Treasure Hunting Map (Nifty) - 4th Dec

HELLO PIRATES

NIFTY SEEMS TO BE CONSOLIDATING IN A RANGE BOUND SITUATION, NIFTY HAS SUPPORT AT 5100 LEVELS AND ON THE UP SIDE PROFIT BOOKING WAS SEEN AT 5185 - 5190 LEVELS, MARKETS HAVE TO CROSS 5208 WITH VOLUME AND THAT TO FOR 2 CONSERVATIVE DAYS FOR MORE UPSIDE TO HAPPEN.

ON THE LOVER SIDE A CLOSE BELOW 5085 LEVELS WOULD LEAD TO A BEARISH TREND AND MARKETS MAY GO FOR A HEALTHY CORRECTION, AS OF NOW WE ARE AT A RANGE BOUND SITUATION AND EXPECTING NIFTY TO TRADE IN A VOLATILE ZONE FOR COMING SESSIONS.

THE RIDE WONT BE EASY, AS WE HAD SAID WE WOULD BE JUMPING FROM BULLS TO BEARS FOR THE SESSION AND IN THE SECOND HALF THE JUMP WAS SEEN, NOW SEEMS THAT THE BULLS WOULD AGAIN TAKE OVER THE BEARS FOR TOMORROWS SESSION, THIS RANGE BOUND SITUATION IS NOT ABLE TO ANNOUNCE THE WINNER OF THE ROUND.

TREASURE HUNTING MAP FOR THE SESSION IS AS FOLLOWS : -

BUY NIFTY ABOVE 5140 FOR A TARGET 5156 - 5172 AND ABOVE 5182 CAN TOUCH 5193 - 5214 - 5230
STOP LOSS - 5120

SELL NIFTY BELOW 5115 FOR A TARGET OF 5119 - 5098 AND BELOW 5090 CAN TOUCH 5081 - 5065
STOP LOSS - 5138

MAGIC LEVELS FOR LONG SIDE ABOVE 5173 - 5111 AND SHORT SIDE BELOW 5152 - 5091

NIFTY RESISTANCE : - 5138 - 5145 -5152 - 5172 - 5212

NIFTY SUPPORTS : - 5124 - 5118 - 5111 - 5090 - 5063

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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