Treasure Hunting Map Nifty 3rd March 2010

Hello Pirates

Nifty opened at a gap up note and created a gap in between the charts and with no time was making new highs and highs were made till the last minute close. Nifty has crossed all walls and the last Friday profit booking from highs which was seen clearly indicates that as per a Holi festival on Monday and a closing session for the market traders did not had confidence of taking longs over night and thus profit booking was seen which was not weakness but clearly taking home the profits....

The king of the market Reliance Industries was not moving at all, it was stuck at the very cost and closed at a flat note, nifty futures have closed above 5030 weekly point for long brake out which one may find at the Monday weekly article posted, so for tomorrow also one has to watch 5030 levels in futures close above that indicates strong signal and some upside is left and spot nifty has to cross 5045 for more upside....

For the Session

Nifty Important Level – 4994 (Cash)

Nifty Important Level – 5011.92 (Futures)

Nifty can touch - (Futures)

5056 - 5068

or

5000 - 4989

Very Important Level for Nifty Future 5080

&

Nifty Spot strong above 5045

Alert : - Nifty is still not trading in over brought zone and some up move can be seen to book out longs as today's gap down opening has created a gap on the charts which needs to be filled so be careful with longs one day or the other this gap will be filled....

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