Treasure Hunting Map 2nd March 2010

Hello Pirates

The March series has started and its going to be our first day in March and that to after budget.

Well budget - should we clap for it or cry after the news???

Well after the budget announcements being made, the range bound markets have broken the ranges and after a very long time we saw some moves in the index and traders got a chance to grab the bag of gold...

Nifty Important Level for the Week – 4922 (Futures)

Nifty Bulls hands above 4888

Nifty bears hands below 4983

Nifty long brake out above 5030

Nifty Short Brake out below 4831

Nifty Important Level for the Week – 4894.5 (Cash)

Nifty Bulls hands above 4814.70

Nifty bears hands below 4902.10

Nifty long brake out above 4945.80

Nifty Short Brake out below 4771.01

Nifty can touch - (Futures) - Weekly

5015 - 5095 - 5187

Or

4843 - 4750 - 4670

Nifty can touch - (Spot) - Weekly

4955.9 - 5053.4 - 5114.8

Or

4797 - 4735.6 - 4638.1

For the Session

Nifty Important Level – 4902.9 (Cash)

Nifty Important Level – 4934.5 (Futures)

Nifty can touch - (Futures)

5003.8 - 5071.7

or

4866.6 - 4797.3

Budget has given a surprise to all and the China wall at 4950 has been broken, as of now SGX Nifty is trading at 4990 levels and Dow had closed at a flat to positive note yesterday and today also its trading in Green and expecting a gap up opening but the above levels have to be watched out for the session and coming week.

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