Treasure Hunting Map ( Nifty ) - 21st

Hello Pirates

In today's session the volatility index was at its peck, nifty showed some fast moves and so fast that it was not easy to catch the right level at the right time. After a buying session, we saw a selling pressure at higher levels.....

Nifty seems to be witnessing profit booking around 5150 levels, so this level would be acting as to be the weaker side for bears, and on the lower side 5190 on spot is showing some support for the bulls, which once broken may weaken the bulls......

The fight between the bulls and bears are circling rounds after rounds, and a fight has been started between the Ambani Brothers, in todays session we saw that the Reliance Industries which is the king of the market slipped from its pecks and heavy sell off was seen in the session.

One has to be careful now at current levels, fresh entries can be made above 5180 levels on nifty which would open cards for 5250 levels on the cards, till then the range bound situation would continue the fight between the bulls and the bears......

Treasure Hunting Map for Nifty : -


Buy Nifty above 5136 - 5148 - 5163 - 5187 - 5212 SL - 5109

Sell Nifty below 5110 - 5100 - 5090 - 5084 - 5077 SL - 5129

& If we open in gap down note then

Sell Nifty below 5090 - 5084 - 5068 - 5053 - 5029 SL - 5115

Magic Levels for Long Side above 5158 - 5093 & Short Side Below 5136 - 5071

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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