AS WAS PREDICTED, NIFTY HAD A HIGHLY TRIUMPHANT MONTH OF JANUARY. JANUARY MONTH NOT ONLY CLOSED AT 6034 SPOT LEVELS MUCH ABOVE THE DECEMBER MONTH 7TH NRB HIGH OF 5965 BUT ALSO MADE THE 8TH CONSECUTIVE MONTH OF HIGHER HIGHS THAT HAD STARTED FROM THE JUNE 2012 MONTHLY HIGH OF 5286 AFTER IT STARTED THE HIGHER HIGH ABOVE THE MAY 2012 HIGH OF 5279. OTHER THAN THE MANIPULATED 5TH OCTOBER 2012 LOW OF 4888 SPOT LEVELS, IN FACT NIFTY HAD BEEN MAKING THE 7TH CONSECUTIVE MONTH OF HIGHER LOWS ALSO STARTING FROM THE JUNE 2012 LOW OF 4770 SPOT LEVELS.
SO, ON A MONTHLY BASIS, THE CHARTS LOOK EXTREMELY BUOYANT FOR MUCH HIGHER LEVELS EVEN THOUGH MASTER OPERATORS WILL PULL NIFTY DOWN TO FLUSH OUT WEAKER HANDS, A GLIMPSE OF WHICH WAS CLEARLY VISIBLE WHEN NIFTY WAS PULLED DOWN TO A LOW OF 5987 TO HAVE A WEEKLY CLOSING BELOW
6000 SPOT LEVELS AT 5998 THAT TOO BELOW THE PREVIOUS WEEK ENDING 25TH JANUARY WEEKLY HAMMER LOW OF 6007. THE WAY OPERATORS ARE GIVEN A FREE HAND, ONE SHOULD NOT BE SURPRISED TO SEE THESE MANIPULATORS DOMINATING THE MARKETS IN PULLING IT FURTHER DOWN FOR ANOTHER WEEK OR TWO SO THAT THE FM IS FORCED TO TAKE CERTAIN MARKET LIFTING MEASURES IN THE COMING BUDGET. HOWEVER EVEN AFTER EIGHT CONSECUTIVE MONTH OF HIGHER MONTHLY HIGHS TILL THE MONTH ENDING JANUARY 2013, THE MARKETS STILL LOOK MEGA BULLISH FOR MUCH HIGHER LEVELS AND A WEEK OR TWO OF OPERATORS MANIPULATED SLIDE IS A GREAT BUYING OPPORTUNITY FOR LONG TO MEDIUM TERM INVESTORS.
AS CAN BE SEEN IN THE CHART ABOVE, NIFTY SPOT TESTED THE SUPPORT LINE AT 5987 ON FRIDAY 1ST FEBRUARY. THIS SUPPORT LINE IS COMING FROM THE 18TH DECEMBER LOW OF 5823. IN THE DAILY CHARTS ALSO NIFTY SPOT IS CONFINED WITHIN A PERFECT UPWARD SLANTING RECTANGLE FORMED BY JOINING THE 11TH DECEMBER HIGH OF 5965 AND 22ND JANUARY HIGH OF 6101 ON THE HIGHER SIDE AND 18TH DECEMBER LOW OF 5823 ALONG WITH LOWS OF 21ST & 24TH DECEMBER LOWS EXTENDED TOWARDS THIS FRIDAY 1ST FEB 2013 LOW OF 5987 FORMING THE LOWER SIDE. EVEN THE TWO HOURLY CHART OF SPOT NIFTY ABOVE CLEARLY SHOWS THE UPWARD SLANTING RECTANGLE WITH SPOT NIFTY HAVING TAKEN SUPPORT EXACTLY AT 5987 ON THE BASE OF THE RECTANGLE.
