THE WEEK ENDING 25TH JANUARY SAW SPOT NIFTY CLOSING BULLISH FOR THE 2ND WEEK IN A ROW BY CLOSING AROUND 6074 COMPARED TO ITS PREVIOUS WEEK’S CLOSING OF 6064 FOR THE WEEK ENDING 18TH JAN & 6051 FOR THE WEEK ENDING 11TH JAN. SO THE BULLISH CYCLE CONTINUES WITH OPERATORS PULLING DOWN THE MARKETS FOR 3 DAYS IN A WEEK TO SHAKE OUT THE WEAKER HANDS & THIS ACTION OF MARKET MANIPULATORS WILL CONTINUE TO GENERATE A FEELING AMONGST THE RETAIL INVESTORS EVERY TIME THAT PERHAPS THE BULL RUN IS OVER, BUT ONLY TO BE DISAPPOINTED & SURPRISED EVERY TIME AGAIN & AGAIN THAT THE MARKETS KEEP ON MOVING UP & UP ONLY AFTER FLUSHING OUT THE WEAKER HANDS. THERE WILL BE MANY SMALLER & BIGGER CORRECTIONS BUT BE ABSOLUTELY SURE THAT THIS MEGA BULL CYCLE WILL REMAIN INTACT TILL 2016 & ALL LONG TO MEDIUM TERM INVESTORS MUST USE EACH
OF THESE MANIPULATED DECLINE TO BUY ONLY TILL SUCH TIME NIFTY DOES NOT CLOSE BELOW 5823 FOR AT LEAST 2 TO 3 DAYS WHICH IS THE BENCH MARK LEVEL FOR ALL TO GET CONVERTED FROM BULLS TO BEARS ON A CLOSE BELOW 5823.
TECHNICALLY THE MARKETS CONTINUE TO LOOK EXTREMELY BULLISH TO MAKE NEW LIFE TIME HIGHS IN NEXT FEW WEEKS & EVERY OPERATOR DRIVEN SLIDE LIKE THE ONE IS SEEN EVERY WEEK MUST BE TAKEN AS THE GOD SENT OPPORTUNITY TO GO LONG ONLY. MARKETS WILL CONTINUE TO REMAIN BULLISH AND EVERY SLIDE WILL BE FOLLOWED BY A BIG BOUNCE, AS LONG AS SPOT NIFTY DOES NOT HAVE A CLOSING BELOW THE 18TH DECEMBER 2012 LOW OF 5823 FOR 2 TO 3 CONSECUTIVE DAYS. WHEN THIS HAPPENS ALL MEDIUM TO LONG TERM INVESTORS MAY OFF LOAD THEIR LONG HOLDINGS, THERE AFTER EVERY SMALL RISE (EVEN INTRADAY) WILL BE A GOOD SHORTING OPPORTUNITY.
IN THE LONG TERM CHARTS OF SPOT NIFTY SPOT, THE MONTHLY CANDLE OF DECEMBER 2012 WAS A 7TH NRB CANDLE WITH THE HIGH OF 5966 & LOW OF 5823. ALTHOUGH FOR THE MONTH ENDING 31ST JANUARY WHICH HAPPENS TO BE THE EXPIRY DAY AS WELL, DURING THE COMING 3 TO 4 DAYS LEADING TO THE EXPIRY DAY, THE OPERATORS ALONG WITH THEIR AGENTS AS MENTIONED ABOVE WILL MAKE THEIR UTMOST EFFORTS IN PULLING DOWN THE MARKETS SO THAT THE MONTH OF JANUARY 2013 CLOSES BELOW THE 7TH NRB DECEMBER MONTH HIGH OF SPOT 5966 TO HIDE A DISTINCT MEGA BULLISH INDICATION THAT WILL BE GENERATED IF JANUARY MONTH CLOSING IS ABOVE THE HIGH OF 7TH NRB DECEMBER MONTH HIGH OF 5966. HOWEVER IF BULLS DO NOT GIVE UP AND LET NIFTY CLOSE THE JANUARY MONTH ON THE EXPIRY DAY ABOVE 5966 SPOT, THEN ONE MAY SEE SHARP UP MOVE FOR NEXT FEW MONTHS TOWARDS NEW LIFE TIME HIGHS IN WHICH CASE SOME OPERATOR DRIVEN PULL DOWNS THAT WILL ENCOURAGE ONE & ALL TO GO LONG AFTER EVERY OPERATOR DRIVEN PULL DOWNS.
