Treasure Hunting Map 1st Feb 2010

Hello Pirates

So the new beginning of the series has started and there is lots of premium to be eaten up if we look at the options data and no wonders the puts have a lot of potentials which can be eaten up and the calls are trading at a dull rate.

Nifty expiry during the jan series has been a history creator yet again and the eclipse and the 21st and 22nd jan bearish moves have proven the impact and once again the history books have been filled by the surprise moves.

Nifty Important Level for the Week – 4890 (Futures)

Nifty Bulls hands above 4798

Nifty bears hands below 4952

Nifty long brake out 5030

Nifty Short Brake out 4721

All the above information is for a week

Nifty Important Level for the session –

4841

Nifty can touch

4882 - 4924 - 4948 - 4973 - 5014

Or

4816 - 4792 - 4750 - 4709 - 4684

Short Brake out 4803

Long Brake out 4948

Bulls above 4839

Bears below 4912

Pre Market Call

Nifty buy above 4886.65 target 4898 - 4910 - 4921

SL 4863

Nifty Sell below 4863.37 target 4851 - 4840 - 4828

SL - 4886

Markets weak below 4757 target 4734 - 4722 - 4711

SL 4780

All the above information is for the session

Continuously for 5 trading sessions we had seen a fall in the market and for the last 2 days of the session we some some buying at the lower levels, will FEB series be new wonders in the books of stock market and is there a SURPRISE FOR ALL.....

The volumes during the crash and volumes in buying interest have been high, nifty has been consolidating at dips, would there be a NEW HIGH or a new LOW ???

The key to the Lock will be 1st Feb 2010

We would like to wish all the Pirates a very all the BEST.

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Treasure Hunting Map 27th Jan 2010

Hello Pirates

Happy Republic Day to All - Jai Hind - We are Proud to be a part of such a wonderful country named INDIA

A holiday for all and a black day in the stock market was missed which would had been a happy session for the bears, if we look at the SGX nifty for the session the opening was at 4852 high 4929 and low 4850.

The bears had a big band open for all which one may had never wished of, but we never know would this happen tomorrow, keep your fingers crossed and wish luck that we dont brake down below 4930 levels which is the strong chance for bulls to come back and take an attempt for a new high.

Important Level for the session -
5002

Nifty Can try to touch

5015 - 5029 - 5047 - 5065 - 5078

or

4984 - 4966 - 4952 - 4939 - 4921

Nifty Strong above 5027

&

Bears hands below 4958

Pre Market Call

Buy above 5003 target 5015 - 5027 - 5039 SL - 4980

or

Sell below 4980 target 4968 - 4956 - 4944 - 4933 SL - 5003

This is the 5th day of the correction wave, what an big pull back by the bears, will there is more session in the hands of the bears and the expiry is near, can we see the expiry in the hands of the bears, monday was a bear bull fight and the volumes were very low and 26th Jan was a holiday.....

The key to the Lock will be 27th Jan 2010

We would like to wish all the Pirates all the best.

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Commodities 25th Jan 2010

Hello Pirates

The commodities calls for the session are as follows : -

GOLD - JAN

High 16670 Low 16624 Cmp 16643

Buy gold above 16664 target 16686 - 16707 - 16729
SL 16621


Sell below 16621 target 16600 - 16578 -
16557
SL 16664


Time : - 3:45 PM
Target by 11 pm

Treasure Hunting Map 25th Jan 2010

Hello Pirates

Nifty has performed as per the predictions we had in mind and yet once again it has punished all the followers who were taking a chance to run the market according to them, all longs at high were trapped and bears attack was such that the bulls didn’t had a chance to go short even, with the American markets crashing huge in the past 3 sessions, the impact was massive and REVENGE has been taken, CHECK YOUR MAIL BOX , a WARNING signal was sent to all, if one has preserved it they might has been saved and others who moved it to trash had a attack on there life time, a mail was send to all the members of the http://treasurebag.ning.com/ which is the conference room, and with gods grace Markets dully respected our magical words.

