AS WAS WRITTEN BELOW FOR 18TH SEPT, INDIAN MARKETS TOOK A PAUSE AND AFTER 9 CONSECUTIVE DAYS OF MEGA RISE FROM THE 5TH SEPT LOW OF 5215 TILL 17TH SEPT HIGH OF 5650 SPOT NIFTY LEVELS, NIFTY CERTAINLY DESERVED A FEW DAYS OF PAUSE BEFORE RESUMING THE UPWARD MARCH AS PART OF THE MONSTER 3RD SUB LEG OF THE MEGA 3RD UP WAVE . ALTHOUGH HOLDERS OF SHORT POSITIONS MAY CONTINUE TO HOLD THE SHORT POSITIONS TILL SPOT NIFTY DECISIVELY BREACHES THE MONDAY 17TH SEPT HIGH OF 5650 & MORE IMPORTANTLY TILL SPOT NIFTY CLOSES ABOVE THE 22ND FEB SWING HIGH OF 5631, YET THE LIKELY INITIAL SLIDE ON THURSDAY 20TH SEPT SHOULD BE USED BY SHORT HOLDERS TO AT LEAST
BOOK 50% OF THE PROFIT. THE INITIAL FALL IF AT ALL COMES ON THURSDAY MAY ALSO BE USED BY THE LEFT OUT MEDIUM TO LONG TERM INVESTORS TO BOLDLY BUY AT LEAST PARTIALLY AND WAIT TO BUY FURTHER ON DECLINES AND SHOULD ADD MORE AFTER SPOT NIFTY CLOSES ABOVE 5631.
ALL TRADERS & INVESTORS MUST REALIZE THAT THE BOLD & BIG BANG ANNOUNCEMENTS MADE BY THE GOVT RECENTLY ON FDI IN MULTI BRAND RETAIL, FDI IN AVIATION, DIESEL PRICE HIKE, DISINVESTMENT PROPOSALS WERE MADE AFTER GETTING CONFIRMATION FROM THE ALLIES OF UPA AND THE GOVT WAS ABSOLUTELY SURE AS TO WHICH ALL PARTIES OF THE UPA WILL SUPPORT THE GOVT AND WHICH WILL NOT. SO A THREAT BY TMC MAY BE TEMPORARY IN NATURE TO QUITLY ENTER THE UPA GATE THROUGH THE UNDER GROUND GATE AGAIN, AFTER MILKING AS MUCH AS POSSIBLE FOR THE WB STATE. EVEN IF SHE WITHDRAWS HER SUPPORT FROM THE UPA, GOVT WILL NOT FALL AND CONGRESS STALWARTS MUST HAVE MADE THE PIN POINT CALCULATIONS IN THE POLITICAL NUMBER GAME BEFORE THE BOLD & BIG BANG ANNOUNCEMENTS. SO BE SURE THE GOVT WILL CONTINUE TO RUN TILL THE BUDGET OF 2014. HENCE ANY JERKY SLIDE DUE TO THE TEMPORARY POLITICAL UNCERTAINTY MOSTLY CREATED & BLOWN OUT OF PROPORTION BY THE MEDIA, MAY BE FULLY USED TO BUY FOR THE MEDIUM TO LONG TERM INVESTMENT FOR A LIFE TIME ACHIEVEMENT.
REMEMBER WHAT HAPPENED ON 17TH MAY 2004 WHEN NDA LOST THE ELECTIONS AND CONGRESS HAD TO TAKE SUPPORT OF LEFT PARTIES TO FORM A GOVT. THE JERKY LOW MADE ON 17TH MAY 2004 WAS NEVER BREACHED AGAIN AND THE BULL CYCLE THAT HAD STARTED EARLIER IN 2003 CONTINUED TILL 8 JAN 2008. THE LOW OF 17TH MAY 2004 STILL CONTINUES TO ENJOY THE HONOR OF NOT HAVING BEEN BREACHED TILL DATE. SO, FOLLOW THE MARKET CYCLE WHICH IS MEGA BULLISH NOW, FOR NOT ONLY A NEW LIFE TIME HIGH BUT ALSO MUCH MUCH ABOVE IT IN NEXT FEW MONTHS. THESE MINOR PAUSES OR MILD CORRECTIONS ARE THE NATURAL RETRACEMENTS TO BE FULLY USED BY MEDIUM TO LONG TERM INVESTORS TO BUY & BUY ONLY. HOWEVER VERY SHORT TERM & INTRADAY TRADERS MAY USE THE VOLATILITY TO TRADE BOTH SIDES OF THE MARKETS FOR THE OPTIMUM PROFITS.
