Tuesday, November 17, 2009

 Treasure Hunting Map ( Nifty ) - 18 th

Hello Friends

As we had said in our previous article nifty would have to consolidate at lower levels and fill the gap which was created at the time of the opening bell yesterday and thus we filled those gaps and went back on track and gave a flat close....

Well for the session we had to see some negativity which we say and our prediction to fill the gaps also proved to be right, now for the coming session which is tomorrow nifty can open at a positive note and we are neutral for tomorrows session but the trend still remains positive as per markets trend and indicators are showing bullishness, but there is a fight between the bulls and the bears and there is a last chance for the bears at 5125 levels, if tomorrow bears are able to cross these levels then we can expect an jump in nifty to 5160 levels and the bulls are so much charged that we can make an attempt for a new high also...

We would cut it short and levels to watch out for tomorrow are : -

Nifty levels to watch out for 5050 - 4980 for bears and 5080 and 5125 in the favor of the bulls either side brake out would lead to the winner of the round and we might attempt some fast moves also.....

Treasure Huting Map for the session as follows : -

Buy Nifty above 5075 - 5087 - 5100 -5112 - 5131 - 5151 SL - 5055

Sell Nifty below 5036 - 5023 - 5004 - 4984 - 4972 - 4959 SL - 5065

Magic Levels for Long Side above 5097 - 5045 and Short Side below 5080 - 5027

Nifty Resistance : - 5068 - 5073 - 5079 - 5097 - 5116

Nifty Support : - 5056 - 5050 - 5044 - 5027 - 4988

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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