Treasure Hunting On Nifty for 22nd

Hi Friends

Nifty saw profit booking at high levels, no one knows were is it heading to some say it will touch 4600 - 4700 levels and then 5000 levels also, without the gap fill is that possible who knows this no one knows, but we know that we are the pirates and we are at a hunt, thus going long at curent levels won’t be preferable, one can do intra day trading and earn that would be best instead of taking risks for long term.

Trading intraday with strict stop loss is much better than going long.

Will not say much will cut short the article and here we go with the trading strategy for 22nd of July.

One can buy nifty above 4496.55 - 4516.53 - 4540.25 - 4563.97 - 4583.95 - 4603.93 SL - 4480

Sell nifty below 4476.57 - 4452.85 - 4429.13 - 4409.15 - 4389.17 - 4365.45 -4341.73 SL - 4485

This is the strategy for the coming session, and one has to trade with strict stop loss and at every dip there is a opportunity to buy so accumulate at dips and sell at rally’s, we will take support at 4350 at the most if that is broken then the ball can be in the court of the bears and we may also test 4100 - 4050 levels which is unlikely to happen for this expiry.

But no one knows long positions as of now so trade in intra day and gains instead of loosing

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)