THE WEEKLY CHARTS ALSO LOOK HIGHLY BULLISH WITH NIFTY SPOT HAVING CONSECUTIVE WEEKLY CLOSING ABOVE THE NECK LINE OF THE WEEKLY CUP HANDLE FORMATION JOINING THE WEEKLY HIGHS OF WEEKENDING 24TH FEB 2012 AT 5630, WEEK ENDING 5TH OCT 2012 AT 5815 & WEEK ENDING 30 NOV 2012 HIGH AT 5885 SPOT. NIFTY SPOT HAVING DECISIVELY CLOSED ABOVE THIS CRITICAL WEEKLY NECK LINE NOW AROUND 5940, IS READY TO MOVE UP BY ANOTHER 1130 POINTS AS THE HEIGHT OF THE CUP FROM ITS BASE AT WEEK ENDING 8TH JUNE 2012 LOW OF 4770 TO THE VERTICAL POINT ABOVE IT ON THE NECK LINE AROUND 5900. THIS 1130 POINTS COUNTED FROM THE NECK LINE NOW AROUND 5940 SHOULD TAKE NIFTY SPOT. AT LEAST TOWARDS 7070 SPOT NIFTY LEVELS IN COMING WEEKS & MONTHS AS PART OF THE ON GOING BULL MARKET.
THE DAILY CHARTS AFTER THE SURGE ON FRIDAY 25TH JAN LOOK EXTREMELY BULLISH TO TEST THE LEVELS GIVEN IN THE CHART ABOVE IN NEXT FEW DAYS OR WEEKS. LAST WEEK’S LOWS OF 6008 IS A STRONG SUPPORT FOR SPOT NIFTY, A DECISIVE CLOSE BELOW WHICH MAY ONLY SOUND THE 1ST WARNING BELL FOR SHORT TERM SWING TRADERS. BOTH THE 2 HOURLY MACD WHICH HAS GENERATED A BULLISH HOOK FORMATION ALONG WITH THE 2 HOURLY SLOW STOCHASTIC GENERATING BULLISH SIGNALS HAVING JUST JOTTED OUT OF THE LOWER ZONE, ENCOURAGES ONE TO BOLDLY GO LONG WHEN INTRADAY CHARTS OF LOWER TIME FRAMES SHOW OVER SOLD LEVELS.
OF THESE MANIPULATED DECLINE TO BUY ONLY TILL SUCH TIME NIFTY DOES NOT CLOSE BELOW 5823 FOR AT LEAST 2 TO 3 DAYS WHICH IS THE BENCH MARK LEVEL FOR ALL TO GET CONVERTED FROM BULLS TO BEARS ON A CLOSE BELOW 5823.
TECHNICALLY THE MARKETS CONTINUE TO LOOK EXTREMELY BULLISH TO MAKE NEW LIFE TIME HIGHS IN NEXT FEW WEEKS & EVERY OPERATOR DRIVEN SLIDE LIKE THE ONE IS SEEN EVERY WEEK MUST BE TAKEN AS THE GOD SENT OPPORTUNITY TO GO LONG ONLY. MARKETS WILL CONTINUE TO REMAIN BULLISH AND EVERY SLIDE WILL BE FOLLOWED BY A BIG BOUNCE, AS LONG AS SPOT NIFTY DOES NOT HAVE A CLOSING BELOW THE 18TH DECEMBER 2012 LOW OF 5823 FOR 2 TO 3 CONSECUTIVE DAYS. WHEN THIS HAPPENS ALL MEDIUM TO LONG TERM INVESTORS MAY OFF LOAD THEIR LONG HOLDINGS, THERE AFTER EVERY SMALL RISE (EVEN INTRADAY) WILL BE A GOOD SHORTING OPPORTUNITY.
