Treasure Hunting Map ( Nifty & Bank Nifty ) - 1 Oct

Hello Pirates

Nifty has shown yet again some massive & surprising moves, if one had a look at the dollar index, it just crashed, it broke its range & low of 47.94 & made a touched 47.80 levels which was a good news for our markets & the commodities section also, Gold is rocking, as said 980 are the levels which once broken can take one for a toss & the dollar crash made it so happy that its nearly 15$ up intra & trading at almost 1006 levels, what an massive jump it saw.

Nifty finally made new highs for the year 2009 & yet again a new history & a new page in the books has written in the books.

Dow Jones was trading at 100 points -, but after seeing the commodities section & gold specially on the jump, I truly believe that this Dow trading in red is due to some results which has been bad & this Dow will recover & my expectations is that it would close at a flat note.

To cut it short, we expect that Nifty is still strong, now nifty might face a hurdle at high but the upside is still left in nifty, Nifty has given a strong closing on intraday basis, we expect some more upside in nifty, but the major part would be the second part & the closing, if nifty is able to close above 5080 levels then next week can be a bumper week, this is all because we are heading towards holidays & bears are taking & enjoying the holidays, but the bulls are working hard on the working days & the result is infront of you, we had said this before also & we say this now also.

We are also updating about bank nifty, as per we have seen massive moves in the index & what is the upside left & what will happen to the banking sector thats a major concern now as per if the bank index is able to make some more highs then the banking sector can boom the market like any thing & the stocks like sbi & idbi etc will move towards new heights.

Treasure Hunting Map for Nifty & Bank Nifty : -






One can buy Nifty above 5085 - 5100 - 5112 - 5127 - 5141 - 5169 - 5196 SL - 5058

Sell Nifty below 5049 - 5044 - 5029 - 5002 - 4975 - 4960 - 4946 - 4920 SL - 5065

Buy Bank Nifty above 8822 - 8933 - 8994 - 9055 - 9166 - 9278 SL - 8760

Sell below 8710 - 8649 - 8589 - 8477 - 8366 - 8305 - 8244 SL - 8750

As per tomorrow is the last day of the week end & once again we are heading towards a holiday, one can go light on there holdings & book partial profits at higher levels & take rest of the positions as per a stop loss set on them, as per the coming week end can be crucial as per the results are going to be poped out from the bags of companies & Diwali festival is also on the way.

Trade with small quantity tomorrow as we are expecting some fast moves & unpredictable moves & yet again we might open in green & close in the end of the day in red.

A clear bull run is still not set so trade carefully in the market as per many traps have been set.

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

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