SO, FINALLY THE PAUSE ARRIVED AS WAS PREDICTED EARLIER, AND MOST LIKELY THIS PAUSE MAY CONTINUE FOR SOME MORE SESSIONS.AS LONG AS THE BEARISH ENGULFING HIGH OF FRIDAY AROUND NIFTY SPOT LEVEL OF 5815 IS NOT BREACHED ON A CLOSING BASIS, SHORT ON RISE WILL FAVOR THE TRADERS ALTHOUGH SOME INDIVIDUAL STOCKS WILL SHOW GREAT UPWARD MOVEMENT DUE TO THIS PLANETARY AS WELL AS THIS TEMPORARILY BEARISH TECHNICAL SET UP OF NIFTY.
FOR INTRADAY OR SWING TRADING OF NIFTY FUTURES, AS LONG AS NIFTY FUTURES SUSTAINS BELOW THE CRITICAL LEVEL OF 5788, ONE SHOULD NOT HESITATE TO
DISPLAY HIS ENTIRE SHORTING POWER WITH CARGO SHORTS OF TWO OR EVEN THREE FIGURE AMOUNT OF NIFTY FUTURES ON EVERY INTRADAY RISE AS IT APPROACHES THE MAGIC FIGURE OF 5788 FUTURE LEVELS WITH A STOP LOSS ABOVE THIS 5788 FUTURE LEVELS TO REVERSE FOR MEGA LONGS AGAIN. TRIGGER HAPPY JOVIAL SHORTERS BUBBLING WITH BEAR ENERGY MAY EVEN RUTHLESSLY SHORT NIFTY FUTURES AS IT APPROACHES 5757 BY HAVING A STOP LOSS ABOVE IT TO REVERSE FOR GOING LONGS ONLY. EVEN NEW ENTRANTS INTO THE TRADING ARENA WHO WANT TO PRACTICE SHORTING, MAY DO SO ON INTRADAY RISE OF NIFTY FUTURES TOWARDS 5730 TO 5735 BY HAVING A STOP LOSS ABOVE 5740 TO REVERSE FOR LONGS ONLY.
PURELY BASED ON TECHNICALS, NIFTY FUTURE HAS INITIAL SUPPORT AROUND MONDAYS LOWS OF 5694 OR AROUND 5684 SUSTAINING BELOW WHICH, ONE MAY SEE NIFTY FUTURES SLIDING TOWARDS 5664 TO 5660 ZONE . IN CASE BULLS FAIL TO HOLD THIS SUPPORT ZONE THEN THEY WILL HAVE TO RUN TOWARDS NEXT SUPPORT OF 5644. IN ANY CASE SUSTAINING BELOW THE FUTURE LEVEL OF 5670 IS A GOOD ENOUGH SIGNAL EVEN FOR NOVICE TRADERS TO GO ON A SHORTING RAMPAGE WITH A JUDICIOUS STOP LOSS TO AVOID OPERATOR MANIPULATED WHIPSAWS.
SIMILARLY ON THE HIGHER SIDE, BULLS MAY HAVE TO REALLY PUT THEIR ENTIRE FORCE TO PUSH NIFTY FUTURES INITIALLY ABOVE 5720 FOLLOWED BY THE CRITICAL ZONE OF 5730 TO 5735 TO GENERATE SOME MILD SHORT COVERING. HOWEVER IF THE BULLS CAN MANAGE TO PUSH NIFTY ABOVE 5735 TO SUSTAIN ABOVE IT, THEN MORE BULLS MAY JOIN IN, TO SEE NIFTY FUTURES SHOOTING UP TOWARDS 5750 . HOWEVER AS LONG AS NIFTY FUTURES REMAINS BELOW THE CRITICAL LEVEL OF 5757, BEARS WILL RULE THE DAY.
TRADERS & INVESTORS MUST KEEP IN MIND THAT THE PRESENT SLIDE IN NO WAY CAN ALTER THE OVERALL BULLISH STRUCTURE OF THE MARKETS EVEN THOUGH THE MASTER OPERATORS WILL TAKE FULL ADVANTAGE OF OCTOBER PHOBIA TO PULL NIFTY DOWN TOWARDS 5555 OR EVEN TOWARDS THE 20 DMA AROUND 5606 OR EVEN TOWARDS THE 50 DMA AROUND 5430, THE MARKETS WILL REMAIN BULLISH TO SEE A MEGA RISE TOWARDS NEW LIFE TIME HIGHS AND ABOVE IT FOR MUCH HIGHER LEVELS. BUT PRESENTLY TO TAKE THE FULL ADVANTAGE OF THE OPERATOR INDUCED CORRECTION, ONE MUST SHORT ON RISE AS LONG AS SPOT NIFTY CONTINUES TO STAY BELOW THE FRIDAYS HIGHS OF 5815 SPOT THAT HAS FORMED THE BEARISH ENGULFING. ONE CAN HAVE JUDICIOUS STOP LOSS TO REVERSE FOR LONGS TO RIDE THE BULLS RUN IN CASE THE OPERATORS DECIDE TO SWING THE MARKETS UP FROM TUESDAY EVEN, AFTER TESTING THE PULSE OF THE TIRED BULLS FOR TWO DAYS ON FRIDAY & MONDAY.
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