Treasure Hunting Map ( Nifty ) - 16thWe would like to wish you & your family Happy Dhanterash.
Dow Jones yesterday touched the 10K mark after 1 years time, after such a brake out in dow, our markets reacted very positive & we opened at a gap up note, Sgx Nifty was up with more then 30 points in the opening bell.
After the opening bell the markets reacted to Asian markets in a positive way & was trading at its high levels, Reliance the king of the market was also holding its supports & it had made an high of 2220 levels also, after making these highs the stock slipped a bit and the range bound situation was again seen on the screen, after the inflation rates arriving on the screen the markets showed some movements & in the later half we saw some positiveness
To cut it short, the Treasure Hunting Map for the coming session can be : -
Buy Nifty above 5130 - 5148 - 5168 - 5187 - 5205 - 5223 SL - 5105
Sell Nifty below 5092 - 5073 - 5055 - 5037 - 5017 - 4998 SL - 5110
Volatility index is at its peak & in today's session we faced a heavy sell off on the screen & that to with volumes, reliance is back on track for a correction on the down side as the range bound situation from 2230 to 2080 levels are being faced on the screen in the past sessions.
Nifty is having a strong support at 5100 - 5080 - 5050 - 5009 levels & one has to keep a stop loss in there trades as per the markets are very volatile and we are targeting nifty at 5200 levels as and when it is able to sustain above levels on closing basis & above 5160 close we can touch a new high for the year 2009.
Markets are following the global ques and if the global ques & the king is able to help & boost up the index, we can see much higher levels in the days to come.
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
After the opening bell the markets reacted to Asian markets in a positive way & was trading at its high levels, Reliance the king of the market was also holding its supports & it had made an high of 2220 levels also, after making these highs the stock slipped a bit and the range bound situation was again seen on the screen, after the inflation rates arriving on the screen the markets showed some movements & in the later half we saw some positiveness
To cut it short, the Treasure Hunting Map for the coming session can be : -
Buy Nifty above 5130 - 5148 - 5168 - 5187 - 5205 - 5223 SL - 5105
Sell Nifty below 5092 - 5073 - 5055 - 5037 - 5017 - 4998 SL - 5110
Magic levels to for long side above 5150 - 5088 & short side below 5130 - 5068
Volatility index is at its peak & in today's session we faced a heavy sell off on the screen & that to with volumes, reliance is back on track for a correction on the down side as the range bound situation from 2230 to 2080 levels are being faced on the screen in the past sessions.
Nifty is having a strong support at 5100 - 5080 - 5050 - 5009 levels & one has to keep a stop loss in there trades as per the markets are very volatile and we are targeting nifty at 5200 levels as and when it is able to sustain above levels on closing basis & above 5160 close we can touch a new high for the year 2009.
Markets are following the global ques and if the global ques & the king is able to help & boost up the index, we can see much higher levels in the days to come.
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
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