NIFTY SPOT HAD CLOSED AROUND 5719 ON MONDAY WITH A HIGH OF 5723 AND LOW OF 5694. WHAT IS MORE IMPORTANT FOR MONDAY’S LEVELS IS THAT NOT ONLY NIFTY HAS CLOSED AROUND THE HIGHEST POINT OF THE DAY AFTER THE INITIAL WEAKNESS DURING THE DAY BUT HAS FORMED A VERY NARROW RANGING BAR FOR ONLY 29 POINTS WHICH IS A 7TH NRB. THIS CRITICAL 7TH NRB HAS ALL THE POWERS IN IT TO SEE SPOT NIFTY SHOOTING UP LIKE A MISSILE IN CASE THE OPENING ON WEDNESDAY IS ABOVE 5735 SPOT NIFTY LEVELS THAT WILL CONFIRM A GOOD 123 UP TOWARDS 5800 LEVELS DURING THIS WEEK. HOWEVER A FAILURE ON THE PART OF
THE BULLS TO LIFT SPOT NIFTY ABOVE THE CRITICAL 5735 SPOT AND MORE IMPORTANTLY FAILING TO SUSTAIN ABOVE IT AFTER THE DECEPTIVE OPENING MAY SEE BEARS POUNDING WITH VENGEANCE TO PULL NIFTY DOWN TO HAVE A CLOSING OF SPOT NIFTY BELOW THE MONDAYS 7TH NRB LOW OF 5694 TO SEE BIGGER CORRECTIONS DURING THE WEEK.
FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, IT IS IMPORTANT FOR NIFTY FUTURES WHICH HAD CLOSED AROUND 5760 TO OPEN ABOVE 5780 TO MOVE UP FURTHER. IN CASE NIFTY FUTURES OPENS ABOVE 5780 THEN THE CRITICAL TRADING STEPS FOR NIFTY FUTURES ON THE HIGHER SIDE ARE 5800 ABOVE WHICH NIFTY FUTURES CAN SHOOT UP TOWARDS 5815 SUSTAINING ABOVE WHICH A HIGHER LEVEL OF 5835 SEEMS TO BE A CERTAINTY. SIMILARLY ON THE LOWER SIDE, IN CASE NIFTY OPENS GAP UP ABOVE 5780 THEN THE TRADING STEPS ON THE LOWER SIDE ARE MONDAY,S CLOSING LEVEL OF 5759 BELOW WHICH ONE MAY EXPECT 5744 TO SEE BULLS RETURNING WITH FULL FORCE TO AGAIN LIFT NIFTY FUTURES UP . A FAILURE ON THE PART OF THE BULLS TO HOLD 5744 TO 5740 MAY SEE BULLS GIVING A GLORIOUS RETREAT TOWARDS 5725 TO BE AT THE STONES THROW FROM MONDAYS LOWS OF 5718 WHICH IS THE OLD HEAD QUARTERS OF THE BULLS BRIGADE WAITING TO MASSACRE THE BEARS THERE.
IN CASE NIFTY FUTURES DO NOT OPEN WITH THE EXPECTED GAP UP ABOVE 5780, THEN THE BULLS HAVE TO LABOR HARD TO TAKE NIFTY FUTURES UP INITIALLY TOWARDS 5780 ABOVE WHICH THE CRITICAL LEVEL OF 5795 TO 5800 WILL THROW ITS WEIGHT WHERE THE LAST BATCH OF THE BEARS MAY GIVE A TOOTH & NAIL FIGHT TO PREVENT NIFTY FUTURES BREACHING THE 5795 TO 5800 ZONE FAILING WHICH BULLS MAY HAVE A CAKE WALK TOWARDS 5815 OR HIGHER LEVELS. WELL, IF BEARS ARE DETERMINED AND AFTER NOT ALLOWING A BIG GAP UP ABOVE 5780 FUTURE LEVELS, IN CASE THEY CAN MANAGE TO PULL NIFTY FUTURES DOWN TOWARDS 5740 TO 5735, THEN THE TRADING STEPS ON THE DOWN SIDE MAY BE 5725 FOLLOWED BY 5715 AND 5705 TO 5700 LEVELS THAT WILL FIND WAITING BULLS MARCHING IN WAVES AFTER WAVES LIKE CHINESE ARMY TO PROTECT THE CRITICAL 5700 FUTURES LEVELS.
