Treasure Hunting Map ( Nifty )

Hello Pirates

Well after many session the bears showed there moves which is a clear indicator for the coming weeks, but the bulls have not yet given up, the bulls took support at 4950 levels & it didn't trade below those levels thus a bounce back to 5000 levels can be expected in the up coming expiry which is tomorrow.

The break out has been seen on the lower side but the trend of the market is intact & a healthy correction is also expected to be good for the market to take the next run.

Treasure Hunting Map

Buy Nifty above 4985 - 5000 - 5014 - 5037 - 5059 SL - 4970

Sell Nifty below 4963 - 4950 - 4941 - 4926 - 4912 SL - 4975

Tomorrow is the day which is named as EXPIRY, expiry in terms of dictionary, you know but for whom will be the expiry be, is it the bulls getting expired tomorrow or the bears going to get fried & expired.

Remember our levels for the week end : -

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

The support for nifty is at 4950 levels & the strong move can be at 5011 levels, & now for the next up move nifty has to close above 5050 levels & a close below 4950 levels would lead us to a minor support level at 4880 levels but that can be breached & we can test 4780 levels, for more check out the pin points on the CHART.

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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