CLICK ON THE CHART BELOW TO ENLARGE
MARKETS FOR 26TH DECEMBER
NIFTY SPOT CONTINUES TO REMAIN IN A TIGHT FLAT RANGE & MOST LIKELY THIS TIGHT RANGE BOUND BEHAVIOR OF NIFTY WILL CONTINUE TILL EXPIRY OR TILL THE END OF THIS YEAR. MONDAY 24TH DECEMBER SAW NIFTY SPOT HIGH OF 5871 & LOW OF 5844, A VERY TIGHT RANGE OF ONLY 27 POINTS EVEN LOWER THAN LAST WEDNESDAY 19TH DECEMBER RANGE OF 29 SPOT NIFTY POINTS. FOR WEDNESDAY 26TH DECEMBER, SPOT NIFTY HAS NOT ONLY TO BREACH MONDAY 24TH DECEMBER HIGH OF 5871 SPOT & 5877 FUTURE LEVELS BUT ALSO HAS TO SUSTAIN ABOVE IT BY CLOSING A 30 MINUTE CANDLE ABOVE IT TO SHOW A GOOD MOVE UPWARDS. EVEN BREACHING AND SUSTAINING ABOVE SPOT NIFTY LEVEL OF 5866 OR 5872 FUTURE LEVELS COULD GENERATE SHORT COVERING TO PROPEL NIFTY UPWARDS. SIMILARLY ON THE LOWER SIDE, SLIDE OF SPOT NIFTY BELOW 5844 OR FUTURES BELOW 5854 COULD BE THE EARLY SIGNAL FOR FURTHER FALLS.
FOR INTRADAY TRADING ON WEDNESDAY 26TH DECEMBER, ONE MAY TRADE LONG IN CASE NIFTY FUTURES BREACHES AND SUSTAINS ABOVE 5873 & MORE LONGS BE ADDED IN CASE NIFTY FUTURES BREACHES AND SUSTAINS ABOVE 5885. SIMILARLY ON THE LOWER SIDE IN CASE NIFTY FUTURE FAILS TO BREACH OR MORE IMPORTANTLY FAILS TO SUSTAIN ABOVE THESE LEVELS THEN ONE CAN BOLDLY TRADE SHORT & MORE SHORT BE ADDED SHOULD NIFTY FUTURE FAILS TO HOLD 5850 TO 5848 SUPPORT ZONE. FAILURE TO HOLD THE CRITICAL SUPPORT OF 5850 TO 5848 FUTURE ZONE(5840 SPOT) MAY SEE NIFTY SLIDING TOWARDS 5838 FUTURES(5828 SPOT) OR TOWARDS 5826 FUTURES OR 5815 SPOT NIFTY LEVELS TO AGAIN SHOW A SOLID BOUNCE UPWARDS.
MARKETS FOR 24TH DECEMBER
FOR INTRADAY TRADING PURPOSE ON MONDAY 24TH DECEMBER FOR MONDAY OR FOR ANY DAY DURING THE TRUNCATED WEEK, BESIDES THE MONTH & YEAR END WEEK, THE FACTOR THAT WILL INFLUENCE THE MARKET IS THE CLOSING OF SPOT NIFTY AROUND 5848 BELOW THURSDAYS LOW OF 5881. THE CANDLE OF WEDNESDAY WAS A 7TH NRB WITH HIGH AT 5939 & LOW AT 5910. ALTHOUGH ON THURSDAY NIFTY SPOT MADE A LOWER LOW AT 5881 YET IT MOVED UP TO CLOSE AT 5916 ABOVE 5810 SPOT, THE LOW OF THE 7TH NRB OF WEDNESDAY. HOWEVER ON FRIDAY NIFTY SPOT MADE A LOW OF 5841 AND WAS MADE TO CLOSE AT 5848 MUCH BELOW 5910 SPOT, THE LOW OF THE 7TH NRB . ALTHOUGH IT WAS A WELL COORDINATED MOVE BY DOW OPERATORS WHO HAD MANIPULATED DOW FUTURES TO REMAIN LOW AT 165 TO 170 POINTS NEGATIVE DURING THE ASIAN TRADING HOURS ON FRIDAY TO GENERATE
MARKETS FOR 19TH DECEMBER
MARKETS ARE IN EXTREMELY BULLISH MODE. JUST LOOK FOR A DECLINE TO GO LONG. THE DECLINES MAY COME IN THE FORM OF OLD FINANCIAL CHANNELS PLANTING OLD & HARASSING STORIES TO PULL THE MARKETS DOWN FOR THEIR OWN ENTRY AT LOWER LEVELS. LAST WEEK NIFTY FUTURES HAD MADE A HIGH OF 6003 ON 11TH DECEMBER. MOST LIKELY NIFTY WILL MOVE UP TO TEST THE HIGHS OF LAST WEEK.. ON TUESDAY IN SPITE OF NO RATE CUT & IN SPITE OF FINANCIAL CHANNELS TRYING THEIR BEST TO DEPRESS THE MARKETS, NIFTY FUTURES STILL WENT UP FROM THE LOW OF 5838 TO A HIGH OF 5950 TO FINALLY CLOSE THE DAY AROUND 5930 FUTURE LEVELS.
