Nifty 15th March 2010

Hello Pirates

Nifty showed some volatile moves in the last session which we had after the IIP numbers were shown up on screen, over all if we look at the DATA we can indicate that FIIs are now selling in Nifty Index and buying in Cash Stocks and the Retail Section which was selling and shorting at these levels were seen covering there shorts in PANIC mode which can act as a trap for them as per the correction which one expected is taking a hell of a TIME and when so ever it comes they would not even get a chance to create short POSITIONS.




FII's were seen buying in Nifty index which made it hold it grip and stopped from slipping from bulls hands to bears hands, but as said a HEALTHY CORRECTION is good for another upmove, which didnt happen in between and sooner or later the UNEXPECTED would happen and like always RETAILERS WOULD GET TRAPPED YET AGAIN......

 

For the Session

Nifty Important Level – 546 (Futures)

Nifty can touch - (Futures)

Above the mentioned levels bulls  -  5156 - 5166 - 5178 - 5189

or

 

Below the mentioned levels bears - 5135 - 5124 - 5114 - 5103

MOST IMP LEVELS  -  5123

We don't advice to create any LONG POSITIONS at current levels as per a FALSE BRAKE OUT can be a TRAP, a correction should be used to invest in deeps that to not at a single short, take dips as an opportunity to buy in installments....

 

REMEMBER - WE ARE TOTALLY FOCUSED ON GLOBAL QUES NOW AFTER BUDGET AND WHAT IS HEARD BY EARS IS NOT ALWAYS RIGHT AS SEEING BY EYES WOULD MIGHT PROVE THE RIGHT ALSO WRONG....

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

Nifty for the WEEK - 15 to 18th March

Hello Pirates

We are totally moving on global markets and all the major news for the month are out, IIP numbers are good also but market toolk them in some bad way or in other words they were discounted already by the markets, for the current week we may see some turbulence as per we have been seen green closing in major indices over world wide markets in green.

For the Session

Nifty Important Level – 5134 (Futures)

Nifty can touch - (Futures)

5177 - 5210 - 5253

or

5101 - 5058 - 5025

Very Important Level for Nifty Future 5166 - 5102 below that Short

Nifty Spot strong above 5187 - 5123 above it Long

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

Commodities for 12th March 2010

Hello Pirates


The commodities calls for the session are as follows : -

GOLD - April


High 16620 Low 16534 Cmp 16603


Buy at 16624 target 16645 - 16667 - 16689 - 16700
SL 16581




Sell at 16581 target 16560 - 16538 -16500 - 16465
SL 16624




Important Point - 16585
 


Time : - 3:45 pm
Target by 11 pm

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

Nifty Trading 12th MArch

Hello Pirates

Nifty has brokern the major range bound llevels and now we are expecting some wild moves in the coming sessions, tomorrow the major role would be IIP numbers, one has to be cautios at these levels as per any BAD news or GOOD news would be a booster or a disaster for the market.

AS per open interest we are catching hold of highest open interest in 5000 put, atmost of 1 crore OI has been seen which was last seen in 10th March 2009, in 2500 put and rest we rallied from there, but that is history and even doh lot of unwinding has been seen in 5100 call which indicates that 5100 is acting as a firm support and below that BEARS would be attacking in full force.

For the Session

Nifty Important Level – 5136 (Futures)

Nifty can touch - (Futures)

Above the mentioned levels bulls  -  5153 - 5170 - 5182 - 5194 

or

Below the mentioned levels bears - 5124 - 5112 - 5095 - 5078

As we had writted in our weekly Letter that below 5133 and 5124 levels spot & future, nifty is bearish and look what happen in today session same case, Longs positions are safe only above 5160 Future levels and for the session the Level mentioned below is very Important

MOST IMP LEVELS  -  5092 

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