Sunday, November 8, 2009

 Treasure Hunting Map ( Nifty ) - 9th

Hello Pirates

Our markets are fully reacting on global ques and in the last session also we saw the same, as we had warned in the last article that the markets are gonna be volatile and we are heading for a turbulence and expect some profit booking as per we are trading at the last day of the session.

For the week opening we opened at 4563.90 and the close on Friday was 4796.15, we have recovered from lows and seems that the markets are reacting very fast and moving fast, we would be having some correction which is said to be good for the markets and trading is gonna be more volatile in the coming sessions.

Treasure Hunting Map for the session is as follows : -

Buy Nifty above 4818 - 4833 - 4851 - 4870 - 4887 SL - 4782

Sell Nifty below 4773 - 4761 - 4744 - 4727 - 4709 SL - 4805

Magic Levels for Long Side above 4835 - 4777 & Short Side below 4816 - 4757

Nifty has to close above 4870 levels for 2 conservative to take some long positions for a target of 4920 - 4970 levels and above 4955 levels on closing basis can open the gates for the bulls to make an attempt to make a new high.....

We are neutral for the session and tomorrow we might see the bulls and bears fighting in the ring to get the ball in there court....

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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Yahoo User ID - moneybaghunt

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