MARKETS FOR 14TH SEPTEMBER

THE MARKETS ARE MOVING EXACTLY AS PER THE WEEKLY ANALYSIS GIVEN FOR THE WEEK ENDING 14 SEPTEMBER BELOW.  THE RELEVANT ASPECTS OF  MARKET MOVEMENTS FOR THE WEEK ENDING 14TH SEPTEMBER HAVE NOW BEEN HIGHLIGHTED FOR READY REFERENCE. NIFTY AS PART OF THE MONSTER 3RD UP WAVE WILL MAKE A NEW LIFE TIME HIGH ABOVE THE EARLIER HIGH OF 6357 MOST LIKELY BY END OF THE CURRENT FINANCIAL YEAR IF NOT AS EARLY AS THIS YEAR’S DEWALI OR NEW YEAR EVE. SO, LIKE IT HAS BEEN SAID MANY A TIMES IN THE WEEKLY ANALYSIS, JUST LOOK
FOR A MILD DECLINE AND BUY AND HOLD WITH TRAILING STOP LOSS FOR GREAT LONG TERM GAINS. LIKE ANY OTHER BULL MARKET, IT WILL HAVE CORRECTIONS AND PAUSES BUT THESE ARE TO BE USED BOLDLY FOR GOING LONG & LONG ONLY. HOWEVER INTRADAY TRADERS MAY USE THE FLIRTING OPPORTUNITY OF TRADING ON BOTH LONG & SHORT SIDES OF THE MARKETS TO TAKE FULL ADVANTAGE OF THE INTRADAY BOTH WAYS MOVEMENTS.

COMPARED TO THE MARKETS OF U.S., EUROPE & SOME EMERGING MARKETS, INDIAN MARKETS ARE THE WORST PERFORMERS & THE REASON IS TOO SIMPLE, THE MARKET MOVING GOOD NEWS IS WILLFULLY SUPPRESSED AND MINOR IRRELEVANT NEWS EVENTS ARE BLOWN OUT OF PROPORTIONS TIME & AGAIN   TO KEEP THE INVESTORS AWAY FROM THE BUYING INTO THE MARKETS. SOME TIMES EVEN OLD NEWS & OLD STATEMENTS ARE PLAYED TIME AND AGAIN TO GENERATE PANIC TO ENHANCE A FALL OR STALL A GOOD RISE. THE SAME THING WAS HAPPENING DURING THE EARLIER MEGA BULL MARKETS FROM 2003 TILL 2008 AND THE SAME TACTICS IS  REPEATED IN THE PRESENT CONDITION. IF ONE OBSERVES  CLOSELY, ONE WILL BE SURPRISED TO FIND THAT 90% OF FINANCIAL NEWS EVENTS ARE ADVERSE FOR THE MARKETS OR ARE DELIVERED WILLFULLY TO PULL THE MARKETS DOWN. IT IS HIGH TIME THESE  OLD FINANCIAL CHANNELS REALIZE THEIR RESPONSIBILITY TOWARDS THE MILLIONS OF GENUINE INDIAN INVESTORS WHO DEPEND A LOT ON THESE FINANCIAL CHANNELS.

FOR THE MOVEMENT OF MARKETS ON FRIDAY, THE BONANZA DELIVERED BY FED CHAIRMAN  WILL LIFT ASIAN MARKETS BY HUGE AMOUNT TO RECOVER THEIR MOST OF THE LOSSES OF LAST FEW MONTHS AND THESE ASIAN MARKETS WILL MOVE UP TO BE AT PAR WITH U.S. MARKETS. THE RISE IN ASIAN MARKETS WILL GIVE A MORALE BOOST TO THE INDIAN MARKETS TO HAVE A HUGE GAP UP OPENING. AFTER THE GAP UP OPENING THE INDIAN MARKETS WILL BE FURTHER BOLSTERED  BY THE GOVT’S BOLD ACTION TO RAISE THE DIESEL PRICE & CUT THE DUTY ON PETRO PRODUCTS. THE MAGIC OF FED ANNOUNCEMENT COUPLED WITH THE DIESEL PRICE HIKE HAS ENOUGH ROCKER FUEL IN IT TO PROPEL NIFTY TOWARDS THE 22ND FEBRUARY SWING HIGH OF 5630 IN NEXT FEW DAYS, A DELAY ON THIS CAN BE MADE UP BY THE LIKELY RATE CUT BY THE RBI GOVERNOR ON 18TH SEPTEMBER. TRADERS & INVESTORS MUST KEEP IN MIND THAT  WHEN THE MARKET CYCLE TURNS MEGA BULLISH THE WORLD NEWS EVENTS & INTERNAL  NEWS EVENTS AUTOMATICALLY TURN FAVORABLE TO THE MARKETS.

