NIFTY FOR THE WEEK ENDING 28TH SEPT CLOSED AT 5703 COMPARED TO ITS PREVIOUS WEEK’S CLOSING OF 5691. ALTHOUGH SUCH TYPE OF CLOSING BY JUST 12 POINTS UP ON A WEEKLY BASIS CAN BE CONSTRUED AS A FLAT CLOSE, YET THE FACT THAT NIFTY MADE A HIGHER WEEKLY HIGH , HIGHER WEEKLY LOW & A HIGHER WEEKLY CLOSING IS A CLEAR INDICATION THAT THE MEGA BULL RUN IS VERY MUCH INTACT AND THE EXPECTED OPERATOR INDUCED FALL LIKELY TO BE INFLICTED IN OCTOBER SHOULD ENCOURAGE THE FENCE SITTERS TO BOLDLY BUY FOR LONG TERM AND THE ALREADY LONG POSITION HOLDERS TO ADD ON TO THEIR LONGS ON EVERY DECLINE.
MARKETS FOR 28TH SEPTEMBER
DUE TO EXPIRY CONSIDERATIONS, NIFTY CONTINUED TO REMAIN WEAK AND CLOSED AT THE EXPECTED LEVEL OF 5650. TRADERS & INVESTORS MUST KEEP IN MIND THAT THE WHOLE MARKET IS MANIPULATED BY A HANDFUL OF BIG EXTERNAL OPERATORS & SOME INTERNAL OPERATORS & NEVER EVER ANYTHING CAN BE DONE ABOUT IT. THIS MANIPULATION OF MARKETS WILL CONTINUE AND ONE HAS TO LIVE WITH IT. AFTER MAKING THE LAST FRIDAY’S HIGH OF 5720 SPOT NIFTY LEVELS, NIFTY IS IN THE PROCESS OF MAKING A PERFECT FLAG FORMATION AND TECHNICALLY THIS FLAG FORMATION AFTER THE BIG RISE FROM 20TH SEPT LOW OF 5535 TO THE 21ST SEPT HIGH OF 5620 IS A HIGHLY BULLISH SIGNAL FOR MUCH HIGHER LEVELS AND A BREACH
MARKETS FOR 27TH SEPTEMBER
AS WAS WRITTEN YESTERDAY, DUE TO EXPIRY CONSIDERATIONS, NIFTY CONTINUED WITH THE RANGE BOUND MOVEMENTS WITH A NEGATIVE BIAS. WEDNESDAY SAW NIFTY MAKING THE 3RD CONSECUTIVE DAY OF LOWER HIGHS AND LOWER LOWS THAT ENCOURAGES ONE TO SHORT THE INTRADAY RISE AS LONG AS SPOT NIFTY FAILS TO CROSS LAST FRIDAYS HIGH OF 5720. EVERY INTRADAY RISE TOWARDS OR ABOVE 5700 SPOT LEVELS MAY BE RUTHLESSLY SHORTED BY HAVING A STOP LOSS ABOVE SPOT NIFTY LEVEL OF 5720 FOR GOOD INTRADAY GAINS. BEING EXPIRY DAY
MARKETS FOR 25TH SEPTEMBER
DUE TO THE EXPIRY WEEK CONSIDERATIONS BEING IN PLAY, NIFTY CONTINUED TO TRADE IN A TIGHT RANGE OF 5710 ON THE HIGHER SIDE AND 5663 ON THE LOWER SIDE TO CLOSE AROUND 5672. TILL EXPIRY IS OVER ON 27TH SEPTEMBER, ONE WILL OBSERVE RANGE BOUND MOVE WITH A NEGATIVE BIAS. AS OF NOW THE EXPIRY IS LIKELY TO BE EITHER 5700 OR 5600. THE PRICE PATTERN SUGGESTS THAT THE BIG OPERATORS MAY PULL NIFTY DOWN FURTHER FROM THE PRESENT LEVELS TO HAVE THE EXPIRY AROUND 5600 LEVELS. HOWEVER THERE WILL BE MUCH BIGGER MOVEMENTS IN THE INDIVIDUAL STOCK PRICES OFFERING GREAT OPPORTUNITIES TO EARN HANDSOME GAINS IN THEM.
