WEEKLY ANALYSIS FOR WEEK ENDING 28TH MARCH

NIFTY WENT THROUGH A DEVASTATING WEEK BY CLOSING AT 5651 COMPARED TO THE WEEK ENDING 15TH MARCH CLOSING OF 5872, A LOSS OF 3.75%. WELL, ALTHOUGH THIS WAS MENTIONED LAST WEEK YET THE FEROCITY OF FALL WAS NOT EXPECTED. NIFTY HAD A WEEKLY HIGH OF 5863 & A LOW OF 5631 & THE CLOSING AT 5631 VERY NEAR TO THE LOW OF THE WEEK  THREATENS FURTHER FALLS DURING THE COMING TRUNCATED WEEK ENDING ON THURSDAY 28TH MARCH ON THE EXPIRY DAY. ALTHOUGH IT LOOKS HIGHLY OVERSOLD AT THIS MOMENT, YET WITH TWO DAYS OF TRADING HOLIDAYS ON WEDNESDAY & FRIDAY, NO BULL WORTH HIS SALT WOULD RISK HEAVY BUYING AT THIS JUNCTURE IN A HURRY WITHOUT WAITING FOR THE MARKET FRIENDLY MONTH OF APRIL.

THE WEEKLY CHARTS LOOK EXTREMELY DELICATE WITH NIFTY SPOT HAVING BREACHED THE 50 WEEK EMA AT 5636 TO MAKE A LOW OF 5631. ALTHOUGH NIFTY SPOT HAS MOVED UP TO CLOSE THE WEEK ABOVE IT AT 5651, YET HAVING CLOSED BELOW  BOTH THE 34 WEEK EMA & 34 WEEK SMA AROUND 5720, NIFTY NOW LOOKS HIGHLY VULNERABLE FOR FURTHER FALLS  IN CASE BULLS FAIL IN THEIR REPEATED

WEEKLY ANALYSIS FOR WEEK ENDING 22ND MARCH

AFTER THE MONSTROUS  MOVE FOR THE   WEEK ENDING 8TH MARCH WHEN NIFTY SPOT HAD A LOW OF 5663, HIGH OF 5953 & CLOSED AT 5945 SPOT, NIFTY TOOK  A  PAUSE DURING THE LAST  WEEK  AND AFTER CORRECTING TILL A LOW OF 5792 VERY NEARLY TILL THE FIBO 61.8% LEVEL OF 5682 SPOT LEVELS, SHOT UP AGAIN TO A HIGH OF 5945 ON FRIDAY  & FELL  AGAIN ON THE SAME DAY TO A LOW OF 5861 TO CLOSE THE WEEK AT 5872 EXACTLY ON THE 20 DAY EMA. THE PATTERN OF DIRTY GAME PLAYED BY THE MANIPULATORS & OPERATORS CLEARLY SUGGESTS THAT NIFTY WILL BE KEPT SUPPRESSED & WILL NOT BE ALLOWED TO MOVE UP BEYOND THE FRIDAYS HIGH OF 5945 SPOT OR 5967 FUTURE LEVELS. EVEN IF IT IS MADE TO BREACH THESE LEVELS TO DECEIVE EVERYONE TO TRIGGER STOP LOSSES ABOVE THESE, BE ABSOLUTELY SURE THE SPOT NIFTY ZONE OF 5971 TO 5991 OR FUTURE LEVEL OF 5990 TO 5995 WILL NEVER BE ALLOWED BY MARKET MANIPULATORS TO BE BREACHED DURING THE MARCH MONTH. BESIDES OPERATORS & MANIPULATORS PLAYING THEIR NASTY ROLES, HIGHLY OPERATOR INFECTED SGX NIFTY AS WELL AS THE OLD FINANCIAL CHANNELS WHO ARE HEAVILY SHORT WILL NEVER ALLOW NIFTY TO MOVE UP ABOVE THESE CRITICAL LEVELS.  SO, FOR THE COMING WEEK ENDING 22ND MARCH, VERY SHORT TERM & INTRADAY TRADERS MAY ACT IN ADVANCE

