Treasure Hunting Map ( Nifty ) - 12th

Hello Pirates

A happy weekend after all, a new weekend had started & a new Treasure Hunting has began, on the closing note of Friday, we saw a a massive fall of more than 200 points on the sensex & nifty was also dragged by the bear attacks.

Being on the positive note, opening at a gap up note, but nifty was not able to sustain in the hands of the bulls are gave a massive fall & was continuously trading in discount which clearly indicated that shorts were created by investors at high levels.

As of now hang sang is trading around 50 points in red, SGX Nifty is about 2 points up, so there is no clear indication as of now were we are gonna head to, dollar is back on track & its now in the hands of the bulls after being in the hands of the bears for the past few sessions.

Treasure Hunting Strategy for 12th October can be as follows : -

Buy Nifty above 4955 - 4970 - 4988 - 5007 - 5037 - 5068 - 5086 SL - 4930

Sell Nifty below 4935 - 4908 - 4890 - 4872 - 4841 - 4810 - 4770 SL - 4950

Magic Levels : - Long brake out above 4918 - 5000 & Short brake out below 4972 - 4891

Pirates are warned that the volumes have been drastic & the King of the market is loosing its position so be careful at high levels & one has to be cautious also, don't trade with huge volumes & do follow strict stop loss, stop hunting the trend which is not clear at all, just follow the levels & you you be bullish in the market on your portfolio basis.

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
Yahoo User ID - moneybaghunt