Treasure Hunt Bag

Hi Friends,

Congrats to all the Pirates who followed the Map and gained treasurer bags, as we had said we would see 4300 + levels and the result is in front of you.

Nifty has boomed up from 3900 levels to 4390 levels in just few days, Reliance has also archived our targets. Now what we have to see is would we see 4500 levels and 4700 levels and gain much higher than the previous highs or we see a tank and we go down to a low as 3700 - 3500 - 3300 levels to fill up the gap.

This time reliance was the stock which took support and boosted up which helped our markets to jump and how can we forget the Global Ques which boosted the world wide markets. We were right at our Dow article we would see a rally soon and here is the result.

Now the main game begins, Dow is as high as 8743 levels and if we look at the SnP500 its at 940, we may see some more upside, and may be we make new highs if the SnP500 crossed 950 levels.

Now for our markets, one has to keep eagle eyes on Nifty now, a close above 4380 would open the gate for 4500 levels, volatility has increased and we have to make our moves fast, reliance is trading above the support levels we may see 2050 to 2130 levels soon.

Expiry is near, just 10 days from now, so the markets would react, we are expecting some govt disinvestment schemes and IPOS are likely to be introduced in the market, one can also keep at eye on Bharti Airtel MTN deal which is going to be decided in the month end around the 30th of the month ending.

Trading Strategy for Tomorrow is

Nifty buy above 4380 - 4433 - 4462 - 4492 - 4542 - 4593 and sell nifty only below 4320 - 4302 - 4273 - 4222 - 4171 - 4142 - 4113, your stop loss can be 0.05% from your price.

Bank Nifty above 7242.18 - 7357.17 - 7420.23 - 7483.28 - 7598.28 - 7713.27, sell bank nifty below 7127.18 - 7064.13 - 7001.07 - 6886.08 - 6771.08 - 6708.03 - 6644.97.

If we look at the Sensex a close above 14900 - 15100 levels, nifty can touch and break all time highs and test 16000 levels also.

The bears would have no chance to take the control if nifty closes above 4550 levels and sensex 15100 levels and all time new highs would be seen in both the indices.

Trade with SL and keep your eagle eyes on Nifty, 4470 crucial levels for break out, Reliance is a stock to keep eyes on, even crude oil if it crosses 64$ then only we can see 68$ - 70$ as we have been saying in our previous articles and do check out global ques.

We are heading towards expiry, we might see some more short covering if we touch highs and close in green and global ques with us we can go up more high in the sky.

For the stocks to watch out for treasure see the next article.

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

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