Treasure Hunting Map ( Nifty ) - 20th

Hello Pirates

Treasure Hunting Map for Nifty is as follows : -

A Doji has been formed on the charts, so the main thing to watch on the screen is the closing, it has to be above 5163 on the cards, if we are able to brake 5163, then we are heading to 5200 for sure, as of now we are in a bullish trend as and when we are above 5110 on the spot nifty.

Investors and money flow is still there is the market & the main point to watch out for tomorrow is the fight between the brothers, as of now Dow is also at its peak and trading in green that to around 10K levels, which is a positive trend for us.

As of now keep eyes on 5090 and 5165 levels, either of the two will decide the trend of the market and we might touch new highs or go for consolidation, but as of now Nifty is trading in side ways and one has to be careful with there trades as any side brake out would decide the new trend and levels for nifty, even global ques are a major factor, as Dow is at its peak, it may undergo some correction next month so book profits as you get is advisable and make fresh entries at dips only.

One can trade in the following levels for nifty : -

Buy Nifty above 5150 - 5160 - 5170 - 5185 - 5200 - 5211 - 5223 SL - 5135

Sell Nifty below 5118 - 5106 - 5095 - 5080 - 5065 - 5050 - 5020 SL - 5130

Magic levels for long side above 5171 - 5127 & Short Side below 5156 - 5113

Keep your ears open for any news between the brothers and keep a watch at Reliance Industries & RNRL, this fight may get over tomorrow or may get worse tomorrow, this is a answer which would be on screen tomorrow or may be we get another postpone.

Trade less but with right levels & right point of view & keep a strict stop loss in your trades so that you don't get trapped in the trades.

Do keep eyes on 5090 & 5165 on the cards for brake outs in coming sessions for the week

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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