Nifty Trading 10th March

Hello Pirates

Nifty has been trading in a dull range in today's session, whole day people were waiting for some moves so that one can earn money by either short or by going long but there was nothing in the market today and once again Reliance Industries is a major defaulter for dragging the markets towards the bear shoulders....

Due to a bounce back seen in dollar in the second half in the last minutes some movements were seen and  a low was made in nifty but Spot closed above 5100 levels and Futures are trading in a discount but the important part is bulls have a grip as per 5080 has been holding and if one check the weekly news letter one can see that 5124 is a short brake out on nifty futures which it took near about and came down from there.

For the Session

Nifty Important Level – 5104 (Futures)

Nifty can touch - (Futures)

5110 - 5117 - 5127 - 5137 - 5143 - 5149

or

5094 - 5084 - 5078 - 5071 - 5061 - 5051

 EXPECTING A MIX SESSION.....

For the session nifty has to cross above 5118 and weekly level of 5124 for a big move and as per the womans bail out has been passed that can be a booster for the market as per the markets were worrying a lot from the time the news had came out and that day from 5145 to 5095 has been seen in the market, but after such consolidation and close above 5080 is a good signal for bulls and a new high can be expected if the Rupee gets stronger against the Dollar.

MOST IMP LEVELS  -  5084

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

Regards

Treasure Captain

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