Market Outlook for the week 29July-2August

Once again Team EAIB saved all its readers from getting trapped in the manipulator's plan. We told you all last week that manipulators will energize the bulls & will sell off after taking the markets higher towards 6135. Last week whole world watched Nifty fut rising higher to 6107 levels in initial days & then crashing down sharply to 5899 later on & as we had given support 5880, markets inched higher to 5974 from low of 5899. So on both sides our readers minted massive amount of money & enjoyed the bull ride & bear attack both!! That is the power of market outlook provided by Team EAIB.....we can make you earn in any kind of market with our highly accurate-authentic market view & trading calls.

The insanity continues day in and day out, as the bears just keep on goring the bulls with one thrust after another. Last week the market did go up early in the week as we expected, and of course it cracked shaply from our sell off level of 6135. The same old manipulation happened as usual… big surprise for all those who were not aware of this game & also who don't read our blog, right?  So for all daily or short term traders, the simple strategy to make money out of this market is to trade bi-directionally rather than waiting for unidirectional move. We will be in and out of our shorts many times on the way down, as we certainly don’t want to get caught in a short squeeze.  To get a glimpse of whats going to happen next, you have too think about this from the manipulators point of view.

Last week was a wildcard week anyway, as most people thought it would be a flat to positive week. We are sure there weren’t many bears that were short the market, and that’s exactly how manipulators planned it. The lucky ones that were short, and did profit from it, probably closed their positions out too early as they too were shocked that we actually sold off as much as we did. Our members & blog readers were bearish with bull barrier at 6135 on closing basis & enjoyed massive gains in shorts with a down target of 5972-5880, which were almost hit when Nifty fut made low 5899. Massive gains of 200 points.

Moving on to this week starting from 29July, Is the slaughtering of the bulls last week over yet? Do manipulators have enough steam left for a quick head fake to 5972-6048 area, before the fresh selling starts, or will it be from around 6135-6285 levels? If we think like the big crooks.....they will decide to take it higher for few days keeping in mind that its only if it crosses 5972 level, to butcher some more bears, and allow the longs to get out and go short, we suspect that they will squeeze those new shorts by rallying more higher. Then, they will sell off the market… after the retail trader bails on his shorts and go long again & getting trapped again… that’s how the big boys play the game. Of course the market has always been controlled to some degree, but when crooks now have an unlimited supply of free money, the control they have now is the highest it’s ever been.  

The Bulls own this tape right now, and the ball is in their hands. But this week will be a battle between the two, as they try to squeeze out both sides before either of the two takes charge completely. For this week, Nifty fut will face resistance at 5972-6014 level, and in order to maintain uptrend and keep hope for bulls alive, it has to close above this level for consecutive days. Once Nifty fut manages to sustain & close above this level, we can see upper levels till 6048-6135-6224. levels. However in sort term Nifty fut will face good selling pressure on rise and will need good volumes to cross 6135 levels, failing to do so and closing below 5880 levels, it will again slide down to lower levels. On lower side Nifty fut have good support at 5880 level, if it breaches this level and closes below this then expect some sudden sell off to come and that will take down Nifty fut to much lower levels of 5818-5770-5720. Any close below the mark of 5818 will create panic once again in markets till 5720. So, this week will be of greater importance to decide the further movement of markets. Traders must stay cautious on higher levels and take positions after watching the market scenario thoroughly. One must not jump and do the trades in excitement in current markets, as aggressive trading in current market can lead to unexpected profit/loss. Watchout the markets cautiously and trade with strict discipline and stoploss. Dont try to speculate or time the markets. Simply trade on levels and mint money from both up-down movements of markets. In current scenario many of the bulls have joined the bear party & more will join if market crashes down towards 5720, and this signal is always bullish. "The best time to buy is when bulls go short & best time to sell is when bears go long."

Just a food for thought: After Second week of August we can see some unexpected one side sharp move in market!! 

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