FOR TRADING ON THURSDAY, IN CASE THE MARKETS FALLS ON INITIALLY, ALL TRADERS WHO TOOK SHORT POSITIONS WHEN NIFTY FAILED TO BREACH THE GIVEN SPOT LEVEL OF 5630, MAY BOOK PROFIT ON ALL THEIR SHORTS OR HOLD THE SHORTED FUTURES AND WITH IT SHORT 5500 PUTS TO HOLD THE SHORT FUTURES WITH THE SHORTED PUTS. TRADERS NOT HAVING ANY POSITIONS MAY USE THE OPENING GAP DOWN OR ANOTHER FALL AFTER THE INITIAL RISE FOLLOWING THE GAP DOWN TO BUY FUTURES AND 5500 CALLS. THE OPENING GAP LOW AROUND 5530 LEFT ON LAST FRIDAY 14TH SEPT IS A STRONG SUPPORT & IN CASE SPOT NIFTY BREACHES THE CRITICAL SUPPORT ZONE OF 5575 TO 5565 THEN THE FRIDAYS GAP LOW OF 5530 IS THE NEXT SUPPORT FOR THIS WEEK.
FOR INTRADAY TRADING PURPOSE ON THURSDAY, SPOT NIFTY HAS INITIAL SUPPORT AROUND MONDAY & TUESDAYS LOWS OF 5585 TO 5586. A BREACH OF THIS TWIN LOWS OF MONDAY AND TUESDAY MAY SEE NIFTY SLIDING TOWARDS THE NEXT SUPPORT OF 5577 , 5566 OR EVEN 5544 TO BOUNCE FROM THERE. SIMILARLY IN CASE OF NIFTY NOT SLIDING FURTHER AFTER THE INITIAL MANIPULATED GAP DOWN OR THE NEWS EVENTS ON WEDNESDAY LEADING TO THE MARKET OPENING ON THURSDAY ARE FAVORABLE, THEN SPOT NIFTY MAY MOVE UP AFTER THE INITIAL HITCH, THE RESISTANCES FOR SPOT NIFTY MAY COME AROUND 5611 FOLLOWED BY THE CRITICAL 5631 AND THEN MONDAYS HIGHS OF 5650.
DOW MOST LIKELY WILL BE ORCHESTRATED TO FALL ON WEDNESDAY NIGHT THAT MAY HAVE A NEGATIVE IMPACT ON SOME ASIAN MARKETS ON THURSDAY MORNING TO GIVE STRENGTH TO THE OPERATOR INFECTED SGX NIFTY TO HAVE A NEGATIVE OPENING TO INDUCE A WEAK SENTIMENT FOR THE OPENING OF INDIAN MARKETS. HOWEVER AN ABOUT TURN IN THE POLITICAL STATUS FAVORING THE GOVT MAY SEE A MASSIVE JUMP IN INDIAN MARKETS IGNORING THE OVERNIGHT DOW OR THE MANIPULATED SGX NIFTY.
Source: Queens Trade
BOOK 50% OF THE PROFIT. THE INITIAL FALL IF AT ALL COMES ON THURSDAY MAY ALSO BE USED BY THE LEFT OUT MEDIUM TO LONG TERM INVESTORS TO BOLDLY BUY AT LEAST PARTIALLY AND WAIT TO BUY FURTHER ON DECLINES AND SHOULD ADD MORE AFTER SPOT NIFTY CLOSES ABOVE 5631.
ALL TRADERS & INVESTORS MUST REALIZE THAT THE BOLD & BIG BANG ANNOUNCEMENTS MADE BY THE GOVT RECENTLY ON FDI IN MULTI BRAND RETAIL, FDI IN AVIATION, DIESEL PRICE HIKE, DISINVESTMENT PROPOSALS WERE MADE AFTER GETTING CONFIRMATION FROM THE ALLIES OF UPA AND THE GOVT WAS ABSOLUTELY SURE AS TO WHICH ALL PARTIES OF THE UPA WILL SUPPORT THE GOVT AND WHICH WILL NOT. SO A THREAT BY TMC MAY BE TEMPORARY IN NATURE TO QUITLY ENTER THE UPA GATE THROUGH THE UNDER GROUND GATE AGAIN, AFTER MILKING AS MUCH AS POSSIBLE FOR THE WB STATE. EVEN IF SHE WITHDRAWS HER SUPPORT FROM THE UPA, GOVT WILL NOT FALL AND CONGRESS STALWARTS MUST HAVE MADE THE PIN POINT CALCULATIONS IN THE POLITICAL NUMBER GAME BEFORE THE BOLD & BIG BANG ANNOUNCEMENTS. SO BE SURE THE GOVT WILL CONTINUE TO RUN TILL THE BUDGET OF 2014. HENCE ANY JERKY SLIDE DUE TO THE TEMPORARY POLITICAL UNCERTAINTY MOSTLY CREATED & BLOWN OUT OF PROPORTION BY THE MEDIA, MAY BE FULLY USED TO BUY FOR THE MEDIUM TO LONG TERM INVESTMENT FOR A LIFE TIME ACHIEVEMENT.