For the up coming week, major announcements are to be made by the RBI and the main criteria for bulls to come back would a good news, other wise the heart attack for the bulls can lead to THE END of the rally which was started from the month of march 2009

Here is a very interesting data which no one had caught hold of for sure, but we are yet again making people aware of the books of HISTORY which nifty had created and all have forgot after the pull back from the lowest point.

17-jan 2008 Nifty opening at 5937, high at 6013 Low 5880 and closing 5913

18-jan 2009 Nifty opening at 5907, high at 5908 low 5677 and closing 5705

21 – jan 2008 nifty opening at 5705 high at 5705 low at 4977 and closing 5208

22-jan 2008 nifty opening at 5203 high at 5203 low at 4448 and closing 4899

23-jan 2008 nifty opening at 4903 high 5328 low 4891 closing 5203

I am here attaching two charts which have something highlighted in the blue box do view it once to check what the candles did and proven there job.

Nifty Important Level for the Week – 5085 (Futures)

Nifty Bulls hands above 4925

Nifty bears hands below 5114

Nifty long brake out 5208

Nifty Short Brake out 4830

All the above information is for a week

Nifty Important Level for the session –

5028

Nifty can touch

5065 – 5101 – 5134 – 5167 – 5204

Or

4995 – 4962 – 4925 – 4889 – 4956

Short Brake out 4959

Long Brake out 5113

Bulls above 4998

Bears below 5074

Pre Market Call

Nifty buy above 5047 target 5059 – 5071 – 5083 – 5095 SL – 5024

Nifty sell below 5024 target 5012 – 5000 – 4988 – 4977

SL – 5047

If Gap up opening around 5070 then sell nifty below 5070 target 5058 – 5046 – 5022 – 4999 SL – 5094

If gap down opening around 4954 then sell nifty below 4954 target 4930 – 4918 – 4907 SL 4977

All the above information is for the session

This is the 4th day of the correction phase, today the bears had fight with the bulls, Dow is Trading in RED, near about 200 points negative, what will happen tomorrow is Monday, the week is starting...

If we see the past years, 21 - 22 Jan 2008 was a deadly beginning and bears had attacked with full force without intimating any one.... & yet again history has repeated itself and 21 - 22 Jan 2010 were big surprises for all and Panic every where.

21st Jan 2010 - 21st Jan 2008

22nd Jan 2010 - 22nd Jan 2008

(Both the days we had a Crash in the session)

BULLS HAD REST IN PEACE THAT YEAR..... Will the same happen this YEAR


THE KEY TO THE lock IS 25-Jan-2010

We would like to wish all the Pirates a very all the BEST.

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Commodities 22nd Jan 2010 - Part 2

Hello Pirates

The commodities calls for the session are as follows : -

GOLD - FEB

High 16479 Low 16402 Cmp 16453

Buy gold above 16474 target 16495 - 16517 - 16538
SL 16431


Sell below 16431 target 16410 - 16388 -
16367
SL 16474


Time : - 6:00 PM
Target by 11 pm

Commodities 22nd Jan 2010 - Part 1

Hello Pirates

The commodities calls for the session are as follows : -

GOLD - FEB

High 16479 Low of 16403 Cmp 16455

Buy gold above 16462 target 16483 - 16505 - 16526
SL 16419


Sell below 16419 target 16398 - 16376 -
16335
SL 16462

CRUDE - FEB

High 3524 Low 3514 Cmp 3515

Buy crude above 3528 target 3538 - 3548 - 3558
SL 3509

&

Sell below 3509 target 3499 - 3489 - 3479
SL 3499


Time : - 12:50 PM
Target by 11 pm

Treasure Hunting Map 22nd Jan 2010

Hello Pirates

What an impressive century creating day we had, one again history has repeated its pages and 21 Jan 2008 crash was a fear in the hearts of traders and yet again the bears showed the surprise and no wonders the bears attack was like the match and century was done by the bears.

We had opened at a gap note and our weekly level for nifty short brake out worked as a charm and see the weekly short brake out lead to massive gains in the pocket of the traders, Nifty has broken the range bound and the trend has turned towards a healthy correction, all the dreams and longs stop losses were hit and we had warned all about the crash at the starting of the month and our positional short was rocking.

