Treasure Hunting Map (Nifty)

Hi Friends

S hope all had a nice weekend, nifty made a tremendous move on the last day of the session in the last week, nifty almost made an high of 4743.75 in the cash market, and we saw a very volatile session.

As we had said in our previous articles and charts indicators which were marked, we saw accumalation in the past trading sessions and a clear cut brake out was to be seen on above 4720 levels, which was said in our articles, and the result was in front of you all, we saw a new high in the year 2009 but our indexes.

Now for the bull run to continue one can make a note that, if we have positive global ques then we can see much higher levels, but a close above 4750 levels that to with volumes then we can see much higher levels, or a close below 4710 levels, we may see some correction and the fight between the bulls and the bears may continue.

But make it a note that if we see some correction in the market and not brake 4550 on closing basis then one can take this opportunity as a buy on dips strategy and keep a strict stop loss at 4550.

So if one can see nifty around 4600 or so levels take a buy signal and buy it with the stop loss which was mentioned above, only close below 4550 was change the trend of the market and we may see some heavy correction after a sharp up move which has been seen and yet to be seen in the up coming sessions.

For the hunting session the map is as follows : -

Check out the map, heavy accumulation has been seen as the past sessions from the dips.

One can

Buy nifty above 4738 - 4766 - 4784 - 4801 SL - 4710

Sell below 4691 - 4674 - 4645 - 4616 - 4599 SL - 4720

For the week, Nifty has to close above 4750 levels that to two times regularly to indicate that the bull run and we can test more up sides, other wise, a crack may be seen and this may act as a trap for the coming sessions.

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