Treasure Hunting Map ( Nifty ) - 9th

Hello Pirates

What an volatile session we had for the day, the index is showing very impressive moves & unpredictable moves, the traders who had shorted were also trapped & the traders who would long in the market they also got trap in the end of the session.

Being opened with a positive note in the opening bell, as the good news from the KING of the market, Reliance Industries on the opening bell only made an high of 2200+ levels & then from the old levels it started sliding holding there supports, but the stock then slowly slowly cracked more & cracked in such a way that it made the Index fall with it in the end of the session, being Europe opened in the green note, the Index went to negative & all of a sudden there was a fall from its highs.

The bulls & bears are at a continuous fight, no one is being the winner but the bear is hammering the bull & the bull is hammering the bear, this means that the day is not far when the winner would be decided.

In today's session we have closed in discount & the spot index is ahead of future index, which means that in the end of the session traders have taken a short sell on the index & being global markets out performing in the world, the major decider for the index will be Reliance Industries & its friend which is Infosys, yes Infosys is coming up with there results, we are expecting no excitement like old days, as per the big surprise is poped out from the bags, we are expecting a surprise from Infosys but the excitement is over now.

Stay in Cash if you have profits we may be facing a TURBULENCE, as per the rally ahead wont be as simple as it looks, many bumpers ahead & many bumpy roads, so don't get stuck any where, just follow the levels not the trend of the market as per the trend of the market is not clear yet & no one accept time can decide upon the TREND accept or golden friend - TIME.

Treasure Hunting Map : -


Buy Nifty above 5022 - 5039 - 5058 - 5079 - 5093 - 5110 SL - 5005

Sell Nifty below 4980 - 4968 - 4951 - 4934 - 4915 - 4897 SL - 5009

Magic Levels : - Long Brake out above 5041 - 5022 & Short Brake out below 4983 - 4963

As we had said in our previous article that the session is gonna be very volatile, thus we are expecting the same for this session also, all the commodities are at there peaks, Gold has made an all time new high for the year 2009, crude oil has not broken but holding its high levels & most of all the Dollar VS Rupee fight is being won by the bulls, Dollar has been cracking continuously from the past few sessions, which has made gold jump to its new pecks, thus this Diwali who ever had been into commodities must have gained in tons, as this is a Festival season we may witness more of volatile sessions & this fight between the bulls & bears are likely to continue, but do keep eyes on the magic levels & nifty braking the range, below 4900 or above 5080 would open new gates & the winner would be decided between the bulls & the bears, so do keep your eagle eyes on the Magic Levels & trade with less quantity & strict stop loss.

Tomorrow may be a session which is gonna be heavy on us but a golden chance to a bigger but the golden bag should be taken only when the signal is for a golden bag, other wise the golden bag which we took today can be a multi bager, so trade wisely.

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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