Treasure Hunting for a Big Bang now
Hi Friends,
Nifty is showing its own moves who know where is it heading to, a big band is ye to be awaited which can take us to 5000 levels or we head to 3900 and if that broken we head to 3300 levels.
Well if we check out the global ques we are at a run, Dow is out performing our sensex now and it has made new highs in 2009 and its trading above 8900 levels which is a good news for the market, it will surely head to 9000+ levels and make more new highs very soon.
But does this mean that we are also heading to new highs will nifty cross 4700 levels this time and touch 4800 and 5000 levels may be in augest, but the big question as of now is where are we closing at this expiry will it be above 4400 levels or below that.
Big band yet to be awaited, today early morning we saw nifty trading at it highs and suddenly it traded at its lows and made new lows all the way what a surprise for the markets and traders, all the puts mostly ran off and calls were gone crashed like hell.
But buy at dips is the best strategy, nifty has a strong support at 4380 levels which can help the bulls to keep the ball in there court.
Trading strategy for now can be that if we close below 4380 levels then but put and sell nifty and if we close above 4400 and then 4480 levels go long nifty bull run and we can see 4600 levels also.
For tomorrow's map is : -
Buy nifty above 4445.77 - 4478.43 - 4511.08 - 4567.18 - 4623.27 SL - 4420,
Sell nifty below 4389.68 - 4333.58 - 4300.93 - 4268.27 - 4212.18 SL - 4410
Make a note that the new bull run to start nifty has to trade above 4520 levels and make a close above that level for heading to 4600 - 4700 levels and a close above that the previous highs nifty is surely heading to 5000+ levels.
Volatility is likely to increase and keep eagle eyes on reliance and HDFC as per these were the major draggers and movers in the market and reliance and hdfc both were very down thus trade with strict stop loss and trade in small quantity and go long in the market only above 4520 levels.
Go Pirates attack and grab the bags of treasure.
For stock tips refer to out article which is on its way.:)
Trading in the market involves risk, this information being provided is for educational purpose only, one should take advices from there financial consultants before making any final decisions in there trades, we hold no responsibility, and the trader is trading at there own risk.
Regards
Treasure(Captain)
Showing posts with label dow. Show all posts
Showing posts with label dow. Show all posts
Wednesday, July 22, 2009
Tuesday, July 14, 2009
Hunting Map for Treasure
Dow is currently trading at 10:00pm, its currently at 8236 approx 5 points in (-), but if we have a look at the SnP500 its trading above 900 levels currently trading at 901 approx.
We are still at the safer side, we expect Dow to close flat as per if we have a look at the European market, they have closed flat to positive, we expect the same for Dow Jones also, we will be coming up with Dow targets very soon.
Now if you remember our previous blog, we had recommended some stocks, which have out performed and given excellent results, in the case of Unitech also, it made an high of 71, what gains and moves this stock showed.
Our Nifty call was rock on, if you see our targets and the close, they match, :), if we have a look at the nifty charts for 14th which is as follows : -
Nifty has given a close at 4117.23 levels, all pirates had there eyes on reliance, if you have read our previous blog we had prompted a question on reliance and nifty, and you see the results but the answer to that question is still not in front of us :).
Trading Strategy for 15th July, Nifty has given a close at 4117.23 levels, now traders can buy nifty above 4119 targets for nifty can be 4129 - 4123 - 4128 - 4134 - 4137 - 4140, sell nifty if it trade bellow 4111 - 4105 - 4102 - 4099 - 4093 - 4088.
These are the targets which shows that as per the performance of Dow, we are going to open flat and trading session would also remain flat, but if we get any support form European markets we can boom up, but in short term we are bullish on the market until we sustain 4050 levels.
A close above 4150 levels can hedge us to 4200 levels we can even see 4400 - 4600 levels, just wait and watch the S&P500 and performance of Reliance and World Markets.
The stocks to keep an eye are ABAN, HDIL, Rpower, Hindoilexp, Ispatind, Suzlon.
Reliance Industries can touch 1900 levels in short term, and a close above 1900 levels can drag it to touch 1930 - 1960 levels also, in medium term.
Still the big question is on, if nifty is going to fill the gap which was created at the time of upper circuits, where would reliance head to, for the gap filling we have to touch 3700 levels, as per reliance industries has filled the gap, then where would you rate reliance industries, this is a questions whose answer cannot be answered by any one, the main decider for the question is the Market.
Trade with strict stop loss and watch the markets with eagle eyes, one has to be cautious while trading in the high volatility markets, the above mentioned information is for educational purpose only, one can follow the above information in there trading session but there are trading at there own risk.
We the Pirates would like to wish all the Pirates All d Best.
Treasure
www.moneybaghunting.blogspot.com
We are still at the safer side, we expect Dow to close flat as per if we have a look at the European market, they have closed flat to positive, we expect the same for Dow Jones also, we will be coming up with Dow targets very soon.
Now if you remember our previous blog, we had recommended some stocks, which have out performed and given excellent results, in the case of Unitech also, it made an high of 71, what gains and moves this stock showed.
Our Nifty call was rock on, if you see our targets and the close, they match, :), if we have a look at the nifty charts for 14th which is as follows : -
Nifty has given a close at 4117.23 levels, all pirates had there eyes on reliance, if you have read our previous blog we had prompted a question on reliance and nifty, and you see the results but the answer to that question is still not in front of us :).
Trading Strategy for 15th July, Nifty has given a close at 4117.23 levels, now traders can buy nifty above 4119 targets for nifty can be 4129 - 4123 - 4128 - 4134 - 4137 - 4140, sell nifty if it trade bellow 4111 - 4105 - 4102 - 4099 - 4093 - 4088.
These are the targets which shows that as per the performance of Dow, we are going to open flat and trading session would also remain flat, but if we get any support form European markets we can boom up, but in short term we are bullish on the market until we sustain 4050 levels.
A close above 4150 levels can hedge us to 4200 levels we can even see 4400 - 4600 levels, just wait and watch the S&P500 and performance of Reliance and World Markets.
The stocks to keep an eye are ABAN, HDIL, Rpower, Hindoilexp, Ispatind, Suzlon.
Reliance Industries can touch 1900 levels in short term, and a close above 1900 levels can drag it to touch 1930 - 1960 levels also, in medium term.
Still the big question is on, if nifty is going to fill the gap which was created at the time of upper circuits, where would reliance head to, for the gap filling we have to touch 3700 levels, as per reliance industries has filled the gap, then where would you rate reliance industries, this is a questions whose answer cannot be answered by any one, the main decider for the question is the Market.
Trade with strict stop loss and watch the markets with eagle eyes, one has to be cautious while trading in the high volatility markets, the above mentioned information is for educational purpose only, one can follow the above information in there trading session but there are trading at there own risk.
We the Pirates would like to wish all the Pirates All d Best.
Treasure
www.moneybaghunting.blogspot.com
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