Treasure Hunting Map ( Nifty ) - 30th

Hello Pirates

The Oct series are over and the Nov series have been started, if we look at the premium in the Nov Series, we would find a lot of build up in the premium, as we had said in our previous post, that the volatility index is gonna increase as per this is the expiry, we saw a gap down opening as per the global ques were not in our side & after a gap down of 80 points on SGX Nifty, after the market hours we saw some covering and we tried to touch in a positive zone on nifty, but in the later half when Europe opened we saw a bounce but after 2:40 Pm we saw some pressure at higher levels as per this was a expiring day and markets slipped from its tops.

If we see at the data : -

Nifty Previous close 4826.15

Nifty Opening 4826.10

Nifty High 4826.10

The above mentioned information are for Nifty Spot, this only had showed the direction of the market, if we had broken the high and sustained there then fresh buying could had been done for intra day basis, but we took the advantage of buying at dips and selling at high and selling and at and buying at dips, this strategy worked and we minted in tons both sides.

One has to keep there eyes and ears open to benefit from stock market.

Treasire Hunting Map for Nifty : -


Buy Nifty above 4780 - 4804 - 4832 - 4859 -4876 - 4892 - 4905 SL - 4755

Sell Nifty below 4744 - 4717 - 4700 - 4683 - 4656 - 4629 - 4600 SL - 4771

Magic Levels for Long Side above 4799 - 4726 & Short Side below 4775 - 4702

Tomorrow is the last day also for the weekend and as of now the global ques are indicating a positive opening, but the major concern to watched upon are the results impact of the king on the market, there are some bears in the results, which might have been discounted by the markets, but tomorrow is the first day of the beginning of the expiry, thus we would suggest investors to keep eyes on 4700 levels which when broken would lead to 4500 levels and if we sustain above 4850 levels then we can expect a bounce back till 4900 - 4930 levels and close above 4950 would make a boost to the bulls for a new move on the upside.

As of now for tomorrow we are neutral, expecting a boost up opening, lets see for the later half and keep eyes on the king, remember the support at 1980 levels, which when broken next support can be found only ay 1920 levels, so be careful and trade 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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