Treasure Hunting Map ( Nifty ) - 9th Dec

Hello Pirates

What a operator based session we had today, simply unpredictable, and most of the bears were just trapped in the web and locked in the jail for some time, the bears are very angry and bulls were charged for todays session and thus the result was in front of you.

If we look at the data then we would find the the opening and the low for todays session was the same thus the result was we didnt make a new low for the day but we kept on making new highs for the day.

For tomorrows session 5185 is a very important hurdle which was to be crosses and on the down side if we brake 5145 then we would see the bears braking the gates and attacking on the bulls with full force and breaking 5060 on cards would lead to a panic sell of which can lead to 5045 and below 5045 the bears full charge and bulls would be trapped for some time.

On the other hand if 5185 is crossed with volumes then we are heading to a new high for the year and this can be a flase brake out so dont buy blindly just, if we give a weekly close above 5200 then only we can see a new run for the month of december.

Disinvestment schemes are around the corner so government would run the markets and thus be careful at highs as per longs can be trapped as the govt can declare some news next month which can be a hammer on the markets, thats a later half, we have to focus on tomorrows session.

Treasure Hunting Map for the session is as follows : -

Buy Nifty above 5150 for a target of 5180 - 5197 and above 5200 can touch 5213++
Stop Loss - 5125

Sell Nifty below 5110 for a target of 5103 - 5087 and below 5075 can touch 5056 --
Stop Loss - 5140

Magic Levels for Long Side above 5199 - 5122 and Short Side below 5174 - 5096

Nifty Resistance : - 5156 - 5165 - 5173 - 5199 - 5220

Nifty Support : - 5139 - 5130 - 5122 - 5096 - 5033

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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