AS WAS INDICATED EARLIER, THE ADVERSE EFFECT TOOK ITS TOLL ON WORLD MARKETS ON TUESDAY & DOW FELL BY 110 POINTS ON TUESDAY NIGHT THAT WILL SEE ITS WHIPPING ASIAN BOYS SHIVER ON THE MORNING OF WEDNESDAY. AFTER THE MAKING OF AN INSIDE DAY BY NIFTY ON TUESDAY FOLLOWING THE BEARISH ENGULFING OF NIFTY FUTURES ON FRIDAY, IT REMAINS HIGHLY VULNERABLE TO FURTHER FALLS AND A SLIDE BELOW TUESDAY’S LOWS OF 5677 SPOT OR MONDAY’S LOWS OF 5666 SPOT NIFTY LEVELS, WILL INVITE EVERY TOM, DICK & HARRY TO TURN OUT BEARISH AND INDULGE IN CARGO SHORTING TO DRIVE INDIAN MARKETS
FURTHER DOWN. SO, FOR INTRADAY AS WELL AS SHORT TERM TRADERS AS LONG AS SPOT NIFTY FAILS TO SUSTAIN ABOVE 5728 SPOT LEVELS , SHORT, SHORT & ONLY SHORT IS THE BEST WAY TO TRADE THE MARKETS, TO ONLY REVERSE FOR GOING MEGA LONG ABOVE THIS CRITICAL SPOT NIFTY LEVEL OF 5728 . EVEN NOVICE TRADER MAY EVEN TRY THEIR SHORTING SKILLS TO SHORT THE MARKETS AS LONG AS SPOT NIFTY SUSTAINS BELOW 5717 TO ONLY REVERSE FOR GOING LONGS ABOVE 5717 SPOT.
FOR INTRADAY TRADING PURPOSE ON WEDNESDAY, MOST LIKELY THERE WILL BE A GAP DOWN OPENING INDUCED BY OVER NIGHT DOW WHICH WILL BE ORCHESTRATED TO FALL FOR SOME MORE DAYS THIS WEEK & NEWS EVENTS THERE WILL BE SUITABLY PLANTED TO PULL DOW DOWN FOR NEXT FEW DAYS. ASIAN WHIPPING BOYS OF DOW OPERATORS AS WELL AS HIGHLY OPERATOR INFECTED SGX NIFTY WILL BE MADE TO LOOK DANGEROUS BEFORE THE OPENING OF INDIAN MARKETS TO INDUCE A GAP DOWN OPENING. A FLURRY OF DOWN GRADING COUPLED WITH CONCOCTED ADVERSE NEWS WILL BE QUIETLY DISPLAYED BY THE FINANCIAL NEWS CHANNELS TO GENERATE PANIC TO SEE FURTHER FALL IN INDIAN MARKETS. SO, KEEPING ALL THESE FACTORS IN MIND, ONE SHOULD NOT HESITATE TO SHORT THE MARKETS BY HAVING A STOP LOSS ABOVE 5717 SPOT NIFTY LEVELS TO REVERSE FOR LONG ONLY.
FOR TRADING OF NIFTY FUTURES, IN CASE THERE IS NOT A BIG GAP DOWN OPENING, THEN NIFTY FUTURES MAY FIND INITIAL SUPPORT AROUND 5710 FOLLOWED BY THE TUESDAY’S LOWS OF 5697 OR MONDAYS LOWS OF 5694 FUTURE LEVELS. A DELAYED BREACH OF 5694 FUTURE LEVELS OTHER THAN THE INITIAL OPENING FALL OR AFTER AN OPERATOR INDUCED DECEPTIVE RISE & THEN FALL BELOW 5694 FUTURE LEVELS SHOULD BE THE GO AHEAD SIGNAL FOR EACH & EVERY TRADER TO MERCILESSLY GO SHORT AND HOLD THE SHORTS AS LONG AS NIFTY FUTURES REMAINS BELOW 5737 TO REVERSE FOR MEGA LONGS ONLY ABOVE THIS CRITICAL FUTURE LEVEL OF 5737. TUESDAY’S & MONDAY’S SPOT NIFTY LOWS OF 5677 & 5666 WILL BE MADE BY NIFTY FUTURES IN CASE BULLS FAIL TO HOLD THE CRITICAL MONDAY’S LOWS OF 5694. FAILURE TO HOLD 5666 FUTURE LEVELS MAY EVEN SEE NIFTY FUTURES TESTING 5656 OR EVEN 5648 LEVELS TO SUMMON THE BULLS FROM ALL ROUND THE CORNER TO COME AND SAVE NIFTY.
SIMILARLY ON THE HIGHER SIDE, IN CASE BY CHANCE NIFTY FUTURES MANAGES TO BREACH AND SUSTAIN ABOVE 5737 FUTURE LEVELS (WHICH IS HIGHLY UNLIKELY) WHETHER ON WEDNESDAY OR ANY OTHER DAY THIS WEEK, THEN THERE COULD BE AN OUTSIDE CHANCE OF NIFTY FUTURE EVEN MOVING UP TO TEST TUESDAYS HIGHS OF 5757 BUT ONLY TO FIND BULLS GETTING WHIPPED LEFT, RIGHT & CENTER FROM THERE TO BE CHASED BY THE BEARS & SHUNTED DOWN AGAIN. HOWEVER LIKE MONDAY & TUESDAY, THERE WILL BE MANY INDIVIDUAL STOCKS WHICH WILL MAKE ASTOUNDING UP MOVES WHICH SHOULD BE MADE FULL USE OF TO HAVE GREAT GAINS IN THESE STOCKS. THE PRESENT DOWN SWING IS A ROUTINE PAUSE TO THE MEGA UP MOVE AND AFTER THIS PAUSE IS OVER THE MONSTROUS THIRD SUB WAVE OF THE MEGA 3RD UP WAVE WILL RESUME TO MAKE NEW LIFE TIME HIGHS.
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