THE MARKETS ARE EXTREMELY BULLISH FOR MUCH HIGHER LEVELS. TRADERS AND INVESTORS SHOULD NOW FOCUS ON INDIVIDUAL STOCKS WHICH DID NOT MOVE UP DURING THE SEPTEMBER MONTH MEGA RISE TO SEE GREAT GAINS IN THESE STOCKS WHICH MAY MOVE MUCH FASTER WHEN NIFTY TAKES A PAUSE.
Source: Queens Trade
THE BULLS TO LIFT SPOT NIFTY ABOVE THE CRITICAL 5735 SPOT AND MORE IMPORTANTLY FAILING TO SUSTAIN ABOVE IT AFTER THE DECEPTIVE OPENING MAY SEE BEARS POUNDING WITH VENGEANCE TO PULL NIFTY DOWN TO HAVE A CLOSING OF SPOT NIFTY BELOW THE MONDAYS 7TH NRB LOW OF 5694 TO SEE BIGGER CORRECTIONS DURING THE WEEK.
FOR INTRADAY TRADING OF NIFTY FUTURES ON WEDNESDAY, IT IS IMPORTANT FOR NIFTY FUTURES WHICH HAD CLOSED AROUND 5760 TO OPEN ABOVE 5780 TO MOVE UP FURTHER. IN CASE NIFTY FUTURES OPENS ABOVE 5780 THEN THE CRITICAL TRADING STEPS FOR NIFTY FUTURES ON THE HIGHER SIDE ARE 5800 ABOVE WHICH NIFTY FUTURES CAN SHOOT UP TOWARDS 5815 SUSTAINING ABOVE WHICH A HIGHER LEVEL OF 5835 SEEMS TO BE A CERTAINTY. SIMILARLY ON THE LOWER SIDE, IN CASE NIFTY OPENS GAP UP ABOVE 5780 THEN THE TRADING STEPS ON THE LOWER SIDE ARE MONDAY,S CLOSING LEVEL OF 5759 BELOW WHICH ONE MAY EXPECT 5744 TO SEE BULLS RETURNING WITH FULL FORCE TO AGAIN LIFT NIFTY FUTURES UP . A FAILURE ON THE PART OF THE BULLS TO HOLD 5744 TO 5740 MAY SEE BULLS GIVING A GLORIOUS RETREAT TOWARDS 5725 TO BE AT THE STONES THROW FROM MONDAYS LOWS OF 5718 WHICH IS THE OLD HEAD QUARTERS OF THE BULLS BRIGADE WAITING TO MASSACRE THE BEARS THERE.
IN CASE NIFTY FUTURES DO NOT OPEN WITH THE EXPECTED GAP UP ABOVE 5780, THEN THE BULLS HAVE TO LABOR HARD TO TAKE NIFTY FUTURES UP INITIALLY TOWARDS 5780 ABOVE WHICH THE CRITICAL LEVEL OF 5795 TO 5800 WILL THROW ITS WEIGHT WHERE THE LAST BATCH OF THE BEARS MAY GIVE A TOOTH & NAIL FIGHT TO PREVENT NIFTY FUTURES BREACHING THE 5795 TO 5800 ZONE FAILING WHICH BULLS MAY HAVE A CAKE WALK TOWARDS 5815 OR HIGHER LEVELS. WELL, IF BEARS ARE DETERMINED AND AFTER NOT ALLOWING A BIG GAP UP ABOVE 5780 FUTURE LEVELS, IN CASE THEY CAN MANAGE TO PULL NIFTY FUTURES DOWN TOWARDS 5740 TO 5735, THEN THE TRADING STEPS ON THE DOWN SIDE MAY BE 5725 FOLLOWED BY 5715 AND 5705 TO 5700 LEVELS THAT WILL FIND WAITING BULLS MARCHING IN WAVES AFTER WAVES LIKE CHINESE ARMY TO PROTECT THE CRITICAL 5700 FUTURES LEVELS.
THE MARKETS ARE EXTREMELY BULLISH FOR MUCH HIGHER LEVELS. TRADERS AND INVESTORS SHOULD NOW FOCUS ON INDIVIDUAL STOCKS WHICH DID NOT MOVE UP DURING THE SEPTEMBER MONTH MEGA RISE TO SEE GREAT GAINS IN THESE STOCKS WHICH MAY MOVE MUCH FASTER WHEN NIFTY TAKES A PAUSE.
Source: Queens Trade
No comments:
Post a Comment