Treasure Hunting Map ( Nifty & Bank Nifty ) - 5 Oct

Hello Pirates

Hope all are enjoying the Holiday season.

We are all set for another hunt for the week end, do you know what a day we missed, Friday was a day when we would have tanked big, Dow Jones had crashed on Thursday like any thing, thus the opening bell for sgx nifty on Friday was a doom, we were more than 80 points - at the opening bell only, if that day was not a holiday then we would have been doomed that day all the longs would had been trapped & shorts were not prepared for it, phew we are safe, the twist has not come yet, the flow of the air should be one way until we touch the peck of the mountain, then we would see the later half to come ---- :).

Well seems that the bears are enjoying the holidays & the bulls are at work during the working days, thats a bad deal, the bears are relaxing & the bulls are exhausting, its seems that the fox is running so fast that the exhaustion can take place any time & the bears are relaxing & getting recharged for an attack.

The coming week is a crucial week, the new moves & the direction of the wind would be adjusted in this week, Monday would be the day to decide the direction, if we close above 5080 & above 5090 then we can expect a big boom in the market till 5130 levels & much higher, but on the lower side if we brake & take some correction as the global markets had taken, then the key level would be 4980 if that brakes then a major concern to think upon, but yes, the closing would be the major decider for the week.

As of now we are neutral for Monday, the final bell would decide the next move thus a major day is Monday.

Treasure Hunting Map for the week : -

NIFTY

Buy Nifty above 5086 - 5096 - 5110 - 5123 - 5137 - 5150 - 5163 SL - 5073

Sell Nifty below 5063 - 5056 - 5043 - 5030 - 5016 - 5003 - 4990 SL - 5080

If we open on a gap up or gap down then follow these trades : -

Buy Nifty above 5105 - 5122 - 5130 - 5143 - 5163 - 5184 - 5196 SL - 5085

Sell Nifty below 5050 - 5024 - 5010 - 5003 - 4985 - 4970 - 4950 SL - 5073

BANK NIFTY

Buy bank nifty above 8886 - 8919 - 8948 - 8978 - 9011 - 9044 SL - 8865

Sell bank nifty below 8836 - 8824 - 8794 - 8761 - 8728 - 8699 SL - 8855

The levels to watch out for the week are 5145 - 5090 - 5020 - 500 - 4980 - 4950 - 4920 - 4900 are the levels to have eagle eyes on

The coming week is a crucial week, any side brake out would decide the direction of the wind, so longs & shorts to be created with crucial points in mind, one may also get trapped at any points.

A clear bull run is still not set so trade carefully in the market as per many traps have been set.

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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