Treasure Hunting Map ( Nifty ) - 26th

Hello Pirates

Nifty has broken a major support level which was 5045 and closed below it, we were not able to sustain at highs and we saw profit booking at expiry, well the bad day is gone and a new day is yet to be started, nifty had been playing games with every one, but we had informed all that we would be closing in RED and expiry can be bad and the end of the day result was in front of you and our magic levels and magic words have proven themselves.

The game is not yet over, we had said to all and will again say this, that this can't be called a bull run nor a bear run, this is a fight between the bulls and the bears, bulls had been exhausted at higher levels and we saw the bears taking over the game for some time, but here also the winner is yet to be decided and the fight between the two is still on.

Nifty has a major support at 4980 - 4945 - 4910 levels, breaking and closing below 4900 levels would only announce the winner is bears and if we are able to close above 5155 levels then we can see more of upside and the announcement of the winner would be bulls.

Treasure Hunting Map for the Session : -

Buy Nifty above 5030 for target of 5061 - 5085 and above 5105 we can touch 5126 - 5166 - 5191 Stop Loss - 4995

Sell Nifty below 4980 for a target of 4955 - 4930 and below 4918 we can touch 4905 - 4865 - 4825 Stop Loss - 5008

Magic Levels for Long Side above 5077 - 4970 and Short Side below 5041 - 4934

Nifty Resistance : - 5017.50 - 5029.46 - 5041.40 - 5077.20 - 5085 - 5150

Nifty Support : - 4993 - 4981 - 4969 - 4933 - 4905 - 4898

Important Levels : - 5045 - 5080 - 4976 - 4745 - 4930 - 4912

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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