TECHNICALLY THE MARKETS LOOK HIGHLY VULNERABLE FOR A FALL & HELL WILL LET LOSE SHOULD SPOT NIFTY BREACH & MORE IMPORTANTLY CLOSES BELOW 18TH DECEMBER LOW OF 6130. THE WEEKLY BEARISH ENGULFING FORMED FOR THE WEEK ENDING 3 JANUARY COUPLED WITH THE 5 IN 1 OUT SIDE CANDLE SETUP FORMED ON FRIDAY 10TH JANUARY WITH ITS MOTHER CANDLE MAKING A HIGH OF 6239 & A LOW OF 6139 HAS KEPT THE REMAINING 5 PREVIOUS DAILY CANDLES BETWEEN 3RD JANUARY TO 9TH JANUARY WITHIN WOMB OF THE MOTHER CANDLE OF FRIDAY 10TH JANUARY. THE 7TH NRB DOJI CANDLE OF 8TH JANUARY WITH ITS LOW AT 6160 SPOT & HIGH AT 6192 WILL PLAY A VERY CRITICAL ROLE IN DECIDING THE FATE OF SPOT NIFTY DURING THE COMING FEW SESSIONS .
A DAILY CLOSE BELOW THE LOW OF THIS DEADLY 7TH NRB DOJI AT 6160 SPOT WILL SKIP THE CRITICAL LOW OF 6130 & WILL SEE SPOT NIFTY CRASHING FOR MUCH LOWER LEVELS & A DAILY CLOSE ABOVE THE SAME 7TH NRB DOJI'S HIGH AT 6192 SPOT WILL SEE SPOT NIFY SHOOTING UP LIKE A TRACER BULLET TOWARDS MUCH HIGHER LEVELS. THE WAY NIFTY FELL ON FRIDAY AFTER MAKING A HIGH OF 6239 TO CLOSE IN THE FORM OF A DOJI BELOW THE DAILY PIVOT CLEARLY INDICATES THAT MOST LIKELY NIFTY IS SLATED FOR A DOWNWARD SLIDE FOR THE NEXT FEW DAYS TO THREATEN THE DOUBLE BOTTOM LOWS OF 5972 MADE ON 13TH & 22TH NOVEMBER.
NOW THE SWING SHORTERS FROM HIGHER LEVELS WILL TRAIL THEIR STOP LOSSES TO FRIDAY'S 5 IN 1 OUTSIDE CANDLE SETUP HIGH OF 6239 SPOT & RIDE THE DOWN MOVE. .A DECISIVE BREACH OF 6239 ON ANY DAY WILL TRIGGER MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS 6336 TO ENLIGHTEN THE BULLISH HOPE FOR RESUMPTION OF THE UP MOVE OR ELSE THE OPERATORS BIG PLOT OF PULLING NIFTY DOWN SO AS TO GENERATE SOME BIG UPSIDE SPACE SO THAT THE COMING ELECTION RESULTS WILL BE ABLE TO FULFILL THE BLANK SPACE TOWARDS NEW LIFE TIME HIGHS.
IN CASE NIFTY DOES NOT OPEN WITH A GAP DOWN OR A DECEPTIVE GAP UP, THEN EXPECT INITIAL SUPPORT FOR SPOT NIFTY TO COME AROUND 6161 TO 6151. EVEN SPOT NIFTY MAY BE PULLED DOWN TO RETEST OR EVEN BREACH FRIDAY’S LOWS OF
6139 THAT MAY SIGNAL FURTHER FALLS TOWARDS 6129 FOLLOWED BY 6119 OR EVEN 6100 TO CONFIRM THAT NIFTY IS IN THE BEAR GRIP. A CLOSE BELOW 6130 SPOT ALTHOUGH MAY NOT OCCUR ON MONDAY YET A BREACH OF 6130 WILL PUNCTURE A HOLE FOR THE BULLS TO CRAWL THROUGH IT LATER TOWARDS MUCH LOWER LEVELS.
