FOR TUESDAY 20 NOV, ONE MUST EXPECT A BIG GAP UP OPENING IN CASE DOW WHICH IS AROUND 150 POINTS UP NOW AT 9 P.M. IST, DOES NOT CHANGE TO AS USUAL LOWER GEAR AFTER THE CLOSURE OF EUROPEAN MARKETS IN HIGHLY BULLISH CONDITION. NIFTY FUTURES MAY FIND INITIAL RESISTANCE AROUND 5630, SUSTAINING ABOVE WHICH MAY SEE NIFTY FUTURES MOVING UP TOWARDS 5640 TO 5645, ABOVE WHICH ANOTHER BOUT OF SHORT COVERING MAY SEE NIFTY FUTURE RISING TO EYE FOR FRIDAY’S HIGH OF 5665. A FAILURE TO BREACH AND MORE IMPORTANTLY SUSTAIN ABOVE ANY OF THESE LEVEL MAY SEE RUTHLESS SHORTING THAT WILL FORCE BULLS TO BE SHUNTED OUT TOWARDS SUB 5600 LEVELS AGAIN.
SIMILARLY ON THE LOWER SIDE FAILURE TO BREACH 5625 INITIALLY OR 5645 LATER, MAY SEE NIFTY FUTURES FALLING TO LOWER LEVELS OF 5600 , 5586 OR EVEN 5577 OR EVEN 5566, THAT MAY SEE BULLS COMING BACK WITH FULL VIGOR FROM THESE LOWER LEVELS TO PUSH THE BEARS AWAY. IT IS WISER TO WAIT FOR A DECLINE TO TAKE A BUY TRADE FOR GOOD GAINS. SIMILARLY MEDIUM TO LONG TERM INVESTORS SHOULD BUY THE DECLINES FOR VERY GOOD GAINS IN THE MEDIUM TO LONG TERM AS THE LIKELY TARGETS FOR END OF THE YEAR MAY BE 6000 NIFTY LEVELS.
SIMILARLY ON THE LOWER SIDE FAILURE TO BREACH 5625 INITIALLY OR 5645 LATER, MAY SEE NIFTY FUTURES FALLING TO LOWER LEVELS OF 5600 , 5586 OR EVEN 5577 OR EVEN 5566, THAT MAY SEE BULLS COMING BACK WITH FULL VIGOR FROM THESE LOWER LEVELS TO PUSH THE BEARS AWAY. IT IS WISER TO WAIT FOR A DECLINE TO TAKE A BUY TRADE FOR GOOD GAINS. SIMILARLY MEDIUM TO LONG TERM INVESTORS SHOULD BUY THE DECLINES FOR VERY GOOD GAINS IN THE MEDIUM TO LONG TERM AS THE LIKELY TARGETS FOR END OF THE YEAR MAY BE 6000 NIFTY LEVELS.
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