Treasure Hunting Map ( Nifty )

Hi Friends

Nifty made a low of 4582 and a high of 4672 in today's session, that clearly indicates that if we brake 4580 then a bull and bear fight is going to start again and this fight may drag market again, but if we cross over 4680 which can be a good level from the bulls to take over the command nifty can hit 4730 and if we are able to close above 4730 on closing basis that to with heavy volumes then nifty can make new all times highs and may not crack like all times.

If we look at the charts for nifty : -



Hunting Map for the session 26th August can be : -

Buy above 4665 - 4680 - 4694 - 4711 - 4728 SL - 4630

Sell below 4620 - 4612 - 4603 - 4580 - 4547 SL - 4638

If we look at the 20d moving average its just about to touch its high and a sell signal might generate at the higher end, which means and proves that 4730 can be tested on cards but a sell off may be seen at those levels and markets would be back to the range bound situation.

But one thing is clear and would like to make clear to you all, that a close above 4730 can touch 4900 and soon 5000 levels but a close below 4730 can make nifty again in an range bound situation and sell off may be seen at high levels, this rally may be due to expiry which is near to our pockets.

So one needs to be careful and trade in small quantity. One should also follow strict stop loss in there hunting.

We would like to wish all the Pirates a very all the BEST.

Disclaimer : -

The above stocks are my personal views, one may see that trading in the market involves risk and thus one may trade in the stocks at there own risk, we won't hold any responsibility.

Regards

Treasure Captain
www.moneybaghunting.blogspot.com