SO, A DECISIVE CLOSE BELOW THIS BASE LINE OR A CLOSURE OF SPOT NIFTY FOR TWO OR THREE DAYS BELOW LAST WEEKS\’S MANIPULATED LOW OF 5987 CAN CERTAINLY SEE A CORRECTION OF ABOUT 150 TO 175 SPOT NIFTY POINTS TO COMPENSATE FOR THE BIG 8TH CONSECUTIVE MONTHS OF HIGHER HIGHS AFTER MAY 2012. SO, FOR THE SHORT TERM INVESTORS AND SWING TRADERS, A DECISIVE CLOSE OF SPOT NIFTY BELOW 5987 FOR AT LEAST 1 OR 2 DAYS CAN BE THE GO AHEAD SIGNAL TO CLOSE THE EYES AND GO SHORT FOR GREAT GAINS DURING THE MONTH OF FEB BEFORE THE BUDGET ALTHOUGH THE NEW YEAR’S DAY 2013 GAP LOW OF 5935 MAY DELAY THE SLIDE FOR SOME DAYS. AS REGARDS THE MEDIUM & LONG TERM INVESTORS ARE CONCERNED, AS LONG AS SPOT NIFTY DOES NOT CLOSE BELOW THE 18TH DECEMBER LOW OF 5823, EVERY OPERATOR DRIVEN FALL WHICH IS GOING TO BE SPOTTED DURING FEBRUARY MONTH TILL THE LIKELY MEGA BULLISH BUDGET, IS GOING TO BE THE GOD SENT OPPORTUNITY FOR THE LONG & MEDIUM TERM INVESTORS TO BOLDLY BUY AND ADD TO THE ALREADY HELD LONG POSITIONS TO BE OFF LOADED IN ONE GO SHOULD THE OPERATORS SUCCEED IN CLOSING SPOT NIFTY DECISIVELY BELOW 5823 SPOT LEVELS.
THE SUPPORT & RESISTANCE LEVELS WHICH SPOT NIFTY IS GOING TO ENCOUNTER IS MARKED ON THE TWO HOURLY CHART ABOVE. BREACH OF EACH OF THESE LEVELS WHETHER ON THE HIGHER OR LOWER SIDE WILL QUALIFY SPOT NIFTY TO EITHER SLIDE OR RISE TO THE NEXT LEVEL. SO, THE STOP LOSS MAY BE PLACED ACCORDINGLY BELOW OR ABOVE THE NEXT LEVEL. SPOT NIFTY AFTER MAKING A HIGH OF 6111 ON 29TH JANUARY HAVE BEEN FALLING CONTINUOUSLY FOR 4 DAYS TILL THE FRIDAYS LOWS 0F 5987. SO ONE CAN EXPECT A GOOD RETRACEMENT RISE FOR A DAY OR TWO.
SO, ON A MONTHLY BASIS, THE CHARTS LOOK EXTREMELY BUOYANT FOR MUCH HIGHER LEVELS EVEN THOUGH MASTER OPERATORS WILL PULL NIFTY DOWN TO FLUSH OUT WEAKER HANDS, A GLIMPSE OF WHICH WAS CLEARLY VISIBLE WHEN NIFTY WAS PULLED DOWN TO A LOW OF 5987 TO HAVE A WEEKLY CLOSING BELOW
6000 SPOT LEVELS AT 5998 THAT TOO BELOW THE PREVIOUS WEEK ENDING 25TH JANUARY WEEKLY HAMMER LOW OF 6007. THE WAY OPERATORS ARE GIVEN A FREE HAND, ONE SHOULD NOT BE SURPRISED TO SEE THESE MANIPULATORS DOMINATING THE MARKETS IN PULLING IT FURTHER DOWN FOR ANOTHER WEEK OR TWO SO THAT THE FM IS FORCED TO TAKE CERTAIN MARKET LIFTING MEASURES IN THE COMING BUDGET. HOWEVER EVEN AFTER EIGHT CONSECUTIVE MONTH OF HIGHER MONTHLY HIGHS TILL THE MONTH ENDING JANUARY 2013, THE MARKETS STILL LOOK MEGA BULLISH FOR MUCH HIGHER LEVELS AND A WEEK OR TWO OF OPERATORS MANIPULATED SLIDE IS A GREAT BUYING OPPORTUNITY FOR LONG TO MEDIUM TERM INVESTORS.