WEEKLY ANALYSIS FOR WEEK ENDING 15TH MARCH

IT WAS A VERY GOOD WEEK FOR NIFTY LAST WEEK, TO CLOSE EXTREMELY BULLISH ON FRIDAY 8TH MARCH AT THE SPOT NIFTY LEVEL OF 5946 AFTER MAKING A DAY HIGH OF 5953. THE WEEKLY CANDLE FOR THE WEEK ENDING 8TH MARCH WAS A MONSTER GREEN CANDLE  OF 290 POINTS WITH HIGH OF 5953 AND LOW OF 5663. THIS MONSTER BULLISH CANDLE WAS ONLY SECOND TO THE WEEK ENDING 8TH JUNE 2012 MONSTER GREEN CANDLE OF 314 POINTS WITH THE HIGH OF 5084 AND LOW OF 4770. WELL THE WAY THINGS ARE SHAPING UP, ONE SHOULD NOT BE SURPRISED TO SEE ANOTHER MASSIVE UP MOVE IN NIFTY TO SHOOT PAST THE ALL IMPORTANT 6111 SPOT NIFTY LEVELS TOWARDS NEW LIFE TIME HIGHS. A DECISIVE BREACH OF 5991 BY SPOT NIFTY MAY BE THE GO AHEAD SIGNAL FOR ALL TRADERS TO CLOSE THE EYES AND ADD TO THE LONG HOLDINGS.

THE CRITICAL SPOT NIFTY ZONE BETWEEN 5971 TO 5991 IS A THE LIFE & DEATH ZONE OF THE BEARS WHO MAY TRY ALL POSSIBLE MEANS BY EMPLOYING OPERATORS AND THEIR ASSOCIATED OLD FINANCIAL CHANNELS TO STALL NIFTY FROM BREACHING

WEEKLY ANALYSIS FOR WEEK ENDING 8TH MARCH

THE MONTH OF FEBRUARY MADE NIFTY LOOK LIKE ONE OF THE WORST MONTHS IN THE RECENT HISTORY OF INDIAN STOCK MARKETS & MORE SHAMEFUL WAS THE SLIDE IN INDIAN MARKETS  JUST OPPOSITE TO THE MOST OF THE WORLD MARKETS, SAY IT U.S., EUROPE OR EVEN MOST OF ASIA. WELL, THERE IS NOTHING WRONG IN INDIAN MARKETS TO  PERFORM SO BADLY BUT IT IS JUST HOW THE INDIAN MARKETS ARE PROJECTED  BY OUR OWN FINANCIAL CHANNELS, BY WILLFULLY HIDING THE GOOD NEWS AND EXUBERANTLY  ELABORATING THE BAD NEWS AFTER TAKING SUITABLE SHORT POSITIONS. TILL SUCH TIME THIS DANGEROUS HABIT IS ALLOWED TO CONTINUE, ONE CAN BE REST ASSURED INDIAN MARKETS WILL REMAIN SUBDUED FOR MANY MANY MORE  WEEKS & MONTHS EVEN IF THE TECHNICALS POINT TOWARDS HIGHLY OVERSOLD CONDITION IN INDIAN MARKETS.

LAST WEEK  BEING THE BUDGET WEEK, THE MARKETS MANIPULATORS HAD GENERATED UNNECESSARY HYPE ABOUT THE BUDGET & KEPT ON TAKING SHORT POSITIONS FOR THE ENTIRE MONTH OF FEB. THE BUDGET ALTHOUGH WAS NOT AT ALL BAD AND HAD MORE GOOD THINGS IN IT, IT WAS PROJECTED AS A BAD BUDGET TO PULL THE MARKET DOWN AGAIN ON THE BUDGET DAY TO BOOK PROFIT ON  THEIR