WELL, THE MARKETS ARE MOVING EXACTLY AS PER PREDICTIONS IN THE WEEKLY ANALYSIS BELOW WHERE IT WAS MENTIONED NIFTY WILL BE BROUGHT DOWN TILL 5636 SPOT LEVELS & ON TUESDAY 16TH OCTOBER NIFTY SPOT WAS BROUGHT DOWN TILL 5635.80 TO BOUNCE FROM THERE. NIFTY FUTURES WHOSE PREMIUM WAS HIGHER EARLIER TO TUESDAY ALMOST LOST ALL ITS PREMIUM AND TESTED 5638 VERY NEAR TO EARLIER GIVEN SPOT NIFTY LEVEL OF 5636. REMEMBER THIS MARKET IS ENTIRELY DRIVEN BY BOTH INTERNAL & EXTERNAL OPERATORS SPECIALLY DOW OPERATORS FROM U.S.. ON TUESDAY ALSO ONE WILL FIND DOW WHICH IS NEARLY 120 POINTS
HIGH AT 13545 WHEN EUROPEAN MARKETS ARE TRADING NOW, WILL SUDDENLY CHANGE GEAR AFTER THE CLOSURE OF EUROPEAN MARKETS.
ON MONDAY NIGHT DOW WAS UP BY NEARLY 100 POINTS BUT SEE AFTER A GAP UP OPENING AT 5722 ABOVE THE CRITICAL FUTURES LEVEL OF 5717, NIFTY WAS TAKEN FURTHER UP TILL 5720 NOT ONLY TO TRIGGER SHORT COVERING BUT ALSO TO INDUCE BUYING INTEREST. EVEN ANOTHER PULL UP TOWARDS 5726 FUTURE LEVELS GENERATED HOPES OF MOVING UP BUT THEN IT WAS THE GAME OF OPERATORS TO PULL NIFTY FUTURES DOWN IN A RELENTLESS DRIVE DOWN TOWARDS THE WEEKLY LOWS OF 5636. SO IN CASE OF A DOW INDUCED GAP UP OPENING ON WEDNESDAY, ONE CAN MAKE FULL USE OF IT TO RUTHLESSLY SHORT THE MARKETS AS LONG AS SPOT NIFTY FAILS TO SUSTAIN ABOVE THE CRITICAL SPOT LEVEL OF 5676. DUE TO THE PREMIUM FACTOR ASSOCIATED WITH THE NIFTY FUTURES, OPERATORS WILL MOVE THE PREMIUM UP & DOWN TO MISGUIDE THE PRICE ACTION RELATED TECHNICALS ASSOCIATED WITH FUTURE’S LEVELS.
FOR WEDNESDAY’S INTRADAY TRADING LEVELS, SPOT NIFTY WHICH HAS CLOSED AROUND 5650 ON TUESDAY FINDS INITIAL RESISTANCE AROUND 5677 TO 5680 SUSTAINING ABOVE WHICH ONLY WILL TRIGGER SOME SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS 5700 TO SEE EVERY TOM, DICK N HARRY INDULGING IN CARGO SHORTING TO SEE NIFTY SPOT SHUNTED DOWN AGAIN. EVEN INTRADAY NOVICE TRADERS MAY PLAN TO SHORT FROM AROUND 5675 TO 5680 SPOT LEVELS BY HAVING A STOP LOSS A FEW POINTS ABOVE THIS ZONE TO REVERSE FOR MEGA LONGS AS IN THAT CASE THE BULLISH WOLFE WAVE IN THE 60, 30 & 15 MINUTE CHARTS WILL TAKE EFFECT FOR MUCH MUCH HIGHER LEVELS..
SIMILARLY ON THE DOWN SIDE, A FAILURE TO SUSTAIN ABOVE SPOT LEVEL OF 5675 TO 5680 WILL SEE SPOT NIFTY BEING PULLED DOWN AGAIN TOWARDS TUESDAYS LOWS OF 5636 SPOT BELOW WHICH ONE CAN ONLY SEE BULLS GETTING MASSACRED ON EACH AND EVERY RISE OF EVEN 15 POINTS TO SEE LOWER LEVELS OF 5595 SPOT. SO GO LONG IF SPOT NIFTY BREACHES AND MORE IMPORTANTLY SUSTAINS ABOVE THE 5676 TO 5680 SPOT ZONE AND RUTHLESSLY SHORT IN CASE SPOT NIFTY FAILS TO DO SO. OTHER THAN OPERATORS NASTY ACTION, THERE WAS NO REASON FOR INDIAN MARKETS TO FALL ON TUESDAY WHEN REST OF THE WORLD MARKETS WERE UP. LONG TERM INVESTORS MAKE FULL USE OF THIS OPERATOR DRIVEN DECLINES DURING OCTOBER MONTH TO ADD LONG POSITIONS ONLY.
