Treasure Bag for Pirates

Hi Friends

Once again we did it, what an big bang today, we rocked on once again and got hold of big treasure bags, in our last article we had clearly mentioned some important levels to keep an eye on and here are the results in front of you, toady we gained 80 points around in nifty.

Does any pirate remember what we had said in our article for Dow, one can find the article at www.moneybaghunting.blogspot.com, we were bullish since we had made a low of 3900 in nifty and gained so much in just few sessions now this is known as out performance, we had said a new rally is going to start in Dow Jones and our analysis proved to be right, Dow has made a new high since the starting of the year and first time touched 9000 levels this year.

Our crude levels as predicted are near our targets for 68$ what we had said in our article, see the out performance.

Now where is nifty heading to, are we going to tank back, or we are going to start a new rally, well we won't give you any answers our markets and map would guide you to hunt treasure.

Well firstly lets look at the charts : -



Nifty was consolidating between 4455 to 4480 ups and downs, shorts and covers were the moves in the market since morning, and all of a sudden the markets moved and crossed 4500 and made a new high for the day which was 4532.40 and showed impressive moves and made a close at 4523.75.

These levels are still good if we see, the bears are still there but there strength has decreased, the power in the hands of the bulls have increased now and they have more control in the market, but we are going to close the month as per of expiry which is on the 30th of July, so we saw short covering in the market at lower levels, but now no shorting chance are to go long now.

The bulls would have full control over the market if we close above 4550 levels and we sustain above these levels then we can see 4650 and 4720 levels soon in Augest or may be before the expiry, but ya one has to trade with strict stop loss as per due to expiry volatility is going to increase.

One can buy nifty above 4528.08 - 4568.78 - 4591.30 - 4613.82 - 4654.53 SL - 4500, sell nifty below 4487.37 - 4464.85 - 4442.33 - 4401.63 - 4360.92 - 4338.40 - 4315.88 SL - 4515

Tomorrow is friday and Dow Jones is trading in green and above 9000 levels, SnP500 is also above 950 levels and around 970 levels major test would be crossing 1000 levels in SnP, Crude Oil is currently trading at 66.95$ near the target of 68 if it is able to cross above that level we can see 72$ also, but the big question now wold crude oil cross 75$ and touch 82$ or head back, would SnP500 cross 1000 levels for a new rally to start and head back Dow to old levels of highs or a big correction and to what levels, will Nifty touch 4700 levels or go down and this time bears would be more aggressive.

All the answers would be shown in front of you with time, just follow the Treasure Map and gain daily why to take high risks.

Do check out and vote in our poll at www.moneybaghunting.blogspot.com.

Go Pirates attack and grab the bags of treasure.

Trading in the market involves risk, this information being provided is for educational purpose only, one should take advices from there financial consultants before making any final decisions in there trades, we hold no responsibility, and the trader is trading at there own risk.

Regards

Treasure(Captain)
www.moneybaghunting.blogspot.com