Treasure Hunting Map ( Nifty ) - 29th

Hello Pirates

Tomorrow is the day which is the last day for the month of October, as per tomorrow is the expiry for all the October contracts.

We are neutral for the up coming session, as per we had a volatile session for the day and reliance the king was the mover in the market, it recovered so as the market recovered, the markets were following its foot steps, we would suggest traders to trade less but they should trade wise, book profits as and when they get into profits and trade in small quantity and with strict stop loss.

Nifty has a strong support at 4770 levels, which when breached would lead to panic sell off , nifty would find resistance at 4880 - 4920 levels and close above 4920 would made the bulls take over the game for a relief rally, keep eyes on reliance industries, as per if it cross 2050 & close above 2080 levels, it could participate in the next relief & if 1980 is broken then we can sink big time.

Treasure Hunting Map : -


Buy Nifty above 4850 - 4867 - 4888 - 4908 - 4929 - 4950 SL - 4821

Sell Nifty below 4805 - 4784 - 4763 - 4742 - 4722 - 4701 SL - 4835

Magic Levels for Long Side above 4872 - 4803 & Short Side below 4849 - 4781

As said the King of the markets was holding and finding support at 1980 levels and in today's session we saw a bounce back to 2035+ levels on intra basis, but if the king is able to sustain above 2055 and close above 2080 for few days then a relief rally is expected in the market.

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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