Treasure Hunting Map for 18th Jan 2010Nifty had some boost from the positive results from major companies and Friday being the last trading session for the week and most of all Reliance the King of the market had shown there golden bags and we had seen the results of the company after the market hours, so fresh buying was seen in the stock and was about to go for a brake out, but in the last we saw some slip and a range bound boring session was seen on Friday.
If one remembers our last mondays article we had posted some levels which were to be touched for the weekend and Nifty respected our levels and some targets where hit & we had clearly mentioned that 5300 is a brake out zone and nifty was not able to cross the golden gates to welcome the bulls.
Inflation numbers have been increased from 4.78 to 7.31 which are not a positive sign.
Our weekly point was 5254 and check out the weekly close on FRIDAY 5253.10
Weekly Important Point - 5241(Make a note of it)
Intra Important Level to watch out - 5256
Nifty can try to touch
5262 - 5269 - 5275 - 5283
or
5241 - 5235 - 5229 - 5222 (Intra Day Levels)
If a gap up opening around 5260 then Short with Stop Loss of 5270 targets can be 15 - 20 points
&
If a gap down opening around 5246 then go Long with Stop Loss of 5240 targets 15 - 20 points.
Weekly Levels to watch for Long Side are 5318 - 5220
Weekly Levels for Short Side are 5285 - 5187
Weekly Important Point - 5241(Make a note of it)
Intra Important Level to watch out - 5256
Nifty can try to touch
5262 - 5269 - 5275 - 5283
or
5241 - 5235 - 5229 - 5222 (Intra Day Levels)
If a gap up opening around 5260 then Short with Stop Loss of 5270 targets can be 15 - 20 points
&
If a gap down opening around 5246 then go Long with Stop Loss of 5240 targets 15 - 20 points.
Weekly Levels to watch for Long Side are 5318 - 5220
Weekly Levels for Short Side are 5285 - 5187
Global ques are not that supportive as they seem to be getting affected by the Eclipse and they were trading in deep red, Monday is a holiday for American Markets, thus second half is a careful session to be watched out as per any change in trend is possible and don't expect a nice session, tomorrow is a big game as per the war between the bulls and the bears are gonna be aggressive.
We would like to wish all the Pirates a very all the BEST.
Disclaimer : -
The above stocks are my personal views, one may see that trading in the market involves risk and thus one may trade in the stocks at there own risk, we won't hold any responsibility.
Regards
Treasure Captain
www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt
Disclaimer : -
The above stocks are my personal views, one may see that trading in the market involves risk and thus one may trade in the stocks at there own risk, we won't hold any responsibility.
Regards
Treasure Captain
www.moneybaghunting.blogspot.com
http://twitter.com/moneybaghunt
Yahoo User ID - moneybaghunt
Live Conference at www.treasurebag.ning.com
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