Treasure Hunting Map ( NIFTY ) - 25th

Hello Pirates

Yet again we were right at every point of ours and markets solute our magic words, as we had said that major levels for nifty are 5080 - 5050 and 5125 - 5110 all the levels were showing there magic and the fight between the bears and the bulls were in between these levels only.

After 2 conservative days we had witnessed some profit booking at higher levels which proves that we have to cross 5125 and close above these levels for continuous days to confirm the trend is positive.

Nifty for the session has closed at a discount note and nifty spot was able to sustain above 5080 levels and finally closed at 5090 levels, but if we look at the futures, they have closed at a discount and below 5080 levels.

If we look at the present situation Dow jones have been trading in red and europe also closed at a flat note as we had closed at a flat note, so we are expecting dow to close at a negative to flat note.

Gold has been making new highs and yesterdays session Dow Jones had made a new high for the year 2009, every one is waiting for that day when we are at a new high for the year 2009, as per the last time we had made a new high a fall was seen in the index, thus hope all are not waiting for a fresh high to be on he safer side and to go short in the index for a jackpot.

Treasure Hunting Map for the Session is as follows :-

Buy Nifty above 5085 for a target of 5101 - 5115 and above 5118 we can see 5130 - 5144 - 5161 - 5170 SL - 5053

Sell Nifty below 5045 for a target of 5026 - 5012 and below 5000 we can see 4985 - 4975 - 4960 - 4950 SL - 5078

Magic Levels for Long Side above 5123 - 5074 & Sell below 5107 - 5058

Nifty Resistance : - 5095 - 5101 - 5106 - 5123 - 5146

Nifty Supports : - 5085 - 5079 - 5074 - 5057 - 5027

Major levels to watch out for the session are 5050 - 5080 & 5115 - 5128

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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