Treasure Hunting Map ( Nifty )So at the expiry we saw the bears getting fried up & the bulls taking over the session in the end, Reliance Industries was the major holder for the market, another heavy weight which was dragging the market down wards was Bharti Airtel, but due to short covering the stock was trading in Green, and we saw a positive close.
As expected & predicted we saw the control of the game in the hands of the bulls, & we had minted both sides both in green & red & in the end of the session our Report Card is trading in Green.
If we see at the charts, nifty is trading in over brought zone but the holdings have been reduced, all of a sudden the volumes have increased drastically, after a correction & global ques being in RED, we are closing in a Green note proves to show that we are bullish but the correction is due for a much bigger run.
Treasure Hunting Map is as follows : -
Buy Nifty above 4995 - 5002 - 5011 - 5034 - 5057 - 5081 SL - 4880
Sell Nifty below 4970 - 4956 - 4945 - 4921 - 4888 - 4856 SL - 4983
Well as the expiry is over, Dow is trading in RED as its also under going correction & following our trade marks as seen in the past sessions.
For the new series we can expect to see 5000 mark very soon & we can test new highs also which can be added in the books of history for the year 2009.
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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