Tresure Map Hunt Results

Nifty a out performer for the day, all the stocks we selected were rock on ABAN, HDIL, Rpower, Hindoilexp, Ispatind, Suzlon, all these stocks out performed.

As we had said nifty will touch 4200 levels soon and we said to go long in Nifty from the levels of 4050, we had said in our blog that Reliance will touch 1900 levels very soon and today it made an high of 1890 just near our target.

We were expecting the rally in world wide markets as per the Dow Jones have been an out performer as per the SnP500 was trading above 900.

Nifty out performed today and if we look at the statistics nifty made an high of 4249.55 and closed at 4233.50, above 4230 levels are said to be good levels and Dow being a out performer will rush up the markets world wide and we can also see 4400 - 4500 levels very soon.

We always say that when all supports are broken one should go long and when all highs are broken one should go short, so nifty is going highs but this is not the high to go short as per the gap which is filled by reliance industries is not yet filled by our nifty, thus now or soon we are surely going to touch 3700 levels to fill up the gap, but as of now we feel that, until the snp500 is trading above 900 levels, we are expecting a rally in world wide markets and Dow Jones is also going to out perform.

But always keep eagle eyes on snp500 when ever that level is broken on closing basis for 2-3days we should go short in the market keeping the levels and the movement in mind and change our trading strategy.

As of now the treasure hunt has been a marvelous hunt, and we would keep posting maps to treasure bags.

We had said in our last article that markets are going to be flat in the starting first session and after the second session which is the opening of the European markets we are going to take a new move, here is the result, our intraday targets on nifty was a hit.

Thus rock on means rock on.

This information is the result for the blog which was posted last time, the link for the article is

http://moneybaghunting.blogspot.com/2009/07/hunting-map-for-treasure.html

one may have a look and compare the results for the same.

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Regards

Treasure