Treasure Hunting Map ( Nifty ) - 28thToday's session has created a page in the books of history, a big crash has been seen after a long time, which indicated that the bears were recharged with full power and the crash proved there power also, bulls have been weakened for a time being.
Every one knows this fight between the bulls and bears had to show results one day, the bulls made a new high for the year 2009 and the bears created a page in the book of history showing us a big fall after many weeks.
If we see at the end of the day data,
Previous Close was 4970.90
Opening Bell was 4970.55
High for the day was 4970.55
Which clearly indicates that the ball was in the hand of the bears and markets had to show some surprises, we have been seeing this from many sessions, the opening and high was same and we saw a flat or a negative close.
Nifty is showing support at 4830 on the charts & the current PCR is at 0.94 which has decreased from its highs which indicates a neutral view for the up coming session, global markets are also trading flat, Europe has closed flat to positive and negative both, a mix trend, Dow is also trading in flat range in a positive range as of now, expect a gap up opening with a neutral session.
Treasure Hunting Map for Nifty : -
Buy Nifty above 4890 - 4908 - 4935 - 4979 - 5023 - 5049 - 5076 SL - 4872Sell Nifty below 4838 - 4800 - 4793 - 4767 - 4741 - 4697 - 4652 SL - 4855
Magic Levels for Long Side above 4924 - 4808 & Short Side below 4885 - 4769
Nifty Support at 4833 - 4807 - 4769 & Resistance at 4860 - 4885 - 4924
Nifty Support at 4833 - 4807 - 4769 & Resistance at 4860 - 4885 - 4924
The King of the market is holding its low at 1980 levels, if we see ant moves on the upside then we can expect some fresh buying at lower levels & a bounce back can be expected, we are neutral for the up coming session.
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 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
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