Tuesday, September 22, 2009

 Treasure Hunting Map ( Nifty )

Hello Friends

Well yet again a new page has been written in the books of history for the market today, we have finally given a close at 5000+ levels & made all time new highs, after a long time we have finally closed at a 5000 bull mark.

Expiry is at head, it feels that the bulls are likely to take over the expiry for the month, nifty is trying to head new highs & flying in an over brought situation, we are today providing to charts which are very informative & easy to understand, before we go ahead & touch 6000+ marks, we have to take a correction, which can be seen any time in the market.

Global ques as of now are in our favor, Diwali Festival is ahead & we might move at the high levels during the festival season, but warnings are still there, its not a bull run & bears are likely to attack back soon.

Check this out, if history is REPEATED then what will happen or if a new history is being created then more skys high yet to see.


Hunting Map for the session can be : -

Buy Nifty above 5028 - 5045 - 5057 - 5070 - 5087 - 5104 SL - 5015

Sell Nifty below 4998 - 4986 - 4969 - 4952 - 4939 - 4926 SL - 5011

Remember what we had said for the week end : -

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

Nifty crossed 5011 levels & made new highs, now if nifty trades at 4980 or below that for more than 20 minutes then expect a free fall till 4880 or may be 4800 levels also which can be a bear attack on the bulls, so keep your eyes open.

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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Yahoo User ID - moneybaghunt

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