Treasure Hunting Map ( Nifty ) - 30th

Hello Pirates

As we had said the magic had to happen, the magic happened, King is King and the king would remain king for ever, despite the global markets crashing big, despite the dollar getting stronger, markets had to get to a recovery mood, and in the second session the magic was seen as the king started to recover the markets recovered with it, and we had also said to in the article that we would be positive for the session and we got to a positive note by recovering from lows and we saw a recovery of 80% from its lows.

Treasure Hunting Map for the session is as follows : -

Buy Nifty above 4955 for a target of 4970 - 5005 and above 5010 we can touch 5028 - 5072 and above 5080 we can touch 5116 - 5155 Stop Loss - 4925

Sell Nifty below 4900 for a target of 4874 - 4850 and below 4840 we can touch 4830 - 4775 and if we go below 4745 then 4719 - 4675 Stop Loss 0 4937

Magic Levels for Long Side above 5051 - 4887 and Short Side below 4996 - 4833

Nifty Resistance : - 4959 - 4978 - 4996 - 5050 - 5080 - 5122

Nifty Supports : - 4923 - 4905 - 4887 - 4832 - 4800 - 4725

Global ques are not in our favor and Dow Jones has also closed at a negative note but the closing is not that deep as compared to other global markets, we might open on a flat note and Asian markets would play a very important role for the session, but the key question and the eyes would be focused on Dollar Rupee opening, who wins the war there bears or bulls and the movements of the markets goes to whose hands would be decided there after.

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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