FOR WEDNESDAY A DECLINE BELOW 5912 FOLLOWED BY 5903 WILL AGAIN MAKE NIFTY FUTURES WEAK. HOWEVER, FOR INTRADAY TRADING PURPOSE, SLIDE OF NIFTY FUTURES BELOW 5909 FOLLOWED BY 5900 CAN BE SHORTED FOR QUICK GAINS
MARKETS FOR 17TH DECEMBER
FOR MONDAY’S INTRADAY TRADING PURPOSE, ALTHOUGH TECHNICALLY THE CLOSURE OF FRIDAY LOOKS HIGHLY BULLISH, DO NOT BE SURPRISED TO SEE DOW FUTURES DISPLAYING NEGATIVE VALUES TO PULL DOWN ASIAN MARKETS AND OPERATOR INFECTED SGX NIFTY MAY SHOW MILDNESS OR NEGATIVE FIGURES TO INDUCE A NEGATIVE OPENING TO THE WEEK. OLD FINANCIAL CHANNELS WILL NOT HESITATE TO PLAY THEIR NASTY GAME OF PULLING OUT OLD HARASSING NEWS TO DEPRESS THE MARKET OPENING.
MARKETS FOR 10TH DECEMBER
AS PER ELLIOT WAVE, NIFTY MOST LIKELY WILL PAUSE FOR A FEW DAYS BEFORE BLASTING OFF AGAIN TOWARDS NEW LIFE TIME HIGHS EARLY NEXT YEAR. FOR THE COMING WEEK ENDING 14TH DECEMBER, SPOT NIFTY LEVEL OF 5838 WHICH WAS THE LOW OF 6TH DECEMBER, CAN BE KEPT AS STOP LOSS TO BUY ALL DECLINES TOWARDS THIS 5838 SPOT NIFTY LEVELS. A DECISIVE BREACH OF THIS CRITICAL SPOT LEVEL OF 5838 ON ANY DAY MAY BE BOLDLY USED BY INTRADAY AND SHORT TERM
MARKETS FOR 7TH DECEMBER
INDIAN MARKETS ARE EXTREMELY BULLISH. JUST PRAY FOR A DECLINE TO BOLDLY BUY AND ADD ON TO THE LONG POSITIONS FOR GREAT GAINS IN NEAR FUTURE. EXPECT ANOTHER GAP UP ON FRIDAY & IN CASE GAP UP IS NOT THERE THEN WAIT FOR AN INTRADAY DECLINE TO BUY & BUY ONLY. AS LONG AS NIFTY FUTURE IS ABOVE 5944 BUY ONLY WITH AN INTRADAY STOP LOSS BELOW IT TO REVERSE FOR SHORTS. SIMILARLY ON THE HIGHER SIDE NIFTY FUTURE TURNS MORE STRONGER ABOVE 5999 TOWARDS 6013 & 6025 OR HIGHER LEVELS. FAILURE ON THE PART OF NIFTY FUTURES TO BREACH 5999 OR 6013 CAN BE SHORTED BY HAVING REASONABLE STOP LOSSES FOR QUICK INTRADAY GAINS. NIFTY FUTURES MAY APPROACH 6300 IN NEXT FEW WEEKS ONLY, EITHER DURING EARLY JANUARY 2013 IN CASE IT DOES NOT COME BY END OF DECEMBER 2012.
