Treasure Hunting Map for 15 Jan 2010

Hello Pirates

Nifty has been showing a mix session and the fight between the bulls and the bears is on, nifty had tried to make a low for the day but the king of the market was very much supportive and huge numbers of buyers were seen in the stock.

If we look at the data today, then spot nifty open and low is near about similar and as we had predicted in our previous post for 14th Jan, nifty has touched our levels and we had clearly mentioned the which we respected by our market.

For the session one has to be careful as per the week is about to close and bank nifty is not at all supportive and just on the edge on the fall, if the support is taken at 8900 levels for bank nifty on closing basis for conservative days then one may not see a free fall in the banking index, other wise the worse in bank index is yet to be seen.

For the week if we see, we had posted an article on the starting of the week that 5275 below that is a clear short brake out and above 5300 only fresh long positions can be taken, which happened today, we had posted the same in yesterdays article also, one can short around these levels for a margin profits of 20 - 30 points which was duly earned and nifty didnt cross 5275 and thus 5255 was seen on cards.

For the session : -

Nifty if gap up opening then Short around 5270 levels with a Stop Loss of 5278 for a target of 20 - 30 points.

Nifty if gap down opening then buy around 5253 with a stop loss at 5244 for a target of 20 - 30 points.

Nifty can touch for the session 5264 - 5291 and 5253 - 5221

Important Level to watch ------ 5260

Over all if we see global ques then the numbers are not impressive and sgx nifty as of now is just trading at 6 points in green, we are neutral for the session and one has to keep booking profits instead of getting there stop loss hit.

Today we saw the increase in inflation rates which is not a good concern for the banking sector and economy and government has to take steps so as to take control of the inflation, despite of bad numbers the markets moved up as per the support of KING, but if king doesnt support then what can happen, so one has to be careful.

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
Yahoo User ID - moneybaghunt
Live Conference at www.treasurebag.ning.com

Treasure Hunting for 14th Jan 2010

Hello Pirates

Nifty has been showing volatile moves, and nifty has over all hit most of the weekly targets, now for the session one has to keep eyes on 5170 levels which comes out to be a chance for bulls on closing basis and panic below that would drag the index down, for the session the IT index was a major supporter for the market and todays rally was from It sector only that to because the It king Infosys have popped up pretty good results, but this recovery should be concede red as a long position holding time, one can take this recovery as a chance to go short at higher levels until we are not closing above 5300 levels for a next big...

For the session nifty might touch 5236 - 5258 - 5271 - 5283 - 5306 on the higher band and on the lower band one can expect to see 5201 - 5189 - 5166 - 5144 - 5132,

Go short around 5271 - 5283 levels which a Stop loss at 5306 levels and targets can be 20 - 30 points

Go long arounf 5189 - 5166 with a stop loss at 5144 targets 15 - 30 points

These are intra day levels for the session.

Nifty will touch 5253 or 5215 tomorrow

Over all if one remembers the weekly pivot which is at 5254, nifty has closed below that thus over all nifty is on the short side.

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
Yahoo User ID - moneybaghunt
Live Conference at www.treasurebag.ning.com

Treasure Hunting Map 12th Jan 2010

Hello Pirates

As we had said in our previous articles at the starting of the week our first article that nifty is over all weak and we may witness some correction and in todays session at the starting bell we saw a gap up opening and one had got a chance to short nifty at higher levels and thus in the second half as we had warned all in out conference room that this is a fake rally for the day and we are gonna witness some profit booking which was seen on the cards....

The king of the market had its 4th block deal this time and they sold there treasury shares to FII's and we closed at a flat note, for the up coming session, IIP numbers are to play a very important role and Nifty has closed below 5275 which is the weekly short brake out point but closed above 5220 which is a support for the bulls, thus one may see a clear direction of the market below 5220 and 5180 only which creates a panic sell off and welcome the bears with open cheers....

Every one are expecting good IIP numbers as compared to previous ones, they would play a vital role in the direction of the market, but as we all know what we expect we hardly get and what we get is the opposite of our expectations as per markets are the supreme masters and they teach a lesson to all, instead of getting a lesson from others.....

For the session we would advice traders to play with strict stop loss as per the session wont be so easy as it looks as per volatility would be at hits high.

Nifty will try to touch

5252 - 5237 - 5228 - 5219 - 5205

or

5275 - 5284 - 5298 - 5313

(Intraday Levels)

Over all if we look at SGX Nifty its trading at 22 points in red, so one can expect a flat opening and global ques are also not so supportive, but our markets are its own runners, thus keep eyes and ears open on the IIP numbers, always remember on the charts everything is not clear but out mind is one golden key to questions which can make things clear, so be practical and follow the golden rules, stop loss are meant to be hit, but targets are meant to be archived.

Weekly Point 5254 (Make a note of it for this week)

Over all every rise should be taken as a chance to short nifty with a Stop Loss at 5309 levels and keep booking profits as per convenience, just watch out 5220 - 5180 levels on closing basis for holding your long positions....

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

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com

Treasure Hunting Map for 11 Jan 2010

Hello Pirates

Nifty has made news highs for the year 2010 and at the years end of 2009, as we had predicted that we would see a xmis gift which was seen and 5200 was archived, on the other hand every body was expecting nifty to touch 5300 on dec expiry, but we had said that we dont expect that big move for dec and a new year gift would be seen and nifty made high for 5300 for the month of jan and the year 2010 opening as a new year blasting time.....

Our reversal point was 5309 which was archived last week and thus the bulls seem to get weaken and nifty broke 5250 levels on Friday as we saw a narrow range for the past few sessions which shows that bulls are ending there life and bears are charged.....

Remember we had said in Dec that after the xmis gift and new year gift there would be a revenge time, so get all set for a revenge and the narrow range proved the same, if we look at the stocks section last week, ONGC & Reliance Industries the king of market have been seen huge buyers and holding there top positions which proves that they were the ones holding the index from correction and a false brake out was seen and operators are using there systems to create a trap for all........

For the week ahead.....

Closing below 5275 futures and 5284 spot is a chance to go short with a Stop loss of 5309 for a target of 5240 - 5220 levels, bulls have a chance to hold unless we are above 5220 and 5180 which was the double top created last few months back and we had witnessed heavy sell off at those levels, if both the levels are broken then the bears have a pull back and bulls would have an heart attack.....

For the week

Nifty will try to touch 5215 - 5156 - 5127 - 5084

If we look at the RSI data its in over sold zone, a healthy correction is due for the markets, for the week nifty closing above 5300 will create a brake out on charts and closing below 5200 will invite the bears to party with a bear

Weekly Point to watch out 5254 to watch out

Over all every rise should be taken as a chance to short nifty with a Stop Loss at 5309 levels and keep booking profits as per convenience, just watch out 5220 - 5180 levels on closing basis for holding your long positions....

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

Yahoo User ID - moneybaghunt

Live Conference at www.treasurebag.ning.com