Treasure Hunting for a Big Bang now

Hi Friends,

Nifty is showing its own moves who know where is it heading to, a big band is ye to be awaited which can take us to 5000 levels or we head to 3900 and if that broken we head to 3300 levels.

Well if we check out the global ques we are at a run, Dow is out performing our sensex now and it has made new highs in 2009 and its trading above 8900 levels which is a good news for the market, it will surely head to 9000+ levels and make more new highs very soon.

But does this mean that we are also heading to new highs will nifty cross 4700 levels this time and touch 4800 and 5000 levels may be in augest, but the big question as of now is where are we closing at this expiry will it be above 4400 levels or below that.

Big band yet to be awaited, today early morning we saw nifty trading at it highs and suddenly it traded at its lows and made new lows all the way what a surprise for the markets and traders, all the puts mostly ran off and calls were gone crashed like hell.

But buy at dips is the best strategy, nifty has a strong support at 4380 levels which can help the bulls to keep the ball in there court.

Trading strategy for now can be that if we close below 4380 levels then but put and sell nifty and if we close above 4400 and then 4480 levels go long nifty bull run and we can see 4600 levels also.

For tomorrow's map is : -

Buy nifty above 4445.77 - 4478.43 - 4511.08 - 4567.18 - 4623.27 SL - 4420,

Sell nifty below 4389.68 - 4333.58 - 4300.93 - 4268.27 - 4212.18 SL - 4410

Make a note that the new bull run to start nifty has to trade above 4520 levels and make a close above that level for heading to 4600 - 4700 levels and a close above that the previous highs nifty is surely heading to 5000+ levels.

Volatility is likely to increase and keep eagle eyes on reliance and HDFC as per these were the major draggers and movers in the market and reliance and hdfc both were very down thus trade with strict stop loss and trade in small quantity and go long in the market only above 4520 levels.

Go Pirates attack and grab the bags of treasure.

For stock tips refer to out article which is on its way.:)

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)