FOR TUESDAYS INTRADAY TRADING PURPOSE, SPOT NIFTY IS LIKELY TO BE RANGE BOUND AGAIN IN A TIGHT RANGE OF 5700 TO 5710 ON THE HIGHER SIDE & 5660 TO 5650 ON THE LOWER SIDE. SPOT NIFTY HAS INITIAL SUPPORT AROUND MONDAYS LOWS OF 5663 TO 5660 LEVELS SUSTAINING BELOW WHICH MAY EASILY SEE SPOT NIFTY SLIDING TOWARDS 5650 TO 5645 LEVELS. SIMILARLY ON THE HIGHER SIDE, SPOT NIFTY MAY FIND IT TOUGH TO BREACH 5696 TO 5700 ZONE SUSTAINING ABOVE WHICH ONLY ONE MAY SEE NIFTY MOVING UP IN STEPS TOWARDS 5705 TO 5710 FOLLOWED BY 5720. ONLY SUSTAINING ABOVE THE SPOT NIFTY LEVEL OF 5720 MAY GENERATE SHORT COVERING TO PROPEL NIFTY TOWARDS 5730 FOLLOWED BY 5740 LEVELS.
MARKETS FOR 24TH SEPTEMBER
THE MARKETS CONTINUE TO REMAIN BULLISH TOWARDS NEW LIFE TIME HIGHS ABOVE 6300+ NIFTY LEVELS AS PART OF THE MEGA 3RD SUB WAVE OF THE MONSTER 3RD UP WAVE. USE EVERY CORRECTION TO BUY ONLY. HAVE TRAILING STOP LOSS AS THE MARKETS MOVE UP. SPOT NIFTY HAS INITIAL SUPPORT AROUND 5686 FOLLOWED BY 5666 & IF THE CRITICAL LEVEL AROUND 5666 DOES NOT HOLD THEN IT HAS STRONG SUPPORT AROUND 5630. NO CHANGE HAS BEEN MADE TO THE DAILY CHART ABOVE, AS THE MARKETS ARE MOVING UP EXACTLY AS PER THE LEVELS GIVEN IN THE CHART ABOVE. THE INVERTED HEAD & SOLDER AS GIVEN IN THE CHART ABOVE CAN SEE THE NEXT TARGET OF 5950 SPOT NIFTY LEVELS THAT WILL BE FOLLOWED BY NEW LIFE TIME HIGHS ABOVE 6357 WITH MANY PAUSES AND CORRECTIONS TILL SPOT NIFTY MAKES A NEW LIFE TIME HIGH.
ON THE HIGHER SIDE, SPOT NIFTY FINDS INITIAL RESISTANCE AROUND 5740 WHERE ONE MAY EXPECT SOME PAUSE THAT MAY SEE PITCHED BATTLE BETWEEN THE BULLS & THE BEARS TO REGAIN SUPREMACY. ONCE SPOT NIFTY BREACHES 5740 AND MORE IMPORTANTLY MANAGES TO CLOSE ABOVE IT THEN THERE IS NO STOPPAGE FOR SPOT NIFTY TOWARDS THE NEXT TARGET OF 5900+ LEVELS IN NEX FEW DAYS. LONG TO MEDIUM TERM HOLDERS MAY HOLD LONGS AND ADD LONG POSITIONS ON EVERY DECLINE AS LONG AS SPOT NIFTY DOES NOT BREACH 14TH SEPT OPENING GAP LOW OF 5530 ON A CLOSING BASIS. IN CASE SPOT NIFTY CLOSES ABOVE 5740 MORE LONGS BE ADDED TO SEE 5900 OR EVEN HIGHER LEVELS.
MARKETS FOR 20TH SEPTEMBER
AS WAS WRITTEN BELOW FOR 18TH SEPT, INDIAN MARKETS TOOK A PAUSE AND AFTER 9 CONSECUTIVE DAYS OF MEGA RISE FROM THE 5TH SEPT LOW OF 5215 TILL 17TH SEPT HIGH OF 5650 SPOT NIFTY LEVELS, NIFTY CERTAINLY DESERVED A FEW DAYS OF PAUSE BEFORE RESUMING THE UPWARD MARCH AS PART OF THE MONSTER 3RD SUB LEG OF THE MEGA 3RD UP WAVE . ALTHOUGH HOLDERS OF SHORT POSITIONS MAY CONTINUE TO HOLD THE SHORT POSITIONS TILL SPOT NIFTY DECISIVELY BREACHES THE MONDAY 17TH SEPT HIGH OF 5650 & MORE IMPORTANTLY TILL SPOT NIFTY CLOSES ABOVE THE 22ND FEB SWING HIGH OF 5631, YET THE LIKELY INITIAL SLIDE ON THURSDAY 20TH SEPT SHOULD BE USED BY SHORT HOLDERS TO AT LEAST
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