH MOVED UP TILL 5364, YET FAILED TO CLOSE ABOVE  THE CRITICAL GIVEN  LEVEL OF 5353. IT WAS  BROUGHT DOWN AFTER 2.20 P.M.  TO REACH A DAY LOW OF 5330 TO FINALLY CLOSE NEAR THE LOW OF THE DAY AT 5338 IN THE FORM OF A DEADLY PIN BAR. WELL, REMEMBER TRADERS, THIS DEADLY PIN BAR  IS GOING TO REMAIN AS A STUMBLING BLOCK FOR INDIAN STOCK MARKETS AND AS LONG AS THIS PIN BAR HIGH OF 5464 IS NOT DECISIVELY BREACHED AND MORE IMPORTANTLY SPOT NIFTY DOES NOT HAVE A DAILY CLOSE
ABOVE THIS PIN BAR HIGH OF 5364, BE ABSOLUTELY SURE THAT OPERATORS WILL PULL NIFTY DOWN TO MUCH LOWER LEVELS. FORGET THE NECK LINE OF THE INVERTED HEAD & SOLDER FOR SOME DAYS NOW AND CONCENTRATE ON THE DEADLY PIN BAR DELIVERED BY PLANET SATURN ON THE SATURNIAN DATE OF 8TH AUGUST.

FOR TRADERS INDULGED IN INTRADAY TRADING, THIS PIN BAR HIGH OF 5364 WILL REMAIN A DATUM POINT TO RUTHLESSLY SHORT THE MARKETS AS NIFTY APPROACHES THE HIGH OF THIS PIN BAR AT 5364 AND CONTINUE TO HOLD THE SHORTS BRAVELY TILL SUCH TIME SPOT NIFTY GIVES NO INDICATION OF CLOSING THE DAY ABOVE THIS SATURNIAN PIN BAR HIGH OF 5364.  IF ONE HAS A CLOSER LOOK AT THE 30 MINUTE INTRADAY CHART OF OF SPOT NIFTY, ONE WILL NOTICE THAT THE 30 MINUTE CANDLE ALSO HAS MADE THE PIN BAR FOR THE CANDLE CLOSING 2.30P.M.. THE CANDLE AFTER PIERCING THE HIGHER BOLLINGER BAND HAS CLOSED THE 30 MINUTE CANDLE BELOW IT IN THE FORM OF A PIN BAR EXACTLY SIMILAR TO THE DAILY CANDLE ALSO.

THE 3 P.M CANDLE OF THE 30 MINUTE CHART HAS BREACHED THE LOWER PARSAR AND A FRESH PARSAR  DOT HAS BEEN FORMED AT THE TOP OF LAST 30 MINUTE CANDLE OF THE DAY WHICH ALSO HAS CLOSED BELOW THE ROVING PIVOT. THESE ARE EARLY SIGNALS FOR OPERATOR INDUCED REVERSAL OF THE MARKETS  TO WHICH ONE MUST TAKE FULL ADVANTAGE OF TO SEE LOWER LEVELS TILL SUCH TIME SPOT NIFTY NULLIFIES THE PIN BAR AND MORE IMPORTANTLY HAS A DAILY CLOSE ABOVE 5364. THIS PIN BAR FORMATION AFTER DECEPTIVELY BREACHING THE RESISTANCE LINE OR THE NECK LINE OF THE INVERTED HEAD & SOLDER FORMATION IN DAILY CHARTS ARE EARLY INDICATION THAT THE BULLS ARE TIRED AND NEED SOME REST  TO BE INJECTED WITH SOME REJUVENATING BOOSTER DOSES  TO RISE TO THE OCCASION & FIGHT THE BEARS AFTER SOME DAYS.

FOR  INTRADAY TRADING ON THURSDAY,  FUTURE TRADERS MAY TAKE THE RISK OF TRADING LONG AS LONG AS NIFTY FUTURE SUSTAINS ABOVE THE CRITICAL SUPPORT OF 5343 FUTURE LEVELS  BELOW WHICH RUTHLESS SHORTING MAY BE PLANNED. IN CASE NIFTY FUTURE FALLS FURTHER TOWARDS 5323 TO 5313 FUTURE ZONE THEN   RISKY INTRADAY FUTURES MAY BOOK PROFIT ON THE SHORTS AND TRY GOING LONG WITH A TIGHT STOP LOSS BELOW THIS ZONE OF 5325 TO 5313 TO BOLDLY REVERSE FOR CARGO SHORTS BELOW THIS ZONE. SIMILARLY IN CASE BY MISTAKE NIFTY FUTURE RISES TOWARDS THE  CRITICAL ZONE OF 5367 TO 5377 THEN ALSO ONE  MAY PLAN TO TRADE SHORT WITH A TIGHT STOP ABOVE THIS ZONE TO  BOLDLY TRADE LONG FOR QUICK INTRADAY GAINS. HAVE NIMBLE FINGERS & JUDICIOUS STOP LOSS POINTS TO GET IN AND GET OUT IN TIME OR ELSE YOU  WILL BE ONLY ENJOYING THE REVERSING OF POSITIONS  BY DANCING TO THE TUNE OF THE OPERATORS WITHOUT ACTUALLY MAKING ANY GAINS.