Treasure Hunting Map - Nifty

Hi Friends

Get prepared for the boom, as we had said what are we waiting for it was a big boom, which we saw last time nifty jumped up the barrier and reached 4568 what an high, we were not able to touch 4500 levels and cross 4515 levels but all of a sudden a big boom as we had predicted.

Now get ready again for a boom which would be because of Reliance Industries popping up with bag results which can hammer the market hard, so be careful with your gains and don't get upset, the game is still not over, we would get back to levels soon and much higher levels now due to we are going for expiry.

We have the game to short the market and then buy back at lower levels or we can follow the Nifty map and grasp respectively, so the game is still on.

We would like to cut short and like always reliance surprises the market, this time also the same happen all were expecting 3% down side in the results but we saw around 11 % fall in there results, so you can imagine the harm which is going to happen from the 12% weight age share in nifty.

Trading Strategy can be : -

Nifty buy above 4573.65 - 4596.58 - 4610.60 - 4624.62 SL - 4565, sell below 4550.72 - 4536.70 - 4522.68 - 4499.75 - 4476.82 - 4462.80 - 4448.78 SL - 4560

We would see some support at 4420 levels, but we brake 4420 levels then the bulls would get weaker and bears would get strong and fight back aggressively, until then bulls and bears would have a fight for tomorrows session and then the bulls can take back the track.

The trend of the market is still bullish, and wait and buy on dips is the best strategy to follow in the volatile market.

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