MARKETS FOR 19TH NOVEMBER

FOR INTRADAY TRADING ON MONDAY, ONE SHOULD EXPECT A GOOD RETRACEMENT BOUNCE AND AN INITIAL FLAT OR WEAK OPENING MAY BE BOUGHT FOR GOOD INTRADAY GAINS. 5603 FOLLOWED BY 5636 ARE THE CRITICAL FUTURE LEVELS BREACH OF WHICH MAY SEE GOOD SHORT COVERING AT EACH STAGE. HOWEVER A FAILURE ON THE PART OF BULLS TO LIFT NIFTY FUTURES ABOVE THESE LEVELS OR EVEN ABOVE 5600 FUTURE LEVELS CAN BE RUTHLESSLY SHORTED BY HAVING REASONABLE STOP LOSS ABOVE THESE LEVELS  FOR GOOD GAINS ON THE DOWN SIDE. IN CASE OF A FLAT TO MILDER OPENING BELOW 5586, SHOULD NIFTY FUTURE MANAGE TO BREACH AND SUSTAIN ABOVE 5600 THEN ONE MAY GO LONG FOR QUICK GAINS TOWARDS 5612 OR EVEN 5624 OR EVEN HIGHER FUTURE LEVELS.

SIMILARLY ON THE LOWER SIDE, A FAILURE TO BREACH AND SUSTAIN ABOVE 5600 FUTURE LEVELS MAY SEE NIFTY SLIDING TOWARDS FRIDAY’S LOWS OF 5570  SUSTAINING BELOW WHICH 5555 FOLLOWED BY 5544 FUTURE LEVELS ARE A CERTAINTY TO THREATEN 5530 TO 5525 FUTURE LEVELS TO SEE THE BALANCE OF THE CASTRATED BULLS TURNING AS BEARS TO SEE NIFTY SLIDING TOWARDS MUCH  LOWER LEVELS IN NEXT FEW DAYS AS CAN BE SEEN IN THE CHART ABOVE. THE PRESENT SLIDE IN NOVEMBER MONTH IS THE RETRACEMENT TO THE BIG RISE FROM 6TH SEPTEMBER LOWS &  THESE OPERATOR DRIVEN MOVEMENTS IN NO WAY HAMPER  THE LONG TERM MEGA BULLISHNESS OF INDIAN MARKETS & BUYING THE DECLINES FOR GOOD   MEDIUM TO LONG TERM GAINS  SHOULD BE THE MOTTO OF INVESTORS.