REMEMBER WHAT HAPPENED ON 17TH MAY 2004 WHEN NDA LOST THE ELECTIONS AND CONGRESS HAD TO TAKE SUPPORT OF LEFT PARTIES TO FORM A GOVT. THE JERKY LOW MADE ON 17TH MAY 2004 WAS NEVER BREACHED AGAIN AND THE BULL CYCLE THAT HAD STARTED EARLIER IN 2003 CONTINUED TILL 8 JAN 2008. THE LOW OF 17TH MAY 2004 STILL CONTINUES TO ENJOY THE HONOR OF NOT HAVING BEEN BREACHED TILL DATE. SO, FOLLOW THE MARKET CYCLE WHICH IS MEGA BULLISH NOW, FOR NOT ONLY A NEW LIFE TIME HIGH BUT ALSO MUCH MUCH ABOVE IT IN NEXT FEW MONTHS. THESE MINOR PAUSES OR MILD CORRECTIONS ARE THE NATURAL RETRACEMENTS TO BE FULLY USED BY MEDIUM TO LONG TERM INVESTORS TO BUY & BUY ONLY. HOWEVER VERY SHORT TERM & INTRADAY TRADERS MAY USE THE VOLATILITY TO TRADE BOTH SIDES OF THE MARKETS FOR THE OPTIMUM PROFITS.
FOR TRADING ON THURSDAY, IN CASE THE MARKETS FALLS ON INITIALLY, ALL TRADERS WHO TOOK SHORT POSITIONS WHEN NIFTY FAILED TO BREACH THE GIVEN SPOT LEVEL OF 5630, MAY BOOK PROFIT ON ALL THEIR SHORTS OR HOLD THE SHORTED FUTURES AND WITH IT SHORT 5500 PUTS TO HOLD THE SHORT FUTURES WITH THE SHORTED PUTS. TRADERS NOT HAVING ANY POSITIONS MAY USE THE OPENING GAP DOWN OR ANOTHER FALL AFTER THE INITIAL RISE FOLLOWING THE GAP DOWN TO BUY FUTURES AND 5500 CALLS. THE OPENING GAP LOW AROUND 5530 LEFT ON LAST FRIDAY 14TH SEPT IS A STRONG SUPPORT & IN CASE SPOT NIFTY BREACHES THE CRITICAL SUPPORT ZONE OF 5575 TO 5565 THEN THE FRIDAYS GAP LOW OF 5530 IS THE NEXT SUPPORT FOR THIS WEEK.
FOR INTRADAY TRADING PURPOSE ON THURSDAY, SPOT NIFTY HAS INITIAL SUPPORT AROUND MONDAY & TUESDAYS LOWS OF 5585 TO 5586. A BREACH OF THIS TWIN LOWS OF MONDAY AND TUESDAY MAY SEE NIFTY SLIDING TOWARDS THE NEXT SUPPORT OF 5577 , 5566 OR EVEN 5544 TO BOUNCE FROM THERE. SIMILARLY IN CASE OF NIFTY NOT SLIDING FURTHER AFTER THE INITIAL MANIPULATED GAP DOWN OR THE NEWS EVENTS ON WEDNESDAY LEADING TO THE MARKET OPENING ON THURSDAY ARE FAVORABLE, THEN SPOT NIFTY MAY MOVE UP AFTER THE INITIAL HITCH, THE RESISTANCES FOR SPOT NIFTY MAY COME AROUND 5611 FOLLOWED BY THE CRITICAL 5631 AND THEN MONDAYS HIGHS OF 5650.
DOW MOST LIKELY WILL BE ORCHESTRATED TO FALL ON WEDNESDAY NIGHT THAT MAY HAVE A NEGATIVE IMPACT ON SOME ASIAN MARKETS ON THURSDAY MORNING TO GIVE STRENGTH TO THE OPERATOR INFECTED SGX NIFTY TO HAVE A NEGATIVE OPENING TO INDUCE A WEAK SENTIMENT FOR THE OPENING OF INDIAN MARKETS. HOWEVER AN ABOUT TURN IN THE POLITICAL STATUS FAVORING THE GOVT MAY SEE A MASSIVE JUMP IN INDIAN MARKETS IGNORING THE OVERNIGHT DOW OR THE MANIPULATED SGX NIFTY.
Source: Queens Trade
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