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

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