MARKETS FOR 6TH DECEMBER
NIFTY AFTER TWO DAYS OF PAUSE ON MONDAY & TUESDAY, BLASTED OFF WITH A GAP UP ON WEDNESDAY AND MANY MORE OF SIMILAR UP MOVES ARE IN STORE FOR INDIAN MARKETS IN THE NEAR FUTURE THAT ENCOURAGES MEDIUM TO LONG TERM INVESTORS TO LOOK FOR AN INTRADAY DECLINE TO BOLDLY BUY AND ADD TO THEIR LONG POSITIONS FOR GREAT GAINS IN THE MARKET FRIENDLY MONTH OF DECEMBER. TRADERS MAY HAVE A STOP LOSS BELOW FUTURE LEVEL OF 5925 AND BUY THE DECLINES TO SEE 6000+ LEVELS IN THE NEXT DAY OR TWO.
FOR THURSDAY’S INTRADAY TRADING PURPOSE, EXPECT ANOTHER GAP UP & IN CASE GAP UP DOES NOT COME THEN ONE MAY SEE MARKETS RISING AFTER INITIAL SLUGGISHNESS TO MOVE UP AND BREACH WEDNESDAY’S HIGH OF 5958 FUTURE LEVELS. A DECISIVE BREACH OF 5960 FUTURE LEVELS INITIALLY FOLLOWED BY 5968 MAY SEE MASSIVE SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS 5977 TO 5985 LEVELS IN QUICK TIME TO BE AT THE STRIKING DISTANCE FROM THE PSYCHOLOGICAL LEVEL OF 6000 FUTURE LEVELS. ONCE NIFTY FUTURES MANAGES TO SUSTAIN ABOVE 5977 TO 5985 ZONE THEN THERE IS EVERY POSSIBILITY OF TESTING THE 6000 FUTURE LEVELS EARLY.
SIMILARLY ON THE LOWER SIDE, FAILURE TO BREACH 5960 TO 5969 FUTURE ZONE MAY BE BOLDLY USED TO RUTHLESSLY SHORT THE MARKETS FOR QUICK GAINS ON THE DOWN SIDE BY HAVING A STOP LOSS ABOVE THIS ZONE TO REVERSE FOR LONGS. NIFTY FUTURE FINDS STRONG SUPPORT AROUND 5929 BELOW WHICH 5920 TO 5915 IS THE NEXT SUPPORT ZONE TO BRING BACK THE BULLS FROM ALL DIRECTIONS TO PROTECT THE 5900 FUTURE LEVELS.
FOR THURSDAY’S INTRADAY TRADING PURPOSE, EXPECT ANOTHER GAP UP & IN CASE GAP UP DOES NOT COME THEN ONE MAY SEE MARKETS RISING AFTER INITIAL SLUGGISHNESS TO MOVE UP AND BREACH WEDNESDAY’S HIGH OF 5958 FUTURE LEVELS. A DECISIVE BREACH OF 5960 FUTURE LEVELS INITIALLY FOLLOWED BY 5968 MAY SEE MASSIVE SHORT COVERING TO PROPEL NIFTY FUTURES TOWARDS 5977 TO 5985 LEVELS IN QUICK TIME TO BE AT THE STRIKING DISTANCE FROM THE PSYCHOLOGICAL LEVEL OF 6000 FUTURE LEVELS. ONCE NIFTY FUTURES MANAGES TO SUSTAIN ABOVE 5977 TO 5985 ZONE THEN THERE IS EVERY POSSIBILITY OF TESTING THE 6000 FUTURE LEVELS EARLY.
