Treasure Hunting Map - 31st

Hi Friends

What an impressive day, we saw a excellent upmove in the market movements, nifty showed impressive moves, and the movement of the call was predicted at the right direction.

Global ques were in our favor and we out performed, buy signal was triggered in nifty, and it made an high of 4582.35, but the closing bell was at 4571.45, thus the gates are still open for the bulls and the bears.

But over all this time the expiry was in the hands of the bulls, Dow Jones is currently out performing thus we are expecting a gap up opening tomorrow and nifty surely can make moves, and the new session for augest is going to start so, lets hope we get the best in the end and the favor goes into the hands of the bulls.

Trading Strategy can be : -

Nifty buy above 4476 - 4611 - 4630 - 4650 SL - 4455

Nifty sell below 4542 - 4522 - 4503 - 4469 SL - 4560

The new session for Augest is going to start, so we might see volatility index decreasing and as per the volumes are increasing in the market, fresh positions are likely to take cover and markets may make fast moves, tomorrow is the last day also for the week thus the closing for the week would matter a lot, if we close above 4530 levels, then we might see the next week a fast moving week and markets are likely to move at much higher levels.

Global ques are in our favor and if tomorrow markets close well then the week ahead would be seeing the peeks, but be careful trade with strict stop loss and trade in small quantity as of now.

Stocks to watch out would be DLF, Reliance, HDFC, ONGC, thus Reliance above 1950 levels can prove to be a fast move on the cards thus watch the market with open eagle eyes.

Crude oil have given impressive recoveries and intra day basis also, thus a boom is going to start again so get prepared to get hold of treasure bags.

Trading in the share market involves risk, one is advised to trade in the market with there eyes open and strict stop loss, the above mentioned information is my personal views, and one may take advice from there financial adviser before taking any final decisions as per we hold no responsibility.

Regards

Treasure ( Captain )
www.moneybaghunting.blogspot.com