Nifty 9th March 2010

Hello Pirates

Nifty has showed the neutral views as written and closed with volatile point in the end, major dragger for the market was Reliance Industries which was dragging the markets down. Nifty respected our levels and touched all the levels as posted in the article.

For the Session

Nifty Important Level – 5022 (Futures)

Nifty can touch - (Futures)

5131 - 5140 - 5151 - 5162 - 5171 - 5180

or

 

5111 - 5100 - 5091 - 5082 - 5071 - 5060 

 EXPECTING A MIX SESSION.....

 

For the session 5145 would play a very important role as per above the level 5180 would be the next resistance and one needs to be careful at those levels, if we see the run from 5180 to crash and then rally till new highs to 5300 levels and then a crash, this was the level which had been a barrier for all... 

 

Profit booking has been seen at high levels and above 5100 nifty is strong and a close above 5145 would be a bulls grip which is important for the session and a major hurdle at 5180 levels.... 

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

Regards

Treasure Captain

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