Wednesday, September 16, 2009

 Treasure Hunting Map ( Nifty )

Hi Friends,

Nifty is trading at its all time pecks & its flying in the SKY like a free bird is left open in the sky.

When ever the bird would feel thirsty after flying so much it would come down to drink water & bounce back, thus similar to nifty is taken a break out of the range & flying in the air, no one can guess which high levels it can make in the days coming, but yes, one thing is yet to be said, its behaved unexceptionally very well and better then expected, within no time the index showed sharp moves.

Treasure Hunting Map : -


Buy Nifty around 4966 - 4983 - 4994 - 5005 - 5021 - 5038 SL - 4953

Sell below 4948 - 4938 - 4928 - 4920 - 4911 - 4883 - 4872 SL - 4957

Nifty is flying in the air, which means there is no idle support for the market at higher levels, thus it is not reacting just taking the good air and flying in the air, but any bad news which would shake up the market & the correction which is due would come up soon, so be careful at higher levels & buy at dips, this may be not the right time to enter the market.

One must have heard of the newtons low, a thing which moves will move up only until one pulls it down, so when this some body is generated then the market may react & come down.

Dow Jones is trading in positive of about 100 points plus as of now but the SNP500 has crossed the 1050 level, remember what we had said as a warning if SNP500 crosses 1050 levels we can expect a rally which was seen yesterday also and today's session also a boost up has been seen in the index.

IMPORTANT LEVELS TO WATCH OUT FOR ARE 4920 - 4950 - 4990 - 5030 - 5060 LEVELS ON THE UPSIDE & ON THE DOWNSIDE 4880 - 4850 - 4820 - 4780 LEVELS.

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

No comments: