Treasure Hunting Map ( Nifty ) - 26thAfter the weekend is over, we are back at track for another hunt & a good news or a bad news, SEBI is planning to extend time now for trading sessions from 9 am to 5 pm, now traders have to get up early for trades.
Last week we saw lots of hammers and bears taking over the bulls, the fight between the two was massive, the sufferers were the investors who had invested for short term and intra day players also got trap by there wrong moves.
Technically is we see, the Put call Ratio is at 1.26 & last close for nifty was above 4980 and finally closed at 4997 levels, but the support has been broken, so tomorrows closing would decide further trend of markets, Reliance Industries the King of markets, is dragging the markets down with it, which is a bad sign for markets.
But dont forget that Nifty has supports at 4980 - 4950 - 4920 levels and upon braking 4900 level on closing basis we can see a panic sell of and the ball in the court of the bears, but as we have seen, Nifty is trading in range bound situation, 4920 and 5150 are the levels, which it is trading in for a long time.
The RSI is at 53.68 & MACD is at 154.34, which shows that from over brought zone we are entering into over sold zone, but as of now we are standing in between the two, so in coming sessions, nifty is in the middle of the war & the time would be the decider to show surprises.
Treasure Hunting Map for Nifty : -
Buy Nifty above 5026 - 5040 - 5061 - 5083 - 5097 - 5111 SL - 4990
Sell Nifty below 4972 - 4054 - 4940 - 4918 - 4896 - 4880 SL - 5002
Magic Levels for Long side above 5036 - 4977 and Short side below 5017 - 4958
Nifty has supports at 4961 - 4936 & Resistance ( Power ) at 5032 - 5079
Nifty has supports at 4961 - 4936 & Resistance ( Power ) at 5032 - 5079
We would suggest traders to trade less and with strict stop loss.
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
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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