Treasure Hunting Map ( Nifty ) - 4th Nov

Hello Pirates

Nifty has been seeing in the hands of the bears for many sessions, it took no time to fall from it highs as compared to the time taken to touch and make new highs for the year, this shows how hungry the bears are and the bulls need to recharge more to gain over the bears and make a new high for the year.

If we look at the position now, nifty was in over brought situation and all of a sudden now the situation is over sold, heavily over brought to heavily over sold zone, so a bounce back is expected but the weakness for tomorrows session is still intact, tomorrow the ball in the court of the bears and we are expecting a gap down and a session which would be a red session but the bulls might fight back badly and take over the game, lets see, the volatility would be at its peak tomorrow, so be careful.

If we look at the data today,

The Previous close - 4711.70

The Opening bell - 4712.25

This had also given a warning that the markets are gonna show some surprises and we are warning again and again to show the data, a data itself tells many things....

Treasure Hunting Map for Nifty : -

Buy Nifty above 4615 - 4646 - 4683 - 4742 - 4802 - 4838 - 4874 SL - 4585

Sell Nifty below 4550 - 4520 - 4490 - 4455 - 4420 - 4390 - 4360 SL - 4590

Magic Levels for Long Side above 4669 - 4511 & Short Side below 4617 - 4459

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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