Treasure Hunting Map ( Nifty ) - 7th Dec

HELLO PIRATES

NIFTY HAS FORMED A DOJI ON THE CHARTS SINCE THE PAST 3 SESSIONS, WHICH SHOWS THAT NIFTY IS CONSOLIDATING AT CURRENT LEVELS AND TRADING IN A RANGE BOUND SITUATION, EITHER SIDE BRAKE OUT WOULD LEAD TO A A MOVE AND THE WINNER OF THE ROUND.

NIFTY HAS A STRONG SUPPORT AROUND 5068 LEVELS AND FACING A HURDLE AT 5195 - 5180 LEVELS, NIFTY IS STRONG ABOVE 5135 LEVELS, NIFTY NEEDS TO CLOSE ABOVE 5180 LEVELS FOR THE NEXT RALLY OF 100+ POINTS ON THE CARDS, THUS THIS WEEK IS A VERY CRUCIAL WEEK AND WE WOULD SEE HIGH VOLATILITY.

IF NIFTY BRAKES DOWN 5065 WE WOULD SEE PANIC SELL OFF AND WE CAN EXPECT 4980 ALSO POSSIBLE ON THE CARDS, AND IF WE BRAKE 5195 THEN WE WOULD SEE PANIC SHORT COVERING AND WE WOULD SEE 5230+ LEVELS ON THE CARDS.

TREASURE HUNTING MAP FOR THE SESSION IS AS FOLLOWS : -

Buy Nifty above 5118 for a target of 5135 - 5155 and above 5160 can touch 5175 - 5197 +
STOP LOSS - 5095

Sell below 5085 for a target of 5073 - 5055 and below 5045 can touch 5037 - 5015 -
STOP LOSS - 5112

MAGIC LEVELS FOR LONG SIDE ABOVE 5153 - 5087 AND SHORT SIDE BELOW 5131 - 5065

NIFTY RESISTANCE : - 5116 - 5123 - 5130 - 5152 - 5195

NIFTY SUPPORTS : - 5101 - 5094 - 5085 - 5064 - 5035

IMPORTANT LEVELS FOR THE WEEK

5085 - 5120 - 5145 - 5180 - 5195 - 5265 - 5320

5065 - 5045 - 5000 - 4975 - 4945 - 4920 - 4875

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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