Treasure Hunting Map 2nd Feb 2010

Hello Pirates

Nifty had opened on a gap down note and if we saw all the global ques all were trading in negative and in red, but after a band by the bears, its time for the bulls and 1st day of the month starting was a sharp recovery and nifty had crossed the 4900 mark but was not able to cross the resistance point of 4920 levels.

Nifty Important Levels for the Session -

4882

Nifty above the level can touch

4912 - 4942 - 4962 - 4983 - 5013

Nifty below the level can touch

4861 - 4840 - 4810 - 4780 - 4759

Nifty can hit 4971 - 5004 - 5044 above 4890

Nifty can hit 4751 - 4720 - 4676 - 4642 below 4832

Pre Market Call

Buy nifty above 4911 target 4923 - 4935 - 4946 SL 4886

and

Sell below 4888 target 4876 - 4865 - 4853 SL 4915

Markets Strong above 4956 & Weak below 4844

Dow is Trading in Green after a long time, many of the stocks have been holding there levels but to-days session Realty and Baking stocks were not that supportive, lets see if they get to give a support hand and a booster to the markets tomorrow.

Important Level to Watch out - 4930 above and below the level would decide the TREND...

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

Regards

Treasure Captain

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