A Glance at the Hunt

Hi Friends,

Have been out of the hunt for a time being and sorry couldn't update upon the hunting strategies, so here we are again to rock on and carry on the hunt and this time hunt down in bags.

In the last session which was on the 14th of August 2009, our Indian Treasure Hunt was a choppy session, where we touched an high of 4619.00 and a low of 4580.05 and thus in the end of the day the session settled at 4580.05 levels.

Nifty was trading in Premium which showed some panic short covering in the session which ended a day before the 14th, but we still were not confirmed on the up side as per the bulls and bears are still at a fight, the bulls would take full control only after a successful close above 4620 levels, and the bull run to continue nifty and the bulls have to close with high volumes above 4730 levels, then only in the near future we can see 4900 or 5000 levels.

But after the choppiness and the close below 4620 levels confirms that the fight between the bears and the bulls are going to continue and and can see some downside in the market, as per the global cues if we see : -

When European Market had opened during the Indian markets, there were trading in green and in the end session all the markets are in red,

And if we see at the American Market, Dow also saw some correction and in the end it recovered from its low and closed in red.


If we see the Asia closing for the session they closed in green but a flat close was seen in hang sang and nikkie closed at green signal.

If we look at the commodities section, crude oil is showing some profit booking and trading at 67.51 $, if it takes support around 66$ and bounces back then it can again touch 71$ and be in the range of 66 - 71$, but any side break out can boom or crash the market, it clearly depends on the side break out it gets.

Thus for the up coming sessions we may see some dips, which can be an oppurtunity to buy as per we are still under a war with the bears and the bulls, its not a bull market its nor a bear market, its just a fight and a mix market, thus grab this oppurtunity and start collecting in small quantity at dips and sell when the bulls take over, its like bears signal is a buy and bull signal is a sell.

Trade with open eyes, and monsoon was a major hammer for the market and the GDP ratio, but god has helped and blessed us and thus we are enjoying the falls of water drop lets, thus the hunt becomes more interesting as per a complete bear or a bull run is that much hard to understand, so don't miss the opportunity and see the markets all around and hunt.

The above views are my personal information and my personal studies, one can use the information as an educational purpose and trade with there own responsibilities. We hold no responsibility for any losses or profits. They are using and hunting at there own risk.