Treasure Hunting Map ( Nifty ) - 27th

Hello Pirates

The opening and the previous close was almost same if we see the data :

Previous Close - 4997.05

Opening Today - 4997.15

A flat close was expected, and nifty again had made attempts to touch 5050 levels, but it could only make an high of 5033.75 on spot.

At high levels the King started slipping and as the king ( Reliance Industries ) Slipped, it dragged the whole market with it, we opened on a flat note, but in the later half we saw some momentum and attempts by bulls to take over the game, but in the second half when the European markets opened there gates, the bears took over the field and the fight began, and as the European markets were attacked by the bears, our bears also got the power to attack on the bulls & as it slipped the markets also slipped and the king gave it a hand to drag it down, so in the end, there was no support and bulls left and markets crashed and closed FLAT.

Nifty has been trading side ways, it has a support at 4950 levels on the downside, for the upside markets has to cross 5055 levels to make an attempt for 5100 levels.

Currently if we have a look at the European & American markets, Europe has closed in red & Dow was at a positive note of 94 points, but on a blink of an eye the markets are trading at 82 points in negative, a twist in the movements.

Expecting a gap down opening in tomorrow session, but we are heading towards expiry, the king also has support at 2000 levels, which when broken would create a panic sell off, Nifty has a strong support at 4900 levels.

Treasure Hunting on Nifty : -


Buy Nifty above 5003 - 5013 - 5038 - 5061 - 5074 - 5088 SL - 4973

Sell Nifty below 4957 - 4945 - 4930 - 4918 - 4900 - 4893 SL - 4982

Magic Levels for Long Side above 5011 - 4951 & Short Side below 4991 - 4931

Nifty Supports at 4934 - 4911 & Resistance at 5007 - 5056 levels

Keep close eyes on King, we are gonna see some surprises, if it brakes 1990 on closing basis can be said as a weak stock, and a close above 2065 levels can make it recover back on track, same for nifty, if its able to cross 5035 and 5050 levels, then we are attempting to try out 5100 levels and of we brake 4916 and 4900 levels on closing basis, then the game is in the hand of the bears, longs should be kept in pockets with a stop loss at 4900 on closing basis.

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

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