SIMILARLY ON THE HIGHER SIDE , INTRADAY BOUNCE OR EVEN A DECEPTIVE GAP UP MAY SEE NIFTY RISING TOWARDS 6192 TO 6202. A FAILURE TO BREACH OR EVEN APPROACH TOWARDS 6192 TO 6202 IS THE GO AHEAD SIGNAL TO GO ON A SHORTING RAMPAGE TO SEE MUCH LOWER LEVELS. SUSTAINING ABOVE 6192 OR MORE IMPORTANTLY ABOVE 6202 SPOT MAY SEE A FURTHER RISE TOWARDS 6226 SPOT BUT ONLY TO ENCOUNTER ANOTHER VOLLEY OF SHORTS SIMILAR TO FRIDAY.
A DAILY CLOSE BELOW THE LOW OF THIS DEADLY 7TH NRB DOJI AT 6160 SPOT WILL SKIP THE CRITICAL LOW OF 6130 & WILL SEE SPOT NIFTY CRASHING FOR MUCH LOWER LEVELS & A DAILY CLOSE ABOVE THE SAME 7TH NRB DOJI'S HIGH AT 6192 SPOT WILL SEE SPOT NIFY SHOOTING UP LIKE A TRACER BULLET TOWARDS MUCH HIGHER LEVELS. THE WAY NIFTY FELL ON FRIDAY AFTER MAKING A HIGH OF 6239 TO CLOSE IN THE FORM OF A DOJI BELOW THE DAILY PIVOT CLEARLY INDICATES THAT MOST LIKELY NIFTY IS SLATED FOR A DOWNWARD SLIDE FOR THE NEXT FEW DAYS TO THREATEN THE DOUBLE BOTTOM LOWS OF 5972 MADE ON 13TH & 22TH NOVEMBER.
NOW THE SWING SHORTERS FROM HIGHER LEVELS WILL TRAIL THEIR STOP LOSSES TO FRIDAY'S 5 IN 1 OUTSIDE CANDLE SETUP HIGH OF 6239 SPOT & RIDE THE DOWN MOVE. .A DECISIVE BREACH OF 6239 ON ANY DAY WILL TRIGGER MASSIVE SHORT COVERING TO PROPEL SPOT NIFTY TOWARDS 6336 TO ENLIGHTEN THE BULLISH HOPE FOR RESUMPTION OF THE UP MOVE OR ELSE THE OPERATORS BIG PLOT OF PULLING NIFTY DOWN SO AS TO GENERATE SOME BIG UPSIDE SPACE SO THAT THE COMING ELECTION RESULTS WILL BE ABLE TO FULFILL THE BLANK SPACE TOWARDS NEW LIFE TIME HIGHS.
IN CASE NIFTY DOES NOT OPEN WITH A GAP DOWN OR A DECEPTIVE GAP UP, THEN EXPECT INITIAL SUPPORT FOR SPOT NIFTY TO COME AROUND 6161 TO 6151. EVEN SPOT NIFTY MAY BE PULLED DOWN TO RETEST OR EVEN BREACH FRIDAY’S LOWS OF
6139 THAT MAY SIGNAL FURTHER FALLS TOWARDS 6129 FOLLOWED BY 6119 OR EVEN 6100 TO CONFIRM THAT NIFTY IS IN THE BEAR GRIP. A CLOSE BELOW 6130 SPOT ALTHOUGH MAY NOT OCCUR ON MONDAY YET A BREACH OF 6130 WILL PUNCTURE A HOLE FOR THE BULLS TO CRAWL THROUGH IT LATER TOWARDS MUCH LOWER LEVELS.
SIMILARLY ON THE HIGHER SIDE , INTRADAY BOUNCE OR EVEN A DECEPTIVE GAP UP MAY SEE NIFTY RISING TOWARDS 6192 TO 6202. A FAILURE TO BREACH OR EVEN APPROACH TOWARDS 6192 TO 6202 IS THE GO AHEAD SIGNAL TO GO ON A SHORTING RAMPAGE TO SEE MUCH LOWER LEVELS. SUSTAINING ABOVE 6192 OR MORE IMPORTANTLY ABOVE 6202 SPOT MAY SEE A FURTHER RISE TOWARDS 6226 SPOT BUT ONLY TO ENCOUNTER ANOTHER VOLLEY OF SHORTS SIMILAR TO FRIDAY.
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