Treasure Hunting Map ( Nifty )

Hello Pirates

After a long week of holiday, yet we are here with the empty bags to get hold of Treasure.

On Friday or we should say the whole weekend we say a unpredictable move in the market, despite of being over brought & RSI in the over brought zone, the market didn't got hold of any bears & bulls kept there area captured.

Be careful Pirates, after such a big move & dreams coming true, & no healthy correction being taken by the market, it may some fast moves & make a sharp move any time in the coming sessions, thus the upside in the market is limited & downside is more, as per the bears have now consolidated for an sharp attack on the bulls, & as the last time bulls attacked on the bears & took nifty to 5000 levels, now for more of up move, the bears have to attack & they will attack any time & we can test 4780 levels in the coming sessions.

As per the expiry is near, we might see the final touch of the bulls on the index & then the attack of the bears would be held & the bulls are already weakened thus a correction would come.

But mind it, if nifty is able to close above 5100 levels for two days, then the bears would have no choice, other wise if we brake 4780 levels, then we can test 4550 - 4380 levels also, some minor support for the bulls at 4880 levels, but lets see if we are able to bounce back or take a slip in red.

Profit booking is expected at high levels & fresh entries can be made only at dips, so wait for a healthy correction, & buying at dips would help you make great gains in the coming futures.

We are expecting the demand for gold to rise in the coming sessions, thus do keep open eyes on the volumes in the market, if they decrease then its not good for the market, but the sentiment is over all strong, & we are likely to see 6000+ levels very soon, but buy only at dips.

Crude oil is not able to take the rally as the other commodities like gold has taken, thus it means that before going to a high we are taking a correction & when crude gets back on track to 80$ + then only the bull run would take place, but get set to pack up & run out & make entries at low for massive gains.

Treasure Hunting Map is as follows : -


Buy nifty above 4978 - 4993 - 5002 - 5011 - 5027 - 5042 SL - 4965

Sell nifty below 4953 - 4945 - 4929 - 4913 - 4905 - 4896 SL - 4960

Its better to stay in cash for few days & watch out

These levels - 5011 - 5150 on the upside & downside 4980 - 4950 - 4880 - 4780 - 4550 - 4380 levels for the week end.

If a brake out above 5011 levels, then we can make fresh new highs & continuous close above 5150 will confirm a new bull run & a brake out below 4880 levels conterminously would confirm to test more lower levels & if we brake 4780 then a red market.

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

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