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
TRADERS TO QUIT THE LONGS AND RUTHLESSLY SHORT THE MARKETS TO BE FULLY IN LINE WITH THE OPERATORS’ ACTION IN PULLING THE MARKETS FURTHER DOWN. AS LONG AS THIS CRITICAL SPOT NIFTY LEVEL OF 5838 IS NOT BREACHED ON A CLOSING BASIS, THERE SHOULD BE NO FEAR FOR THE SHORT TERM BULLS WHO SHOULD KEEP ON ADDING TO THEIR LONG POSITIONS ON EVERY DECLINE TOWARDS IT.
FOR MONDAY’S INTRADAY TRADING PURPOSE, EXPECT NIFTY SPOT TO RETEST FRIDAY’S HIGHS OF 5950 SPOT LEVELS. HOWEVER A FAILURE TO MOVE UP TOWARDS FRIDAY’S HIGHS OF 5950 SPOT OR 5984 FUTURE LEVELS TO BE CONFIDENTLY SHORTED FOR QUICK INTRADAY GAINS. EVEN FAILURE ON THE PART OF NIFTY FUTURES TO BREACH 5969 OR 5979 ZONE MAY BE RUTHLESSLY SHORTED BY HAVING STOP LOSS ABOVE FRIDAYS HIGHS TO QUIT SHORTS & REVERSE FOR LONGS ABOVE FRIDAYS HIGHS. ON FRIDAY NIFTY FUTURE HAD CLOSED AROUND 5930. IN CASE NIFTY FUTURE MOVES UP FIRST TO SUSTAIN ABOVE 5949 TO 5960 FUTURE ZONE, THEN THERE COULD BE EVERY POSSIBILITY THAT FRIDAY’S FUTURE’S HIGHS OF 5984 WILL BE RETESTED AND A BREACH OF 5969 FUTURE LEVELS WILL CONFIRM IT, ALTHOUGH 5975 TO 5979 ARE THE IDEAL INTRADAY SHORTING ZONE BY HAVING A STOP LOSS ABOVE FRIDAY’S FUTURE’S HIGHS OF 5984.
SIMILARLY ON THE LOWER SIDE, MOST LIKELY OPERATORS WILL PULL THE MARKETS DOWN INITIALLY OR AFTER A DECEPTIVE DOW INDUCED INITIAL RISE. NIFTY FUTURE FINDS INITIAL INTRADAY SUPPORT AROUND 5910 TO 5900 FUTURE LEVELS. HOWEVER A DECISIVE BREACH OF 5895 MAY PULL NIFTY FUTURES FURTHER DOWN TOWARDS 5885 TO THREATEN THE CRITICAL 6TH DECEMBER LOWS OF 5870 WHICH MUST BE PROTECTED BY THE BULLS IN ORDER TO SAVE NIFTY FUTURES SLIDING FURTHER TOWARDS 5848, 5808 OR EVEN 5766 FUTURE LEVELS DURING THE WEEK. A DECISIVE BREACH OF 5870 FUTURE LEVELS ON ANY DAY BY HAVING A 30 MINUTE CANDLE CLOSING BELOW IT, MAY BE MERCILESSLY SHORTED WITH PUNITIVE FORCE TO SEE MUCH LOWER LEVELS FOR NIFTY FUTURES.
TRADERS TO QUIT THE LONGS AND RUTHLESSLY SHORT THE MARKETS TO BE FULLY IN LINE WITH THE OPERATORS’ ACTION IN PULLING THE MARKETS FURTHER DOWN. AS LONG AS THIS CRITICAL SPOT NIFTY LEVEL OF 5838 IS NOT BREACHED ON A CLOSING BASIS, THERE SHOULD BE NO FEAR FOR THE SHORT TERM BULLS WHO SHOULD KEEP ON ADDING TO THEIR LONG POSITIONS ON EVERY DECLINE TOWARDS IT.
FOR MONDAY’S INTRADAY TRADING PURPOSE, EXPECT NIFTY SPOT TO RETEST FRIDAY’S HIGHS OF 5950 SPOT LEVELS. HOWEVER A FAILURE TO MOVE UP TOWARDS FRIDAY’S HIGHS OF 5950 SPOT OR 5984 FUTURE LEVELS TO BE CONFIDENTLY SHORTED FOR QUICK INTRADAY GAINS. EVEN FAILURE ON THE PART OF NIFTY FUTURES TO BREACH 5969 OR 5979 ZONE MAY BE RUTHLESSLY SHORTED BY HAVING STOP LOSS ABOVE FRIDAYS HIGHS TO QUIT SHORTS & REVERSE FOR LONGS ABOVE FRIDAYS HIGHS. ON FRIDAY NIFTY FUTURE HAD CLOSED AROUND 5930. IN CASE NIFTY FUTURE MOVES UP FIRST TO SUSTAIN ABOVE 5949 TO 5960 FUTURE ZONE, THEN THERE COULD BE EVERY POSSIBILITY THAT FRIDAY’S FUTURE’S HIGHS OF 5984 WILL BE RETESTED AND A BREACH OF 5969 FUTURE LEVELS WILL CONFIRM IT, ALTHOUGH 5975 TO 5979 ARE THE IDEAL INTRADAY SHORTING ZONE BY HAVING A STOP LOSS ABOVE FRIDAY’S FUTURE’S HIGHS OF 5984.
SIMILARLY ON THE LOWER SIDE, MOST LIKELY OPERATORS WILL PULL THE MARKETS DOWN INITIALLY OR AFTER A DECEPTIVE DOW INDUCED INITIAL RISE. NIFTY FUTURE FINDS INITIAL INTRADAY SUPPORT AROUND 5910 TO 5900 FUTURE LEVELS. HOWEVER A DECISIVE BREACH OF 5895 MAY PULL NIFTY FUTURES FURTHER DOWN TOWARDS 5885 TO THREATEN THE CRITICAL 6TH DECEMBER LOWS OF 5870 WHICH MUST BE PROTECTED BY THE BULLS IN ORDER TO SAVE NIFTY FUTURES SLIDING FURTHER TOWARDS 5848, 5808 OR EVEN 5766 FUTURE LEVELS DURING THE WEEK. A DECISIVE BREACH OF 5870 FUTURE LEVELS ON ANY DAY BY HAVING A 30 MINUTE CANDLE CLOSING BELOW IT, MAY BE MERCILESSLY SHORTED WITH PUNITIVE FORCE TO SEE MUCH LOWER LEVELS FOR NIFTY FUTURES.
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