Monday, November 16, 2009

 Treasure Hunting Map ( Nifty ) - 17th

Hello Pirates

Important levels to watch out for nifty on the higher side are 5125 levels, a top formation is formed at current levels which have to be broken and closed above for a attempt to make 5250 levels by expiry or by next month before a correction takes place, if we look at the data in today's session we had seen that the opening bell and the low for spot nifty was the same and thus nifty was able to hold its levels from its highs....

Reliance industries was not a major participant in the run for whole day session and all of a sudden the king of markets moved and made few highs and made an attempt to move higher but was not able to do so as per time was limited.....

Treasure Hunting Map for the session as follows : -

Buy above 5065 - 5089 - 5105 - 5120 - 5144 - 5168 SL - 5043

Sell below 5030 - 5010 - 4986 - 4962 - 4946 - 4931 SL - 5055

Magic Levels for a long side above 5102 - 5036 & Short Side below 5080 -5014

Nifty Resistance : - 5065 - 5072 - 5101 - 5125

Nifty Supports : - 5050 - 5043 - 5036 - 5018

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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