Wednesday, November 11, 2009

 Treasure Hunting Map ( Nifty ) - 11th

Hello Pirates

Tomorrow the sentiment of the market are completely dependent on Asian Markets and the closing would be dependent upon Dow futures and the opening bell of European markets, all are suggested to trade cautious and with strict stop loss, session are gonna get more volatile int he coming weeks and this expiry we are gonna have a fight between the bulls and the bears....

Treasure Hunting Map for the session : -

Buy Nifty above 4905 - 4914 - 4932 - 4958 - 4984 - 5002 - 5020 SL - 4883

Sell Nifty below 4870 - 4845 - 4927 - 4808 - 4783 - 4757 - 4720 SL - 4897

Magic Levels for Long Side above 4930 - 4858 & Short Side below 4906 - 4834

Nifty Resistance : - 4889 - 4897 - 4905 - 4929
Nifty Support : - 4873 - 4865 - 4857 - 4833

As we had said in our previous post that a major hurdle is there in nifty at 4930 levels and see the results in todays session we saw some profit booked at these levels and nifty slipped another 50 points atleast from my levels, hope all took advantage of the hurdle....

Nifty has to cross and close above 4930 levels for a attempt of 5050 levels and breaking 5050 levels can only make an attempt to make a new high for the year 2009, we have been saying this again and again and make a note this time don't miss jackpots......

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
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