Treasure Hunting Map ( Nifty ) - 3 NovNifty showed a lot of surprises for the week closing and massive sell of has been seen with volumes in the previous sessions we saw....
If we look at the data for the last session : -
Previous Close - 4750.55
Opening Bell - 4751.10
We have been getting to know this magic figures for many sessions and they have also shown there wonders, despite of Dow rally and Asian markets trading in green, we saw a fall of more then 300 points if we see from high to fall in Sensex and in the case of nifty more then 100 points were slipped in a blink of an eye and the major support at 4700 was broken.
Nifty is trading in over sold zone and is bearish, but this is a healthy correction for the market and a bounce back is expected soon, we are back at the levels which we use to trade few months back, after along time we have seen 4700 levels, we also remember all had said that 4700 has come and we are gonna see some deeper correction and what happen we made new highs for the year and all missed the rally, so investors can start investing in small quantities at every dip and sell in the rally which is gonna arrive.
Treasure Hunting Map for Nifty : -
Buy Nifty above 4740 - 4782 - 4814 - 4835 - 4865 - 4917 - 4948 - 4980 SL - 4715
Sell Nifty below 4700 - 4680 - 4648 - 4616 - 4584 - 4533 - 4482 - 4444 SL - 4728
Magic Levels for Long Side above 4803 - 4666 & Short Side below 4757 - 4620
Nifty has a testing day again for tomorrows session, keep eyes on the previous close value, opening value and the high low value, they are clear indicators for the market trend, expect a gap up opening as per the global markets are trading in green after a deep correction seen in the sessions and in the later half and the closing would be a note to decide upon, expecting a RED close so be careful in your trades, we would be making a new low as compared to the previous low so trade with strict stop loss.
Nifty has to close above 4820 levels to see some bounce back or we might see 4650 levels before a bounce back as per short cannot be taken at these levels which is quite risky, so big players would like to invest at a dip.
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
http://twitter.com/moneybaghunt
Yahoo User ID - moneybaghunt
Nifty has to close above 4820 levels to see some bounce back or we might see 4650 levels before a bounce back as per short cannot be taken at these levels which is quite risky, so big players would like to invest at a dip.
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
http://twitter.com/moneybaghunt
Yahoo User ID - moneybaghunt
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