Thursday, November 5, 2009

 Treasure Hunting Map ( Nifty ) - 6th Nov

Hello Pirates

Markets are getting volatile day by day, we are following global ques as well as the forex changes, the rally for dollar seems to be at a ending point, if this happens and dollar weakens we are heading towards a run for sure and we might try to hit a new high for the year, as deep correction seems to be at a halt but don't get after the markets as per this is a fight between the bulls and the bears and its likely to continue in coming sessions.

We are clearly following the global ques and expect good numbers in the coming quarter, we would like to cut it short and think about tomorrow instead of a long term trend for the market.

Treasure Hunting Map for Nifty : -

Buy Nifty above 4785 - 4824 - 4853 - 4883 - 4936 - 4990 - 5000 - 5020 SL - 4745

Sell below 4720 - 4688 - 4658 - 4605 - 4551 - 4522 - 4492 - 4450 - 4400 SL - 4760

Magic Levels for Long Side above 4857 - 4720 & Short Side below 4811 - 4674

Nifty again has a testing day for tomorrow, it has to cross 4850 levels for another attempt to touch 4920 - 4950 levels and close above 4955 levels would activate the bulls and the bears might be trapped for some time and we might attempt to make a new high for the year.

Keep eyes on 4850 - 4560 levels above or below these levels would decide the winner of the ring and the new fight would be started, earlier the bulls lost and bears won, lets hope for the bulls this time as per the impact of the bears was a big impact on the market and traders.

Expecting a mix session as per tomorrow is a Friday the last day for the session, trade less but wise is advised.

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
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