Treasure Hunting Map ( Nifty ) - 29thNifty has shown some impressive moves in the last session, we saw Nifty closing below the previous weeks close & dollar has also set its buttom levels, now for the downside to continue it has to brake 47.94 levels, then we can expect new up side moves in the market, Global ques are also giving a red signal now days, they are under going a correction & same is being seen with the commodities side.
As of now nifty is trading in a tight range of 4935 - 5011 levels, either of the two levels brake we can expect new moves after that, Nifty has a support at 4900 & if that brakes on closing basis we can expect it to touch 4830 levels also, if that is also broken then we can see 4780 levels also in the coming sessions.
Nifty is trading in an over brought situation & those who are getting profits can book out marginal profits & rest they can trade as per a Stop Loss, cautiousness is required to be taken at current levels.
Treasure Hunt on Nifty can be : -
Buy Nifty above 4965 - 4976 - 4991 - 5008 - 5024 - 5039 - 5054 SL - 4948
Sell Nifty below 4950 - 4945 - 4928 - 4913 - 4898 - 4882 - 4865 SL - 4970
The levels to watch out for the week end are 5055 - 4980 - 4935 - 4880 - 4754.
We are heading towards a festival season & lots of holidays are going to be flashed on the screen, so taking positions over night would be risky, & one has to trade with proper Stop Loss to avoid traps.
The new series is about to start & just don't go blind folded in the markets towards longs or short positions.
Volatility is going to be increased in the market & until Reliance which is the Key of the market is locked at its range, till then we are safe, so do keep eagle eyes on Reliance Industries.
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
http://twitter.com/moneybaghunt
Yahoo User ID - moneybaghunt
The new series is about to start & just don't go blind folded in the markets towards longs or short positions.
Volatility is going to be increased in the market & until Reliance which is the Key of the market is locked at its range, till then we are safe, so do keep eagle eyes on Reliance Industries.
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
http://twitter.com/moneybaghunt
Yahoo User ID - moneybaghunt
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