Important Nifty Level to watch out
-
5121

Nifty can try to touch

5146 - 5170 - 5213 - 5255

or

5078 - 5036 - 5011 - 4987

Nifty is Strong above 5159

&

Bulls Control below 5011

Pre - Market Call

Buy nifty at 5096 target 5108 - 5120 - 5132 - 5144
SL 5073

&

Sell at 5073 target 5061 - 5049 - 5037 - 5025
SL 5096

This is the 3rd day of the correction phase, today the bears had a century, Dow is Trading in RED, near about 200 points negative, what will happen tomorrow is FRIDAY...

If we see the past years, 21 - 22 Jan 2008 was a deadly beginning and bears had attacked with full force without intimating any one....

21st Jan 2010 - 21st Jan 2008
(Both the days we had a Crash in the session)

BULLS HAD REST IN PEACE THAT YEAR.....


WHAT WILL HAPPEN THIS YEAR ?


THE KEY TO THE lock IS 2010

We would like to wish all the Pirates a very all the BEST.

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Commodities 21st Jan 2010 - Part II

Hello Pirates

The commodities calls for the session are as follows : -

GOLD - FEB

High 16690 Low of 16566 Cmp 16575

Buy gold above 16596 target 16617 - 16639 - 16661
SL 16553


Sell below 16553 target 16532 - 16510 -
16489
SL 16596


Time : - 3:45 PM
Target by 11 pm

Commodities 21st Jan 2010

Hello Pirates

The commodities calls for the session are as follows : -

GOLD - FEB

High 16686 Low of 16646 Cmp 16665

Buy gold above 16690 target 16711 - 16733 - 16754
SL 16646


Sell below 16646 target 16625 - 16604 -
16582
SL 16690

CRUDE - FEB

High 3595 Low 3590 Cmp 3593

Buy crude above 3602 target 3612 - 3622 - 3632
SL 3582

&

Sell below 3582 target 3572 - 33562 - 3552
SL 3602

Time : - 11:50
Target by 4 pm

Treasure Hunting Map 21st Jan 2010

Hello Pirates

Nifty has been showing surprises to all the intra day traders, most of all the king of markets which had so many buyers, almost about 30 lakhs buyers to 20 lakhs buyers with just nominal sellers about 3 lakhs or so the numbers can be approx, had seen some profit booking and from 1125 odd levels it was trading at 1072 levels during the session.

Nifty finally brake the psychological level which was 5200 in futures and made a low of 5195 but the spot nifty was able to hold 5200 levels and thus we saw a bounce back from 5195 to 5231 levels and finally ended at a flat note but below 5220 levels which was the levels for the bulls.

Now the most important level to watch out is 5189 in futures and 5180 in Spot nifty, if these levels are broken then a short brake out signal can come in and we might test lower levels also, the king has to brake 1070 levels for more down side and drag the market down with it.

Important Nifty Levels to watch out
-
5218

Nifty can try to touch

5230 - 5242 - 5256 - 5270

or

5204 - 5190 - 5178 - 5166

Nifty is Strong above 5243
&
Brake down below 5186

Pre - Market Call

Nifty buy at 5226 targets 5238 - 5250 - 5262
Stop Loss - 5201

Nifty sell at 5201 targets 5189 - 5177 - 5165
Stop Loss - 5226

Nifty has been dipping for 2 conservative days, tomorrow the major big players are coming up with there results, ONGC - ICICI BANK - L&T & most of all Inflation numbers are popping up on screen....

Dow Jones is around 190 points in RED, what will happen, will we react as DOW, or we would be seeing a magic wound showing some magics.

If we see the past years, 21 - 22 Jan 2008 was a deadly beginning and bears had attacked with full force without intimating any one....

BULLS HAD REST IN PEACE THAT YEAR.....

WHAT WILL HAPPEN THIS YEAR ?


THE KEY TO THE lock IS 2010

We would like to wish all the Pirates a very all the BEST.