FOR FRIDAY’S TRADING PURPOSE, TRADERS AND INVESTORS  MAY HOLD ON TO THEIR LONG POSITIONS BOLDLY AND MORE LONGS BE ADDED ON EVERY MANIPULATED DOWN SIDE MOVEMENT. THE BIG GAP UP IT SELF SHOULD SEE THE CRITICAL LEVEL OF 5499 TAKEN OUT  OR AFTER THE GAP UP WHICH IS LIKELY TO BE FOLLOWED BY A PAUSE, NIFTY SPOT MAY MOVE UP TO TEST & BREACH THE CRITICAL LEVEL OF 5499. THE GAP UP OPENING ITSELF SHOULD GENERATE MASSIVE SHORT COVERING WHICH IS LIKELY TO GATHER MOMENTUM AS TIME PASSES AND ONCE SPOT NIFTY CROSSES AND SUSTAINS ABOVE THE CRITICAL 5499 LEVELS, ONE WILL OBSERVE MONSTROUS CARGO SHORT COVERINGS TO SEE NIFTY SPOT SCALING  TOWARDS UNIMAGINABLE HIGHER LEVELS TO DELIVER THE  WEEKEND BONANZA  FOR THE INVESTORS & TRADERS. AS WE HAVE SAID IN THE WEEKLY ANALYSIS BELOW THE PLANETS ARE ALSO HIGHLY FAVORABLE , ONE MAY LOOK TOWARDS A NEW LIFE TIME HIGH  IN NEXT FEW MONTHS. HAVE A TRAILING STOP LOSS AND BUY THE DECLINES SHOULD BE THE THEME FOR INVESTORS & TRADERS.

MANY HIGHLY OPERATOR INFECTED STOCKS LIKE TATA STEEL, LIC HOUSING, TITAN, BHEL, HDIL,JP, RENUKA  HERO MOTOR, TATA MOTORS, YES BANK, PETRONET, BIOCON AND MANY OTHERS IN THE SECTORS OF REALTY, INFRA, BANKING & METALS , WHICH HAD REMAINED SUBDUED FOR LAST FEW MONTHS DUE TO OPERATORS ACTION WILL SHOW THE SHARPEST MOVES EVEN THOUGH MARKET MANIPULATORS, INSIDERS AND BIG OPERATORS WILL PULL OUT SOME OLD HARASSING  NEWS ON THESE THROUGH OLD FINANCIAL CHANNELS TO KEEP THESE SUPPRESSED FOR SOME MORE DAYS FOR THEIR OWN SUITABLE ENTRY.

THE 3 LEVELS FOR SPOT NIFTY MENTIONED IN THE DAILY CHART ABOVE FROM 10TH TO 14TH SEPTEMBER WILL BE REACHED IN NEXT FEW DAYS BEFORE NIFTY PROPELS ITSELF TOWARDS NEW LIFE TIME HIGHS. HOLD THE LONGS AND BOLDLY ADD MORE LONGS ON EVERY DECLINE BY HAVING A TRAILING STOP LOSS.TRADERS & INVESTORS SHOULD BE EXTREMELY CAUTIOUS OF SOME FRAUDULENT TRADING TERMINALS WHICH MAY NOT WORK FOR HALF AN HOUR AFTER THE MARKET OPENING ON THIS TYPE OF PROFITABLE DAYS  & ONE MAY NOT EVEN BE ABLE TO TRADE ON TELEPHONE AS THESE FRAUDULENT TRADING TERMINALS WILL BE USING THE LONG POSITIONS AS WELL AS THE TRAPPED SHORT POSITIONS OF THEIR CLIENTS FOR THEIR OWN ADVANTAGE.

Source: Queens Trade