SIMILARLY ON THE LOWER SIDE, FAILURE TO BREACH 5960 TO 5969 FUTURE ZONE MAY BE BOLDLY USED TO RUTHLESSLY SHORT THE MARKETS FOR QUICK GAINS ON THE DOWN SIDE BY HAVING A STOP LOSS ABOVE THIS ZONE TO REVERSE FOR LONGS. NIFTY FUTURE FINDS STRONG SUPPORT AROUND 5929 BELOW WHICH 5920 TO 5915 IS THE NEXT SUPPORT ZONE TO BRING BACK THE BULLS FROM ALL DIRECTIONS TO PROTECT THE 5900 FUTURE LEVELS.
MARKETS FOR 5TH DECEMBER
NIFTY IS GOING TO BEHAVE EXACTLY SIMILAR TO THAT WAS SEEN ON TUESDAY 4TH DECEMBER. SO, THERE IS NO CHANGE TO WHAT WAS WRITTEN BELOW FOR 4TH DECEMBER. BUYING MAY BE PLANNED AS NIFTY FUTURE APPROACHES 5890 AND AGAIN AROUND 5870. SIMILARLY SELLING MAY BE PLANNED IN CASE NIFTY FUTURE FAILS TO BREACH 5945 WITH STOP LOSS ABOVE 5960. ON FURTHER RISE TOWARDS 5975 TO 5980 FURTHER SHORTS MAY BE PLANNED. MOST LIKELY NIFTY WILL HAVE RANGE BOUND MOVE FOR ANOTHER DAY OR TWO WITH A NEGATIVE BIAS BEFORE BLASTING OFF TOWARDS MUCH HIGHER LEVELS IN DECEMBER.
MARKETS FOR 4TH DECEMBER
NIFTY FUTURES AFTER THE BIG RISE FOR 3 DAYS LAST WEEK, IS LIKELY TO REMAIN RANGE BOUND SIMILAR TO MONDAY WITH A BULLISH BIAS. INTRADAY SUPPORT FOR NIFTY FUTURE IS GOING TO BE AROUND 5888 TO 5880 BELOW WHICH I MAY SLIDE TOWARDS FRIDAY’S LOWS OF 5868 TOWARDS 5860 FROM WHERE ONE MAY EXPECT A SOLID BOUNCE AGAIN IN NIFTY FUTURES. SIMILARLY ON THE HIGHER SIDE SUSTAINING ABOVE 5933 TO 5936 MAY LIFT NIFTY FUTURES TOWARDS 5947 TO 5953 ABOVE WHICH EXPECT ANOTHER RISE TOWARDS 5965 OR HIGHER LEVELS. A DAY OR TWO OF FLAT PAUSE AFTER THE BIG RISE OF LAST WEEK ARE WELCOME SIGNS FOR THE BULLS AND MEDIUM TO LONG TERM INVESTORS SHOULD BOLDLY BUY THE INTRADAY DECLINES AND HOLD FOR GOOD GAINS WITH STOP LOSS BELOW THE FUTURE’S LEVEL OF 5858.
MARKETS FOR 3RD DECEMBER
FOR MONDAY’S INTRADAY TRADING PURPOSE, HAVE STOP LOSS BELOW THE CRITICAL FUTURE ZONE OF 5898 TO 5888 AND BOLDLY GO LONG ON EVERY INTRADAY DECLINE TO ONLY QUIT IF THIS CRITICAL FUTURE ZONE OF 5898 TO 5888 IS BREACHED TO GO SHORT BELOW IT. SUSTAINING BELOW 5888 MAY SEE NIFTY FUTURES SLIDING TOWARDS 5872 LEVELS BELOW WHICH FRIDAYS GAP LOW OF 5868 OR 5858 SHOULD SEE THE HEFTY BULLS COMING BACK IN FULL VIGOR TO LIFT NIFTY FUTURE TOWARDS NEW YEARLY HIGHS. SIMILARLY ON THE HIGHER SIDE, NIFTY FUTURE WHICH HAS CLOSED AROUND 5906 ON FRIDAY MAY FIND INITIAL RESISTANCE AROUND 5929 FOLLOWED BY 5940 TO 5945 LEVELS ABOVE WHICH ONE MAY EXPECT NIFTY FUTURES TO RISE TOWARDS 5959 OR EVEN HIGHER LEVELS.
Subscribe to:
Posts (Atom)