Treasure Hunting Map ( Nifty )

Hi Friends

Nifty is taking support at 4780 levels and for the session a gap down opening was seen during the session and for the rest of the day it didn't brake 4780 levels on the downside and on the upside if we see it was not able to brake 4820 levels, but selling was seen in the market after continues buying session which were seen in the last week end.

Nifty was seen in red for the whole day but suddenly in the end of the session, just before the closing bell we saw nifty trading in green by few points and then it slipped down words.

So finally in the end of the day nifty closed at 4808.60, above 4800 levels are proven a strong support for the market, but on this correction nifty won't slip much, and we may only test 4720 - 4710 levels and then bounce back from those levels.

For the session the hunting map is


Buy Nifty above 4820 - 4831 - 4843 - 4855 - 4866 - 4877 SL - 4808

Sell Nifty below 4800 - 4797 - 4785 - 4774 - 4763 - 4751 - 4739 SL - 4812

Nifty is trading in a tight range, but the trend for the market is intact and market is likely to take some correction & take this opportunity as a buy option keep a stop loss and sell in the next rally which is likely to be held during the expiry.

Nifty is taking support at low levels and if this happens then one wont get to know when the correction is over and we head to new highs, but this week is a correction phase & markets will bounce back from 4710 - 4720 levels, if such support is not taken then take the levels which we had suggested in our monday article.

Trade with strict stop loss in 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
http://twitter.com/moneybaghunt