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Commidities for 20th Jan 2010

Hello

The commodities calls for the session are as follows : -

GOLD - FEB

High 16925 Low of 16843 Cmp 16873


Buy gold above 16894 target 16916 - 16938
SL 16851

&

Sell below 16851 target 16829 - 16808
SL 16894

CRUDE - FEB

High 3625 Low 3615 Cmp 3617

Buy crude above 3630 target 3640 - 3650
SL 3609

&

Sell below 3609 target 3599 - 3589 - 3579
SL 3630

Treasure Hunting Map 20th Jan 2010

Hello Pirates

As we had predicted that the session would be neutral and high volatility would be faced during the session and see the result, the levels which we had posted were hit on target and as per had mentioned that below 5238 there would be a short brake and nifty made a low of 5212 on the charts.

Important Nifty Level to watch out -
5236

Nifty Can try to touch

5248 - 5261 - 5280 - 5299

or

5217 - 5198 - 5186 - 5174

Nifty is Strong above 5257 & Bears Control below 5189

Pre - Market Call

Nifty buy at 5235 targets 5247 - 5259 - 5271
Stop Loss - 5210

Nifty Sell at 5210 targets 5198 - 5186 - 5174
Stop Loss - 5235

Weekly Important Point - 5241
(Make a note of it IF not noted)


Weekly Levels to watch for Long Side are 5318 - 5220

Weekly Levels for Short Side are
5285 - 5187

We Saw a Bearish Session and a surprise was seen to all which no one had expected, what will happen yesterdays magic bulls were vanished in a swap, will the bears still have an impact and control over the market, would they be able to take revenge and the final range bound situation been broken or the big bulls are back???

THE KEY TO THE LOCK IS 20TH JANUARY 2010

We would like to wish all the Pirates a very all the BEST.

Regards

Treasure Captain

www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Treasure Hunting Map 19th Jan 2010

Hello Pirates

What an magical session we had today, being all the asian markets Trading in RED and being attacked by the bears, our index opened at a gap down note with a gap in the charts and then had a non stop jump till 5290 levels on intra day charts.

Sgx Nifty was trading around 5220 levels and if one had made a note of the Weekly Long brake out levels, then one may find the magic numbers and see the numbers speck from them selves, our projected for Intra day were duly respected and all the levels were hit & 5220 weekly long brake out worked well.

Dow is closed for the session and in the session we saw Banking stocks having a support hand over the index and even the king of the markets had huge buying support which made nifty to hold down to its legs and have a stand on the floor, nifty is trading in a tight range of 5220 - 5290 levels.

Weekly Important Point - 5241
(Make a note of it IF not noted)

Important Levels to watch out -
5265

Nifty can try to touch

5279 - 5295 - 5308 - 5321

or

5250 - 5237 - 5221 - 5205

Nifty Strong above 5302 and Brake down below 5238

Pre - Market Call

Nifty buy at 5281 with stop loss of 5257 targets 5293 - 5306 - 5318 - 5330

Nifty sell at 5257 with stop loss of 5281 targets 5245 - 5233 - 5221 - 5209

Neutral Session can be Expected
with
HIGH VOLATILITY

DOES ANY ONE KNOW HOW MANY TIMES WE TRIED TO GO ABOVE 5300?

dIsInVeStMeNt oF sToCkS

O MY GOD !!

wHAT'S nExT

Weekly Levels to watch for Long Side are 5318 - 5220

Weekly Levels for Short Side are
5285 - 5187


Will the same magic can be witnessed in the coming sessions also, or a surprise is on its way, what will happen, what should we do now, go long at this point or go down, Dow is closed how will be the opening tomorrow, will we cross 5300 ??

THE KEY TO THE LOCK IS 19TH JANUARY 2010

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
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Treasure Hunting Map for 18th Jan 2010

Hello Pirates

Nifty had some boost from the positive results from major companies and Friday being the last trading session for the week and most of all Reliance the King of the market had shown there golden bags and we had seen the results of the company after the market hours, so fresh buying was seen in the stock and was about to go for a brake out, but in the last we saw some slip and a range bound boring session was seen on Friday.