AS CAN BE SEEN IN THE CHART ABOVE, NIFTY SPOT TESTED THE SUPPORT LINE AT 5987 ON FRIDAY 1ST FEBRUARY. THIS SUPPORT LINE IS COMING FROM THE 18TH DECEMBER LOW OF 5823. IN THE DAILY CHARTS ALSO NIFTY SPOT IS CONFINED WITHIN A PERFECT UPWARD SLANTING RECTANGLE FORMED BY JOINING THE 11TH DECEMBER HIGH OF 5965 AND 22ND JANUARY HIGH OF 6101 ON THE HIGHER SIDE AND 18TH DECEMBER LOW OF 5823 ALONG WITH LOWS OF 21ST & 24TH DECEMBER LOWS EXTENDED TOWARDS THIS FRIDAY 1ST FEB 2013 LOW OF 5987 FORMING THE LOWER SIDE. EVEN THE TWO HOURLY CHART OF SPOT NIFTY ABOVE CLEARLY SHOWS THE UPWARD SLANTING RECTANGLE WITH SPOT NIFTY HAVING TAKEN SUPPORT EXACTLY AT 5987 ON THE BASE OF THE RECTANGLE.
SO, A DECISIVE CLOSE BELOW THIS BASE LINE OR A CLOSURE OF SPOT NIFTY FOR TWO OR THREE DAYS BELOW LAST WEEKS\’S MANIPULATED LOW OF 5987 CAN CERTAINLY SEE A CORRECTION OF ABOUT 150 TO 175 SPOT NIFTY POINTS TO COMPENSATE FOR THE BIG 8TH CONSECUTIVE MONTHS OF HIGHER HIGHS AFTER MAY 2012. SO, FOR THE SHORT TERM INVESTORS AND SWING TRADERS, A DECISIVE CLOSE OF SPOT NIFTY BELOW 5987 FOR AT LEAST 1 OR 2 DAYS CAN BE THE GO AHEAD SIGNAL TO CLOSE THE EYES AND GO SHORT FOR GREAT GAINS DURING THE MONTH OF FEB BEFORE THE BUDGET ALTHOUGH THE NEW YEAR’S DAY 2013 GAP LOW OF 5935 MAY DELAY THE SLIDE FOR SOME DAYS. AS REGARDS THE MEDIUM & LONG TERM INVESTORS ARE CONCERNED, AS LONG AS SPOT NIFTY DOES NOT CLOSE BELOW THE 18TH DECEMBER LOW OF 5823, EVERY OPERATOR DRIVEN FALL WHICH IS GOING TO BE SPOTTED DURING FEBRUARY MONTH TILL THE LIKELY MEGA BULLISH BUDGET, IS GOING TO BE THE GOD SENT OPPORTUNITY FOR THE LONG & MEDIUM TERM INVESTORS TO BOLDLY BUY AND ADD TO THE ALREADY HELD LONG POSITIONS TO BE OFF LOADED IN ONE GO SHOULD THE OPERATORS SUCCEED IN CLOSING SPOT NIFTY DECISIVELY BELOW 5823 SPOT LEVELS.
THE SUPPORT & RESISTANCE LEVELS WHICH SPOT NIFTY IS GOING TO ENCOUNTER IS MARKED ON THE TWO HOURLY CHART ABOVE. BREACH OF EACH OF THESE LEVELS WHETHER ON THE HIGHER OR LOWER SIDE WILL QUALIFY SPOT NIFTY TO EITHER SLIDE OR RISE TO THE NEXT LEVEL. SO, THE STOP LOSS MAY BE PLACED ACCORDINGLY BELOW OR ABOVE THE NEXT LEVEL. SPOT NIFTY AFTER MAKING A HIGH OF 6111 ON 29TH JANUARY HAVE BEEN FALLING CONTINUOUSLY FOR 4 DAYS TILL THE FRIDAYS LOWS 0F 5987. SO ONE CAN EXPECT A GOOD RETRACEMENT RISE FOR A DAY OR TWO.
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