Treasure Hunting Map ( NIFTY )

Hi Friends

So all set for the last session of the month, as per the 27th of August has arrived and we are going see the session expiry tomorrow, we would like to cut it short, if we look at the charts of Nifty, we would find it very interesting, as per the upside may come to an end and after the expiry, we may go back to the red side of the market and the bulls and bears may go on a war again and then after words we would see the clear market trend, as of now for tomorrow the charts show : -

We have pin pointed some important levels and trends in nifty.

If we look at the close for today, we have seen that nifty has closed at 4680, made a high of 4697, we have seen that the volumes in the market have increased and we may see some more increase in the volumes, but one thing is likely to be clear as we have said in our previous posts also, that nifty closing above 4730 levels can indicate a new bull run and we can make new highs all the way.

For the Trading session, which is 27th August, one can hunt on nifty according to this Map : -

Buy above 4690 - 4699 - 4708 - 4717 - 4728 SL - 4680

Sell below 4670 - 4660 - 4659 - 4640 - 4631 SL - 4682

We feel that the market trend would be flat and the expiry might be seen around 4655 levels, lets see what levels we close the expiry at, but if we close below 4620 levels then we may se some more downside and breaking 4580 would lead to a war between the bulls and the bears, so keep eagle eyes on Nifty now.

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