Nifty Trading 12th MArch

Hello Pirates

Nifty has brokern the major range bound llevels and now we are expecting some wild moves in the coming sessions, tomorrow the major role would be IIP numbers, one has to be cautios at these levels as per any BAD news or GOOD news would be a booster or a disaster for the market.

AS per open interest we are catching hold of highest open interest in 5000 put, atmost of 1 crore OI has been seen which was last seen in 10th March 2009, in 2500 put and rest we rallied from there, but that is history and even doh lot of unwinding has been seen in 5100 call which indicates that 5100 is acting as a firm support and below that BEARS would be attacking in full force.

For the Session

Nifty Important Level – 5136 (Futures)

Nifty can touch - (Futures)

Above the mentioned levels bulls  -  5153 - 5170 - 5182 - 5194 

or

Below the mentioned levels bears - 5124 - 5112 - 5095 - 5078

As we had writted in our weekly Letter that below 5133 and 5124 levels spot & future, nifty is bearish and look what happen in today session same case, Longs positions are safe only above 5160 Future levels and for the session the Level mentioned below is very Important

MOST IMP LEVELS  -  5092 

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

Regards

Treasure Captain

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