IN THE LONG TERM CHARTS OF SPOT NIFTY SPOT, THE MONTHLY CANDLE OF DECEMBER 2012 WAS A 7TH NRB CANDLE WITH THE HIGH OF 5966 & LOW OF 5823. ALTHOUGH FOR THE MONTH ENDING 31ST JANUARY WHICH HAPPENS TO BE THE EXPIRY DAY AS WELL, DURING THE COMING 3 TO 4 DAYS LEADING TO THE EXPIRY DAY, THE OPERATORS ALONG WITH THEIR AGENTS AS MENTIONED ABOVE WILL MAKE THEIR UTMOST EFFORTS IN PULLING DOWN THE MARKETS SO THAT THE MONTH OF JANUARY 2013 CLOSES BELOW THE 7TH NRB DECEMBER MONTH HIGH OF SPOT 5966 TO HIDE A DISTINCT MEGA BULLISH INDICATION THAT WILL BE GENERATED IF JANUARY MONTH CLOSING IS ABOVE THE HIGH OF 7TH NRB DECEMBER MONTH HIGH OF 5966. HOWEVER IF BULLS DO NOT GIVE UP AND LET NIFTY CLOSE THE JANUARY MONTH ON THE EXPIRY DAY ABOVE 5966 SPOT, THEN ONE MAY SEE SHARP UP MOVE FOR NEXT FEW MONTHS TOWARDS NEW LIFE TIME HIGHS IN WHICH CASE SOME OPERATOR DRIVEN PULL DOWNS THAT WILL ENCOURAGE ONE & ALL TO GO LONG AFTER EVERY OPERATOR DRIVEN PULL DOWNS.
THE WEEKLY CHARTS ALSO LOOK HIGHLY BULLISH WITH NIFTY SPOT HAVING CONSECUTIVE WEEKLY CLOSING ABOVE THE NECK LINE OF THE WEEKLY CUP HANDLE FORMATION JOINING THE WEEKLY HIGHS OF WEEKENDING 24TH FEB 2012 AT 5630, WEEK ENDING 5TH OCT 2012 AT 5815 & WEEK ENDING 30 NOV 2012 HIGH AT 5885 SPOT. NIFTY SPOT HAVING DECISIVELY CLOSED ABOVE THIS CRITICAL WEEKLY NECK LINE NOW AROUND 5940, IS READY TO MOVE UP BY ANOTHER 1130 POINTS AS THE HEIGHT OF THE CUP FROM ITS BASE AT WEEK ENDING 8TH JUNE 2012 LOW OF 4770 TO THE VERTICAL POINT ABOVE IT ON THE NECK LINE AROUND 5900. THIS 1130 POINTS COUNTED FROM THE NECK LINE NOW AROUND 5940 SHOULD TAKE NIFTY SPOT. AT LEAST TOWARDS 7070 SPOT NIFTY LEVELS IN COMING WEEKS & MONTHS AS PART OF THE ON GOING BULL MARKET.
THE DAILY CHARTS AFTER THE SURGE ON FRIDAY 25TH JAN LOOK EXTREMELY BULLISH TO TEST THE LEVELS GIVEN IN THE CHART ABOVE IN NEXT FEW DAYS OR WEEKS. LAST WEEK’S LOWS OF 6008 IS A STRONG SUPPORT FOR SPOT NIFTY, A DECISIVE CLOSE BELOW WHICH MAY ONLY SOUND THE 1ST WARNING BELL FOR SHORT TERM SWING TRADERS. BOTH THE 2 HOURLY MACD WHICH HAS GENERATED A BULLISH HOOK FORMATION ALONG WITH THE 2 HOURLY SLOW STOCHASTIC GENERATING BULLISH SIGNALS HAVING JUST JOTTED OUT OF THE LOWER ZONE, ENCOURAGES ONE TO BOLDLY GO LONG WHEN INTRADAY CHARTS OF LOWER TIME FRAMES SHOW OVER SOLD LEVELS.
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