Treasure Hunting Map ( Nifty )

Hi Friends

Nifty is making very volatile moves, & for the week to end, we have some interesting moves for aggressive traders which we had passed on to you all on the starting day which was monday.

We would like to repeat the same as so one can make a note of it.

Nifty is at all time new highs & we would like to cut short the conversation as per timing is everything in this volatile market.

The hunting Strategy can be : -

Nifty finally closed at 4899 during the end the bell ring, after a gap down which was seen in the previous session, this was likely to happen, but still a healthy correction is due and market may take them much heavier then expected.

For the week end, if we close above 4930 levels for tomorrow & then one can go long at 4930 with stop loss at 4920 levels on closing basis with a target of 4950 - 4990 - 5030 levels.

One can also short at 4900 levels with a Stop loss at 4920 on closing basis with a target of 4880 - 4865 - 4840 - 4820 - 4800 - 4785 levels.

One can also go long at 4790 levels with stop loss of 4780 levels for a target of 4720 - 4740 levels on the cards.

Treasure Hunt for the session can be : -

Buy Nifty at 4900 - 4905 - 4926 - 4939 - 4952 - 4974 - 4996 SL - 4885

Sell Nifty below 4882 - 4869 - 4856 - 4834 - 4812 - 4800 - 4786 SL - 4905

Dow Jones is trading in positive of about 10 points as of now but the SNP500 is not able to cross 1050 levels, thus we may see some correction if it doesn't cross 1050 levels, & if it crosses then a new all time high can be formed in the index and we may see some more upsides just during the expiry for the session.

IMPORTANT LEVELS TO WATCH OUT FOR ARE 4920 - 4950 - 4990 - 5030 LEVELS ON THE UPSIDE & ON THE DOWNSIDE 4880 - 4850 - 4820 - 4780 LEVELS.

Remember the lines we said in our previous articles,

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.

Check your self what we had said and what happened during the session.

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
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