Hunting Map for Treasure

Dow is currently trading at 10:00pm, its currently at 8236 approx 5 points in (-), but if we have a look at the SnP500 its trading above 900 levels currently trading at 901 approx.

We are still at the safer side, we expect Dow to close flat as per if we have a look at the European market, they have closed flat to positive, we expect the same for Dow Jones also, we will be coming up with Dow targets very soon.

Now if you remember our previous blog, we had recommended some stocks, which have out performed and given excellent results, in the case of Unitech also, it made an high of 71, what gains and moves this stock showed.

Our Nifty call was rock on, if you see our targets and the close, they match, :), if we have a look at the nifty charts for 14th which is as follows : -



Nifty has given a close at 4117.23 levels, all pirates had there eyes on reliance, if you have read our previous blog we had prompted a question on reliance and nifty, and you see the results but the answer to that question is still not in front of us :).

Trading Strategy for 15th July, Nifty has given a close at 4117.23 levels, now traders can buy nifty above 4119 targets for nifty can be 4129 - 4123 - 4128 - 4134 - 4137 - 4140, sell nifty if it trade bellow 4111 - 4105 - 4102 - 4099 - 4093 - 4088.

These are the targets which shows that as per the performance of Dow, we are going to open flat and trading session would also remain flat, but if we get any support form European markets we can boom up, but in short term we are bullish on the market until we sustain 4050 levels.

A close above 4150 levels can hedge us to 4200 levels we can even see 4400 - 4600 levels, just wait and watch the S&P500 and performance of Reliance and World Markets.

The stocks to keep an eye are ABAN, HDIL, Rpower, Hindoilexp, Ispatind, Suzlon.

Reliance Industries can touch 1900 levels in short term, and a close above 1900 levels can drag it to touch 1930 - 1960 levels also, in medium term.



Still the big question is on, if nifty is going to fill the gap which was created at the time of upper circuits, where would reliance head to, for the gap filling we have to touch 3700 levels, as per reliance industries has filled the gap, then where would you rate reliance industries, this is a questions whose answer cannot be answered by any one, the main decider for the question is the Market.

Trade with strict stop loss and watch the markets with eagle eyes, one has to be cautious while trading in the high volatility markets, the above mentioned information is for educational purpose only, one can follow the above information in there trading session but there are trading at there own risk.

We the Pirates would like to wish all the Pirates All d Best.

Treasure
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