Wednesday, March 3, 2010

 Treasure Hunting Map Nifty 4th March

Hello Pirates

As we had predicted the levels for nifty, with due respect market respected our levels and touched our levels at the right time, the session had opened on a flat note and seeing the global ques all the markets didnt rallied in the market, all were trading on a flat note, nifty was also consolidating at the opening levels and a sudden blast off was seen making new highs as per the operators stock and the KING of market started moving, you know which one Reliance Industries, that was the only stock which zoomed our index to new highs and finally settled at a high note.

As of now Dow Jones is trading in a Green signal and SGx Nifty is trading at 5100 levels time 11 PM, but if we see the past session, I am not seeing any big moves in the market and Inflation numbers would play an very important role for tomorrows markets, as per any spike in the inflation numbers would be a bad deal for the Banking Sector, so be careful with longs at high.

For the Session

Nifty Important Level – 5065 (Cash)

Nifty Important Level – 5065 (Futures)

Nifty can touch - (Futures)

5106 - 5118 - 5129

or

5053 - 5042 - 5021


Very Important Level for Nifty Future 5101 - 5048 below that Short

Nifty Spot strong above 5065 - 5118 above it Long

Alert : - Nifty has filled the gap which was created at the time of the Gap Down opening in the Month of January is one remembers, and soon would be trading in over brought zone and Nifty has a gap to be filled at 4950 - 5000 levels, so 5118 is important level, take this rally as a chance to exit and book profits at high is advisable this is a RELIEF RALLY....

I AM NEUTRAL FOR THE SESSION.....

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


Regards

Treasure Captain

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