If one remembers our last mondays article we had posted some levels which were to be touched for the weekend and Nifty respected our levels and some targets where hit & we had clearly mentioned that 5300 is a brake out zone and nifty was not able to cross the golden gates to welcome the bulls.

Inflation numbers have been increased from 4.78 to 7.31 which are not a positive sign.

Our weekly point was 5254 and check out the weekly close on FRIDAY 5253.10

Weekly Important Point - 5241(Make a note of it)

Intra Important Level to watch out - 5256

Nifty can try to touch

5262 - 5269 - 5275 - 5283

or

5241 - 5235 - 5229 - 5222 (Intra Day Levels)

If a gap up opening around 5260 then Short with Stop Loss of 5270 targets can be 15 - 20 points

&

If a gap down opening around 5246 then go Long with Stop Loss of 5240 targets 15 - 20 points.

Weekly Levels to watch for Long Side are 5318 - 5220

Weekly Levels for Short Side are 5285 - 5187

Global ques are not that supportive as they seem to be getting affected by the Eclipse and they were trading in deep red, Monday is a holiday for American Markets, thus second half is a careful session to be watched out as per any change in trend is possible and don't expect a nice session, tomorrow is a big game as per the war between the bulls and the bears are gonna be aggressive.

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
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Treasure Hunting Map for 15 Jan 2010

Hello Pirates

Nifty has been showing a mix session and the fight between the bulls and the bears is on, nifty had tried to make a low for the day but the king of the market was very much supportive and huge numbers of buyers were seen in the stock.

If we look at the data today, then spot nifty open and low is near about similar and as we had predicted in our previous post for 14th Jan, nifty has touched our levels and we had clearly mentioned the which we respected by our market.

For the session one has to be careful as per the week is about to close and bank nifty is not at all supportive and just on the edge on the fall, if the support is taken at 8900 levels for bank nifty on closing basis for conservative days then one may not see a free fall in the banking index, other wise the worse in bank index is yet to be seen.

For the week if we see, we had posted an article on the starting of the week that 5275 below that is a clear short brake out and above 5300 only fresh long positions can be taken, which happened today, we had posted the same in yesterdays article also, one can short around these levels for a margin profits of 20 - 30 points which was duly earned and nifty didnt cross 5275 and thus 5255 was seen on cards.

For the session : -

Nifty if gap up opening then Short around 5270 levels with a Stop Loss of 5278 for a target of 20 - 30 points.

Nifty if gap down opening then buy around 5253 with a stop loss at 5244 for a target of 20 - 30 points.

Nifty can touch for the session 5264 - 5291 and 5253 - 5221

Important Level to watch ------ 5260

Over all if we see global ques then the numbers are not impressive and sgx nifty as of now is just trading at 6 points in green, we are neutral for the session and one has to keep booking profits instead of getting there stop loss hit.

Today we saw the increase in inflation rates which is not a good concern for the banking sector and economy and government has to take steps so as to take control of the inflation, despite of bad numbers the markets moved up as per the support of KING, but if king doesnt support then what can happen, so one has to be careful.

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
http://twitter.com/moneybaghunt
Yahoo User ID - moneybaghunt
Live Conference at www.treasurebag.ning.com

Treasure Hunting for 14th Jan 2010

Hello Pirates

Nifty has been showing volatile moves, and nifty has over all hit most of the weekly targets, now for the session one has to keep eyes on 5170 levels which comes out to be a chance for bulls on closing basis and panic below that would drag the index down, for the session the IT index was a major supporter for the market and todays rally was from It sector only that to because the It king Infosys have popped up pretty good results, but this recovery should be concede red as a long position holding time, one can take this recovery as a chance to go short at higher levels until we are not closing above 5300 levels for a next big...

For the session nifty might touch 5236 - 5258 - 5271 - 5283 - 5306 on the higher band and on the lower band one can expect to see 5201 - 5189 - 5166 - 5144 - 5132,

Go short around 5271 - 5283 levels which a Stop loss at 5306 levels and targets can be 20 - 30 points

Go long arounf 5189 - 5166 with a stop loss at 5144 targets 15 - 30 points

These are intra day levels for the session.