HIGH AT 13545 WHEN EUROPEAN MARKETS ARE TRADING NOW, WILL SUDDENLY CHANGE GEAR AFTER THE CLOSURE OF EUROPEAN MARKETS.
ON MONDAY NIGHT DOW WAS UP BY NEARLY 100 POINTS BUT SEE AFTER A GAP UP OPENING AT 5722 ABOVE THE CRITICAL FUTURES LEVEL OF 5717, NIFTY WAS TAKEN FURTHER UP TILL 5720 NOT ONLY TO TRIGGER SHORT COVERING BUT ALSO TO INDUCE BUYING INTEREST. EVEN ANOTHER PULL UP TOWARDS 5726 FUTURE LEVELS GENERATED HOPES OF MOVING UP BUT THEN IT WAS THE GAME OF OPERATORS TO PULL NIFTY FUTURES DOWN IN A RELENTLESS DRIVE DOWN TOWARDS THE WEEKLY LOWS OF 5636. SO IN CASE OF A DOW INDUCED GAP UP OPENING ON WEDNESDAY, ONE CAN MAKE FULL USE OF IT TO RUTHLESSLY SHORT THE MARKETS AS LONG AS SPOT NIFTY FAILS TO SUSTAIN ABOVE THE CRITICAL SPOT LEVEL OF 5676. DUE TO THE PREMIUM FACTOR ASSOCIATED WITH THE NIFTY FUTURES, OPERATORS WILL MOVE THE PREMIUM UP & DOWN TO MISGUIDE THE PRICE ACTION RELATED TECHNICALS ASSOCIATED WITH FUTURE’S LEVELS.
FOR WEDNESDAY’S INTRADAY TRADING LEVELS, SPOT NIFTY WHICH HAS CLOSED AROUND 5650 ON TUESDAY FINDS INITIAL RESISTANCE AROUND 5677 TO 5680 SUSTAINING ABOVE WHICH ONLY WILL TRIGGER SOME SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS 5700 TO SEE EVERY TOM, DICK N HARRY INDULGING IN CARGO SHORTING TO SEE NIFTY SPOT SHUNTED DOWN AGAIN. EVEN INTRADAY NOVICE TRADERS MAY PLAN TO SHORT FROM AROUND 5675 TO 5680 SPOT LEVELS BY HAVING A STOP LOSS A FEW POINTS ABOVE THIS ZONE TO REVERSE FOR MEGA LONGS AS IN THAT CASE THE BULLISH WOLFE WAVE IN THE 60, 30 & 15 MINUTE CHARTS WILL TAKE EFFECT FOR MUCH MUCH HIGHER LEVELS..
SIMILARLY ON THE DOWN SIDE, A FAILURE TO SUSTAIN ABOVE SPOT LEVEL OF 5675 TO 5680 WILL SEE SPOT NIFTY BEING PULLED DOWN AGAIN TOWARDS TUESDAYS LOWS OF 5636 SPOT BELOW WHICH ONE CAN ONLY SEE BULLS GETTING MASSACRED ON EACH AND EVERY RISE OF EVEN 15 POINTS TO SEE LOWER LEVELS OF 5595 SPOT. SO GO LONG IF SPOT NIFTY BREACHES AND MORE IMPORTANTLY SUSTAINS ABOVE THE 5676 TO 5680 SPOT ZONE AND RUTHLESSLY SHORT IN CASE SPOT NIFTY FAILS TO DO SO. OTHER THAN OPERATORS NASTY ACTION, THERE WAS NO REASON FOR INDIAN MARKETS TO FALL ON TUESDAY WHEN REST OF THE WORLD MARKETS WERE UP. LONG TERM INVESTORS MAKE FULL USE OF THIS OPERATOR DRIVEN DECLINES DURING OCTOBER MONTH TO ADD LONG POSITIONS ONLY.
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