MARKETS STILL LOOK HIGHLY BULLISH AS LONG AS SPOT NIFTY SUSTAINS ABOVE 5775 TO 5760. SO USE INITIAL DECLINES TOWARDS THESE LEVELS OF SPOT NIFTY TO BUY FOR QUICK INTRADAY GAINS. HOWEVER A CLOSURE OF SPOT NIFTY BELOW THE 13TH THE FRIDAY’S 7TH NRB LOW OF 5822 SHOULD BE THE EARLY SIGNAL TO BOLDLY SHORT THE MARKETS AS IN THAT CASE BIGGER FALL CAN BE EXPECTED.
FOR INTRADAY TRADING OF NIFTY FUTURES, HAVE MONDAY’S LOWS OF 5815 OR 5800 AS A STOP LOSS ON A 30 MINUTE OR A 15 MINUTE CANDLE CLOSING BASIS AND TRADE LONG ON EVERY INTRADAY DECLINE TOWARDS 5815 TO 5800 FUTURE ZONE TO REVERSE FOR RUTHLESS SHORTING BELOW THIS CRITICAL ZONE. SIMILARLY ON THE HIGHER SIDE A DECISIVE BREACH AND SUSTAINING ABOVE THE FUTURE ZONE OF 5902 TO 5909 CAN SEE MONSTROUS UP MOVE TOWARDS 5966 INITIALLY FOLLOWED BY MONDAY’S TRADING HIGH OF 5989. A FAILURE TO BREACH AND SUSTAIN ABOVE THE FUTURE ZONE OF 5902 TO 5909 CAN BE BRUTALLY SHORTED FOR GOOD INTRADAY GAINS BY HAVING A STOP LOSS ABOVE THE ZONE TO REVERSE FOR GOING LONG.
FOR INTRADAY TRADING OF NIFTY FUTURES, HAVE MONDAY’S LOWS OF 5815 OR 5800 AS A STOP LOSS ON A 30 MINUTE OR A 15 MINUTE CANDLE CLOSING BASIS AND TRADE LONG ON EVERY INTRADAY DECLINE TOWARDS 5815 TO 5800 FUTURE ZONE TO REVERSE FOR RUTHLESS SHORTING BELOW THIS CRITICAL ZONE. SIMILARLY ON THE HIGHER SIDE A DECISIVE BREACH AND SUSTAINING ABOVE THE FUTURE ZONE OF 5902 TO 5909 CAN SEE MONSTROUS UP MOVE TOWARDS 5966 INITIALLY FOLLOWED BY MONDAY’S TRADING HIGH OF 5989. A FAILURE TO BREACH AND SUSTAIN ABOVE THE FUTURE ZONE OF 5902 TO 5909 CAN BE BRUTALLY SHORTED FOR GOOD INTRADAY GAINS BY HAVING A STOP LOSS ABOVE THE ZONE TO REVERSE FOR GOING LONG.
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