Nifty 15th March 2010

Hello Pirates

Nifty showed some volatile moves in the last session which we had after the IIP numbers were shown up on screen, over all if we look at the DATA we can indicate that FIIs are now selling in Nifty Index and buying in Cash Stocks and the Retail Section which was selling and shorting at these levels were seen covering there shorts in PANIC mode which can act as a trap for them as per the correction which one expected is taking a hell of a TIME and when so ever it comes they would not even get a chance to create short POSITIONS.




FII's were seen buying in Nifty index which made it hold it grip and stopped from slipping from bulls hands to bears hands, but as said a HEALTHY CORRECTION is good for another upmove, which didnt happen in between and sooner or later the UNEXPECTED would happen and like always RETAILERS WOULD GET TRAPPED YET AGAIN......

 

For the Session

Nifty Important Level – 546 (Futures)

Nifty can touch - (Futures)

Above the mentioned levels bulls  -  5156 - 5166 - 5178 - 5189

or

 

Below the mentioned levels bears - 5135 - 5124 - 5114 - 5103

MOST IMP LEVELS  -  5123

We don't advice to create any LONG POSITIONS at current levels as per a FALSE BRAKE OUT can be a TRAP, a correction should be used to invest in deeps that to not at a single short, take dips as an opportunity to buy in installments....

 

REMEMBER - WE ARE TOTALLY FOCUSED ON GLOBAL QUES NOW AFTER BUDGET AND WHAT IS HEARD BY EARS IS NOT ALWAYS RIGHT AS SEEING BY EYES WOULD MIGHT PROVE THE RIGHT ALSO WRONG....

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

Regards

Treasure Captain

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