Treasure Hunting Map 19th Feb 2010Nifty had opened on a flat note and traded in red in the starting session and over all the whole session was dull, heavy weight Reliance Industries was trading in RED today and markets were dragged down with it as per the weight age is high in Nifty, all the sectors were weak, as per dollar index had seen a pull back.
Nifty is Trading above major support levels at 4850 and 4915 are acting as resistance, as per we are catching hold of bear at these levels.
After two conservative days we saw some profit booking at higher levels and nifty is trading in a tight range of 4850 and 4930 levels, either side brake out would decide the trend for the market and bulls would have a big run over 4950 levels where a triple top has been formed and 4850 acts as a major support for bulls below that a heart attack to bulls and bears would have a party....
In todays session Bank Nifty closed in Green and Nifty closed in RED it was the only index which was holding nifty from coming down and saved bulls from getting an heart attack other wise the range would had been broken as per King was down....
Nifty Important Levels for the Session -
4894.4
Nifty above the level can touch
4915.2 - 4942.7 - 4963.5 - 4983 - 5013
Nifty below the level can touch
4866.9 - 4846.1 - 4818.6 - 4780 - 4759
All the above LEVELS are SPOT
Dow is Trading in Green f;at to positive, SGX Nifty is trading 24 points +, expecting a volatile session and a big fight between the bulls and the bears, as per the weekend is closing tomorrow we would suggest all to trade lite as per the trend of the market is not yet in line and no one knows what will happen....
Regards
Treasure Captain
www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt
4894.4
Nifty above the level can touch
4915.2 - 4942.7 - 4963.5 - 4983 - 5013
Nifty below the level can touch
4866.9 - 4846.1 - 4818.6 - 4780 - 4759
All the above LEVELS are SPOT
Dow is Trading in Green f;at to positive, SGX Nifty is trading 24 points +, expecting a volatile session and a big fight between the bulls and the bears, as per the weekend is closing tomorrow we would suggest all to trade lite as per the trend of the market is not yet in line and no one knows what will happen....
Important Level to Watch out - 4950 above it non stop zoom till 5000+ levels & below 4850 nifty would crack down till 4820 levels or even lower watch out the Important levels....
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
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