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.
No comments:
Post a Comment