Nifty will touch 5253 or 5215 tomorrow

Over all if one remembers the weekly pivot which is at 5254, nifty has closed below that thus over all nifty is on the short side.

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
http://twitter.com/moneybaghunt
Yahoo User ID - moneybaghunt
Live Conference at www.treasurebag.ning.com

Treasure Hunting Map 12th Jan 2010

Hello Pirates

As we had said in our previous articles at the starting of the week our first article that nifty is over all weak and we may witness some correction and in todays session at the starting bell we saw a gap up opening and one had got a chance to short nifty at higher levels and thus in the second half as we had warned all in out conference room that this is a fake rally for the day and we are gonna witness some profit booking which was seen on the cards....

The king of the market had its 4th block deal this time and they sold there treasury shares to FII's and we closed at a flat note, for the up coming session, IIP numbers are to play a very important role and Nifty has closed below 5275 which is the weekly short brake out point but closed above 5220 which is a support for the bulls, thus one may see a clear direction of the market below 5220 and 5180 only which creates a panic sell off and welcome the bears with open cheers....

Every one are expecting good IIP numbers as compared to previous ones, they would play a vital role in the direction of the market, but as we all know what we expect we hardly get and what we get is the opposite of our expectations as per markets are the supreme masters and they teach a lesson to all, instead of getting a lesson from others.....

For the session we would advice traders to play with strict stop loss as per the session wont be so easy as it looks as per volatility would be at hits high.

Nifty will try to touch

5252 - 5237 - 5228 - 5219 - 5205

or

5275 - 5284 - 5298 - 5313

(Intraday Levels)

Over all if we look at SGX Nifty its trading at 22 points in red, so one can expect a flat opening and global ques are also not so supportive, but our markets are its own runners, thus keep eyes and ears open on the IIP numbers, always remember on the charts everything is not clear but out mind is one golden key to questions which can make things clear, so be practical and follow the golden rules, stop loss are meant to be hit, but targets are meant to be archived.

Weekly Point 5254 (Make a note of it for this week)

Over all every rise should be taken as a chance to short nifty with a Stop Loss at 5309 levels and keep booking profits as per convenience, just watch out 5220 - 5180 levels on closing basis for holding your long positions....

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
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Treasure Hunting Map for 11 Jan 2010

Hello Pirates

Nifty has made news highs for the year 2010 and at the years end of 2009, as we had predicted that we would see a xmis gift which was seen and 5200 was archived, on the other hand every body was expecting nifty to touch 5300 on dec expiry, but we had said that we dont expect that big move for dec and a new year gift would be seen and nifty made high for 5300 for the month of jan and the year 2010 opening as a new year blasting time.....

Our reversal point was 5309 which was archived last week and thus the bulls seem to get weaken and nifty broke 5250 levels on Friday as we saw a narrow range for the past few sessions which shows that bulls are ending there life and bears are charged.....

Remember we had said in Dec that after the xmis gift and new year gift there would be a revenge time, so get all set for a revenge and the narrow range proved the same, if we look at the stocks section last week, ONGC & Reliance Industries the king of market have been seen huge buyers and holding there top positions which proves that they were the ones holding the index from correction and a false brake out was seen and operators are using there systems to create a trap for all........

For the week ahead.....

Closing below 5275 futures and 5284 spot is a chance to go short with a Stop loss of 5309 for a target of 5240 - 5220 levels, bulls have a chance to hold unless we are above 5220 and 5180 which was the double top created last few months back and we had witnessed heavy sell off at those levels, if both the levels are broken then the bears have a pull back and bulls would have an heart attack.....

For the week

Nifty will try to touch 5215 - 5156 - 5127 - 5084

If we look at the RSI data its in over sold zone, a healthy correction is due for the markets, for the week nifty closing above 5300 will create a brake out on charts and closing below 5200 will invite the bears to party with a bear

Weekly Point to watch out 5254 to watch out

Over all every rise should be taken as a chance to short nifty with a Stop Loss at 5309 levels and keep booking profits as per convenience, just watch out 5220 - 5180 levels on closing basis for holding your long positions....

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
http://twitter.com/moneybaghunt

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com